Stock Picks for Thursday 29 July

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LVS traded higher today, after the company released earnings. Las Vegas Sands Corp reported better-than-expected quarterly results, as revenue was aided by strong performance in Macau and Singapore. The casino operator run by billionaire Sheldon Adelson, had earnings of US$129.3 million, or 17 cents a share, for the second quarter after adjusting for items. That compared with US$8.8 million, or 1 cent a share, a year earlier. LVS was very active as it closed up $.84 on 2x normal daily volume. The stock is nearing its 52-week high of $27.84, which is resistance for my buy price. If the stock can break this resistance, we should see a strong upside move. Looking at the technical chart above, the technical indicator MACD is still above the "0" line and has positive momentum. The stochastics have slightly retreated from overbought conditions which could give this stock some breathing room for another run. In addition, selling volume has been light while accumulation days have been heavy. LVS will move quickly, so keep it on your screen on Thursday.

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Guys, I was the first to tell you on twitter to watch out GNBT in the first seconds of trading after the initial spike of the shares in the open market without no news at that time. This is a great company with huge potential to grow. I've told you about GNBT numerous times, and the company released ground breaking news this morning. Generex Biotechnology Corporation announced that it has now achieved 75% of the required number of per-protocol completers in its ongoing six month pivotal global Phase III study of Generex Oral-lyn, the Company's proprietary buccal insulin spray product. These early results suggest that, should the current trend be maintained through the early 2011 completion date of the treatment phase of all enrolled subjects, the use of Generex Oral-lyn will support a non-inferiority claim relative to the standard-of-care injectable insulin. This position will be reviewed following a formal interim analysis after the 90-day results for all subjects become available. The stock shot up 11.31% with not too much resistance on 7x normal daily volume.. I believe today's move appears to be the first of a series of uptrending trading sessions that could yield nice gains going forward. Looking at the technically chart, the stock closed at $.374 which is 11% higher than Tuesday's closing price of $.332. GNBT has a 52-week high of $1.01 and a 52-week low of $.31. The momentum indicators are attempting to turn up from oversold levels and the stock crossed its 50-day moving average. A new rally has just begun as %K line has just crossed on top over %D line. In addition, low ROC at oversold level should also attracts more buyers.

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The stock traded higher today, as the stock bounced off lows. GIGM hit a high of $2.28, which is resistance for Thursday’s continuation move. I'm a buyer of GIGM once it breaks through this high and expect to see heavy volume push the stock higher. Keep the stock on your radar for Thursday.

Other stocks to watch :

BAC - Bank of America - Watching for a close above $14.24
CTIC - Cell Therapeutics, Inc. - Watching for a close above $.45
DRYS - DryShips, Inc. - Watching for a close above $4.78
BANR - Banner Corporation - Watching for a close above $2.50
AAPL - Apple - Watching for a close above $265.99
PLUG - Plug Power - Chart looks bullish. Keep an eye for a possible breakout over $.51
AMD - Advanced Micro Devices - Watching for a close above $8.10
NVDA - Nvidia - Chart looks bearish. Keep an eye for a possible breakdown below $9.90

New 52-week High stocks

BRCM - Broadcom Corporation
HGRD - Health Grades
CHRW - C.H. Robinson World
VMED - Virgin Media Inc
FDO - FAMILY DOLLAR STORE
APL - Atlas Pipeline Part
BVF - BIOVAIL CORPORATION
LLTC - Linear Technology C
INTU - Intuit Inc.
IACI - IAC InterActiveCorp
D - DOMINION RESOURCES
ODFL - Old Dominion Freigh
NR - NEWPARK RESOURCES INC
NU - NORTHEAST UTILITIES
PNW - PINNACLE WEST CAP CORP
NVE - SIERRA PACIFIC RESOURCES
MEND - MICRUS ENDOVASCULAR
CIB - BANCOLOMBIA S A
WEC - WISCONSIN ENERGY CORP
MENT - Mentor Graphics Corporation
VRX - I C N PHARMACEUTICAL
CZZ - Cosan Limited Cl A
VGR - Vector Group Ltd

List of stocks whose OBV has been increasing over the last 5 days

WFC - WELLS FARGO & CO
T - AT&T Inc
KO - COCA COLA CO
SLE - SARA LEE CORP
HRB - BLOCK H & R INC
GENZ - Genzyme General
CMI - CUMMINS ENGINE CO INC
HBC - HSBC Holdings PLC
VOD - Vodafone Gp Plc
FOE - FERRO CORP
NR - NEWPARK RESOURCES INC
FBR - Votorantim Adr
PPG - P P G INDUSTRIES INC
CE - CELANESE CORPORATION
SATC - SatCon Technology C
CS - CREDIT SUISSE GROUP
ETN - EATON CORP
XSRAY - Xstrata PLC
HXL - HEXCEL CORP
ARUN - Aruba Networks Inc
BG - BUNGE LTD
CR - CRANE CO
CBI - CHICAGO BRIDGE & IR
TAP - ADOLPH COORS CO
NKTR - Nektar Therapeutics
CPO - CORN PRODUCTS INTL INC
MDCO - Medicines Company
AYI - ACUITY BRANDS INC
TOMKF - Tomkins PLC
IDSA - Industrial Services
DGIT - DG FastChannel
GGAL - Grupo Financiero Ga.
CCC - CALGON CARBON CORP
LEA - Lear Corporation
RRR - RSC Holdings Inc
PGX - PowerShares Preferr
SMG - Scotts Miracle Grow
AFFY - Affymax Inc
ENI - ENERSIS S A
RNR - RENAISSANCE RE HLDG
AER - AERCAP HOLDINGS N V
INT - WORLD FUEL SVCS CORP
MMT - M F S MULTIMARKET I.
SSW - SEASPAN CORPORATION
PANL - Universal Display C
TGI - TRIUMPH GROUP INC

List of stocks whose OBV has been decreasing over the last 5 days

PPDI - Pharmaceutical Prod
CVD - COVANCE INC
UTI - UNIVERSAL TECH INST
MTSN - Mattson Technology
ETJ - Eaton Vance Rsk Mng
BMT - BLACKROCK INSD MUNI
IIIN - Insteel Industries Inc
PEOP - People Fed Banc

Big Volume

AEZ - AMER OIL & GAS
HGRD - Health Grades
CHRW - C.H. Robinson World
CASY - Casey's General Sto
CEPH - Cephalon, Inc.
HSP - HOSPIRA INC
GPN - GLOBAL PAYMENTS INC
ILMN - Illumina, Inc.
NUVA - NUVASIVE INC
FORM - FORMFACTOR INC
WBSN - Websense, Inc.
BWLD - BUFFALO WILD WINGS INC
UTHR - United Therapeutics
ISSI - Integrated Silicon
SLAB - Silicon Laboratories
WPRT - Westport Innovations
TI - TELECOM ITALIA
CPKI - California Pizza Ki
TAN - Claymore MAC Global
JLL - JONES LANG LASALLE INC
BAS - BASIC ENERGY SERVICES

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

Labels: GIGM, GNBT, LVS

Dear AC,
I am one of your frequent readers and always appriciate your thinking as well as your kindness to share your thoughts.

I really agree with you that BAC can be a good buy, but I am not so sure about AAPL. AAPL is a good company and I own some of their shares,but I do not think they will have chance in short term.Most probably fluctuate between 255-265.

I have a question regard another of my holds which is EHTH. I bought it at around 10.3 and it went up hugely today. As every retail buyer thinks, I would like to reap the profit and leave. However, I feel its move is really bullish with its 十 today. Gonna be great if you would like to have your opinion.
Thanks in advance.

YS

Posted by Anonymous | 11:34 PM

Hi YS

Many thanks for your contact.

Here is my technical opinion about EHTH

The stock looks to have found support at lows. EHTH closed higher on Wednesday as this could be the start of a short-term reversal move. Buy the stock once it breaks $10.52, which would be a two-bar reversal on the daily chart. Short-term technical indicators are also improving and the MACD on the daily chart recently produced a new buy signal.

Have a great day...

AC

Posted by AC Investor Blog | 6:39 AM

Thank you very much AC.

I have sold EHTH at around 11.60.
I am still not calm enough I guess:)

Nevertheless, your tuition on two bar reversal is really helpful.Thanks on that.

Now I only use candlestick...I guess two bar reversal should belong to another category OHLC?
I have cleared all my buys:)doesnt look like a bright day ahead.

Good luck today and THANKS again!

ys

Posted by Anonymous | 3:45 PM