Stock Picks forThursday 05 August
( click to enlarge )DNDN surprisingly gapped up with a big upward spread and was accompanied by large volume. The stock closed the day very strong at $39.78 representing a gain of over 17% since Tuesday's close. If DNDN can break through today’s high of $40, I am a buyer of the stock. This can be a fast moving stock, so watch it closely. The technical daily chart above shows bullish signal as %K line is again 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 the stock is above 50-day moving average and the 200-day moving average, we should see the trend continue to be upward.
( click to enlarge )IRE had a bearish momentum today. On the technical daily chart above we can see that price is now testing the minor trendline support indicating critical technical point. A break below that trendline support and consistent move below 4.48 area could trigger further bearish momentum testing 4.24 region and could be a serious threat to the short-term bullish correction scenario. On the upside, another movement back above 4.62 area should keep the upside medium bias intact.
( click to enlarge )MOT had a very strong day, closing up $.44 on 2x normal daily volume. Today’s high was $8.18, which gives us an entry point of $8.19 on Thursday. The stock has a lot of potential to be a big percentage mover, so watch it closely. The short and medium term technical outlook are in bullish mode but I think now is also the time to think about the long term outlook.
New 52-week High stocks
Q - QWEST COMM INTL INC
LVS - LAS VEGAS SANDS CP
EMC - EMC CORP
LIA - Liberty Acquisition
BIDU - Baidu Inc
MO - ALTRIA GROUP
DD - DUPONT E I DE NEMOU
PCLN - priceline.com Incorporation
SLE - SARA LEE CORP
NTAP - NetApp Inc
CTXS - Citrix Systems, Inc.
RHT - Red Hat, Inc.
CCE - COCA COLA ENTERPRISE
SUN - SUNOCO INC
VMW - VMWARE INC CLASS A
INTU - Intuit Inc.
VTIV - Inventive Health
SPG - SIMON PROPERTY GROUP
AMJ - JP Morgan Alerian M
AGP - AMERIGROUP Corp
BWA - BorgWarner Inc
NU - NORTHEAST UTILITIES
ENTR - Entropic Communication
EXPD - Expeditors International
CCI - Crown Castle International
IACI - IAC InterActiveCorp
NR - NEWPARK RESOURCES INC
CRM - SALESFORCE.COM INC
CHRW - C.H. Robinson World
NHP - NATIONWIDE HLTH PRO
NBIX - Neurocrine Biosciences
VTR - Ventas Inc
CXO - Concho Resources Inc
OPEN - Opentable Inc
LCAPA - LIBERTY MED CP A
WLL - WHITING PETROLEUM CP
OAS - Oasis Petroleum Inc
BIN - IESI-BFC Ltd
CHT - CHUNGHWA TELCOMM
ALXN - Alexion Pharmaceutical
CNQR - Concur Technologies
PSA - PUBLIC STORAGE INC
RYN - RAYONIER INC
New 52-week Low stocks
LEAP - LEAP WIRELESS INTL
COCO - Corinthian Colleges
ELX - Emulex Corporation
VMC - VULCAN MATERIALS CO
CRK - COMSTOCK RESOURCES INC
RHB - REHABCARE GROUP INC
BEC - BECKMAN COULTER INC
CCC - CALGON CARBON CORP
ORN - Orion Marine Group Inc
CNCEF - C&C Energia Ltd
The following list shows stocks whose MACD fast line crossed above MACD slow line
EMC - EMC CORP
ORCL - Oracle Corporation
GDX - MKT VECT GOLD MNRS
ABX - BARRICK GOLD CORP
SD - Sandridge Energy Inc
GG - GOLDCORP INC
SPIL - Siliconware Precision
IAG - IAMGOLD CP
RHT - Red Hat, Inc.
SE - SPECTRA ENERGY CORP
AMT - AMERICAN TOWER CORP
DO - DIAMOND OFFSHR DRLL
MAT - Mattel Co
HNZ - HEINZ H J CO
SNY - SANOFI-AVENTIS ADS
HMY - HARMONY GOLD MINING
ZMH - ZIMMER HOLDINGS INC
WX - WuXi PharmaTech Cay
CPB - CAMPBELL SOUP CO
EOG - EOG Resourses
AGN - ALLERGAN INCORPORATED
ORI - OLD REPUBLIC INTL CORP
DOX - AMDOCS LTD
PSSI - PSS World Medical Inc
IPXL - Impav labs Inc
PVX - PROVIDENT ENERGY TR
GMXR - Gmx Resourcs Inc
WHR - WHIRLPOOL CORP
FTLK - Funtalk China Holdings
OPEN - Opentable Inc
WBMD - Webmd Health Crp
ONP - Orient Paper Inc
AXS - AXIS CAPITAL HLDGS LTD
CEC - CEC ENTERTAINMENT INC
SFG - STANCORP FINANCIAL
FRG - Fronter Gold Inc
MIN - M F S INTERMEDIATE
PHYS - Sprott Physical Gol
OMI - Owens & Minor Inc
PMACA - PMA Capital Corporation
MAKO - MAKO SURGICAL CORP
MLHR - Herman Miller, Inc.
CPE - CALLON PETROLEUM CO
ENB - ENBRIDGE INC
PTY - Pimco Corporate Opp
PETS - Petmedexpress.com Inc
HSII - Heidrick & Struggle
FLO - FLOWERS INDUSTRIES INC
RDY - DR REDDYS LABORATORIES
BEBE - bebe stores, 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
