Stock Market Ideas for Thursday - JA Solar Holdings Co. and Sirius XM Radio Inc.
Chart courtesy of www.stockcharts.com ( click to enlarge )JASO - Wednesday, JASO bounced back the last part of the day, as the stock closed up $0.08 on the day. At this stage the stock is oversold and could bounce. Despite weak signal from MACD in the technical daily chart as MACD and signal line are below 0, the technical indicator KD line is showing strength where K line has just rose on top of D line indicating buy. I'm using the 200-day moving average at $3.60 as a reversal resistance level for this move. I notice also a bullish divergence formed on the daily chart supporting a bounce from these levels.
Chart courtesy of www.stockcharts.com ( click to enlarge )SIRI is looking pretty bearish after the top and then a failed consolidation. Several indicators point towards a substantial short-term change. Looking at the daily chart the stock broke down today, reversing a two-month uptrend. In addition, MACD fast line crossed below slow line, another bearish signal for stock in short term. First support is at $0.583 with stronger support down at $0.55. A clear break and close below these levels would indicate further down moves in the stock, as new bearish formations would get confirmed.
Other Stocks to Watch :
Ciena Corporation - CIEN ( Earnings on Thrusday Before Market Open )
Jackson Hewitt Tax Service Inc. - JTX ( Earnings on Thrusday Before Market Open )
Methode Electronics - MEI ( Earnings on Thrusday Before Market Open )
Teekay Corporation - TK ( Earnings on Thrusday Before Market Open )
UTi Worldwide Inc. - UTIW ( Earnings on Thrusday Before Market Open )
Labrador Technologies, Inc. - LTX ( Earnings on Thrusday Before Market Open )
Shanda Interactive Entertainment Ltd. - SNDA ( Earnings on Thrusday After Market Close )
The Cooper Companies, Inc. - COO ( Earnings on Thrusday After Market Close )
Ulta Salon, Cosmetics & Fragrance, Inc. - ULTA ( Earnings on Thrusday After Market Close )
Esterline Technologies - ESL ( Earnings on Thrusday After Market Close )
G-III Apparel Group - GIII ( Earnings on Thrusday After Market Close )
ArcSight, Inc. - ARST ( Earnings on Thrusday After Market Close )
Cell Therapeutics, Inc. - CTIC ( Key Support 1.50 )
Vonage Holdings Corp. - VG ( Key Resistance 2.07 )
The Mosaic Company - MOS ( Bullish Engulfing )
Amkor Technology, Inc. - AMKR ( Bullish Engulfing )
Alliance One International, Inc. - AOI ( Bullish Engulfing )
Genworth Financial, Inc. - GNW ( Bearish Engulfing )
Kraft Foods Inc. - KFT ( Bearish Engulfing )
Bank of America Corporation - BAC ( Bearish Engulfing )
Taiwan Semiconductor Mfg. - TSM ( Bearish Engulfing )
EpiCept Corporation - EPCT ( Unusual Volume )
BCB Bancorp Inc. - BCBP ( Unusual Volume )
Imperial Industries Inc. - IPII ( Unusual Volume )
SMF Energy Corporation - FUEL ( Unusual Volume )
Youbet.com Inc. - UBET ( Oversold )
Digi International Inc. - DGII ( Oversold )
Acorn International, Inc. - ATV ( Oversold )
Capitol Federal Financial - CFFN ( Oversold )
Cypress Bioscience, Inc. - CYPB ( Oversold )
Enery Conversion Devices, Inc. - ENER ( Oversold )
TranS1, Inc. - TSON ( Oversold )
Copano Energy LLC - CPNO ( Oversold )
Evergreen Solar Inc. - ESLR ( Oversold )
Tekelec - TKLC ( Oversold )
CPI Corp. - CPY ( Oversold )
Enersis S.A. - ENI ( Oversold )
CenturyTel, Inc. - CTL ( Unusual Call Option Volume )
Golden Star Resources Ltd. - GSS ( Unusual Call Option Volume )
Royal Gold, Inc. - RGLD ( Unusual Call Option Volume )
CommScope, Inc. - CTV ( Unusual Call Option Volume )
Take-Two Interactive Software - TTWO ( Unusual Put Option Volume )
Edison International - EIX ( Unusual Put Option Volume )
CB Richard Ellis Group - CBG ( Unusual Put Option Volume )
Medifast, Inc. - MED ( Unusual Put Option Volume )
Agnico-Eagle Mines Limited - AEM ( Unusual Put Option Volume )
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
