Stock Picks for Tuesday - Vonage Holdings Corp., Royal Bank of Scotland Group and Cell Therapeutics

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RBS could see some recovery in the next few days. The momentum behind the recent fall is indicative of the bearish sentiment towards the stock. Hold with a stop-loss at 15.06. A close above 16.07 would be an early indication that the stock is on a new upward move. An upward move would face resistance at 16.63-17.

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Vonage shares spiked over 12% following news that the company is launching applications for the iPhone and BlackBerry that undercut the international calling rates of major wireless carriers. The free programs let U.S. users place calls that are routed over Vonage's network, at least for the international leg. Consumers could save more than 50 percent for calls to dozens of countries if they download a free Vonage application to Apple Inc iPhone and Research In Motion BlackBerry devices starting on Monday afternoon, Vonage Chief Executive Marc Lefar said. From a technical standpoint, VG broke a losing trend as the stock closed positive on Monday. The stock is now back to positive trend again as it is now back above 13 day moving average after staying below the moving average for two weeks. Now with K line now back above D line the stock has chance to start new rally. The near-term outlook is positive and a move to the 1.61-1.84 range appears likely. There is a lot of upside in this trade, so watch VG closely over the next few days.

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CTIC - Cell Therapeutics Inc. 's share price has entered into oversold territory with a stochastic value of 11.97, suggesting that a quick reversal is imminent. Resistance is now likely to be seen at 1.184, a move above could see prices testing 1,30. Prices have closed below the 5-day ema at 1.18 and the 13-day ema is at 1.30 indicating bearishness. Averages in the MACD are below the zero line in the indicator suggesting bearishness; only a crossover above the zero line will indicate bullishness. Hold with a stop-loss at 1.055. A close below this level could push the stock to the 0.84-0.75 range.

Other Stocks to Watch :

Today's candlestick pattern was a Bullish Engulfing

MOT - MOTOROLA INC
EWJ - WEBS Japan
VLO - VALERO ENERGY COR
TWX - AMERICA ONLINE INC
CBL - CBL and Associates
ADSK - Autodesk, Inc.
TWC - Time Warner Cable Inc
LPL - LG Display Co
TJX - TJX COMPANIES INC
A - Agilent Technologies
GME - GAMESTOP CP
MAT - Mattel Co
LRCX - Lam Research Corportaion
HTZ - Hertz Global Holdings
BX - Blackstone Group LP
PAYX - Paychex, Inc.
PGN - Progress Energy Inc
LDK - LDK Solar Co Ltd
BIG - Big Lots Inc
DLTR - Dollar Tree Inc
EVVV - EV3 INC
BLC - Belo Corp
SLH - Solera Holdings Inc

Today's candlestick pattern was a Bearish Engulfing

NVDA - NVIDIA Corporation
LLY - LILLY ELI & CO
VRTX - Vertex Pharmaceutical
HSY - Hershey Corp
PHH - Phh Cor
RMG - RiskMetrics Group Inc
RAME - Ram Ene Res
HRL - HORMEL FOODS CORP
ALAN - Alanco Technologies
FCN - FTI Consulting Inc
ENCO - Covalent Group, Inc.
CRTP - Concept Capital Corp
NZ - Netezza Corp
UNS - UNISOURCE ENERGY CORP

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

Labels: CTIC, RBS, VG