Stocks to watch on Thursday, October 11
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Affymax, Inc. (NASDAQ:AFFY) has made a very strong vertical move over the last sessions. The short-term target is difficult to judge as the stock has made a major breakout on huge volume in the last two sessions. From a technical standpoint the chart shows very strong upward momentum as the stock is above the 200 day moving average with both 50 day and 200 day moving average going up. In addition RSI and MACD also show very bullish signs. However, the daily momentum indicator has reached extreme overbought levels and I think that a near-term correction is likely to happen. The positive view would be negated if the share price closes below 22.
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Sirius XM Radio Inc (NASDAQ:SIRI) cleared resistance on heavy volume and looks ready to extend its gains. Technicals are bullish signaling sideways to higher prices in the near term. Only a close below 2.51 will reverse the current uptrend. From the technical chart MACD and RSI show bullish sign.
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Alpha Natural Resources, Inc. (NYSE:ANR) is working on another possible buy point. Watching 7.50. 20sma crossed above 50sma recently on volume uptrend. Looks like more upside on the way. 
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Barnes & Noble, Inc. (NYSE:BKS) Rounding-bottom breakout on the daily charts. The daily relative strength index, MACD and Stochastics are in Positive zone & the stock closed above 200-day sma. Long-term investors can hold the stock with a stop at 12.69
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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.

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AC
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