Stock Picks to watch next week - Curis, Rambus and Celera Corporation

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RMBS - The stock failed to continued it’s bullish scenario yesterday. The bearish channel on daily chart has been violated to the downside. The bias is bearish in nearest term but major bullish scenario can not be said over. The stock is now trapped in rectangle formation ( 15.85 – 17.16 ). A break from the rectangle formation should give us a clearer direction. Technically, ADX is at 21 levels and –DI is above +DI. MACD indicator has also crossed below its signal line, another bearish indication. The only bright spot is that the RSI indicator has not made a new low yet. For trend to reverse, RMBS has to conquer the resistance at 16.09 and 16.76 MA5. The stock is still above its low of $14.33 set in Jul 2009. There should be buying support near the 15.84 level.

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CRA - Stochastic made a bullish crossover on Friday and ADX is increasing. This shows that investors are bullish on this stock. The stock is still facing resistance around $6.23. Fresh long should be made only when the stock moves above this resistance level. Support level is at $6.17 and $5.97 respectively.

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CRIS looks like it has very good support at $1.90. The stock is pretty close to their all time highs, and whats impressive is that they haven't suffered at all through the current downside market. They had a nice move higher from August through September, and have been consolidating over the past weeks. On the daily chart, MACD is moving down on histo negative as well, this means weakness for the stock in the short term. However, given the fact that the CRIS is still above its up trend support line, Bullish investors are still in safe territory. CCI is in oversold area and heading up on daily chart suggesting a potential upside pressure testing 2.14 and 2.17 resistance area. The recent pullback has been on lower volume just as it should be. Looking for a nice bounce from here with accumulation and relative strength.

Other Stocks to Watch - ( Pattern is Bullish Engulfing )

VECO - Veeco Instruments Inc.
LAB - LaBranche and Co Inc
MDAS - MedAssets Inc
PETS - Petmedexpress.com Inc
TRP - Transcanada Corp
ARRY - Array BioPharma Inc
ARYX - ARYx Therapeutics Inc
GKSR - G&K Services, Inc.
CEVA - ParthusCeva Inc
AZPN - Aspen Technology, Inc.
CASC - CASCADE CORP

Other Stocks to Watch - ( Pattern is Bearish Engulfing )

GE - GENERAL ELECTRIC CO
XRX - XEROX CORP
NWSA - News Corp Ltd pf
STI - SUNTRUST BANKS INC
DUK - DUKE ENERGY CORP
VLO - VALERO ENERGY CORP NEW
GGB - GERDAU USA
BRCM - Broadcom Corporation
CNO - CONSECO INC
MTG - M G I C INVT CORP WIS
SPLS - Staples, Inc.
NUE - NUCOR CORP
AVP - AVON PRODUCTS INC
WYNN - Wynn Resorts LTD
WU - Western Union
BQI - Oilsands Quest
MOS - Mosaic Co
CNX - CONSOL Energy Inc
CY - CYPRESS SEMICONDUCTOR
KWK - Quicksilver Resources
TSO - Tesoro Corp
JBL - JABIL CIRCUIT INC
YGE - Yingli Green Energy
UN - UNILEVER N V
ATLS - Atlas Energy Inc
LDK - LDK Solar Co Ltd
TEL - Tyco Electronics Ltd
SNE - SONY CORP
TTM - TATA MOTORS LTD ADS
VTG - Vantage Drilling
CREE - Cree, Inc.
HSY - Hershey Corp
RPRX - Zonagen, Inc.
CRM - SALESFORCE.COM INC
FLIR - FLIR Systems, Inc.
RRR - RSC Holdings Inc
TDC - Teradata Corp
HOGS - Strong Technical Inc
CLWR - Clearwire Corp A
RNWK - RealNetworks, Inc.
R - Ryder System Inc
COIN - Converted Organics Inc
SOHU - Sohu.com 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: CRA, CRIS, RMBS