Stock Market Ideas for Friday - Dell , Energy Conversion Devices and Suntech Power Holdings Co.

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STP was one of the big winners on Thursday, as the stock traded up on their earnings. The technical indicators are looking better now for the stock. STP has broken the upper channel line of this short term downtrend line and is now very bullish with the breakout having a large spread and volume. Looking at the daily technical chart the stock has just entered into a bull market as the stock is on top of 50 day and 200 day moving average. Other technical indicator such as MACD, is above 0 showing positive momentum while KD line also show buy signal as K line is on top of D line. Technically speaking the stock is painting a “Bullish” picture. The share price is likely to move to the target zone of the 17.60-18 range. For the long term the stock should still continue to go up.

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ENER is a Solar stock that has taken a beating the past few months. The stock is at top end of the downtrend, but has the potential to reverse this trend. I like these formations and expect the stock to move quickly once it break through resistance at $10.84. Once ENER does break through, I expect to see heavy volume pushing the stock higher.

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DELL is trading down after hours on Thursday, after the company released earnings below the market's expectations. This stock should gap down on Friday, and be one of the higher volume stocks on the day. Support for DELL is $14.81, which was the low on October 2.

Other Stocks to watch - ( Pattern is Bullish Engulfing )

AUY - YAMANA GOLD INC
IAG - IAMGOLD CP
AWK - American Water Work
MA - MASTERCARD INCORPOR
ANN - ANNTAYLOR STORES CORP
NXG - NORTHGATE MINERALS
HOLI - Holysy Auto Tech
CEF - Central Fund of Can
GRS - GAMMON GOLD
VR - Validus Holdings Ltd
CPNO - COPANO ENERGY LLC UTS
SOLR - GT Solar International
AMLM - American Lithium
TK - Teekay Co
TRGT - Targacept Inc
RIGL - Rigel Pharmaceutical
RGLD - Royal Gold, Inc.
SMP - STANDARD MOTOR PROD
GHLV - Global Health Ventu
PMC - Pharmerica Corp
NEPH - NEPHROS INC
FTK - FLOTEK INDS INC (DE)
CNK - Cinemark Holdings Inc
CCO - CLEAR CHANNEL OUTDO
PODD - Insulet Corp
ACAD - ACADIA PHARMACEUTICAL
FUN - CEDAR FAIR L P
AIRT - AIR T INC
TAMO - Tamm Oil and Gas Corp
MSD - Mgn Snnly Dean Wtr
FDML - Fedral-Mgul Corp
AIS - Antares Pharma Inc
TSCM - TheStreet.com, Inc.
DGIT - DG FastChannel
LAVA - Magma Design Auto
JRO - NUVEEN FLT RATE INC
TU - TELUS Corp
DKT - Deutsch Bk
SFE - Safeguard Scien

Other Stocks to Watch - ( Pattern is Bearish Engulfing )

MO - ALTRIA GROUP
SII - SMITH INTL INC
RX - IMS HEALTH INC
FL - Foot Locker Inc
NWS - News Corp Ltd ADR
CVM - CEL-SCI Corp
IO - Ion Geophysical
PRGN - Paragon Shipping Inc
PGH - Pengrowth Energy Trust
BKE - Buckle Inc
UXG - US Gold Corp
CSR - CHINA SECURITY & SU
LGND - Ligand Pharmaceutical
RPRX - Zonagen, Inc.
ITWO - I2 Technologies
CERS - Cerus Corporation
IVAN - Ivanhoe Energy Inc
ONCY - Oncolytics Biotech
END - Continental Southern
SYNA - Synaptics Incorporated
NS - VALERO LP
CFW - CANO PETROLEUM INC
KV.A - K-V Pharmaceutical Co
SHOO - Steven Madden, Ltd.

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: DELL, ENER, STP