AC Investor Blog: 07/01/2009

Hot stocks for Friday - First Solar and Evergreen Solar

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

ESLR is falling in the after-hours session after reported a wider quarterly net loss on lower selling prices and rising start-up costs for production facilities. The second-quarter net loss was $20.3 million, or 11 cents per share, compared with a net loss of $8.9 million, or 8 cents per share, a year ago. From the chart, we can see the stock has crashed 25 per cent from its recent peak of $2.96 and has been rebounding since. At this stage, the price movement has been marked by a high degree of volatility. The near-term outlook would depend on the price movement in the next few days. A close above $2.43 would impart bullishness and would help the stock move to the Rs 2.9-3 band. A drop below 2.13 would have negative implications that would push the stock down to the Rs 1.9-2.0 range. Remain invested with a stop loss at $2.13.

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

FSLR - The company released better then expected numbers after Thursday’s close, however the stock lost some momentum in the after hours trading. If this sector shows strength on Friday, I will buy FSLR above Thursday’s high of 175.88. If the stock breaks this level on a close basis, we should see it pause at $187.50. On the contrary, a close below 167.84 would have bearish implications and would push the stock to the 160-150 range.

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, FSLR

21:39 | Permalink |

Hot stocks - Allscripts-Misys Healthcare Solutions and Hewlett-Packard Company

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

MDRX broke out to a new all-time high today, accompained by a strong volume suggesting higher levels. The consolidation and compression that has been going on in the last four weeks is very healthy. The technical chart still showing a bullish bias. KD line shows positive signs as K line is rising on top over D line and RSI continue moving up. I suspect the stock may continue to appreciate over the coming days.

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

HPQ remains one of the hottest stocks on the market. The stock has been in a nice uptrend for the last two weeks and it looks very strong with both 50 day and 200 day moving average going up while K line is on top of D line. HPQ is now on the overbought level, so this means a possible correction is near. This may give us a chance to jump in on the stock when it moves lower. HPQ is a stock to keep an eye on for awhile.

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: HPQ, MDRX

21:32 | Permalink |

Trade Ideas for Wednesday - Yahoo and Microsoft Corporation

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

MSFT found pretty good support on the rising 50 dma, however MACD is looking bearish as the fast line has crossed below the slow line on a daily chart, indicating a sell. The resistance now is at $23.95 which if taken out could lead to a bounce. We need to see what happen to project the next swing target.

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

At the moment the stock is trading within an uptrend channel marked by the white parallel lines. Technically speaking, Yahoo is in a Bullish trend showing positive sign as the stock has been on the upside since late January and it has been above both 20 day and 50 day moving aveage almost all the time since March. With MACD above 0 and RSI going up, there is no reason to leave this rally. In addition, the On Balance Volume is showing a clear positive divergence with the price action. The volume on up days has been better than on down days, suggesting the demand is staying relatively strong. So, keep an eye on YHOO.

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: MSFT, YHOO

21:45 | Permalink |

Trade Ideas for Tuesday - Winn-Dixie Stores and Lance

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

LNCE broke $25.17 on Monday, hitting a high of $25.50. This high became resistance for the next breakout move. There is a chance the stock will consolidate on Tuesday, but keep a close eye in case the stock makes it move. I'm buyer of LNCE once it breaks through Monday’s high. Technically the stock is in a good Bullish moment, with all indicators showing strength to move up, its 50 day and 200 day moving average are going up while MACD is above 0 and K line is on top of D line.

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

WINN - Winn-Dixie Stores may be in a consolidation phase following a nice trend. Looks like it will move up again. The technical chart is still showing buy signal with stock trading above 50 day and 200 day moving averages, with MACD on top of 0 and K line on top of D line. Keep an eye for a possible breakout over $14.59.

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: LNCE, WINN

21:47 | Permalink |

AC Investor Blog set a new record of visitors

Good morning everybody!!! Let me start the day by saying “ Thank you “.

On July 26th AC Investor Blog set a new record of 2.284 unique visitors with 2782 hits in a day. My hits have gone up every month since October 2008. Last month I had 31.895 hits, grew 190% over the same month last year. This month in five days I have over 6.206 hits. Apparently, this blog is gaining a lot of momentum in the financial blogosphere. So, from me a big thank you. I would ask who to get involved as much as you can with the blog by leaving comments.

Thank you,

AC

Labels: Statistics

18:53 | Permalink |

3 Stocks Ready To Rally - Energy Conversion Devices, Sirius XM Radio and Ciena

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

I mentioned ENER before as a stock I was watching for an entry on. Stock has been in a very clear downtrend until some recent consolidation in the $12 area. There has been a decent increase in volume signaling of accumulation. Finally this week stock run up significantly breaking a descending channel forcing some bears to cover their positions. The technical chart shows very bullish sign as the stock is back on top of 50 day moving average. The bias is now bullish in nearest term but remains neutral in medium term. All indicators are bullish and point to more upside. For now, expect a run up to next resistance area around $19. If the stock is able to cross it and sustain above it, then it might go to $21.27.

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

Ciena has had a nice run over the past days. Looking at the daily chart, stock has been back to bull market since mid May as 50 day moving average has crossed on top over 200 day moving average. At this stage, we can see Ciena is now testing its line resistance at 11.50. A break of this resistance level could see the stock testing its strong horizontal resistance line at 12.51. Technical indicators are bullish as MACD momentum and histograms trend higher in positive territory and RSI is moving up. If this chart does what is supposed to do, it will be going higher in the days to come. At the moment, there is no reason to sell the stock.

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

The technical daily chart above of SIRI, shows very bullish signal as 50 day moving average has just crossed on top over 200 day moving average forming the Golden Cross. With the bullish sign formed and MACD also back above 0 we should see the stock take off from now on, so be patience on SIRI because we can see soon a nice rally. Another positive sign is KD where K line just crossed on top over D line showing a rally is about to begin. In addition, the short interest on Sirius decreased to 146,038,635 shares from a revised 194,820,020 shares at July 15. Keep an eye on SIRI next week for a possible breakout over $0.425.

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: CIEN, ENER, SIRI

21:29 | Permalink |

2 stocks to watch tomorrow - Evergreen Solar and SunPower Corporation

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

ESLR has been drifting lower since making a high of 2.96 in June. At this stage, the share price of ESLR appears to be moving sideway, with a slight upward bias. While the share price is slowly moving up by the upside is blocked by a strong resistance around 2.4. The recent increase in trading volume and rising OBV suggests buyers are accumulating stock. A breakout above $2.40 would constitute a technical entry for the short term trader looking for a quick trade. Based on steady improvement in its financial performance, I believe ESLR is a good stock for long-term investing.

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

SPWRA released better then expected numbers after Thursday’s close, which should lead the Solar sector bouncing on Friday. The stock is blowing up in after hours trading !! Looking at the daily chart it displays a downtrend line broken to the upside with a nice volume. In addition, KD line shows positive signals as K line is rising on top over D line, and RSI continue moving up. OBV is beginning to turn around which suggests the stock is no longer being sold off. Stock as a major resistance at $30.46. I suspect the stock may continue to appreciate over the coming weeks after SPWRA surprising quarterly results that blew away analysts expectation.

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. See you tomorrow !!!

AC

Labels: ESLR, SPWRA

21:57 | Permalink |

2 Breakout stocks - Lubrizol Corporation and Bed Bath & Beyond

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

BBBY broke out to record highs today. This breakout on normal volume did not convince me yet. At this point we may need to pull back and retest $32 to reset the overbought conditions and provide some room to develop a new trend up. Technicaly chart shows the stock is still in a very strong bull market with MACD on top of signal line and 50 day moving average on top of 200 day moving average. Stay tuned on it.

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

LZ has been is on a remarkable run since March and it doesn’t looks like the trend will change soon. At the present level, the stock is in overbought territory from a technical standpoint, however it does not mean the stock won't still go up, but a pull back is needed. I'm very bullish on this stock, but in situations like this, I prefer to wait for a pull back rather than chase the market. Technically the stock is still in a very strong bull market with MACD on top of signal line and 50 day moving average on top of 200 day moving average.

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: BBBY, LZ

21:32 | Permalink |

Trade Ideas for Wednesday - Ciena and Yingli Green Energy

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

YGE - The stock failed to continued it’s bearish scenario today. The stock topped at 13.04 and closed at 12.98. On the daily chart we can see the short term bearish trend line has been violated to the upside. The bias is now bullish in nearest term but remains neutral in medium term. With KD rising we could see possible rally coming for the stock. Let's keep an eye on YGE as i think momentum will pick up.

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

Ciena was upgraded by financial analysts at Soleil. They expect the company will report better than expected earnings in 2010 and 2011 due to new product cycles with strong gross margins. Shares were assumed with a Buy rating and $14.50 price target. Today, the stock closed above its 50-day MA for the first time since mid-June. This signal usually tends to have bullish implications that the near-term trend of the stock is higher. The bias still bullish in nearest term. The technical indicators are looking better for the stock with MACD moving up, K line on top of D line and RSI indicator moving up from the 50 level. I have to be honest with you, this stock is one of my favorites for the coming months.

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: CIEN, YGE

21:45 | Permalink |

2 Stocks to Keep on Your Radar Screen - Las Vegas Sands and Aeropostale

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

Shares of Aeropostale were up today nearly 2.7% or $0.99 to $38.22, reaching during the session a new 52 week high at $38.47. The technical daily chart shows a continuation of the trend with MACD on top of 0 and K line on top of D line.There are a several indicators showing the stock is on the course to go higher. Once ARO breaks above Monday’s high of $38.47, get ready to enter the trade on the continuation move.

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

LVS was very strong on Monday, as the stock closed up $9.86 on 2x the normal daily volume. This is a huge move for LVS, and could be the start of a breakout move. Resistance is $11.84, which was the high of May. I'm watching the stock for the breakout move and expect it to happen soon. Once LVS breaks through, we should see a heavy increase in buying. Technically, the chart looks Bullish, with the 50 dma on top of 200 dma and MACD on top of 0. In addiction with K line above D line we should see the stock 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. See you tomorrow !!!

AC

Labels: ARO, LVS

20:24 | Permalink |

Stocks to watch next week - TD Ameritrade Holding , Potash and Tractor Supply

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

POT - The stock is holding above the 13-day moving average at $90.38. Short-term investors can hold the stock as long as it trades above this support. Any close below this level would indicate that the recent rally may be near the end. Technically, the stock could go either way and my bias is to the upside, but I do not have enough conviction yet based on this setup.

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

TSCO - After a long up leg that brought prices from the June low of $36.74 to Friday highs of $47.98, the stock has gained nearly 33 percent. This is generally a hot buy from a technical perspective, however at this point the stock is too extended for additional positions, and is now in the overbought zone. I really like the chart but at this level I would wait for a pull back before putting any cash to work. Near term support is at the rising trend line from 43 to 47.98, only fall below the trend line support will take price back to test 45 level.

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

AMTD - The medium-term trend is up. The immediate target is 19.34, which was achieved on the past month. Despite the recent rally on the markets, the stock just registered an upside of 5 percent from the previous week's close. For people who is out, the buy point will be on the day it blows through $18.03 on heavy volume. The uptrend continuation scenario remains more likely at the moment, however a stop-loss at is necessary at $16.45. The technical indicators show the stock is back to rally again as K line is above D line with MACD also back above signal line.

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 and enjoyable weekend !!

AC

Labels: AMTD, POT, TSCO

22:14 | Permalink |

Stocks to watch Friday - Ciena , Yingli Green Energy and JDS Uniphase Corporation

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

YGE made a strong upside reversal today. The technical chart above suggests that stock might find now resistance at $13. Only a close above this level would suggest further upside. I think the stock is due for recovery as K line has crossed on top over D line. The stock needs to close above $13 in order to alleviate the negative near term view. Remain invested with a stop loss at $11.06.

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

JDSU - From the technical chart it looks like the slide has ended and the stock is now back on the rise again with K line on top over D line. Fresh buying may be considered on a move past $5.91, with a stop-loss at $5.41. At the moment, there is no reason to sell the stock.

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

CIEN showed more signs of strength on today's session, as the stock closed up $.27 on the day.

A quick look at the technical chart :

1) The MACD Fast line crossed up through the slow Line on Tuesday – Bullish.
2) 50 day moving average crossed the 200 day moving average to the upside.
3) RSI back above 50 level.
4) Money Flow-Index still climbing.
5) The +DI crossed up through the -DI his week - Bullish.
6) Golden Cross Activated

On Thursday, it tested the 50-day moving average line that has been resistance. If the CIEN can break above this resistance, that would be significant – Very 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. See you tomorrow !!!

AC

Labels: CIEN, JDSU, YGE

23:30 | Permalink |

Stock Picks and Trade Ideas for Thursday - Intel, Level 3 Communications and Wells Fargo & Company

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

WFC showed some signs of strength on Wednesday, as the stock closed up $.90 on the day. The stock broke resistance today, but it was too late for me to make a trade. I feel there will be a continuation move on Thursday, and I'm buyer once it breaks through Wednesday’s high of $25.47. From the technical chart above we can see that the stock is on a bull market as the stock is trading above both 50 day and 200 day moving average and the 50 day moving average is on top of 200 day moving average heading upwards. From here, the stock might run to $27 according to the way the market is acting now.

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

Over the past five weeks LVLT has experience a huge increase in volume along with some strong price movement. Looking at the daily chart the stock broke out from a symmetrical triangle pattern breaking out of resistance around $1.5/share. I believe price action will make a quick run near to 1.77.

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

INTC was a big winner on Wednesday, as the stock traded higher on good news and strong earnings from the company. The stock hit a high of $18.19, which is resistance for the continuation move. From a technical standpoint, the stock is very strong. Now that the stock is on an uptrend with MACD above the signal line, any pull back would mean great buying opportunity.

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. See you tomorrow !!!

AC

Labels: INTC, LVLT, WFC

22:11 | Permalink |

Stocks to watch Wednesday- Ciena and Advanced Micro Devices

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

I am keeping AMD on the list for Wednesday. INTC released better then expected numbers after Tuesday’s close, which should lead to the semiconductor sector bouncing on Wednesday. If this sector shows strength on Wednesday, I will buy AMD above Tuesday’s high of $3.61. If the stock breaks $3.60 on a close basis, we should see it pause at $4.00 and then make a strong upside move to $4.80. From a technical perspective, the stock has formed a positive divergence pattern and we could see a rally on the stock, if it is able to move above the $3.61 level and if overall market sentiment for frontline tech stocks turns positive.

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

CIEN broke through its short term resistance level of $9.50 on Tuesday, and looks ready to go higher. The stock was able to close positive in a choopy market environment, which is another reason to continue watching. The technical chart shows the stock is rising as K line is on top over D line showing buy signal. Once CIEN breaks above Tuesday’s high of $9.76, get ready to enter the trade on the continuation move.

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. See you Tomorrow !!!

AC

Labels: AMD, CIEN

21:25 | Permalink |

Banking stocks to watch tomorrow : Goldman Sachs Group and Bank Bank Of America Corporation

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

GS - The stock may face strong resistance at 150.27, above it may test 151.17. This stock will move quickly and is very volatile, so be careful with your share size and entry price. Optimum buy point is when price crosses the resistance line at 150.27. The short-term outlook for GS is neutral to bullish ( all the trends in stock indicators are neutral or positive ).

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

BAC - The short-term outlook for the stock is Bullish. In the last trading session, the stock broke through its 200-day moving average and closed up $1,11 at $12.99. BAC is now above 50 day and 200 day moving average and if the upward trend can continue for another month or weeks, and 50 day moving average can cross on top over 200 day moving average than the stock will be ready for another big rally. The chart above inspire me some confidence and I think the stock could continue its upward trajectory. Further rise could be seen to 13.69 zone this week. Initial support is located at 12.48 level. As long as this level holds, the uptrend will continue.

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, GS

22:30 | Permalink |

Trade Ideas for next week - Arch Coal, American International Group and Yahoo

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

ACI made a strong upside reversal this week. 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. The technical chart above suggests that stock might find now resistance at $14.50. Only a close above this level would suggest further upside. Remain invested with a stop loss at $13.85.

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

AIG was the strongest stock on Friday. The stock reversed strongly to move to my short-term resistance at $12. Although this trend is encouraging, the near-term outlook stays cautious till the stock closes conclusively above $12.71 on heavy volume.

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

YHOO - Despite weak signal from MACD in the chart as MACD and signal line are below 0, the technical daily chart shows this might be an interesting time to buy the stock as K line has just crossed on top over D line showing buy signal. However, the stock is still facing resistance around its 13-day moving average. Fresh long should be made only when the stock moves above this resistance level. The stock is currently in a downtrend.

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 great and enjoyable weekend !!!

AC

Labels: ACI, AIG, YHOO

23:14 | Permalink |

Hot stocks for Friday - Ross Stores and DXP Enterprises

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

DXPE failed to continued it’s bearish scenario today. The stock topped at 10.13 and closed at 9.99. On the daily chart we can see the short term bearish trend line has been violated to the upside. The bias is now bullish in nearest term but remains neutral in medium term. With KD rising we could see possible rally coming for the stock. In addition the RSI is extremely oversold. After the recent free-fall we may have found a bottom. Let's keep an eye on DXPE as i think momentum will pick up.

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

ROST - The major resistance was broken at 40.92 on heavy volume. Buy trigger is clear, however beware of a possible fake move. ROST hit a high of $41.85, which is 0.71 cents above its resistance high of $41.16, set on September of 2008. This can be a very volatile and fast moving stock, so watch the stock closely. Technically speaking, the chart looks Bullish with both 20 and 50 daily moving averages going up and MACD indicator above its signal line indicating further strength. Short-term investors can buy with a stop at $40 and long-term investors can hold with a stop at $38.87. Let's keep an eye on ROST as i think momentum will pick 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 tomorrow !!!

AC

Labels: DXPE, ROST

22:41 | Permalink |

Hot stocks to watch Thursday - Sirius XM Radio and ReneSola

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

SIRI traded down over the last trading sessions, but not enough to make me stop watching. The volume was weak compared with recent sessions when prices rose, which means traders are not betting on the downside. I think the stock is still in a consolidation range, waiting to make a big move. This stock is going to have a big move and it should be to the upside.

A quick look at the technical chart :

1) SIRI is currently is moving down with low volume
2) 20 day moving average crossed the 50 day moving average to the upside.
3) 50 day moving average crossed the 200 day moving average to the upside.
4) Bullish divergence: price is decreasing, whereas MACD lines are going up.
5) RSI still above the neutral 50 level at 51, buyers strength still persists.
6) Stock made consecutive higher lows since June.
7) Major resistance (white line) was crossed to the upside a few days ago.
8) Money Flow-Index still climbing.
9) Golden Cross Activated !!!

Resistance stays at $0.484 for the upside move. Continue to watch SIRI because the stock should give us an opportunity for a good trade soon.

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

SOL is currently in the fourth leg of the short-term bear market that began in middle of June. This down move has been halted around $5 area, but unfortunately for Bulls, this support has been broken today and the next resistance now exists at 4.10. The chart pattern does not inspire confidence and the stock could continue its downward trajectory. Never catch a falling knife in this market !!!

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: SIRI, SOL

22:12 | Permalink |

Stocks to watch Wednesday- Nvidia and Rambus

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

The stock made a nice reversal today and finished stronger. Further rally is still possible to $16 zone. From the technical chart the stock looks somewhat weak in the short-term as the stock is still trading below the 20 day moving average and short-term MACD moving down. However, the surge today brought K line to near D line indicating that we can see a rally soon. Hold the stock with a stop at $14.52.

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

If the weakness continues and NVDA breaks the support at $10.08, there will be a good chance that the stock will test the $9.18 support. However, as long as support holds a reversal is possible. Technically, there is nothing positive about the technical chart. All other indicators still point to a bear market.

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: NVDA, RMBS

22:32 | Permalink |

Trade Ideas for Tuesday - Labopharm and KLA-Tencor Corporation

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

DDSS has a Bullish looking stock chart, price broke out from the horizontal resistance mark around $2.45 per share on a respectable volume. The technical daily chart show a continuation of the trend with MACD and RSI in the Bullish areas. From a technical viewpoint, the stock is continuing to develop new highs and therefore defining a new bullish trend. Initial support is at 2.46 and followed by 2.37, as long as 2.46 support holds, I'd expect up trend to continue and further rally could be seen to 2.95 zone. However, a break of 2.37 level will take price back towards 2.20 level. Let's see if tomorrow the stock will confirm the recent breakout.

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

KLAC remains in a short up trend. Further rise to test 27.87 resistance is still possible, and a break of 26.36 ( 50-day moving average ) will confirm such case. Initial support is at 25.41. Investors should contemplate fresh purchases only on a close above this 26.36. Most of the technical indicators are pointing towards some more upside in the coming sessions. RSI have moved above the 50 points mark in the daily chart and Stochastic oscillators are surging.

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: DDS, KLAC

21:51 | Permalink |

Trade Ideas for next week - Ciena, Sirius XM Radio and Capstone Turbine Corporation

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

SIRI has made a sharp recovery from a low of 0.34 on the basis of short-covering. In the short-term, i expect the current reversal in trend to continue. The technical daily chart shows the stock is in a bull market as MACD is on top of signal line K line is on top of D line, both indicating buy. In addition, the stock is on top of 50 day and 200 day moving average showing the stock is in bull market. The chart also shows that there is a limited evidence of downside pressure on the stock, for example on Friday the stock dropped 2.7% on low volume (no selling).This is a clear evidence of the strength of bulls. They are controlling the stock.

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

CIEN - Despite seeing a steady declining trend in the last trading sessions of the week, the stock managed to hold on the crucial levels of 9.54, amid some volatility. Since the begining of March the stock has show sign of recover as it has reversed the downward trend and began to go north. Moreover when the Golden Cross was formed in early May, we have been expecting the major rally. However the weak market in June drove the stock down a little bit and delayed the rally. At the moment, I'm still convinced the stock will move up again, due to the fact that it has been falling on low volume with MFI rising.

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

CPST - The 50-day moving average at $0.78 is acting as a strong support currently. As long as it doesn't break down 0.78, the chances of going to 0.98 is always there. The stock has bounced off from the above mentioned levels on three occasions. The daily RSI is also showing a sign of reversal, currently trading above 49. If CPST can go up again to bring K line up then you may want to consider buying the stock as it has pletty of room to go since ROC is at oversold level. Short-term traders can buy the stock in the range of 0.78-0.79 for a target of 0.89. Maintain a stop loss of 0.78 and go long. Increase the position if it closes above 0.85.

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 !!! I just want people to have a nice Independence Day.

AC

Labels: CIEN, CPST, SIRI

07:38 | Permalink |

Airline Stocks to watch on Thursday - Continental Airlines and UAL Corporation

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

UAUA - The technical daily chart above shows that it is still to early to say that the downtrend has ended. The stock seems to have a remarkable support around the $3 mark, however it's better to stay at the sideline. Only a close above $3.60 would trigger some positive sentiment.

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

CAL had a good move today. The stock broke out the falling wedge pattern to the upside. This is a trend reversal pattern suggesting a halt in the bearish trend . The stock could touch an upside target of 10.42 in the short term. The technical daily chart shows the stock is now back to uptrend and with K line above D line we may see more upside. Existing holders could remain invested. CAL will move quickly, so watch the stock closely 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 tomorrow !!!

AC

Labels: CAL, UAUA

23:21 | Permalink |

AC Investor Blog

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

Thursday, July 30, 2009

Hot stocks for Friday - First Solar and Evergreen Solar

Wednesday, July 29, 2009

Hot stocks - Allscripts-Misys Healthcare Solutions and Hewlett-Packard Company

Tuesday, July 28, 2009

Trade Ideas for Wednesday - Yahoo and Microsoft Corporation

Monday, July 27, 2009

Trade Ideas for Tuesday - Winn-Dixie Stores and Lance

AC Investor Blog set a new record of visitors

Friday, July 24, 2009

3 Stocks Ready To Rally - Energy Conversion Devices, Sirius XM Radio and Ciena

Thursday, July 23, 2009

2 stocks to watch tomorrow - Evergreen Solar and SunPower Corporation

Wednesday, July 22, 2009

2 Breakout stocks - Lubrizol Corporation and Bed Bath & Beyond

Tuesday, July 21, 2009

Trade Ideas for Wednesday - Ciena and Yingli Green Energy

Monday, July 20, 2009

2 Stocks to Keep on Your Radar Screen - Las Vegas Sands and Aeropostale

Friday, July 17, 2009

Stocks to watch next week - TD Ameritrade Holding , Potash and Tractor Supply

Thursday, July 16, 2009

Stocks to watch Friday - Ciena , Yingli Green Energy and JDS Uniphase Corporation

Wednesday, July 15, 2009

Stock Picks and Trade Ideas for Thursday - Intel, Level 3 Communications and Wells Fargo & Company

Tuesday, July 14, 2009

Stocks to watch Wednesday- Ciena and Advanced Micro Devices

Monday, July 13, 2009

Banking stocks to watch tomorrow : Goldman Sachs Group and Bank Bank Of America Corporation

Friday, July 10, 2009

Trade Ideas for next week - Arch Coal, American International Group and Yahoo

Thursday, July 09, 2009

Hot stocks for Friday - Ross Stores and DXP Enterprises

Wednesday, July 08, 2009

Hot stocks to watch Thursday - Sirius XM Radio and ReneSola

Tuesday, July 07, 2009

Stocks to watch Wednesday- Nvidia and Rambus

Monday, July 06, 2009

Trade Ideas for Tuesday - Labopharm and KLA-Tencor Corporation

Friday, July 03, 2009

Trade Ideas for next week - Ciena, Sirius XM Radio and Capstone Turbine Corporation

Wednesday, July 01, 2009

Airline Stocks to watch on Thursday - Continental Airlines and UAL Corporation

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