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Thursday, June 03, 2010 

Stocks To Watch: Thursday June 3, 2010

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GNBT's short-term uptrend remains intact as recent pullback was well supported above its 20-day SMA. On the daily chart, it appears that a based-building formation is in the making. I will only turn bearish when the major support of 0.33 is taken out. The major resistance is $0.44, which was the high on Wednesday. Keep watching this stock on Thursday because it could make a move up to the $0.55 range soon.

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The stock was up around 9-12% on Wednesday. Its technical indicators are improving significantly. MACD histogram bars are slowly picking up while RSI is neutral at 47. This is a stock that if the volume comes back on the upside, we could see another strong move.

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SIRI remains very strong during this recent stock market sell off. The stock is finding strong resistance around the 50 day moving average at $1.02. As long as the stock stays above the 0.95 level, I like the stock in the short term. I will watch SIRI again today and once it breaks through resistance, I expect to see a strong, high volume upside move.

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RMBS - From a technical point of view the stock seems to be losing steam, but still trading in a range. Unless something unexpected happens I think the stock will continue to trade around the current levels.

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The stock broke and closed above its 200-day moving average on Wednesday ( 51.89 ), and is poised to continue higher towards the 55-56 area. I will watch the stock today and will wait for JOYG to break through Wednesday’s high of $52.68. I expect to see a follow through move, so watch the stock closely.

Other stocks to watch :

FRPT - Force Protection, Inc. - This stock can pop big time on any positive news. This stock has huge potential. From a valuation to future prospects for growth standpoint, honestly I think it is cheap.

HEB - Hemispherx BioPharma, Inc. - I'm a huge fan of this stock. I'm holding a strong position for a nice bounce in the near future.

YGE - Yingli Green Energy Holding shares have calmed down over the past few trading sessions. I Will buy on a break above $9

CTIC - Cell Therapeutics, Inc. - Watching for a close above $0.55

RIMM - Research In Motion Ltd. - $62.40 is the next resistance level that if broken, could send shares to $64

DRYS - DryShips, Inc. - Watching for a close above $4.60
MOT- Motorola - Watching for a close above $7.06
OCNF - Keep an eye for a possible breakout over $0.55
LVLT - Level 3 Communications Inc. - Watching for a close above $1.31
AIG - American International Group - Watching for a close above $37
GS - Goldman Sachs Group Inc - Watching for a close above $145.90
PLUG - Plug Power, Inc. - Watching for a close above $0.44

Earnings Announcements for Thursday

Agilysys, Inc. - AGYS
America's Car-Mart, Inc. - CRMT
Carver Bancorp - CARV
Charming Shoppes - CHRS
CHINA FINANCE ONLINE CO - JRJC
CHINA METRO-RURAL HLDGS LTD - CNR
Comtech Telecommunications - CMTL
DPAC Technologies Corp. - DPAC.OB
Exide - XIDE
Horne International, Inc. - HNIN.OB
Jos. A. Bank Clothiers - JOSB
Joy Global Inc. - JOYG
Krispy Kreme Doughnut - KKD
Martek Biosciences Corporation - MATK
MEDICAL NUTRITION USA INC - MDNU
Modine Manufacturing Company - MOD
Navarre - NAVR
NEVADA GEOTHERMAL POWER INC - NGLPF.OB
OCULUS INNOVATIVE SCIENCES IN - COCLS
PET DRX CORPORATION - VETS
Quiksilver - ZQK
RUN OF RIVER POWER INC - ROR
SAIC, Inc. - SAI
Sonic Solutions - SNIC
Streamline Health Solutions, Inc. - STRM
Suntech Power Holdings Co., Ltd. - STP
The Cooper Companies, Inc. - COO
Ulta Salon, Cosmetics & Fragrance, Inc. - ULTA
UTi Worldwide Inc. - UTIW

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

BRCD - Brocade Communications
GPS - GAP INC
ATML - Atmel Corporation
FLEX - Flextronics International
AUY - YAMANA GOLD INC
GG - GOLDCORP INC
TOT - Total Sa
BAX - BAXTER INTERNATIONAL
SLW - Silver Wheaton
PDLI - PDL BioPharma
GAME - SHANDA GAMES LTD
VMED - Virgin Media Inc
EGO - ELDORADO GOLD CP
CTXS - Citrix Systems, Inc.
ADP - Automatic Data Process
NWS - News Corp Ltd ADR
BIIB - IDEC Pharmaceutical
CDE - COEUR D ALENE MINES
INCY - Incyte Genomics Inc.
DLR - DIGITAL REALTY TRUS
WPRT - Westport Innovations
VRTX - Vertex Pharmaceutical
QLGC - QLogic Corporation
CEPH - Cephalon, Inc.
CIT - CIT GROUP INC
AUXL - AUXILIUM PHARMACEUTICAL
AAN - AARON RENTS INC
CHRW - C.H. Robinson World
KEP - KOREA ELECTRIC POWER
WPI - WATSON PHARMACEUTICALS
BMRN - BioMarin Pharmaceutical
EQIX - Equinix, Inc.
HMC - HONDA MOTOR CO LTD
KNX - Knight Transportation
SINA - sina.com
HA - Hawaiian Holding
AVGO - Avago Technologies
PFWD - PHASE FORWARD INC
HRC - Hil-Rom Holdings
OCLR - Bookham Technology plc
IT - GARTNER GROUP INC
CBST - Cubist Pharmaceutical
ANV - Allied Nevada Gold
GCA - GLOBAL CASH ACCESS

MACD Crossed above 0

GNA - GERDAU AMERISTEEL CP
UNG - United States Natural
EVRN - Everock Inc
SWKS - SKYWORKS SOLUTNS
DIVX - DivX Inc
NWL - NEWELL RUBBERMAID INC
TJX - TJX COMPANIES INC
INTU - Intuit Inc.
BKEAY - Bank of East Asia Ltd
CMC - COMMERCIAL METALS CO
IR - INGERSOLL RAND CO
K - KELLOGG CO
NVLS - Novellus Systems, Inc.
AN - AUTONATION INC
UDR - UDR Inc
HUM - HUMANA INC
OMX - OfficeMax Inc
LTXC - LTX Corporation
LXK - Lexmark International
ADXS - ADVAXIS INC
CLR - Continental Resources
ADTN - ADTRAN, Inc.
AVGO - Avago Technologies
IMUC - ImmunoCellular Ther
G - Genpact Ltd
LULU - lululemon athletic
ENZN - Enzon, Inc.
R - Ryder System Inc
GSIC - GSI Commerce, Inc.
SAPE - Sapient Corporation
SWSI - SUPERIOR WELL SERVICE
TK - Teekay Co
HS - HEALTHSPRING INC
VRUS - Pharmasset Inc
WCN - Waste Connections Inc
BABY - Natus Medical Incorporation
CSL - CARLISLE COS INC
PT - PORTUGAL TELECOM
PNRA - Panera Bread Company
ICLR - ICON plc
FSII - FSI International
FGP - FERRELLGAS PARTNERS
TSU - Tim Participacs
MMRF - FAVRILLE INC
TAL - TAL INTERNATIONL GRP

Fast Stoch Bullish Cross

BAC - BANK OF AMERICA CORP
INTC - Intel Corporation
GNA - GERDAU AMERISTEEL CP
CSCO - Cisco Systems, Inc
MU - Micron Technology
LVS - LAS VEGAS SANDS CP
WFC - WELLS FARGO & CO
ORCL - Oracle Corporation
VALE - Vale S A ADR
SLB - SCHLUMBERGER LTD
AMGN - Amgen Inc.
T - AT&T Inc
HPQ - HEWLETT-PACKARD CO
WFT - Weatherford International
EMC - EMC CORP
MO - ALTRIA GROUP
CMCSA - Comcast Corporation
APC - ANADARKO PETROLEUM
QCOM - QUALCOMM Incorporated
SMH - Semiconductors HOLD
NWSA - News Corp Ltd pf
AMR - A M R CORP
ITUB - Itau Unibnco Adr
CHK - CHESAPEAKE ENERGY CORP
LCC - US AIRWAYS GROUP INC
BSX - BOSTON SCIENTIFIC CORP
DIS - DISNEY CO WALT HLDG CO
BHI - BAKER HUGHES INC
Q - QWEST COMM INTL INC
VZ - Verizon Comm
STX - Seagate Tech
DAL - Delta Airlines
MON - Monsanto Co
STD - BANCO SANTANDER CEN
FITB - Fifth Third Bancorp
MF - MF Global Hld Ltd
CVS - CVS Caremark Corp
SCHW - Charles Schwab Corp
CAM - Cameron Intl
AEO - American Eagle Outf
RIMM - Research in Motion
OIH - OIL SERVICE HOLDERS
NE - NOBLE DRILLING CORP
LSI - LSI Corp
XTO - CROSS TIMBERS OIL CO
SWN - SOUTHWESTERN ENERGY CO
SBUX - Starbucks Corporation
WFR - MEMC Electronic Mat
SU - SUNCOR ENERGY INC
ATVI - Activision, Inc.
PM - Philip Morris International
GPS - GAP INC
HL - HECLA MINING CO
V - VISA Inc
OII - OCEANEERING INTL INC
AMT - AMERICAN TOWER CORP
POT - POTASH CORP SASKATC
GAME - SHANDA GAMES LTD
PDLI - PDL BioPharma
COH - Coach Inc
HES - AMERADA HESS CORP
TIE - TITANIUM METALS CORP
SY - Sybase Inc
DRE - DUKE-WEEKS REALTY CORP
EOG - EOG Resourses
WLP - Wellpoint Inc
MFE - MCAFEE, Inc.
MHS - MEDCO HEALTH SOLUTIONS
BEXP - Brigham Exploration Co
TLM - TALISMAN ENERGY INC
COCO - Corinthian Colleges
TIBX - TIBCO Software, Inc.
BPO - BROOKFIELD PROPERTIES
COST - Costco Wholesale Co
ABC - AMERISOURCEBERGEN
L - LOEWS CORP

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 later !!!

AC

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  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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