AC Investor Blog: 08/01/2009

-Financial Tools Futures Market--TRADE IDEAS-- OPTION ALERTS -BENZINGA PRO-

Monday, August 31, 2009

Trade Idea for Tuesday - Encore Wire Corporation

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

WIRE broke resistance today, hitting a new 52-week high. Today's high of $24,10 is resistance for the continuation move. The technical daily chart above shows the momentum indicators have turned up and the RSI is on the rise. For the short term the stock should still continue to go up. A close above $24.10 would have positive implications and could drive the stock much higher. Keep WIRE 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. See you tomorrow...
Cheers!

AC

Labels: WIRE

23:54 | Permalink |

Friday, August 28, 2009

Stock Market Ideas for next week - Trina Solar, Trinity Industries and Rambus

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

TSL is still facing resistance around 28. The technical daily chart is showing some bullish bias. On Balance Volume is increasing, indicating accumulation of shares in the market and KD line is indicating upward swing. If the surge can continue as the KD indicates, MACD may be pushed to above 0, indicating a buy. One thing I would like to point out was the unusual options activity in stock over the day. If you go out to the October 2009 options expiration contracts, you will see that nearly 5657 contracts have been traded in the Oct 09 $30 CALLS. Keep TSL on your radar......

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

TRN is in a good medium-term uptrend. The price has bounced off the low of $11.55 touched in late July. At this stage,the technical daily chart shows positive sign as the stock is now above both 50 day and 200 day moving aveage with MACD also back above 0 showing positive sign. The price can head towards the $16.48/50 zone. If this zone is surpassed, getting to 17.34 would be a possibility. Add to your position once there is a close above 16.

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

RMBS - Rambus has been under accumulation for a couple days now. The volume on accumulation days consistently exceeded the volume on distribution days. That's a bullish sign. The stock hit a 52-week high of $19.94 this week. This high is now a big level for the stock to break out. From a technical standpoint, the daily chart looks Bullish with both 13, 50 and 200 daily moving averages going up and MACD on top of 0, RSI in a Bullish area too. The big movement in the past few days tells me to be patient. I'd stay long and keep a stop just below $19. Keep RMBS in your watchlist.

Other Stocks to Watch :

Texas Instruments Incorporated - TXN ( Record Price Break Out )
The Men's Wearhouse, Inc. - MW ( Record Price Break Out )
NetGear, Inc. - NTGR ( Record Price Break Out )
Poniard Pharmaceuticals, Inc. - PARD ( Unusual Call Option Volume )
Centennial Communications Corp. - CYCL ( Unusual Call Option Volume )
E TRADE Financial Corporation - ETFC ( Unusual Call Option Volume )
OmniVision Technologies, Inc. - OVTI ( Unusual Call Option Volume )
Nokia Corporation - NOK ( Unusual Call Option Volume )
J. Crew Group, Inc. - JCG ( Unusual Call Option Volume )
King Pharmaceuticals, Inc. - KG ( Unusual Put Option Volume )
Ambac Financial Group, Inc. - ABK ( Unusual Put Option Volume )
Office Depot, Inc. - ODP ( Unusual Put Option Volume )
Tessera Technologies, Inc. - TSRA ( Unusual Put Option Volume )
Sirius XM Radio Inc. - SIRI ( Unusual Put Option Volume )
General Electric Company - GE ( Bearish Engulfing )
Yahoo! Inc. - YHOO ( Bearish Engulfing )
Wells Fargo & Company - WFC ( Bearish Engulfing )
JPMorgan Chase & Co. - JPM ( Bearish Engulfing )
Cypress Semiconductor Corporation - CY ( Fast %K line crossed above Slow %D line )
Southwest Airlines Co. - LUV ( Fast %K line crossed above Slow %D line )
Yingli Green Energy Hold. Co. Ltd. - YGE ( Fast %K line crossed above Slow %D line )
Micron Technology, Inc. - MU ( Fast %K line crossed above Slow %D line )
Las Vegas Sands Corp. - LVS ( Fast %K line crossed above Slow %D line )
Bank of America Corporation - BAC ( Fast %K line crossed above Slow %D line )
Cell Therapeutics, Inc. - CTIC ( Bullish Homing Pigeon Pattern )
Crocs, Inc. - CROX ( Bearish Engulfing Pattern )
Delek US Holdings Inc. - DK ( Recent Insider Buying )
FNB United Corp. - FNBN ( Recent Insider Buying )
Fidelity National Financial, Inc. - FNF ( Recent Insider Buying )
PDF Solutions Inc. - PDFS ( Recent Insider Buying )
Bar Harbor Bankshares - BHB ( Recent Insider Buying )
United Online Inc. - UNTD ( Recent Insider Selling )
Great Southern Bancorp Inc. - GSBC ( Recent Insider Selling )
VistaPrint Ltd. - VPRT ( Recent Insider Selling )
Super Micro Computer, Inc. - SMCI ( Recent Insider Selling )
Sysco Corp. - SYY ( Recent Insider Selling )
TriQuint Semiconductor, Inc. - TQNT ( Recent Insider Selling )

That's all Folks. See you tomorrow...
Cheers!

AC

Labels: RMBS, TRN, TSL

22:58 | Permalink |

Thursday, August 27, 2009

Stock Market Ideas for Friday - Citigroup and Aaple

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

AAPL made a small move on Thursday, but still looks like it wants to go. This stock is trading near 52-week highs and this could be the catalyst to break through. I'm setting resistance at $170.94, which was the high of Tuesday. If the stock breaks through, the next resistance is the 52-week high of $176.25. The fact that AAPL is holding up as volume dramatically decreases, is another sign of a future upside move. Keep watching AAPL for the next few trading sessions.

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

Citigroup looks strong enough to move forward. As expected, the stock broke up through the resistance at $5 on huge volume of over 1.202 Million shares. At this stage, further rally is still possible in next several days. The breakout signals a continuation of the prior advance. Even though I find the breakout bullish, I also find Citigroup a bit overextended. As long as $5 holds, this breakout is in great shape. The stock has the potential for a strong follow through, so watch it closely on Friday.

Other Stocks to Watch :

Capstone Turbine Corporation - CPST ( Bearish Two Crows Pattern )
Sirius XM Radio Inc. - SIRI ( White Spinning Top )
Alcatel-Lucent - ALU ( Bullish Hammer Pattern )
DryShips Inc. - DRYS ( Bullish Engulfing )
Microsoft Corporation - MSFT ( Bullish Engulfing )
Pfizer Inc. - PFE ( Bullish Engulfing )
JPMorgan Chase & Co. - JPM ( Bullish Engulfing )
Alcoa Inc. - AA ( Bullish Engulfing )
Verizon Communications Inc. - VZ ( Bearish Engulfing )
Vantage Drilling Company - VTG ( Bearish Engulfing )
CVS Caremark Corporation - CVS ( Bearish Engulfing )
The Southern Company - SO ( Bearish Engulfing )

That's all Folks. See you tomorrow...
Cheers!

AC

Labels: AAPL, C

19:26 | Permalink |

Wednesday, August 26, 2009

Stock Market Ideas for Thursday - JDS Uniphase Corporation and Cell Therapeutics, Inc.

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

There appears to be marginal downside risk from prevailing levels. JDSU is going to be very interesting to watch as the stock hit a new 52-week high. Resistance is now $6.86, which was Wednesday’s high of the day. You want to keep a close eye on JDSU as it has the potential to make big upside moves. The stock has a good looking stock chart price broke out from the horizontal resistance mark around $6.35 on heavy volume. This breakout suggests a possible move to $10.

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

CTIC failed to close above the resistance level of $1.83. This resulted in a sharp drop on Monday. The recent price patterns suggest that the downward move witnessed on Monday could continue. A decline to the 1.50-1.52 range appears likely. A close below these levels would impart further weakness and would push the stock to the 1.35-1.4 range. On the other hand, the weak outlook would be negated on a close above 1.64. At this stage, keep an eye on the $1.52 ( 50 dma ) level for signs of support.

Other Stocks to Watch :

Rambus - RMBS ( Record Price Breakout )
Wells Fargo & Company - WFC ( Bullish Engulfing )
AT&T Inc. - T ( Bullish Engulfing )
Novavax, Inc. - NVAX ( Bullish Engulfing )
Sequenom, Inc. - SQNM ( Bullish Engulfing )
Seagate Technology - STX ( Bearish Engulfing )
Ambac Financial Group, Inc. - ABK ( Bearish Engulfing )
Johnson & Johnson - JNJ ( Bearish Engulfing )
Interpublic Group of Companies, Inc. - IPG ( Bearish Engulfing )

Cardionet Inc - BEAT ( Unusual Call Option Volume )
Red Hat, Inc. - RHT ( Unusual Call Option Volume )
ViroPharma Incorporated - VPHM ( Unusual Call Option Volume )
Forest Oil Corporation - FST ( Unusual Call Option Volume )
QLogic Corporation - QLGC ( Unusual Call Option Volume )
Fred's, Inc. - FRED ( Unusual Put Option Volume )
A-Power Energy Generation Systems, Ltd. - APWR ( Unusual Put Option Volume )
Regions Financial Corporation - RF ( Unusual Put Option Volume )
Diageo plc - DEO ( Unusual Put Option Volume )

That's all Folks. See you tomorrow...
Cheers!

AC

Labels: CTIC, JDSU

23:48 | Permalink |

Tuesday, August 25, 2009

Stock Market Ideas for Wednesday - Knight Capital Group Inc. and Microsoft Corporation

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

NITE has a Bullish looking stock chart, price broke out from the horizontal resistance mark around $19.34/share Thursday on heavy volume. The stock made a new 52-week high again today, but was not able to close near this high. However, I'm buyer of NITE once it breaks Tuesday’s high of $20.78 for the follow through move. Technically, the stock is in a Breakout mode. Long-term investors may hold with a stop at 19.34.

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

Shares of Microsoft are in a good short-term uptrend. The price has bounced off the low of 22.90 touched in the middle of August. The price can easily head towards the $25 zone. If this zone is surpassed, getting to $25.58 would be a possibility. The technical daily chart shows the stock is in a bullish trend as MACD is high above signal line and K line is also on top over D line. Keep watching MSFT and you should get a good trading opportunity soon.

Other Stocks to Watch :

Hatteras Financial Corp. - HTS ( Price Breakout )
Old Dominion Freight Line - ODFL ( Price Breakout )
Bristol Myers Squibb Co. - BMY ( Bullish Engulfing )
Walgreen Company - WAG ( Bullish Engulfing )
Kimco Realty Corporation - KIM ( Bullish Engulfing )
Cenveo Inc. - CVO ( Recent Insider Buying )
Zygo Corp. - ZIGO ( Recent Insider Buying )
Flowers Foods, Inc.- FLO ( Recent Insider Buying )
Tesco Corporation - TESO ( Recent Insider Buying )
Washington Banking Co. - WBCO ( Recent Insider Buying )
Acme Packet, Inc. - APKT ( Recent Insider Selling )
Virtusa Corp - VRTU ( Recent Insider Selling )
Digi International Inc. - DGII ( Recent Insider Selling )
Hewlett-Packard Company - HPQ ( Recent Insider Selling )
Xilinx Inc. - XLNX ( Recent Insider Selling )

That's all Folks. See you tomorrow...
Cheers!

AC

Labels: MSFT, NITE

23:16 | Permalink |

Monday, August 24, 2009

Stock Market Ideas for Tuesday - Yahoo and Qwest

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

Q reversed at the down-trend line and looks to be heading down towards support $3.51-$3.66 range. If the weakness continues and the stock breaks the support at $3.66, there will be a good chance that the stock will test the $3.51 (200-dma ) support. However, if the stock sustains above its $3.70 level during some sessions, then it may go to $3.90. The stock is currently in a downtrend.

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

YHOO made a small move on Monday, but it was with an increase in volume, which shows us there are buyers in the stock. The resistance level for the stock is $15.19, which was Monday’s high, but don’t be surprised to see some additional resistance at the $15.38 price level ( 50 dma ). I expect to see volume increase once the stock breaks resistance. The stock is probably back to uptrend and with KD rising we could see possible rally coming for the stock. Let's keep an eye on Yahoo as i think momentum will pick up.

Other Stocks to Watch :

Banco Bilbao Vizcaya Arg Ads - BBV ( Record Price Break Out )
GAFISA S A SPONS ADR - GFA ( Record Price Break Out )
Conceptus Inc - CPTS ( Record Price Break Out )
Cresud S.A.C.I.F. - CRESY ( Record Price Break Out )
Woodward Governor Company - WGOV ( Unusual Call Option Volume )
Staples, Inc. - SPLS ( Unusual Call Option Volume )
Tesoro Corporation - TSO ( Unusual Call Option Volume )
Corinthian Colleges, Inc. - COCO ( Unusual Call Option Volume )
Advanced Micro Devices, Inc. - AMD ( Unusual Call Option Volume )
Osiris Therapeutics, Inc. - OSIR ( Unusual Put Option Volume )
Jackson Hewitt Tax Service Inc. - JTX ( Unusual Put Option Volume )
Lockheed Martin Corporation - LMT ( Unusual Put Option Volume )
Cisco Systems, Inc. - CSCO ( Bearish Engulfing )
Wells Fargo & Company - WFC ( Bearish Engulfing )
KeyCorp - KEY ( Bearish Engulfing )
Huntington Bancshares Incorporated - HBAN ( Bearish Engulfing )
Fifth Third Bancorp - FITB ( Bearish Engulfing )
El Paso Corporation - EP ( Cup and Handle )
Morgan Stanley - MS ( Cup and Handle )
Chesapeake Energy Corporation - CHK ( Cup and Handle )
Verizon Communications Inc. - VZ ( Cup and Handle )

That's all Folks. See you tomorrow...
Cheers!

AC

Labels: Q, YHOO

20:21 | Permalink |

Friday, August 21, 2009

Stock Market Ideas for next week - JDS Uniphase and Rambus

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

JDSU could be poised for more upside in the weeks ahead after breaking above the key $6.35 level on heavy volume today. The stock closed at a bullish weekly high close and hit a fresh 32-week high. Bulls have the near-term technical advantage and gained fresh upside momentum on Friday. Upside momentum still intact. The MACD indicator has just risen above the centerline recently, suggesting that the tone has turned positive again. In addition, the ADX is increasing and is near 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. I like that the stock finished strong and expect to see a continuation move on Monday. Resistance is $6.77, which reflects Friday’s high of the day. Once JDSU breaks resistance, I expect to see the buyer push the stock higher.

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

RMBS - It is clear that Rambus wants to move higher again, but too much caution right now. Once we get a couple of positive events, we will move rapidly. Rambus reacted to the $19 mark over the past two sessions and has suffered a small correction as shown in the chart above. Short term support for the stock is in the 17.85 to 18 region. There should be room for another leg upward once the stock digests this small correction. While the stock is correcting in the short-term, there are no clear signs of a top forming in the daily charts as of yet. Indicators are favoring longs with both positive momentum indicator and positive MACD above the zero line.A move above $19.65 would mark a medium-term breakout. There is something interesting for this scenario occur, the November series shows a huge amount of calls at the 20 and 25 strikes, it looks like people are really convinced that stock will breakout over $20 and $25 soon. Let’s keep an eye on it.

Other Stocks to Watch next week :

Aeropostale, Inc. - ARO ( Record Price Break Out )
Buckeye Technologies Inc. - BKI ( Record Price Break Out )
C.H. Robinson Worldwide, Inc. - CHRW ( Record Price Break Out )
National Semiconductor Corporation - NSM ( Bullish Engulfing )
LSI Corporation - LSI ( Bullish Engulfing )
Maguire Properties, Inc. - MPG ( Bullish Engulfing )
Ariad Pharmaceuticals, Inc. - ARIA ( Bullish Engulfing )
MGM MIRAGE - MGM ( Bearish Engulfing )
Wal-Mart Stores, Inc. - WMT ( Bearish Engulfing )
Tenet Healthcare Corporation - THC ( Bearish Engulfing )
GameStop Corp. - GME ( Bearish Engulfing )
Potash Corp. - POT ( Bearish Engulfing )
Pfizer Inc. - PFE ( K line crossed above D line )
Intel - INTC ( K line crossed above D line )
Alcoa - AA ( K line crossed above D line )
Regions Financial Corporation - RF ( K line crossed above D line )
Yahoo - YHOO ( K line crossed above D line )
Comcast Corporation - CMCSA ( RSI crossed above 50 )
Exxon Mobil Corporation - XOM ( RSI crossed above 50 )
ConocoPhillips - COP ( RSI crossed above 50 )
Verizon Communications Inc. - VZ ( RSI crossed above 50 )
The Charles Schwab Corporation - SCHW ( RSI crossed above 50 )
TASER International, Inc. - TASR ( Unusual Call Option Volume )
Accenture Ltd. - ACN ( Unusual Call Option Volume )
Boston Scientific Corporation - BSX ( Unusual Call Option Volume )
Vodafone Group Plc - VOD ( Unusual Call Option Volume )
Cell Therapeutics, Inc. - CTIC ( Unusual Call Option Volume )
Take-Two Interactive Software, Inc. - TTWO ( Unusual Put Option Volume )
RRI Energy, Inc. - RRI ( Unusual Put Option Volume )
General Maritime Corporation - GMR ( Unusual Put Option Volume )
Hibbett Sports, Inc. - HIBB ( Unusual Put Option Volume )
Foot Locker, Inc. - FL ( Unusual Put Option Volume )

That's all Folks. Have a Great Weekend...
Cheers!

AC

Labels: JDSU, RMBS

19:44 | Permalink |

Thursday, August 20, 2009

Hot stocks for Friday - American International Group and Citigroup

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

C - The stock made a very significant move on Thursday breaking out its major resistance line at $4.26 ( 200-day moving average ). This breakout suggests a possible move to $6. The technical chart shows very bullish sign as the stock is back on top of its major moving averages. In addition K line is back above D line and MACD is back above 0 which show beginning of bull market rally.

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

AIG was very strong on Thursday as the stock closed up $5.66 on heavy volume. The stock hit a high of $35, which is resistance for the next upside move. I'm buyer of AIG once it breaks through this high and i expect to see heavy buying drive the stock higher. The stock is starting to show signs of acumulation with high volume on upside days and low on downside days. The technical daily chart looks Bullish with both 20, 50 and 200 daily moving averages going up and MACD on top of 0, RSI in a Bullish area too. Keep AIG on your screen throughout the day on Friday.

Other Stocks to Watch :

Juniper Networks, Inc. - JNPR ( Bullish Engulfing )
Micron Technology, Inc. - MU ( Bullish Engulfing )
Capital One Financial Corp. - COF ( Bullish Engulfing )
Philip Morris International Inc. - PM ( Bullish Engulfing )
JA Solar Holdings Co. - JASO ( Bearish Engulfing )
ON Semiconductor Corp. - ONNN ( Bearish Engulfing )
SUPERVALU INC. - SVU ( Bearish Engulfing )
Raytheon Company - RTN ( Bearish Engulfing )
The Buckle, Inc. - BKE ( Bearish Engulfing )
Johnson & Johnson - JNJ ( Unusual Call Option Volume )
Lancaster Colony Corp. - LANC ( Unusual Call Option Volume )
The Hershey Company - HSY ( Unusual Call Option Volume )
Allos Therapeutics, Inc. - ALTH ( Unusual Call Option Volume )
Foot Locker, Inc. - FL ( Unusual Call Option Volume )
Sirius XM Radio Inc. - SIRI ( Unusual Call Option Volume )
Zumiez Inc. - ZUMZ ( Unusual Put Option Volume )
Auxilium Pharmaceuticals, Inc. - AUXL ( Unusual Put Option Volume )
Intuit Inc. - INTU ( Unusual Put Option Volume )
Myriad Genetics, Inc. - MYGN ( Unusual Put Option Volume )
Hibbett Sports, Inc. - HIBB ( Unusual Put Option Volume )
PetSmart, Inc. - PETM ( Unusual Put Option Volume )
Dr Pepper Snapple Group Inc. - DPS ( Record Price Break Out )
Cavium Networks, Inc. - CAVM ( Record Price Break Out )
Lancaster Colony Corp. - LANC ( Record Price Break Out )
Royal Caribbean Cruises Ltd. - RCN ( Recent Insider Buying )
Nacco Industries Inc. - NC ( Recent Insider Buying )
Stericycle Inc. - SRCL ( Recent Insider Buying )
Global Partners LP - GLP ( Recent Insider Buying )
Legacy Reserves Lp - LGCY ( Recent Insider Buying )
Linn Energy, LLC - LINE ( Recent Insider Selling )
Riverbed Technology, Inc. - RVBD ( Recent Insider Selling )
BioScrip Inc. - BIOS ( Recent Insider Selling )
United States Lime & Minerals Inc. - USLM ( Recent Insider Selling )
TeleTech Holdings Inc. - TTEC ( Recent Insider Selling )

That's all Folks. See you tomorrow...
Cheers!

AC

Labels: AIG, C

21:29 | Permalink |

Wednesday, August 19, 2009

Stock Market Ideas for Thursday - Tessera Technologies and NetApp Inc.

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

TSRA has had a hard time with resistance here. The level which the stock may have trouble moving above, is today at $26.30. It would need to break above that level to run to $28. Looking at the daily chart, the MACD continues below its signal line, showing a clear evidence of a Bearish trend in the short-term. In addition, K line is falling below D line, generally a bearish signal. However unless the stock can break above $26.30, don't expect too much going from the stock.

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

NTAP reversed direction at $24 on Thursday. This level is proving to be a strong resistance zone after the recent rally. A strong trend would not be in place unless the stock closes above this level. The near-term outlook would depend on the price movement in the next few days. A close above $24.19 would impart bullishness and would help the stock move higher. A drop below $22.30 would have negative implications that would push the stock down to the 20-21 range. Watch $24.19 up and $22.30 down.

Other Stocks to Watch :

First Trust DJ Global Select Dividend - FGD ( Unusual Volume )
Rentech, Inc. - RTK ( Unusual Volume )
GOL Linhas Aéreas Inteligentes S.A. - GOL ( New High )
Arcadia Resources Inc - KAD ( New High )
B&G Foods Inc. - BGS ( New High )
LodgeNet Interactive Corporation - LNET ( New High )
Natural Health Trends Corp. - BHIP ( New High )
Wyeth - WYE ( Breakout )
Rambus - RMBS ( Unusual options activity )
Amer Business Information - ABII ( New Low )
Tamalpais Bancorp - TAMB ( New Low )
Williams Coal Seam Gas Royalty Trust - WTU ( New Low )
Repros Therapeutics Inc. - RPRX ( New Low )
MetroPCS Communications Inc. - PCS ( New Low )
Human Genome Sciences - HGSI ( RSI Overbought )
RADIAN GROUP INC - RDN ( RSI Overbought )
FIDELITY NAT INF SVC - FIS ( RSI Overbought )
Brigham Exploration Company - BEXP ( RSI Overbought )

That's all Folks. See you tomorrow...
Cheers!

AC

Labels: NTAP, TSRA

19:52 | Permalink |

Tuesday, August 18, 2009

Stock Market Ideas for Wednesday - Teck Resources Limited and Ciena

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

TCK closed slightly higher on Tuesday as the stock is trying to make an upside move. Resistance for this move is $126.02, which reflects Monday’s high. If the stock can break through this level, we should see strong volume drive the stock higher. TCK found pretty good support on the $24 area, however MACD is looking bearish as the fast line has crossed below the slow line on a daily chart, indicating a sell. Keep a close eye on TCK for Tuesday’s trading session.

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

CIEN has been on my list a few times and it is back on for Wednesday. Ciena traded 2x normal volume on Tuesday, as the stock closed up $1.06 on the day. This is a huge move for the stock, and could be the start of another breakout move. Resistance is now at $12.94, which reflects today’s high. Technical indicators such as RSI and MACD also show buy signal as MACD is on top over signal line and RSI above 50. In addition, its call options surged on speculation the company may be a takeover target. Again, keep this on the radar!

Other Stocks to Watch :

Hewlett-Packard Company - HPQ ( Earnings Surprise )
Bank of America Corporation - BAC ( Recent Insider Buying )
PDI Inc. - PDII ( Recent Insider Buying )
Universal Display Corp. -PANL ( Recent Insider Buying )
PRIMEDIA Inc. - PRM ( Recent Insider Buying )
Stericycle Inc. - SRCL ( Recent Insider Buying )
Amazon.com Inc. - AMZN ( Recent Insider selling )
TD AMERITRADE Holding Corporation - AMTD ( Recent Insider selling )
Avocent Corporation - AVCT ( Recent Insider selling )
Silicon Laboratories, Inc. - SLAB ( Recent Insider selling )
RG Barry Corp. - DFZ ( Overbought )
James Hardie Industries NV - JHX ( Overbought )
Telular Corp. - WRLS ( Overbought )
Orbitz Worldwide, Inc. - OWW ( Overbought )

That's all Folks. See you tomorrow...
Cheers!

AC

Labels: CIEN, TCK

21:19 | Permalink |

Monday, August 17, 2009

Stock Market Ideas for Tuesday - Rambus , China-Biotics and Advanced Micro Devices

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

AMD - There has been a persistent decline in this stock since the begin of August. With stock trading below 50 day and 13 day moving average with MACD below 0, it is still in weak bear market so do wait for uptrend coming back before buying the stock.The stock needs to close above $3.67 in order to alleviate the negative near term view. If the stock fails to move above this level, it can decline to $3.40 area.

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

CHBT stock broke out on pretty good volume. If this chart does what is supposed to do, the stock will definitely be going higher in the coming days. At this stage, there is no reason to sell the stock. Hold with a stop-loss at $11.09.

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

Rambus has lost some of its Friday gains, but even with this sharp drop in the stock price the chart looking pretty good. The stock failed to maintain bullish momentum today. The stock attempted to push higher, topped at 17.70 but closed lower at 16.86. This upside failure should keep the major bullish scenario intact. Only a consistent move below 16.44 ( 13-dma ) could trigger further bearish corrections. Immediate support is seen at 16.44 followed by 16.28. Initial resistance at 17.70 (today’s high) followed by 17.85. Rambus still looks very strong with both 50 day and 200 day moving average going up while MACD is above 0 and K line is on top of D line. I still think it is going to 20 very soon. Good luck to all.

Other Stocks to Watch :

Annaly Capital Management - NLY ( Oversold )
Mercantile Bancorp,Inc - MBR ( Oversold )
NTELOS Holdings Corp. - NTLS ( Oversold )
SkyWest Inc. - SKYW ( Overbought )
Goldleaf Financial Solutions, Inc. - GFSI ( Overbought )
RG Barry Corp. - DFZ ( Overbought )
Synergetics USA, Inc. - SURG ( Overbought )
Rosetta Stone Inc. - RST (Record Price Low )
Energy Conversion Devices, Inc. - ENER ( Trending down )
Force Protection, Inc. - FRPT ( Insider Buying)
Inspire Pharmaceuticals, Inc. - ISPH ( Insider Buying)
MannKind Corporation - MNKD ( Insider Buying)
Allis-Chalmers Energy Inc. - ALY ( Insider Buying)
Ball Corporation - BLL ( Insider selling )
Lumber Liquidators, Inc. - LL ( Insider selling )
Essa Bancorp, Inc. - ESSA ( Insider selling )
JetBlue Airways Corporation - JBLU ( Insider selling )
GE Energy Corp. - OGE ( Insider selling )
Amcol International Corp. - ACO ( Insider selling )

That's all Folks. See you tomorrow...
Cheers!

AC

Labels: AMD, CHBT, RMBS

21:30 | Permalink |

Friday, August 14, 2009

Hot stocks for next week - Rambus , Palm and CBS Corp.

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

Rambus was in focus today after has scored another legal victory in its long-running battle to collect millions of dollars in royalties on its patented designs for computer memory chips. The stock closed higher on Friday and the high-range close sets the stage for a steady to higher opening on Monday. On the technical side, the chart looks very good here. Rambus broke through $17.42 resistance and is trading above all of two major moving averages. Stochastics and the RSI are now bullish signalling that sideways to higher prices is possible near-term. The price can easily move up to 19-20 resistance in the short-term. I'm really convinced that this stock can double from here based on the latest news that have been extremely good. For that reason, I'm still holding my shares in hope of a strong move.

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

CBS Consolidation ? Volume reducing on the way down. The stock is back at the breakout area and may find support here. Volume declined on the pullback which is positive. A breakout above $10.44 will take the price to the $11.32-11.65 zone, where strong resistance exists. This resistance may not be surpassed easily.

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

At this stage PALM continues to trade mixed but looking to go higher. On the daily chart the stock is trying to test the $14.20 key resistance level again. Bulls need to keep the stock above $14, otherwise bears will enter into the market with heightened danger for bulls. This price level has become very important for both sides, bulls and bears. PALM can be a good trading stock, so keep an eye on the stock over the next few trading sessions.

That's all Folks. Have a Great Weekend...
Cheers!

AC

Labels: CBS, PALM, RMBS

23:11 | Permalink |

Thursday, August 13, 2009

HOT Breakout Stocks to watch : Dell and Ciena

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

DELL made a nice move today, but the volume could have been better. The stock broke out from a very bullish looking ascending triangle formation Thursday on increased volume signaling that this stock could make a big move into Friday. I think this stock could easily make another 15% move from here. From the technical chart KD line shows positive signals as K line is rising on top over D line, and RSI continue moving up. Another thing I would like to point out was the unusual call options activity in Dell over the day. I want to go long in the morning Friday. DELL is now a stock in a Breakout mode.

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

CIEN was one of the few strong network stocks on Thursday, as the stock was up $0.82 on 2x normal daily volume. The stock broke out of a one-month range, hitting a high of $12.83. That’s a powerful sign that high prices are likely to persist. Long positions may be considered on price weakness. $12.83 is now resistance for tomorrow. Keep a close eye on CIEN, because it will move quickly as it breaks resistance. Technically the stock is in a Breakout mode.

That's All. See you tomorrow !!

AC

Labels: CIEN, DELL

21:10 | Permalink |

New Nissan Leaf

As you know I'm very interested to know what the future era of cars will bring us, either electric or Hybrids cars. I would like to buy an electric car to get off this oil addiction we have, but like many people I have a few concerns. I assume that they will be the future of our streets, and the new technology will be for sure different from the other cars that we have seen till now.

Fortunately, many manufacturers are now interested in going green. Nissan has just has opened the veil of surprises with the New Nissan Leaf. The model is scheduled to be launched in late 2010 in Japan, United States and Europe. The new electric engine gives to the vehicle 80 kW/280 Nm, which runs 160 km (100 miles) range and according to Nissan meets the needs of 80% of the world’s drivers. For me and for my wife it’s perfect! The first couple of units will be produced at the company’s Oppama, Japan, with additional capacity planned for Smyrna, Tennessee. The lithium-ion batteries, will be produced in Zama, Japan, with additional capacity planned for the U.S., UK and Portugal. Pricing for the vehicle is expected to come in around $30,000 for the U.S. market (a very fair price).

The interior of the new Nissan Leaf is very attractive, the digital instrument board or drive controller looks very high-tech and well finished. Earlier this year Toyota and Honda released their latest hybrid cars, the new Prius and the redesigned Insight. Those affordable hybrid models have attracted lots of customers worldwide looking to reduce spending on fuel; therefore we should be aware that Nissan will also have a huge success. It is a time of changes in the auto industry.

16:00 | Permalink |

Wednesday, August 12, 2009

Trade Ideas for Thursday - Nvidia and Ciena

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

NVDA is at a point where the stock is going to make a move. Whether this is an upside or down move, that has yet to be seen. The stock has consolidated the past two weeks. If NVDA can break through Friday’s high of $14.23, the stock should make a strong upside move. On the other hand, if the stock does not break resistance, be very careful and use your stops for the downside. Shareholders may remain invested with a stop-loss at $12.90.

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

CIEN has traded in a range the past three weeks, after it gapped up last Tuesday. The top of this range is $12, which is resistance for the next breakout move. Technical chart shows bullish sign with K line on top of D line and MACD on top of signal line. If CIEN can break resistance, we should see strong volume drive the stock higher. The stock will move quickly, so watch it closely on Thursday.

That's All. See you tomorrow !!

AC

Labels: CIEN, NVDA

21:52 | Permalink |

Cramer's Mobile Internet Index (8/11/09)

CNBC’s Jim Cramer mentioned on Tuesday that investors should be buying the dip in the mobile internet plays. Cramer thinks that the recent pullback in the market is a chance to buy mobile internet stocks, and revealed his mobile internet index of 21 stocks because he thinks this is a multi-year play. The list is as follows:

Google Inc. (GOOG)
Apple Inc. (AAPL)
Research In Motion Limited (RIMM)
Starent Networks Corp. (STAR)
Cisco Systems, Inc. (CSCO)
Ciena Corporation (CIEN) – One of my favorite players
Tellabs, Inc. (TLAB)
TEKELEC (TKLC)
CommScope, Inc. (CTV)
Shanda Interactive Entertainment Ltd ADR (SNDA)
ADC Telecommunications (ADCT)
Palm, Inc. (PALM)
QUALCOMM, Inc. (QCOM)
Broadcom Corporation (BRCM)
Cypress Semiconductor Corporation (CY)
ON Semiconductor Corp. (ONNN)
NetLogic Microsystems, Inc. (NETL)
Xilinx, Inc. (XLNX)
Tessera Technologies, Inc. (TSRA)
Skyworks Solutions, Inc. (SWKS)
RF Micro Devices, Inc. (RFMD)

10:30 | Permalink |

Tuesday, August 11, 2009

Trade Ideas for Wednesday - First BanCorp and Rambus

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

FBP is still finding it difficult to move above its 50-day moving average. Fresh buy should be initiated only when the stock moves above this line of resistance now at $4.09. Technicals have turned bullish signaling sideways to higher prices possible in the near term. MACD and KD show the stock is currently showing strength to the trend.

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

RMBS - The near-term outlook is bearish. All other indicators still point to a bear market and a possible move down. A drop to the $14.50-15 level appears likely. Remain invested with a stop loss at $14.82. Only a move past $16.10 would impart a positive short-trend. There is no compelling reason to take fresh long positions at current levels.

That's All. See you tomorrow !!

AC

Labels: FBP, RMBS

20:25 | Permalink |

Monday, August 10, 2009

US Hot stocks for Tuesday - Cree and Applied Materials

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

CREE is sitting under resistance at $31.94 ( 13 dma ). The stock needs to break this resistance or will revisit the $30 area soon. Watch for high volume and relative strength/weakness before you jump on board. The buy point is when price clears the resistance line and volume expands to take the stock higher. The technical daily chart shows that MACD fast line has fallen below slow line which could mean that this stock is losing momentum. Overall still bullish, but negative momentum is on the rise. Stay tuned on CREE.

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

AMAT is still holding support at $13.25 but at the same time has not bounce very strongly here. A break below this area will likely be bearish for stock, on the other hand a close above $13.66 on heavy volume will launch a rally. Therefore a better time to buy would be to wait for K line to rise back up again above D line or buy stock only if the stock moves above $13.66 with tight stop loss.

That's all Folks. See you tomorrow !!

AC

Labels: AMAT, CREE

22:01 | Permalink |

Saturday, August 08, 2009

Three stocks to keep watching - Ciena, Trinity Industries and Verisign

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

CIEN continues to move higher and it still looks strong on its daily chart. I raised resistance to $11.78, which was Wednesday’s high. The stock is sitting right on its 13 day moving average at $11.33. The technicals, although basic, point to a move higher in the coming days. The MACD indicator is above its signal line and is indicating further strength. In addition, the RSI indicator is moving up above 50 and the +DI is greater than the -DI by a great margin, indicating a Bullish trend. CIEN can be a fast moving stock, so watch it closely on Monday.

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

TRN showed strength on Friday, as the stock closed up $.94 on the day. This stock is setting up for a big upside move, and I'm going to be there when it happens. If TRN can break through $16.03, we should see volume buying in the stock. From the technical chart both MACD and KD are showing bullish sign as MACD is rising near 0 while KD is crossing up. Keep this one on your radar for Monday.

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

VRSN traded lower on Friday, as the company released earnings after Thursday’s close. The stock traded heavy volume as it hit a low of $18.44 on the day. I will be watching VRSN on Monday, looking for a follow through move. If the sellers come back and take VRSN back through Friday’s low, we should see strong volume as the stock moves lower. Looking at the technical chart, the pullback below the short-term support level accompained by a bearish MACD crossover, suggests that the selling pressure dramaticaly increased and the stock might test $18 levels in the short term if it is able to sustain below $19.50.

That's all Folks. Have a Great Weekend...
Cheers!

AC

Labels: CIEN, TRN, VRSN

00:08 | Permalink |

Thursday, August 06, 2009

US Hot stocks for Friday - Crocs and Akamai Technologies

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

CROX released earnings after the close on Thursday, giving the stock fuel to trade higher in late trading. The stock should gap up on Friday. CROX has been in a severe downtrend the past few months, so any good news can only help the stock to reverse the long trend. I'm using Thursday’s high of $4.54 for resistance. A close above this level would have positive implications and propel the stock into the next leg of the bullish trend.

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

AKAM is picking up momentum and could make a good upside soon. Although the stock didn't perform well in July, I start to see some signals of rebound. Resistance reflects Wednesday’s high of $18.30 for the next move. The stock is back above 200 day moving average showing positive momentum. In addition, the rising KD shows the stock is probably now in recovery mode. If the tech market bounces on Friday, watch AKAM closely.

That's all Folks. See you tomorrow !!

AC

Labels: AKAM, CROX

21:52 | Permalink |

Wednesday, August 05, 2009

Hot stocks for Thursday - Cisco Systems and Yahoo

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

YHOO has been selling off since the announcement of the search deal with Microsoft. At this stage the stock looks like it wants to make a reversal. YHOO has found a bottom around $14.24 and wants to reverse to the upside. There is resistance at $14.89, which is the high from last Friday. If YHOO can break through, we should see a continuation of this reversal. Short term momentum indicators, like MACD, RSI, Stochastics are substantially oversold but have yet to show technical signs of a recovery. Keep a close watch on this stock for Thursday.

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

CSCO released better then expected earnings after Wednesday’s close and the stock is trading higher after hours. We should see a gap to the upside on Thursday in CSCO. The stock has resistance at $22.61 and this is where we will watch for the breakout. If the stock can break through, we could see a test of 52-week highs of $25.25. 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.

That's all Folks. See you tomorrow !!

AC

Labels: CSCO, YHOO

21:33 | Permalink |

Tuesday, August 04, 2009

Stock Picks for Wednesday - Alcatel and Juniper Networks

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

JNPR looks to have found support around the $26 price range, as the stock bounced off that range on Tuesday. I have been waiting for the stock to make a move, and it should occur very soon. Resistance is $26.50, which is the top of this three-day range. I'm buyer of JNPR once it breaks through this level, expecting to see an increase in volume as traders buy up the stock. Keep a very close watch on this stock for Wednesday.

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

One of my old favorite stocks is back on the list for Wednesday’s trading session. ALU took off on Tuesday, as buyers jumped in to drive it to a high of $3.08 on the day. The stock traded heavy volume and I expect a continuation move on Wednesday. Resistance reflects Tuesday’s high. Technically, the stock has broken all medium term resistances, and appears strong. At this stage, there is no reason to sell the stock. ALU has a lot of upside potential, so keep watching the stock.

That's all Folks. See you tomorrow !!

AC

Labels: ALU, JNPR

21:41 | Permalink |

AC Investor Blog

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

Monday, August 31, 2009

Trade Idea for Tuesday - Encore Wire Corporation

Friday, August 28, 2009

Stock Market Ideas for next week - Trina Solar, Trinity Industries and Rambus

Thursday, August 27, 2009

Stock Market Ideas for Friday - Citigroup and Aaple

Wednesday, August 26, 2009

Stock Market Ideas for Thursday - JDS Uniphase Corporation and Cell Therapeutics, Inc.

Tuesday, August 25, 2009

Stock Market Ideas for Wednesday - Knight Capital Group Inc. and Microsoft Corporation

Monday, August 24, 2009

Stock Market Ideas for Tuesday - Yahoo and Qwest

Friday, August 21, 2009

Stock Market Ideas for next week - JDS Uniphase and Rambus

Thursday, August 20, 2009

Hot stocks for Friday - American International Group and Citigroup

Wednesday, August 19, 2009

Stock Market Ideas for Thursday - Tessera Technologies and NetApp Inc.

Tuesday, August 18, 2009

Stock Market Ideas for Wednesday - Teck Resources Limited and Ciena

Monday, August 17, 2009

Stock Market Ideas for Tuesday - Rambus , China-Biotics and Advanced Micro Devices

Friday, August 14, 2009

Hot stocks for next week - Rambus , Palm and CBS Corp.

Thursday, August 13, 2009

HOT Breakout Stocks to watch : Dell and Ciena

New Nissan Leaf

Wednesday, August 12, 2009

Trade Ideas for Thursday - Nvidia and Ciena

Cramer's Mobile Internet Index (8/11/09)

Tuesday, August 11, 2009

Trade Ideas for Wednesday - First BanCorp and Rambus

Monday, August 10, 2009

US Hot stocks for Tuesday - Cree and Applied Materials

Saturday, August 08, 2009

Three stocks to keep watching - Ciena, Trinity Industries and Verisign

Thursday, August 06, 2009

US Hot stocks for Friday - Crocs and Akamai Technologies

Wednesday, August 05, 2009

Hot stocks for Thursday - Cisco Systems and Yahoo

Tuesday, August 04, 2009

Stock Picks for Wednesday - Alcatel and Juniper Networks

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