US Hot stocks for Friday - Rambus and Osiris Therapeutics

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As I have been mentioned here over the recent times, Rambus has been under a strong accumulation in the past weeks and today it broke through two major resistance levels. The momentum is back in this stock. The next major resistance level is around $26.41...so a lot more room on the upside.

A quick look at the technical chart :

1) Back above the 5 day moving average.
2) RSI back above 50 level.
3) Money Flow-Index still climbing
4) The +DI crossed up through the -DI his week - Bullish.
5) 20 day moving average crossed the 50 day moving average to the upside.
6) 5 day moving average crossed the 20 day moving average to the upside.
6) MACD lines are going up.
7) Call Options Still going Strong.
8) Trend is still up.
9) Stock is now in Breakout mode

I hope I am right ........Watch RMBS closely on Friday.

( click to enlarge )

OSIR has an interesting formation on its daily chart, as the stock looks to have broken an inverted head and shoulders pattern. The advance was confirmed with expanding volume. The upside violation of $7 should see the stock going up to test next immediate upside target of $8. By a technical perspective, OSIR still trading in a Bullish momentum, with share price above its 20 and 50 dma. Another technical indicator that jumps out at me on OSIR is the short interest percentage. The short interest has decreased about 10% in November without a substantial rally. This bodes well for OSIR’s direction in the case of a good rally.

Other Stocks to watch - ( Pattern is Bullish Engulfing )

TSN - TYSON FOODS INC CL A
APWR - A-Power Energy Gene
XEL - XCEL ENERGY INC
MDR - MCDERMOTT INTL INC
VISN - VisionChina Media Inc
HOTT - Hot Topic, Inc. 5.50
EPD - ENTERPRISE PRODUCTS
PRGN - Paragon Shipping Inc
OSG - OVERSEAS SHIPHLDG G
STST - Argon St Inc
HSTX - HARRIS STRATEX NETWORK
SPWRB - SunPower Corp

Other Stocks to Watch - ( Pattern is Bearish Engulfing )

CSCO - Cisco Systems, Inc.
HBAN - Huntington Bancshar
SSO - ULTRA S&P500 PROSHRS
FITB - Fifth Third Bancorp
KBE - SPDR KBW BNK
PFG - PRINCIPAL FINANCIAL
KEY - KEYCORP
YHOO - Yahoo! Inc
HD - HOME DEPOT INC
NWSA - News Corp Ltd
PLD - PROLOGIS TRUST
GNW - GENWORTH FINCL INC
ITUB - Itau Unibnco Adr
FLEX - Flextronics International
AKS - A K STEEL HOLDING CORP
PNC - PNC Financial Servi
KO - COCA COLA CO
COF - CAPITAL ONE FNCL CORP
X - U S X-U S STEEL GRO
DIS - DISNEY CO WALT HLDG CO
RRI - Rri Energy Inc
NLY - Annaly Capital Mana
XLY - Consumer Discretion
ZION - Zions Bancorporation
PRU - PRUDENTIAL FINANCIA
BBT - BB&T CORPORATION
MON - Monsanto Co
DOW - DOW CHEMICAL CO
IP - INTERNATIONAL PAPER CO
XRX - XEROX CORP
SCHW - CHARLES SCHWAB CORP
PBR.A - PETROLEO BRASILEIRO
LNC - LINCOLN NATIONAL CORP
TRV - The Travelers Co
STT - STATE STREET CORP
IDTI - Integrated Device T
CLF - CLEVELAND CLIFFS INC
SOMX - SOMAXON PHARMACEUTIC
DRE - DUKE-WEEKS REALTY CORP
ALU - ALCATEL
CNO - CONSECO INC
VIA.B - Viacom Inc Class B
HCBK - Hudson City Bancorp
AFL - AFLAC INC
SWHC - Smith & Wesson
MT - Arcelormittal
XL - XL CAPITAL LTD
NUE - NUCOR CORP
JBL - JABIL CIRCUIT INC
MFA - Mfa Financial
NTRS - Northern Trust Corp
KRE - SPDR KBW RGL BK
MEE - Massey Energy Co
GENZ - Genzyme General

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. See you tomorrow !!!

AC

Labels: OSIR, RMBS