12/11 Watch List

A few good plays from watch list. The best was SNDK, which had a nice AM move to 43.33 and faded off towards 42.50s. AKAM had a fast AM push to 39.37 and then dropped back under 39 for a good trade. BPAX, WU and MGM were stagnant and are still on watch. Also watching FB for a squeeze through 28.

Arkansas Best Corporation (NASD: ABFS) nice candle and volume today. Looking for a weak open for red to green move

Dick’s Sporting Goos Inc. (NYSE: DKS) watching the 49.30s trendline. Short biased under this area

New Oriental Education & Technology Group (NYSE: EDU) closed strong over the 18.40s trendline. Watching for gap up and push toward 19+ for s/s or AM pullback for long

InvenSense, Inc. (NYSE: INVN) watching for a weak open for red to green move and 11 magnet

Mylan, Inc. (NASD: MYL) made a new 52 week high and closed strong today. Looking for a weak open for red to green long and 28 magnet or gap up and rip for s/s

NVIDIA Corporation (NASD: NVDA) strong close on volume. Watching for a weak open for red to green long and 13 magnet or gap up and rip for s/s

QUALCOMM Incorporated (NASD: QCOM) watching the 64.30s trendline. Short biased off this area

Rare Element Resources Ltd. (AMEX: REE) long over 3.75. Watching for run, MCP style

SunPower Corporation (NASD: SPWR) looking for long entry over 200sma of 5.10

Texas Instruments Inc. (NASD: TXN) like the look of this for long entry over 29.85 trendline. Ideal play would be AM pullback for red to green and 30 magnet

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