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Friday, December 10, 2010 

3 Stocks Gaining Momentum

( click to enlarge )

Universal Travel Group (Public, NYSE:UTA) is developing an Inverted Head and Shoulders pattern, which many traders consider a bullish reversal pattern. We need to breakthrough the neckline before this pattern is complete. This could be a big clue as to where direction heads next. I would not be surprised to see the neckline to be broken soon. Looking at the technical daily chart of UTA, I believe that the stock is poised to continue moving upwards. Today's pullback has probably attracted some traders looking for an opportunity to jump into a stock that took a dip. There are several short, mid and long term technical indications suggesting that UTA could make a move to higher levels. Moreover shares of Universal Travel Group are on top of 20 and 50 day moving average and has the chance to bring 50-day moving average above 200-day moving average to bring the stock back to bull market. Next major resistance level is $6.93. So, if you like upward continuation bounce plays, take a close look at UTA.

 ( click to enlarge )

Force Protection, Inc. (NASDAQ:FRPT)  had a big move today. With this move, the stock closed above the short downtrend line on the daily chart. The technical chart above continue to show a bullish bias. The MACD line is pointing up. RSI is also increasing and +DI is above –DI. Resistance for the follow through move is $5.73. If the stock can break through this area, we should see a strong upside move. Watch FRPT closely on Monday.

 ( click to enlarge )

Energy Conversion Devices, Inc. (NASDAQ:ENER) surged in the final hour of trading on Friday and closed back over $5. The real fireworks should begin if the stock can close above $5.14. As long as the stock can remain above $4.27, I like the stock.

A quick look at the technical chart :

1) Back above the 50-day moving average.
2) RSI is above 50 level.
3) Money Flow-Index is climbing
4) The +DI crossed up through the -DI this week - Bullish.
5) 20-day moving average crossed the 50-day moving average to the upside.
6) 5-day moving average crossed the 20-day moving average to the upside.
6) MACD lines are going up.

I would not be surprised to see this range to be broken soon. However, the stock is still in a long-term downtrend, so it should be considered guilty until proven innocent.

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Other stocks to watch :

Unusual volume in today's trading session
 
NBVG - NutriPure Beverages, Inc.
THC - TENET HEALTHCARE CORP
EXPH - Expo Holdings, Inc.
BEHL - Biocentric Energy Holdings, Inc.
ZVTK - Zevotek, Inc.
ECMH - Encompass Holdings, Inc.
KING - King Resources, Inc.
SFIO - SMOKEFREE INNOTEC INC
GNTA - GENTA INC
GAP - GREAT ATLANTIC & PA
NSM - NATIONAL SEMICONDUCTOR
AIG - AMERICAN INTERNATIONAL
TDCP - 3D Icon Corporation
CYS - CYPRESS SHARPRIDGE
BEC - BECKMAN COULTER INC
BHWF - BlackHawk Fund
CVC - CABLEVISION SYSTEMS
NVLT - Novelos Therapeutics
ARG - AIRGAS INC
DPBE - Deep Blue Marine Inc
PWTC - Power Technology Inc
CYBL - Cyberlux Corp.
OLNK - OneLink Corporation
MSLP - MUSCLE PHARM CORP
VRAL - Viral Genetics Inc.
RAX - Rackspace Hosting Inc
NUBL - NuMobile, Inc.
PSRU - PURESPECTRUM, INC
DHX - Dice Holdings Inc
CPST - Capstone Turbine Co
LULU - lululemon athletical
EXPR - Express Inc
VTG - Vantage Drilling
XHUA - Xinhua China Ltd.
CYPB - Cypress Bioscience
CNXT - Conexant Systems, Inc.
MIPI - Molecular Insight P
CIRC - CIRTRAN CORP
HLS - HEALTHSOUTH Corp.
ZQK - Quiksilver Inc
LOCM - INTERCHANGE CP
EPCT - EPICEPT CORPORATION
LPNT - LifePoint Hospitals
BONA - Bona Film Adr
MGH - MINCO MINING AND MET
CALVF - Caledonia Mining Corp
OOAG - OMDA Oil and Gas Inc
CIS - Camelot Information
PLL - PALL CORP
PHUN - PETROHUNTER ENERGY
BRD - APOLLO GOLD CP
SPMI - SPEEDEMISSIONS INC
RRR - RSC Holdings Inc
 
List of stocks whose MA 13 crossed above the MA 50 ( Bullish Cross ) 
 
JPM - JP Morgan and Co Inc
ALTO - Alto Group Holdings
CIM - Chimera Investment
MS - Morgan Stanley
MET - METLIFE INC
BP - BP AMOCO ADS
PWER - Power-One, Inc.
KBE - SPDR KBW BNK
PBCT - People's Bank
LNC - LINCOLN NATIONAL CORP
FCEL - FuelCell Energy, Inc.
JNS - Janus Capital Group
HCBK - Hudson City Bancorp
EGO - ELDORADO GOLD CP
UNM - UNUM GROUP
WTSLA - Wet Seal, Inc. (The)
EQIX - Equinix, Inc.
OI - OWENS ILLINOIS INC
XRAY - DENTSPLY International
XPRT - LECG CP
SWIR - Sierra Wireless, Inc.

New 52-week High stocks
 
THC - TENET HEALTHCARE CORP
Q - QWEST COMM INTL INC
ORCL - Oracle Corporation
CMCSA - Comcast Corporation
ATML - Atmel Corporation
BEC - BECKMAN COULTER INC
VLO - VALERO ENERGY CORP
SLE - SARA LEE CORP
VRSN - VeriSign, Inc.
CVX - Chevron
XRX - XEROX CORP
CPWR - Compuware Corporation
RAX - Rackspace Hosting Inc
DHX - Dice Holdings Inc
DOW - DOW CHEMICAL CO
FFIV - F5 Networks, Inc.
MFA - Mfa Financial
CSE - CAPITALSOURCE INC
WIN - Windstream Corp
VMED - Virgin Media Inc
EMR - EMERSON ELECTRIC CO
COST - Costco Wholesale Co
CTL - Centurylink Inc
DFS - Discover Financial
NFX - NEWFIELD EXPLORATION
RDC - ROWAN COS INC
ADSK - Autodesk, Inc.
CMCSK - Comcast Corporation
IR - INGERSOLL RAND CO
ESRX - Express Scripts, 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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