AC Investor trade Ideas for Friday Mar 05
( click to enlarge )GIGM has a very interesting technical daily chart as the stock looks to be ready for a good upside move. The stock closed up $0.03 on Thursday as it hit a high of $3.15 on the day. Looking closely at the technical daily chart, we can see this high broke above Wednesday’s high, which is another signal for an upside move. All inidicators are still in Bullishs areas. Keep an eye for a possible breakout over $3.15.
( click to enlarge )The stock looks to be setting up for a breakout move, which could occur very soon. OCNF traded a good volume on Thursday as it closed up $0.04 on the day. I'm buyer of OCNF once it breaks through Thursday’s high of $0.85 for this breakout move.
Earnings Announcements for Friday
AIRCASTLE LTD - AYR - 0.3 - Before Market Open
Alamo Group - ALG - 0.3 - Time Not Supplied
APPROACH RESOURCES INC - AREX - 0.09 - Time Not Supplied
ASSISTED LIVING CONCPT NEV NEW - ALC - 0.34 - Before Market Open
Blount International - BLT - 0.23 - 07:30 am ET
Cache, Inc. - CACH - 0.02 - Before Market Open
Cano Petroleum, Inc. - CFW - (-0.02) - Time Not Supplied
Cascade Bancorp - CACB - (-0.2) - Time Not Supplied
Central Virginia Bankshares - CVBK - 0.13 - Time Not Supplied
CHINA INFORMATION SEC TECH INC - CPBY - 0.16 - Before Market Open
China Pharma Holdings, Inc. - CPHI - 0.14 - Before Market Open
Dynavax - DVAX - (-0.23) - Time Not Supplied
EAGLE ROCK ENERGY PARTNERS LP - EROC - 0.18 - After Market Close
General Moly - GMO - (-0.03) - Time Not Supplied
GEOKINETICS INC - GOK - (-0.22) - Time Not Supplied
GMX Resources Inc. - GMXR - 0.09 - Time Not Supplied
Harvest Natural Resources, Inc. - HNR - 0.14 - Time Not Supplied
Integra Bank Corporation - IBNK - (-0.9) - Before Market Open
LIN TV Corp. - TVL - 0.09 - Time Not Supplied
MAGNUM HUNTER RES CORP DEL - MHR - (-0.03) - Time Not Supplied
MERCANTILE BANCORP INC ILL - MBR - (-0.11) - Time Not Supplied
NASB Financial, Inc. - NASB - 0.41 - Time Not Supplied
NEW GOLD INC CDA - NGD - 0.06 - Time Not Supplied
North Valley Bancorp - NOVB - (-0.15) - Time Not Supplied
NORTHERN OIL & GAS INC NEV - NOG - 0.07 - Time Not Supplied
Northwest Pipe Co. - NWPX - (-0.11) - Time Not Supplied
PrimeEnergy Corporation - PNRG - (-0.25) - Time Not Supplied
RHI Entertainment, Inc. - RHIE - 0.46 - Time Not Supplied
Santander BanCorp - SBP - 0.22 - Time Not Supplied
Schawk - SGK - 0.22 - Time Not Supplied
ShengdaTech Inc. - SDTH - 0.09 - Time Not Supplied
Standard Motor Products - SMP - (-0.08) - Before Market Open
Trinity Biotech - TRIB - 0.13 - Time Not Supplied
Youbet.com - UBET - 0.01 - Time Not Supplied
Zoom Technologies Inc. - ZOOM - 0.2 - Time Not Supplied
Economic Calendar
8:30 am Nonfarm payrolls Feb. Consensus forecast -90,000 / Previous -20,000
8:30 am Unemployment rate Feb. Consensus forecast - 9.8% / Previous 9.7%
8:30 am Average hourly earnings Feb. Consensus forecast - 0.2% / Previous 0.3%
3 pm Consumer credit Jan. Consensus forecast -$6.0 bln / Previous -$1.7 bln
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. See you tomorrow !!!
AC
