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Tuesday, October 26, 2010 

Stock Picks for Wednesday, October 27

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A123 Systems, Inc. (NASDAQ:AONE) - The stock was very strong trading 2x normal daily volume. AONE had big buyers in it all day and looks ready to make another move tomorrow. I am keeping AONE on the list for the next few days and I expect to see the stock pop up to $11. The next major resistance level for the stock is located at $11.50. A close above this level would be very bullish. Pullbacks to $9-$9.50 are now a good entry point. The daily technical indicators are bullish as MACD momentum and histograms trend higher in positive territory and RSI is moving up. In the medium term, the support base around 9.39 should maintain a positive bias.

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Plug Power Inc. (NASDAQ:PLUG) made a strong run the last hour of the day, closing at highs of $.46. The $.50 level is a huge obstacle for this stock. If PLUG can break through $.50, buy the stock and watch it take off.

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NRG Energy, Inc. (NYSE:NRG) - In the short term, the stock is in a medium-term bearish configuration. The technical indicator MACD is negative and below its signal line. As long as 20.26 is not broken up, I favour a down move with 20 and then 19.71 as next targets. Only the upside breakout of 21.02 will invalidate my bearish scenario. In this case, a recovery should shape towards 21.67 at first, and then 22.46. In the medium term, the trend is bearish.

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Yahoo! Inc. (NASDAQ:YHOO)  has been a subject of takeover rumors the past two weeks, which has driven the stock straight up.  The stock broke through a six month high of $16.50, running up to $16.75. Once the stock breaks $16.75, get ready to enter the trade.

Other stocks to watch :

New 52-week High stocks 

LVS - LAS VEGAS SANDS CP
EBAY - eBay Inc.
BIDU - Baidu Inc
NOV - NATIONAL OILWELL INC
COH - Coach Inc
MIPS - MIPS Technologies
NFLX - Netflix, Inc.
LCC - US AIRWAYS GROUP INC
KFT - KRAFT FOODS INC
MOS - Mosaic Co
CDNS - CADENCE DESIGN SYS INC  8
JBLU - JetBlue Airways Corporation
SKS - SAKS INC
CY - Cypress Semiconductor
NVE - SIERRA PACIFIC RESOURCES
CIT - CIT GROUP INC
SWKS - SKYWORKS SOLUTNS
FOE - FERRO CORP
BEAV - BE Aerospace, Inc.
ACAS - American Cap Ltd
MAR - MARRIOTT INTL INC NEW
VMED - Virgin Media Inc
DRIV - Digital River, Inc.
KSU - Kansas City Southern
LBTYA - Liberty Global Inc
RVBD - Riverbed Technology
ARG - AIRGAS INC
CE - CELANESE CORPORATION
MHP - MCGRAW HILL COS INC
PLCM - Polycom, Inc.
TIF - TIFFANY AND CO
VIA.B - Viacom Inc Class B
AGU - AGRIUM INC
ADSK - Autodesk, Inc.
URI - UNITED RENTALS INC
VSH - Vishay Intertechnology
CMG - CHIPOTLE MEXICAN GR
CTL - Centurylink Inc
LLNW - Limelight Networks Inc
MOTR - Motricity Inc
GENZ - Genzyme General
DLTR - Dollar Tree Inc
DECK - Deckers Outdoor Corporation
AME - AMETEK INC NEW

Unusual volume in today's trading session

SGCP - Sierra Gold Corporation
POPT - Pop3 Media Corp.
NMCX - NMC, Inc.
MLXO - Michelex Corp.
CSRH - CONSORTEUM HOLDINGS
TUNE - Microtune Inc
LXK - Lexmark International
ARIA - ARIAD Pharmaceutical
SNWT - San West Inc
ZRAN - Zoran Corporation
TCLN - Techs Loanstar Inc
UIS - UNISYS CORP
APPY - ASPENBIO PHARM
PGCX - PanGenex Corporation
NENE - New Energy Technologies, Inc.
SUPG - SuperGen, Inc.
FTLK - Funtalk China Holdings
CPLA - Capella Education Co
DLCR - David Loren Corp.
PARD - NeoRx Corporation
EVSP - Glas-Aire Industries
CASB - Cascade Financial C

The Top Chemical stocks based on daily volume

DOW - DOW CHEMICAL CO
HUN - HUNTSMAN CORPORATION
SOA - Solutia Inc
EMN - EASTMAN CHEMICAL CO
CE - CELANESE CORPORATION
ECL - ECOLAB INC
CYT - CYTEC INDS INC
PX - PRAXAIR INC
PPG - P P G INDUSTRIES INC
ASH - ASHLAND INC
FOE - FERRO CORP
OLN - OLIN CORP
ALTI - Altair International
POL - PolyOne Corp
ALB - ALBEMARLE CORP
SIAL - Sigma-Aldrich Corporation
GRA - GRACE W R & CO NEW
ROC - ROCKWOOD HOLDINGS INC
ARG - AIRGAS INC
SHLM - A. Schulman, Inc.
OMN - OMNOVA SOLUTIONS INCQ
GGC - GEORGIA GULF CORP
WLK - WESTLAKE CHEMICAL CP

The Top Transportation stocks based on daily volume

LCC - US AIRWAYS GROUP INC
DRYS - DRYSHIPS INC
AMR - A M R CORP
DAL - Delta Airlines
JBLU - JetBlue Airways Corporation
LUV - SOUTHWEST AIRLINES CO
UPS - UPS
CSX - C S X CORP
AAI - AirTran Holdings, Inc
UNP - UNION PACIFIC CORP
FDX - FedEx Corporation
NSC - NORFOLK SOUTHERN CORP
GMR - GENERAL MARITIME CORP
CHRW - C.H. Robinson World
EGLE - Eagle Bulk Shipping
KSU - Kansas City Southern
KNX - Knight Transportation
EXPD - Expeditors International
CNI - CANADIAN NATL RAIL CO
TDW - TIDEWATER INC
JBHT - J.B. Hunt Transportion
TAM - TAM S.A.
FRO - FRONTLINE LTD
WERN - Werner Enterprises,

The following show stocks whose chart is displaying a cup and handle formation

BRCM - Broadcom Corporation
LUV - SOUTHWEST AIRLINES CO
SU - SUNCOR ENERGY INC
DHR - DANAHER CORP
TCK - Teck Recs B
TEVA - Teva Pharmaceutical
UPS - UPS
VECO - Veeco Instruments Inc.
AFL - AFLAC INC
ETFC - E*Trade Financial Inc
MBT - MOBIL TELESYSTEMS
QLGC - QLogic Corporation
MMC - Marsh and Mclennan
NE - NOBLE DRILLING CORP
CIT - CIT GROUP INC
PCL - PLUM CREEK TIMBER CO
FTI - FMC Technologies Inc.
HSP - HOSPIRA INC
EL - ESTEE LAUDER COMPANIES
KT - KOREA TELECOM CORP
DG - Dollar General Corp
ANSS - ANSYS, Inc.
TPX - TEMPUR-PEDIC INTL INC
CVE - Cenovus Energy Inc
PRXL - PAREXEL International
NPSP - NPS Pharmaceuticals
ONXX - ONYX Pharmaceutical
KFN - KKR Financial Hldg
HNT - Health Net Inc
TM - TOYOTA MOTOR CORP
GLDD - Great Lakes Dredge
OTEX - Open Text Corporation
AVA - AVISTA CORP
RTI - R T I INTERNATIONAL
CYMI - Cymer, Inc.
IDA - IDACORP INC
PRE - PARTNER RE 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 trading,
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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