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Friday, September 25, 2009 

Stock Picks for next week - Bank of America Corporation , Curis, Inc. and Alcoa


( click to enlarge )

CRIS has been in the process of consolidating here for an another big up move. The stock has weathered the recent pullback without too much chart damage. It is actually pretty close to all time highs. The outlook remains bullish and the stock appears on course to move to new highs. Long positions may be considered on weakness, with a stop-loss at 2.17. The Technical chart shows positive sign as the stock has been above 200-day moving average since mid April and has formed golden cross earlier May. Honestly speaking, CRIS is one of my favourite stocks in the biotechnology sector. Keep an eye on it !!!!

( click to enlarge )

The technical daily chart is not all that impressive, but it does show that Alcoa broke out of a well defined channel and that it has started to print higher highs and lows. It's quite possible that the correction will be completed for AA next week. AA will be testing 15 very soon !

( click to enlarge )

BAC broke out of a nice base on a surge in volume towards the end of July. It has pulled back recently along with the general markets and is now looking for a bottom. The selling pressure wasn't much and the volume was light, which means the profit taking didn't seem to have much conviction. Here is the technical daily chart showing the breakout area and the subsequent consolidation pattern with a rising 50 day sma. I believe the optimism will be back after this healthy pullback !!!

Other Stocks to Watch :

Today's candlestick pattern was a Bullish Engulfing

SBUX - Starbucks Corporation
SYMC - Symantec Corporation
KO - COCA COLA CO
ATML - Atmel Corporation
PEP - PEPSICO INC
NI - NISOURCE INC
ANN - ANNTAYLOR STORES CORP
SCII - STEM CELL THERAPY
URS - U R S CORP
ISRG - Intuitive Surgical
AIZ - ASSURANT INC
SINA - sina.com
AZO - AUTOZONE INC NEVADA
LNT - Alliant Energy Corp
TRXOF - Terrane Metals
ATLS - ATLAS AMER INC
DRQ - DRIL QUIP INC
NNLX - INFECTECH INC

Today's candlestick pattern was a Bearish Engulfing

TGT - TARGET CORP
ROST - Ross Stores, Inc.
SCS - STEELCASE INC
RAH - RALCORP HOLDINGS INC
RGNC - REGENCY ENERGY
YONG - Golden Tan Inc
ROL - ROLLINS INC
ENT - Enterra Energy Corp
DYNT - Dynatronics Corporation
TRA - TERRA INDUSTRIES INC
FTR - Citizens Communications
MXWL - Maxwell Technologies

Other technical patterns :

CTIC - Cell Therapeutics - Breakdown
ART - Artio Global Investors Inc.- Breakdown
CXS - CreXus Investment Corp. - Breakdown
KBH - KB Home - Breakdown

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 !!!
Cheers!

AC

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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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