KNXA, FIO, NMM, VPRT, CBST Among Charts to Watch

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It was kind of a difficult trading day on Wall Street on Tuesday. It was a rather sloppy session and kind of a consolidation day. We’ll see if the market wants to press further or whether they will top at this area short-term.

Kenexa Corp. (KNXA) popped across the declining trend line, 20-day moving average, and crossed the 50 as well to close up 2.00 to 29.36, or 11.7%, on 785,000 shares traded on Tuesday. There may still be more upside to this stock that gets it to the 22 – 23 zone short-term.

Fusion-io Inc. (FIO) is a fairly new issue. It came down, and then broke out across the declining topsline and surged last week. On Tuesday it crossed a second declining topsline and the 50-day, up 1.95 to 29.10, at 8 1/2%, on 1 million shares traded. It backed off at secondary resistance, and closed back down, but was still above it. Any pullback here on low volume is a potential bottoming-like pattern, and an opportunity to get in. So resistance right now is at 26 1/2, and the second move could be around 32, and the longer-term target is around 37 1/2.

Navios Maritime Partners L.P. (NMM) is another shipping stock. It broke out above the 25-day and 50-day on Monday, up 1.09 to 15.58, or 7.5%, on 302,000 shares traded, and is up against the declining price resistance. It could get a pullback, but a move through here could take it quickly into the 17 – 18 zone.

Vistaprint N.V. (VPRT) had a significant breakout with a big down gap in July, then tried a reversal attempt last week that took it back up to 1.39 at 31.83, or 31%, on 1.2 million on Tuesday. The support line was taken out to raise above the 50-day, and the moving average is turning around. This could be significant. Look for a move to get into the high 30s on VPRT.

Cubist Pharmaceuticals Inc. (CBST) was up 47 cents to 37.51, or 1.27%, on1.5 million shares traded on Tuesday. It stuck its head above resistance at 39 – 39 1/4, and if that’s taken out, then something in the low 40s may be had.

Other stocks in our Charts for the Day are Clean Diesel Technologies Inc. (CDTI), Kenexa Corp. (KNXA), Synergetics USA, Inc. (SURG), Fusion-io Inc. (FIO), Genco Shipping & Trading Ltd. (GNK), MELA Sciences, Inc. (MELA), Navios Maritime Partners L.P. (NMM), Stamps.com Inc. (STMP), Transcept Pharmaceuticals, Inc. (TSPT), Merge Healthcare Incorporated. (MRGE), Silicon Motion Technology Corp. (SIMO), MAKO Surgical Corp. (MAKO), Alexion Pharmaceuticals, Inc. (ALXN), Jazz Pharmaceuticals, Inc. (JAZZ), Celgene Corporation (CELG), Yahoo! Inc. (YHOO), Mitek Systems Inc. (MITK).