Each day we write a few articles covering stocks making key technical developments.

Momentum in favor of BioMarin Pharmaceutical Inc. (NASDAQ:BMRN)

by DAN Articles

BioMarin Pharmaceutical Inc. ($BMRN) is resolving it’s latest consolidation to the updside. BioMarin Pharmaceutical Inc. is up 1.87% at $65.94 on a volume of 1,880,550 shares today.

BioMarin Pharmaceuticals (BMRN) has been in a tight volatility squeeze for the past several weeks. Today the stock closed above the upper Bollinger Band for the first time since it began consolidating in mid-July. Technical traders who like to trade volatility expansions will be watching this stock for a breakout above $67, which is current resistance for this stock.

52 Week Range $36.28-$71.56
Market Cap 9,238,562,671
Average Volume 1,161,352
Dividend Yield 0.00%
Institutional Ownership 0.00%
Insider Ownership: 1.00%
Percentage of Float Short 3.60%
Beta 1.20

BioMarin Pharmaceutical Inc. is above the 50 day moving average and above the 200 day moving average. These are bullish, bullish indicators respectively.

BioMarin Pharmaceutical Inc. Biomarin Pharmaceutical, Inc., develops and commercializes pharmaceuticals for serious diseases and medical conditions.

A look at priceline.com Incorporated — What’s the right price? (NASDAQ:PCLN)

by DAN Articles

priceline.com Incorporated ($PCLN) averages are at $913.20 (21 day SMA), $869.45 (50 day SMA), $731.85 (200 day SMA). Over the past 52 weeks PCLN has traded from a low of $553.97 to a high of $994.98. PCLN was last at $947.00 on a volume of 509,126. Average daily volume has been at 700,367.

Last Friday, Priceline announced some surprisingly strong earnings and issued bullish guidance. The stock gapped up at the open and traded to $995 before pulling back. An obvious price level for selling would be $1,000 (“If PCLN gets up to $1,000, then I’ll sell.”) So when PCLN was unable to push above that key level, it was a clear indication that the stock would pull back.

Current support is between $900-$920. Technical traders should watch that level for signs that the pullback has run its course.

52 Week Range $553.97-$994.98
Market Cap 48,616,500,320
Average Volume 700,367
Dividend Yield 0.00%
Institutional Ownership 0.00%
Insider Ownership: 2.60%
Percentage of Float Short 6.00%
Beta 1.24

Priceline.com, Inc is the online travel Company which offers its customers a range of travel services, including hotel rooms, car rentals, airline tickets, vacation packages, cruises and destination services.

A look at Apple Inc. in the Post-Icahn Tweet Period (NASDAQ:AAPL)

by DAN Articles

Apple Inc. ($AAPL) averages are at $446.86 (21 day SMA), $431.38 (50 day SMA), $464.16 (200 day SMA). Over the past 52 weeks AAPL has traded from a low of $385.10 to a high of $705.07. AAPL was last at $499.78 on a volume of 21,236,700. Average daily volume has been at 11,688,893.

Yesterday, Carl Icahn tweeted that he had a big position in AAPL and that he had a nice conversation with Tim Cook (CEO of AAPL). The stock blasted off almost immediately. This morning, the stock ran through $500 and is currently holding above that level. Technical traders will want to keep an eye on this $500 level. Another level to watch is $470. This is the current level of the 200-day moving average. Any pullback below $500 could fall back and test the 200-day moving average.

52 Week Range $385.10-$705.07
Market Cap 455,565,820,650
Average Volume 11,688,893
Dividend Yield 2.49%
Institutional Ownership 65.80%
Insider Ownership: 0.70%
Percentage of Float Short 2.80%
Beta 1.00

Apple Inc designs, manufactures, and markets personal computers, mobile communication devices, media devices and portable digital music and video players and sells a variety of related software, services, peripherals, and networking solutions.

Silver Wheaton: Testing prior resistance on strong volume in earnings (NYSE:SLW)

by Josh Articles

Silver Wheaton ($SLW ) was last at $25.21 on a volume of 4,669,450 shares, putting Silver Wheaton on track to trade about twice the daily volume. Shares have been trading with an average daily volume of 5,477,095 shares.

Technical traders are watching shares as they are testing prior resistance of $25.00. Shares have been forming an ascending triangle with a top again at the $25 level. Earnings are tonight after the close.

Shares are trading above the 50 day moving average and below the 200 day, currently located at $29.06.

52 Week Range $17.75-$41.30
Market Cap 8,961,741,413
Average Volume 5,477,095
Dividend Yield 1.99%
Institutional Ownership 49.40%
Insider Ownership: 0.00%
Percentage of Float Short 1.20%
Beta 1.63

Silver Wheaton Corporation operates as a silver streaming company.

High volume, large move and low implied volatility for MannKind NASDAQ:MNKD

by Josh Articles

MannKind Corporation ($MNKD) is trading higher on some positive Phase 3 preliminary results for AFREZZA. MannKind Corporation is up 16.76% at $8.01 on a volume of 36,268,700 shares. That’s already 6.10 times the normal daily volume of 7,925,775 shares.

The stock printed a new 52 week high today, trading above the previous high of $8.33. Meanwhile implied volatility came crashing down from over 213% to 97% for those trading options on MannKind.

52 Week Range $1.82-$8.33
Market Cap 2,420,229,204
Average Volume 7,925,775
Dividend Yield 0.00%
Institutional Ownership 16.40%
Insider Ownership: 1.90%
Percentage of Float Short 15.80%
Beta 1.41

MannKind Corporation MannKind Corporation is engaged in the discovery, development, and commercialization of therapeutic products for diabetes and cancer in the United States.

Renren forming a flag pattern as earnings approach (NYSE:RENN)

by Josh Articles

Renren ($RENN) is hitting a new 52 week high today. Over the past 52 weeks RENN has traded from a low of $2.52 to a high of $4.33. We last covered $RENN two weeks ago at 3.32 when it was marking a key technical development, bouncing of the 200 day moving average.

Shares have since traded up 28% and are now forming a flag pattern. After a sharp increase on high volume shares rested and are again climbing aggressive on strong volume. RENN was last at $4.26 on a volume of 8,918,140. Average daily volume has been at 2,635,754.

Earnings are tomorrow after the close.

52 Week Range $2.52-$4.33
Market Cap 1,615,273,207
Average Volume 2,635,754
Dividend Yield 0.00%
Institutional Ownership 2.10%
Insider Ownership: 0.00%
Percentage of Float Short 1.60%
Beta 3.53

Renren Inc is engaged in the operation of social networking internet platform, as well as provision of online advertising services and internet value-added services, including online gaming operations, online talent show and other IVAS, among others.

NYSE:XME S&P Metals & Mining ETF: Testing some key technicals

by Josh Articles

SPDR S&P Metals & Mining ETF ($XME) is testing the downward channel shares have been trading in since March. Shares of the ETF breaking above the prior resistance channel today. Volume has been slightly above average today with 3,733,000 shares traded hear toward the end of the trading day.

The chart is also setting up a very loosely defined inverse head and should pattern as depicted on the chart.

XME shares are currently at $37.34, trading above the 50 day ($35.13), and below the 200 day ($39.74) moving averages.

52 Week Range $31.83-$48.26
Market Cap 537,416,584
Average Volume 3,079,210
Dividend Yield 1.67%
Institutional Ownership 0.00%
Insider Ownership: 0.00%
Percentage of Float Short 18.60%
Beta 1.80

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the metals and mining segment of a U.S. total market composite index. In seeking to track the performance of the S&P Metals & Mining Select Industry Index (the “index”), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the metals and mining industry group of the S&P Total Market Index (“S&P TMI”). The fund is non-diversified.

Thompson Creek Metals: Pattern Resolving (NYSE:TC)

by Josh Articles

Thompson Creek Metals Co. Inc. ($TC) is crossing above the 200 day moving average today. Shares are resolving the symmetrical triangle (coil) chart pattern they have been forming since late April.

Technical traders will look for a test of the 200 day to confirm a new uptrend. Volume has been heavy, with 1.8 million shares already traded here at the noon hour.

52 Week Range $2.25-$4.55
Market Cap 597,537,897
Average Volume 1,461,402
Dividend Yield 0.00%
Institutional Ownership 46.00%
Insider Ownership: 0.00%
Percentage of Float Short 16.20%
Beta 2.73

Thompson Creek Metals Co. Inc. is above the 50 day moving average and above the 200 day moving average. These are bullish, bullish indicators respectively.

Thompson Creek Metals Co. Inc. Thompson Creek Metals Company Inc., is a mining company that mines and processes molybdenum. The Company operates mines, mills, and metallurgical roasting facilities in Canada and the United States.

Newmont Mining: Clearing short term moving average (NYSE:NEM)

by Josh Articles

Newmont Mining Corp. ($NEM) is crossing above the 50 day moving average today. Technical traders view a 50 day moving average as medium term support / resistance. Shares were last at $30.98 on a volume of 5,859,520 shares, above the average volume for midday.

Shares have been in a downward trending channel, shares gapped up to open above the top of the channel and above the 50 day moving average.

Newmont Mining ($NEM) shares are trading below the 200 day moving average currently at $38.20.

52 Week Range $26.43-$57.93
Market Cap 15,262,726,638
Average Volume 9,269,010
Dividend Yield 4.74%
Institutional Ownership 81.10%
Insider Ownership: 0.40%
Percentage of Float Short 4.90%
Beta 0.38

Newmont Mining Corp. Newmont Mining Corporation is engaged in the exploration for and acquisition of gold properties. It is also engaged in the production of copper, mainly through its Batu Hijau operation in Indonesia and Boddington operation in Australia.

Momentum in favor of NuCor Corp.

by DAN Articles

NuCor Corp. ($NUE) is resolving it’s latest consolidation to the updside. NuCor Corp. is up 2.09% at $48.18 on a volume of 1,008,470 shares today.

Nucor (NUE) is breaking out above resistance at $48. During the past year, the stock has tested $48 twice and has failed to punch through. Technical traders will want to watch this stock. If the closes during the next few days are above $48, then the stock may be moving to a new trading range.

52 Week Range $36.86-$48.60
Market Cap 15,374,809,200
Average Volume 1,842,900
Dividend Yield 3.11%
Institutional Ownership 80.20%
Insider Ownership: 0.80%
Percentage of Float Short 3.00%
Beta 1.13

NuCor Corp. is above the 50 day moving average and above the 200 day moving average. These are bullish, bullish indicators respectively.

NuCor Corp. Nucor Corp., and its affiliates are manufacturer of steel and steel products. It also produces direct reduced iron for use in the Company’s steel mills.

Freeport-McMoRan Copper & Gold: Continuing the move (NYSE:FCX)

by Josh Articles

Freeport-McMoRan Copper & Gold ($FCX) is continue the move to the upside. Freeport-McMoRan Copper & Gold is up 3.12% at $31.63 on a volume of 14,417,700 shares. Freeport-McMoRan Copper & Gold continues to trade along the upper edge of the price envelope.

Shares broke above the series of lower highs and higher lows forming a coil pattern yesterday. Shares are continuing that move on heavy volume today.

52 Week Range $26.37-$43.65
Market Cap 30,154,321,708
Average Volume 16,754,252
Dividend Yield 7.30%
Institutional Ownership 75.60%
Insider Ownership: 1.30%
Percentage of Float Short 3.40%
Beta 2.00

Freeport-McMoRan Copper & Gold Freeport-McMoRan Copper & Gold was incorporated under the laws of the state of Delaware on November 10, 1987. The Company deals in the mining of copper, gold and molybdenum.

Rio Tinto PLC Crossing the 200 day (NYSE:RIO)

by Josh Articles

Rio Tinto PLC ADS ($RIO) is resolving the descending broadening wedge pattern, crossing above the 200 day moving average today. The 200 day is a well respected longer term resistance line. A confirming bounce off the the 200 day will further confirm today’s move above the long term resistance.

Shares are trading at $49.16 on a volume of 2,934,980 shares here at the noon hour. This puts RIO on track to trade a twice the average volume today.

52 Week Range $39.14-$60.45
Market Cap 70,097,015,506
Average Volume 3,253,313
Dividend Yield 3.55%
Institutional Ownership 6.20%
Insider Ownership: 0.00%
Percentage of Float Short 0.90%
Beta 1.80

Rio Tinto PLC ADS Rio Tinto PLC is an international mining group that engaged on finding, mining and processing the Earth’s mineral resources. Its main products are Bauxite, Alumina, Copper, Gold, Molybdenum, Silver, Nickel, Diamonds and Rutile.

Finisar Corporation is gapping up on upward guidance

by DAN Articles

Finisar Corporation ($FNSR) gapped up today and is currently up 15.21% today on a volume of 6,790,680 shares.

This morning FNSR gapped up 14% after it announced preliminary Q1 results and guided upward. The current gap is between $20 – $21.30. Stocks tend to fill their gaps if the top of the gap is broken. Technical traders will want to watch $20 as key support for holding this gap.

52 Week Range $10.95-$20.07
Market Cap 2,111,057,715
Average Volume 2,324,407
Dividend Yield 0.00%
Institutional Ownership 0.00%
Insider Ownership: 2.90%
Percentage of Float Short 10.00%
Beta 2.70

Finisar Corporation is above the 50 day moving average and above the 200 day moving average. These are bullish, bullish indicators respectively.

Finisar Corporation Finisar Corporation is a provider of optical subsystems and components that are used in data communication and telecommunication applications.

Momentum in Fidelity Natl Information Services (NYSE:FIS)

by Josh Articles

Fidelity Natl Information Services ($FIS) is resolving it’s latest trading range to the upside. Fidelity Natl Information Services is up 1.24% at $46.39 on a volume of 1,179,520 shares today. Shares have been range bound this summer and are breaking above prior resistance of $46 today.

Technical traders will look for a bounce off of $46 to confirm that prior resistance is now new support.

52 Week Range $30.71-$46.26
Market Cap 13,580,040,282
Average Volume 1,517,194
Dividend Yield 1.92%
Institutional Ownership 87.70%
Insider Ownership: 1.40%
Percentage of Float Short 1.10%
Beta 0.66

Fidelity Natl Information Services is above the 50 day moving average and above the 200 day moving average providing a bullish backdrop for shares.

Fidelity Natl Information Services Fidelity National Information Services, Inc. is a provider of technology solutions, processing services and information-based services to the financial services industry.

A look at Tesla Motors before Q2 earnings are released.

by DAN Articles

Tesla Motors Inc. ($TSLA) averages are at $127.52 (21 day SMA), $113.94 (50 day SMA), $59.39 (200 day SMA). Over the past 52 weeks TSLA has traded from a low of $26.86 to a high of $145.73. TSLA was last at $135.28 on a volume of 12,103,400. Average daily volume has been at 10,308,646.

Tesla is due to announce earnings after the bell. Current support is down at the 50-day moving average — now at $114.42. If TSLA hits that key moving average, it will be the first time it has done so since April, when the stock was in consolidation below $40.

52 Week Range $26.86-$145.73
Market Cap 15,553,393,824
Average Volume 10,308,646
Dividend Yield 0.00%
Institutional Ownership 75.10%
Insider Ownership: 0.40%
Percentage of Float Short 16.00%
Beta 0.65

Tesla Motors,Inc., designs, develops, manufactures and sells high-performance fully electric vehicles and advanced electric vehicle powertrain components.