Stock Picks for Wednesday August 18
( click to enlarge )The stock continued its bullish momentum today, gaining more than 1% to $37.76 with 2 million shares traded. Looking at the technical chart above we can see price break above the trend line resistance indicating potential bullishness targeting $40 in nearest term. The immediate support is now at $37.21. Only a break below that area could trigger further bearish pressure, testing the minor trendline support at $35.96 area but as long as price move inside the bullish channel we are still in upside phase.
( click to enlarge )Shares of Pacific Ethanol soared 38.46% to 72 cents per share following the company's second-quarter earnings announcement Monday evening. The company posted $107.8 million or $1.43 per share in net income for the three months ended June 30, compared to a loss of -$28.2 million or -49 cents per share in the same period last year. The Sacramento-based firm recorded a $119.4 million non-cash gain tied to production subsidiaries' emergence from bankruptcy, and net sales increased by 9.5% to $76.6 million. PEIX is now worth watching on Wednesday and a close above $.85 would be very bullish. The technical chart above shows bullish signal as %K line is now on top of %D line and MACD is on top of zero. There could be some profit taking as the stock seems to rise too quickly in a short time. However, now that PEIX's shares are above the 50-day moving average, we should see the trend continue to be upward.
( click to enlarge )The technical daily chart looks positive as 20-day moving average has just crossed on top of 50-day moving average. In addition, the stock broke falling wedge resistance and upside volume is outpacing downside volume. Watch $.40 for a breakout. Institutions have been loading up shares of GNBT in the last quarter, buying total of 2 million shares.
The recent transactions shows positive sign.
The recent transactions shows positive sign.
RENAISSANCE TECHNOLO 6/30/2010 994,108 New
BARCLAYS PLC 6/30/2010 541,317 New
DEUTSCHE BANK AG\ 6/30/2010 452,697 New
New 52-week High stocks
PTV - PACTIV CORPORATION
POT - POTASH CORP SASKATC
LVS - LAS VEGAS SANDS CP
MO - ALTRIA GROUP
NFLX - Netflix, Inc.
CMS - C M S ENERGY CORP
SOLR - GT Solar International
GMCR - Green Mountain Coffee
NANO - Nanometrics Incorporation
TTM - TATA MOTORS LTD ADS
MELI - MercadoLibre Inc
D - DOMINION RESOURCES
PCLN - priceline.com Incorporation
GGAL - Grupo Financiero Ga
POM - Potomac Electric Po
PGN - Progress Energy Inc
PX - PRAXAIR INC
CHL - China Mobile ltd
FDO - FAMILY DOLLAR STORES
ODSY - Odyssey Healthcare
INFA - Informatica Corp
HAS - HASBRO INC
New 52-week Low stocks
CHS - Chicos FAS Inc
ESI - I T T EDUCATIONAL SVCS
DV - DEVRY INC
QGEN - Qiagen N.V.
LOPE - Grand Canyon Education
CECO - Career Education Co
VPRT - Vistaprint Nv
STRA - Strayer Education
PMC - Pharmerica Corp
BXS - BANCORPSOUTH INC
PEGA - Pegasystems Inc.
GA - Giant Interactive G
Earnings Announcements for Wednesday
AFC Enterprises, Inc.- AFCE.
Applied Materials - AMAT.
Baldwin Technology - BLD
BJ's Wholesale Club - BJ
Brocade Communications Systems, Inc. - BRCD
BROOKLYN FEDERAL BANCORP INC - BFSB
Chico's FAS, Inc. – CHS
CHIPMOS TECH BERMUDA LTD - IMOS
Citi Trends, Inc. - CTRN
COMMUNITY BANKERS TR CORP - BTC
Concord Medical Services Holdings Limited – CCM
CORPBANCA - BCA
Ditech Networks - DITC
Duoyuan Global Water Inc. – DGW
Eaton Vance Corp. - EV
FABRINET - FN
Flexsteel Industries - FLXS
GRAVITY CO LTD - GRVY
Gymboree - GYMB
Helios & Matheson North America - HMNA
IFM Investments Ltd - CTC
KSW INC - KSW
LeCroy Corporation - LCRY
Magal Security Systems - MAGS
Matrix Service - MTRX.
Mayflower Co-operative Bank - MFLR
MELA Sciences - MELA
MERCANTILE BANCORP INC ILL - MBR
NetApp, Inc. - NTAP.
NetEase.com Inc - NTES.
Open Text - OTEX
ORIGIN AGRITECH LIMITED - SEED
PetSmart - PETM
RADIENT PHARMACEUTICALS CORP - RPC
Schoeller Bleckmann Oilfield Equipment AGSBO.VI: am ET
Signalife Inc. - SGN
SUFA TECHNOLOGY INDUSTRY CO.SZ
Suntech Power Holdings Co., Ltd. – STP
Synopsys - SNPS
Target Corporation – TGT
ValueVision - VVTV
List of stocks whose chart is displaying a cup and handle formation
DTV - Directv A
IPG - INTERPUBLIC GRP OF COS
IBM - INTERNATIONAL BUSIN
CTL - Centurylink Inc
MMM - M, MINNESOTA MNG
FST - FOREST OIL CORP
EMR - EMERSON ELECTRIC CO
PCAR - PACCAR Inc
BTU - PEABODY ENERGY CORP
CBG - CB RICHARD ELLIS GR
LRCX - Lam Research Corporation
HBC - HSBC Holdings PLC
UDR - UDR Inc
AGCO - A G C O CORP
CML - Compellent Technology
ACC - AMER CAMPUS COMMUNICATION
HNT - Health Net Inc
PSO - Pearson PLC
SAP - Sap Ag
PPG - P P G INDUSTRIES INC
IVN - IVANHOE MINES LTD ORD
YONG - Golden Tan Inc
ROP - ROPER INDUSTRIES INC
PDS - Precision Drilling
CXW - Corrections Corporation
AXS - AXIS CAPITAL HLDGS LTD
O - Realty Income Corp
BRE - B R E PROPERTIES IN
EXR - EXTRA SPACE STORAGE
DTG - DOLLAR THRIFTY AUTO
NKTR - Nektar Therapeutics
LZ - LUBRIZOL CORP
GWW - WW Grainger Inc
MASI - Masimo Corp
LII - Lennox International
SYNA - Synaptics Incorporated
AMSC - American Superconductor
SHOO - Steven Madden, Ltd.
DEO - DIAGEO P L C NEW
MGLN - MAGELLAN HEALTH SVC
IFSIA - Interface, Inc.
DOLE - Dole Food Co
CNA - CNA FINANCIAL CORP
List of Stocks whose chart shows a Bollinger Band Expansion
BRCM - Broadcom Corporation
SYMC - Symantec Corporation
SSHO - FirstBingo.com
NFLX - Netflix, Inc.
ESI - I T T EDUCATIONAL SVCS
MFC - MANULIFE FINANCIAL
SOLR - GT Solar International
DV - DEVRY INC
VECO - Veeco Instruments Inc.
CMVT - Comverse Technology
ARO - AEROPOSTALE INC
CAG - CONAGRA INC
MDR - MCDERMOTT INTL INC
JBL - JABIL CIRCUIT INC
OCR - OMNICARE INC
TTWO - Take-Two Interactive
CPLA - Capella Education Co
CL - COLGATE-PALMOLIVE C
PBI - PITNEY BOWES INC
LOCM - INTERCHANGE CP
CTV - COMMSCOPE INC
TS - Tenaris SA
ATEC - ALPHATEC HOLDINGS
CAVM - Cavium Networks Inc
LINC - LINCOLN EDUCATIONAL
IT - GARTNER GROUP INC
NETL - Netlogic Microsystem
DLB - DOLBY LABORATORIES INC
MDAS - MedAssets Inc
CNW - C N F TRANSPORTATION
SKX - SKECHERS USA INC
PCLN - priceline.com Incorporation
PMC - Pharmerica Corp
TFSL - TFS Financial Corp
NANO - Nanometrics Incorporation
CTB - COOPER TIRE & RUBBER
GGAL - Grupo Financiero Ga
AAU - ALMADEN MINERALS LTD
NENG - Network Engines, Inc
ARRS - Arris Group Inc
TKOI - TELKONET INC
DVA - DaVita Inc
APPCO - Penwest Pharmaceutical
SONE - S Corporation
ADY - AMERICAN DAIRY INC
DSCM - drugstore.com, inc.
UNTD - United Online Inc
YNGFF - Yukon-Nevada Gold Corp
CSL - CARLISLE COS INC
RBCN - Rubicon Technology Inc
DLX - DELUXE CORP
RUE - Rue Inc
PEGA - Pegasystems Inc.
NWBI - Northwest Bancorp
HYC - HYPERCOM CORP
HIMX - Himax Technologies Inc
SCLN - SciClone Pharmaceutical
THS - TREEHOUSE FOODS INC
IL - Intralinks Holdings
HLCS - Helicos BioSciences
VRAZ - VERAZ NETWORKS INC
LTHU - Lithium Technology
CGI - Celadon Group, Inc.
ICOG - ICO GLBL COMMUN CL
CHSI - HealthExtras, Inc.
NRGY - INERGY LP
ARDM - Aradigm Corporation
DEPO - Depomed, Inc
WBMD - Webmd Health Crp
CYTK - CYTOKINETICS INC
DANKY - Danka Bsines Adr
FN - Fabrinet
KEX - KIRBY CORP
GPRO - GEN-PROBE INC
USTR - United Stationers Inc
MBLX - Metabolix Inc
Unusual Volume
BEDA - Bederra Corporation
PTV - PACTIV CORPORATION
HELI - Heli Electronics Corp
VRED - Virtual Ed Link, Inc
PRPM - PROPALMS, INC.
DPBE - Deep Blue Marine Inc.
MDRX - Allscripts, Inc.
PEIX - PACIFICETHANOLINC
SMVI - Social Media Ventures Inc.
ACC - AMER CAMPUS COMMUNICATION
OSTE - Osteotech, Inc.
SSHO - FirstBingo.com
MJNA - Medical Marijuana Inc
TELT - Teltronics, Inc.
EGMI - ELECTRONIC GAME CAR
DLCR - DAVID LOREN CP NEW
EVPH - Everybody's Phone Company
MRES - Neuro Biotech Corp
TMHO - Talisman Holding
MAIN - Main Street Capital
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
