Stock Picks for Thursday - American Oriental Bioengineering Inc. and EarthLink Inc.
( click to enlarge )ELNK tried to break out on Wednesday, but the week market pulled the stock down from its high on the day. The stock hit a high of $8.84 which is now resistance for Thursday’s follow through move. Although this trend is encouraging, the near-term outlook stays cautious till the stock closes conclusively above this level on heavy volume. Bulls could remain invested with a stop loss at $8.34.
( click to enlarge )AOB is now trading back above the 10 day moving average which is very bullish. Wednesday’s high is resistance for a follow through bounce move on Thursday. I'm buyer of AOB once the stock breaks through these highs and expect to see a strong upside move. Short-term investors can buy with a stop at $4,64 and long-term investors can hold with a stop at $4,56. Let's keep an eye on her as i think momentum will pick up.
Other Stocks to Watch - ( Pattern is Bullish Engulfing )
DE - DEERE & CO
NBR - Nabors Industries Inc
KIM - KIMCO REALTY CORP MD
TJX - TJX COMPANIES INC
SO - SOUTHERN CO
EXPE - EXPEDIA INC
BEXP - Brigham Exploration Co
FIS - CERTEGY INC
ICO - INTERNATIONAL COAL
KMB - KIMBERLY CLARK CORP
JOE - ST JOE CORP
CHINA - CDC Corp
IVN - IVANHOE MINES LTD ORD
OSK - Oshkosh Corp
OXIS - OXIS International Inc
FMCN - Focus Media Hldg
BWA - BorgWarner Inc
OWW - Orbitz Worldwide Inc
MAC - MACERICH CO
BMR - BIOMED REALTY TR INC
GRMN - Garmin Ltd
HP - HELMERICH & PAYNE INC
SAH - SONIC AUTOMOTIVE INC
ROK - ROCKWELL INTERNATIONAL
PNK - PINNACLE ENTERTAINMENT
LNG - Cheniere Energy Inc
ICLR - ICON plc
SPDE - SpeedUs.com Inc.
Other Stocks to Watch - ( Pattern is Bearish Engulfing )
CAL - CONTINENTAL AIRLINES
LLY - LILLY ELI & CO
COMS - 3Com Corporation
ACS - AFFILIATED COMPUTER
NCR - N C R CORP
HUM - HUMANA INC
LNCR - Lincare Holdings Inc.
DBRN - Dress Barn, Inc. (The)
ELY - CALLAWAY GOLF CO
RYAAY - Ryanair Holdings plc
ASH - ASHLAND INC
SLH - Solera Holdings Inc
IMAX - Imax Corporation
UNTD - United Online Inc
UA - UNDER ARMOUR INC
STBA - S&T Bancorp, Inc.
UTIW - UTI Worldwide Inc
ZAAP - Zero Air Pollution
TWB - TOO INC
SIMO - SILICON MOTION TECHN
GEOY - Orbimage Inc
AKNS - Akeena Solar Inc
CRNT - Ceragon Network
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
