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

« Home | Stock Market Ideas for Thursday - Tessera Technolo... » | Stock Market Ideas for Wednesday - Teck Resources ... » | Stock Market Ideas for Tuesday - Rambus , China-Bi... » | Hot stocks for next week - Rambus , Palm and CBS C... » | HOT Breakout Stocks to watch : Dell and Ciena » | New Nissan Leaf » | Trade Ideas for Thursday - Nvidia and Ciena » | Cramer's Mobile Internet Index (8/11/09) » | Trade Ideas for Wednesday - First BanCorp and Rambus » | US Hot stocks for Tuesday - Cree and Applied Mater... » 

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 )

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: ,

Bookmark and Share

Have you ever heard of Verenium Corp (VRNM)They are supposed to be the leader in Cellulosic Ethanol? Backed by the U.S. Governments Energy Department. The U.S. has passed numerous legislation, mandating cellulosic ethanol productions. I would like to know your opinion on this possible investment.

Thx,

Marg

Post a Comment
Contact

About Me

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

  • Benzinga.com supporter

    Benzinga.com supporter



    FREE NEWSLETTER

      Enter your email address:

      Delivered by FeedBurner

      Subscribe my feed :

    Support AC

    • Support AC Investor Blog, Donate with PayPal

    Advertising

      Interested in advertising on AC Investor Blog ? Click Here

    TRANSLATOR

    Site Information

    Stock Market Blogroll

    Friends BLOGROLL

    ARCHIVES

Powered by Blogger
and Blogger Templates


Add to Google