Stock Picks for Wednesday - Rambus, American Oriental Bioengineering and Salesforce.com

Tuesday, October 27, 2009

Stock Picks for Wednesday - Rambus, American Oriental Bioengineering and Salesforce.com

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Rambus is hovering around a key support level of $16.90. Buy only when the stock reverses from this support. The internal indicators ( KD, MACD and RSI ) are showing negative divergences and in the world of technical analysis, that is not good. There is something also important to point out in the chart above, the volume is daily decreasing which could mean that the current trend will probably not continue and a reversal may be imminent.

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CRM - Another interesting day today, two big down day in a row...are you going to see some lights? Watch for the 50 MA support at $56.55 level. Only a close above $62.97 would negate the short term bearish outlook.

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AOB seems to have taken good support at $4.20 and may bounce from here. A corrective rally is imminent, as this stock is in an extreme oversold condition.

Other Stocks to Watch - ( Pattern is Bullish Engulfing )

UNH - UNITEDHEALTH GROUP INC
AET - AETNA INC
KOG - KODIAK OIL & GAS CP
NKE - NIKE INC CL B
AAP - ADVANCE AUTO PARTS INC
RSG - REPUBLIC SERVICES INC
CPB - CAMPBELL SOUP CO
WM - WASTE MANAGEMENT INC
PSGI - Prime Star Group Inc
EMN - EASTMAN CHEMICAL CO
BXS - BANCORPSOUTH INC
FLO - FLOWERS INDUSTRIES INC
WCG - WELLCARE HEALTH
ISLN - Isilon Systems Inc
ENMD - EntreMed
NSANY - Nissan Motor ADR

Other Stocks to Watch - ( Pattern is Bearish Engulfing )

INTC - Intel Corporation
MAS - Masco Corporation
EXPE - EXPEDIA INC
ALTR - Altera Corporation
ARRS - Arris Group Inc
WU - Western Union
BUCY - Bucyrus Intl
XLNX - Xilinx, Inc.
VMED - Virgin Media Inc
SOA - Solutia Inc
ADI - ANALOG DEVICES INC
MCK - MCKESSON HBOC INC
KLAC - KLA-Tencor Corporation
URBN - Urban Outfitters, Inc.
ADP - Automatic Data Process
DF - DEAN FOODS INC
CAB - Cabelas Inc
GR - BF GOODRICH CO
DOV - DOVER CORP
O - Realty Income Corp
HAS - HASBRO INC
AMB - AMB Property Corp
BWA - BorgWarner Inc
CREE - Cree, Inc.
GRMN - Garmin Ltd
BEAV - BE Aerospace, Inc.
NVTL - Novatel Wireless Inc
UIS - UNISYS CORP
MW - Men's Wearhouse Inc
MFE - Network Associates
SHLD - KMart Corp
GRA - GRACE W R & CO NEW
IFSIA - Interface, Inc.
BIG - Big Lots Inc
BKE - Buckle Inc

Other Stocks to Watch - ( Very active in after-hours )

APOL - Apollo Group, Inc.
RFMD - RF Micro Devices
ILMN - Illumina, 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. See you tomorrow !!!
Cheers!

AC

Labels: AOB, CRM, RMBS