AC Investor stock picks for Thursday May 20
( click to enlarge )GIGM broke out of 2.63 today. The technical charts are showing positive signs of further strength. The RSI value is increasing and approaching the 50 level. The MACD indicator just made a bullish crossover. Stock Price momentum is likely to continue on GIGM if the MACD indicator can stay above its signal line for the next few trading days.
( click to enlarge )TEVA is now trading below its 200-day moving average. The next few trading days will be crucial for TEVA. There is a high possibility that the stock price will test the resistance area ( 200 dma ) again in the next few sessions. If the stock is able to close above the 200-day moving average at $55.53, it will be good for the bulls. If the stock is not able to gather enough momentum, then the correction looks set to test the low of $52 set on Dezember 09.
( click to enlarge )SIRI has lost momentum since its positive results, but medium term uptrend is still on. As long as the stock price trades above its 50-day moving average, it should slowly try to make an upmove. A sideways move between $1.01 and $1.20 is possible over the medium-term which will be construed as positive from a long-term perspective. However, in short-term the stock needs to get back to $1.10-$1.15 range to pick up momentum again. At this point, SIRI looks fine as long as it stays above its 50-day moving average. $1.25 is a big resistance for the stock.
( click to enlarge )GNBT had a large volume and large spread on Tuesday. At this point, I could not see any formation in the chart, at the very least, it could have broken out of a downtrend with a target price of above 0.489. Currently the stock has already reached 0.46. So this means a lot are still hoping for GNBT to move higher. Larger volume on the upward movement means you should buy this stock.
Earnings Announcements for Thursday
A/S Dampskibsselskabet Torm - TRMD
Aeropostale, Inc. - ARO
AMBIENT CORP - ABTG.OB
AMERICAN INTL INDUSTRIES - AMIN
Ameritrans Capital - AMTC
Ants Software.com - ANTS.OB
BioTime - BTIM.OB
Bon-Ton Stores - BONT
Brocade Communications Systems, Inc. - BRCD
Cambridge Heart, Inc. - CAMH.OB
Camco Financial - CAFI
Casual Male Retail Group, Inc. - CMRG
CEL-SCI - CVM
CHINA ARCHITECTURAL ENGR INC - CAEI
Comm Bancorp - CCBP
Computer Sciences Corporation - CSC
Compuware Corporation - CPWR
Cost Plus - CPWM
Cristalerias de Chile S.A. - CGW
Dell, Inc. - DELL
DOCUMENT CAPTURE TECHNOLOGIES - DCMT.OB
Dollar Tree Stores - DLTR
eLong Inc - LONG
Focus Media Holding Ltd. - FMCN
Foot Locker, Inc. - FL
Gamestop Corp. - GME
GATEWAY ENERGY CORP - GNRG.OB
Golf Trust of America - PTX
HealthMarkets - UCI
ImaRx Therapeutics, Inc. - IMRX.OB
Internet Gold - IGLD
Intuit - INTU
Iteris, Inc. - ITI
Kemet - KEME.OB
KONGZHONG CORP - KONG
Lakes Entertainment, Inc. - LACO
LINKTONE - LTON
Marvell Technology Group Ltd. - MRVL
MF Global Holdings Ltd. - MF
National Grid - NGG
National Western Life Insurance - NWLI
New York & Company Inc. - NWY
NewLead Holdings Ltd. - NEWL
Nordson - NDSN
Pacific Sunwear of California, Inc. - PSUN
Patterson Dental - PDCO
Perry Ellis International - PERY
PET DRX CORPORATION - VETS
Positron - POSC.OB
Raven Industries Incorporated - RAVN
Red Robin Gourmet Burgers, Inc. - RRGB
Ross Stores, Inc. - ROST
Salesforce.com, Inc. - CRM
SHIP FINANCE INTERNATIONAL LTD - SFL
Stage Stores - SSI
Staples, Inc. - SPLS
Stein Mart, Inc. - SMRT
The Buckle - BKE
The Cato Corporation - CATO
The Children's Place Retail Stores, Inc. - PLCE
The Wet Seal, Inc. - WTSLA
Tidewater - TDW
Toro - TTC
Trans World Entertainment Corp. - TWMC
Transcontinental Realty - TCI
Verigy, Ltd. - VRGY
Williams-Sonoma - WSM
Zumiez Inc. - ZUMZ
Oversold stocks - RSI has been below 30 over the last 5 days
NOK - NOKIA CORP
BP - BP AMOCO ADS
DF - DEAN FOODS INC
BAX - BAXTER INTERNATIONAL
RIG - Transocean Ltd
MON - Monsanto Co
KG - KING PHARMACEUTICAL
MCO - Moody's Corp
MHP - MCGRAW HILL COS INC
ITMN - InterMune Pharmaceutical
NTY - NBTY, Inc.
SGMS - Scientific Games Corp
VPRT - Vistaprint Nv
DRWI - Dragonwave Inc
DOLE - Dole Food Co
GXDX - Genoptix Inc
SYKE - Sykes Enterprises
Overbought stocks - RSI has been above 70 over the 5 days
SY - Sybase Inc
CYBS - CyberSource Corporation
SPRD - Spreadtrum Communications
CXG - CNX GAS CORPORATION
CLDX - Avant Immunotherape
CSTR - Coinstar, Inc.
VTIV - Inventive Health
PFWD - PHASE FORWARD INC
SXE - Stanley Associates Inc
CBEY - Cbeyond Inc
CVGI - COMMERCIAL VEHICLE
SENO - SenoRx Inc
PRI - Primerica
New 52 Week Lows
NOK - NOKIA CORP
XOM - EXXON MOBIL CORP
TSFG - South Financial Group
RIG - Transocean Ltd
NBG - NATIONAL BANK OF GR
FBC - FLAGSTAR BANCORP INC
WFR - MEMC Electronic Mat
TOT - Total Sa
GFGU - GetFugu Inc
STP - SUNTECH POWER HOLDINGS
SPWRA - SUNPOWER CORPORATION
RGN - REGENERX BIOPHARMA
EXC - EXELON CORPORATION
MTU - Mitsubishi Tokyo Fi
DO - DIAMOND OFFSHR DRLL
ACTC - Advanced Cell Techn.
MSVS - Micron Enviro Systems
FTE - France Telecom ADS
SPWRB - SunPower Corp
TLCVQ - TLC Laser Eye Cente
GNVC - GenVec Inc
NZT - TELECOM CORP NEW ZE
RYAAY - Ryanair Holdings plc
ACH - ALUMINUM CORP OF CH
CITC - CHILDREN'S INTERNET
OCNF - Ocean Freight
FORM - FORMFACTOR INC
TRMA - TRICO MARINE SVC
WG - WILLBROS GROUP INC
ALTI - Altair Internationational
AOB - AMER ORIENTAL BIOEN
FCEL - FuelCell Energy, Inc.
BAESY - BAES SYS PLC SPONS ADR
ZBB - ZBB Energy Corp
PSGI - Prime Star Group Inc
HLXW - Black Sea Oil Inc
OTE - HELLENIC TELECOMMUN
OPMG - Options Media Group
BWEN - Blackfoot Enterpris
GRO - Agria Corp
AVNW - Haris Stratex
XIN - Xinyuan Real Estate Co
UWBK - Matrix Bancorp, Inc
CHP - C & D TECHNOLOGIES INC
ANX - Biokeys Pharmaceutical
HYTM - HYTHIAM INC
SMTB - Smithtown Bancorp Inc
TPAC - Pinnacle Energy Corp
CHRX - Paramount Acquisition
VE - VEOLIA ENVIROMENT ADS
ARYX - ARYx Therapeutics Inc
JAVO - Javo Beverage Co Inc
TAN - Claymore MAC Global
MDOR - MAGNUM D'OR RES INC
ORN - Orion Marine Group Inc
XSEL - Xinhua Sports and E
EONGY - EON AG
CRXL - Crucell NV
CAF - MS China A Share Fu.
MELA - Mela Sciences
WH - WSP Holdings Ltd
Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.
That's all folks. See you tomorrow !!!
AC
Labels: GIGM, GNBT, SIRI, TEVA
