Hot stocks to watch for Wednesday 28 July
( click to enlarge )The stock made a significant downside correction today. We need this downside correction as CCI already is in extreme overbought area on daily chart. We also should see this current downside momentum as consolidation/correction move. But remember, that we are still intact with the bullish scenario in short-term term so we must see this bearish momentum just as a correctional movement. My model remains mixed with upside bias. I'm a buyer again of DNDN once it breaks through Monday’s high of $37.24. DNDN can be a great trading stock, but you have to watch it closely.
( click to enlarge )AMD - The stock has sold off most of June, but looks to have found a bottom last week. The stock closed up $.14 today and continued it’s bullish momentum in a weak market environment. After break key level 8.10, the stock topped at 8.25 and closed at 8.21. Looking at the technical chart, we can see 3 bullish candlestick with higher high and higher low for the past 3 days suggesting that the stock is in strong bullish momentum. The bias is on the upside, targeting 8.75 area. Immediate support is seen at 8.01 followed by 7.82.
( click to enlarge )BAC - Looking at the technical chart, the stock is trending very nicely, in short-term but beware of today's reversal candle. I’m very bullish on BAC but I’ll wait for a retrace to 13.90 - 14 to start buying. Short term perspective is bullish and 15.12 is a conservative objective.
( click to enlarge )BANR - The stock held up well in a weak market environment. BANR broke resistance, but it was during the first 15 minutes of the day, which is not a good time to trade. The stock ended the day up one cent on light volume. The breakout of 2.50 is fundamental to continue the rebound toward 2.75.
New 52-week High stocks
Q - QWEST COMM INTL INC
BRCM - Broadcom Corporation
LCC - US AIRWAYS GROUP INC
HEW - Hewitt Associates Inc
XLNX - Xilinx, Inc.
GENZ - Genzyme General
ALTR - Altera Corporation
CMI - CUMMINS ENGINE CO INC
CRUS - Cirrus Logic, Inc.
SLE - SARA LEE CORP
SWKS - SKYWORKS SOLUTNS
NTAP - NetApp Inc
CCE - COCA COLA ENTERPRIS
SO - SOUTHERN CO
DE - DEERE & CO
D - DOMINION RESOURCES
LLTC - Linear Technology C
BVF - BIOVAIL CORPORATION
CAL - CONTINENTAL AIRLINES
TIBX - TIBCO Software, Inc.
WIN - Windstream Corp
TIE - TITANIUM METALS CORP
INTU - Intuit Inc.
LSCC - Lattice Semiconductor
VMW - VMWARE INC CLASS A
PEG - Public Service Elec
HCP - HCP Inc
NI - NISOURCE INC
NR - NEWPARK RESOURCES INC
MCHP - Microchip Technology
ED - CONSOLIDATED EDISON
RVBD - Riverbed Technology
RSG - REPUBLIC SERVICES INC
UA - UNDER ARMOUR INC
HXL - HEXCEL CORP
DLTR - Dollar Tree Inc
NTY - NBTY, Inc.
VSH - Vishay Intertechnology
TKS - TOMKINS P L C
RAI - RJ Reynolds Tobacco
CYT - CYTEC INDS INC
FFIV - F5 Networks, Inc.
PGN - Progress Energy Inc
NU - NORTHEAST UTILITIES
CLX - CLOROX CO
SFSF - SuccessFactors Inc
BLL - BALL CORP
VTR - Ventas Inc
EXPD - Expeditors International
WPRT - Westport Innovations
PTV - PACTIV CORPORATION
PNW - PINNACLE WEST CAP CORP
RBCN - Rubicon Technology Inc
WEC - WISCONSIN ENERGY CORP
ROP - ROPER INDUSTRIES INC
AMCC - Applied Micro Circuits
WTR - PHILADELPHIA SUBURB
DLB - DOLBY LABORATORIES INC
TWTC - Tw Telecom Inc A
ADTN - ADTRAN, Inc.
APKT - Acme Packet Inc
NHP - NATIONWIDE HLTH PRO
AME - AMETEK INC NEW
CNL - CLECO CORP
CPNO - COPANO ENERGY LLC UTS
EW - EDWARDS LIFESCIENCES
CG - SCANA CORP
ROVI - Macrovision Corporation
Unusual Volume detected
VTG - Vantage Drilling
TMO - Thermo Fisher Science
PCBC - Pacific Capital Ban
ADSY - Ad Systems Communication
GGII - Green Globe International
MNTA - MOMENTA PHARMACEUTICAL
ZRAN - Zoran Corporation
GRT - GLIMCHER REALTY TRUST
VLTR - VOLTERRA SEMICONDUCTOR
ACUZ - Accuride Corp
PTSC - Patriot Scientific
OOIL - OriginOil Inc
CMIN - Nordic Nickel Ltd
CIIC - Learning Quest Tech
AGEN - Antigenics Inc.
TWI - TITAN INTL INC
DNN - Denison Mines
CSL - CARLISLE COS INC
NWD - New Dragon Asia Corp
GFGU - GetFugu Inc
ORGC - Organic Alliance Inc
UCTT - Ultra Clean Hld
SBGSY - Schneider Electric SA
MZBY - ASIA PMT SYS INC
WIP - Spdr Db Int Govt
PHUN - PETROHUNTER ENERGY
CLYW - CALYPSO WIRELESS INC
SPMI - SPEEDEMISSIONS INC
PTRY - Pantry, Inc. (The)
CMKT - Capital Markets Tec
IDSA - Industrial Services
BCLI - GOLDEN HAND RES INC
FNDM - Eastern Services Ho
DEJ - DEJOUR ENTERPRISES
MACD Crossed above 0
GE - GENERAL ELECTRIC CO
AAPL - Apple Inc
KEY - KEYCORP
IDTI - Integrated Device T
BMY - BRISTOL MYERS SQUIB
RRI - Rri Energy Inc
LALLF - Lyondell Basell Ind
LUV - SOUTHWEST AIRLINES CO
GRT - GLIMCHER REALTY TRUST
JCP - PENNEY J C CO INC
CRBC - Citizens Banking Co
RDN - RADIAN GROUP INC
NSC - NORFOLK SOUTHERN CORP
LPX - LOUISIANA PACIFIC CORP
MAR - MARRIOTT INTL INC NEW
PXP - Plains Exploration
MHLD - Maiden Hldgs Ltd
RPM - R P M INC
PWE - PENN WEST ENERGY TRU
ZQK - Quiksilver Inc
HAS - HASBRO INC
MGI - MONEYGRAM INTL INC
CMG - CHIPOTLE MEXICAN GR
JLL - JONES LANG LASALLE INC
MOLX - Molex Incorporated
BRY - BERRY PETROLEUM CO
ATHN - athenahealth Inc
XTXI - CROSSTEX ENERGY INC
IM - INGRAM MICRO INC
MRH - Montpelier Re Holdings
IFSIA - Interface, Inc.
REG - REGENCY REALTY CORP
TCO - TAUBMAN CENTERS INC
LIA - Liberty Acquisition
BKYI - Bio-key International
RSO - RESOURCE CAPITAL CORP
FMC - F M C 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.
Good luck to all,
AC
