Hot stocks for next week - JDS Uniphase Corporation, Curis, Cell Therapeutics, Rambus and Sirius XM Radio Inc.

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JDSU had a good move on Friday. The stock has been under accumulation for a couple days now. The volume on accumulation days consistently exceeded the volume on distribution days. That's a bullish sign. In addition, the technical daily chart above shows the stock is in a bull market as MACD is on top of signal line K line is on top of D line, both indicating buy. JDSU is also on top of 50 day and 200 day moving average showing the stock is in bull market.The price can head towards the $8.25/8.40 zone. If this zone is surpassed, getting to 9.5 would be a possibility. Add to your position once there is a close above 7.90.

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The stock traded down over the last trading sessions, but not enough to make me stop watching. The volume in the stock was weak compared with recent sessions when prices rose, which means traders are not betting on the downside. I think the stock is still in a consolidation range, waiting to make a big move. I'm watching SIRI on Monday, and I'm buyer once the stock breaks Friday’s high of $0.64. If the stock does break through, we should see an increase in volume as traders enter this trade. SIRI will move quickly, so watch it closely.

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CTIC - The technical daily chart shows a continuation of the trend with MACD on top of 0 and K line on top of D line. There are a several indicators showing the stock is on the course to go higher. Once the stock breaks above Friday’s high of $1.19, get ready to enter the trade on the continuation move.

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I am totally bullish on Rambus and buy at every dips. Look's like something is cooking between Rambus and Samsung. I mean it's obvious! The technical chart still showing a bullish bias. KD line shows positive signs as K line is rising on top over D line and RSI continue moving up. I suspect the stock may continue to appreciate over the coming days.

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I still feel the stock is setting up for another breakout move. CRIS broke out to new 2009 highs on Thursday, as the stock hit $3.09 on the day. This high is resistance for the follow though move, which should occur very soon. The stock is showing signs of strong acumulation with high volume on upside days and low on downside days. Do not be surprised if CRIS consolidates again on Monday, but keep watching in case it moves. This will be a fast moving trade, so you need to watch the stock very closely throughout the next few days.

Other Stocks to Watch :

Stocks that have a Bullish Engulfing pattern at the end of their daily chart.

SCI - SERVICE CORPORATION
GLG - Freedom Acquisition
TCO - TAUBMAN CENTERS INC
VCLK - ValueClick, Inc.
CNK - Cinemark Holdings Inc
HEK - Heckmann Corp
IMGN - ImmunoGen, Inc.
JDAS - JDA Software Group
HPJ - Hong Kong Highpower
LNG - Cheniere Energy Inc
MDOR - MAGNUM D'OR RES INC
UBET - Youbet.com, Inc.
EMMS - Emmis Communication
STRL - Sterling Constructi
SCVL - Shoe Carnival, Inc.
HHGP - Harris & Harris Gro

Stocks that have a Berish Engulfing pattern at the end of their daily chart.

MCLN - General Devices Inc
MRK - Merck & Co
DUK - DUKE ENERGY CORP
SU - SUNCOR ENERGY INC
SLM - USA EDUCATION INC
KSS - KOHLS CORP
EXC - EXELON CORPORATION
PEG - Public Service Ente
DPTR - Delta Petroleum Corporation
EXPE - EXPEDIA INC
STJ - ST JUDE MEDICAL INC
MDR - MCDERMOTT INTL INC
ARIA - ARIAD Pharmaceutical
D - DOMINION RESOURCES
CEG - Constellation Energ
ENDP - Endo Pharmaceutical
ENER - Energy Conversion D
CE - CELANESE CORPORATION
VRTX - Vertex Pharmaceutical
SNPS - Synopsys, Inc.
WLT - Walter Energy
SOLR - GT Solar International
RS - RELIANCE STEEL & AL
CSIQ - Canadian Solar Inc
CZZ - Cosan Limited Cl A
KMGB - KMG Chemicals, Inc.
BMGP - IBISES INTL INC
ACH - ALUMINUM CORP OF CH
SNDA - SHANDA INTERACTIVE
HALO - HALOZYME THERAPEUTICAL
ETP - HERITAGE PROPANE PT
MDVN - Orion Acquisition C
LTUS - Lotus Pharmaceutical

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 !!!

AC

Labels: CRIS, CTIC, JDSU, RMBS, SIRI