Stocks to watch for Tuesday July 20
( click to enlarge )Motorola shares finally broke out above their previous high in April rising to a six month high. The big picture has drastically changed now, the medium term trend remains bullish and in shorter time frames the stock has just breached the horizontal resistance line confirming a breakout. The real challenge lays ahead at 8.35/8.60 and 8.69 levels, breaking through would leave open space to a bullish rally towards $9. As long as the stock trades above $7.50 I will be looking for long opportunities.
( click to enlarge )Looking closely at the technical chart of SOHU, we can see a descending wedge formation. This pattern has generally bullish implications and I’m also noting a bullish divergence on the RSI. Buy SOHU only when the stock price rises above the upper trendline at $43.65. I’m a bear but I can’t ignore technical evidence. I’ll keep you guys updated.
( click to enlarge )Choppy price action in today's session but the stock still holding above its major moving averages. Today's reversal candle signals some more gains ahead, first obstacle is at 21.6/21.69.
MACD Bullish Cross
GGII - Green Globe International
AMGN - Amgen Inc.
APA - APACHE CORP
DKAM - GOURMET GROUP INC
DRE - DUKE-WEEKS REALTY CORP
TSLA - Tesla Motors Inc
IR - INGERSOLL RAND CO
CI - C I G N A CORP
IMAX - Imax Corporation
POSC - Positron Corp
VRX - I C N PHARMACEUTICAL
HUM - HUMANA INC
CMIN - Nordic Nickel Ltd
ZTR - ZWEIG TOTAL RETURN
ORLY - O'Reilly Automotive
UVFT - UV Flu Technologies
New highs
BVF - BIOVAIL CORPORATION
ADTN - ADTRAN, Inc.
EPD - ENTERPRISE PRODUCTS
CPX - COMPLETE PRODUCTION
LFL - Lan Airlines
STST - Argon St Inc
MDZ - MDS Inc
MWE - MARKWEST ENERGY PTN
BWP - BOARDWALK PIPELINE
PAA - PLAINS ALL AMERICAN
RGNC - REGENCY ENERGY
New Lows
PHM - Pultegroup Inc
MAS - Masco Corporation
KSS - KOHLS CORP
KBH - Kaufman and Broad H
KGC - KINROSS GOLD CORP
PETS - Petmedexpress.com
MFC - MANULIFE FINANCIAL
JAG - JAGUAR MINING INC
XRAY - DENTSPLY International
AMED - Amedisys Inc
HLX - Helix Energy Solutions
CRK - COMSTOCK RESOURCES INC
BYI - Alliance Gaming
BCRX - BioCryst Pharmaceutical
BKS - BARNES & NOBLE INC
SLF - Sun Life Fincl Inc
UFPI - Universal Forest Pr
ITG - INVESTMENT TECHNOLO
FORM - FORMFACTOR INC
GVA - GRANITE CONSTRUCTIO
MTH - Meritage Homes
NCI - NAVIGANT CONSULTING
ORN - Orion Marine Group 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.
Good luck to all,
AC
