Canadian Solar(CSI) designs, develops, manufactures and sells solar cell and module products that convert sunlight into electricity for a variety of uses. This stock saw a gigantic spike in volume two days ago at over 4 million shares, vs. the 30-day average volume of 2,605,000 shares. CSIQ is approaching the 50-day moving average ($5.56) and if it can break through that level it could see a run back to $7-$7.50 a share.

Transmeta Corporation (TMTA) develops and licenses computing, microprocessor and semiconductor technologies and related intellectual property. This stock is in an unbelievably strong uptrend. Watch for TMTA to break above around $21 a share for signs of another big move higher.

StemCells (STEM) is a biopharmaceutical company. The Company is engaged in the discovery and development of cell-based therapeutics to treat damage to, or degeneration of, major organ systems. STEM has seen a huge run from around $1.40 to $3.00 after investors jumped in to ride the Geron (GERN) hype. This stock could be now setting up for a big fall and its worth nothing that shares weren't able to get above 3-year resistance at $3.63.

Palm (Palm) is a provider of mobile products. It offers Treo and Centro smartphones, handheld computers and accessories through a network of wireless carriers, as well as retail and business outlets worldwide. Shares of PALM were unable to break above previous resistance at around $9 a share. Watch for this stock to pullback to the 200-day moving average at $5.41 a share.

Nabi Biopharmaceuticals is a biopharmaceutical company focused on the development of products in the areas of nicotine addiction and infectious disease. The stock is approaching the 200-day moving average ($4.23). Watch how the stock acts at this level - if it breaks above the 200-day a run to $4.75-$5.75 is in the cards.