Got $7? Here’s Four Stocks To Watch

OREX – Orexigen Therapeutics

Expected FDA approval continues to move OREX up the charts along with positive outlooks from many market analysts/commentators. Look for $7.50 break in early morning trading otherwise we could be looking at a possible gap fill at the $6.60 area.

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HZNP – Horizon Pharma

Very tight trading like this hasn’t been seen since early June, before the big breakout to $8.72, could this be the start of another run? Everyone is waiting for the FDA decision in less than 2 weeks. The mounting pressure should see HZNP breakout from here and in our opinion, move up over $10 ahead of the date. Definitely keep your eyes on the news wires here.

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FBR Capital initiates coverage with ‘outperform’ and looks for $6.50+. If there’s a pullback in the morning, it might be a good buyin point, as EMKR recently reached a major milestone with the 100th satellite launch using EMCORE’s solar cells. Resistance at the $5 mark is the point to watch if we see that continued strength tomorrow.

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CSIQ – Canadian Solar

Analyst upgrades, recent good news and a primed chart… is it time for CSIQ to break the $3.84 mark? Double top/double bottom channel breakout? Look for early morning trading to clue us in as there’s some big resistance here, that if broken, could send us back to $4.50+.

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