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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 )

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

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TSL - Triangle break out to the upside next week. Chart looks imminent.

RMBS - The hottest stock of the market to hold.

Thanks AC for your tips...

Professional Trader

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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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