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I continue to watch $4.70 for ELN, if it can break up through there, its worth it for me to buy for a trade. This is a price to keep an eye on in the future. On the downside, there continues to be solid support just above $4.50 ( 13-day moving average ). Pullbacks below this level should be bought with a tight stop at $4.40. Short-term technical indicators are improving and MACD histogram bars are slowly picking up while RSI is neutral at 50. Keep an eye on ELN next week.
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Adobe Systems Incorporated (NASDAQ:ADBE) has been one of the hottest stocks on the Nasdaq recently. The stock closed below the 200 day moving average today so i will be waiting for the stock to close back over it before start buying.
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JDS Uniphase Corporation (NASDAQ:JDSU) had another strong day Friday. I am looking for a close over $11.74 and a break above minor resistance located at $11.92. I think expect a retest of $12.89 soon. On the downside, the 50 day moving average is now trending up so all pullbacks to the 50 day ( $10.46 ) are a good entry point.
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Motorola, Inc. (NYSE:MOT) is still trading around $8 which has been a strong resistance over the past several days. I now plan to buy the stock if it can break Thursday's high of $8.14. The trend is still up.
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TOL was upgraded by KeyBanc Capital Mkts on Friday with a $22 price target. I will be buying the stock when it breaks up through $19.02 ( 200-day moving average ). The stock is extremely overbought right now and the odds for a downturn are very high.
Other stocks to watch :
YRC Worldwide Inc. (YRCW) - I will buy on a break above $.3044
DryShips, Inc. (DRYS) - Will buy when DRYS closes above $4.26
Novavax, Inc. (NVAX) - I will buy on a break above $2.35
SIRIUS XM Radio Inc. (SIRI) - I will buy on a break above $1.06
Cell Therapeutics, Inc. (CTIC) - I will buy on a break above $.40
Las Vegas Sands Corp. (LVS) - I will buy on a break above $32.54
Bank of America Corp (BAC) - Watching for a break above $13.72
Ambac Financial Group, Inc. (ABK) - Still watching ABK, will buy on a break above $.53.
THQ Inc. (THQI) - Heavy insider buying
New 52-week High stocksQ - QWEST COMM INTL INC
MO - ALTRIA GROUP
CCE - COCA COLA ENTERPRISES
PM - Philip Morris International
CTXS - Citrix Systems, Inc.
WIN - Windstream Corp
FMCN - Focus Media Hldg
INFN - Infinera Corp
VRSN - VeriSign, Inc.
TDC - Teradata
CPX - COMPLETE PRODUCTION
ADTN - ADTRAN, Inc.
EPI - WisdomTree India Ea
ALXN - Alexion Pharmaceutical
TKR - TIMKEN CO
HUM - HUMANA INC
RES - R P C INC
VAR - Varian Medical System
ENR - ENERGIZER HOLDINGS INC
UA - UNDER ARMOUR INC
MJN - Mead Johnson Nutrition
New 52-week Low stocksNSM - NATIONAL SEMICONDUCTOR
ONNN - ON Semiconductor Co
ATHR - ATHEROS COMMUN INC
TNDM - Neutral Tandem Inc
CHBT - China-Biotics Inc
ASIA - Asiainfo Linkage
BRKS - Brooks Automation
ZRAN - Zoran Corporation
Unusual Volume LFBG - Left Behind Games Inc.
CPRKQ - Copper King Mining Corp.
CROX - CROCS INC
KV.A - K-V Pharmaceutical Co
LULU - lululemon athletical
OPTZ - Optimized Transportation Management, Inc.
NVLT - Novelos Therapeutical
FEEL - Feel Golf Co Inc
ARGC - Artepharm Global Corp
RADS - Radiant Systems, Inc.
SEH - SPARTECH CORP
HYGN - Hydrogenetics, Inc.
AIQUY - L'Air Liquide SA
ORGT - OrganiTECH USA Inc
SMKG - Smart Card Marketing Systems, Inc.
BDCO - Blue Dolphin Energy Cp
GDLNF - Greenland Minerals
BHPLF - BHP BILLITON LTD
NCMGY - Newcrest Mining
GSPN - Goldspan Resources Inc
SCRMF - Sacre Couer Mineral
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.
Have a nice weekend,
AC
Labels: ADBE, ELN, JDSU, MOT, TOL