Stock picks for Tuesday Jun 08

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Looking at the technical chart, CSCO has a strong support at 22.48 level closing below this level could further move down the stock to 21 levels. On the higher side, the stock could face a strong resistance at 24 levels closing above this could further move the stock to 25 & 26 levels very soon.

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DRYS - There is a bullish divergence in MACD and this tells us that there is a possible rally coming up. The near-term outlook remains bearish, however a close above $4.55 would impart bullishness and would help the stock move to the 4.76-5.09 band.

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The short-term outlook for WYNN remains bearish and a drop to the $73.10-74.7 range appears likely. The weak outlook would be negated on a close above $84.70. A close above this level would warrant liquidation of short positions.

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I'm keeping FRPT on my list for another week. The stock closed positive, even with the market selling off hard. Monday’s high is $4.22 and I'm looking to buy the stock a few cents above that number. The technical indicator OBV still positive despite monthly drop, which means accumulation.

Earnings Announcements for Tuesday

Agria Corporation - GRO
Bob Evans Farms - BOBE
Breeze-Eastern Corporation - BZC
C&D Technologies, Inc.
Cantel Medical - CMN
COMMUNITYSOUTH FINANCIAL CORP - CBSO.OB
CorVel - CRVL
CPI Corporation - CPY
Dollar General Corp. - DG
Mitcham Industries - MIND
Mobile Telesystems - MBT
ModusLink Global Solutions, Inc - MLNK
NCI Building Systems, Inc. - NCS
Oil-Dri Corporation of America - ODC
Oxford Industries - OXM
Pall Corp. - PLL
Pep Boys - PBY
ROYAL STD MINERALS INC - RYSMF.OB
Stanley, Inc. - SXE
Take-Two Interactive Software - TTWO
Talbots - TLB
Texas Instruments - TXN
WorldGate Communications, Inc. - WGAT.OB

Bollinger Band Contraction

MU - Micron Technology
MOT - MOTOROLA INC
HLXW - Black Sea Oil Inc
MYGN - Myriad Genetics, Inc.
MBRKQ - ADVANCIS PHARM
TRMA - TRICO MARINE SVC
DRWI - Dragonwave Inc
VTIV - Inventive Health
ITG - INVESTMENT TECHNOLO
SLPO - ZINGO INC
BBND - BigBand Networks Inc
FTEK - Fuel Tech
VSMR - Verify Smart Corp
SXE - Stanley Associates Inc
SENO - SenoRx Inc
TONE - TierOne Corp
IUSA - Infogroup Inc
EFJI - Ef Johnson Tech
AMEH - Apollo Medical Hold

Pattern is double-bottom

GNA - GERDAU AMERISTEEL CP
SWN - SOUTHWESTERN ENERGY CO
ECA - EnCana Corp
CBST - Cubist Pharmaceutical
RAX - Rackspace Hosting Inc
HCN - Health Care REIT Inc
TMX - TELEFONOS DE MEXICO
MDCO - Medicines Company
SUNH - Sun Healthcare Group
CLD - Cloud Peak Energy Inc

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: CSCO, DRYS, FRPT, WYNN