Stock Picks for the upcoming trading week
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Spectacular action from Marvell Technology Group Ltd. (NASDAQ:MRVL) shares, after the earnings report was released. The technical chart gives a clearer picture. Big bullish candle on very good volumes indicating buying. The last two weeks fall has formed a bullish flag and today's candle has given a breakout from this flag. This is very bullish and the stock is expected to resume the uptrend. A cross of $21 level is desired to get confirmation.
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Canadian Solar Inc. (NASDAQ:CSIQ) was a big winner on Friday as the stock ended up $1.02 on the day. The stock traded higher after Macquarie USA analyst Kelly Dougherty upgraded the stock with Ourperform rating and raised the price target from $20 to $22. I will be watching the stock on Monday for a continuation move through Friday’s highs of $14.64. Although this trend is encouraging, the near-term outlook stays cautious till the stock closes conclusively above its 200-day moving average on heavy volume. Bulls could remain invested with a stop loss at $13.05. Keep CSIQ on your radar for Monday.
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NetApp Inc. (NASDAQ:NTAP) is still in decent shape holding over the 50sma.
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Take a look at the Eastman Kodak Company (NYSE:EK) chart, it's showing a symmetrical triangle pattern with support at $4.66. I am expecting a breakout at 4.81 with the first target of $5.11 Hopefully, the support holds and we might be able to see the breakout.
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Crocs, Inc. (NASDAQ:CROX) broke resistance today, but on low volume. I feel there is a bigger move coming, which is why I will be watching the stock again on Monday.
Other stocks to watch :
Hemispherx BioPharma, Inc (AMEX:HEB) - The stock crossed its 50-day moving average of $.52 and closed at $.525 indicating a strong bullish signal.
OceanFreight Inc. (NASDAQ:OCNF) was mentioned here earlier and it looks like it is starting to turn.
THQ Inc. (NASDAQ:THQI) has resistance located at $4.84 but then nothing until $5.23. THIQ was one of the strongest small caps stocks on Thursday and I expect the momentum to continue.
I am still watching shares of A123 Systems, Inc. (NASDAQ:AONE). If I see the stock break above $9.10, I will buy for a trade.
Shares of Cell Therapeutics, Inc. continued to fall on Friday. Right now, I'd be avoiding Cell Therapeutics until it breaks above $.41.
New 52-week High stocks
CRM - SALESFORCE.COM INC
HAL - HALLIBURTON CO HLDG CO
BRCM - Broadcom Corporation
TXN - TEXAS INSTRUMENTS INC
KO - COCA COLA CO
FL - Foot Locker Inc
ANN - ANNTAYLOR STORES CORP
WLT - Walter Energy
ICO - INTERNATIONAL COAL
CAT - Caterpillar Inc
NKE - NIKE INC CL B
CAM - Cameron Intl
RVBD - Riverbed Technology
CY - Cypress Semiconductor
LNG - Cheniere Energy Inc
MXIM - Maxim Integrated Pr
HIBB - Hibbett Sports
FINL - Finish Line, Inc.
SOA - Solutia Inc
FCS - FAIRCHILD SEMICONDUCTOR
VMED - Virgin Media Inc
HANS - Hansen Natural Corp
WNR - WESTERN REFINING INC
DKS - DICKS SPORTING
APKT - Acme Packet Inc
LULU - lululemon athletical
CROX - CROCS INC
DECK - Deckers Outdoor Corporation
MENT - Mentor Graphics Corporation
NCT - Newcastle Investments
SFSF - SuccessFactors Inc
ILMN - Illumina, Inc.
STZ - Constellation Brand
EL - ESTEE LAUDER COMPANIES
CLR - Continental Resources
FISV - Fiserv, Inc.
OVTI - OmniVision
QCOR - Questcor Pharm
FTI - FMC Technologies Inc.
UA - UNDER ARMOUR INC
FO - FORTUNE BRANDS INC
JAZZ - Jazz Pharmaceutical
PXD - PIONEER NATURAL RES CO
WLL - WHITING PETROLEUM CP
GTLS - CHART INDUSTRIES
ODFL - Old Dominion Freigh
ALY - Allis Chalmers Energy
SHFL - Shuffle Master, Inc.
Unusual volume in today's trading session
SIVC - S3 Investment Company, Inc
DLM - DEL MONTE FOODS COM
MELA - Mela Sciences
CVI - CVR Energy
ZVTK - Zevotek, Inc.
KIRK - Kirklands Inc
BLUS - NEUROCHEM INC ORD
DPDW - True Health Inc
ZAAP - Zero Air Pollution
FONR - Fonar Corporation
KITD - ROO Group Inc
CPWM - Cost Plus, Inc.
RENS - Renaissance Bioener
DCMT - BankEngine Technolo
IBXG -IBX GROUP INC
ALRT - ALR Technologies Inc
SDVKY - Sandvik AB
CCCI - China Cable and Communication, Inc.
CRMT - America's Car-Mart
CIST - Causeway Entmt
CCCL - China Holdings Acqu
GNAU - General Automotive Co
MACD Bullish Cross
MMTE - Mammoth Energy Group, Inc.
MOT - MOTOROLA INC
SPLS - Staples, Inc.
KO - COCA COLA CO
SNV - SYNOVUS FINANCIAL CORP
ICO - INTERNATIONAL COAL
ANN - ANNTAYLOR STORES CORP
ANR - ALPHA NATURAL RESOURCES
WLT - Walter Energy
NOV - NATIONAL OILWELL INC
CAT - Caterpillar Inc
MMR - MCMORAN EXPLORATION CO
AKS - A K STEEL HOLDING CORP
HON - HONEYWELL INTERNATIONAL
WAMUQ - Washington Mutual
CAM - Cameron Intl
ESRX - Express Scripts, Inc.
FONR - Fonar Corporation
CY - Cypress Semiconductor
CSE - CAPITALSOURCE INC
VMW - VMWARE INC CLASS A
NGBF - H2Diesel Holdings Inc
CAH - CARDINAL HEALTH INC
HIBB - Hibbett Sports
OIH - OIL SERVICE HOLDERS
ETFC - E*Trade Financial Inc
KMB - KIMBERLY CLARK CORP
ETR - ENTERGY CORP HLDG CO
CPWM - Cost Plus, Inc.
GSK - GlaxoSmithKline PLC
CFN - Carefusion Cp
DPS - DR Pepper Snapple G.
AVP - AVON PRODUCTS INC
DECK - Deckers Outdoor Corporation
FSII - FSI International
PXP - Plains Exploration
N - Netsuite Inc
NPWZ - NEAH POWER SYSTEMS
SFD - SMITHFIELD FOODS IN
WCC - WESCO INTERNATIONAL
AYE - ALLEGHENY ENERGY INC
AGCO - A G C O CORP
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
Labels: CROX, CSIQ, EK, MRVL, NTAP
