Stocks to watch on Thursday Jan 07
( click to enlarge )SOL - Alternative energy stocks continue to move higher, and SOL is getting ready to retest September highs. The stock hit $6.37 on September 17th, which is resistance for its next move. The daily chart of SOL suggests a strong confidence in stock, a clear uptrend momentum.
( click to enlarge )ILMN was one of the big winners on Wednesday, as the stock closed up $1.87 on 2x normal daily volume. The stock broke resistance and I'm watching ILMN for a follow through move on Thursday, using Wednesday’s high of $32,43 as resistance. The technical daily chart shows a continuation of the trend with MACD and RSI in the Bullish areas.
( click to enlarge )ETRM looks to be setting up for a bounce, as the stock closed up $0.06 on Wednesday. The stock hit a high of $0.71 on Decemeber 30th, which I'm using as a breakout level. If ETRM can break through resistance, we should see the stock try to test $1. The recent downward price movement was not accompanied by volume, which suggests that people are still holding the stock. Currently price is now at 0.61 levels and based on KD indicator we might see an upward move for this stock again. The short-term targets are 0.71 and then $1. Short-term support is at 0.50. Watch this stock very closely.
Other Stocks to Watch :
Speculative plays
CIEN - Ciena - Takeover rumors continue.
DRYS - DryShips, Inc. - Watching for a close above $6.54
STEM - StemCells, Inc. - Watching for a close above $1.39
LVS - Las Vegas Sands - Watching for a close above $18.50
MOT - Motorola - I'm bullish in the short and long term.
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
CTIC- Cell Therapeutics - Watching for a close above $1.20
LLBO - LIFELINE BIOTECH - Watching for a close above $0.0027
Stocks that have a Bullish Engulfing pattern at the end of their daily chart
MRO - U S X-MARATHON GROUP
ERIC - LM Ericsson Telephone
JDSU - JDS Uniphase Corporation
WLP - Wellpoint Inc
BP - BP AMOCO ADS
MT - Arcelormittal
OXY - OCCIDENTAL PETROLEU
NWL - NEWELL RUBBERMAID INC
MJN - Mead Johnson Nutrition
CDNS - CADENCE DESIGN SYS INC
PBR.A - PETROLEO BRASILEIRO...
ILMN - Illumina, Inc.
COST - Costco Wholesale Co
CMC - COMMERCIAL METALS CO
HOLX - Hologic, Inc.
CHS - Chicos FAS Inc
RDC - ROWAN COS INC
AYE - ALLEGHENY ENERGY INC
SYY - SYSCO CORP 28.06
FCS - FAIRCHILD SEMICONDU
WFMI - Whole Foods Market
COCO - Corinthian Colleges
NYX - NYSE EURONEXT INC
COV - Covidien Plc
TEL - Tyco Electronics Ltd
TLM - TALISMAN ENERGY INC
LIFE - Invitrogen Corporation
TCB - T C F FINANCIAL CORP
RTH - RETAIL HLDRS TR
DRV - Direxion Daily Real
VEU - Vanguard FTSE All W
BJ - BJ'S WHOLESALE CLUB
ASML - ASM Lithography
AAP - ADVANCE AUTO PARTS INC
ELY - CALLAWAY GOLF CO
LEG - LEGGETT & PLATT INC
DOV - DOVER CORP
QSFT - Quest Software, Inc.
WRB - WR Berkley Corp
OSIP - OSI Pharmaceuticals
RT - RUBY TUESDAY INC GA
RS - RELIANCE STEEL & AL
JACK - JACK IN THE BOX INC
GMT - G A T X CORP
SGI - RACKABLE SYSTEMS INC
MOLX - Molex Incorporated
GLDD - Great Lakes Dredge
RNR - RENAISSANCE RE HLDG
STO - Statoil ASA
GOL - GOL LINHAS AEREAS I
FRED - Fred's, Inc.
HRS - HARRIS CORP
NNN - National Ret Proper
SLAB - Silicon Laboratories
HSIC - Henry Schein, Inc.
VRGY - Verigy
DV - DEVRY INC
TBL - TIMBERLAND CO
ICON - Candie's, Inc.
GMXR - Gmx Resourcs Inc
MKC - MCCORMICK & CO INC
PBY - PEP BOYS MANNY MOE
ISRG - Intuitive Surgical
ZUMZ - ZUMIEZ INC
LOPE - Grand Canyon Education
B - BARNES GROUP INC
CAST - GREAT WALL ACQUISIT
GAS - NICOR INC
HSTX - Haris Stratex
ICA - ICA SA De CV
TRAD - TradeStation Group Inc
DY - DYCOM INDUSTRIES 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.
AC
You are right on CDNS and DRYS
Posted by
Anonymous |
5:47 PM