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Tuesday, November 23, 2010 

Trade Ideas for Wednesday , November 24

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I continue to believe that a strong close above $19.51 is needed to pave the way for a rally towards the stock's previous peak at $20.54. The formation since July is however a bullish pattern with rising peaks that implies a positive undercurrent.  Brinker International, Inc. (NYSE:EAT) could break above the resistance at $19.51 very soon. Traders with short-term perspective can buy the stock in declines with stop at $18. Long-term investors can hold the stock with deeper stop at $17.69.

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Level 3 Communications, Inc. (NASDAQ:LVLT) is in a short-term uptrend from the $.83 bottom. Technical indicators are neutral and the stock is trading between 50- and 200-day SMA currently at $.96 and $1.23, respectively.  The stock needs to take out resistance at the 1.23 area to continue higher.

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The rally paused today and THQ Inc. (NASDAQ:THQI) slipped 4%. The bulls are still facing a strong resistance at the 200sma but I suspect the stock is about to break out higher. Technically, RSI is in the highly overbought zone, indicating that a corrective decline is in the offing, however the averages in MACD are still above the zero line of the indicator, indicating the bullish trend to be intact. Only a cross-over below the "0" line again could indicate bearishness. The stock has strong support at $4.84.

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GigaMedia Limited (NASDAQ:GIGM) is extremely oversold and ready for a technical rise. It's hilarious how much this stock has fallen without really no reason. What makes the stock compelling is that it's selling below book value of $4.43 per share. I'll be watching this stock closely for an entry point.

Other stocks to watch : 

New 52-week High stocks 

NUAN - Nuance Communications
M - FEDERATED DEPARTMENT
BRCM - Broadcom Corporation
ALTR - Altera Corporation
NFLX - Netflix, Inc.
CRM - SALESFORCE.COM INC
TTM - TATA MOTORS LTD ADS
TQNT - TriQuint Semiconductor
ADI - ANALOG DEVICES INC
FL - Foot Locker Inc
MWW - Monster Worldwide Inc
DG - Dollar General Corp
REGN - Regeneron Pharmaceutical
CROX - CROCS INC
ANN - ANNTAYLOR STORES CORP
WNR - WESTERN REFINING INC
SIG - Signet Jewelers
LULU - lululemon athletical
ROSE - ROSETTA RESOURCES
BMRN - BioMarin Pharmaceutical
DDS - DILLARDS INC CL A
OPEN - Opentable Inc

Unusual volume in today's trading session

INIX - IFINIX CORP
IRE - IRELAND GOVERNOR
IMDS - Imaging Diagnostic Systems, Inc.
TXMC - The Tirex Corporation
PWRM - POWER 3 MEDICAL PRO
AVEW - ActionView International, Inc.
EEGI - Eline Entertainment Group, Inc.
SEAOF - Seaco Ltd
PGPM - PILGRIM PETROLEUM CP
BGNN - B Green Innovations, Inc.
ASTC - Astrotech Corp NOW
FRLIF - FARALLON MINING LTD
CISG - CNinsure Inc
BWS - BROWN SHOE CO INC
AFFY - Affymax Inc
CNTF - CHINA TECHFAITH WIRE
ECOS - XL Generation International
UTRM - UNITED TREATMENT CEN
GEYI - Global Energy Inc
PHHM - Palm Harbor Homes
HAUP - Hauppauge Digital
AUNFF - Aurcana Corp
NTRO - INGENIUM CAPITAL CP
CNOA - Industrial Electric
GRPR - Grid Petroleum Corp
TUWOY - Tullow Oil PLC
USAE - New Century Companies
CTC - IFM Investments Ltd
IDMCQ - INDYMAC BANCORP INC
WH - WSP Holdings Ltd
AMNZF - Golden Prospect PLC
VITFF - Victoria Gold Corp
MBRKQ - ADVANCIS PHARM

Earnings Announcements for Wednesday

American Woodmark Corporation - AMWD
AVANIR Pharmaceuticals - AVNR
CHINA CORD BLOOD CORP - CO
Deere & Company - DE
Frontline Ltd. - FRO
MGT Capital Investments, Inc. - MGT
Pharmasset, Inc. - VRUS
Pointer Telocation Ltd - PNTR
Tiffany & Co. - TIF


The following list show stocks whose MFI (30) has been increasing over the last two days

LVS - LAS VEGAS SANDS CP
HPQ - HEWLETT-PACKARD CO
HD - HOME DEPOT INC
DELL - Dell Inc
WFT - Weatherford International
VALE - Vale S A ADR
MOT - MOTOROLA INC
GLW - CORNING INC
BSX - BOSTON SCIENTIFIC CORP
HL - HECLA MINING CO
UNH - UNITEDHEALTH GROUP INC
MRK - Merck & Co
LOW - LOWES COMPANIES INC
MEE - Massey Energy Co
RIMM - Research in Motion
TWX - AMERICA ONLINE INC
WLP - Wellpoint Inc
NVDA - NVIDIA Corporation
MRVL - Marvell Technology
MCD - MCDONALDS CORP
SPLS - Staples, Inc.
NFLX - Netflix, Inc.
LNG - Cheniere Energy Inc
MYL - Mylan Inc
WMT - Wal-Mart Stores Inc
BRCM - Broadcom Corporation
CVS - CVS Caremark Corp
Q - QWEST COMM INTL INC
TER - TERADYNE INC
TSO - Tesoro Corp
TSN - TYSON FOODS INC CL A
SLB - SCHLUMBERGER LTD
AET - AETNA INC
SCHW - Charles Schwab Corp
RVBD - Riverbed Technology
LSI - LSI Corp
PCX - Patriot Coal Corp
RFMD - RF Micro Devices, Inc.
SBUX - Starbucks Corporation
CIEN - CIENA Corporation
PCS - MetroPcs Communication
TGT - TARGET CORP
AMZN - Amazon.com, Inc.
ICO - INTERNATIONAL COAL
CRM - SALESFORCE.COM INC
BBY - BEST BUY CO INC
WU - Western Union
NEM - NEWMONT MINING CORP
KR - KROGER CO
KGC - KINROSS GOLD CORP
KSS - KOHLS CORP
CI - C I G N A CORP
WAG - WALGREEN CO
GG - GOLDCORP INC
ANR - ALPHA NATURAL RESOURCES
HGSI - Human Genome Sciences
CX - CEMEX S.A.
PEP - PEPSICO INC
ACI - ARCH COAL INC
HUM - HUMANA INC
MBI - M B I A INC
CNX - CONSOL Energy Inc
CLWR - Clearwire Corp A
FLEX - Flextronics International
AMKR - Amkor Technology, Inc.
ARUN - Aruba Networks Inc
SWY - SAFEWAY INC
OXY - OCCIDENTAL PETROLEUM
FFIV - F5 Networks, Inc.
WDC - WESTERN DIGITAL CORP
SWKS - SKYWORKS SOLUTNS
KIM - KIMCO REALTY CORP MD
LCC - US AIRWAYS GROUP INC
TIF - TIFFANY AND CO
NGD - DRC RESOURCES CP
URBN - Urban Outfitters, Inc.
TLB - TALBOTS INC
COH - Coach Inc
BTU - PEABODY ENERGY CORP
FLR - FLUOR CORP
FL - Foot Locker Inc
WLT - Walter Energy
CY - Cypress Semiconductor
THQI - THQ Inc.
EGO - ELDORADO GOLD CP
CTXS - Citrix Systems, Inc.
SVM - Silvercorp Metal
FCS - FAIRCHILD SEMICONDUCTOR
AUO - AU OPTRONICS CORP
COST - Costco Wholesale Co.
ANN - ANNTAYLOR STORES CORP
HYC - HYPERCOM CORP
EL - ESTEE LAUDER COMPANIES
FTO - FRONTIER OIL CORP
ESRX - Express Scripts, Inc.
AFFY - Affymax Inc
ILMN - Illumina, Inc.
ACN - Accenture Plc
SMT - Smart Technologies Inc
CPWR - Compuware Corporation
ITW - ILLINOIS TOOL WORKS
EMR - EMERSON ELECTRIC CO
VRSN - VeriSign, Inc.
MIPS - MIPS Technologies
DOV - DOVER CORP
WNR - WESTERN REFINING INC
VAL - VALSPAR CORP
RRC - Range Resources Corp
SFI - ISTAR FINANCIAL INC
CDE - COEUR D ALENE MINES.
AONE - A123 Systems Inc
JOYG - Joy Global Inc
ADP - Automatic Data Process
SH - SHRT S&P500 PROSHRS
AGNC - American Capital Ag.
PAYX - Paychex, Inc.
LYV - Live Nation Entn
WNC - WABASH NATIONAL CORP
BNE - BOWNE AND COMPANY INC
VSH - Vishay Intertechnology
SVR - SYNIVERSE HOLDINGS INC
CMC - COMMERCIAL METALS CO
SQNM - Sequenom, Inc.
RAX - Rackspace Hosting Inc
ARM - ARVINMERITOR INC
EV - EATON VANCE CORP
PETM - PETsMART, Inc.
DLTR - Dollar Tree Inc
ROSE - ROSETTA RESOURCES
KBR - KBR Inc
ORI - OLD REPUBLIC INTL CORP
BWA - BorgWarner Inc
OPEN - Opentable Inc
SEE - SEALED AIR CORP NEW
MWW - Monster Worldwide Inc
TSLA - Tesla Motors Inc
DKS - DICKS SPORTING
HCN - Health Care REIT Inc
VNO - VORNADO REALTY TRUST
AMP - AMERIPRISE FINANCIAL
AMB - AMB Property Corp
PAY - Verifone Systems
LPL - LG Display Co
AON - AON CORP
UPL - ULTRA PETROLEUM CP
TECD - Tech Data Corporation
AVT - AVNET INC
CPWM - Cost Plus, Inc.
UN - UNILEVER N V
SIMG - Silicon Image, Inc.
DECK - Deckers Outdoor Corporation
SRE - SEMPRA ENERGY
NMR - NOMURA HOLDINGS
SLXP - Salix Pharmaceutical
QEP - Qep Resources
USU - USEC INC
THOR - Thoratec Laboratories
AMLN - Amylin Pharmaceutical
COG - CABOT OIL & GAS CORP
XEL - XCEL ENERGY INC
VTR - Ventas Inc
DG - Dollar General Corp
OVTI - OmniVision Technologies
TUWOY - Tullow Oil PLC
PGN - Progress Energy Inc
ETN - EATON CORP
MAC - MACERICH CO
UEC - Uranium Energy Corp
LLNW - Limelight Networks Inc
UDR - UDR Inc
APKT - Acme Packet Inc
ORLY - O'Reilly Automotive
SYK - STRYKER CORP
OI - OWENS ILLINOIS INC
CHL - China Mobile ltd
QCOR - Questcor Pharm
NFX - NEWFIELD EXPLORATION
ENTG - Entegris, Inc.
CLR - Continental Resources
AINV - APOLLO INVT CORP
SFSF - SuccessFactors Inc
AIZ - ASSURANT INC
SONC - Sonic Corp.
CECO - Career Education Co.
ALY - Allis Chalmers Energy
UA - UNDER ARMOUR INC
AMCN - AirMedia Group Inc
GIL - GILDAN ACTIVEWEAR INC
JRCC - JAMES RIVER COAL CO
WERN - Werner Enterprises
SHLD - KMart Corp
ARRS - Arris Group Inc
FISV - Fiserv, Inc.
TWTC - Tw Telecom Inc A
ALXN - Alexion Pharmaceutical
KEG - Key Energy Services
NDN - 99 CENTS ONLY STORES
SHW - SHERWIN WILLIAMS CO
BWS - BROWN SHOE CO INC
ALR - Alere Inc
BMRN - BioMarin Pharmaceutical
AVGO - Avago Technologies
SHAW - SHAW GROUP INC
DTE - D T E ENERGY CO
SPN - SUPERIOR ENERGY SVC
ST - Sensata Technologies
STV - CHINA DIGITAL TV HO
HANS - Hansen Natural Corporation
AVY - AVERY DENNISON CORP
VMC - VULCAN MATERIALS CO
UL - Unilever PLC
GRS - GAMMON GOLD
MRH - Montpelier Re Holdings
AWK - American Water Work
HIBB - Hibbett Sports
AH - Accretive Health Inc
CXO - Concho Resources Inc

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.  

As always, good luck !

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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