ARQL - Closed @2.31 up .20(9.48%), biotech, 145.26m market cap, 48.36m float

This stock has been up trending since early October after earnings. On Oct. 15 they put out info on drug clinical trials and the stock gained enough momentum to have a multi week break out at the 2.10ish level and then most importantly hold above it. The news didn't seem amazing to me so I'm going to be careful with this one but this stock is now approaching it's 52 week high and it looks to be forming a multi month cup and handle formation. I will look to dip buy off support tomorrow in hopes of it testing its 52 week high and to lower my risk if it doesn't make it through. This is probably going to be my top watch tomorrow. 

 

MNGA - Closed @1.27 up .11(9.48%), Oil & gas, 52.34m Market cap, 24.26m float

http://finance.yahoo.com/news/magnegas-invited-speak-multiple-fortune-120000007.html

http://finance.yahoo.com/news/additional-industrial-gas-supplier-california-130000376.html

This oil and gas company has some hype as they have an upcoming conference with multiple fortune 100 companies that will be in attendance but it does not sound like anything to get excited about. They were invited to speak at this conference so I'm not sure what exactly to make of it. On another note they have begun distributing their magnegas fuel to a major industrial distributor in California, this news alone isn't incredible but the news made the stock spike and hold its gains above 1.25 which looks to be a major support level now. It has a chance at a 52 week breakout at 1.58. I am not a huge fan of energy plays but I will be watching this for another dip buy opportunity. I doubt it breaks through tomorrow but it will be one to watch.

 

I will also be watching PACB and AVXLD as short opportunities, PACB is overextended and AVXLD is a pump, waiting for key levels.

 

These will be my main watches, good luck to everyone!

 

 

 

Too determined to fail