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Friday, October 22, 2010 

Stock Picks for Monday, October 25

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NVIDIA Corporation (NASDAQ:NVDA) brokeout from a small triangle with a very large volume. Target price for the stock is around 12.74. Watchout for upcoming resistance at 12.36 which is a previous high. The stock had its moments of weakness on Thursday, but today closed strong and remains in a short-term uptrend. Even thought the current pattern could evolve into a rising flag, this should not be a concern as long as the flag rises and Friday’s low holds. Looking at the technical indicator RSI, the stock is currently in a bullish movement and there is still a large area for upward movement. For the coming week, watchout for a possible breakout over $12.36 which is the previous high of September. Let's keep an eye on it.

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Starbucks Corporation (NASDAQ:SBUX) brokeout from a sideways channel with large volume.  Looking at the technical chart above the stock shows very strong bullish sign. First of all the stock is trading above both 50-day and 200-day moving average with both moving average pointing upwards. Then the MACD indicator is rising above "0" also indicating a buy. In addition, KD line still show the stock is on the positive swing. I'll be watching the stock again on Monday for a follow through.  Resistance is $28.61, which was today’s high.

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The Walt Disney Company (NYSE:DIS) had a slight bounce today, as this could be the start of a possible breakout move. Volume was on the light side, but once the stock breaks out we'll see an upturn in buying. I'm keeping resistance around the downtrend line at $35.15 for the breakout move. Once DIS breaks through, we should see a heavy increase in buying.

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Analog Devices, Inc. (NYSE:ADI) hit 52-week highs recently, but has sold off the past week.  Today, the stock closed slightly up which is telling us there are buyers and we should see an upside move very soon. I set resistance at $32.56 and expect to see follow through once the stock breaks through. ADI has potential for a good upside move, so watch it closely on Monday. 

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MIPS Technologies, Inc. (NASDAQ:MIPS) may be ready to break. The stock consolidated again today, but I still like this stock.  MIPS is telling us it wants to break out but there has been big selling at the $10.50 level. Watch Monday's action for a possible breakout over $10.50.

Other stocks to watch :


New 52-week High stocks 

BIDU - Baidu Inc
AMZN - Amazon.com, Inc.
SBUX - Starbucks Corporation
CPWR - Compuware Corporation
RVBD - Riverbed Technology
COP - ConocoPhillips
UNH - UNITEDHEALTH GROUP INC
SO - SOUTHERN CO
FTNT - Fortinet Inc
NTAP - NetApp Inc
WCC - WESCO INTERNATIONAL
WYN - Wyndham Worldwide WI
LRCX - Lam Research Corporation
YUM - TRICON GLOBAL REST INC
KIM - KIMCO REALTY CORP MD
WRI - WEINGARTEN REALTY INVS
SOHU - Sohu.com Inc.
UDR - UDR Inc
PCP - PRECISION CASTPARTS
QSFT - Quest Software, Inc.
LBTYA - Liberty Global Inc
FRX - FOREST LABORATORIES
AGCO - A G C O CORP
INFA - Informatica Corp
ALB - ALBEMARLE CORP
VRSN - VeriSign, Inc.
RGS - RGS ENERGY GROUP INC
ACTG - Acacia Research Corp
ZAGG - Zagg Incorporated
LOGI - Logitech International
PCLN - priceline.com Incorporation
XXIA - Ixia
HUM - HUMANA INC
VSH - Vishay Intertechnology
PENN - Penn National Gamin
ETN - EATON CORP
MIPS - MIPS Technologies
ACE - Ace Ltd
XRS - TAL Education Group
BEAV - BE Aerospace, Inc.
ISLN - Isilon Systems Inc
HANS - Hansen Natural Corp
IBKR - Interactive Brokers
ENDP - Endo Pharmaceutical
TRW - TRW AUTOMOTIVE HLDG
SNA - SNAP ON INC HOLDING CO
DLTR - Dollar Tree Inc
PAY - Verifone Systems
SAPE - Sapient Corporation
KKD - Krispy Kreme Doughn
GDI - GARDNER DENVER INC
GRA - GRACE W R & CO NEW
PFCB - P.F.Chang's China B
ROP - ROPER INDUSTRIES INC
CYD - CHINA YUCHAI INTL LTD
HGR - HANGER ORTHOPEDIC G
SBH - Sally Beauty Holding
SIG - Signet Jewelers
PX - PRAXAIR INC
MKC - MCCORMICK & CO INC
LXK - Lexmark International
PNRA - Panera Bread Company
AUMN - Golden Minerals Co
TK - Teekay Co
LBTYK - Liberty Global Inc
SMG - Scotts Miracle Grow
ATAC - ATC Tech Corp
MSM - MSC INDUSTRIAL DIRE
NTCT - NetScout Systems, Inc.
FOSL - Fossil, Inc.
MRH - Montpelier Re Holding
BRO - BROWN AND BROWN INC
GGAL - Grupo Financiero Ga
SLH - Solera Holdings Inc
MSCC - Microsemi Corporation
ENR - ENERGIZER HOLDINGS INC
CBRL - Crackr Barel Old
UNFI - United Natural Food
CNH - CNH GLOBAL NV
AZO - AUTOZONE INC NEVADA
CPO - CORN PRODUCTS INTL INC
WRE - WASHINGTON R E I T
GBX - GREENBRIER COS INC
PBH - PRESTIGE BRANDS HOL
VIT - Vanceinfo Technology
GEO - WACKENHUT CORRECTIONS
MCRS - MICROS Systems, Inc.
CRR - CARBO CERAMICS 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.

Have a nice weekend,

AC

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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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