Celldex Therapeutics, Inc.
(NASDAQ:CLDX) had been consolidating its recent run-up over the last 6
sessions, with the 12 level being lateral resistance. The stock broke
above that level on Friday and looks poised to continue the uptrend. The
MACD has crossed over and is diverging to the upside. The RSI is also
pointing up supporting the move. With indicators pointing up, I expect
it to test the 50-day EMA at some point over the next few sessions.
Apple Inc. (NASDAQ:AAPL) closed up $2.62, or more than 2%, on Friday to 112.12. The move broke the stock out of a trading range and above its 20-day exp moving average of $111.84 on decent volume. A move above 112.28 (Friday's high) would confirm the breakout and point next to a target zone of 114.11 to 116.89. Daily technical indicators on chart are turning bullish. The MACD has moved up to touch its signal line in negative territory and RSI is about to cross up the 50% level. These signs indicate that the stock price may go up in coming days/weeks.
Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) Setting up a possible resistance breakout trade. Long over 2.27
The money seems to be flowing into Orexigen Therapeutics, Inc. (NASDAQ:OREX) as indicated by the OBV. With no resistance between $2.84 and $3.35, a break above the 50-day EMA can see the stock trade in the $3 area pretty soon. Have this stock on your watchlist.
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