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Tuesday, October 19, 2010 

Stock Picks for Wednesday, October 20

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JDS Uniphase Corporation (NASDAQ:JDSU) broke down its support today on increased volume and selling pressure making this stock appear that it could easily be sent down to its support around $10. Only the break of the prior support now resistance confirmed by a daily closing will support higher levels. The indicators of the daily chart are still negative suggesting further possible pressure, only a strong closing again above the top of today could change this scenario.

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LDK Solar Co., Ltd. (NYSE:LDK) - The near-term outlook is bearish and the stock could drop to the $10.44-10 range. Bulls could remain invested with a stop loss at $9.62. This is a crucial level. Breakdown will result in a greater fall.

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ReneSola Ltd. (NYSE:SOL) - Hold with a stop-loss at $11.89. If stock breaks this level then the stock can head to $11.52 and if this level is breached then the level of $11 is visible. Fresh exposures may be avoided, as the short-term outlook is bearish. A close below $11 would impart further weakness and a subsequent test of $10-10.32 is not ruled out. The trend would turn positive only a close above $13.34. Long positions may be considered on a daily close above this level.

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Rambus Inc. (NASDAQ:RMBS) - The decline over the last few days occurred on lower volume and the stock is firming around 19.38. Technically, the stock still in downtrend in short term but at this level is showing some resistance to move down. The current price is above the 50-day moving average of 19.31. Sustained move above the average could signal development of an new uptrend. RMBS looks like it is gonna squeeze some shorts to me. Let's keep an eye on it.

Other Stocks to watch

NTAP - Network Appliance continues to trend higher.Watching for a close above $51.77.

YHOO - Yahoo results beat expectations. The stock has a strong resistance at $16.76.

CTIC - Cell Therapeutics, Inc. is now in Breakout mode. There are some great news about the results of its products that should come to the market soon. Keep the stock in your radar for a possible breakout over $.493.

GIGM - Gigamedia - The stock keeps holding the major support nicely.

THQI - THQ Inc - Watching for a close above $4.24
The Top Retail stocks based on daily volume

LOW - LOWES COMPANIES INC
SWY - SAFEWAY INC
GPS - GAP INC
HD - HOME DEPOT INC
WMT - Wal-Mart Stores Inc
M - FEDERATED DEPARTMENT
JCP - PENNEY J C CO INC
EBAY - eBay Inc.
CVS - CVS Caremark Corp
RAD - RITE AID CORP
ODP - OFFICE DEPOT INC
AMZN - Amazon.com, Inc.
GME - GAMESTOP CP
KR - KROGER CO
SBUX - Starbucks Corporation
 SKS - SAKS INC
MCD - MCDONALDS CORP
BBY - BEST BUY CO INC
EXPE - EXPEDIA INC
SPLS - Staples, Inc.
RSH - RADIOSHACK CORP
TGT - TARGET CORP
WAG - WALGREEN CO
JWN - NORDSTROM INC
SONC - Sonic Corp.
URBN - Urban Outfitters, Inc.
KSS - KOHLS CORP
FL - Foot Locker Inc
NFLX - Netflix, Inc.
ARO - AEROPOSTALE INC
CHRS - Charming Shoppes, Inc.
TJX - TJX COMPANIES INC
YUM - TRICON GLOBAL REST INC
COST - Costco Wholesale Co
FDO - FAMILY DOLLAR STORE.
CHS - Chicos FAS Inc
ANF - ABERCROMBIE & FITCH CO
 WFMI - Whole Foods Market
BBBY - Bed Bath & Beyond Inc.
KMX - CarMax Inc
LTD - LIMITED INC
JCG - J CREW GROUP INC
CTRP - CTRIP.COM INTL LTD ADS
TLB - TALBOTS INC
OMX - OfficeMax Inc
TIF - TIFFANY AND CO
ANN - ANNTAYLOR STORES CORP
FINL - Finish Line, Inc.
EAT - BRINKER INTL INC
PIR - Pier 1 Imports Inc
NDN - 99 CENTS ONLY STORES
JACK - JACK IN THE BOX INC
ROST - Ross Stores, Inc.
WSM - WILLIAMS SONOMA INC
AN - AUTONATION INC
GYMB - Gymboree Corporation
DRI - DARDEN RESTAURANTS INC
LULU - lululemon athletical
PSS - Collective brands
BIG - Big Lots Inc
GSIC - GSI Commerce, Inc.
DLTR - Dollar Tree Inc
CRI - CARTERS INC
BGP - BORDERS GROUP INC MICH
SIG - Signet Jewelers
MELI - MercadoLibre Inc
TSCO - Tractor Supply Company
CWTR - Coldwater Creek, Inc.
DPZ - DOMINO'S PIZZA INC
CAKE - Cheesecake Factory
IM - INGRAM MICRO INC
BKC - BURGER KING HOLDING
JMBA - SERVICES ACQUISITION
IACI - IAC InterActiveCorp
ORLY - O'Reilly Automotive
FAST - Fastenal Company
SHLD - KMart Corp
DDS - DILLARDS INC CL A
HGG - HHGregg Inc
RGS - RGS ENERGY GROUP INC
NLS - Nautilus Inc
NUS - Nu Skin Enterprises.
PETM - PETsMART, Inc.
DKS - DICKS SPORTING
PAG - UNITED AUTO GROUP INC
WTSLA - Wet Seal, Inc. (The)
TECD - Tech Data Corporation
HLF - HERBALIFE LTD
GAP - GREAT ATLANTIC & PA.
SAH - SONIC AUTOMOTIVE INC
BEBE - bebe stores, inc
ZLC - Zale Corp
AAP - ADVANCE AUTO PARTS INC
WINN - WINN-DIXIE STORES
LL - Lumber Liquidators Inc
 AZO - AUTOZONE INC NEVADA
GPI - GROUP I AUTOMOTIVE INC
DBRN - Dress Barn, Inc. (The)
TXRH - TEXAS ROADHOUSE INC
DIN - I H O P CORP
PNRA - Panera Bread Company
MW - Men's Wearhouse Inc
TUES - Tuesday Morning Corp.
CPRT - Copart, Inc.
BKS - BARNES & NOBLE INC
CBRL - Crackr Barel Old
RT - RUBY TUESDAY INC GA
DENN - Denny's Corp

Following list show stocks whose volume has been increasing over the last 3 days

HAL - HALLIBURTON CO HLDG CO
MET - METLIFE INC
PHM - Pultegroup Inc
KFT - KRAFT FOODS INC
PRU - PRUDENTIAL FINANCIAL
DTV - Directv A
GS - GOLDMAN SACHS GROUP
PBCT - People's Bank
LNC - LINCOLN NATIONAL CORP
NZ - Netezza Corp
ZION - Zions Bancorporation
TXT - TEXTRON INC
CFN - Carefusion Cp
ABC - AMERISOURCEBERGEN CORP
TWC - Time Warner Cable Inc
LSCC - Lattice Semiconductor
EXPD - Expeditors International
WOOF - VCA Antech, Inc.
MWV - MEADWESTVACO CORP
ISLN - Isilon Systems Inc
CE - CELANESE CORPORATION
OCN - OCWEN FINANCIAL CORP
UTA - Universal Travel
CVG - CONVERGYS CORP
OKE - ONEOK INC
EPD - ENTERPRISE PRODUCTS
SIG - Signet Jewelers
PDCO - Patterson Co
CWTR - Coldwater Creek, Inc.
MEDQ - MedQuist, Inc.
FSR - Flgstn Reins Hld
THRX - THERAVANCE INC
ATHN - athenahealth Inc
PAM - Pampa Energia Sa
MED - Medifast Inc
IDT - IDT Corp
CPO - CORN PRODUCTS INTL INC
AOS - Smith AO Corp
ROP - ROPER INDUSTRIES INC
B - BARNES GROUP INC
CTCT - Constant Contact Inc
PWV - POWERSHARES DYNAMIC
TRP - Transcanada Corp
ASTE - Astec Industries, Inc.
PTY - Pimco Corporate Opp
AWF - Alliancebernst Global
SUPX - Supertex, Inc.
FUN - CEDAR FAIR L P
HGR - HANGER ORTHOPEDIC G.
CNA - CNA FINANCIAL CORP
IMO - Imperial Oil Ltd

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

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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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