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The surge in Sensata Technologies Holding N.V. (NYSE:ST) continues. The stock is up several days in a row so don't be surprised if ST takes a break and corrects back toward $25 before moving higher again. I'd prefer to open new positions on a dip. Technically, the stock is extremely overbought, so we cannot rule out a pull back but at the same time it can remain overbought until it wants to come down. But overall I would bet on price advancing higher.
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After nearly a week of consolidating sideways shares of Juniper Networks, Inc. (NYSE:JNPR) broke out higher past resistance Friday and closed at a new high for the year. This is a short-term bullish development. The high on Friday was $36. I will be a buyer on any real weakness and will use Friday’s high of $36 as resistance, but there is a good chance we will gap above this level. Watch JNPR closely and there could be an opportunity on Monday.
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Cisco Systems, Inc. (NASDAQ:CSCO) has a strong support at $20, very close to its closing price of $20.15. So with a stop loss around $20, trading in CSCO would definitely be the best trading strategy in the current market situation. Technically, a drop under $5.40 would be very bearish and reinforce the downtrend.
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One penny stock to keep on your radar screen on Monday : GOSY
GeckoSystems is a penny stock to watch tomorrow. The stock will catch the attention of market players after the recent press coverage reaffirming Bill Gates', Microsoft's chairman, vision of robots in healthcare. GeckoSystems is a dynamic leader in the emerging mobile robotics industry revolutionizing its development and usage with "Mobile Robot Solutions for Safety, Security and Service(tm). I think in the long term will be a money maker. From a technical standpoint, the stock's chart is flashing the classic signs of an oversold bounce that could give traders a chance to score solid gains. The stochastics just moved above the critical 20 line after spending a long while down there. Plus, if you look closely you will observe positive divergence on MACD histogram to price. MACD has historically been a reliable trigger for GOSY, the last time MACD crossed over, shares jumped 80% in just one week. The Stochastics and MACD indicate this company could bounce big. The risk to reward for stock in short term is in favor of going long. CMF is also showing money flowing in to stock so a pop could come any day now. Resistance is now located at $0.011 but if the stock can push up into the $0.013's, I feel it could retest $0.02 or above. This is a penny stock, so moves either way could be severe and the usual caution is advised.
Other stocks to watch :
Cell Therapeutics, Inc. (NASDAQ:CTIC) continues to pop and then drop. I like pullbacks under $.38 to buy as a swing trade.
Unusual volume in Friday's trading session
BEHL - Biocentric Energy Holdings, Inc.
SMMT - Stratcomm Media Ltd.
PTSH - PTS Inc.
PRU - PRUDENTIAL FINANCIAL
PLFM - Platforms Wireless International Corp.
WEN - Wendy's/Arby's Group, Inc.
INIX - IFinix Corporation
HGSI - Human Genome Sciences
VYGO - Voyager Petroleum, Inc.
ST - Sensata Technologies
MDRX - Allscript Health
RJET - REPUBLIC AIRWAYS HL
NSFE - Nationwide Safe T Propane, Inc.
HELI - Heli Electronics Corp
SPWRA - SUNPOWER CORPORATION
MRGP - Nu-Mex Uranium Corp
STRI - STR Holdings
VLCO - ValCom Inc
WDRP - Wanderport Corporation
BGNN - B Green Innovations, Inc.
DDS - DILLARDS INC CL A
SFY - SWIFT ENERGY CO
ARGC - Artepharm Global Corp
MPG - Mpg Office Trust
TSLA - Tesla Motors Inc
NSEH - Jaguar Investments Inc
INTK - Industrial Nanotech, Inc.
ACOM - Ancestry.com Inc
CLSP - CALLISTO PHARMACEUTICAL
APP - American Apparel, Inc.
STTN - Smart-Tek Solutions Inc.
DMAT - Dematco Inc
HLYS - Heelys
EDAP - EDAP TMS S.A.
UNTK - UNITEK GLOBAL SERVICE
ASFZ - ASSOC FIRST CAP CORP
IVFH - Innovative Food Hol
BLGW - Bloggerwave Inc
HRZ - HORIZON LINES INC
AWF - Alliancebernst Global
MACD Crossed Above 0-Line
CIEN - CIENA Corporation
HRB - BLOCK H & R INC
NRTI - Millennium Biotechn
ARGC - Artepharm Global Corp
OOAG - OMDA Oil and Gas Inc
HLS - HEALTHSOUTH Corp.
FRO - FRONTLINE LTD
DNRR - Denarii Resources Inc
GMTC - GameTech Internatio
NWK - Network Equipment Tech
SMBL - Smart Balance, Inc.
EEGC - Empire Energy Corp
AVOE - Avro Energy Inc
NEON - SBE, Inc.
AHS - AMN HEALTHCARE SERVICES
GNOM - Complete Genomics
OPMG - Options Media Group
OOIL - OriginOil Inc
IPHI - Inphi Corp
VODOF - VODone Ltd
UNIS - Unilife Corp
SCR - Simcere Pharmaceutical
MACD Crossed below 0
CSCO - Cisco Systems, Inc
TAON - Tao Minerals
TSL - Trina Solar Ltd
SYY - SYSCO CORP
SOL - Renesola Ltd
UBS - UBS AG
AGO - ASSURED GUARANTY LTD
NYX - NYSE EURONEXT INC
TIVO - TiVo Inc.
RAS - RAIT Financial Tr
HCN - Health Care REIT Inc
SAI - SAIC INC
CHL - China Mobile ltd
OEH - ORIENT-EXPRESS HOTEL
SLG - SL Green Realty Corp
TAN - Claymore MAC Global
PIM - PUTNAM MASTER INTERNACIONAL
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.
I wish all of you the very Best for the week ahead
AC
Labels: CSCO, JNPR, ST