US hot stocks for tomorrow - American Oriental Bioengineering, Melco Crown Entertainment and China Automotive Systems

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Good base building around $4.05. Technically speaking, MPEL shares are attractive since its near to the support level. As long as the support is there, I don't think its a problem to include this stock in your short to medium term portfolio. Momentum is decreasing and many technical indicator show bullish divergence with the price movement. If the stock can hold the support we may see another short rally to $4.50. With K line on top of D line, the rally might start soon, depending on the markets mood. Let's keep an eye on MPEL as i think momentum will pick up. Morgan Stanley upgraded the stock today to Overweight from Equalweight.

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CAAS - China Automotive Systems shares closed the day gaining more than 14% to a new historic mark for stock at $19.35. CAAS has been on one of the most amazing runs of this most recent bull market. Looking at the daily chart the investor sentiment in stock showed by RSI continues strong and MACD still going up. Stock still trading in a strong Bull Market with share price above 20 dma, 50 dma and 200 daily moving average. Although RSI is showing overbought conditions, it is not yet the time to leave as the stock may continue to go up. Wait for a confirmation to take some profits.

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From the technical chart above, we can see that the AOB stock has found a nice support around the $3.75 level. The stock is probably back to uptrend and with KD rising we could see possible rally coming for the stock. The short-term targets for the stock are $4.25 and then $4.31. Short-term investors can buy with a stop at $3.89 and long-term investors can hold with a stop at $3.72.

Other Stocks to watch - ( Pattern is Bullish Engulfing )

MI - MARSHALL & ILSLEY CORP
SYMC - Symantec Corporation
EXPE - EXPEDIA INC
IP - INTERNATIONAL PAPER CO
EQR - EQUITY RESIDNTL PRO
CTSH - Cognizant Technolog
CAM - Cameron Intl
FE - FIRSTENERGY CORP
AYE - ALLEGHENY ENERGY INC
AEE - AMEREN CORP
WY - WEYERHAEUSER CO
GNK - GENCO SHIPPING & TR
CAR - Avis Budget Group Inc
FNF - FIDELITY NATIONAL
TDC - Teradata Corp
KEG - Key Energy Services
LUK - LEUCADIA NATIONAL CORP
WBS - Webster Financial Cp
CYD - CHINA YUCHAI INTL LTD
BMR - BIOMED REALTY TR INC
SRE - SEMPRA ENERGY
PSYS - Psychiatric Solutions
DTE - D T E ENERGY CO
LNT - Alliant Energy Corp
TTI - T E T R A TECHNOLOGIES
NZ - Netezza Corp
RVBD - Riverbed Technology
RYN - RAYONIER INC
AF - Astoria Financial C
FTI - FMC Technologies Inc.
ONB - OLD NATIONAL BANCOR
NST - NSTAR
BGG - BRIGGS & STRATTON CORP
PWRD - Perfect World Co Ltd
AJG - GALLAGHER ARTHUR
SUG - SOUTHERN UNION CO
EV - EATON VANCE CORP
CBSH - Commerce Bancshares
EMS - EMERGENCY MEDICAL S
NM - Intl Shipping Entr
CHUX - O'Charley's Inc.
EXR - EXTRA SPACE STORAGE
PNY - PIEDMONT NAT GAS CO
CRUS - Cirrus Logic, Inc.
AEL - AMER EQUITY INV LIF
WCC - WESCO INTERNATIONAL
BJRI - Chicago Pizza & Bre
FEIC - FEI Company

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.

AC

Labels: AOB, CAAS, MPEL