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Wednesday, December 29, 2010 

Hot Basic Materials stocks

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Uranerz Energy Corp. (AMEX:URZ) was up over 18% with very unusual volume after announced that it has completed its "at-the-market" financing and has raised US$20 million in gross proceeds through Haywood Securities Inc. The company now has approximately $36 million in its treasury, and there are 70,781,433 shares issued and outstanding. As a result for today's trading session, its volume traded daily went to a 2-month high. Looking at the technical daily chart above, it seems the stock broke the strong resistance area at $3.54 and has moved decisively to the upside. That is a powerful sign that high prices are likely to continue. Long positions may be considered on price weakness, with a stop-loss at $3.04. The next resistance it could encounter is at $4.09. Once that level is breached, the next resistance could be the 52-week high at $4.13. In addition, the On Balance Volume is increasing, this clearly shows that smart money is moving into the stock again.

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General Moly, Inc. (AMEX:GMO) has made a new 52-week high of $7.18, after gaining 10% in today‚Äôs trading. The 52-week range for GMO is $2.05-$7.18. Looking at the technical chart, the short-term outlook for the stock is bullish with both 20, 50 and 200 daily moving averages going up. The MACD is positive and above the signal line, however the stochastic is now overbought at a level of 82. The next short term consolidation could provide a low risk entry point. Stay tuned !!!

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Uranium Resources, Inc. (NASDAQ:URRE) was a big winner today, as the stock closed up $0.27 on good volume. I feel that there will be a continuation move tomorrow, but I want to see it break through $3.48 and keep on going up. There are several short term technical indications suggesting that URRE could make a move to higher levels. Keep a close eye on URRE for Thursday.


Other stocks to watch :

Qiao Xing Universal Resources, Inc. (XING) - Qiao Xing Universal Resources was on fire today. The next resistance is located at $2.87.

Rambus Inc. (NASDAQ:RMBS) - Shares of Rambus are back above $20 per share. RMBS could be headed into the $25's in 2011.

A123 Systems, Inc. (NASDAQ:AONE) - Shares of A123 System continue to be very volatile and a stock worth watching. I plan to buy AONE the next time it breaks up through $10.

Sirius XM Radio Inc. (NASDAQ:SIRI) - Shares of Sirius hit a new 52 week high on heavy volume today. Resistance is located at $1.75 and then $2.

Affymax, Inc. (NASDAQ:AFFY)  - Shares of Affymax continue to be very volatile. I continue to like pullbacks under $6.40 as a trade.

Intel Corporation (NASDAQ:INTC) - Shares of Intel are starting to heat up again and are worth watching. As I have been saying in my last posts, I think this stock can trade around $21.50-$22 during the next two weeks. The stock broke its resistance and is again above its 50-day moving average.

The following list show stocks that have outperformed the SP 500 over the last 3 months

C - CITIGROUP INC
SIRI - Sirius XM Radio
GE - GENERAL ELECTRIC CO
F - FORD MOTOR COMPANY
XOMA - XOMA Ltd.
Q - QWEST COMM INTL INC
HL - HECLA MINING CO
MCP - Molycorp Inc
MGM - Mgm Resorts Int
WFC - WELLS FARGO & CO
LVS - LAS VEGAS SANDS CP
XOM - EXXON MOBIL CORP
SNSS - Sunesis Pharmaceutical
AIG - AMERICAN INTERNATIONAL
DRYS - DRYSHIPS INC
AA - ALCOA INC
VZ - Verizon Comm
BPOP - Popular, Inc.
CMCSA - Comcast Corporation
MOT - MOTOROLA INC
ORCL - Oracle Corporation
MNKD - MANNKIND CP
GLW - CORNING INC
YHOO - Yahoo! Inc
FITB - Fifth Third Bancorp
STX - Seagate Tech
EBAY - eBay Inc.
XRX - XEROX CORP 1
QCOM - QUALCOMM Incorporated
LOW - LOWES COMPANIES INC
BLOAQ - Blockbuster Inc
WAG - WALGREEN CO
SLW - Silver Wheaton
CHK - CHESAPEAKE ENERGY CORP
AMAT - Applied Materials
EMC - EMC CORP
AUY - YAMANA GOLD INC
SCHW - Charles Schwab Corp
AAPL - Apple Inc
ASTM - Aastrom Biosciences
MRVL - Marvell Technology
AMD - ADVANCED MICRO DVCS
CBS - CBS Cl B
RPC - AMDL Inc
BSX - BOSTON SCIENTIFIC CORP
JASO - JA Solar Holdings
HAL - HALLIBURTON CO HLDG CO
GMO - General Moly Inc
EK - EASTMAN KODAK CO
BIDU - Baidu Inc
CVX - Chevron
ATML - Atmel Corporation
WFT - Weatherford International
USB - US Bancorp
ONNN - ON Semiconductor Co.
KO - COCA COLA CO
SD - Sandridge Energy Inc
NVDA - NVIDIA Corporation
COP - ConocoPhillips
GPS - GAP INC
VLNC - Valence Technology
PCFG - Pacific Gold Corp.
IPG - INTERPUBLIC GRP OF COS
DOW - DOW CHEMICAL CO
ABX - BARRICK GOLD CORP
MET - METLIFE INC
LYSCF - LYNAS Corporation Ltd
HD - HOME DEPOT INC
TSLA - Tesla Motors Inc
TC - BLUE PEARL MINING LT
KG - KING PHARMACEUTICAL
NFLX - Netflix, Inc.
VLO - VALERO ENERGY CORP NEW
ODP - OFFICE DEPOT INC
NG - NOVAGOLD RESOURCES INC
SPLS - Staples, Inc.
RFMD - RF Micro Devices, Inc.
CVS - CVS Caremark Corp
SNDK - SanDisk Corporation
SYMC - Symantec Corporation
LINTA - LIBERTY MED INT A
BP - BP AMOCO ADS
TXN - TEXAS INSTRUMENTS INC
HST - HOST MARRIOTT CORP
AKS - A K STEEL HOLDING CORP
KGC - KINROSS GOLD CORP
SBUX - Starbucks Corporation
FCEL - FuelCell Energy, Inc.
SWC - Stillwater Mining Co
A - Agilent Technologies
CAT - Caterpillar Inc
ALTR - Altera Corporation
SKS - SAKS INC
WIN - Windstream Corp
EP - EL PASO CORP
STEM - StemCells, Inc.
CHGS - Point Acquisition Corp
CTL - Centurylink Inc
CSE - CAPITALSOURCE INC
AGEN - Antigenics Inc.
MAS - Masco Corporation
SLB - SCHLUMBERGER LTD
APPY - ASPENBIO PHARM
MON - Monsanto Co
XING - Qiao Xing Uni Re
FLEX - Flextronics International
ZION - Zions Bancorporation
LDK - LDK Solar Co Ltd
KOG - KODIAK OIL & GAS CP
CX - CEMEX S.A.
CIEN - CIENA Corporation
NBR - Nabors Industries Inc
SWKS - SKYWORKS SOLUTNS
RIG - Transocean Ltd
LEN - LENNAR CORP
TER - TERADYNE INC
XL - Xl Group Plc
LNC - LINCOLN NATIONAL CORP
MYL - Mylan Inc
AEZS - Aeterna Zentaris Inc
PCX - Patriot Coal Corp
URRE - URANIUM RESOURCES INC
MOS - Mosaic Co
BX - Blackstone Group LP
BK - Bank Ny Mellon
SU - SUNCOR ENERGY INC
IR - INGERSOLL RAND CO
SLE - SARA LEE CORP
ACAS - American Cap Ltd
FNSR - Finisar Corporation
BRCM - Broadcom Corporation
TTM - TATA MOTORS LTD ADS
JBL - JABIL CIRCUIT INC
MT - Arcelormittal
ZLC - Zale Corp
SNTS - SANTARUS INC
GBG - Great Basin Gold Ltd
CHS - Chicos FAS Inc
IP - INTERNATIONAL PAPER CO
NKE - NIKE INC CL B
EXK - ENDEAVOUR SILVER
MCO - Moody's Corp
LTD - LIMITED INC
GCI - GANNETT CO INC
CXZ - Cross Exp Mining
GME - GAMESTOP CP
CROX - CROCS INC
AMZN - Amazon.com, Inc.
COST - Costco Wholesale Co.
STT - STATE STREET CORP
WTNY - Whitney Holding Corporation
LSI - LSI Corp
BTU - PEABODY ENERGY CORP
BZH - BEAZER HOMES U S A INC
IVN - IVANHOE MINES LTD ORD
ADI - ANALOG DEVICES INC
ROVI - Macrovision Corporation
AXTI - AXT Inc
JCI - JOHNSON CONTROLS INC
MTL - MECHEL OAO
STVI - eTwine Holdings Inc
SVM - Silvercorp Metal
WMB - WILLIAMS COS INC
NOV - NATIONAL OILWELL INC
JNPR - Juniper Networks
TQNT - TriQuint Semiconductor
RBY - RUBICON MINERALS CP
TCK - Teck Recs B
CNX - CONSOL Energy Inc
LULU - lululemon athletical
COH - Coach Inc
JCG - J CREW GROUP INC
KBR - KBR Inc
FL - Foot Locker Inc
DEPO - Depomed, Inc
TXT - TEXTRON INC
PMI - P M I GROUP INC
DE - DEERE & CO
OMC - OMNICOM GROUP INC
SNIC - Sonic Solutions
JDSU - JDS Uniphase Corporation
MAT - Mattel Co
JCP - PENNEY J C CO INC
DVN - Devon Energy Cp
UEC - Uranium Energy Corp
ACI - ARCH COAL INC
CAH - CARDINAL HEALTH INC
CLF - Cliffs Natural Resources
HES - AMERADA HESS CORP
RDN - RADIAN GROUP INC
CMA - COMERICA INC
TSO - Tesoro Corp
CIGX - Star Scientific, Inc.
AVNR - Avanir Pharm
GFI - GOLD FIELDS LTD
AAI - AirTran Holdings, Inc
JOYG - Joy Global Inc
AEM - AGNICO EAGLE MINES LTD
CCL - CARNIVAL CORP
YUM - TRICON GLOBAL REST INC
CFN - Carefusion Cp
GLUU - Glu Mobile Inc
MPEL - Melco Crown Adr
NYT - New York Times Co
NTAP - NetApp Inc
NGD - DRC RESOURCES CP
CA - CA Inc
CMCSK - Comcast Corporation
BHI - BAKER HUGHES INC
DNN - Denison Mines

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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