Stock Picks for next week - Curis, Energy Conversion Devices and Rambus

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CRIS is a stock that I've recommended in August. From the daily chart, you can see that the stock is in a medium-term uptrend line, with support at $1.90/2. At the same time, its advances have been blocked by a short-term downtrend line, with resistance at 2.44. The recent increase in trading volume and rising OBV suggests buyers are accumulating stock. Based on technical consideration, CRIS is a good trading BUY. In addition to my technical perspective, early this month Brean Murray initiated coverage on Curis with Buy rating. Target price $4. A very positive sign for the stock.

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Yesterday, ENER made a big move and broke above the strong horizontal resistance at 12.30. While the volume build-up has been fairly timid, I believe this breakout of the 12.30 level could signal a bullish phase ahead for this stock. The trend since last week was "buy on dips" and yesterday's move just confirms this fact. The technical chart above shows the stock has just entered into a short-term bull market as 13 day moving average has just crossed on top over 50 day moving average. In addition both MACD and KD show buy signal as MACD is above signal line and K line is on top of D line. The stockastic is not overbought yet, so the way should be clear to higher levels. $13.25 will act as resistance point but if breaks through there could likely be a move of 15%.

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RMBS - On the medium term basis, the share price of Rambus appears to be moving sideway, with a slight upward bias. While the share price is slowly moving up by the upside is blocked by a strong resistance at $19.60. I believe it should find support at the psychological $17.50 or the medium-term uptrend line support of $16.90. The security still has some profits to give. Still in uptrend.

Other Stocks to Watch - ( Pattern is Bullish Engulfing )

SOHU - Sohu.com Inc.
NSU - NEVSUN RESOURCES LTD
G - Genpact Ltd
PRGO - Perrigo Company
URRE - URANIUM RESOURCES INC
HEK - Heckmann Corp
URZ - Uranerz Energy Corp
AZM - Allianz SE
NLS - Nautilus Inc
ECOF - Rockstar Indust
FIT - Health Fitness Corp

Other Stocks to Watch - ( Pattern is Bearish Engulfing )

INTC - Intel Corporation
AA - ALCOA INC
VALE - Vale S A ADR
MGM - MGM MIRAGE
YHOO - Yahoo! Inc
AAPL - Apple Inc
ATVI - Activision, Inc.
CAM - Cameron Intl
LRCX - Lam Research Corporation
KLAC - KLA-Tencor Corporation
ECA - EnCana Corp
EOG - EOG Resourses
GRMN - Garmin Ltd
WLT - Walter Energy
MAN - MANPOWER INC WIS
CHL - China Mobile ltd
ARRS - Arris Group Inc
PIR - Pier 1 Imports Inc
CCJ - CAMECO CORP
HAS - HASBRO INC
AGN - ALLERGAN INCORPORATED
MFE - Network Associates
SAH - SONIC AUTOMOTIVE INC
VVUS - Vivus, Inc.
IBN - Icici Bank Ltd
VCLK - ValueClick, Inc.

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

Labels: CRIS, ENER, RMBS