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Saturday, May 31, 2008 

Hot stocks for next week - COMS, HOLX, SPWR, SOLF, AAPL, RFMD

Chart courtesy of stockcharts ( click to enlarge )

RFMD - The stock broke consolidation resistance with heavy volume. The technical chart shows buyers are back. With the surge today K line is again on top over D line showing the stock is back to new rally. This is what strong stocks generally do in a rebound : break resistance, hold the breakout and continue higher. A move towards $5 can be expected as long as $4 holds. I would like to see at least a move above $4.28 before betting on a pull back.

Chart courtesy of stockcharts ( click to enlarge )

AAPL is getting a battle with resistance at $190. The stock has been consildating for weeks now, and may be ready to clear this base. The Technical chart shows positive sign as the stock has been above 200-day moving average since mid April and has formed golden cross earlier May. Golden cross is when 50 day MA cross on top over 200 MA and is a very bullish buy signal.

Chart courtesy of stockcharts ( click to enlarge )

SOLF breakout !!! The triangle represents a consolidation or rest after an advance. The breakout signals a continuation of the prior advance. Even though I find the breakout bullish, I also find Solar stocks a bit overextended. As long as $21 holds, this breakout is in great shape. A move below $20.80 would question the breakout and further weakness below $20.03 would be outright bearish.

Chart courtesy of stockcharts ( click to enlarge )

SPWR - The daily chart shows possible new rally as K line has crossed on top over D line while ROC is still at oversold level. However it is better to wait and see if the stock can break above 50 day moving average.

Chart courtesy of stockcharts ( click to enlarge )

HOLX - Looking very good but the stock might consolidate in short term.

Chart courtesy of stockcharts ( click to enlarge )

COMS - 3Com Corp is firming just above key support at $2.51 and a triangle has taken shape over the last few weeks. This is a neutral pattern dependent on a break to establish a directional bias. A break below $2.39 would signal a decline and be quite bearish, on the other hans a breakout at $2.60 would be bullish.

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. Have a great weekend !!!

AC

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00:15 | |

Friday, May 30, 2008 

AC Investor Blog is in a Bullish Trend

Here is the chart provided by SiteMeter describing the overall Statistics of AC Investor Blog over the past 12 months . If you're Interested in advertise on AC Investor Blog, send an email to antonio.mrcosta@gmail.com with your offer or use the forms within the site.

Once again, thanks to all my readers for making this site such a success !!! I will try to be a better blogger in the second half of 2008.

AC

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23:26 | |

Thursday, May 29, 2008 

Stock Picks and Trade Ideas for Friday - JDSU, FSLR, MA, LDK, CLMT

Chart courtesy of stockcharts ( click to enlarge )

CLMT is starting to show signs of accumulation with high upside days and low downside days, watch $16 for a breakout. Inside trading is very active.

Chart courtesy of stockcharts ( click to enlarge )

LDK has soared in recent months. The stock is pulling back to the breakout area. Watch to see how it reacts to the ascending wedge. The %K line cross below the %D line, a bearish signal in short term.

Chart courtesy of stockcharts ( click to enlarge )

MA had a nice breakout today.

Chart courtesy of stockcharts ( click to enlarge )

FSLR - The stock broke support at $261.12 and broke below its 50-day moving average. Next support is at $236.57.

Chart courtesy of stockcharts ( click to enlarge )

JDSU has been consolidating and looks like it wants to test resistance at $12.10.


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. Have a great day !!!

AC

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21:32 | |

Wednesday, May 28, 2008 

Stock Picks and Trade Ideas for Thursday - ITWO, UBB, JOYG, RIMM, ESLR

Chart courtesy of stockcharts ( click to enlarge )

My new big pick is ESLR. Evergreen Solar, Inc. develops, manufactures, and markets solar power products primarily in Europe and the United States. It utilizes its proprietary ?String Ribbon' technology process in manufacturing ribbons of crystalline silicon, which are then cut into wafers. These wafers are the primary components of photovoltaic cells that are used to produce solar panels. The company principally offers solar wafer, a flat piece of crystalline silicon that can be processed and assembled into a solar cell; solar cell, a device made from a silicon wafer that converts sunlight into electricity; and solar panel, an assembly of solar cells that are electrically interconnected and laminated for electric power generation, such as on-grid and off-grid generation. Evergreen sells its products through distributors, systems integrators, and value-added resellers. It has a strategic partnership with Q-Cells AG. The company was founded in 1994 and is headquartered in Marlboro, Massachusetts. Looking at the daily chart of the company, the stock has been consolidating in a flag Bullish pattern, which was broken today. Currently brokers are recommending this stock, with five "strong buys", eight "buys", eleven "holds", one "underperform" and just one "sell". Early in the morning, Kaufman Bros. initiated ESLR with a BUY and a price target of $18, citing that Evergreen Solar is well positioned to take advantage of a decline in raw material costs because it makes its own wafers on its own equipment. Over the past 52 weeks, the stock has traded between $7.52 and $18.85. ESLR remains strong and a break above $12.12 would be Bullish. In addition KD line shows positive signal as K line is rising on top over D line and MACD is above the sell line. Honestly, speaking ESLR is one of my favourite stocks in the solar sector. Keep an eye on it !!!!

Chart courtesy of stockcharts ( click to enlarge )

RIMM has held up better than the other stocks and bounced off suport with expanding volume. The daily chart shows the stock is on a strong bull market as the stock is trading above 50 day and 200 day moving with both moving average pointing upwards. Other indicators such as KD line also show buy signal as K line has crossed on top over D line.

Chart courtesy of stockcharts ( click to enlarge )

JOYG will push through resistance at $77.97 ( 20-day moving average ) if Nasdaq makes a move up.

Chart courtesy of stockcharts ( click to enlarge )

UBB is consolidating between $140 and $150 and today upside volume was above average last week. Watch $151 for a Breakout.

Chart courtesy of stockcharts ( click to enlarge )

ITWO - The stock broke symmetrical triangle resistance with a long white candlestick today. This is a bullish pattern and a move above $11.50 would provide confirmation. Let's keep an eye on her.

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. Have a great day !!!

AC

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21:29 | |

Tuesday, May 27, 2008 

Stock Picks and Trade Ideas for Wednesday - EOC, FLO, SYNO, ULTI, RFMD

Chart courtesy of stockcharts ( click to enlarge )

RFMD gave us a small move, which could be the start of a bigger move. If RFMD can break through Thursday’s high of $3.80, we should see a strong follow through move. This move would break the short-term downtrend, and should drive the stock back towards highs. Keep watching RFMD for a bigger move soon.

Chart courtesy of stockcharts ( click to enlarge )

ULTI looks good as it breaks to new highs. Looking at the daily chart above, it shows very strong upward momentum as the stock is above the 50 day moving average with both 20 day and 50 day moving average going up. In addition KD and MACD also show very bullish signs.

Chart courtesy of stockcharts ( click to enlarge )

SYNO - Currently building base for the next up move. The stock closed again near its 200-day moving average. SYNO looks like it is about to breakout if it can clear the 200 dma at $18.44.

Chart courtesy of stockcharts ( click to enlarge )

FLO is breaking out, as the stock closed up $1 on Friday.The stock broke through the highs set on Thursday, and should continue to move.I'm buyer of FLO once it breaks through today’s high of $29.88 for the continuation move.FLO will move very quickly, so watch it closely on Wednesday.

Chart courtesy of stockcharts ( click to enlarge )

EOC cleared resistance on heavy volume and looks ready to extend it's gains.

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. Have a great day !!!

AC

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21:23 | |

Sunday, May 25, 2008 

Stock Picks and Trade Ideas for Next week - ISRG, ESLR, CSCO, RFMD, AMD , PFE

Chart courtesy of stockcharts ( click to enlarge )

PFE - This stock looks bullish via the Bullish falling wedge. However, a buy signal has not yet been generated for Pfizer, which will not occur until it breaks out of the falling wedge pattern. I would not go long this stock before it gives a true buy signal because it still has room to fall to the bottom of the wedge. The entry strategy is to buy this stock for a long-term trade once it finally breaks out of the falling wedge pattern. Let's keep an eye on her.

Chart courtesy of stockcharts ( click to enlarge )

AMD found pretty good support on the rising 20 sma, however MACD is looking bearish as the fast line has crossed below the slow line on a daily chart, indicating a sell.

Chart courtesy of stockcharts ( click to enlarge )

It's looking like a bullish flag or pennant is developing on RFMD. That bullish flag may be the precursor for another big upswing to $4.28 .Keep an eye on the volume. If the volume keeps dropping or continues to be very light, this shows consolidation and could signal another big move up. Let's keep an eye on her.

Chart courtesy of stockcharts ( click to enlarge )

CSCO is a stock that looks weak here. Watch to see if it fails at the 50-day moving average.

Chart courtesy of stockcharts ( click to enlarge )

ESLR - The bulls have no reason to be alarmed yet. In fact, they may have a reason to celebrate, the stock closed the week above its 200-day moving average, a strong Bullish signal for next week. As such, I remain bullish here. Only a break under that support line would convince me to be bearish, but the latest news was really good to believe in a bright future for Evergreen.

Chart courtesy of stockcharts ( click to enlarge )

ISRG - Intuitive Surgical was added to the S&P 500. The stock looks like it is holding support. On tuesday keep an eye on her.

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. Have a great weekend !!!

AC

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22:48 | |

 

Statistics of AC Investor Blog over week 21 ( from 5/17 to 5/23 )

Here is the chart provided by SiteMeter describing the overall Statistics of AC Investor Blog over the week 21 . If you're Interested in advertise on AC Investor Blog, send an email to antonio.mrcosta@gmail.com with your offer or use the forms within the site.

If you're an advertiser, here is the reason that I can give you to advertise in my space.

Google Page Rank 3
400 unique visitors per day ( confirm with the chart statistics )
700+ page views per day ( confirm with the chart statistics )
Linked at some of the best financial blogs and sites worldwide

Active and up to date content
Some statistics of blog during the week 21
Posts: 10
Total Visitors : 2780
Total Page Loads : 4664
Most traffic from: USA, Portugal , UK, Singapore, Canada

Enjoy your weekend !!!!

AC

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22:45 | |

Friday, May 23, 2008 

Who is making money with the recent rally on Crude?

Speculators and the oil-exporting countries……..Oil prices rose above $130 a barrel for the first time Wednesday. It becomes obvious that there are a lot of people making fortunes with the current prices of Oil, deteriorating at the same time the life of many others, consequently the economical environment. The systematic increase in Crude Oil, has been recently fuelled by some investments houses that are using the recent escalate of prices to satisfy its own interests, this is real and obvious. I don't like to mention here names of who are behind this game, but the tips are on the table if you check the latest upgrades on Oil over the past week, you will find all of them. They are the speculators that are making fortunes, forcing the crude price to levels they want. Oil prices also rose because the dollar weakened against the Euro, prompting investors to buy commodities as a hedge against the currency's decline. Saudi Arabia has agreed to increase production in 300.000 a day to help lower prices, but in fact this news had no impact. All across the board oil demand has declined at an average month rate of 2% to 3% worldwide, new energy sources are now being developed, the car industry itself has shifted towards a cleaner energy like hybrid cars, sales alone in the US has increased over 50%, there is now a waiting list of more than one month for the Toyota Pirus, in the US alone.......but nothing stops the speculation of the decade.....I lost the train on crude Oil, because prices are currently well manipulated..........

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09:57 | |

 

Stock Picks and Trade Ideas for Friday - POT ,MOS, STP, ESLR

Chart courtesy of stockcharts ( click to enlarge )

ESLR was one of the stronger stocks today. Evergreen Solar rises sharply on Thursday as the solar panel maker announced $1 billion in contracts after a challenging start-up of its new factory north of Boston.The news brought out bullish players in the options market, who bought June call options at a $12.50 strike price (that's out of the money), betting that the stock will continue to rise. Analysts expect Evergreen Solar to report about $122 million in revenue this year, $394 million in 2009 and $685 million in 2010, according to a survey of FactSet Research. The stock attempted a breakout today but pulled back with the markets in the afternoon. But looking closely at the volume on today session, I suspect that these contracts attracted a large number of investors, more than 47 million of shares were traded. The technical chart is showing that the stock is on a bounce back rally after it lost more than 50% of it value. RSI is turning up and is now at 60 level. Then the MACD indicator is rising above 0 also indicating a buy, and KD line still show the stock is on the positive swing. In my opinion, this stock has been undervalued relative to the sector, and I believe we're going to see a lot more of these large contracts globally for ESLR.

Additional note : S&P on Thursday reiterated its buy rating on Evergreen Solar. S&P said the move more than doubles Evergreen Solar's previous backlog of approximately $850 million. "We think this added scale will benefit Evergreen Solar and also provide needed diversity to its customer base," S&P said in a note to clients.

Chart courtesy of stockcharts ( click to enlarge )

STP - Suntech Power Holdings Co Ltd reported better then expected earnings, but failed to break its at $50.42 ( 200 day-moving average ). This would be a good opportunity to add position. A potential re-entry would be on take-out of high at $50. It looks well supported at $42.50 - the last swing target, which was taken out decisively early on Apr 08 and now serves as the support. The resistance now is at $51.75 which if taken out could lead to more gains. We need to see what happen to project the next swing target. Let's keep an eye on her.

Chart courtesy of stockcharts ( click to enlarge )

MOS has more resistance above then support below. I am watching to see if it breaks lower here ( 50-day moving average ) or if it will attempt to make a push to the $132 area again.

Chart courtesy of stockcharts ( click to enlarge )

POT - The stock is holding above the 20-day moving average at $196.48. Short-term investors can hold the stock as long as it trades above this support. Any close below $196 would indicate that this current rally may be near the end.

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. Have a great day !!!

AC

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09:18 | |

Wednesday, May 21, 2008 

Stock Picks and Trade Ideas for Thursday - BIDU, CLMT, DAR, MCBI

Chart courtesy of stockcharts ( click to enlarge )

CLMT - This stock has made a very strong vertical move over the last three sessions. The Inside trading is very active, as table below shows. The short-term target is difficult to judge, the stock has made a major breakout in the last two sessions. The long-term target in my opinion is 20-plus. The technical daily chart shows very positive sign as MACD is back above 0 again with stock also back above 20 day moving average. In addition with KD still rising we should see more upside of this stock.

The Inside trading has been amazing over the last days, it suggests that something is going on....

Chart courtesy of stockcharts ( click to enlarge )

BIDU - This stock crossed tits 20-day moving average, generally a bearish signal. It has a good base at $340 which can be used as a stop loss for long position.

Chart courtesy of stockcharts ( click to enlarge )

DAR has formed a nice uptrend channel since December. However everytime it hits the top channel line there is a major correction. DAR now trading at $14.43 has good support at $14 ( bottom of the channel ) but any close below this level could have further negative implications for the stock, and a move to $13.41 cannot be ruled..

Chart courtesy of stockcharts ( click to enlarge )

MCBI - Metrocorp may be forming a descending triangle pattern on the daily bar chart. These triangles are usually bearish. A bearish downside "breakout" from the descending triangle pattern on the daily chart would occur on a solid price move below technical support at the base of the triangle pattern, located at $12. Let's keep an eye on her.

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. Have a great day !!!

AC

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22:14 | |

 

Stock Picks and Trade Ideas for Wednesday - ILMN, AAPL, SWN, NVDA

Chart courtesy of stockcharts ( click to enlarge )

The price of this stock pulled back from $25.31 and created a perfect opportunities for investors to buy ! Volume declined on the pullback which is positive. The daily chart show a continuation of the trend with MACD and RSI in the Bullish areas. I believe this stock can run higher from here.

Chart courtesy of stockcharts ( click to enlarge )

Southwestern Energy (SWN) looks like its trading in an upward channel here. The immediate support is at $45.43. Technically the stock is in a strong bull market with 50 day moving average on top over 200 day moving average and with K line again on top of D line. I think the stock should continue to go up.

Chart courtesy of stockcharts ( click to enlarge )

AAPL- The 20-day moving average still acting as a support. If the stock can hold the support around $180.87 we may see another short rally to $192. Let's keep an eye on AAPL.

Chart courtesy of stockcharts ( click to enlarge )

ILMN is technically in uptrend. But looking at the chart above is hard to intepret the next possible move. Furthermore, it is moving really slow. Entry point would be on the day it blows through $80 on heavy volume.

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. Have a great day !!!

AC

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09:49 | |

Monday, May 19, 2008 

Stock Picks and Trade Ideas for Tuesday - PWAV, COMS, NVDA, BRO, FSLR

Chart courtesy of stockcharts ( click to enlarge )

FSLR - The stock will retract to the $287.65 level and try to establish support there. If support holds, then it'll advance again to a new high, but if support fails, then the next level of support is at $260. Any fall below $279 will ring my alarm bells and a break below $260 would signal a definite reversal.

Chart courtesy of stockcharts ( click to enlarge )

BRO pulled back to double support at the previous breakout area. They had a nice move last week confirming support. Let's keep an eye on her, because looks like it will make a run.

Chart courtesy of stockcharts ( click to enlarge )

NVDA - The stock might pull back to test the breakout. If that occurs, look for support right around $23. But if that support level fails to hold, then the next level of support is $22.

Chart courtesy of stockcharts ( click to enlarge )

COMS - The 20 day moving average is showing a positive gradient and is rising since middle of Apr. This is a bullish sign. In addition, the Bollinger is showing a slightly upward channel.

Chart courtesy of stockcharts ( click to enlarge )

PWAV - The stock is showing signs of exhaustion. Latest candle is not a good signal for Bulls ( Doji ). This speaks of a market in transition and a stock that isn’t quite sure of its direction. Further, a doji candle does warn that we could see a change in direction of the stock. In addition, the %K line has crossed below %D, giving a sell signal. The %K line has also turned down and that means PWAV is losing positive momentum or the up trend is coming to an end. Stay tuned on her.

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. Have a nice evening !!!

AC

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21:36 | |

Saturday, May 17, 2008 

Stock Picks and Trade Ideas for the week ahead - QXM,JDSU, TRN, BMC, COMS

Hello Friends, I know that many of you are a little resilient about the state of the market, but it becomes obvious we're not in a deep recession as many have predicted. Even with the recent contraction in some sectors, people continue to spend and companies overall reported good earnings. I still believe that we'll see during this year Dowjones hits new highs even with the current high price of Oil, it will be difficult but it's a question of time. No matter what experts are saying, no matter what crude is doing, we just need to focus our attention in the way of the markets is following. Recent rallies in the markets don't seem a Bear Market rally, really doesn't seems to me, it seemed to me something different. Frankly, this could be the start of a new leg up to new highs. Time will tell and I hope have reason. So, concentrate your attention just in what the market is doing and not what Mr. xxxx or other respectable persons on TV and newspapers are saying. It seems that markets are now strong and the US economy may be in the start of a new era of growing, it's my feeling nothing more. People are now more receptive to the bad news, and when this happen "bad news are good news and good news are extremely good news". Earnings are better than expected, and mergers and acquisitions are still taking place. The environment remains positive and the stock market is offering opportunities. Play what you're seeing and not what they are saying.

Chart courtesy of stockcharts ( click to enlarge )

COMS continues to consolidate in a tight range, as the stock nears resistance. What makes this stock interesting is that the range continues to shrink as the stock hold up near the top of the range. This stock is poised for a move, and we are going to be there when it happens. I suspect that it will explode to the upside. In addition, Inside trading has been very active over the last month. They are buying now after pausing years. Check the table below.


Chart courtesy of stockcharts ( click to enlarge )

BMC - Chart looks great. I love gap ups as everyone knows. I believe that this stock will be trading above $40 in the next 30 days. If not, then it should come down to $37 where I will back up the truck like Cramer would say. Lets keep an eye on her.

Chart courtesy of stockcharts ( click to enlarge )

TRN up again with heavy volume, however this stock is too extended for additional positions. If you're a disciplined trader, wait a pull back ( pause) to decide. A good entry point for a long position would be around $35.

Chart courtesy of stockcharts ( click to enlarge )

JDSU - On Thursday company announced that its Board of Directors has authorized a program to repurchase up to $200 million of the Company's common stock through open market or private transactions during a two year period. This company currently has approximately $1 billion of cash on its balance sheet and has a market capitalization of 2.6 Billion, so from my point of view the current stock price seems a good bargain for the long term.

Chart courtesy of stockcharts ( click to enlarge )

QXM - The stock broke resistance but had very little follow through. The stock ran up to $7.7 and pulled right back down to $7.52. Long above $7.56 on a close basis.

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. Have a nice weekend !!!

AC

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00:10 | |

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  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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