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Tuesday, November 24, 2009 

Stock Picks for Wednesday - Cell Therapeutics , Tellabs and American Oriental Bioengineering

( click to enlarge )

CTIC had a nice surge a few days ago and has been consolidating that move since then.The stock is displaying upside momentum and is poised to move higher from these levels. Nearest resistance for the stock is at $1.14. If this level is crossed and the stock is able to sustain above this level, then it might go to $1.205. On the downside, the stock has support at $1.055. The stock is currently in a new uptrend.

( click to enlarge )

TLAB - The downward pressure doesn't look strong at this level. This observation is obtained base on the daily MACD reading that shows some contradiction with the price movement. Despite weak signal from MACD in the technical daily chart as MACD and signal line are below 0, the technical chart shows this might be a great time to buy the stock as K line has just crossed on top over D line showing buy signal while ROC is still at oversold level. A break above $5.94 would be bullish. Let's keep an eye on it.


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AOB - Looks like it has found a possible bottom at $3.73. The daily shows a bullish reversal candle. It may possibly head higher from here.

Other Stocks to watch - ( Pattern is Bullish Engulfing )

AONE - A123 Systems Inc
ILMN - Illumina, Inc.
SLB - SCHLUMBERGER LTD
NBR - Nabors Industries Inc
DRAM - Dataram Corporation
CDNS - CADENCE DESIGN SYS INC
NE - NOBLE DRILLING CORP
SWN - SOUTHWESTERN ENERGY CO
ADPT - Adaptec, Inc.
KLAC - KLA-Tencor Corporation
HERO - HERCULES OFFSHORE I
GENZ - Genzyme General
ADCT - ADC Telecommunications
SPF - STANDARD PACIFIC CORP
NFX - NEWFIELD EXPLORATION
CTRP - CTRIP.COM INTL LTD
EXH - Exterran Holdings Inc
UFS - Domtar Corp
DO - DIAMOND OFFSHR DRLL
TGEN - Targeted Genetics C
CMED - CHINA MEDICAL TECH
ONXX - ONYX Pharmaceutical
TKLC - Tekelec
SUG - SOUTHERN UNION CO
VGZ - Vista Gold Corp
AHT - ASHFORD HOSPITALITY
CLR - Continental Resources
RMD - RESMED INC
CHT - CHUNGHWA TELCOMM
IEZ - ISHARES DOW JONES
ANDS - ANADYS PHARMACEUTICAL
MDU - M D U RESOURCES GRO
PGPDQ - PILGRIMS PRIDE CP
BWLD - BUFFALO WILD WINGS INC
CISG - CNinsure Inc
OFG - ORIENTAL FNCL GROUP
WGO - WINNEBAGO INDUSTRIES
TRMS - Trimeris, Inc.

Other Stocks to Watch - ( Pattern is Bearish Engulfing )

PFE - PFIZER INC.
ORCL - Oracle Corporation
MS - Morgan Stanley Dean
KFT - KRAFT FOODS INC
DHI - Horton DR Inc
STX - Seagate Tech
ADSK - Autodesk, Inc.
UPS - UPS
CA - CA Inc
WFMI - Whole Foods Market
SPG - SIMON PROPERTY GROUP
CDE - COEUR D ALENE MINES
PEG - Public Service Ente
CELG - Celgene Corporation
MAS - Masco Corporation
CHS - Chicos FAS Inc
VM - Virgin Mobile USA Inc
BVF - BIOVAIL CORPORATION
DRI - DARDEN RESTAURANTS INC
BXP - BOSTON PROPERTIES INC
NVE - SIERRA PACIFIC RESOURCES
DHR - DANAHER CORP
PCAR - PACCAR Inc
WY - WEYERHAEUSER CO
VTI - Vanguard Total Stoc
CTV - COMMSCOPE INC
GRS - GAMMON GOLD
MWW - Monster Worldwide Inc
OI - OWENS ILLINOIS INC
SNPS - Synopsys, Inc.
PCL - PLUM CREEK TIMBER CO
HRL - HORMEL FOODS CORP
AAV - Advantage Oil&Gs
RY - ROYAL BANK OF CANADA
CSIQ - Canadian Solar Inc
CAKE - Cheesecake Factory
EAT - BRINKER INTL INC
GCO - GENESCO INC
RKH - Regional Banks HOLD
USG - U S G CORP
MBT - MOBIL TELESYSTEMS
NLC - NALCO HOLDING CO
ECL - ECOLAB INC
VMC - VULCAN MATERIALS CO
GY - GENCORP 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

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  • I'm a 38 year old Independent Trader using propriety technical analysis with more than 18 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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