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Stock Picks of The Day: Auxilium Pharmaceuticals Inc (AUXL) 10-Jan-2011

Jan. 10, 2011 2:08 PM ETAUXL, CNQ
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Hello trader here is our stock picks for today. Thank God I could find one stock pick and one stock to watch although the general markets go down today. Here are the analysis.

Today's stock pick is Auxilium Pharmaceuticals Inc (AUXL). The stock price breaks its wedge resistance and goes up with higher-than-average volume. The 20 days moving average crosses above the 50 days moving average, indicating the stock is bullish and would go up soon. The MACD and slow stochastic also show some bull signs. Then the last, the parabolic SAR starts to appear below today's candlestick, indicating the stock has changed its trend from bearish to bullish.

The stock to watch is Canadian Natural Resources Limited (CNQ) because the stock price goes up today and looks like the stock would go back and penetrate through the bullish price channel pattern. The MACD and slow stochastic also show good signs. So I think the stock price is a buy when the price reach $43.


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