December 26, 2011 at 14:50 PM EST
Stocks on Watch For Tomorrow
Good afternoon, Traders !

I hope you enjoyed your holiday weekend ! Here are some setups to watch tomorrow !

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What I like best about Kodiak Oil & Gas Corp. (NYSE:KOG) is the relative performance it has exhibited in the last few weeks with respect to the overall markets. A bullish volume pattern has been formed in the last few weeks. On Friday, the stock made a breakout of its recent high with high volumes. Technical indicators are supporting the bulls. EMA's are moving up and RSI is also moving up and above its 50% level. Stochastic is also moving up and above its 50% level. Buy KOG around $9.23 with stop loss of $8.83 for the short term targets of $9.76 and $10. The stock looks bullish on charts. Keep a close eye on the stock for the follow through move on Tuesday. 

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Elan Corporation, plc (NYSE:ELN) continues to hold $12.60 but trade in a narrow range. Shareholders are probably getting frustrated because the stock doesn't move much higher from here, however the short term uptrend line still intact. As long as the stock trades above this support, investors can hold it with stop-loss at $12.55. ELN is a great company and I plan to buy the stock on a close over $13.14
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From my point of view, there are solid and consistent buyers here. GNBT's chart suggest that increased buy side activity could push share prices to much higher levels. Generex Biotechnology Corporation (PINK:GNBT) could touch an upside target of $.22 in the medium term. Existing holders could remain invested. The bias is bullish in nearest term. A close above $.194 would impart bullishness and would help the stock move to the $.20-$.22 area. There is a lot of upside potential in GNBT, so keep watching for the breakout move.
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Dendreon Corporation (NASDAQ:DNDN) - From a technical standpoint, there are some signs of a possible bounce here due to the oversold indicators and some positive divergences, which often leads to short covering. Let’s see whether the stock can gather enough momentum to break through $7.96.

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 stocks

PFE - PFIZER INC.
VZ - Verizon Comm
MRK - Merck & Co
DUK - DUKE ENERGY CORP
CVS - CVS Caremark Corp
KOG - KODIAK OIL & GAS CP
WMT - Wal-Mart Stores Inc
ABT - ABBOTT LABORATORIES
KFT - KRAFT FOODS INC
AMGN - Amgen Inc.
EP - EL PASO CORP
MCD - MCDONALDS CORP
SO - SOUTHERN CO
PM - Philip Morris International
SE - SPECTRA ENERGY CORP
CAG - CONAGRA INC
V - VISA Inc
TJX - TJX COMPANIES INC
EAT - BRINKER INTL INC
NEE - Nextera Energy
D - DOMINION RESOURCES
WCAA - WCA WASTE CP
KMB - KIMBERLY CLARK CORP
DFG - DELPHI FNCL GROUP INC
AMT - AMERICAN TOWER CORP
TSN - TYSON FOODS INC CL A
GSK - GlaxoSmithKline PLC
HCP - HCP Inc
ED - CONSOLIDATED EDISON
NI - NISOURCE INC
CMS - C M S ENERGY CORP
POM - Potomac Electric Po
PGN - Progress Energy Inc
KMP - KINDER MORGAN ENRGY
ROST - Ross Stores, Inc.
HSY - Hershey Corp
FAST - Fastenal Company
WEC - WISCONSIN ENERGY CORP
FDL - FTETF MORNINGSTAR DV
GPC - GENUINE PARTS CO
SHW - SHERWIN WILLIAMS CO
PKD - PARKER DRILLING CO
CATM - Cardtronics 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.

Thanks for visiting AC Investor Blog.

AC
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