June 21, 2012 at 18:15 PM EDT
Trade setups to keep on your trading watch list
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Back on May 8th, I made Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) my stock pick. Here is the link to my post " ARNA has a lot of upside potential, so watch the stock closely "  and here is a chart of ARNA after I made it my stock pick. This stock is up some 450% over the last two months, and it could go higher yet if sentiment holds. ARNA is overextended to the upside and signficantly overbought, so we cannot rule out a pull back, but at the same time it can remain overbought until it wants to come down. It closed today at $11.68.
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Sodastream International Ltd (NASDAQ:SODA) - Old alert, 38.80 break out.
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XenoPort, Inc. (NASDAQ:XNPT) - Old alert. Strong bounce on 2x the daily volume avg. Key resistance is now located at $6, a break above this level will confirm a new bullish trend and the following uptrend will take price up to $6.35 zone. The RSI is moving higher, which is a sign of growing strength in the stock.
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Old alert. US Airways Group, Inc. (NYSE:LCC) recorded a new high in today's session. Short-term outlook for the stock is bullish. Buy  LCC in dips with a stop-loss at $11.73. The technical daily chart looks Bullish with both 20, 50 and 200 daily moving averages going up and MACD on top of "0" RSI in a Bullish area too.
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Pharmacyclics, Inc. (NASDAQ:PCYC) I alerted to my subscribers and twitter folowers at $30-32, today it closed at $47.  It just keeps moving higher on nice steady volume.
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Zynga Inc (NASDAQ:ZNGA) - After posting an awesome run the stock lost some steam today and looks poised for a pullback in the near term. It has good support at $5.51. If it falls below this level on a close basis, then it can possibly go down to $5. Only a close below $5.51 would negate the short term bullish outlook. The main thing to look up in the chart is the poor volume in this drop compared to the strong one in the up trend. Low volume means the shorts have not capitulated. Stay tuned.
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. 

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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