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Thursday, December 17, 2009 

Stock Picks for Thursday - Sirius XM Radio , Curis and Cell Therapeutics

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CTIC has been drifting lower since making a high of 2.23 in June. At this stage, the share price of CTIC appears to be moving sideway, with a slight upward bias. While the share price is slowly moving up by the upside is blocked by a strong resistance around 1.286. The recent increase in trading volume and rising OBV suggests buyers are accumulating stock. A breakout above $1.30 would constitute a technical entry for the short term trader looking for a quick trade. Technically, the stock could go either way and my bias is to the upside, but I do not have enough conviction yet based on this setup.

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CRIS - I love this pick. This chart looks pretty bullish. The stock has been under strong accumulation since the beginning of November and is sitting right on its 13 MA. For the short term, it is consolidating inside an ascending triangle with resistance at 3.01. If it breaks out of the ascending triangle, target price is at 3.38. A good breakout volume would be above 1M shares traded. Looking at the technical daily chart, MACD is indicating a bullish signal as it is above the signal line and at the same time above the center line. RSI still above 50. It seems that $3.01 is an important level. Apparently the stock has some legs to break this up. I need to have it confirmed by this week. Future will tell.

( click to enlarge )

SIRI - The support at around 0.60 has been tested and is still holding. It may rebound to the 0.64-0.65 region. The stock is probably back to uptrend and with KD rising we could see possible rally coming for the stock. Let's keep an eye on her as i think momentum will pick up. On the other hand, if If the 0.60 level is broken, then the next support is at 0.54 to 0.56. Bulls and bears are in equal strength.

Other Stocks to Watch :

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

YHOO - Yahoo! Inc
MCO - Moody's Corp
UNP - UNION PACIFIC CORP
IVZ - INVESCO LTD
FMCN - Focus Media Hldg
CHU - CHINA UNICOM LTD
WIT - Wipro Ltd
HBI - HANESBRANDS INC
HRS - HARRIS CORP
PKX - POHANG IRON & STEEL CO
BWP - BOARDWALK PIPELINE

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

GLW - CORNING INC
WMT - Wal-Mart Stores Inc
MO - ALTRIA GROUP
ESRX - Express Scripts, Inc.
MHS - MEDCO HEALTH SOLUTI
DUK - DUKE ENERGY CORP
JOYG - Joy Global Inc
MDT - MEDTRONIC INC
OSIP - OSI Pharmaceuticals
FHN - FIRST TENNESSEE NAT
FSLR - First Solar Inc
FTO - FRONTIER OIL CORP
LWSN - Lawson Software, Inc.
POM - Potomac Electric Po
GTE - GRAN TIERRA ENERGY
GNK - GENCO SHIPPING & TR
AEE - AMEREN CORP
INCY - Incyte Genomics Inc.
AGN - ALLERGAN INCORPORATED
ENER - Energy Conversion Devices
IR - INGERSOLL RAND CO
THOR - Thoratec Laboratories
TIVO - TiVo Inc.
CEG - Constellation Energ
CGA - China Green Agricul
BDX - Becton Dickinson
PLCM - Polycom, Inc.
LIFE - Invitrogen Corporation
ETN - EATON CORP
PBG - PEPSI BOTTLING GROUP
ARRS - Arris Group Inc
DPL - D P L INC
TKR - TIMKEN CO
EBR - Centrais Eletricas
HEAT - SmartHeat Inc
HSC - HARSCO CORP
WBD - WIMM BILL DANN FOODS
MDCO - Medicines Company
NTRI - Nutri/System Inc
HS - HEALTHSPRING INC
NEP - DRACO HLDG CP
SLXP - Salix Pharmaceutical
NKTR - Nektar Therapeutics
RS - RELIANCE STEEL & AL
PAA - PLAINS ALL AMERICAN
AJG - GALLAGHER ARTHUR
CRL - CHARLES RIVER LABOR
PFCB - P.F.Chang's China B

List of stocks where MA 13 crossed below the MA 50 ( Bearish Cross ) on Wednesday

XOM - EXXON MOBIL CORP
GG - GOLDCORP INC
AMGN - Amgen Inc.
EXXI - Energy XXI Ltd
AVP - AVON PRODUCTS INC
ANF - ABERCROMBIE & FITCH CO
NKE - NIKE INC CL B
SOMX - SOMAXON PHARMACEUTIC
USEG - U.S. Energy Corp.
EZCH - Ezchip Semicon
FNSR - Finisar Corporation
HAR - HARMAN INTL INDS INC
TTHI - Transition Therapeu
CGSY - Capitl Grwth Sys
BBVA - BANCO BILBAO VIZCAYA
TRH - TRANSATLANTIC HLDGS.
EWD - WEBS Sweden
CEXI - CEDX INC CL A STK U
ENH - Endurance Specialty
RBA - RITCHIE BROS AUCTIO
DUSA - DUSA Pharmaceuticals

List of stocks where MA 13 crossed above the MA 50 ( Bullish Cross ) on Wednesday

AA - ALCOA INC
NWSA - News Corp Ltd pf
JAVA - Sun Microsystems, Inc.
PRU - PRUDENTIAL FINANCIA.
RSX - Market Vectors Russ.
FLEX - Flextronics Internartional
SAI - SAIC INC
MFA - Mfa Financial
DRI - DARDEN RESTAURANTS INC
MAR - MARRIOTT INTL INC NEW
ARRY - Array BioPharma Inc
LPX - LOUISIANA PACIFIC CORP
VRSK - Verisk Analytics
SOLR - GT Solar International
MAC - MACERICH CO
RHI - ROBERT HALF INTL INC
GLG - Freedom Acquisition
TDW - TIDEWATER INC
PDE - PRIDE INTL INC
CHRW - C.H. Robinson World
CVBF - CVB Financial Corp
PLAB - Photronics, Inc.
CCTYQ - CIRCUIT CITY STRS
ASH - ASHLAND INC
SNS - Steak N Shake
BLL - BALL CORP
CUZ - COUSINS PROPERTIES INC
TMK - TORCHMARK CORP
SPPI - Spectrum Pharmaceutical
PYMX - POLYMEDIX INC
SFSF - SuccessFactors Inc
HEV - Enerl Inc
PNR - PENTAIR INC
BLC - Belo Corp
AAN - AARON RENTS INC
EPR - ENTERTAINMENT PROP
ADPT - Adaptec, Inc.
IFSG - Cyber Merchants Exc
CBST - Cubist Pharmaceutic
VAL - VALSPAR CORP
FR - First Industrial Re
PTP - Platinum Underwrite
WWW - WOLVERINE WORLD WID
TRI - THOMSON CORP
ES - EnergySolutions Inc
LYV - Live Nation
JPS - NUVEEN QUAL PREF IN
RVT - ROYCE VALUE TRUST INC
ZZ - SEALY CORPORATION

List of stocks where MA 50 crossed below the MA 200 ( Dead Cross ) on Wednesday

WFT - Weatherford Interna
THMRQ - Thornburg Mortgage Inc
PARD - NeoRx Corporation
FCEL - FuelCell Energy, Inc.
DPZ - DOMINO'S PIZZA INC
DUF - DUFF & PHELPS CL A
JAV - Intercontinental Te
AIDO - Adv ID CORP
KDKN - KODIAK ENERGY INC
KFS - KINGSWAY FINANCIAL
AMN - AMERON INTERNATIONA.
RUTH - Ruth's Hosptalty

List of stocks where MA 50 crossed above the MA 200 ( Golden Cross ) on Wednesday

PBCT - People's Bank
DDSS - LABOPHARM INC
RPT - RAMCO GERSHENSON PP

List of stocks where the chart is displaying a Bullish Signal Reversal Alert

ACMR A.C. Moore Arts & Crafts, Inc.
ACTU Actuate Corp.
ADTN ADTRAN, Inc.
AFFX Affymetrix, Inc.
ARBA Ariba, Inc.
ARRS Arris Grp., Inc.
BRCD Brocade Communications Systems, Inc.
CAEI China Architectural Engineering, Inc.
CBEH China Integrated Energy, Inc.
CCMP Cabot Microelectronics Corp.
CHKE Cherokee, Inc.
CTIC Cell Therapeutics, Inc.
DECK Deckers Outdoor Corp.
FXEN FX Energy, Inc.
GFIG GFI Group Inc.
GOLD Randgold Resources Ltd.
ICLR ICON PLC
IDIX Idenix Pharmaceuticals Inc.
JRCC James River Coal Company
LKFN Lakeland Financial Corp.
NAVG Navigators Group, Inc.
NBIX Neurocrine Biosciences, Inc.
NITE Knight Capital Group, Inc.
OKSB Southwest Bancorp, Inc.
OREX Orexigen Therapeutics, Inc.
RGEN Repligen Corp.
SGEN Seattle Genetics Inc.
VITA Orthovita Inc.

List of stocks where the chart is displaying a Bearish Signal Reversal Alert

AMLN Amylin Pharmaceuticals, Inc.
ANAT American National Insurance Co.
AUDC AudioCodes Ltd.
AXTI American Xtal Technology
CAMD California Micro Devices Corp.
HPOL Harris Interactive, Inc.
HSWI HSW International, Inc.
HTBK Heritage Commerce Corp.
IBAS iBasis, Inc.
INSP InfoSpace, Inc.
MLNK ModusLink Global Solutions, Inc.
NABI Nabi
PCYC Pharmacyclics, Inc.
PLLL Parallel Petroleum Corp.
QPSA Quepasa.com Inc.
RAME RAM Energy Resources, Inc.
SOLF Solarfun Power Holdings Co., Ltd.
UBSI United Bankshares, Inc.
VIGN Vignette Corp.

List of Stocks in a New Uptrend according to the technical indicator ADX

ABCO Advisory Board Co.
AMRI Albany Molecular Research, Inc.
ARRY Array Biopharma, Inc.
BFIN BankFinancial Corp.
CBST Cubist Pharmaceuticals, Inc.
CLDA Clinical Data, Inc.
CLNE Clean Energy Fuels Corp.
COYN COPsync, Inc.
RZO Carrizo Oil & Gas, Inc.
CTCH Commtouch Software Ltd.
DSCM drugstore.com, Inc.
EMMS Emmis Communications Corp.
ERIE Erie Indemnity Co.
EXEL Exelixis, Inc.
GHDX Genomic Health, Inc.
LOGM LogMeIn Inc.
LSTR Landstar System, Inc.
MSHL Marshall Edwards Inc.
MYRG MYR Group, Inc.
NETL NetLogic Microsystems, Inc.
NWS News Corp. Ltd.
NWSA News Corp. Ltd.
PSEC Prospect Capital Corp.
RPFG Rainier Pacific Financial Group, Inc.
SFLY Shutterfly Inc.
SHOO Steven Madden, Ltd.
SRDX SurModics, Inc.
SSTI Silicon Storage Technology, Inc.
TYPE Monotype Imaging Holdings Inc.
UTHR United Therapeutics Corp.
UTIW UTi Worldwide Inc.
VIAP VIA Pharmaceuticals, Inc.
WCRX Warner Chilcott Plc
WIBC Wilshire State Bank
WTFC Wintrust Financial Corp.

List of Stocks in a New Downtrend according to the technical indicator ADX

ABTG Ambient
AUXL Auxilium Pharmaceuticals Inc.
HILL Dot Hill Systems Corp.
INVC Innovative Card Technologies, Inc.
ORCC Online Resources & Communications Corp.
PCAR PACCAR, Inc.
PRAA Portfolio Recovery Associates, Inc.
SCLX Sino Clean Energy 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. Have a great trading day !!!

AC


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  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 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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