Stocks to watch next week

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Yahoo is currently trading near the major support level of $14.86. The near-term trend is bearish and YHOO faces resistance at 15.41. A close above this range is now a pre-requisite for the reversal of the bearish trend.

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ROYL broke through the buy price during the first 2 hours of the day, but was not able to hold onto its gain. The stock did hold up very well in a weak market, which keeps me interested in watching it for Monday. If the stock breaks through its 200-day moving average again, I will enter the trade. Based on the technical indicators this stock is a buy at current level with a possible target of 2.60-2.67, stop loss would be 2.09.

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Looking at the technical chart, the stock displayed significant relative weakness on Friday. CIEN broke support near $15 and lost 5.47% versus a 3% decline for the S&P 500. The recent price patterns suggest that the downward move could continue on Monday. A decline to the 200-day moving average at $14.21 appears likely. A close below this level would impart further weakness and would push the stock to the 13.50-14 range. Stay tuned.

Penny stock to watch on Monday : AMSZ - Technicals Turn Bullish

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AMSZ had a very bullish move this week breaking several resistance lines with large volume. On the daily chart above we can see the stock was sold down with low volume, but was bought up the next days with more than double volume. In addition, it's very clear that the short-term downtrend line has been broken. I think, we can expect to see higher prices in the weeks to come. Another bullish indicator is the MACD which has made a cross over the signal line and bullish momentum has returned to the stock. The stochastics have turned up and RSI is now back in a neutral position. All short-term indicators are in upward path. The outlook for AMSZ remains bullish and the stock appears on course to move to the target zone of the 0.0068-0.007 range. Long positions may be considered on weakness, with a stop-loss at 0.0025.

Other stocks to watch :

Earnings Announcements for Monday

Alliance One International, Inc. - AOI
Altera Corporation - ALTR
ATA Inc. - ATAI
BAKERS FOOTWEAR GROUP INC - BKRS
CAPITAL GOLD CORP - CGC
Carver Bancorp - CARV
Cascade Corporation - CASC
Casella Waste Systems, Inc. - CWST
Cherokee - CHKEN
CREDO Petroleum - CRED
DPAC Technologies Corp. - DPAC.OB
Duckwall-ALCO Stores - DUCK
eOn Communications - EONC
Ferrellgas Partners - FGP
FuelCell Energy - FCEL
G-III Apparel Group - GIII
GameTech International - GMTC
Generex Biotechnology Corporation - GNBT
Herley Industries - HRLY
IDAHO FIRST BANK MCCALL IDAHO - IDFB.OB
ITEX CORP - ITEX.OB
Lakeland Industries - LAKE
Measurement Specialties - MEAS
Mesabi Trust CBI - MSB
MINES MGMT INC - MGN
mktg, Inc - CMKG
Navistar International - NAV
NEVADA GEOTHERMAL POWER INC - NGLPF.OB
Optical Cable - OCCF
ORAMED PHARM INC - ORMP.OB
Steak n' Shake - BH
SUPERCLICK INC - SPCK.OB
Technology Research - TRCI
THE9 LTD - NCTY
Thor Industries - THO
Todd Shipyards - TOD

List of stocks whose MA 13 crossed below the MA 50 ( Bearish Cross ) on Friday

UDR - UDR Inc
NRG - NRG Energy Inc
INTU - Intuit Inc.
WSM - WILLIAMS SONOMA INC
OMX - OfficeMax Inc
IR - INGERSOLL RAND CO
BC - BRUNSWICK CORP
SFI - ISTAR FINANCIAL INC
FPL - Nextera Energy
PNK - PINNACLE ENTERTAINMENT
PAAS - Pan American Silver
AVB - AVALONBAY COMMUNITION
DAI - Daimler
ADS - Alliance Data System
NTT - NIPPON TELEPHONE
SKYW - SkyWest, Inc.
SBH - Sally Beauty Holding
NR - NEWPARK RESOURCES INC
POOL - Pool Corp
LCAPA - LIBERTY MED CP A
ARQL - ArQule, Inc.
PTP - Platinum Underwrite
AM - AMERICAN GREETINGS
EXK - ENDEAVOUR SILVER
IEVM - Natural Holdings Ltd
CSL - CARLISLE COS INC
SBGI - Sinclair Broadcast
CRIS - CURIS INC
MPX - MARINE PRODUCTS CP
PRGS - Progress Software C
CYN - CITY NATIONAL CORP
DSW - DSW INC
BTH - BLYTH INC
ZOLT - Zoltek Companies, Inc.

List of stocks whose MA 50 crossed below the MA 200 ( Dead Cross ) on Friday

RIMM - Research in Motion
MRO - U S X-MARATHON GROUP
JCP - PENNEY J C CO INC
MHS - MEDCO HEALTH SOLUTIONS
RRD - Donnelley (RR) & Sons
ABB - ABB LTD
MAN - MANPOWER INC WIS
HOC - Holly Cp
LO - Lorillard Inc
RYL - RYLAND GROUP INC
DPL - D P L INC
HW - Headwaters Inc
ALTE - Max Re Capital Ltd.

New 52-week High stocks

CRM - SALESFORCE.COM INC
VMW - VMWARE INC CLASS A
QSFT - Quest Software, Inc.
XEC - Cimarex Energy Co
MIL - MILLIPORE CORP
SM - Sm Energy Co
PANL - Universal Display C
SJT - San Juan Basin Royalty
EPB - EL Paso Pipeline Pa
SXE - Stanley Associates Inc

New 52-week Low stocks

BSX - BOSTON SCIENTIFIC CORP
NOK - NOKIA CORP
GILD - Gilead Sciences, Inc.
PBCT - People's Bank
MT - Arcelormittal
KR - KROGER CO
STT - STATE STREET CORP
AEO - American Eagle Outf
BBVA - BANCO BILBAO VIZCAYA
TIVO - TiVo Inc.
STP - SUNTECH POWER HOLDINGS
KG - KING PHARMACEUTICAL
CF - CF INDUSTRIES HOLDINGS
DB - DEUTSCHE BANK AG
COCO - Corinthian Colleges
CMED - CHINA MEDICAL TECH
FTE - France Telecom ADS
CS - CREDIT SUISSE GROUP
HOS - HORNBECK OFFSHORE S
INFN - Infinera Corp
EEFT - Euronet Services, 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. Have a nice weekend !!!

AC

Labels: AMSZ, CIEN, ROYL, YHOO

Thanks Antonio for a great job. I really appreciate your column! It brings forth a lot of great ideas for investors like me.

Thanks again!!!!!
al

Posted by Anonymous | 7:00 PM

Currently AMSZ is in negotiations to sell its Spa within a Practice subsidiary. This transaction is expected to be finalized and announced any day now. This stock is undervalued.... its book value is around 0.06 !! Many thanks for posting some great analysis about penny stocks!!!

Peter M.

Posted by Anonymous | 10:27 AM