Stocks to watch on Tuesday - Hythiam, Sonus Networks and ReneSola Ltd.

( click to enlarge )

SONS - The stock appears to be headed towards the target zone of 2.32-2.35 in the short-term. The stock is in a Bullish mode with MACD above signal line and the price above both 50 and 200 day moving averages. Hold with a stop-loss at $1.95.

( click to enlarge )

SOL closed above its 50-day moving average today on heavy volume for the first time since early September, which is usually a good signal for the short term. The stock is now on the uptrend and with K line now on top of D line ReneSola shares have the chance to go much higher from here. If $4.42 holds, next resistance is $4.92.

( click to enlarge )

HYTM crossed its 5-day moving average and closed up $0.019 at $0.319. The momentum indicators are attempting to turn up from oversold levels. The technical daily chart above shows new rally has just begun as K line has just crossed on top over D line. In addition low ROC at oversold level should also attracts more buyers. It looks like it is starting to turn back up and indicators are giving the first bullish signs. The stock needs to close above $0.33 on a daily basis in order to mitigate the negative view.

Other Stocks to Watch :

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

WMT - Wal-Mart Stores Inc
KO - COCA COLA CO
GME - GAMESTOP CP
BRCM - Broadcom Corporation
SKS - SAKS INC
EP - EL PASO CORP
NE - NOBLE DRILLING CORP
CY - Cypress Semiconductor
CI - C I G N A CORP
GILD - Gilead Sciences, Inc.
PDS - Precision Drilling
LLTC - Linear Technology C
HERO - HERCULES OFFSHORE I
HRB - BLOCK H & R INC
MXIM - Maxim Integrated Pr
TEX - TEREX CORP
SSRI - Silver Standard Resources
COG - CABOT OIL & GAS CORP
ATPG - ATP Oil & Gas C
FBR - Votorantim Adr
NBL - NOBLE AFFILIATES INC
GSIC - GSI Commerce, Inc.
MWV - MEADWESTVACO CORP
SHW - SHERWIN WILLIAMS CO
VAL - VALSPAR CORP
TE - TECO ENERGY INC
CFSG - UNIPRO FINL SVCS INC
CSIQ - Canadian Solar Inc
PLX - Protalix BioTherape
ARM - ARVINMERITOR INC
CSR - CHINA SECURITY & SU
RS - RELIANCE STEEL & AL
CHT - CHUNGHWA TELCOMM
WOR - WORTHINGTON INDS INC
JACK - JACK IN THE BOX INC
WAT - WATERS CORP
GDP - GOODRICH PETE CORP NEW
SCHN - Schnitzer Steel Ind
TEG - WPS Resources Corp
NFG - NATIONAL FUEL GAS CO
MFN - Minefinders Corporation
NVTL - Novatel Wireless Inc
PSSI - PSS World Medical Inc.
FOR - Forestar Group Inc
MGA - MAGNA INTL INC CL A
HS - HEALTHSPRING INC
CRS - CARPENTER TECH CORP
HRBN - HARBIN ELECTRIC INC
VVC - VECTREN
FRPT - Force Protection Inc
VIT - Vanceinfo Technologies
GMXR - GMX Resources Inc
OSIP - OSI Pharmaceuticals
SIGM - Sigma Designs, Inc.
TRAD - TradeStation Group Inc
COT - COTT CORP
RCI - ROGERS COMMUNICATIONS
SIVB - SVB Financial
IDCC - Interdigital Communation
DCP - DYNCORP INTERNATION
RRGB - RED ROBIN GOURMET B
DISCK - Discovery Communication
GRA - GRACE W R & CO NEW

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

COF - CAPITAL ONE FNCL CORP
UNP - UNION PACIFIC CORP
COH - Coach Inc
ORI - OLD REPUBLIC INTL CORP
CNO - CONSECO INC
NDAQ - NASDAQ OMX Grp
WDC - WESTERN DIGITAL CORP
HRP - HRPT PROPERTIES TRUST
PHH - Phh Cor
FMX - FOMENTO ECONOMICO M
AVY - AVERY DENNISON CORP
ETN - EATON CORP
IRM - IRON MOUNTAIN INC
BDN - BRANDYWINE REALTY T
PETM - PETsMART, Inc.
PTV - PACTIV CORPORATION
K - KELLOGG CO
SJM - Smucker JM Co
PLL - PALL CORP
BAS - BASIC ENERGY SERVICES
IBB - iShares Nasdaq Biot
ARST - ARCSIGHT INC
SY - Sybase Inc
VR - Validus Holdings Ltd
DCI - DONALDSON CO INC
PVH - PHILLIPS VAN HEUSEN
TPX - TEMPUR-PEDIC INTL INC
TMK - TORCHMARK CORP
ERII - Energy Recovery Inc
NETL - Netlogic Microsystems
SLH - Solera Holdings Inc
LII - Lennox International
FRED - Fred's, Inc.
EPAY - Bottomline Technolo
HTLD - Heartland Express

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 morning !!!

AC

Labels: HYTM, SOL, SONS