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

A look at VMware Inc. — Pullback to Prior Resistance

by DAN Articles

VMware Inc. ($VMW) averages are at $93.97 (21 day SMA), $89.11 (50 day SMA), $80.75 (200 day SMA). Over the past 52 weeks VMW has traded from a low of $64.86 to a high of $101.52. VMW was last at $88.80 on a volume of 1,130,370. Average daily volume has been at 2,221,175.

52 Week Range $64.86-$101.52
Market Cap 38,633,956,628
Average Volume 2,221,175
Dividend Yield 0.00%
Institutional Ownership 29.90%
Insider Ownership: 0.30%
Percentage of Float Short 2.80%
Beta 1.29

VMware (VMW) has been trending higher since establishing a low last July at approximately $65, printing higher highs and lows in a wide-ranging channel. Back in September, the stock peaked at $90 before correcting for several months, thus establishing $90 as effective resistance. The recent run-up to $102 broke through that prior resistance level. A central tenet of technical analysis is that resistance, once broken, will often serve as support on subsequent pullbacks.

Technical traders and apply this theory by looking at how VMW trades at current levels. If VMW starts closing back above $90, then we can view $90 as effective support — another higher low in an uptrending stock.

VMWare, Inc., is a provider of virtual infrastructure software solutions from the desktop to the data center. It works with more than 1,300 technology partners, including server, microprocessor, storage, networking and software vendors.

A look at 3D Systems Corp. — Key Support Being Established

by DAN Articles

3D Systems Corp. ($DDD) averages are at $85.97 (21 day SMA), $83.49 (50 day SMA), $59.01 (200 day SMA). Over the past 52 weeks DDD has traded from a low of $27.88 to a high of $97.28. DDD was last at $63.92 on a volume of 35,054,600. Average daily volume has been at 5,007,639.

52 Week Range $27.88-$97.28
Market Cap 6,622,888,536
Average Volume 5,007,639
Dividend Yield 0.00%
Institutional Ownership 54.40%
Insider Ownership: 0.00%
Percentage of Float Short 15.00%
Beta 1.89

3D Systems (DDD) lowered its earnings and revenue guidance this morning, warning of higher research and development spending earlier today. The stock gapped down to the 200-day moving average on heavier than average volume and immediately rebounded off that important moving average. Technical traders can watch today’s intraday low of $54.63 as a reference for establishing a long position, with a stop just below that level.

3D Systems Corporation manufactures & sells 3D content-to-print solutions & 3D printing systems. It offers products such as 3d systems software, scan-to-CAD & inspection software, RapMan & 3DTouch, Cube 3D Printer, production printers & 3Dproparts.

A look at Michael Kors Holdings — too high to buy.

by DAN Articles

Michael Kors Holdings ($KORS) averages are at $79.03 (21 day SMA), $80.41 (50 day SMA), $71.16 (200 day SMA). Over the past 52 weeks KORS has traded from a low of $51.63 to a high of $84.58. KORS was last at $91.00 on a volume of 12,933,900. Average daily volume has been at 3,452,102.

52 Week Range $51.63-$84.58
Market Cap 18,501,477,552
Average Volume 3,452,102
Dividend Yield 0.00%
Institutional Ownership 92.80%
Insider Ownership: 0.00%
Percentage of Float Short 5.90%
Beta 1.72

Michael Kors (KORS) announced excellent earnings results this morning and the stock gapped up nearly 20%. This is well outside the statistical range for this stock — above even 4 standard deviations from the 20-day moving average. The stock peaked at the open and has been selling down a bit. But the stock is surprisingly strong this morning and is not trading as low as you might expect. Still, technical traders might consider selling short and keeping a stop just above the intraday high of $93.18. If the bulls push the stock to a new high, we’ll likely see a lot of short covering and even more buying interest from momentum traders. So a stop above the high would contain the risk.

Michael Kors Holdings Ltd designs, markets and distributes women’s apparel and accessories and men’s apparel. It operates in three business segments namely retail, wholesale and licensing.

A look at Celgene Corporation — Approaching a key inflection point

by DAN Articles

Celgene Corporation ($CELG) averages are at $163.45 (21 day SMA), $164.28 (50 day SMA), $143.69 (200 day SMA). Over the past 52 weeks CELG has traded from a low of $96.78 to a high of $174.66. CELG was last at $151.34 on a volume of 1,005,680. Average daily volume has been at 2,946,868.

52 Week Range $96.78-$174.66
Market Cap 62,210,135,283
Average Volume 2,946,868
Dividend Yield 0.00%
Institutional Ownership 85.30%
Insider Ownership: 0.60%
Percentage of Float Short 1.10%
Beta 0.89

Celgene (CELG) has been in a volatility squeeze along the 50-day moving average for most of January. But that squeeze led to a downward breakout on January 27th. After a break of $160, the stock has continued to sell off but is now approaching the 200-day moving average. Many uptrending stocks will rebound off this long-term moving average when they correct enough to test it.

The current level of the 200-day moving average is $144. Technical traders should watch this level. If CELG trades down to $143 and then begins rebounding, this may turn out to be a good entry, with a protective stop just below the 200-day moving average.

Celgene Corporation is a biopharmaceutical company engaged in the discovery, development and commercialization of innovative therapies designed to treat cancer and immune-inflammatory related diseases.

Life Lock: Protected from today’s sell off (NYSE:LOCK)

by Josh Articles

LifeLock ($LOCK) hit a new 52 week high today. LOCK is at $20.10, down $.31 (1.5%) after printing a new high of $20.94 today. LifeLock has traded in a range from $8.31 to $20.83 over the past 52 weeks. Volume was last at 972,416 with a 50 day average of 1,076,867 shares.

Shares are back at their resistance line formed by connecting prior highs.

52 Week Range $8.31-$20.83
Market Cap 1,842,414,434
Average Volume 1,076,867
Dividend Yield 0.00%
Institutional Ownership 99.50%
Insider Ownership: 0.00%
Percentage of Float Short 4.50%
Beta -1.80

LifeLock LifeLock Inc. is a provider of proactive identity theft protection services for consumers and identity risk assessment and fraud protection services for enterprises.

A look at Amgen Inc — Weekly Walk Along the Upper Channel

by DAN Articles

Amgen Inc ($AMGN) averages are at $118.01 (21 day SMA), $115.46 (50 day SMA), $109.14 (200 day SMA). Over the past 52 weeks AMGN has traded from a low of $82.92 to a high of $124.46. AMGN was last at $121.52 on a volume of 1,025,090. Average daily volume has been at 3,165,492.

52 Week Range $82.92-$124.46
Market Cap 91,581,085,364
Average Volume 3,165,492
Dividend Yield 2.05%
Institutional Ownership 83.50%
Insider Ownership: 0.20%
Percentage of Float Short 1.40%
Beta 0.55

Amgen (AMGN) has been trending higher for more than 2 years, running from $60 up to $120. The stock has been resting since early November but appears to be breaking out again. Last week’s high was $124.46. After a slight retracement from that level, AMGN is setting up to re-test that resistance level. Building a small position now provides a low-risk method of buying a potential breakout stock before it breaks out. With biotech remaining one of the strongest sectors, AMGN looks appealing at this level.

Amgen Inc. is a biotechnology medicines company. It discovers, develops, manufactures and delivers innovative human therapeutics.

A look at Celldex Therapeutics Inc. — New Support Level

by DAN Articles

Celldex Therapeutics Inc. ($CLDX) averages are at $25.84 (21 day SMA), $25.22 (50 day SMA), $21.58 (200 day SMA). Over the past 52 weeks CLDX has traded from a low of $6.90 to a high of $38.84. CLDX was last at $26.99 on a volume of 650,620. Average daily volume has been at 2,219,283.

52 Week Range $6.90-$38.84
Market Cap 2,181,860,160
Average Volume 2,219,283
Dividend Yield 0.00%
Institutional Ownership 86.50%
Insider Ownership: 13.40%
Percentage of Float Short 12.20%
Beta 2.02

Celldex Therapeutics (CLDX) has been in consolidation for the last few months after reaching an extreme bullish move up to $40. The stock has been oscillating on either side of the 50-day moving average but appears to be finding support at that key indicator. The current reading is $25. Technical traders should be keeping an eye on this important level. New long positions could be protected by placing a stop just below support.

Celldex Therapeutics, Inc., is a biopharmaceutical company focused on the development and commercialization of several immunotherapy technologies for the treatment of cancer and other difficult-to-treat diseases.

Talisman Energy Inc.

by Josh Articles

Talisman Energy Inc. ($TLM) is continuing it’s move to the upside, up $.17 (1.47%) today to $11.74 on a volume of 2,785,930 shares. Shares have been printing lower lows and lower highs since October, forming a descending wedge pattern. Shares gapped up yesterday outside of the wedge and are thus far continuing to rise today.

Shares are nearing resistance at $11.80 which served as support in November priory to becoming resistance in December.

52 Week Range $10.34-$13.38
Market Cap 12,169,331,462
Average Volume 4,174,414
Dividend Yield 2.33%
Institutional Ownership 99.40%
Insider Ownership: 0.00%
Percentage of Float Short 0.70%
Beta 1.51

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

Talisman Energy Inc. Talisman Energy Inc., is an oil and gas Company. Its main business activities include exploration, development, production, transportation and marketing of crude oil, natural gas and natural gas liquids.

Qihoo 360: Looking to print new highs (NYSE:QIHU)

by Josh Articles

Qihoo 360 Technology ($QIHU) shares are continuing their uptrend, last at $93.35 on a volume of 2,011,330 shares. Shares look on pace to print a new all time in the near future. Shares are coming up out of a four month consolidation.

The prior high is $96.80 printed last October before falling back into consolidation. The 21 day moving average also looks poised to cross above the 50 day moving average in the next session or two, with the averages sitting at $82.54 an $82.71 respectively.

52 Week Range $27.76-$96.74
Market Cap 11,485,264,283
Average Volume 2,738,723
Dividend Yield 0.00%
Institutional Ownership 45.80%
Insider Ownership: 0.00%
Percentage of Float Short 3.50%
Beta 2.11

Qihoo 360 Technology Co., Ltd. provides high-quality internet and mobile security products in China. Its products and services are supported by its cloud-based security technology.

Kinross Gold: Possible falling wedge reversal (NYSE:KGC)

by Josh Articles

Kinross Gold Corp. ($KGC) was last at $4.80 on a volume of 9,735,800 shares, putting the miner on track for a possible reversal on heavier than average volume.

Shares have been in a falling wedge pattern, which is a bullish reversal pattern. The stock is up $.26 (+5.7%) after trading up through the 50 day moving average. The 200 day moving average is overhead at $5.22 (+8.8%) higher. A test of that key moving average should provide some clarity to traders waiting to see if the mining sector has some legs to run or it’s simply retesting resistance in a downtrend.

52 Week Range $4.23-$9.91
Market Cap 5,465,586,103
Average Volume 9,370,905
Dividend Yield 0.00%
Institutional Ownership 72.90%
Insider Ownership: 0.00%
Percentage of Float Short 0.60%
Beta 0.66

Kinross Gold Corporation is a gold mining company. The Company’s mines and projects are in Brazil, Canada, Chile, Ecuador, Ghana, Mauritania, Russia and the United States.

Cameco Corp: Approaching resistance with respectable momentum (NYSE:CCJ)

by Josh Articles

Cameco Corp. ($CCJ) shares are trading at $22.14 per share on a volume of 1,927,810 shares. Shares closed Monday at $20.08, just above the 200 day moving average and have climbed $2.06 (+10.3%) to their present levels. Resistance is sitting at $22.36 which proved a tough level for shares to break above in 2013.

Technicals trading looking for a bullish back drop will note the shallow pull back, shares are moving up from a higher level then the prior sell off. Also from the technical perspective, shares are resolving a reversal chart pattern known and in inverse head and shoulders. Shares are currently over bought, but may be worth watching in the coming days as the key resistance is tested.

52 Week Range $17.27-$22.87
Market Cap 8,731,994,822
Average Volume 1,585,372
Dividend Yield 1.75%
Institutional Ownership 64.40%
Insider Ownership: 0.00%
Percentage of Float Short 0.80%
Beta 1.75

Cameco Corp. is engaged in the exploration and development, mining, refining, conversion and fabrication of uranium for sale for generating electricity in nuclear power reactors.

Intrepid Potash’s symmetrical triangle resolving (NYSE:IPI)

by Josh Articles

Intrepid Potash ($IPI) was last at $16.35 on a volume of 650,630 up $.70 (+4.5%) here shortly after 2 pm EST. Agriculture stocks are second only to semiconductors which are being lifted by INTC in the today’s price action.

Intrepid is resolving a symmetrical triangle pattern to the upside today, trading up to current resistance at the 200 day simple moving average, currently at $16.36. Should shares break above the 200 day moving average, $17.00 will serve as the next key technical resistance level to watch. The $17 price level was support in 2013 before the breakdown in August. Since then it’s served as resistance.

52 Week Range $10.60-$24.05
Market Cap 1,238,748,365
Average Volume 951,973
Dividend Yield 0.00%
Institutional Ownership 86.70%
Insider Ownership: 0.60%
Percentage of Float Short 13.70%
Beta 1.33

Intrepid Potash, Inc. and its subsidiaries produce muriate of potash, langbeinite and by-products including salt, magnesium chloride and metal recovery salts. The company owns five active potash production facilities three in New Mexico and two in Utah.

(NYSE:BVN) Momentum building in Compania de Minas Buenaventura $BVN

by Josh Articles

Compania de Minas Buenaventura ($BVN) shares are seeing increased momentum as the trading day progresses. Last at $11.91 up $.56 or +4.9% on a volume of 1,524,410 shares.

Shares are approaching the 50 day simple moving average, currently at $12.04. The 200 day is overhead at $14.94, $3.03 (+25.4%) above the current stock price. Shares opened the year on strong volume, closing above the upper edge of the price envelope before resting and retesting the 20 day SMA last week. BVN shares are crossing above the upper edge of the price envelope again today.

52 Week Range $10.54-$35.97
Market Cap 3,018,174,913
Average Volume 2,190,909
Dividend Yield 0.17%
Institutional Ownership 50.70%
Insider Ownership: 0.00%
Percentage of Float Short 1.40%
Beta 0.58

Buenaventura Mining Company Inc. is a precious metal company and is engaged in the exploration, mining and processing of gold, silver and, to a lesser extent, other metals, in Peru.

First Solar: Approaching the 200 Day SMA (NASDAQ:FSLR)

by Josh Articles

First Solar Inc. ($FSLR) is approaching the 200 day simple moving average. First Solar is down $1.11 to $50.85 (-2.14%) on a volume of 1,546,900 shares. The 200 day simple moving average is currently at $47.85, 5.9% below the current share price.

Shares have found support at this key moving average throughout 2013. A retest of this key support level looks imminent and should draw the attention of technical traders looking for a confirmation of support or a possible breakdown below the key average.

52 Week Range $24.46-$65.99
Market Cap 5,042,607,471
Average Volume 4,747,350
Dividend Yield 0.00%
Institutional Ownership 84.40%
Insider Ownership: 0.50%
Percentage of Float Short 10.30%
Beta 2.07

First Solar Inc. First Solar, Inc. designs, manufactures and sells solar electric power modules using a proprietary thin film semiconductor technology. Its business includes project development, engineering, procurement & construction, operating and maintenance services.

Netflix: Continuing the rollover (NASDAQ:NFLX)

by Josh Articles

Netflix Inc. ($NFLX) was last at $331.50, down $5.55 (-1.6%) on a volume of 1,206,500 shares here at the end of the noon hour. Shares closed yesterday’s session at $337.05.

Netflix shares gapped down below the 50 day moving average this Tuesday on heavy volume and have have continued lower this week. The 50 day moving average is well respected medium term trend indicator.

On the options front, implied volatility is ramping up today currently at 58% up from 51% yesterday. Expiration is next week, with earnings the following week, setting a colorful backdrop to derivative speculators.

52 Week Range $95.70-$389.16
Market Cap 19,633,886,211
Average Volume 2,401,449
Dividend Yield 0.00%
Institutional Ownership 88.60%
Insider Ownership: 0.40%
Percentage of Float Short 10.30%
Beta 0.77

Netflix, Inc., is a provider of internet subscription service streaming TV shows and movies. Its subscribers can instantly watch unlimited TV shows and movies streamed over the Internet to their TVs, computers and mobile devices and in the United States.