Stock Picks for Tuesday August 24
( click to enlarge )BAC - From a technical standpoint, there are some signs of a possible bounce here due to the oversold indicators and some positive divergences, which often leads to short covering. Let’s see whether the stock can gather enough momentum to break through $13.10.
( click to enlarge )WCRX broke out on huge volume. The stock closed up $1.30 today and looks poised to make another move on Tuesday. If WCRX breaks through today’s high of $29.81, I am a buyer of the stock. The technical chart above shows the stock is on a strong bull market as the stock is trading above 50-day and 200-day moving with both moving average pointing upwards. I will watch the stock closely on Tuesday and buy once it breaks through resistance.
( click to enlarge )MU - The stock had a nice move, closing the day at $7.36 . MU seems to want to bounce from lows and the increased volume shows there were buyers in the stock. I'm looking to buy the stock above today’s high of $7.45 and we could see a nice quick pop above the $7.61 price level. Let's keep an eye on MU as i think momentum will pick up.
( click to enlarge )I first alerted you on GNBT on August 17th when it was trading at $.037, quickly the next day we saw gains of more than 10% and the stock finished the day at $.4189. I continued to say the gains would continue and in fact today GNBT gained another 10%. I have been right on the money so far with GNBT. Honestly, looking at the technical chart this looks to be just the beginning of GNBT's run and I’m extremely confident that the gains will continue! The volume was tremendous, with more than 6.4 Million of shares traded in a single day, compared with a normal average of less than 1. 5 M shares a day. The stock looks like it can run up to the $.59-$.60 level. Make sure to keep an eye on this stock on Tuesday.
Other stocks to watch :
Other stocks to watch :
New 52-week High stocks
PAR - 3PAR Inc
POT - POTASH CORP SASKATC
WCRX - Wrner Chil Plc A
AKAM - Akamai Technologies
MCD - MCDONALDS CORP
ISLN - Isilon Systems Inc
VMW - VMWARE INC CLASS A
CTXS - Citrix Systems, Inc.
INFA - Informatica Corp
NANO - Nanometrics Incorporation
POM - Potomac Electric Po
ENDP - Endo Pharmaceutical
APKT - Acme Packet Inc
JKS - JINKOSOLAR HOLDINGS
AAP - ADVANCE AUTO PARTS INC
MIPS - MIPS Technologies
QSFT - Quest Software, Inc.
PTP - Platinum Underwrite
EBIX - Ebix Inc
MELI - MercadoLibre Inc
VIT - Vanceinfo Technology
HANS - Hansen Natural Corp
MKC - MCCORMICK & CO INC
New 52-week Low stocks
HPQ - HEWLETT-PACKARD CO
WFC - WELLS FARGO & CO
HIG - Hartford Financial
CX - CEMEX S.A.
SPLS - Staples, Inc.
BBT - BB&T CORPORATION
SVU - SUPERVALU INC
CEG - Constellation Energy
MWW - Monster Worldwide Inc
FORM - FORMFACTOR INC
RHI - ROBERT HALF INTL INC
STM - STMicroelectronics NV
KCG - Knight Capital
RRD - Donnelley (RR) & Sons
UTA - Universal Travel
LLL - L3 Comm
CSC - COMPUTER SCIENCES CORP
CYH - COMMUNITY HEALTH SY
ARRS - Arris Group Inc
ISIS - Isis Pharmaceutical
CTV - COMMSCOPE INC
LINC - LINCOLN EDUCATIONAL
VPRT - Vistaprint Nv
CME - CME Group Inc
PLXS - Plexus Corp.
WOOF - VCA Antech, Inc
OSG - OVERSEAS SHIPHLDG G
BKE - Buckle Inc
WINN - WINN-DIXIE STORES
ORN - Orion Marine Group Inc
MACD Bullish Cross
AMNG - The Amergence Group
ES - EnergySolutions Inc
CIM - Chimera Investment
OPMG - Options Media Group
HCBK - Hudson City Bancorp
TSN - TYSON FOODS INC CL A
HMA - Health Management A
ISLN - Isilon Systems Inc
TGT - TARGET CORP
INFA - Informatica Corp
EAT - BRINKER INTL INC
MDR - MCDERMOTT INTL INC
ANN - ANNTAYLOR STORES CORP
HGSI - Human Genome Science
NZ - Netezza Corp
OC - Owens Corning Inc
AMKR - Amkor Technology, Inc.
ROST - Ross Stores, Inc.
CDNS - CADENCE DESIGN SYS INC
EPI - WisdomTree India Ea
PXD - PIONEER NATURAL RES CO
PWRD - Perfect World Co Ltd
Unusual Volume
XYNH - Xynergy Holdings, Inc.
PWLK - POWERLOCK INTL CORP
SMMT - STRATCOMM MEDIA LTD
JAZZ - Jazz Pharmaceutical
IDGI - Inca Designs, Inc.
THMRQ - Thornburg Mortgage Inc
NSOL - NUCLEAR SOLUTIONS INC
AVEW - Actionview International Inc.
XING - Qiao Xing Uni Re
NXTH - NXT Nutritionals Ho
EPCT - EPICEPT CORPORATION
SATM - Echo Satellite Communication
SCOK - Sincokng C&C Che
GUT - GABELLI UTILITY TRUST
TERA - TERAFORCE TECH CORP
SMCE - SMC Recordings Inc.
AKO.B - Embotelladora Andin
EXLLF - EXCELLON RESOURCES
FLPC - First Liberty Power
CULBF - CoolBrands International
FLMTF - FULL METAL MINERALS
The following list shows stocks whose MA(13) crossed above MA(50)
LVLT - Level 3 Communications
MFE - MCAFEE, Inc.
JNJ - JOHNSON & JOHNSON
AKAM - Akamai Technologies
AUY - YAMANA GOLD INC
NFLX - Netflix, Inc.
GDX - MKT VECT GOLD MNRS
ABX - BARRICK GOLD CORP
DYN - Dynegy Delaware Inc
MPEL - Melco Crown Adr
DVN - Devon Energy Cp
BSDM - BSD Medical Corp
CVO - MAIL WELL INC
EGO - ELDORADO GOLD CP
CPB - CAMPBELL SOUP CO
IAG - IAMGOLD CP
AEM - AGNICO EAGLE MINES LTD
CHTP - Chelsea Therapeutical
UTA - Universal Travel
AON - AON CORP
NTRS - Northern Trust 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
