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Thursday, August 26, 2010 

Stock Picks for Friday August 27

( click to enlarge )

Looking at the technical daily chart there is a possibility of a drop to 25-25.55. This view would be valid if the stock fails to move past the resistance zone at $29.40. A close above this level would have positive implications and propel the stock into the next leg of the bullish trend. I continue to be bullish on the company. Remain invested with a stop-loss at $26.75.

( click to enlarge )

The near-term trend is bearish and ERTS faces a strong resistance at $15.63 ( 50-dma ). A close above this level is a pre-requisite for the reversal of the bearish trend. Technically, the daily chart shows a possible new rally as K line has crossed on top over D line again while ROC is still at oversold level. However, it is better to wait and see if the stock can break above its 50-day moving average.

( click to enlarge )

INTC is off over 25% from its April high and recently posted some unbelievable financial numbers. Looking at the technical chart the stochastics are deeply oversold here, suggesting a bounce higher could be coming in the near-term. Honestly, I think most traders are asleep, but as soon as they wake-up, Intel could bounce BIG! Keep INTC in your radar.

Other stocks to watch :

New 52-week High stocks

SLW - Silver Wheaton
EGO - ELDORADO GOLD CP 19
RHT - Red Hat, Inc.
CMS - C M S ENERGY CORP
PCG - P G & E CORP HLDG CO
MIPS - MIPS Technologies
CCI - Crown Castle International
FRG - Fronter Gold Inc
IT - GARTNER GROUP INC
QSFT - Quest Software, Inc.
ARG - AIRGAS INC
ITC - ITC HOLDINGS CORP
ALSK - Alaska Communications
BAP - CREDICORP LTD

New 52-week Low stocks

INTC - Intel Corporation
CSCO - Cisco Systems, Inc.
UNG - United States Natural
SCHW - Charles Schwab Corp
VLO - VALERO ENERGY CORP NEW
HCBK - Hudson City Bancorp
NBR - Nabors Industries Inc
APWR - A-Power Energy Gene
XRAY - DENTSPLY International
RY - ROYAL BANK OF CANADA
IRM - IRON MOUNTAIN INC
KCG - Knight Capital
LFC - CHINA LIFE INSUR CO
CYH - COMMUNITY HEALTH SY
DY - DYCOM INDUSTRIES INC

MACD Bullish Cross

DRL - Doral Financial Corp
TSL - Trina Solar Ltd
CIEN - CIENA Corporation
TOL - TOLL BROTHERS INC
TSN - TYSON FOODS INC CL A 16
CAG - CONAGRA INC
XDSL - mPhase Technologies
NGBF - H2Diesel Holdings Inc
MIPS - MIPS Technologies
QLGC - QLogic Corporation
FEEC - FAR EAST ENERGY CORP
PQ - Petroquest Energy Inc
SHW - SHERWIN WILLIAMS CO
HAIN - The Hain Celestial
VLTR - VOLTERRA SEMICONDUCTOR
CME - CME Group Inc
SAH - SONIC AUTOMOTIVE INC
UNTD - United Online Inc
FMCN - Focus Media Hldg
BCSI - Blue Coat Systems Inc
RCNI - RCN CP
TRGL - Toreador Resources
CTGI - CONSORTIUM SERVICE
TDW - TIDEWATER INC
HOGS - Strong Technical Inc
USCS - USCORP

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

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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 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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