Stocks to watch next week

( click to enlarge )

I have been watching MOT over the past few days, waiting for a possible upside move. The stock seems to have found a strong support at present levels, which is also support from late February and early March. The technical indicators are improving significantly. The slow stochastic has moved above the 50% level and the RSI is near the 50% level. I'm a buyer of MOT once it breaks $7.12 for a possible breakout move. MOT could have good upside potential, so watch the stock closely next week.

( click to enlarge )

LVLT - Looking closely at the technical chart what we see there is a short-term downtrend, but things are starting to get better again. On today's session, we have seen huge volume at the bottom, which was probably buying activity. The technical indicator MACD is starting to look like it may cross soon, which indicates momentum is shifting towards the upside as well. Keep this on your watchlist.

( click to enlarge )

RMBS is still trading in a range with resistance at 25.42 and support near 22. The stock closed today near the middle at $24.20. Looking at the technical chart all indicators are still favorable but have weakened a bit since last week. As long as the stock stays above $23.09, the trend appears bullish. Only a close below $22 would warrant a change in sentiment. A fall below its key support level could drag down it to $20.62.

Biotechnology stocks to watch :

GNBT - Generex Biotechnology Corporation - The stock has been in an upwards trend the past few days and looks ready to continue this move.

HEB - Hemispherx BioPharma - I like this stock as a long-term play

Earnings Announcements for Monday

Adaptec, Inc. - ADPT
Angeion Corp - ANGN
ATA Inc. - ATAI
Campbell Soup - CPB
CARACO PHARMACEUTICAL LABS LTD - CPD
Carver Bancorp - CARV
CHINA FINANCE ONLINE CO - JRJC
China Mass Media Corp - CMM
CHINAEDU CORP - CEDU
CITIGROUP FDG INC - EIR
Compania Cervecerias Unidas S.A. - CCU
CYCLE CTRY ACCESSORIES CORP - ATC
Dara Biosciences - DARAD
Donaldson - DCI
ENCISION INC - ECIA.OB
FLOTEK INDS INC DEL - FTK
FreeSeas Inc. - FREE
GLADSTONE INVT CORP - GAIN
Guess - GES
IMAGE METRICS INC - IMGX.OB
Internet Gold - IGLD
Kingstone Companies, Inc. - KINS
Longtop Financial Technologies Limited - LFT
Mesa Laboratories - MLAB
NEVADA GEOTHERMAL POWER INC - NGLPF.OB
Phillips-Van Heusen - PVH
Quanex - NX
RADIENT PHARMACEUTICALS CORP - RPC
Shiloh Industries - SHLO
Tigrent Inc. - TIGE.OB
Top Image - TISA
Versant - VSNT
Yingli Green Energy Holding Company Limited - YGE

US Macro economic news for week ahead

May 24 - 10:00 AM - Existing Home Sales
May 25 - 9:00 AM - Case-Shiller 20-city Index
May 25 - 10:00 AM - Consumer Confidence
May 26 - 8:30 AM - Durable Orders
May 26 - 10:00 AM - New Home Sales
May 26 - 10:30 AM - Crude Inventories
May 27 - 8:30 AM - Continuing Claims
May 27 - 8:30 AM - GDP
May 27 - 8:30 AM - Initial Claims
May 27 - 8:30 AM - GDP Deflator
May 27 - 8:30 AM - Initial Claims
May 27 - 8:30 AM - Continuing Claims
May 28 - 8:30 AM - Personal Income
May 28 - 8:30 AM - Personal Spending
May 28 - 8:30 AM - PCE Prices - Core
May 28 - 9:45 AM - Chicago PMI
May 28 - 9:55 AMU. Michigan Consumer Sentiment

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

JPM - JP Morgan and Co Inc
LVS - LAS VEGAS SANDS CP
VALE - Vale S A ADR
MGM - MGM MIRAGE
AMD - ADVANCED MICRO DVCS
HBAN - Huntington Bancshar
YHOO - Yahoo! Inc
MS - Morgan Stanley Dean
FCX - FREEPORT MCMORAN
EBAY - eBay Inc.
VWO - VANGUARD EMERGING M
ITUB - Itau Unibnco Adr
QCOM - QUALCOMM Incorporated
USB - US Bancorp
CX - CEMEX S.A.
BIDU - Baidu Inc
FITB - Fifth Third Bancorp
KEY - KEYCORP
WFT - Weatherford International
STX - Seagate Tech
JASO - JA Solar Holdings C
SU - SUNCOR ENERGY INC
AES - A E S CORP
AMR - A M R CORP
EWT - WEBS Taiwan
THC - TENET HEALTHCARE CORP
CAT - Caterpillar Inc
M - FEDERATED DEPARTMEN
BRCM - Broadcom Corporation
TSM - TAIWAN SEMICONDUCTO
JDSU - JDS Uniphase Corporation
MI - MARSHALL & ILSLEY CORP
SID - Companhia Siderurgi
ACAS - American Cap Ltd
GGB - GERDAU USA
EWA - WEBS Australia
ALTR - Altera Corporation
MET - METLIFE INC
GNW - GENWORTH FINCL INC
EWH - WEBS Hong Kong
LCC - US AIRWAYS GROUP INC
TGT - TARGET CORP
CLF - Cliffs Natural Reso
UAUA - UAL CORP
MTG - M G I C INVT CORP WIS
STI - SUNTRUST BANKS INC
DAL - Delta Airlines
PLD - PROLOGIS TRUST
CIEN - CIENA Corporation
CNX - CONSOL Energy Inc
DFS - Discover Financial
KBE - SPDR KBW BNK
ZION - Zions Bancorporation
CCE - COCA COLA ENTERPRIS
NOV - NATIONAL OILWELL INC
AMT - AMERICAN TOWER CORP
BEXP - Brigham Exploration Co
AMZN - Amazon.com, Inc.
ONNN - ON Semiconductor Co
MEE - Massey Energy Co
RSX - Market Vectors Russ
BTU - PEABODY ENERGY CORP
NSM - NATIONAL SEMICONDU
JCI - JOHNSON CONTROLS INC
PCX - Patriot Coal Corp
EDC - Emerging Markets Bu
ME - Mariner Energy Inc
DNDN - Dendreon Corporation
PIR - Pier 1 Imports Inc
CRUS - Cirrus Logic, Inc.
AFL - AFLAC INC
CAG - CONAGRA INC
LINTA - LIBERTY MED INT A
CTSH - Cognizant Technolog
UNM - UNUM GROUP
DE - DEERE & CO
VMED - Virgin Media Inc
RDC - ROWAN COS INC
BCS - BARCLAYS P L C
CAL - CONTINENTAL AIRLINE
PAYX - Paychex, Inc.
UBS - UBS AG
LPX - LOUISIANA PACIFIC CORP
SWN - SOUTHWESTERN ENERGY CO
STLD - Steel Dynamics, Inc.
JBLU - JetBlue Airways Cor
TLM - TALISMAN ENERGY INC
MAR - MARRIOTT INTL INC NEW
BUCY - Bucyrus Intl
COH - Coach Inc
TQNT - TriQuint Semiconduc
SWKS - SKYWORKS SOLUTNS
MAS - Masco Corporation
LLTC - Linear Technology C
PMCS - PMC - Sierra, Inc.
BBY - BEST BUY CO INC
CPB - CAMPBELL SOUP CO
CYBS - CyberSource Corporation
MTW - MANITOWOC CO INC
LMT - LOCKHEED MARTIN CORP
JBL - JABIL CIRCUIT INC
JNK - SPDR Lehman High Yi
CAM - Cameron Intl
PX - PRAXAIR INC
TLB - TALBOTS INC
MOS - Mosaic Co
SOA - Solutia Inc
ESV - Ensco Plc Adr
NFLX - Netflix, Inc.
PDE - PRIDE INTL INC
CAR - Avis Budget Group Inc
AN - AUTONATION INC
EQR - EQUITY RESIDNTL PRO
AKAM - Akamai Technologies
UN - UNILEVER N V
ARG - AIRGAS INC
MCHP - Microchip Technolog
BBBY - Bed Bath & Beyond Inc.
ANF - ABERCROMBIE & FITCH CO
TWC - Time Warner Cable Inc
SWC - Stillwater Mining Co
JWN - NORDSTROM INC
MDR - MCDERMOTT INTL INC
TROW - T. Rowe Price Assoc
SNY - SANOFI-AVENTIS ADS
FDX - FedEx Corporation
GGP - General Growth Prop
ANH - Anworth Mortgage As
RCL - ROYAL CARIBBEAN CRU
FLR - FLUOR CORP
WYNN - Wynn Resorts LTD
ARM - ARVINMERITOR INC
PWE - PENN WEST ENERGY TRU
SPG - SIMON PROPERTY GROU
GMCR - Green Mountain Coff
URBN - Urban Outfitters, Inc.
HBC - HSBC Holdings PLC
VTR - Ventas Inc
PXD - PIONEER NATURAL RES CO
EPI - WisdomTree India Ea
NKE - NIKE INC CL B
JOYG - Joy Global Inc
AMKR - Amkor Technology, Inc.
PVX - PROVIDENT ENERGY TR
NSC - NORFOLK SOUTHERN CORP
ATI - Allegheny Technolog
DHR - DANAHER CORP
NYX - NYSE EURONEXT INC
IVN - IVANHOE MINES LTD ORD
RHT - Red Hat, Inc.
CBI - CHICAGO BRIDGE & IR
FWLT - Foster Wheelr Ag
NYT - New York Times Co
NCR - N C R CORP
NITE - Knight Capital Inc
AUO - AU OPTRONICS CORP
FBR - Votorantim Adr
PCL - PLUM CREEK TIMBER CO
VEU - Vanguard FTSE All W
LYV - Live Nation Entn
VMW - VMWARE INC CLASS A
CIT - CIT GROUP INC
MIL - MILLIPORE CORP
AMB - AMB Property Corp
BC - BRUNSWICK CORP
CSC - COMPUTER SCIENCES CORP
CTXS - Citrix Systems, Inc.
CHU - CHINA UNICOM LTD
EPD - ENTERPRISE PRODUCTS
SCI - SERVICE CORPORATION
PCLN - priceline.com Incorporation
CE - CELANESE CORPORATION
EWU - WEBS United Kingdom
AVT - AVNET INC
HAR - HARMAN INTL INDS INC
CNQ - Canadian Natural Re
KWK - Quicksilver Resources
CS - CREDIT SUISSE GROUP
TEL - Tyco Electronics Ltd
VSH - VISHAY INTERTECH INC
FTI - FMC Technologies Inc.
AGU - AGRIUM INC
INCY - Incyte Genomics Inc.
WY - WEYERHAEUSER CO
CNI - CANADIAN NATL RAIL CO
IBN - Icici Bank Ltd
NHP - NATIONWIDE HLTH PRO
ADCT - ADC Telecommunications
HCN - Health Care REIT Inc
DSX - DIANA SHIPPING INC
WHR - WHIRLPOOL CORP
LRCX - Lam Research Corporation
WAT - WATERS CORP
AZN - ASTRAZENECA PLC
EPP - ISHARES MSCI PAC EX
NTRS - Northern Trust Corp
TEN - Tenneco Inc
BR - Broadridge Financial

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. Have a nice weekend !!!

AC

Labels: LVLT, MOT, RMBS