Stocks to watch on Monday Jan 11

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OCNF closed strong on Friday, as the stock ended the day at highs. The stock traded 2x normal daily volume, as buyers came rushing in. I like this stock and will watch it again on Monday. Resistance is $1.05, which was Friday’s high of the day. If OCNF can break through, we should see a strong upside move. Technical daily chart shows bullish sign with K line on top of D line and MACD on top of signal line. A decisive break of the 1.05 level on heavy volume, and, we could be looking at OCNF testing its resistance level at $1.17 and $1.20 respectively.

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CTIC is still finding resistance at the 1.20 level. The stock needs to muster some strength here, if it can break 1.20, then the technical outlook will turn bullish again.

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AOB - The stock is consolidating recent gains in the $4.65-$4.8 area and looks to be forming a pennant on declining volume. I expect it to break out to the upside.

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DRYS was a huge winner on Friday, trading up $0.30 on 3x normal daily volume. The stock should be strong again on Monday. I am buying the stock above friday high of $6.85 and expect to see another nice move to the upside. Technical chart shows bullish sign with K line on top of D line and MACD on top of signal line. At this stage, there is no reason to sell the stock. Hold with a stop-loss at $6.14.

Other Stocks to Watch :

Speculative plays

ETFC - E*TRADE Financial Corporation - Watching for a close above $1.84
SIRI - SIRIUS XM Radio Inc. - I Will buy on a break above $0.706

LLBO - LIFELINE BIOTECH - This penny stock can pop big time on any positive news. Watching for a close above $0.0029

ETRM - EnteroMedics Inc. - I think its very possible we could have another up day Monday.
TLAB - Tellabs - If we can get a solid breakout above $6.23 then I think $7 is in plain sight.

MNDO - MIND C.T.I. Ltd. - Is on the top of my watch list due to the recent price action, volume, and momentum.

PKD - Parker Drilling Company - $5.59 is the next resistance level that if broken, could send shares back to retest $6

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

CELG - Celgene Corporation
CENX - Century Aluminum Co
CLF - CLEVELAND CLIFFS INC
IBM - INTERNATIONAL BUSIN
OXY - OCCIDENTAL PETROLEU
CMC - COMMERCIAL METALS CO
NSM - NATIONAL SEMICONDUC
HK - Petrohawk Energy
UNP - UNION PACIFIC CORP
WMB - WILLIAMS COS INC
BP - BP AMOCO ADS
TLM - TALISMAN ENERGY INC
GT - GOODYEAR TIRE & RUB
CSR - CHINA SECURITY & SU
SVNT - SAVIENT PHARMS
PXP - Plains Exploration
NSC - NORFOLK SOUTHERN CORP
BIIB - IDEC Pharmaceutical
NE - NOBLE DRILLING CORP
EOG - EOG Resourses
IVN - IVANHOE MINES LTD ORD
RMBS - Rambus, Inc.
SWN - SOUTHWESTERN ENERGY CO
MEE - Massey Energy Co
ADI - ANALOG DEVICES INC
BVF - BIOVAIL CORPORATION
DSX - DIANA SHIPPING INC
EPD - ENTERPRISE PRODUCTS
MTL - MECHEL OAO
AON - AON CORP
OMC - OMNICOM GROUP INC
EWC - WEBS Canada
LBTYA - Liberty Global Inc
WFMI - Whole Foods Market
TSRA - TESSERA TECHNOLOGIES
LM - LEGG MASON INC
CNX - CONSOL Energy Inc
FTI - FMC Technologies Inc.
TDC - Teradata Corp
KNX - Knight Transportati
WLT - Walter Energy
CHRW - C.H. Robinson World
TSL - Trina Solar Ltd
VMW - VMWARE INC CLASS A
CF - CF INDUSTRIES HOLDI
NBG - NATIONAL BANK OF GR
HLX - Helix Energy Solutions
RINO - JADE MOUNTAIN CORP
CAVM - Cavium Networks Inc
KEG - Key Energy Services
IO - Ion Geophysical
PKD - PARKER DRILLING CO
ARM - ARVINMERITOR INC
ARW - ARROW ELECTRONICS INC
LIWA - Lihua International
DBD - DIEBOLD INC
R - Ryder System Inc
IOC - Interoil Cp
BBG - Bill Barrett Corp
DTG - DOLLAR THRIFTY AUTO
ACH - ALUMINUM CORP OF CH
ALB - ALBEMARLE CORP
DGI - Digitalglobe Inc
SNPS - Synopsys, Inc.
WPRT - Westport Innovations
AMCS - VitalWorks Inc
STO - Statoil ASA
ALGN - Align Technology Inc
APH - AMPHENOL CORP
SYNA - Synaptics Incorporated
WEC - WISCONSIN ENERGY CORP
SVA - SINOVAC BIOTECH LTD
ATW - ATWOOD OCEANICS
GDI - GARDNER DENVER INC
FCG - FT ISE REVERE NAT GS
BEAV - BE Aerospace, Inc.
XEC - Cimarex Energy Co
SIGM - Sigma Designs, Inc.
AAV - Advantage Oil&Gs
HPJ - Hong Kong Highpower
ARBA - Ariba, Inc.
ERF - Enerplus Resources
SUG - SOUTHERN UNION CO
BYI - Alliance Gaming
VEU - Vanguard FTSE All W
KEX - KIRBY CORP
LZ - LUBRIZOL CORP
IMA - Inverness Medical T
CMED - CHINA MEDICAL TECH
CYT - CYTEC INDS 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 Folks. Have a nice weekend !!

AC

Labels: AOB, CTIC, DRYS, OCNF

Hi,
You give interesting overview of the stocks.
How do you choose stocks to watch? Do you have a bigger list to choose from or it depends on current activity?

Thanks!

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