AC Investor Blog

Tuesday, February 09, 2010

Stocks to watch on Wednesday Fev 10

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AIB looks like it wants to make an upside move. If Tuesday’s move was the start, I want to be buyer once it breaks through resistance highs of $3.37. The stock remains in a downtrend contained with the lower Bollinger Band, but appears to be basing as a possible double bottom at $3 may be taking shape. Nevertheless the price action only appears to be cautiously bullish and I would need to see more momentum to be more confident that a turn has taken place. There looks to be good upside in AIB, so keep it on your radar the next few days.

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THQI is coming up to a big level, as the stock is near its 200 day ma. I will be watching this stock closely on Wednesday as I expect to see a strong move once the stock breaks through resistance. A move past $5.94 would be a strong indicator of a further uptrend in the stock. The technical daily chart show a continuation of the uptrend with MACD and RSI in the Bullish areas. THQI is currently setting up in a very nice uptrend channel since December lows. Technically the stock looks solid trading above its 20 and 50 day moving averages. My model is long, targeting 7.46 area.

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ENER has made a new 52-week low at $7.75 a share, closing the day at $7.80. Looking at the daily chart, we can see that the trend is clearly downwards. The MACD is also painting a negative picture with the indicator below its signal line. Not a pretty picture. An aggressive trader may want to short ENER here.

Other Stocks to Watch :

Stocks that have a Bullish Engulfing pattern at the end of their daily chart

TIN - TEMPLE INLAND INC
ATHR - ATHEROS COMMUN INC
VRSK - Verisk Analytics
KMT - KENNAMETAL INC
TX - TERNIUM S.A.
DGX - QUEST DIAGNOSTICS INC
ASAZY - ASSA ABLOY AB
POL - PolyOne Corp
MR - MINDRAY MEDICAL INT
EAD - Evergreen Income Ad
EDMC - Education Management
CMFO - China Marine Food G.

Stocks that have a Bearish Engulfing pattern at the end of their daily chart

XRX - XEROX CORP
NVDA - NVIDIA Corporation
MRK - Merck & Co
WLP - Wellpoint Inc
TAP - ADOLPH COORS CO
AINV - APOLLO INVT CORP
TWTC - Tw Telecom Inc A
CRK - COMSTOCK RESOURCES INC
ELNK - EarthLink, Inc. 8.17
ADS - Alliance Data Syste
AFFX - Affymetrix, Inc.
SIVB - SVB Financial
APKT - Acme Packet Inc
BEC - BECKMAN COULTER INC
DECK - Deckers Outdoor Corporation
AGNC - American Capital Ag
BWEN - Blackfoot Enterprise
INSP - InfoSpace, Inc.
KFRC - kforce.com Inc

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's all Folks !!! Good luck and good trading !!!

AC

Labels: AIB, ENER, THQI

22:58 | Permalink |

Monday, February 08, 2010

Stock Market Ideas for Tuesday - AMAT, CVS, TRN

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Contrary to expectations, TRN ruled weak and also moved closer to the stop-loss level of 14.93. Investors may remain invested with a stop-loss at 14.90 (on closing basis) as the stock appears to have the potential to bounce back to the target zone of 15.96-16.13.

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CVS - The stock failed to close above the resistance level of $34. Hold with a stop-loss at 32.36. Investors who have entered at lower levels may place the stop-loss at 31.04.

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AMAT - Things to focus on technical daily chart is the huge spike in volumn last week. It could have marked the end of the slide and beginning of bottoming. Although both 50 day and 200 day moving averages are falling, the rising KD shows the stock is probably now in recovery mode. A close above $12.33 would impart bullishness and would help the stock move to the 12.75-13.08 band.

That's all Folks !!! Good luck and good trading !!!

AC

Labels: AMAT, CVS, TRN

23:33 | Permalink |

About Me

I am a 35 year old part-time trader who trade stocks in the US market. I started this blog in 2006 simply as a way to share my thoughts on the market.