Stocks to watch on Wednesday Fev 17

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Starting with SIRI, on the daily charts, the present uptrend is getting confirmed as the days go on. Right now I'm in a Long trade that I entered around 0.851. The major trend is still bullish as we can see on the chart above.The bias is Bullish in nearest term. Immediate support is remains at 0.90 followed by 0.861. Initial resistance at 0.98. Break above that area could trigger further bullish momentum towards $1. CCI in overbought area and heading down on daily chart suggesting a potential downside pressure.

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AMAT was one of the winners on Tuesday, as the stock closed up $.48 on the day. The stock is back near the top of its short-term trading channel, and could make a move on Wednesday. Resistance is $13,10, which is the high of this channel. Some indicators are improving but it needs to breakout above the resistance to confirm the change in trend.

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ADCT - After making a big move the past few days, the stock is now consolidating. ADCT wants to move higher and this could happen soon. I'm buyer of ADCT once it breaks $6.68. There is a chance ADCT will consolidate for another day or so, but watch it closely on wednesday in case it breaks early.

Other stocks to watch :

New 52-week High stocks

LCC - US AIRWAYS GROUP INC
UAUA - UAL CORP
ALTR - Altera Corporation
SLE - SARA LEE CORP
NIHD - NII Holdings Inc
JDSU - JDS Uniphase Corporation
LUV - SOUTHWEST AIRLINES CO
TSN - TYSON FOODS INC CL A
BEXP - Brigham Exploration Co
CY - Cypress Semiconductor
MAT - Mattel Co
DNDN - Dendreon Corporation
CMI - CUMMINS ENGINE CO INC
KLIC - Kulicke and Soffa I
PIR - Pier 1 Imports Inc
NYB - New York Community
CF - CF INDUSTRIES HOLDI
BPO - BROOKFIELD PROPERTIES
GPC - GENUINE PARTS CO
VSH - VISHAY INTERTECH INC
FOSL - Fossil, Inc.
LF - LeapFrog Enterprise
SANM - Sanmina Corporation
NFLX - Netflix, Inc.
CVG - CONVERGYS CORP
RVBD - Riverbed Technology
CAKE - Cheesecake Factory
INAP - InterNAP Network Se
ROK - ROCKWELL INTERNATIONAL
NETL - Netlogic Microsystems
IT - GARTNER GROUP INC
BIDU - Baidu Inc
SIRO - Sirona Dental Systems
TPX - TEMPUR-PEDIC INTL INC
MSPD - MINDSPEED TECHNOLOG
LXK - Lexmark International
EL - ESTEE LAUDER COMPANIES
PFCB - P.F.Chang's China B
PCYC - Pharmacyclics
VCI - VALASSIS COMM INC
ISSI - Integrated Silicon
TXRH - TEXAS ROADHOUSE INC
PRGO - Perrigo Company
HEK - Heckmann Corp
SCSS - Select Comfort Corp
REXX - Rex Energy Corp
HAR - HARMAN INTL INDS INC
PNRA - Panera Bread Company
FNSR - Finisar Corporation
NOA - NORTH AMERICAN ENER
VRX - I C N PHARMACEUTICA
HRC - Hil-Rom Holdings
CMG - CHIPOTLE MEXICAN GR
PVA - PENN VIRGINIA CORP
LNCR - Lincare Holdings Inc.
DPZ - DOMINO'S PIZZA INC
PBT - PERMIAN BASIN RLTY
RDEN - Elizabeth Arden
VLTR - VOLTERRA SEMICONDUC...
RCI - ROGERS COMMUNICATIO
REGN - Regeneron Pharmaceutical
LII - Lennox International
ORB - ORBITAL SCIENCES CORP
CMP - COMPASS MINERALS IN
RAH - RALCORP HOLDINGS INC
RMD - RESMED INC
CBT - CABOT CORP
SFLY - SHUTTERFLY INC
BEZ - BALDOR ELECTRIC CO
CHD - CHURCH & DWIGHT CO INC
DLB - DOLBY LABORATORIES INC
DSW - DSW INC
GRA - GRACE W R & CO NEW

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

AMZN - Amazon.com, Inc.
ADM - ARCHER DANIELS MIDL
KAR - KAR Auction Service
OCR - OMNICARE INC
IMAX - Imax Corporation
CTB - COOPER TIRE & RUBBE
DPL - D P L INC
DWA - DreamWorks Animation
BWEN - Blackfoot Enterpris
ELON - Echelon Corporation
VNDA - Vanda Pharmaceutical
FUN - CEDAR FAIR L P
IPXL - Impav labs 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

Labels: ADCT, AMAT, SIRI