Stock Picks for Tuesday August 10
( click to enlarge )I have been following SOLF for while and over the last weeks I never seen so many buyers purchasing the stock. The volume over the recent days has dramatically increased. There are some days when the normal average volume is reached in the first hours of trading, which mean someone is accumulating a huge amount of shares for the coming months. The technical indicator OBV shows exactly this situation. With Oil moving up again above $80, the appetite to buy solar stocks will be on the priorities of many fund managers again,.....it's my guess. The stock hit a 52-week high of $12.30 on August 3th, but has pulled back the past few days. SOLF is setting up to make a move back to highs and I will be watching. If oil continues to move higher , we should see SOLF make a move.
( click to enlarge )CIEN broke out above its 50-day moving average of $13.64 to close at $13.72. Further rally could be seen to retest $14 medium term resistance. As long as the stock stay above $13 area, the short-term bullish scenario is still intact. Technical daily chart shows bullish sign with %K line is on top of %D line and RSI moving up toward 50. Only a close below $13 reverses the current uptrend.
( click to enlarge )Today, the stock made a new 52-week high of $13.04. I think there is a good chance the stock will make another move on Tuesday. Resistance reflects Monday’s high of $13.04. If the stock can break resistance, there should be opportunity for a good upside trade. The technical chart shows very strong upward momentum as the stock is trading above the 200-day moving average with both 50-day and 200-day moving average going up. At this point I'm buyer only once it breaks through today’s high of $13.04 for the continuation move. Stochastics and the RSI are overbought but remain bullish signaling.
( click to enlarge )The daily chart of NVDA shows a positive MACD crossover with both histograms and RSI moving up. From a technical perspective, further upside potential remains for the stock in the short term but patience will be required.
SWSI - SUPERIOR WELL SERVICE
Q - QWEST COMM INTL INC
CMS - C M S ENERGY CORP
BIDU - Baidu Inc
MCD - MCDONALDS CORP
CROX - CROCS INC
PWER - Power-One, Inc.
MO - ALTRIA GROUP
VOD - Vodafone Gp Plc
DE - DEERE & CO
SOLR - GT Solar International
BVF - BIOVAIL CORPORATION
ID - Viisage Technology
CNP - CenterPoint Energy Inc
VSH - Vishay Intertechnology
ED - CONSOLIDATED EDISON
TE - TECO ENERGY INC
NVE - SIERRA PACIFIC RESOURCES
FDO - FAMILY DOLLAR STORE
TRW - TRW AUTOMOTIVE HLDG
NI - NISOURCE INC
D - DOMINION RESOURCES
FFIV - F5 Networks, Inc.
CTXS - Citrix Systems, Inc.
PCG - P G & E CORP HLDG CO
CB - CHUBB CORP
CRM - SALESFORCE.COM INC
MELI - MercadoLibre Inc
BAM - Brookfield Asset
MRX - MEDICIS PHARM CORP
VRX - I C N PHARMACEUTICAL
CMI - CUMMINS ENGINE CO INC
ENTR - Entropic Communication
AZN - ASTRAZENECA PLC
INTU - Intuit Inc.
BWA - BorgWarner Inc
LFL - Lan Airlines
EBIX - Ebix Inc
AN - AUTONATION INC
CLD - Cloud Peak Energy Inc
TWTC - Tw Telecom Inc A
PPO - Polypore International
AMJ - JP Morgan Alerian M
HANS - Hansen Natural Corp
RES - R P C INC
LCAPA - LIBERTY MED CP A
CHRW - C.H. Robinson World
HAS - HASBRO INC
NU - NORTHEAST UTILITIES
ILMN - Illumina, Inc.
AXTI - AXT Inc
FMCN - Focus Media Hldg
SNH - SENIOR HOUSING PROP
WEC - WISCONSIN ENERGY CORP
ENDP - Endo Pharmaceutical
MIPS - MIPS Technologies
EPB - EL Paso Pipeline Pa
CXO - Concho Resources Inc
NHP - NATIONWIDE HLTH PRO
TSCO - Tractor Supply Company
EZCH - Ezchip Semicon
SI - SIEMENS A G ADR
ALKS - Alkermes, Inc.
HLF - HERBALIFE LTD
NST – NSTAR
New 52-week Low stocks
OCR - OMNICARE INC
WDC - WESTERN DIGITAL CORP
PMC - Pharmerica Corp
APEI - American Public
LINC - LINCOLN EDUCATIONAL
The following list shows stocks whose MACD fast line crossed above MACD slow line
RIMM - Research in Motion
QCOM - QUALCOMM Incorporated
NVDA - NVIDIA Corporation
K - KELLOGG CO
COV - Covidien Plc
PMCS - PMC - Sierra, Inc.
NVE - SIERRA PACIFIC RESOURCES
APKT - Acme Packet Inc
MA - MASTERCARD INCORPORPORATION
AUO - AU OPTRONICS CORP
GEOY - Orbimage Inc
RYL - RYLAND GROUP INC
ATI - Allegheny Technolog
PPO - Polypore International
GSK - GlaxoSmithKline PLC
ACE - Ace Ltd
PFWD - PHASE FORWARD INC
LPX - LOUISIANA PACIFIC CORP
DSX - DIANA SHIPPING INC
SEIC - SEI Investments Com
XEC - Cimarex Energy Co
The following list shows stocks whose MACD crossed above 0
AMNG - The Amergence Group
AMTD - TS Ameritrade Holdings
CHK - CHESAPEAKE ENERGY CORP
JNJ - JOHNSON & JOHNSON
BRCD - Brocade Communications
AMR - A M R CORP
IAG - IAMGOLD CP
HRBR - Harbor Bioscience
PKI - PERKINELMER INC
SQNM - Sequenom, Inc.
MAT - Mattel Co
AMKR - Amkor Technology, Inc.
NIV - NIVS INTELLIMEDIA
FII - FEDERATED INVESTORS
DVA - DaVita Inc
UNGS - Adventure Energy Inc
WDR - WADDELL & REED FINL
PRGO - Perrigo Company
FAST - Fastenal Company
ORI - OLD REPUBLIC INTL CORP
BKS - BARNES & NOBLE INC
PTN - Palatin Technologies
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: CIEN, NVDA, PWER, SOLF
