Stocks to watch for Monday June 21

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The stock hit a new 52-week high today, trading as high as $275, before settling at a close of $274.07. I'm watching the stock on Monday, looking for a follow through move. Resistance reflects Friday’s high of $275. Keep an eye on AAPL because there is good upside in this stock.

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WFC had a small pullback again today, but it held up reasonably well. I still like the chart and will watch the stock again on Monday. Resistance stays at $28.28 for the follow through move. Once it breaks this resistance level, we could see a quick increase in buying as momentum traders jump into this trade.

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C has been trading in a very tight range the past few sessions and looks like it wants to break out. Resistance is $4.02 and I expect an increase in volume once the stock breaks through.

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THQI has a strong support at $4.92. A close below this level could drag it further down to $4.64. Hold the stock with a stop-loss.

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MOT finally broke out and made a nice move today. I'm watching the stock for a continuation move next week. MOT is back to bull market rally with MACD on top of 0 and %K line on top of %D line. The stock has good upside potential, so keep watching the stock for further moves.

Other stocks to watch :

I was looking up the charts of some penny stocks and noticed unusual activity today in the stock price of Mount Knowledge HoldingsInc (OTC:MKHD). This stock rose over 15%, and more gains are likely on Monday. The company announced this morning that, on April 26, 2010, it executed a non-binding Letter of Intent to acquire one hundred (100%) ownership of Mount Knowledge USA, Inc. ("MTKUSA") in a Stock Purchase and Share Exchange Agreement. MTKUSA is a U.S. based sales and marketing company formed in September 2009 for the purposes of distributing Mount Knowledge (TM) products domestically and internationally to a variety of customers, including individuals, schools, government agencies, and corporations, primarily in China.To date, MTKUSA has completed approximately $1,100,000 in new financing to support the current sales and marketing efforts in China. I believe it's not too late to pick up some shares, however be careful with this trade and use the stops. From a technical standpoint the biggest resistance is at $0.47.

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

WFT - Weatherford International
JNPR - Juniper Networks
NE - NOBLE DRILLING CORP
DNR - DENBURY RESOURCES INC
STLD - Steel Dynamics, Inc.
PQ - Petroquest Energy Inc
NBR - Nabors Industries Inc
BRCD - Brocade Communications
VIP - Vimpelcom Ltd
DO - DIAMOND OFFSHR DRLL
NYX - NYSE EURONEXT INC
BZ - Boise, Inc.
LDK - LDK Solar Co Ltd
HSP - HOSPIRA INC
EL - ESTEE LAUDER COMPANIES
ETN - EATON CORP
PDCO - Patterson Co
SOLF - Solarfun Power Holdings
ALV - AUTOLIV INC
JRCC - JAMES RIVER COAL CO
WRB - WR Berkley Corp
HLF - HERBALIFE LTD
TD - TORONTO DOMINION BANK
ENR - ENERGIZER HOLDINGS INC
SCSS - Select Comfort Corp
DSX - DIANA SHIPPING INC
FUL - HB Fuller Co
TAN - Claymore MAC Global
FMX - FOMENTO ECONOMICO M
MICC - Millicom International
NSR - NEUSTAR INC

New 52-week High stocks

AAPL - Apple Inc
NEM - NEWMONT MINING CORP
NTAP - NetApp Inc
CRUS - Cirrus Logic, Inc.
SBUX - Starbucks Corporation
SWKS - SKYWORKS SOLUTNS
AMT - AMERICAN TOWER CORP
ENTR - Entropic Communications
VRSN - VeriSign, Inc.
SUN - SUNOCO INC
AKAM - Akamai Technologies
CTSH - Cognizant Technolog
PQ - Petroquest Energy Inc
NGD - DRC RESOURCES CP
PEG - Public Service Elec
OVTI - OmniVision Technologies
RSG - REPUBLIC SERVICES INC
FRG - Fronter Gold Inc
ARUN - Aruba Networks Inc
DISCA - Discovery Holdings
CROX - CROCS INC
HAS - HASBRO INC
SKX - SKECHERS USA INC
MJN - Mead Johnson Nutrition

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.

Have a nice weekend,

AC

Labels: AAPL, C, MOT, THQI, WFC