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Wednesday, December 16, 2009 

Stock Picks for Wednesday - Cardionet Inc and OceanFreight Inc.

( click to enlarge )

This is a stock I am watching closely. I am a huge fan of OCFN for the long term. The stock is currently trading near the major support and could be poised to move higher if the general markets cooperate. The technical daily chart shows the stock is due for recovery as MACD is near the neutral zone and K line has crossed on top over D line while ROC is still at oversold level. Although both 50 day and 200-day moving averages are falling, with K line now on top of D line OCNF shares have the chance to go much higher from here. Keep an eye on the $1.07 level as a floor.

( click to enlarge )

BEAT surged on Tuesday after the company said during a conference call it has hired an investment bank to evaluate its options, which could be an indication it is considering a sale, according to Dow Jones. Volume topped 3.3 million shares, compared to the 50-day average daily volume of 657,000. BEAT broke out today on pretty good volume. If this chart does what is supposed to do, it will be going higher in the days to come. At this stage, there is no reason to sell the stock. The short-term trend is up. The price can head towards the 6.4-6.5 zone. If this zone is surpassed, getting to $7 would be a possibility.

Other Stocks to Watch :

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

DELL - Dell Inc
AMD - ADVANCED MICRO DVCS
DIS - DISNEY CO WALT HLDG CO
RIMM - Research in Motion
DTV - Directv A
V - VISA Inc
CX - CEMEX S.A.
OIH - OIL SERVICE HOLDERS
OXY - OCCIDENTAL PETROLEU
BHI - BAKER HUGHES INC
SLE - SARA LEE CORP
PEG - Public Service Ente
DAN - Dana Corp
ACI - ARCH COAL INC
NOV - NATIONAL OILWELL INC
BJS - B J SERVICES CO
CSX - C S X CORP
EWW - iShares MSCI Mexico
JCG - J CREW GROUP INC
AVT - AVNET INC
COG - CABOT OIL & GAS CORP
ALV - AUTOLIV INC
IM - INGRAM MICRO INC
RRD - Donnelley (RR) & Sons
AZN - ASTRAZENECA PLC
SWK - STANLEY WORKS
SHAW - SHAW GROUP INC
RAX - Rackspace Hosting Inc
ROVI - Macrovision Corporation
MR - MINDRAY MEDICAL INT
TRW - TRW AUTOMOTIVE HLDG
STZ - Constellation Brand
EAC - Encore Acquisition Co
AB - ALLIANCE CAPITAL MGMT
CTB - COOPER TIRE & RUBBE
CBI - CHICAGO BRIDGE & IR
MSCC - Microsemi Corporation
CERN - Cerner Corporation
FIRE - Sourcefire Inc
BDK - BLACK & DECKER CORP
CELL - Brightpoint, Inc.
GXP - Great Plains Energy
SYNA - Synaptics Incorporated
TNDM - Neutral Tandem Inc
CLS - CELESTICA INC
HEV - Enerl Inc
CPO - CORN PRODUCTS INTL INC
GDI - GARDNER DENVER INC
ZRAN - Zoran Corporation
WOOF - VCA Antech, Inc.

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

BA - BOEING CO
LSI - LSI Corp
KFT - KRAFT FOODS INC
BBT - BB&T CORPORATION
MFA - Mfa Financial
AMTD - TS Ameritrade Holdi
CTSH - Cognizant Technolog
SE - SPECTRA ENERGY CORP
EGO - ELDORADO GOLD CP
CY - Cypress Semiconduct
IACI - IAC InterActiveCorp
UBS - UBS AG
ADI - ANALOG DEVICES INC
BJ - BJ'S WHOLESALE CLUB
NVTL - Novatel Wireless Inc
TLB - TALBOTS INC
PTV - PACTIV CORPORATION
CFN - Carefusion Cp
TUP - Tupperware Brands
SUSQ - Susquehanna Bancsha
RAI - RJ Reynolds Tobacco
ECL - ECOLAB INC
CTAS - Cintas Corporation
ROSE - ROSETTA RESOURCES
DRIV - Digital River, Inc.

New 52-week High stocks

ACXM Acxiom Corp.
AMSC American Superconductor Corp.
APKT Acme Packet Inc.
ATHR Atheros Communications, Inc.
BCPC Balchem Corp.
BEXP Brigham Exploration Co.
CAMD California Micro Devices Corp.
CECO Career Education Corp.
CHRS Charming Shoppes, Inc.
CHSI Catalyst Health Solutions, Inc.
COHU Cohu, Inc.
CPLA Capella Education Co.
CPNO Copano Energy
CREE Cree, Inc.
CRNT Ceragon Networks Ltd.
CRUS Cirrus Logic, Inc.
CSIQ Canadian Solar Inc.
CYBX Cyberonics, Inc.
DSCM drugstore.com, Inc.
DTSI DTS, Inc.
DWA DreamWorks Animation SKG Inc.
EBIG Eastbridge Investment Group Corp.
EQIX Equinix, Inc.
ERIE Erie Indemnity Co.
EVEP EV Energy Partners, L.P.
FGXI FGX International Holdings Ltd.
FIRE Sourcefire Inc.
GFRE Gulf Resources, Inc.
GPOR Gulfport Energy Corp.
GSIC GSI Commerce, Inc.
HCSG Healthcare Services Group, Inc.
HEAT SmartHeat Inc.
HHGP Hudson Highland Group Inc.
HMSY Health Management Systems, Inc.
ICOC ICO, Inc.
ICTG ICT Group, Inc.
IMAX Imax Corp.
INAP InterNAP Network Services Corp.
INFA Informatica Corp.
INFY Infosys Technologies Ltd.
INSU Insituform Technologies Inc.
IPXL Impax Laboratories Inc.
IRBT iRobot Corp.
ITRI Itron, Inc.
KNDI Kandi Technologies Corp.
LFUS Littelfuse, Inc.
LGCY Legacy Reserves LP
LGDI Legend Intl Holdings, Inc.
LIFE Life Technologies Corp
LIMS Starlims Technologies Ltd.
LINE Linn Energy LLC
LLTC Linear Technology Corp.
LNCR Lincare Holdings Inc.
LYTS LSI Industries, Inc.
MANH Manhattan Associates, Inc.
MCHP Microchip Technology Inc.
MDCI Medical Action Industries, Inc.
MEDX Medarex, Inc.
MGLN Magellan Health Services, Inc.
MGPI MGP Ingredients, Inc.
MHLD Maiden Holdings Ltd.
MLNK ModusLink Global Solutions, Inc.
MXIM Maxim Integrated Products, Inc.
MYL Mylan Laboratories Inc.
NEOG Neogen Corp.
NGLS Targa Resources Partners LP
NTGR NetGear, Inc.
NTRI NutriSystem, Inc.
NVLT Novelos Therapeutics Inc
NWS News Corp. Ltd.
NWSA News Corp. Ltd.
NXTM NxStage Medical Inc.
ORCL Oracle Corp.
OSUR OraSure Technologies, Inc.
PCYC Pharmacyclics, Inc.
PFCB P.F.Changs China Bistro, Inc.
PPBL Premiere Publishing Group, Inc
PRGS Progress Software Corp.
PROJ Deltek Inc.
PWER Power-One, Inc.
RECN Resources Connection Inc.
REXX Rex Energy Corp.
RMBS Rambus, Inc.
RRD Donnelley R R & Sons Co.
SANM Sanmina Corp.
SBUX Starbucks Corp.
SCHL Scholastic Corp.
SCVL Shoe Carnival, Inc.
SDXC Switch And Data Facilities Co. Inc.
SLXP Salix Pharmaceuticals Ltd.
SMCI Super Micro Computer, Inc
SNCR Synchronoss Technologies, Inc.
SORL SORL Auto Parts Inc
STAR Starent Networks, Corp.
STON StoneMor Partners L.P.
TECD Tech Data Corp.
TESO Tesco Corp.
TLVT Telvent GIT SA
TSTC Telestone Technologies Corp.
TWTC Time Warner Telecom, Inc.
UEIC Universal Electronics, Inc.
ULTA Ulta Salon Cosmetics & Fragrance Inc.
VISN VisionChina Media Inc.
VNUS VNUS Medical Technologies Inc.
VSEA Varian Semiconductor Equipment Associates, Inc.
VVTV ValueVision Intl, Inc.
WCRX Warner Chilcott Plc
WERN Werner Enterprises, Inc.
WRLD World Acceptance Corp.
WSII Waste Services Inc.
XRTX Xyratex Ltd.
ZINC Horsehead Holding Corp.
ZOLL Zoll Medical Corp.

Stocks that have a Bullish Signal Reversal Alert at the end of their daily chart

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.
XTXI Crosstex Energy Inc.

List of stocks where the chart is displaying a Buy Signal according to the technical indicator CCI

ADXS Advaxis Inc.
AEGG American Energy Group Ltd.
AFFY Affymax Inc.
AIMC Altra Holdings Inc.
AMFI Amcore Financial, Inc.
ANSV Anesiva, Inc.
APPA AP Pharma, Inc.
BEAT CardioNet Inc.
BEXP Brigham Exploration Co.
BGFV Big 5 Sporting Goods Corp.
BHWX Black Hawk Exploration Inc.
BJRI BJ's Restaurants Inc.
BRKS Brooks - PRI Automation, Inc.
CHCO City Holding Co.
CMIN Constitution Mining Corp.
COOL Majesco Entertainment Co.
CRBC Citizens Republic Bancorp
CSGH China Sun Group High-Tech Co.
CSUN China Sunergy Co. Ltd.
DPDW Deep Down Inc.
DPTR Delta Petroleum Corp.
DROOY Durban Roodeport Deep, Ltd.
DRWI DragonWave Inc.
DWSN Dawson Geophysical Co.
ECPG Encore Capital Group Inc.
EEGC Empire Energy Corp.
EPIQ EPIQ Systems, Inc.
ESRX Express Scripts, Inc.
EWBC East West Bancorp, Inc.
FARO FARO Technologies, Inc.
FIRE Sourcefire Inc.
FLXT Flexpoint Sensor Systems, Inc.
FORR Forrester Research, Inc.
FOSL Fossil, Inc.
FSIN Fushi Intl, Inc.
GEOI GeoResources, Inc.
GETI GenTek Inc.
GFRE Gulf Resources, Inc.
HELE Helen of Troy Ltd.
HHGP Hudson Highland Group Inc.
HLXW Helix Wind, Corp.
HMIN Home Inns And Hotels Management Inc.
HOKU Hoku Scientific Inc
HTRN HealthTronics, Inc.
ICNB Ionic Brands, Inc.
ICOG ICO Global Communications Holdings Lt
IDGG Indigo-Energy, Inc.
IFSIA Interface, Inc.
INOD Innodata Corp.
ITKG Integral Technologies Inc.
ITMN InterMune Pharmaceuticals, Inc.
JOYG Joy Global Inc.
KLIC Kulicke and Soffa Industries, Inc.
KNDI Kandi Technologies Corp.
KNSY Kensey Nash Corp.
KPPC KapStone Paper and Packaging Corp
LEAP Leap Wireless Intl, Inc.
LIMS Starlims Technologies Ltd.
LMIA LMI Aerospace, Inc.
LNCE Lance, Inc.
LPNT LifePoint Hospitals, Inc.
LUFK Lufkin Industries, Inc.
LULU lululemon athletica
MAIL Incredimail Ltd.
MANT ManTech Intl Corp.
MATK Martek Biosciences Corp.
MERX Merix Corp.
MGLN Magellan Health Services, Inc.
MNRO Monro Muffler Brake, Inc.
MRTN Marten Transport, Ltd.
MSCC Microsemi Corp.
MTRX Matrix Service Co.
ODSY Odyssey Healthcare Inc.
OREX Orexigen Therapeutics, Inc.
OSUR OraSure Technologies, Inc.
PACR Pacer Intl, Inc.
PLCM Polycom, Inc.
PODD Insulet Corp.
PRGS Progress Software Corp.
PRXL PAREXEL Intl Corp.
PWOIF Power Oil & Gas Inc.
PZZA Papa Johns Intl, Inc.
REGN Regeneron Pharmaceuticals, Inc.
ROST Ross Stores, Inc.
ROYL Royale Energy, Inc.
RRGB Red Robin Gourmet Burgers Inc.
SCIE Spectra Science Inc.
SFSF SuccessFactors Inc.
SHLD Sears Holdings Corp.
SLXP Salix Pharmaceuticals Ltd.
SMOD SMART Modular Technologies Inc.
SOLF Solarfun Power Holdings Co., Ltd.
SPWRA SunPower Corp.
STAR Starent Networks, Corp.
SYNM Syntroleum Corp.
TASR TASER Intl Inc.
TGE TGC Industries, Inc.
TLCR Talecris Biotherapeutics Holdings Corp.
USPR US Precious Metals Inc.
VARI Varian, Inc.
VNUS VNUS Medical Technologies Inc.
VRNM Verenium Corp.
XRTX Xyratex Ltd.
XSNX XSUNX Inc.
ZERO Save The World Air, Inc.
ZRAN Zoran Corp.
ZUMZ Zumiez Inc.

Speculative plays

AIB made a nice reversal from negative -15% to -5% during yesterday's session – that could be a short-term bottom. Nice candle. Watching for a close above $3.96
THQI – The game sector seems to be stabilising from the recent losses and it's ready to take off. Watching for a close above $4.50
CRIS - Curis - The stock is becoming one of my favorite stock this year. Buying each dip has been very lucrative.
AMD - Advanced Micro Devices Inc. - Keep an eye for a possible breakout over $9.50
DRYS - Drys - The break of the 5-day moving average with strong volume should be the next buy point on stock.

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 later !!!

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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