DNDN, ACOM, PLXS, SCSS - Stock Charts - Harry Boxer, TheTechTrader.com

1/05/12 - It was a really nice comeback session on Thursday for the stocks with early losses. They came back to close in the green for the NDX and S&P 500, but not for the Dow, which was down only a couple points. There were some really good stocks on Thursday, so we're going to take a look at those. http://www.TheTechTrader.com

Dendreon Corp. (DNDN) reported higher-than-expected fourth-quarter revenue from its Provenge prostate-cancer drug, and the news sent its shares up as high as 54% on Thursday. It jumped 3.02, or 40%, on a whopping 46 million shares. It gapped up, went from about 9.00 to 11.74, and pulled back down, closing at 10.62. That could have been a key breakout on Thursday. The declining topsline was taken out, and the lateral price, double-top was taken out on the opening gap practically. This stock closed very well at the upper end of the range, even though it was a point from the high. There may be some more upside to this stock. Look for it to test the gap up in the 13-14 zone short-term. http://www.TheTechTrader.com


Ancestry.com, Inc. (ACOM) also had a big day after basing out October, November, and all through December. It popped on Thursday on solid earnings report, up 4.60 to 27.47, or 20%, on nearly 4 million shares. This stock broke out above the double line of resistance, and it looks like there's a little resistance above it in the 30-range, which is the short-term target. Secondary target is up around the mid-30 range. http://www.TheTechTrader.com

Plexus Corp. (PLXS) had a great day on Thursday, up 2.70 to 30.29, or 9.8%, on 759,000 shares. That's the biggest volume in a couple months. The key is that the neckline of the head-and-shoulder type pattern was broken on Thursday, and it looks like it's headed to the mid-30's. http://www.TheTechTrader.com

Select Comfort Corporation (SCSS) is one of our Top 25 stocks, and continues to act well. This stock popped two days ago, backed off on Wednesday, and came on again on Thursday, up 1.11 to 23.38, or 5%, on 1.2 million shares. It looks like it's going to head toward the 27 - 27 1/2 range short-term. http://www.TheTechTrader.com

Other stocks in our Charts for the Day are Dex One Corporation (DEXO), Adeona Pharmaceuticals, Inc. Co (AEN), USG Corporation Common Stock (USG), SandRidge Energy, Inc. (SD), Select Comfort Pier 1 Imports, Inc. (PIR), Silicon Motion Technology Corp. (SIMO), Magnum Hunter Resources Corp. (MHR), Nuance Communications, Inc. (NUAN), Endeavour International Corporation (END), Kodiak Oil & Gas Corp. (KOG). http://www.TheTechTrader.com

Harry's Charts of the Day, published each evening Monday through Thursday, features Harry Boxer's video technical analysis on a stock in play. To learn which stocks Harry is trading or discussing intraday, sign up for a Free 15-Day Trial to his Technical Trading Diary -- which includes both day trades and swing/intermediate-term stock picks. http://www.TheTechTrader.com

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