( click to enlarge ) Novatel Wireless, Inc. (NASDAQ:NVTL) was one of the winners on Friday. The stock closed just below the high of the day which tells us there were buyers in the stock all day. This is a strong sign moving forward. The major technical indicators are looking better now for the stock. Looking at the technical chart the stock has just entered into a short-term bull market as the stock is on top of 13-day and 20-day moving averages. Other technical indicator such as MACD, is showing positive momentum while KD line also show buy signal as %K line is on top of %D line. Technically speaking the stock is now painting a short-term Bullish picture. Next resistance lies only at $3.33.
( click to enlarge ) Sourcefire, Inc. (NASDAQ:FIRE) broke out on Friday and made a new 52-week high of $35.90. I'm keeping FIRE on the list for the continuation move. The stock had big buyers in it all day and looks ready to make another move on Monday. The technical chart shows a continuation of the trend with MACD and RSI in the Bullish areas. Watch the stock closely next week and once it breaks $35.90, get ready to jump in and buy the stock. ( click to enlarge ) Last week, Generex Biotechnology Corporation (NASDAQ:GNBT) had a huge rally of about 70% on heavy volume. The stock is displaying a strong upside momentum again. Nearest resistance for the stock is at $.16 ( 200-day MA ). If this level is crossed and the stock is able to sustain above this level, then it might go to $.22. On the downside, the stock has support at $.12. The stock is currently in a new uptrend. The technical daily chart is showing a strong bullish bias. On Balance Volume is increasing, indicating accumulation of shares in the market and KD line is indicating upward swing. Watch GNBT closely on Monday. I feel this stock will easily make a strong move to the upside on any positive news. ( click to enlarge ) Oclaro, Inc. (NASDAQ:OCLR) had a slightly bullish day on Friday again but the price is struggling around the 20-day MA line resistance. Consistent move above $2.90 ( the trend line resistance ) could be a beginning of a new technical bullish reversal at least testing 3.3/3.40 area. Immediate support is at 2.78 followed by 2.68. ( click to enlarge ) The outlook for Elan Corporation, plc (NYSE:ELN) is positive and a move to 12.07-12.20 appears likely. The positive outlook would be in force as long as the stock remains above the 50-day moving average. Remain invested with a stop-loss at $11.06. The technical daily chart show a continuation of the trend with MACD and RSI trending upwards. ( click to enlarge ) I've mentioned Zalicus, Inc. (NASDAQ:ZLCS) for the bulls out there. I stand by this position. It looks like it is starting to turn back up and indicators are giving the first bullish signs. I am looking to see this stock re-test its October highs shortly. The OBV is increasing and the stock price has regained its position above the 50-day MA. The nearest trend is in favour of Bulls and ZLCS has room to go higher. If the stock can break through $1.25, we should see strong volume drive the stock higher. You need to watch the stock closely because it could break resistance soon. During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog twitter and newsletter, so you can receive my trade ideas and stock news in real time. Other stocks to watch : New 52-week High stocksRRR - RSC Holdings Inc MO - ALTRIA GROUP BMY - BRISTOL MYERS SQUIB DUK - DUKE ENERGY CORP LLY - LILLY ELI & CO HEK - Heckmann Corp XEL - XCEL ENERGY INC VRSK - Verisk Analytics ABV - Companhia de Bebidas ED - CONSOLIDATED EDISON PETM - PETsMART, Inc. MDCO - Medicines Company OGE - O G E ENERGY CORP KMP - KINDER MORGAN ENRGY FIRE - Sourcefire Inc ALK - ALASKA AIR GROUP INC OKS - Oneok Partners INSP - InfoSpace, Inc. SONO - SonoSite, Inc. PNY - PIEDMONT NAT GAS CO BEBE - bebe stores, inc HPY - HEARTLAND PYMT SYSNew 52-week Low stocksRIMM - Research in Motion CVC - CABLEVISION SYSTEMS SINA - sina.com VALE - Vale S A ADR ETFC - E*Trade Financial Inc ITMN - InterMune Pharmaceutical STJ - ST JUDE MEDICAL INC FSLR - First Solar Inc RSH - RADIOSHACK CORP HGSI - Human Genome Science MCP - Molycorp Inc AINV - APOLLO INVT CORP UNG - United States Natural TEF - TELEFONICA SA AEM - AGNICO EAGLE MINES LTD CREE - Cree, Inc. FII - FEDERATED INVESTORS PMCS - PMC - Sierra, Inc. ROVI - Macrovision Corporation HDB - HDFC BANK LTD SHLD - KMart Corp IBN - Icici Bank Ltd SLT - Sterlite Industries HNR - Harvest Natural Resources SFLY - SHUTTERFLY INC SPWR - SUNPOWER CORPORATION LRN - K12 Inc DRIV - Digital River, Inc. STEI - Stewart Enterprises NUVA - NUVASIVE INC STM - STMicroelectronics NV WAT - WATERS CORP RUE - Rue21 Inc CODE - Spansion Inc ESI - I T T EDUCATIONAL SVCS SA - SEABRIDGE GOLD INC CALX - Calix Networks Inc Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.