Technical Analysis of This New High Stocks ( BXG, ACRX, HRL, TPCG )

Los Angelas, CA -- (SBWIRE) -- 11/16/2012 -- Bluegreen Corpora (NYSE:BXG) is very active today and traded between $8.70 - 9.67 with total traded volume of 1114551 shares. At a current price of 8.96, BXG is +3.20 - +55.56% from the previous close of $5.76. Moreover, At Current Market Price, BXG is in distance of +46.04% from its 50-day Moving Average price of $6.1353 and +60.50% from its 200-day Moving Average price of $5.5826. Bluegreen Corporation(NYSE:BXG)one of the top gainers in the morning session. The stock increased 54.86% to $8.92.The Company announced third quarter results. Sales of VOIs increased 22.7% to $41.7 million. Income from continuing operations were $12.0 million or $0.38 per diluted share versus $9.7 million, or $0.30 per diluted share in third quarter of 2011. Net income rose was $11.7 million or $0.37 per diluted share compared to net income of $7.1 million or $0.22 per diluted share in the third quarter of 2011. The unrestricted cash and cash equivalents at September 30, 2012 was $100.2 million.

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Shares of AcelRx Pharmaceut (NGM:ACRX) are trading at $3.93 and is +26.85% from its 50-day Moving Average price of $3.0982 and +23.64% from its 200-day Moving Average price of $3.1786. The average trading volume is 74273 shares and its market capitalization is $76.9M. The Company announced that the Company has met the primary endpoint in the Phase 3 non-inferiority study of the sublingual Sufentanil NanoTab PCA System versus IV PCA with morphine. The top line data is expected to be released prior to market opening on November 15, 2012.

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Hormel Foods Corp (NYSE:HRL) is very active today and traded between $30.09 - 30.65 with total traded volume of 1662072 shares. At a current price of 30.61, HRL is +0.35 - +1.16% from the previous close of $30.26. Moreover, At Current Market Price,HRL is in distance of +4.30% from its 50-day Moving Average price of $29.3467 and +5.16% from its 200-day Moving Average price of $29.1078. Hormel Foods (NYSE:HRL) will unveil its latest earnings on Tuesday, November 20, 2012. Hormel Foods produces and markets a variety of meat and food products throughout the United States and internationally. The average analyst estimate is for net income of 49 cents per share, a rise of 14% from the company’s actual earnings for the year-ago quarter. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 6.9% compared to last year’s $1.86.

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TPC Group, Inc. (NCM:TPCG) is +1.81 - +3.94% from the previous close of $45.97. It traded between $47.63 - 47.9999 with total traded volume of 508285 shares. Keep a close eye on TPCG, as the stock has been showing unusual moves over the past weeks. At Current market price, TPCG has recovered +154.01% from its 52-week Low of 18.81 and has Pulled back +0.36% from its 52-week high of 47.61. A small cap manufacturer TPC Group shares up more than 96%, as a number of firms have been bidding for the company. Bloomberg has said that Sandell's fund desired "an auction to allow the previous counter bidder Innospec to weigh a new offer" against SK Capital and First Reserve Corp. TPC blew its earnings quite badly in the quarter, as top and bottom lines were down more than 20% year over year, but that hasn't meant much for the company's stock price. Now in the $45 range, merger arbitrage bulls expect a takeover price that is higher than today's levels; Oppenheimer holds a $49 price target on TPC.

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