Stocks to watch on Monday Jan 25
( click to enlarge )RMBS is probably the best stock to own right now. The stock was one of the few stocks that closed positive on Friday as it ended the day up $.72. The stock gained 3 percent finishing the day at $24.74 after the U.S. International Trader Commission Judge Theodore Essex ruled that Nvidia is violating three patents owned by Rambus. This particular decision could result in a ban on imports of certain Nvidia chips and products that use them, Bloomberg reports, including some computers made by Hewlett-Packard and a host of other PC and graphics card companies. Today, the stock broke out of a 2-day consolidation range as the stock hit a high of $26 on the day. Today’s move could be the start of a bigger move, which is why I'm watching the stock on Monday. The technical chart shows very strong upward momentum as the stock is trading above the 50 day moving average with both 13 day and 50 day moving average going up. The new bullish trend on my daily chart looks good. My model is long, targeting 30. Key resistance is now located at 26, a break above this level will confirm the bullish trend, and the following uptrend will take price up to 30 zone. CCI heading up towards 100 line on daily chart. The Relative Strength Index is also moving higher, which is a sign of growing strength in the stock. Also the MACD is giving a positive indication. I bet on Rambus for the short-term and medium term.
( click to enlarge )I will be watching RZ again on Monday because at some point this stock is going to bounce. I'm not saying there will be a recovery, just an oversold bounce. I want to be involved once this occurs and I will watch RZ for this move. My resistance point reflects Friday’s high of $1.11, but there could be other opportunities to trade this stock before resistance. The markets have sold off so hard that any bounce could be a tradable move.
( click to enlarge )HEB is bouncing off lows as the stock closed up $.01 on Friday. The stock held up well in a weak market. There is a good chance the stock will move higher on Monday, which is why I'm watching the stock closely. Resistance is $0.72, which reflects Friday’s high of the day. There could be very good upside in this trade, so keep a close eye on HEB for Monday.
( click to enlarge )DRYS looks to have found support at the $5.83 range as the stock tried to move higher, but ended the day down $.12. If the stock can break through Friday’s high of $6.09 we should see a strong upside move. There looks to be good upside potential in this trade, so watch DRYS closely on Monday.
Other Stocks to Watch :
Stocks that have a Bullish Engulfing pattern at the end of their daily chart
ELN - ELAN CORP P L C
CL - COLGATE-PALMOLIVE C
K - KELLOGG CO
AAP - ADVANCE AUTO PARTS INC
GMCR - Green Mountain Coff
ORLY - O'Reilly Automotive
ROVI - Macrovision Corporation
SGEN - Seattle Genetics
HEK - Heckmann Corp
Stocks that have a Bearish Engulfing pattern at the end of their daily chart
NKTR - Nektar Therapeutics
KBR - KBR Inc
BYI - Alliance Gaming
GSIC - GSI Commerce, Inc.
TEG - WPS Resources Corp
SLAB - Silicon Laboratories
MDU - M D U RESOURCES GRO
SGMS - Scientific Games Corp
SNDA - SHANDA INTERACTIVE
AHL - ASPEN INSURANCE HLD
CYMI - Cymer, Inc.
HCC - H C C INSURANCE HLD
ALXN - Alexion Pharmaceuti
IRF - INTERNATIONAL RECTI
CBSH - Commerce Bancshares
SFG - STANCORP FINANCIAL
PODD - Insulet Corp
GA - Giant Interactive G
GBCI - Glacier Bancorp, Inc.
KMR - KINDER MORGAN MANAG
SJT - San Juan Basin Royalty
PETS - Petmedexpress.com Inc
CCO - CLEAR CHANNEL OUTDO
CQP - Cheniere Energy Par
IVR - Invesco Mortgage Ca
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 on Monday !!!
AC
Regarding your analysis on RMBS - You are spot on! Congratulations. - rambus.org
Posted by
Anonymous |
12:25 AM