Stock picks for Wednesday June 2
( click to enlarge )CCE - On the daily chart there is a bearish flag in progress, which could become active on a break below $25.80. We can also see that RSI is below 50 and on a downward track, and so too is Stochastic. Fresh exposures may be avoided for the moment.
( click to enlarge )The stock broke out to new 52-week highs on Tuesday, as the stock closed up $.53 on the day. QCOR broke out on heavy volume, which tells me that there is a lot of buying. I'll watch the stock again on Wednesday for the follow through move. Resistance is $10.39, which reflects Tuesday’s high of the day. Keep watching QCOR for another upside move.
( click to enlarge )ERTS should find support around the $15.85 area. I'll be watching how it acts around this mid-term support area. The short-term technical indicators also give a bearish view for ERTS. All short-term indicators are in downward path.
Stocks that have a Bearish Engulfing pattern at the end of their daily chart
TSO - Tesoro Corp
KGC - KINROSS GOLD CORP
FDO - FAMILY DOLLAR STORE
NFX - NEWFIELD EXPLORATION
GRMN - Garmin Ltd
EDMC - Education Management
RNOW - RIGHTNOW TECHNOLOGIES
TLCR - Talecris Biotherapeutics
GGN - Gabelli Global Gold
KALU - Kaiser Aluminum Corp
WHX - Whiting USA Trust I
XTEX - Crosstex Energy LP
SJT - San Juan Basin Royalty
Stocks that have a Bullish Engulfing pattern at the end of their daily chart
MSFT - Microsoft Corporation
JNJ - JOHNSON & JOHNSON
HSY - Hershey Corp
GIS - GENERAL MILLS INCORPORATION
BKC - BURGER KING HOLDING...
EW - EDWARDS LIFESCIENCE
BCE - B C E INC
SIG - Signet Jewelers
PEI - PENNSYLVANIA R E I T
GIL - GILDAN ACTIVEWEAR INC
LCAPA - LIBERTY MED CP A
HRL - HORMEL FOODS CORP
HWD - Aber Diamond Corpor
HMIN - Home Inns & Hotels
VOLC - VOLCANO CORPORATION
TGA - Transglobal Energy
BGS - B&G Foods Inc
PPR - Pilgrim Prime Rate
MLNX - MELLANOX TECHNOLOGIE
KAR - KAR Auction Service
VTA - Van Kampen Dynamic
That's all folks. See you tomorrow !!!
AC
Stocks that have a Bearish Engulfing pattern at the end of their daily chart
TSO - Tesoro Corp
KGC - KINROSS GOLD CORP
FDO - FAMILY DOLLAR STORE
NFX - NEWFIELD EXPLORATION
GRMN - Garmin Ltd
EDMC - Education Management
RNOW - RIGHTNOW TECHNOLOGIES
TLCR - Talecris Biotherapeutics
GGN - Gabelli Global Gold
KALU - Kaiser Aluminum Corp
WHX - Whiting USA Trust I
XTEX - Crosstex Energy LP
SJT - San Juan Basin Royalty
Stocks that have a Bullish Engulfing pattern at the end of their daily chart
MSFT - Microsoft Corporation
JNJ - JOHNSON & JOHNSON
HSY - Hershey Corp
GIS - GENERAL MILLS INCORPORATION
BKC - BURGER KING HOLDING...
EW - EDWARDS LIFESCIENCE
BCE - B C E INC
SIG - Signet Jewelers
PEI - PENNSYLVANIA R E I T
GIL - GILDAN ACTIVEWEAR INC
LCAPA - LIBERTY MED CP A
HRL - HORMEL FOODS CORP
HWD - Aber Diamond Corpor
HMIN - Home Inns & Hotels
VOLC - VOLCANO CORPORATION
TGA - Transglobal Energy
BGS - B&G Foods Inc
PPR - Pilgrim Prime Rate
MLNX - MELLANOX TECHNOLOGIE
KAR - KAR Auction Service
VTA - Van Kampen Dynamic
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
