Trade Idea for Friday - Level 3 Communications
( click to enlarge )LVLT broke out of a descending channel with huge volume and a solid 10% single day rally. The stock closed at $1.45, which was the high for the day. I think this could be the spark of a new bull trend in the making. I'm watching for a follow through move on Friday. The technical daily chart shows the stock is in a rally as K line is rising on top of D line as the price is back above 50 day moving average. Moreover MACD shows the stock is still in bull market as MACD and signal line are above 0.
New 52-week High stocks
AAPH American Petro-Hunter Inc.
ACOR Acorda Therapeutics Inc.
AIPC American Italian Pasta Co.
ALIF Artificial Life Inc.
ALTR Altera Corp.
APKT Acme Packet Inc.
ATLS Atlas Energy, Inc.
BEXP Brigham Exploration Co.
BIIB Biogen Idec Inc.
CAGC China Agritech Inc.
CCMP Cabot Microelectronics Corp.
CNXT Conexant Systems, Inc.
CODI Compass Diversified Holdings
COHR Coherent, Inc.
COST Costco Wholesale Corp.
CPLA Capella Education Co.
CPTS Conceptus, Inc.
CVVT China Valves Technology Inc.
DGIT DG FastChannel, Inc.
DMND Diamond Foods, Inc.
DNDN Dendreon Corp.
EXFO EXFO Electro-Optical Engineering
FECOF Forum Energy Corp.
FNSR Finisar Corp.
FOSL Fossil, Inc.
FWGO Fischer Watt Gold Co. Inc.
HSIC Henry Schein, Inc.
HUSA Houston American Energy Corp.
ICOG ICO Global Communications Holdings
INCY Incyte Corp.
INDB Independent Bank Corp.
IPCM IPC The Hospitalist Co.
ISLN Isilon Systems, Inc.
ISSI Integrated Silicon Solution Inc.
ITKG Integral Technologies Inc.
JDAS JDA Software Group, Inc.
JDSU JDS Uniphase Corp.
KTCC Key Tronic Corp.
LANC Lancaster Colony Corp.
LCAPA Liberty Media Holding Corporation Capital
LDSH Ladish Co., Inc.
LFUS Littelfuse, Inc.
LIOX Lionbridge Technologies, Inc.
LNCR Lincare Holdings Inc.
LOPE Grand Canyon Education Inc.
LQDT Liquidity Services Inc.
LUFK Lufkin Industries, Inc.
MAT Mattel, Inc.
MEAS Measurement Specialties, Inc.
MEND Micrus Endovascular Corp.
MGRC McGrath RentCorp
MKTX MarketAxess Holdings Inc.
MSPD Mindspeed Technologies, Inc.
MTSN Mattson Technology, Inc.
MWIV MWI Veterinary Supply Inc
MXGL Max Re Capital Ltd.
NENG Network Engines, Inc.
NETL NetLogic Microsystems, Inc.
NEWP Newport Corp.
NEWS NewStar Financial Inc.
NKTR Nektar Therapeutics
NWBI Northwest Bancshares, Inc.
ODSY Odyssey Healthcare Inc.
PCYC Pharmacyclics, Inc.
PERY Perry Ellis Intl, Inc.
PFCB P.F.Changs China Bistro, Inc.
PMTC Parametric Technology Corp.
PNNT PennantPark Investment Corp.
PODD Insulet Corp.
PRFT Perficient, Inc.
PRPX Portec Rail Products Inc.
PSMT PriceSmart, Inc.
RDEN Elizabeth Arden, Inc.
RDWR Radware Ltd.
REGN Regeneron Pharmaceuticals, Inc.
REXX Rex Energy Corp.
SANM Sanmina Corp.
SBGI Sinclair Broadcast Group, Inc.
SCBT SCBT Financial Corp.
SFLY Shutterfly Inc.
SIRI Sirius XM Radio Inc.
SMCI Super Micro Computer, Inc
SONO SonoSite, Inc.
SSYS Stratasys, Inc.
STNR Steiner Leisure Ltd.
TDSC 3D Systems Corp.
TXRH Texas Roadhouse Inc.
UCTT Ultra Clean Holdings Inc.
VECO Veeco Instruments, Inc.
VNUS VNUS Medical Technologies Inc.
WBSN Websense, Inc.
WFMI Whole Foods Market, Inc.
ZBRA Zebra Technologies Corp.
List of stocks where the chart is displaying a cup and handle formation
CHK - CHESAPEAKE ENERGY CORP
EP - EL PASO CORP
PRU - PRUDENTIAL FINANCIAL
PDE - PRIDE INTL INC
MJN - Mead Johnson Nutrition
FHN - FIRST TENNESSEE NAT
AN - AUTONATION INC
MNKD - MANNKIND CP
WYNN - Wynn Resorts LTD
TC - BLUE PEARL MINING LT
PVH - PHILLIPS VAN HEUSEN..
LUK - LEUCADIA NATIONAL CORP
TCB - T C F FINANCIAL CORP
CLI - MACK CALI REALTY CORP
BCE - B C E INC
ATW - ATWOOD OCEANICS
OCR - OMNICARE INC
GVA - GRANITE CONSTRUCTION
GET - GAYLORD ENTERTAINMENT
GIL - GILDAN ACTIVEWEAR INC
LSTZA - Liberty Media Corp
MITI - MICROMET INC
BKI - BUCKEYE TECHNOLOGIE
ONB - OLD NATIONAL BANCOR
MCRL - Micrel, Incorporated
SIG - Signet Jewelers
TNP - TSAKOS ENERGY NAVIG
ICLR - ICON plc
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: LVLT
