AC Investor Blog: 06/01/2009

Stocks to watch Wednesday- Optimer Pharmaceuticals and RehabCare Group

Chart courtesy of www.stockcharts.com ( click to enlarge )

OPTR broke out today on a nice volume. If this chart does what is supposed to do, it will be going higher in the days to come. Technically, the stock is in a strong Bull Market with share price above 20, 50 and 200 daily moving averages. Let's see if tomorrow the stock will confirm the breakout. Short-term investors can buy with a stop at $14 and long-term investors can hold with a stop at $13.18. Let's keep an eye on her as i think momentum will pick up.

Chart courtesy of www.stockcharts.com ( click to enlarge )

RHB recorded a new high in the last trading session. Short-term outlook for the stock is bullish. If in the next sessions new highs don't happen, I expect to see a decline due to the overbought conditions. On contrary, new fresh exposures on RHB should be made only when the stock move above 24.52. Stay tuned !!

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. See you tomorrow !!!

AC

Labels: OPTR, RHB

22:44 | Permalink |

Stocks to watch Tuesday - Blockbuster and Rambus

Chart courtesy of www.stockcharts.com ( click to enlarge )

RMBS - On the daily chart, the stock is still facing resistance around 16.20. It seems to be forming a short ascending triangle, with support at 15.32 and resistance at 16.20. Considering the volume decrease in this move, I’m now in doubt if this is a valid pattern. I am more inclined to consider this as a bearish move that may break the support. If the resistance is broken, we can expect a target price of 16.92, which is also the 13-day moving average line. But on the other hand, there is also a possibility of break down. Cut loss immediately if 15.32 is broken.

Chart courtesy of www.stockcharts.com ( click to enlarge )

BBI - Blockbuster was a winner today. The stock rose $0.05, or 8 percent, to $0.67. BBI has had a bearish move recently. The downward price movement is not accompanied by volume, which suggests that people are still holding the stock. Currently price is now at 0.67 level and based on KD indicator we might see an upward move for this stock again. The short-term targets are 0.7, 0.76 and then 0.81. Short-term support is at 0.62.

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. See you on Tuesday !!!

AC

Labels: BBI, RMBS

21:54 | Permalink |

Stocks to watch next week - The Pep Boys , Expedia and Vertex Pharmaceuticals

Chart courtesy of www.stockcharts.com ( click to enlarge )

VRTX broke out this week on pretty good volume. If this chart does what is supposed to do, it will be going higher in the weeks to come. At the moment, I'm buyer only once it breaks through Friday’s high of $36.20 for the continuation move. Stochastics and the RSI are overbought but remain bullish signaling. Technically, the stock is in a strong Bull Market with share price above 20 dma, 50 dma and 200 daily moving average. Keep it on the radar.

Chart courtesy of www.stockcharts.com ( click to enlarge )

Expedia shares continue to channel down and only a move past $16.05 would impart a positive trend. The major resistance is at this level, followed by $17.65. The support is at $14.82. Some indicators are improving but it needs to breakout above the $16.05 resistance to confirm the change in trend.

Chart courtesy of www.stockcharts.com ( click to enlarge )

PBY recorded a new high in the last trading session. The stock topped at 10.4 and closed at 10.17, up 0.48 cents (+5%) on volume of 1.53 M, above the average . The technical daily chart show a continuation of the trend with MACD and RSI in the Bullish areas. Let's see if next week the stock will confirm the breakout. For the long term the stock should still continue to go up.

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. See you on Monday !!! Have a nice weekend !!!

AC

Labels: EXPE, PBY, VRTX

15:09 | Permalink |

AC Investor Blog recorded the best week's traffic ever

Ladies and gentlemen, this week the blog recorded the best week's traffic since was launched. More than 7339 people visited the blog during the last week. That is an awesome result for a financial blog like this one, and obviously this motivates me to continue posting more and more great stuff. If you like this blog, please leave a comment.

Thanks again for all the support.

AC

Labels: Statistics

23:44 | Permalink |

3 Stock Picks for Friday - Sirius XM Radio, Capstone Turbine Corp and CAI International Inc

Chart courtesy of www.stockcharts.com ( click to enlarge )

SIRI - Shares of Sirius XM Radio, surged for the fifth day in a row on Thursday by adding 15% or 0.06 cents to $0.455 per share. A closer look at the daily chart it displays a downtrend line broken to the upside with huge volume. From here we can expect a run to the $0.555 area and from there we could see an explosive upsurge to $0.631 and better. The MACD indicator is now above its signal line and is indicating further strength. In addition, the ADX is increasing and is above 20 level which shows a strong trend is developing. The RSI indicator is moving up above 50 and the +DI is greater than the -DI by a great margin, indicating a Bullish trend. Further rally is still in favor next week and target is at 0.55-0.63 area.

Chart courtesy of www.stockcharts.com ( click to enlarge )

CPST - The technical daily chart above shows possible new rally as K line has crossed on top over D line while ROC is still at oversold level. In addtion the price is back above 50 day moving average. I'm still bullish on Capstone Turbine Corp.

Chart courtesy of www.stockcharts.com ( click to enlarge )

CPA recorded a new high in the last trading session. The technical daily chart show a continuation of the trend with MACD and RSI in the Bullish areas. Short-term outlook for the stock is bullish. Buy the stock in dips with a stop-loss at $38.67. I'll be watching her carefully for any possible opportunities.

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. See you tomorrow !!!

AC

Labels: CPA, CPST, SIRI

21:40 | Permalink |

Healthcare stocks to watch on Thursday - Spectrum Pharmaceuticals and SciClone Pharmaceuticals

Chart courtesy of www.stockcharts.com ( click to enlarge )

SCLN was correcting in a downward channel after having doubled in value. Today, the stock finally broke out of a downward trending channel on strong volume and looked poised to move higher to test the May highs. A move to the 2.42-2.50 range appears likely. The technical chart shows positive sign as the stock has just rose above the 13 day moving average again and RSI moves up. Shareholders may remain invested with a stop-loss at 2.15.

Chart courtesy of www.stockcharts.com ( click to enlarge )

SPPI - The stock is trading near its all time high. Buy only when the stock breaches $6.35. Once the stock breaks this level we should see a strong upside move. SPPI will move very quickly, so keep the stock on your screen throughout the day on Thursday.

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. See you on Thursday !!!

AC

Labels: SCLN, SPPI

21:48 | Permalink |

One of the most dangerous trails in the world - El Camino del Rey

Click on Video to Play

My friend Victor from Nevada just sent me this great video of the “El Camino del Rey” trail.

El Caminito del Rey "The King's little pathway" is the name of a very dangerous walkway that winds its way along the steep walls of a narrow gorge known as El Chorro, near Álora in Málaga, Spain. In the year 1921, Alfonso XIII opened three water reservoirs which are flanked by pine forests. "El Camino del Rey" was built in a side of a mountain, the path has 3Km and some places have 1m in width; and is 400m above the river. However official access to this path was forbidden in 2000 after four tourists died trying to cross it. Watch this video, if you're scared of heights, this video will make your head spin, it shows the real path with all dangers, after some minutes you are watching it, seems you are there, in first person. Check this out!

Absolutely fascinating, I think i must do it !!!!!!!

AC

11:31 | Permalink |

Stocks to watch Wednesday- Sohu.com , Rambus and Capstone Turbine Corporation

Chart courtesy of www.stockcharts.com ( click to enlarge )

SOHU produced an oversold bounce today but the rally struggled near the $62.50 level. The stock remains in downtrend. Deeper decline is still possible to 57 zone next week. Initial resistance is at 62.50, as long as the resistance holds, I'd expect downtrend to continue. However, above the resistance will indicate that the fall from 69.54 has completed, and the following rebound will bring price back towards 65 zone.

Chart courtesy of www.stockcharts.com ( click to enlarge )

RMBS lost 16% today on strong volume after the memory chip maker cut its sales guidance and raised estimates of litigation and compensation expenses for the quarter. The short term scenario is not encouraging for the investors. This is a good sign for the bears. Rambus shares have broken some key supports in the $18 to $16 range. In other words, the long-term trend has turned negative. My target will be the $13.11-13.25 range. Please note there is some support near $14 and I expect a bounce there but the prevailing pattern is bearish. Fresh exposures may be avoided.

Chart courtesy of www.stockcharts.com ( click to enlarge )

CPST - Tuesday’s trading session marked a test of the 0.78 support line. The stock filled the gap that was left from its run a few days ago. Plus, volume was a little higher than yesterday suggesting a reversal trend. Tuesday’s high of $0.87 is resistance for Wednesday’s continuation move. If CPST can break through this high we should see another upside move. There could be good upside in CPST so watch the stock closely on Wednesday. This is a risky play but I think this stock could go much higher very soon.

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. See you on Wednesday !!!

AC

Labels: CPST, RMBS, SOHU

22:15 | Permalink |

Bank Stocks to watch Tuesday - Bank of America Corporation and Citigroup

Chart courtesy of www.stockcharts.com ( click to enlarge )

C - Bearish Trading Condition. The technical daily chart shows that it is still to early to say that the downtrend has ended. According to the technical chart, shares of Citigroup have been trading below both 50 day and 200 day moving average, a very bearish sign. Negative MACD also indicates that the stock is a sell. However, please beware of the KD line which is now at 15 and could signal a buy when it begins to rise. Immediate support at 2.96 followed by 2.85. Initial resistance seen at 3.15.

Chart courtesy of www.stockcharts.com ( click to enlarge )

BAC - My technical indicators show that the current short term bearish outlook has big probability to continue. The stock broke the key level at 12.53. Further fall is now in favor. My model is short, targeting 11.13 area ( 50 day moving average ). If the weakness continues and the stock breaks this support, there will be a good chance that the stock will test the $10.56 support. Keep a close eye on BAC for the next few trading days.

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. See you tomorrow !!!

AC

Labels: BAC, C

22:03 | Permalink |

Ferrari motorcycle concept

Nowadays the Ferrari brand is one of most recognized in the world. It is synonymous with desirability and exclusiveness, a combination that leaves buyers often waiting up to 24 months just to take delivery of one. Today one of my readers sent me these beautiful pictures about Ferrari, but this time is not about cars, but about a bike! Yes a bike !!!

It’s an interesting Ferrari motorcycle concept. This bike was designed by Israeli industrial designer Amir Glinik. Using drive-by-wire technology, this bike or this V4 superbike features hand controls adapted from an F-16 fighter jet and buttons based on those found on the steering wheel of Ferrari’s Formula 1 racecars. Take a look at these pictures and let me know what do you think about it?

AC

Labels: Ferrari

19:25 | Permalink |

Stocks to keep a look out for next week - Euronet Worldwide , Genoptix and Ciena

Chart courtesy of www.stockcharts.com ( click to enlarge )

CIEN - Stock starts showing ‘buy' signals again. The chart of Ciena is now much improved after Friday’s action. The MACD has reversed again the course and stock finally closed above its 50-day moving average, usually this is a Bullish signal. In addition stochastics are showing high oversold conditions, which may bring some buyers back. I would look for a move up to $11.20 resistance soon. If it passes that, then we have room to run to next resistance at $12.51.

Chart courtesy of www.stockcharts.com ( click to enlarge )

GXDX closed above its 200-day moving average for the first time since February, with heavy volume. We start to see now some signals of rebound as the technical chart shows positive momentum is back. In addition the 20-day moving average recently crossed on top over 50 day moving average which is a very positive sign. Let's keep an eye on GXDX.

Chart courtesy of www.stockcharts.com ( click to enlarge )

EEFT broke out on Friday of a short consolidation phase. Volume was strong on signaling that this move should hold. The technical chart shows a continuation of the trend with MACD and RSI in the Bullish areas. The stock is in a strong bull market with both 50 day and 200 day moving average going up, however in overbought conditions. I won't be surprise if EEFT reachs new highs on Monday, because indicators are extremely Bullishs. Keep an eye on it.

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. See you on Monday !!!

AC

Labels: CIEN, EEFT, GXDX

10:26 | Permalink |

Stocks to watch Friday - Edwards Lifesciences and Capstone Turbine

Chart courtesy of www.stockcharts.com ( click to enlarge )

I’m looking at a possible double bottom reversal on CPST stock chart. I know that it is too early to say for certain but looking at the daily chart above is very likely. The stock broke out last week and pulled back to test breakout area. The decline in share price was made with low volume, so does this mean that Bulls are still controlling stock. Capstone Turbine's chart is a bit stronger, with a nice pattern that seems capable of breaking to the upside. Stock may provide a good enter here. Keep an eye for a strong bounce.

Chart courtesy of www.stockcharts.com ( click to enlarge )

EW is breaking out. The stock broke through the highs set in July of 2008, and should continue to move. I'm buyer of EW once it breaks through today’s high of $67.44 for the continuation move. Stock is now in a breakout mode and the chart suggests a strong confidence in stock. RSI has space to move up more. The stock will move very quickly, so watch it closely on Friday.

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. See you tomorrow !!!

AC

Labels: CPST, EW

09:50 | Permalink |

The future green car of Honda

FCX Clarity is the name of the new model of Honda that launches to a new level of access to latest technological innovations in the automotive industry. We used to see this Japanese brand to assume postures of courage and daring against the market. This time Honda launches the car completely powered by hydrogen to convince the most skeptical about this new technology. The Honda has been at a marked car on the market as a pioneer in implementing the latest technological innovations of the automotive industry. After the first brand in the world to put into motion a program of experimental fuel cells for cars, the Honda back to pioneer the market place in a batch of such vehicles to customers' normal ', that can use the form that best fit in your day-to-day. The name of the car FCX Clarity is a model launched in the Hall of Los Angeles last year, and can already be seen on the streets of California and soon in the world, so it is expected.With Clarity, the Honda goes further, although not, yet, a car sold in the traditional manner, and available anywhere, some customers of Southern California can access the same via a leasing plan, which is expected to budget at $ 600 per month (around 413 euros) for three years, including this money now to maintain and secure. Despite all the innovation that has, apparently, the FCX Clarity is a conventional car, at least to the standards prevailing in the market where it is marketed, and in view of its origin. Instead of opinion out of a science fiction movie, but displays lines perfectly normal, much of Eastern inspiration, but fully present, and a setting of normal saloon of three volumes and four doors. With 4835 mm long, 1845 mm wide, 1470 mm tall and 2800 mm wheelbase is perfectly matched with what is the medium saloon segment of the North American market. The interior is based on the same basis of 'normality'. Enough room for four occupants, boasts a decor perfectly normal, despite the innovation has been extended to the carrier. This is because the coating of fabrics used are made from fermented corn and other biomass. That is, based on inexhaustible sources and even your manufacturing process emits much less CO2 than conventional tissue. Only drawback is the trunk, with 314 liters capacity, a result of the filing of H2 be placed behind the rear seat. In times of gaz prices uncertain this car can drive us to a new kind of spirit environmental. I want buy one.

AC

21:04 | Permalink |

Bearish stocks to watch tomorrow - Potash and Mosaic Company

Chart courtesy of www.stockcharts.com ( click to enlarge )

The stock broke down its support today on increased volume and selling pressure making this stock appear that it could easily be sent down to its next support around $90. Looking at the technical chart, the stock looks extremely weak as MACD and KD is pointing downwards. If it breaks down the strong support at $90, there is a chance to move down to the $80 area. The short-term outlook for the stock is bearish.

Chart courtesy of www.stockcharts.com ( click to enlarge )

I recommend a sell in MOS from a short perspective. It is clearly visible from the chart above that the stock has been moving sideways since last month in a range between $58 and $50 and today broke the channel. I expect the stock to decline to $44 level in the short-term. All the technical indicators are pointing towards a downfall. Investors with a short-term perspective can sell the stock with stop-loss at $48.17.

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. See you tomorrow !!!

AC

Labels: MOS, POT

22:10 | Permalink |

Trade Ideas for Wednesday - Trian Solar and Evergreen Solar

Chart courtesy of www.stockcharts.com ( click to enlarge )

TSL has been selling off the past week, but looks like it finally found a bottom in the short-term. Today the stock closed positive for the first time in over a week. If TSL can break through Tuesday’s high of $25.68, we should see heavy buying come and it will be a great buy here. Although this trend is encouraging, the near-term outlook stays cautious till the stock closes conclusively above this level on heavy volume. Bulls could remain invested with a stop loss at $23.18.

Chart courtesy of www.stockcharts.com ( click to enlarge )

Another solid session for ESLR. The continued strong volume on upside moves indicates more than just short covering. I expect another rally soon. The momentum clearly favors the bulls. The resistance level for the stock is now $2.68, which was today’s high. Support remains in the 2.20-2.38 range. The stock has room to run, so watch it closely on Wednesday.

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. See you tomorrow !!!

AC

Labels: ESLR, TSL

21:44 | Permalink |

Trade Ideas for Tuesday - Rambus and Netflix

Chart courtesy of www.stockcharts.com ( click to enlarge )

NFLX - After declining for a month, the stock has been supported at the 37 level, suggesting a possible reversal. The reversal seems especially likely to occur. In addition to the bullish price action, volume was very strong today and there was a bullish Stochastics crossover in oversold territory. Keep NFLX in your radar.

Chart courtesy of www.stockcharts.com ( click to enlarge )

Rambus shares closed at 19.13 Monday, a gain of 10 percent with a volume of 9 million of shares. The stock has surged more than 100% in the past 2 months. On a technical basis Rambus seems to be overextended. It has been overbought too quickly for most of the momentum to be sustainable. Based on the current RSI levels in the stock, the probability of the rally continuing this week is not high. Nonetheless, the stock can go higher even if is overextended... Although the recent move maybe needs a small correction before going higher. At this point, I recommend using this rally as an opportunity to raise cash, sit on the sidelines and wait for a good buying opportunity for the long term. I remain very sceptical of where the price will go in the next few days........

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. See you tomorrow !!!

AC

Labels: NFLX, RMBS

21:21 | Permalink |

Cristiano Ronaldo will become the most expensive football player ever

It was announced last week and the news still making the front pages of the newspapers worldwide. Cristiano Ronaldo will become the most expensive player in history later this month when moves to Real Madrid for 94 million of euros. I do not put in doubt his talent, agility with the ball or even the fact of being the best player in the world, but now worth 94 in the current financial climate, it is something that makes me think how can be possible one club pay so much money, when in reality there are so many Spanish clubs in clear financial collapse. This is a further evidence that the market for players is overcoming the current crisis.

17:34 | Permalink |

Hot Solar stocks to watch next week : Evergreen Solar , First Solar and Spire Corporation

Chart courtesy of www.stockcharts.com ( click to enlarge )

One day after to have reached its 200-day moving average, the stock pulled back on lower volume. ESLR held up well above the breakout area, which is a good sign for an upcoming move. The stock showed a lot of strength again on Friday, but the stock could not break resistance. I still like Evergreen Solar and expect to see another round of buying. Technically speaking, the stock broke out the major resistance last week on heavy volume confirmation indicating that this breakout is more likely to be real. Money flow has trended up well since last week. In addition the MACD indicator is above its signal line and is indicating further strength. The daily chart of ESLR suggests a strong confidence in stock, a clear uptrend momentum. Honestly speaking, there is a lot of upside potential in this stock, which makes it worth watching for the next few days. Keep watching the stock and expect to see another upside move soon.

Chart courtesy of www.stockcharts.com ( click to enlarge )

FSLR tried to break down on Friday, but buyers came in to support the stock, as it closed a few cents below highs of the day. Resistance stays at $187.50, which was Thursday’s high of the day. Once FSLR breaks through resistance, expect to see heavy volume as traders drive the stock higher. First Solar can be a fast moving stock, so watch it very closely next week.

Chart courtesy of www.stockcharts.com ( click to enlarge )

The stock continued to rally higher in the last week. The upward momentum seems to be slowing down as the stock hit critical resistance level. SPIR has tried to breakout the past three sessions, and was one of the few positive solar stocks on Friday. Resistance for the breakout move is $7.52. SPIR is a fast moving stock, so watch it closely next week. The stock wants to breakout, so keep it on your radar.

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. Have a nice weekend !!!

AC

Labels: ESLR, FSLR, SPIR

09:46 | Permalink |

Stocks to watch Friday - Juniper Networks and DayStar Technologies

Chart courtesy of www.stockcharts.com ( click to enlarge )

DSTI broke out above the resistance of 1.03 on Wednesday and achieved my first target. Today, the price broke out above some strong resistances areas, but the bulls could not sustain the breakout and price closed well off its high. Short-term trend is not clear in this stock, we have to wait further market action to give a confirmation of the price direction. The significant support for the stock is now at 1.03. Hold with a tight stop at 1.

Chart courtesy of www.stockcharts.com ( click to enlarge )

The technical daily chart shows that the stock is losing momentum and the daily relative strength index has entered the neutral region from the bullish zone. Based on the technical chart above my short-term forecast for the stock is bearish. I expect the stock to decline to $22 level in the upcoming trading sessions. Almost all indicators as MACD, RSI and Stochastic are showing me to exit the long side.

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. See you tomorrow !!!

AC

Labels: DSTI, JNPR

21:45 | Permalink |

Hot stock for tomorrow - Evergreen Solar

All investors dream in finding a stock that could rise three-fold or more and to get long the name before it happens. It's our dream !! but finding these explosive stocks isn’t always an easy task. It takes a great deal of research to find the right stock in the right industry that is growing fast and has the potential to make such a large move. Recently, I analyzed some solar stocks that made a huge move, including Renesolar ( SOL) , Canadian Solar (CSIQ) and LDK Solar ( LDK ). Now is the time to analyse one that can follow the same way based in the technical chart, it's name is Evergreen Solar (ESLR).

Chart courtesy of www.stockcharts.com ( click to enlarge )

The technical chart is showing that the stock is on a bounce back rally after it lost more than 50% of its value since the start of the year. RSI is turning up and is now at 60 levels. MACD indicator is rising above 0 also indicating a buy, and KD line shows the stock is on the positive swing. OBV is beginning to turn around which suggests the stock is no longer being sold off. In my opinion, this stock has been undervalued relative to the sector. The growth in the solar sector is now surging like a volcano. Investors who find the gems in this sector have the potential to be awarded with large gains. The stock needs to break Wednesday’s high of $2.54 to expect a strong rally at this point. Evergreen looks very much like an oversold company that has seen its bottom and is awaiting confirmation before breaking out to higher prices.

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. See you tomorrow !!!

AC

Labels: ESLR

21:32 | Permalink |

Stocks to watch Wednesday- Texas Instruments and Ceradyne

Chart courtesy of www.stockcharts.com ( click to enlarge )

TXN caught my attention today. The signal to buy was given today when the previous day high at $20.50 was taken out. The stock has been trading in a nice uptrend since the lows at 13.61 were placed in February. Daily technical indicators remain positive for now with MACD above the sell line and the RSI above 50. The stock needs to stay above 20.50 to keep the medium-term outlook positive. Hold the stock with a stop at this level. Breakout above 21.27 will take the price to 24.

Chart courtesy of www.stockcharts.com ( click to enlarge )

CRDN - Looking at the technical daily chart, the shares of CRDN plummeted more than 13% on Tuesday and have fallen back into a former trading range between 21.30 and 17.60. The equity has also dipped back below support at its 10-day and 20-day moving averages. The near-term trend does not appear bullish, therefore there is no reason to invest in this stock now. Fresh exposures may be considered once the stock stabilises and gets into an upward trending mode.

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. See you tomorrow !!!

AC

Labels: CRDN, TXN

22:20 | Permalink |

Stocks to watch Tuesday - Medis Technologies and ReneSola

Chart courtesy of www.stockcharts.com ( click to enlarge )

SOL - After a long up leg that brought prices from the March low of $2 to Monday highs of $6.92, the stock has gained more than 200 percent. Can we open long positions now? Aggressive traders may open long positions and I really like the chart but at this level I would wait for a pull back before putting any cash to work.

Chart courtesy of www.stockcharts.com ( click to enlarge )

MDTL was the stock of the day, it was up 218%, and traded more than 30 times the normal volume. Honestly, I never seen anything like this before. This is not normal. Technically the daily chart above shows new rally has just begun as K line has just crossed on top over D line. It looks like it is starting to turn back up and indicators are giving the first bullish signs. Stay tuned on MDTL, because I believe that something is going to happen soon.

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. See you tomorrow !!!

AC

Labels: MDTL, SOL

21:56 | Permalink |

Stocks to watch next week - Ascent Solar Technologies, Yingli Green Energy Holding and JDS Uniphase

Chart courtesy of www.stockcharts.com ( click to enlarge )

ASTI has resistance at $7.15, which was the high from Friday. The stock is trying to break through the major resistance at $6.98, and that may occur next week. If ASTI breaks through resistance, we should see a strong follow through move. Thechnically chart looks Bullish, with the 50 dma going up and MACD on top of 0. There is good upside potential in ASTI, so watch the stock closely on Monday.

Chart courtesy of www.stockcharts.com ( click to enlarge )

YGE broke the resistance on Friday, but not the move I expected. The stock broke early the $15, but pulled back down to close up 0.14 on the day. I'm watching the stock again on Monday, and I'm buyer once it breaks through Friday’s high of $15.48. We need to watch YGE for a few more days because there is good upside if the buyers return or there is any positive news on the company.

Chart courtesy of www.stockcharts.com ( click to enlarge )

JDSU - Wednesday, the stock broke out of the range that I thought would have happened on Monday. This move should be the start of a bigger move. Resistance for this continuation move is $6.35, Friday’s high of the day. If the stock can break through resistance, expect to see heavy buying drive the stock higher. There is good upside in this trade, so watch JDSU closely on Monday. Technically in a Bullish Mode.

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. Have a nice weekend !!!

AC

Labels: ASTI, JDSU, YGE

02:27 | Permalink |

AC Investor Blog

Seeking to provide independent day trading strategies based on Technical Analysis.

Tuesday, June 30, 2009

Stocks to watch Wednesday- Optimer Pharmaceuticals and RehabCare Group

Monday, June 29, 2009

Stocks to watch Tuesday - Blockbuster and Rambus

Saturday, June 27, 2009

Stocks to watch next week - The Pep Boys , Expedia and Vertex Pharmaceuticals

Friday, June 26, 2009

AC Investor Blog recorded the best week's traffic ever

Thursday, June 25, 2009

3 Stock Picks for Friday - Sirius XM Radio, Capstone Turbine Corp and CAI International Inc

Wednesday, June 24, 2009

Healthcare stocks to watch on Thursday - Spectrum Pharmaceuticals and SciClone Pharmaceuticals

One of the most dangerous trails in the world - El Camino del Rey

Tuesday, June 23, 2009

Stocks to watch Wednesday- Sohu.com , Rambus and Capstone Turbine Corporation

Monday, June 22, 2009

Bank Stocks to watch Tuesday - Bank of America Corporation and Citigroup

Ferrari motorcycle concept

Sunday, June 21, 2009

Stocks to keep a look out for next week - Euronet Worldwide , Genoptix and Ciena

Friday, June 19, 2009

Stocks to watch Friday - Edwards Lifesciences and Capstone Turbine

Thursday, June 18, 2009

The future green car of Honda

Wednesday, June 17, 2009

Bearish stocks to watch tomorrow - Potash and Mosaic Company

Tuesday, June 16, 2009

Trade Ideas for Wednesday - Trian Solar and Evergreen Solar

Monday, June 15, 2009

Trade Ideas for Tuesday - Rambus and Netflix

Cristiano Ronaldo will become the most expensive football player ever

Saturday, June 13, 2009

Hot Solar stocks to watch next week : Evergreen Solar , First Solar and Spire Corporation

Thursday, June 11, 2009

Stocks to watch Friday - Juniper Networks and DayStar Technologies

Wednesday, June 10, 2009

Hot stock for tomorrow - Evergreen Solar

Tuesday, June 09, 2009

Stocks to watch Wednesday- Texas Instruments and Ceradyne

Monday, June 08, 2009

Stocks to watch Tuesday - Medis Technologies and ReneSola

Saturday, June 06, 2009

Stocks to watch next week - Ascent Solar Technologies, Yingli Green Energy Holding and JDS Uniphase

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