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Monday, November 01, 2010 

Stock Picks for Tuesday, November 2

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Royale Energy, Inc. (NASDAQ:ROYL) traded nicely today and closed up 5.44% on volume above the daily average. The combination of increasing price on increasing volume is generally speaking a bullish tone. In my opinion, there are solid and consistent buyers here.  The stock has broken every resistance point so far during the past trading sessions and I don't expect that to change as I believe it could break $2.20 and move towards higher levels. Trends are emerging on the MACD, and the On Balance Volume is moving higher. In any case, outlook will remain bullish as long as $2.07 resistance turned support holds.

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Rambus Inc. (NASDAQ:RMBS) - No change in RMBS's outlook. The short-term outlook for the stock remains neutral as consolidations from $21.19 continues and some more sideway trading might be seen. But still, with $19.35 support intact, rebound from $17.76 is expected to continue. Above $21.19 will target $22.76 resistance and above. Looking at the chart the technical indicators are showing positive divergences. The MACD is negative but has risen to touch the signal line. The RSI and MFI are both improving and have made higher tops. Keep watching RMBS.

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Micron Technology, Inc. (NASDAQ:MU) - The stock reversed direction at $8.30. This level is proving to be a strong resistance zone. A new trend would not be in place unless the stock closes above this level. Shareholders may remain invested with a stop-loss at $7.67.

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Las Vegas Sands Corp. (NYSE:LVS) recorded a new high in the last trading session. Short-term outlook for the stock is bullish. Today’s high of $47.48 is resistance for Tuesday’s move. On a  technical note, the stock is in a strong Bull Market with share price above 20, 50 and 200 daily moving averages. Watch LVS again on Tuesday.

Other stocks to watch :

New 52-week High stocks 

LVS - LAS VEGAS SANDS CP
MO - ALTRIA GROUP
Q - QWEST COMM INTL INC
EBAY - eBay Inc.
MPEL - Melco Crown Adr
TXN - TEXAS INSTRUMENTS INC
XRX - XEROX CORP
SLW - Silver Wheaton
ATML - Atmel Corporation
KO - COCA COLA CO
NG - NOVAGOLD RESOURCES INC
DUK - DUKE ENERGY CORP
JKS - JINKOSOLAR HOLDINGS
NGD - DRC RESOURCES CP
ALTR - Altera Corporation
FTNT - Fortinet Inc
EMR - EMERSON ELECTRIC CO
IBM - INTERNATIONAL BUSINESS
NOV - NATIONAL OILWELL INC
SBUX - Starbucks Corporation
GMO - General Moly Inc
TRV - The Travelers Co
EP - EL PASO CORP
BEXP - Brigham Exploration Co
LBTYA - Liberty Global Inc
DFS - Discover Financial
DTV - Directv A
EIX - EDISON INTERNATIONAL
CSTR - Coinstar, Inc.
NTAP - NetApp Inc
CSE - CAPITALSOURCE INC
BTU - PEABODY ENERGY CORP
VSH - Vishay Intertechnology
UNP - UNION PACIFIC CORP
CTL - Centurylink Inc
MFA - Mfa Financial
IMAX - Imax Corporation
TIBX - TIBCO Software, Inc.
SWKS - SKYWORKS SOLUTNS
CSX - C S X CORP
HUM - HUMANA INC
AGN - ALLERGAN INCORPORATED
SVM - Silvercorp Metal
IBN - Icici Bank Ltd
WYNN - Wynn Resorts LTD
VMED - Virgin Media Inc
PCAR - PACCAR Inc
TV - GRUPO TELEVISA S A
PWE - PENN WEST ENERGY TRU
YUM - TRICON GLOBAL REST INC
INTU - Intuit Inc.
DHR - DANAHER CORP
ROVI - Macrovision Corporation
CTRP - CTRIP.COM INTL LTD ADS
NVLS - Novellus Systems, Inc.
TIF - TIFFANY AND CO
CNP - CenterPoint Energy Inc
LINE - LINN ENERGY LLC UTS
NVE - SIERRA PACIFIC RESOURCES
BHP - BHP Billiton Ltd
NBL - NOBLE AFFILIATES INC
OMC - OMNICOM GROUP INC
KMX - CarMax Inc
NFX - NEWFIELD EXPLORATION
ED - CONSOLIDATED EDISON
NU - NORTHEAST UTILITIES
ARCC - ARES CAPITAL CP
CAVM - Cavium Networks Inc
RHT - Red Hat, Inc.
URI - UNITED RENTALS INC
EPD - ENTERPRISE PRODUCTS
FMCN - Focus Media Hldg
AIV - Apartment Investments
POL - PolyOne Corp
CHKP - Check Point Software
FDO - FAMILY DOLLAR STORES
KBR - KBR Inc
TDC - Teradata Corp
ROST - Ross Stores, Inc.
BBL - BHP BILLITON PLC ADR
SNI - SCRIPPS NETWORKS INT
QCOR - Questcor Pharm
AGU - AGRIUM INC
AME - AMETEK INC NEW
CYD - CHINA YUCHAI INTL LTD
PETM - PETsMART, Inc.
LWSN - Lawson Software, Inc.
WRI - WEINGARTEN REALTY INVS
ETN - EATON CORP
ATSG - ABX Holdings Inc
CCK - CROWN CORK & SEAL I
BWA - BorgWarner Inc
CZZ - Cosan Limited Cl A
AMJ - JP Morgan Alerian M
RAI - RJ Reynolds Tobacco
RJA - AB Svensk Ekportkredit
SFSF - SuccessFactors Inc
PAY - Verifone Systems
HCN - Health Care REIT Inc
MEOH - Methanex Corporation
HSP - HOSPIRA INC
HNR - Harvest Natural Resources
GSM - GLOBE SPECIALTY MET
FOSL - Fossil, Inc.

Unusual volume in today's trading session

SMMT - Stratcomm Media Ltd.
IPWG - International Power Group Ltd.
AVNR - Avanir Pharm
XCO - EXCO RESOURCES INC
WL - WILMINGTON TRUST CORP
GRDO - Guard Dog, Inc.
BIOD - Biodel Inc
FTNT - Fortinet Inc
GCOG - Gulf Coast Oil & Gas Inc
JKS - JINKOSOLAR HOLDINGS
TKGBY - TURKIYE GARANTI BANK
EEGI - Eline Entertainment Group, Inc
ANPI - Angiotech Pharmaceutical
ASTM - Aastrom Biosciences
SENZ - SPORT ENDURANCE
SUR - C N A SURETY CORP
CPYE - Conspiracy Ent
AEGG - American Energy Gro
NEOP - Neoprobe Corp
FRZ - REDDY ICE HOLDINGS INC
NTE - Nam Tai Electronics
CYOS - CYOP Systems International Inc
FLMG - Fleet Management So
~IBXG - IBX Group Inc.
VTRO - Findwhat.com
FLIP - FTS Group Inc.
LODE - Comstock Mining Inc
MSLP - MUSCLE PHARM CORP
STZU - Sun Tzu, Corp.
BFCF - BFC Financial Corp
CEOHF - CNOOC Ltd.
PPDA - Pipeline Data Inc
GRGR - Green Energy Resources, Inc.
UMNG - UMINING Resources Inc.
KSP - K-SEA TRANSPORATION
EONC - eOn Communications
MCVE - MacroSolve Inc
UDHI - Union Dental Holdings Inc.
AKF - AMBAC Financial Group
AZGFF - Azteca Gold Corp
CBBD - China Broadband Inc
MLKNA - WESTERN MEDIA GROUP
LDIS - LEADIS TECHNOLOGY INC
CEDU - ChinaEdu Corp  7
ORCT - Orckit Communication
CRMXE - Cream Minerals Ltd
PUCCF - Centram Exploration

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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