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Wednesday, January 20, 2010 

Stocks to watch on Wednesday Jan 20

( click to enlarge )

CIEN broke out of a downtrend channel on Tuesday. The stock closed below highs, but could make another move today. Tuesday’s high reflects resistance for this next upside move. If CIEN can break through resistance, we should see a strong upside move as traders buy up the stock. Technically the stock looks solid trading above its 20 and 50 day moving averages. My model is long, targeting 14.06 area.

( click to enlarge )

OSIR was one of the winners on Tuesday, as the stock closed up $0.47 on the day. I expect to see another upside move, which is why I will watch it again today. Resistance stays at $8.30, which was the high on September 16th.

( click to enlarge )

GIGM - There are several indications I see which suggest a near-term bottom, including large positive divergences on MACD in daily. If the potential buy signal confirms itself, we'll be looking for a move to the resistance area at $3.40-3.55, at the very least. Until that happens, traders will want to be on high-alert to the possibility of a bullish reversal. Keep GIGM on your screen for Wednesday’s trading session.

Other Stocks to Watch :

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

GPS - GAP INC
COF - CAPITAL ONE FNCL CORP
KSS - KOHLS CORP
ZION - Zions Bancorporation
MRO - U S X-MARATHON GROU
AKAM - Akamai Technologies
NEM - NEWMONT MINING CORP
DOW - DOW CHEMICAL CO
ATML - Atmel Corporation
PLD - PROLOGIS TRUST
TWX - AMERICA ONLINE INC
NBR - Nabors Industries Inc
ACN - Accenture Plc
HIG - Hartford Financial
GCI - GANNETT CO INC
MAT - Mattel Co
PGR - PROGRESSIVE CORP
EXC - EXELON CORPORATION
XL - XL CAPITAL LTD
PCX - Patriot Coal Corp
DHI - Horton DR Inc
MMC - Marsh and Mclennan
BTU - PEABODY ENERGY CORP
KG - KING PHARMACEUTICAL
SPG - SIMON PROPERTY GROUP
NOV - NATIONAL OILWELL INC
CELG - Celgene Corporation
PNC - PNC Financial Servi
AMLN - Amylin Pharmaceutical
MT - Arcelormittal
RIG - Transocean Ltd
COV - Covidien Plc
BHI - BAKER HUGHES INC
AGO - ASSURED GUARANTY LTD
UNM - UNUM GROUP
EDU - New Oriental Educat
LNC - LINCOLN NATIONAL CORP
WFMI - Whole Foods Market
CLF - CLEVELAND CLIFFS INC
MEE - Massey Energy Co
GRMN - Garmin Ltd
TRV - The Travelers Co
PRU - PRUDENTIAL FINANCIAL
EWA - WEBS Australia
NRG - NRG Energy Inc
APC - ANADARKO PETROLEUM
PGN - Progress Energy Inc
MAS - Masco Corporation
TEX - TEREX CORP
PCL - PLUM CREEK TIMBER CO
XCO - EXCO RESOURCES INC
MDRX - Allscripts, Inc.
ALKS - Alkermes, Inc.
INFA - Informatica Corp
PAAS - Pan American Silver
ADCT - ADC Telecommunications
ACF - AMERICREDIT CORP
AAP - ADVANCE AUTO PARTS INC
BPFH - Boston Private Financial
PWE - PENN WEST ENERGY TRU
PSYS - Psychiatric Solutions
THOR - Thoratec Laboratories
ICF - iShares Cohen & Ste
NBL - NOBLE AFFILIATES INC
FNFG - First Niagara Financial
IM - INGRAM MICRO INC

Earnings Announcements for Wednesday, January 20

ADTRAN, Inc. - ADTN - 0.27 - Time Not Supplied
Amdocs Limited - DOX - 0.53 - After Market Close
AMR Corporation - AMR - (-1.2) - Time Not Supplied
Applied Industrial Technologies - AIT - 0.26 - Before Market Open
ASML Holdings NV - ASML - 0.15 - 01:00 am ET
Bank of America Corporation - BAC - (-0.52) - Time Not Supplied
Bank of New York Mellon Corp - BK - 0.51 - Before Market Open
Brinker International - EAT - 0.22 - Time Not Supplied
Coach, Inc. - COH - 0.72 - Before Market Open
Community Trust - CTBI - 0.36 - Time Not Supplied
Courier Corporation - CRRC - 0.04 - Before Market Open
Covidien Plc. - COV - 0.75 - Before Market Open
eBay - EBAY - 0.4 - After Market Close
F5 Networks - FFIV - 0.49 - 4:00 pm ET
Hudson City Bancorp - HCBK - 0.28 - Before Market Open
iGate Corporation - IGTE - 0.16 - Time Not Supplied
Jefferies - JEF - 0.35 - Before Market Open
Kinder Morgan Energy Partners, L.P. - KMP - 0.49 - After Market Close
LaBranche & Co Inc. - LAB - (-0.06) - Before Market Open
LG DISPLAY CO LTD - LPL - 0.36 - Time Not Supplied
Logitech International - LOGI - 0.27 - 10:00 pm ET
M&T Bank Corporation - MTB - 0.87 - Before Market Open
Marshall & Ilsley - MI - (-0.48) - 09:00 am ET
Morgan Stanley - MS - 0.36 - 08:00 am ET
Northern Trust - NTRS - 0.66 - Before Market Open
NVE Corporation - NVEC - 0.54 - After Market Close
Plexus - PLXS - 0.34 - After Market Close
Provident Bancorp - PBNY - 0.08 - After Market Close
Pulaski Financial - PULB - 0.02 - After Market Close
Raymond James - RJF - 0.37 - After Market Close
Seagate Technology - STX - 0.65 - After Market Close
Skyworks - SWKS - 0.25 - After Market Close
SLM Corporation - SLM - 0.44 - After Market Close
Starbucks - SBUX - 0.27 - After Market Close
State Street Corporation - STT - 0.99 - Before Market Open
TSYS - TSS - 0.3 - 4:00 pm ET
U.S. Bancorp - USB - 0.29 - Before Market Open
Wells Fargo & Company - WFC - (-0.02) - 08:00 am ET
Wipro Limited - WIT - 0.15 - Time Not Supplied
Woodward - WGOV - 0.3 - After Market Close
Xilinx, Inc. - XLNX - 0.35 - Time Not Supplied

List of stocks where the chart is displaying an ascending triangle pattern

GE - GENERAL ELECTRIC CO
RF - REGIONS FINANCIAL CORP
MET - METLIFE INC
TYC - TYCO INTL LTD
FHN - FIRST TENNESSEE NAT
DIA - DIAMONDS Trust
BK - Bank Ny Mellon
MCD - MCDONALDS CORP
KIM - KIMCO REALTY CORP MD
CAT - Caterpillar Inc
COF - CAPITAL ONE FNCL CORP
AMX - America Movil SA
BBT - BB&T CORPORATION
SE - SPECTRA ENERGY CORP
GGB - GERDAU USA
IR - INGERSOLL RAND CO
EXC - EXELON CORPORATION
XL - XL CAPITAL LTD
EXPE - EXPEDIA INC
LMT - LOCKHEED MARTIN CORP
YUM - TRICON GLOBAL REST INC
MTL - MECHEL OAO
RX - IMS HEALTH INC
CCL - CARNIVAL CORP
NETC - NET Servicos de Com
PBCT - People's Bank
MCK - MCKESSON HBOC INC
ADP - Automatic Data Process
EWC - WEBS Canada
OMC - OMNICOM GROUP INC
SFD - SMITHFIELD FOODS IN
ETN - EATON CORP
DBA - PowerShares DB Agri
ALTH - Allos Therapeutics
IVZ - INVESCO LTD
MJN - Mead Johnson Nutrition
MYGN - Myriad Genetics, Inc.
QLGC - QLogic Corporation
KWK - Quicksilver Resources
TWC - Time Warner Cable Inc
FIS - CERTEGY INC
SNY - SANOFI-AVENTIS ADS
EXPD - Expeditors International
PPG - P P G INDUSTRIES INC
EWG - WEBS Germany
FE - FIRSTENERGY CORP
CNW - C N F TRANSPORTATION
VEU - Vanguard FTSE All W
CPN - Calpine Corp
FAX - Aberdeen Asia-Pacif
JBHT - J.B. Hunt Transport
DPS - DR Pepper Snapple G
PPDI - Pharmaceutical Prod
OVTI - OmniVision Technolo
LO - Lorillard Inc
WYNN - Wynn Resorts LTD
APD - Air Products and Ch
WRI - WEINGARTEN REALTY INVS
STO - Statoil ASA
VMW - VMWARE INC CLASS A
LZ - LUBRIZOL CORP
TROW - T. Rowe Price Assoc
AZSEY - ALLIANZ Se
SHW - SHERWIN WILLIAMS CO
AOD - ALPINE TOTAL DYNAMIC
BRY - BERRY PETROLEUM CO
PDE - PRIDE INTL INC
NDAQ - NASDAQ OMX Grp
PRGO - Perrigo Company
BVF - BIOVAIL CORPORATION
ADS - Alliance Data Systems
GAP - GREAT ATLANTIC & PA
FCN - FTI Consulting Inc
LEG - LEGGETT & PLATT INC
FCE.A - Forest City Enterpr.
EV - EATON VANCE CORP
BYI - Alliance Gaming
WMGI - Wright Medical Group
MAPP - MAP Pharmaceuticals
PPH - Pharmceutical Hldrs
GNA - GERDAU AMERISTEEL CP
HR - HEALTHCARE REALTY T.
GWW - WW Grainger Inc
CLR - Continental Resources
BAM - Brookfield Asset
ACOR - ACORDA THERAPEUTICS
TD - TORONTO DOMINION BANK
VMC - VULCAN MATERIALS CO
XIDE - EXIDE TECHNOLOGIES WI
SKT - TANGER FCTRY OUTLET.
MICC - Millicom International
PNR - PENTAIR INC
TK - Teekay Co
OREX - Orexigen Therapeutics
DEO - DIAGEO P L C NEW
ETY - Eaton Vance TxMngd
ALXN - Alexion Pharmaceutics
QSFT - Quest Software, Inc.
JACK - JACK IN THE BOX INC
MRH - Montpelier Re Holdings
VEA - Vanguard Europe Pac
VNDA - Vanda Pharmaceutical
PENN - Penn National Gamin
TUP - Tupperware Brands
SCHN - Schnitzer Steel Ind
ALGN - Align Technology Inc
EEB - Claymore BNY BRIC
RY - ROYAL BANK OF CANADA
CLS - CELESTICA INC
TMK - TORCHMARK CORP
MLM - MARTIN MARIETTA MAT
CSQ - CALAMOS STRAT TOT R
KIE - SPDR KBW INSURE
CMG - CHIPOTLE MEXICAN GR
SSW - SEASPAN CORPORATION
MXB - MSCI Inc
MIN - M F S INTERMEDIATE
WAB - WABTEC
ENR - ENERGIZER HOLDINGS INC
LCAPA - LIBERTY MED CP A
ABV - Companhia de Bebida
IFN - INDIA FUND INC
MIL - MILLIPORE CORP
HOGS - Strong Technical Inc
CFR - Cullen Frost Bankers
TTEK - Tetra Tech Inc
AVAV - AeroVironment Inc
VR - Validus Holdings Ltd
TRST - TrustCo Bank Corp NY
GPRO - GEN-PROBE INC
GAB - GABELLI EQUITY TRUS
VFH - VANGUARD FINANCIALS

New 52-week High stocks

ACXM Acxiom Corp.
AIMC Altra Holdings Inc.
AINV Apollo Investment Corp.
AKAM Akamai Technologies, Inc.
AMED Amedisys
ANGO AngioDynamics Inc.
ARCC Ares Capital Corp.
ATAC ATC Technology Corp.
AUDC AudioCodes Ltd.
BELM Bell Microproducts Inc.
BMRN BioMarin Pharmaceutical, Inc.
BPFH Boston Private Financial Holdings, Inc.
CALM Cal-Maine Foods, Inc.
CBRL Cracker Barrel Old Country Store, Inc.
CELG Celgene Corp.
CHKP Check Point Software Technologies, Ltd.
CHSI Catalyst Health Solutions, Inc.
CLMT Calumet Specialty Products Partners L.P.
CMCA ComCam Inc.
CNQR Concur Technologies, Inc.
COLB Columbia Banking System, Inc.
CPHD Cepheid
CTXS Citrix Systems, Inc.
CWST Casella Waste Systems, Inc.
CYTX Cytori Therapeutics, Inc.
DBTK Double-Take Software Inc.
DMND Diamond Foods, Inc.
DRWI DragonWave Inc.
DXCM DexCom Inc.
ECPN El Capitan Precious Metals Inc.
ELRC Electro Rent Corp.
EVVV ev3 Inc.
EXFO EXFO Electro-Optical Engineering
EXLS ExlService Holdings Inc
FCFS First Cash Financial Services, Inc.
FLOW Flow Intl Corp.
FMER FirstMerit Corp.
FNSR Finisar Corp.
FORD Forward Industries, Inc.
FORR Forrester Research, Inc.
FUND Royce Focus Trust, Inc.
GNVC GenVec, Inc.
HDII Hypertension Diagnostics, Inc.
HPOL Harris Interactive, Inc.
HRCT Hartcourt Companies Inc.
HWCC Houston Wire & Cable Co.
ICOC ICO, Inc.
IGTE iGate Capital Corp.
IMSC Implant Sciences Corp.
IPCM IPC The Hospitalist Co.
ISRG Intuitive Surgical, Inc.
JYHW Jayhawk Energy, Inc.
KAMN Kaman Corp.
KEYO KeyOn Communications Holdings, Inc.
KFRC kforce.com, Inc.
LDSH Ladish Co., Inc.
LTUS Lotus Pharmaceuticals, Inc.
LTXC LTX-Credence Corp.
MAKO Mako Surgical Corp.
MAPP Map Pharmaceuticals Inc.
MAT Mattel, Inc.
MEAS Measurement Specialties, Inc.
MEDX Medarex, Inc.
MEOH Methanex Corp.
MGLN Magellan Health Services, Inc.
MKTX MarketAxess Holdings Inc.
MNDO MIND C.T.I. Ltd.
MNTA Momenta Pharmaceuticals Inc.
MOSY MoSys Inc.
MRCY Mercury Computer Systems
MSPD Mindspeed Technologies, Inc.
MSTR MicroStrategy Inc.
MSW Mission West Properties, Inc.
NEOP Neoprobe
NEWS NewStar Financial Inc.
NKTR Nektar Therapeutics
NRGY Inergy, L.P.
NWCI NewCardio, Inc.
OCLR Oclaro Inc.
OPNT OPNET Technologies, Inc.
OSUR OraSure Technologies, Inc.
PBTH PROLOR Biotech, Inc.
PFCB P.F.Changs China Bistro, Inc.
PFSW PFSweb, Inc.
PNCL Pinnacle Airlines Corp.
PNNT PennantPark Investment Corp.
PNRA Panera Bread Co.
PRGO Perrigo Co.
PSEC Prospect Capital Corp.
PTNR Partner Communications Co.
QGEN Qiagen N.V.
RDUFF Radius Gold Inc.
REGN Regeneron Pharmaceuticals, Inc.
RELL Richardson Electronics, Ltd.
REXX Rex Energy Corp.
ROIAK Radio One, Inc.
ROSE Rosetta Resources Inc.
SANM Sanmina Corp.
SBGI Sinclair Broadcast Group, Inc.
SGI Silicon Graphics International Corp.
SHLD Sears Holdings Corp.
SHLM A. Schulman, Inc.
SLXP Salix Pharmaceuticals Ltd.
SMCI Super Micro Computer, Inc
SNCR Synchronoss Technologies, Inc.
SPEC Spectrum Control, Inc.
SPRD Spreadtrum Communications Inc.
SSYS Stratasys, Inc.
STRL Sterling Construction Co.
SYMC Symantec Corp.
TCNH Technest Holdings Inc.
TMRK Terremark Worldwide, Inc.
TRMK Trustmark Corp.
TYPE Monotype Imaging Holdings Inc.
UEIC Universal Electronics, Inc.
ULTI The Ultimate Software Group, Inc.
UNCA Unica Corp
VLYF Valley Forge Composite Technologies, Inc.
VNUS VNUS Medical Technologies Inc.
VOLC Volcano Corporation
VOLT Voltaire Ltd.
WABC Westamerica Bancorporation
WAVX Wave Systems Corp.
WBMD WebMD Health Corp.
WCRX Warner Chilcott Plc
WEDC White Electronic Designs Corp.
WRLD World Acceptance Corp.
XRAY DENTSPLY Intl Inc.
XTXI Crosstex Energy Inc.
YYIN Yayi International Inc.
ZOLL Zoll Medical Corp.

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 trading day !!!

AC

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Thanks for the interesting post. I look forward to reading more in the future.

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  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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