January 19, 2012 at 17:31 PM EST
Few Setups to watch on Friday Jan 20th
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OmniVision Technologies, Inc. (NASDAQ:OVTI) - Nice breakout with decent volume, positive MACD.  The stock seems to have formed an ascending triangle and broke above resistance at 13.35. The target price for the triangle is 16.5. Along its way up it may encounter resistance at 14.77 and 15.5. The breakout volume is good. Look for a quick run. 
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Barnes & Noble, Inc. (NYSE:BKS) - Bullish engulfing on daily chart, bought some today. If we see follow-through tomorrow, it might run hard. Technically, the MACD shows deeply oversold and is close to rising up through its moving average, which frequently leads to a rally. Plus, MACD histogram is moving up towards the zero line. A move above 12 could spark a nice short-squeeze.
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Oclaro, Inc. (NASDAQ:OCLR) has proven its bullishness. It was able to move past 3.87 resistance level and continued up to as high as 4.10. MACD also followed as well with the movement of the price. Chart tells me its a buy. 
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FormFactor, Inc. (NASDAQ:FORM) - Put a nice reversal candle today. A strong bounce on 2x the daily avg. Key resistance is now located at $5.47, a break above this level will confirm a new bullish trend, and the following uptrend will take price up to $6 zone. The Relative Strength Index is moving higher, which is a sign of growing strength in the stock. Also the MACD is giving a positive indication.
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Other stocks to watch :
US Earnings Calendar for Friday, January 20

Bank of Marin Bancorp - BMRC
Cascade Bancorp - CACB
Colony Bankcorp Inc - CBAN
Comerica Inc - CMA
Doral Financial Corp - DRL
Eastern Virginia Bankshares Inc - EVBS
Fidelity Bancorp Inc - FSBI
Fifth Third Bancorp - FITB
First Horizon National Corp - FHN
General Electric Co - GE
Metrocorp Bancshares Inc - MCBI
Northwest Bancshares Inc - NWBI
Parker Hannifin Corp - PH
Prosperity Bancshares Inc - PB
Riverview Bancorp Inc - RVSB
Rosetta Genomics Ltd - ROSG
Schlumberger NV - SLB
Suntrust Banks Inc - STI
Wayne Savings Bancshares Inc - WAYN

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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