Stock Picks for Wednesday 04 August
( click to enlarge )SIRI - Looking at the technical chart the stock looks like it is forming a symmetrical triangle but it is not yet ripe for the breakout.In fact, another pattern that might happen for this stock is for it to just form an upward channel as we can above without having a proper breakout of the symmetrical triangle. But either way, we may be looking at an upward trend. All the technical indicators are in favor of an upward price movement: all the major moving averages are below the current price, MACD has generated a buy signal and is currently above the "0" line.
( click to enlarge )This stock chart looks very enticing. We now have a small ascending triangle broken with MACD above signal line and above zero line, which is a bullish indicator. In addition to that we also have the price currently above the 50-day MA. AIB could be a good stock to trade on Wednesday, and I will be buying the stock once it breaks above Tuesday’s high. Watch AIB closely because when it breaks, it will move quickly.
( click to enlarge )The stock was on my list a few days ago, and has been slowly trying to make a move up. DRYS has to break above $4.79, for it to pick up momentum. Watch the stock closely on Wednesday, and once it breaks through $4.79, get ready to enter the trade.
Other stocks to watch :
CTIC - Cell Therapeutics - As long as the stock holds above the $.40 support level the intermediate-term picture should remain positive. Fresh exposures may be considered on a move past $.50.
BAC - Bank of America Corporation - Watching for a close above $14.65
MOT- Motorola - Watching for a close above $7.69
BANR - Banner Corporation - Watching for a close above $2.5
AAPL - Apple - Watching for a close above $265.99
SOMX - Somaxon Pharmaceuticals, Inc. - Resistance is located at $4.09 ( 200 MA ) if the stock breaks this level, it has a chance to run.
JDSU - JDS Uniphase Corporation - Resistance remains at $11.36 and I would be a buyer on a break above that level for a trade.
AMD - Advanced Micro Devices Inc. - The stock continues the downtrend, so look for futher downside activity on a break under 7.41.
MOT- Motorola - Watching for a close above $7.69
BANR - Banner Corporation - Watching for a close above $2.5
AAPL - Apple - Watching for a close above $265.99
SOMX - Somaxon Pharmaceuticals, Inc. - Resistance is located at $4.09 ( 200 MA ) if the stock breaks this level, it has a chance to run.
JDSU - JDS Uniphase Corporation - Resistance remains at $11.36 and I would be a buyer on a break above that level for a trade.
AMD - Advanced Micro Devices Inc. - The stock continues the downtrend, so look for futher downside activity on a break under 7.41.
New 52-week High stocks
LVS - LAS VEGAS SANDS CP
SOLF - Solarfun Power Holdings
CTSH - Cognizant Technology
BIDU - Baidu Inc
SLE - SARA LEE CORP
VSH - Vishay Intertechnology
HLF - HERBALIFE LTD
D - DOMINION RESOURCES
CCE - COCA COLA ENTERPRIS
AZN - ASTRAZENECA PLC
CNI - CANADIAN NATL RAIL CO
NR - NEWPARK RESOURCES INC
INTU - Intuit Inc.
CCI - Crown Castle International
LINE - LINN ENERGY LLC UTS
AGP - AMERIGROUP Corp
HRC - Hil-Rom Holdings
SHPGY - Shire Plc Ads
NBIX - Neurocrine Biosciences
IACI - IAC InterActiveCorp
GGAL - Grupo Financiero Ga
AMCC - Applied Micro Circuits
PGN - Progress Energy Inc
SAPE - Sapient Corporation
CHRW - C.H. Robinson World
WLL - WHITING PETROLEUM CP
PHK - Pimco High Income Fund
SOLR - GT Solar International
RES - R P C INC
PSA - PUBLIC STORAGE INC
FRT - FEDERAL REALTY INVT TR
ACOM - Ancestry.com Inc
RYN - RAYONIER INC
CXO - Concho Resources Inc
CHT - CHUNGHWA TELCOMM
HGRD - Health Grades
CNQR - Concur Technologies
VNR - Vanguard Natural Re
ITC - ITC HOLDINGS CORP
AWH - ALLIED WORLD ASSURANCE
GAS - NICOR INC
EPB - EL Paso Pipeline Pa
WCN - Waste Connections Inc
OAS - Oasis Petroleum Inc
GIM - TEMPLETON GLOBAL IN
BAP - CREDICORP LTD
New 52-week Low stocks
NVDA - NVIDIA Corporation
MDR - MCDERMOTT INTL INC
SYKE - Sykes Enterprises
LEAP - LEAP WIRELESS INTL
MPWR - MONOLITHIC POWER SYSTEMS
AHS - AMN HEALTHCARE SERVICES
Unusual Volume
MET - METLIFE INC
DOW - DOW CHEMICAL CO
BHI - BAKER HUGHES INC
KGC - KINROSS GOLD CORP
MDR - MCDERMOTT INTL INC
AAWW - Atlas Air Worldwide
BGC - General Cable Corp
HLF - HERBALIFE LTD
PHH - Phh Cor
PUK - PRUDENTIAL PLC
TTEC - TeleTech Holdings
ADSY - Ad Systems Communications
SFIO - SMOKEFREE INNOTEC INC
MDCO - Medicines Company
AAWW - Atlas Air Worldwide
NVMI - Nova Measuring Inst
PNTV - Players Network Inc
BLUS - NEUROCHEM INC ORD
MZBY - ASIA PMT SYS 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
