Stock Picks: THQ, Eastman Kodak, Dendreon Corporation

THQ Inc. (THQI: 4.01 -0.12 -2.91%)  had a bullish momentum today, gaining nearly 3% and end the day near the highest price of the day. The bias is bullish in nearest term especially if price able to stay consistently above $4 targeting $4.50. Immediate support is now at $3.93. Honestly speaking, I'm expecting a breakout at $4.23 with a target of $4.50. So far, all indicators are in favor of an upward price movement. On the technical side, MACD has generated a buy signal and is currently above the 0 line. In addition , RSI is above 50 suggesting more up movement in the stock.

 

Eastman Kodak Company (EK: 4.23 -0.03 -0.70%) broke through resistance on Monday, and was able to sustain this move today. The stock hit a high of $4.27, which is resistance for Wednesday's move.  If EK can break through resistance, we should see a strong follow through move as there is a high short interest in the stock.  Watch the stock closely tomorrow.

 

Dendreon Corporation (DNDN: 41.30 -0.57 -1.36%) – The near-term trend is bearish and the stock faces a strong resistance at 43.90-44. A close above this range is a pre-requisite for the reversal of the bearish trend. Oscillators on the daily chart are bearish as RSI and a bearish MACD crossover occurred yesterday. Keep an eye on DNDN for Wednesday.

Earnings Announcements for Wednesday

Actuant Corporation – ATU
American Greetings Corp. – AM
China Precision Steel, Inc. – CPSL
Family Dollar – FDO
OMNOVA Solutions – OMN
SYNNEX Corporation – SNX
Worthington Industries – WOR
Xinhua Sports & Entertainment Limited – XSEL
Xyratex Ltd – XRTX

List of stocks whose volume has spiked over the last 2 days

POPN – Pop N Go Inc
AAI – AirTran Holdings, Inc
EXTO – Exit Only Inc
MDGC – MediaG3, Inc
LUV – SOUTHWEST AIRLINES CO
ACV – ALBERTO CULVER CO
ADPAS – Adelphia Recovery T
CKEI – Clickable Enterprises Inc.
PCFG – Pacific Gold Corp.
VRX – I C N PHARMACEUTICAL
BVF – BIOVAIL CORPORATION
SGEN – Seattle Genetics
IGAI – IGIA Inc.
LIA – Liberty Acquisition
NHWK – NIGHTHAWK RADIOLOGY
CLYW – CALYPSO WIRELESS INC
BEZ – BALDOR ELECTRIC CO
HSP – HOSPIRA INC
CGC – Capital Gold Corp
TYHJF – TYHEE DEVELOPMENT CO
AMFE – Technical Ventures Inc
ECMH – Encompass Holdings, Inc.
WTWO – W2 Energy Inc.
PBOF – PURE BIOFUELS CORP
GNVC – GenVec Inc
BSIO – BSI2000 Inc.
PLBI – Proton Laboratories, Inc.
VMSY – VISUAL MANAGEMT SYST
PC – MATSUSHITA EL IND C.
ANPI – Angiotech Pharmaceutical
VIVK – Vivakor Inc
IVAN – Ivanhoe Energy Inc
CTSO – MEDASORB TECHNOLOGIES
BIOF – BioFuel Energy Corp
NPD – China Nepstar Chain
SHKZ – Shaka Shoes Inc
LNKE – Link Energy LLC
HNR – Harvest Natural Resources
SNGX – DOR BioPharma Inc
EDIG – E Digital Corp
TTT – MFC Bancorp Ltd.
CTEFF – Centric Energy Corp
CJT – Vale Capital II
CRVW – Ecogate Inc
GCEH – Global Clean Energy
UHT – UNIVERSAL HLTH RLTY
WITM – Active IQ Technolog
BLTI – BioLase Technology
DPFD – Deep Field Technologies Inc.
VRTU – Virtusa Corporation
FDL – FTETF MORNINGSTAR DV
CRERY – CARREFOUR SA
WKLI – WikiLoan Inc.
ORXRF – OREMEX RES INC
CREQF – China Rare Earth Hld
ISCR – InstaCare Corp.
UVFT – UV Flu Technologies
VLCO – ValCom Inc

List of Stocks whose chart shows a Bollinger Band Expansion

EXPH – Expo Holdings, Inc.
BIDU – Baidu Inc
ATML – Atmel Corporation
XRX – XEROX CORP
ARNA – Arena Pharmaceutical
TXN – TEXAS INSTRUMENTS INC
NHWK – NIGHTHAWK RADIOLOGY
CLYW – CALYPSO WIRELESS INC
CAT – Caterpillar Inc
MAT – Mattel Co
IBM – INTERNATIONAL BUSINESS
BBY – BEST BUY CO INC
TYHJF – TYHEE DEVELOPMENT CO
ABC – AMERISOURCEBERGEN CORP
TQNT – TriQuint Semiconductor
CTL – Centurylink Inc
KLAC – KLA-Tencor Corporation
ID – Viisage Technology
NTWK – NetSol International
IVN – IVANHOE MINES LTD ORD
KMX – CarMax Inc
VICL – Vical Incorporated
VCLK – ValueClick, Inc.
SVNT – SAVIENT PHARMS
ANAD – ANADIGICS, Inc.
USSIF – U.S. Silver Corp
EIGH – 8000 inc
EGHT – 8X8 Inc
QUIK – QuickLogic Corporation
EW – EDWARDS LIFESCIENCES
CVM – CEL-SCI Corp
REDF – Rediff Com
CRIC – China Real Estate I.
SIFY – Sify Tech Lt ADR
MSCC – Microsemi Corporation
EDU – New Oriental Education
OCNW – Occam Networks, Inc.
EBIX – Ebix Inc
UTHR – United Therapeutics
USAT – USA Technologies Inc
BIOD – Biodel Inc
ILMN – Illumina, Inc.
RL – POLO RALPH LAUREN CORP
SOHU – Sohu.com Inc.
RVMIF – Revett Minerals Inc
CHTP – Chelsea Therapeutics
MNEAF – Minera Andes Inc
SMTC – Semtech Corporation

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.