AC Investor Blog

GIGM has lots of value, however the weak market is pushing the stock down. It has made a new 52 weeks low on Wednesday, but a last-minute rally helped it close at $2.78. The technical daily chart shows possible rally as K line is back above D line. Volume is shrinking which usually indicates the stock is going to make a move, I suspect it will make a move to the upside.

Now that K line is on top of D line again MOT should enjoy a fresh new rally. In addition with stock back above 200 day MA we should see more buyers coming back.

Looks like a falling wedge ready to break out to the upside. Some positive divergence starting to show in the chart. In addition, the technical daily chart shows possibility of new rally as K line is on top of D line again with stock back above 5 day moving average. The stock overall is still weak as 50-day moving average is still below 200-day moving average but this may finally be the time for the stock to reverse its trend.

Other stocks to watch :

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

JPM - JP Morgan and Co Inc
WFC - WELLS FARGO & CO
T - AT&T Inc
QCOM - QUALCOMM Incorporated
ATVI - Activision, Inc.
KEY - KEYCORP
USB - US Bancorp
XRX - XEROX CORP
DTV - Directv A
UNH - UNITEDHEALTH GROUP INC
PALM - Palm, Inc.
STI - SUNTRUST BANKS INC
ERTS - Electronic Arts Inc.
MRVL - Marvell Technology
BRCM - Broadcom Corporation
BK - Bank Ny Mellon
PBR.A - PETROLEO BRASILEIRO
KBE - SPDR KBW BNK
CIEN - CIENA Corporation
WAG - WALGREEN CO
AMTD - TS Ameritrade Holdings
LEN - LENNAR CORP
SY - Sybase Inc
ADM - ARCHER DANIELS MIDL
STT - STATE STREET CORP
V - VISA Inc
MXIM - Maxim Integrated Pr
KLAC - KLA-Tencor Corporation
PNC - PNC Financial Services
TLM - TALISMAN ENERGY INC
PGR - PROGRESSIVE CORP
HOG - HARLEY DAVIDSON INC
DRE - DUKE-WEEKS REALTY CORP
ATML - Atmel Corporation
LINTA - LIBERTY MED INT A
CPWR - Compuware Corporation
PH - PARKER HANNIFIN CORP
CB - CHUBB CORP
CY - Cypress Semiconductor
HUN - HUNTSMAN CORPORATION
NCR - N C R CORP
WLT - Walter Energy
CAR - Avis Budget Group Inc
AIV - Apartment Investmen
GENZ - Genzyme General
ISIS - Isis Pharmaceutical
BXP - BOSTON PROPERTIES INC
CNW - C N F TRANSPORTATION
VTI - Vanguard Total Stock
COV - Covidien Plc
JEF - JEFFERIES GROUP INC
OSK - Oshkosh Corp
IACI - IAC InterActiveCorp
BEN - FRANKLIN RESOURCES INC
HBC - HSBC Holdings PLC
CCI - Crown Castle International
CTAS - Cintas Corporation
ESRX - Express Scripts, Inc.
CBL - CBL and Associates
ANH - Anworth Mortgage As.
AGN - ALLERGAN INCORPORATED
INFY - Infosys Technologies
FULT - Fulton Financial Co
CS - CREDIT SUISSE GROUP
FISV - Fiserv, Inc.
MFE - Network Associates
TCB - T C F FINANCIAL CORP
EWBC - East West Bancorp
ITT - ITT Corp
NITE - Knight Capital Inc
HRS - HARRIS CORP
PHH - Phh Cor
RKH - Regional Banks HOLD
GRMN - Garmin Ltd
CVBF - CVB Financial Corp
FBR - Votorantim Adr
ACS - AFFILIATED COMPUTER
FMER - FirstMerit Corporation
ACOR - ACORDA THERAPEUTICS
ACF - AMERICREDIT CORP
WOR - WORTHINGTON INDS INC
ELNK - EarthLink, Inc.
AGO - ASSURED GUARANTY LTD
CINF - Cincinnati Financial
SVNT - SAVIENT PHARMS
HAS - HASBRO INC
AF - Astoria Financial C
NHP - NATIONWIDE HLTH PRO
TSRA - TESSERA TECHNOLOGIES
EFX - EQUIFAX INC
WFSL - Washington Federal
INFA - Informatica Corp
MR - MINDRAY MEDICAL INT
BMS - BEMIS CO INC
FORM - FORMFACTOR INC
BMR - BIOMED REALTY TR INC
AVY - AVERY DENNISON CORP
ANSS - ANSYS, Inc.
FNB - F.N.B. Corporation
BCE - B C E INC
AMCC - Applied Micro Circuits
CBT - CABOT CORP
FCF - FIRST COMMONWLTH FN
CHRW - C.H. Robinson World
ITMN - InterMune Pharmaceutical
DB - DEUTSCHE BANK AG
TRMB - Trimble Navigation
UMPQ - Umpqua Holdings Corporation
LLL - L3 Comm
FAF - FIRST AMERICAN CORP
CPT - CAMDEN PROPERTY TRUST
JNY - JONES APPAREL GROUP
MELI - MercadoLibre Inc
MW - Men's Wearhouse Inc
WDR - WADDELL & REED FINL
ONB - OLD NATIONAL BANCOR
DXCM - DEXCOM
ATW - ATWOOD OCEANICS
KLIC - Kulicke and Soffa I
TKLC - Tekelec
FINL - Finish Line, Inc.
INT - WORLD FUEL SVCS CORP
EMN - EASTMAN CHEMICAL CO
SGEN - Seattle Genetics
MNTA - MOMENTA PHARMACEUTICAL
HCC - H C C INSURANCE HLD.
HR - HEALTHCARE REALTY T
DBRN - Dress Barn, Inc. (The)
AMMD - American Medical Sy
HME - Home Properties Inc
DFG - DELPHI FNCL GROUP INC
AAWW - Atlas Air Worldwide
BEBE - bebe stores, inc.
ONXX - ONYX Pharmaceutical
EVVV - EV3 INC
ALGN - Align Technology Inc
SKX - SKECHERS USA INC
EV - EATON VANCE CORP
URS - U R S CORP
NKTR - Nektar Therapeutics
ALK - ALASKA AIR GROUP INC
DTG - DOLLAR THRIFTY AUTO
BXS - BANCORPSOUTH INC
HAR - HARMAN INTL INDS INC
VPHM - ViroPharma Incorporation
PSSI - PSS World Medical Inc.
HTS - Hatteras Financial
SBH - Sally Beauty Holdings
SSW - SEASPAN CORPORATION
HXL - HEXCEL CORP
CAB - Cabelas Inc
AFG - AMERICAN FNCL GROUP
GMR - GENERAL MARITIME CORP
LULU - lululemon athletica
SFG - STANCORP FINANCIAL
WPRT - Westport Innovations
ARAY - Accuray Inc
TTEK - Tetra Tech Inc
ALSK - Alaska Communications
HSTX - Haris Stratex
ITC - ITC HOLDINGS CORP
COLB - Columbia Banking
DLX - DELUXE CORP
BIN - IESI-BFC Ltd
PEI - PENNSYLVANIA R E I T
AM - AMERICAN GREETINGS
MDAS - MedAssets Inc
WRE - WASHINGTON R E I T
CLP - COLONIAL PPTY TRUST
MLHR - Herman Miller, Inc.
ACGL - Arch Capital Group Ltd
MEOH - Methanex Corporation
PII - POLARIS INDS INC
BKD - BROOKDALE SENIOR LI
ICGE - Internet Capital Gr
EQY - Equity One Inc

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

AA - ALCOA INC
WFR - MEMC Electronic Mat
IGT - INTERNATIONAL GAME
CAH - CARDINAL HEALTH INC
YGE - Yingli Green Energy
POT - POTASH CORP SASKAT
MOS - Mosaic Co
GD - GENERAL DYNAMICS CORP
MTL - MECHEL OAO
CMC - COMMERCIAL METALS CO
CSIQ - Canadian Solar Inc
SPWRA - SUNPOWER CORPORATION
LDK - LDK Solar Co Ltd
DGX - QUEST DIAGNOSTICS INC
CE - CELANESE CORPORATION
GMCR - Green Mountain Coff
CEF - Central Fund of Can
BIG - Big Lots Inc
JAG - JAGUAR MINING INC
NFG - NATIONAL FUEL GAS CO
CVA - Covanta Holding Cp
LEA - Lear Corporation
OII - OCEANEERING INTL INC
PAA - PLAINS ALL AMERICAN
TAN - Claymore MAC Global
TKC - TURKCELL ILETISIM H
BCRX - BioCryst Pharmaceutical
VISN - VisionChina Media Inc
MIL - MILLIPORE CORP
SPWRB - SunPower Corp
CEU - China Education All
DNP - DUFF & PHELPS UTIL
NCV - Nicholas Applegate
AWP - Alpine Global Premi
CMFO - China Marine Food G
MDP - MEREDITH CORP
PFN - PIMCO FLT RATE STRA

New 52-week High stocks

ROK - ROCKWELL INTERNATIONAL
PXP - Plains Exploration
SANM - Sanmina Corporation
BNI - BURLINGTON NORTHERN
MNI - THE MCCLATCHY CO
TEL - Tyco Electronics Ltd
ARMH - ARM Holdings, plc
DV - DEVRY INC
PMTC - Parametric Technolo
MHP - MCGRAW HILL COS INC
K - KELLOGG CO
WBS - Webster Financial Cp
KT - KOREA TELECOM CORP
TFSL - TFS Financial Corp
FMBI - First Midwest Banco
WTFC - Wintrust Financial
PHG - Koninklijke Philips
PRGO - Perrigo Company
LOPE - Grand Canyon Education
PAA - PLAINS ALL AMERICAN
REGN - Regeneron Pharmaceutical
MSPD - MINDSPEED TECHNOLOG

Oversold stocks - RSI has been below 30 in the last 5 days

XOM - EXXON MOBIL CORP
BRK.B - Berkshire Hathaway Inc
BBD - BANCO BRADESCO SA ADS
PBR - PETROLEO BRASILEIRO SA
ITUB - Itau Unibnco Adr
GGB - GERDAU USA
PBR.A - PETROLEO BRASILEIRO
CHU - CHINA UNICOM LTD
CDE - COEUR D ALENE MINES
FSLR - First Solar Inc
TSS - TOTAL SYSTEM SVCS INC
TNDM - Neutral Tandem Inc
CXW - Corrections Corporation
GPN - GLOBAL PAYMENTS INC
GY - GENCORP INC
DCP - DYNCORP INTERNATION
GFA - Gafisa SA
FCN - FTI Consulting Inc
TEF - TELEFONICA SA
RJET - REPUBLIC AIRWAYS HL
MELI - MercadoLibre Inc
INT - WORLD FUEL SVCS CORP
DFG - DELPHI FNCL GROUP INC
GAP - GREAT ATLANTIC & PA
DPO - Dow 30 Enhanced Pre

Overbought stocks - RSI has been above 70 in the last 5 days

BARE - BARE ESCENTUALS
MMR - MCMORAN EXPLORATION CO
EL - ESTEE LAUDER COMPANIES
WBS - Webster Financial Cp
FUN - CEDAR FAIR L P
PPR - Pilgrim Prime Rate
CFL - BRINK'S HOME SEC
WTFC - Wintrust Financial
CHTT - Chattem, Inc.
PLXS - Plexus Corp.
NKTR - Nektar Therapeutics
CIT - CIT GROUP INC
VPHM - ViroPharma Incorporation
DPZ - DOMINO'S PIZZA INC
WPZ - WILLIAMS PARTNERS L.P.
VTA - Van Kampen Dynamic
PPO - Polypore International
FIT - Health Fitness Corp
CCM - Concord Medical Ser.
MEI - Methode Electronics.
QUIX - Quixote Corporation