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Thursday, December 02, 2010 

Stock Picks for Friday December 3, 2010

( click to enlarge )

Citigroup Inc. (NYSE:C) has proven its bullishness. The stock has been moving with large volume over the past three trading sessions breaking several resistance lines. This definitely is a very bullish sign for this stock. The technical chart shows the momentum indicators have turned up and the RSI is on the rise. For the short term the stock should still continue to go up. A close above $4.52 would have positive implications and could push the stock to the 4.90-5.07 range. 

( click to enlarge )

GigaMedia Limited (NASDAQ:GIGM) gained 4.83% for the day and formed a bullish continuation signal and also gave us a bullish MACD crossover which is a powerful bottom reversal signal and confirms my opinion that the stock is bottoming in preparation for a major bounce higher. Short-term traders can buy the stock with stop-loss at $1.41.

 ( click to enlarge )

Atmel Corporation (NASDAQ:ATML) broke out to a new high for the year. This is generally a hot buy from a technical perspective, however and at this point the stock is a bit  extended for additional positions. The RSI indicator at the top of the chart is showing an overbought reading. This doesn't mean that the price cannot go higher. The stock hit a high of $11.53 on the day, which is resistance for Friday‚Äôs continuation move. If the stock can break through this level, we should see another strong upside move.

Other stocks to watch : 

Earnings Announcements for Friday

Big Lots, Inc. - BIG
Blyth Inc. - BTH
Johnson Outdoors Inc. - JOUT
Quanex - NX
Royal Bank Of Canada - RY


The following list show stocks whose volume has been increasing over the last 3 days

BAC - BANK OF AMERICA CORP
F - FORD MOTOR COMPANY
CSCO - Cisco Systems, Inc.
MOT - MOTOROLA INC
INTC - Intel Corporation
PFE - PFIZER INC.
Q - QWEST COMM INTL INC
WFC - WELLS FARGO & CO
CMCSA - Comcast Corporation
WFT - Weatherford International
EMC - EMC CORP
WMT - Wal-Mart Stores Inc
HD - HOME DEPOT INC
TXN - TEXAS INSTRUMENTS INC
ONNN - ON Semiconductor Co.
GILD - Gilead Sciences, Inc.
DHI - Horton DR Inc
JNJ - JOHNSON & JOHNSON
GLW - CORNING INC
KR - KROGER CO
HST - HOST MARRIOTT CORP
HCN - Health Care REIT Inc
USB - US Bancorp
BSX - BOSTON SCIENTIFIC CORP
SNDK - SanDisk Corporation
SLB - SCHLUMBERGER LTD
PBR.A - PETROLEO BRASILEIRO
KEY - KEYCORP
AUY - YAMANA GOLD INC
ALTR - Altera Corporation
PHM - Pultegroup Inc
EPD - ENTERPRISE PRODUCTS
TTM - TATA MOTORS LTD ADS
PPL - PPL CORPORATION
COP - ConocoPhillips
CVX - Chevron
DTV - Directv A
FITB - Fifth Third Bancorp
CTL - Centurylink Inc
TWX - AMERICA ONLINE INC
BBD - BANCO BRADESCO SA ADS
SBUX - Starbucks Corporation
BBVA - BANCO BILBAO VIZCAYA
WMB - WILLIAMS COS INC
DOW - DOW CHEMICAL CO
LSI - LSI Corp
CAT - Caterpillar Inc
VLO - VALERO ENERGY CORP
PXP - Plains Exploration
MMR - MCMORAN EXPLORATION CO
TYC - TYCO INTL LTD
CNX - CONSOL Energy Inc
UTX - UNITED TECHNOLOGIES
MDT - MEDTRONIC INC
SOLR - GT Solar International
BK - Bank Ny Mellon
DUK - DUKE ENERGY CORP
EP - EL PASO CORP
MOS - Mosaic Co
BA - BOEING CO
IPG - INTERPUBLIC GRP OF COS
MPEL - Melco Crown Adr
AET - AETNA INC
PCS - MetroPcs Communication
NTAP - NetApp Inc
KSS - KOHLS CORP
MBI - M B I A INC
LINTA - LIBERTY MED INT A
LUV - SOUTHWEST AIRLINES CO
ADBE - Adobe Systems Incorporation
LLY - LILLY ELI & CO
GS - GOLDMAN SACHS GROUP
GCI - GANNETT CO INC
ESRX - Express Scripts, Inc.
DISH - Dish Network A
TXT - TEXTRON INC
MDR - MCDERMOTT INTL INC
PBCT - People's Bank
EMR - EMERSON ELECTRIC CO
EGO - ELDORADO GOLD CP
INTU - Intuit Inc.
GFI - GOLD FIELDS LTD
MAS - Masco Corporation
ARO - AEROPOSTALE INC
JCI - JOHNSON CONTROLS INC
WYNN - Wynn Resorts
HON - HONEYWELL INTERNATIONAL
ADI - ANALOG DEVICES INC
STT - STATE STREET CORP
HOLX - Hologic, Inc.
KIM - KIMCO REALTY CORP MD
EXC - EXELON CORPORATION
RDN - RADIAN GROUP INC
TQNT - TriQuint Semiconductor
CTRP - CTRIP.COM INTL LTD ADS
BUCY - Bucyrus Intl
HCBK - Hudson City Bancorp.
NSM - NATIONAL SEMICONDUCTOR
VSH - Vishay Intertechnology
PCAR - PACCAR Inc
APKT - Acme Packet Inc
WNC - WABASH NATIONAL CORP
MAR - MARRIOTT INTL INC NEW
GME - GAMESTOP CP
MTG - M G I C INVT CORP WIS
BTU - PEABODY ENERGY CORP
NAV - NAVISTAR INTL CORP
MFA - Mfa Financial
TWC - Time Warner Cable Inc
NBR - Nabors Industries Inc
ARMH - ARM Holdings, plc
ACAS - American Cap Ltd
FFIV - F5 Networks, Inc.
RHT - Red Hat, Inc.
ACN - Accenture Plc
ANN - ANNTAYLOR STORES CORP
MBT - MOBIL TELESYSTEMS
HBC - HSBC Holdings PLC
LLNW - Limelight Networks Inc
CLF - Cliffs Natural Resources
CPB - CAMPBELL SOUP CO
VMW - VMWARE INC CLASS A
ETFC - E*Trade Financial Inc
UNP - UNION PACIFIC CORP
TLB - TALBOTS INC
PAYX - Paychex, Inc.
APA - APACHE CORP
CVC - CABLEVISION SYSTEMS
LH - LABORATORY AMER HLD
GENZ - Genzyme General
BX - Blackstone Group LP
ADSK - Autodesk, Inc.
NSC - NORFOLK SOUTHERN CORP
FLR - FLUOR CORP
CPN - Calpine Corp
SAI - SAIC INC
BBBY - Bed Bath & Beyond Inc.
FNSR - Finisar Corporation
CSE - CAPITALSOURCE INC
NEE - Nextera Energy
EAT - BRINKER INTL INC
TICC - TICC Capital Corp
SVM - Silvercorp Metal
WHR - WHIRLPOOL CORP
SYK - STRYKER CORP
NVTL - Novatel Wireless Inc
AGU - AGRIUM INC
BMC - BMC Software Inc 4
CMI - CUMMINS ENGINE CO INC
AGN - ALLERGAN INCORPORATED
EOG - EOG Resourses
SAPE - Sapient Corporation
RRC - Range Resources Corp
RAX - Rackspace Hosting Inc
CROX - CROCS INC
DRI - DARDEN RESTAURANTS INC
CFN - Carefusion Cp
NXY - Nexen Inc
CMED - CHINA MEDICAL TECH
AGCO - A G C O CORP
HYC - HYPERCOM CORP
VTR - Ventas Inc
LIZ - LIZ CLAIBORNE INC
XXIA - Ixia
PCL - PLUM CREEK TIMBER CO
NR - NEWPARK RESOURCES INC
CMA - COMERICA INC
CBEH - China Intgrt Enr
PAY - Verifone Systems
ECL - ECOLAB INC
TIBX - TIBCO Software, Inc.
ZMH - ZIMMER HOLDINGS INC
AMB - AMB Property Corp
FLIR - FLIR Systems, Inc.
CPRT - Copart, Inc.
GXP - Great Plains Energy.
CLS - CELESTICA INC
CPWR - Compuware Corporation
EXPD - Expeditors International
ANAD - ANADIGICS, Inc.
GERN - Geron Corporation
KEG - Key Energy Services
PXD - PIONEER NATURAL RES CO
PX - PRAXAIR INC
SCMR - Sycamore Networks
QLGC - QLogic Corporation
SNPS - Synopsys, Inc.
CNK - Cinemark Holdings Inc
ROST - Ross Stores, Inc.
MCK - MCKESSON HBOC INC
SNIC - Sonic Solutions
JOYG - Joy Global Inc
DEI - Douglas Emmett Inc
INFN - Infinera Corp
PUDA - Puda Coal Inc
GNTX - Gentex Corporation 2
TTWO - Take-Two Interactive
HT - Hersha Hospitality
QEP - Qep Resources
RGC - Regal Entertainment
TDC - Teradata Corp
CAR - Avis Budget Group Inc
2y BLK - BLACKROCK INC
WRI - WEINGARTEN REALTY INVS
FMCN - Focus Media Hldg
VFC - V F CORP
WSM - WILLIAMS SONOMA INC
SNI - SCRIPPS NETWORKS INT
WTI - W&T OFFSHORE INC
BEBE - bebe stores, inc.
SQNM - Sequenom, Inc.

Unusual volume in today's trading session 

BEHL - BIOCENTRIC ENERGY HO
HTDS - HARD TO TREAT DISEAS
FDEI - Fidelis Energy Inc.
KR - KROGER CO
NBVG - Nutripure Beverages, Inc.
BLOAQ - Blockbuster Inc
SQNM - Sequenom, Inc.
UTRM - UNITED TREATMENT CEN
WBD - WIMM BILL DANN FOODS
PSS - Collective brands
CISG - CNinsure Inc
ATVE - ActiveCore Technologies, Inc.
WTSLA - Wet Seal, Inc. (The)
INSM - Insmed Inc
NWBI - Northwest Bancorp
RJI - AB Svensk Ekportkredit
SUGO - SUNGRO MINERALS
BLOBQ - Blockbuster B
FRMC - FormCap Corp.
SMNG - Gold Coast Mining Corp
RNN - Rexahn Pharmaceutical
VSI - Vitamin Shoppe
TIVU - Tivus Inc
GPTC - Golden Patriot, Corp.
CEU - China Education All
REDF - Rediff Com
OPXT - Opnext Inc
OXPS - OPTIONSXPRESS HLDGS
TSCDY - Tesco PLC (ADR)
PHIE - PROVIDENTIAL HLDGS INC
IDGG - INDIGO-ENERGY INC
EXPR - Express Inc
NASV - National Automation Services Inc.
HDUP - HeadsUp Entertainment
EHSI - Emerging Healthcare
ZUMZ - ZUMIEZ INC
IMSC - Implant Sciences Corp
WAVX - Wave Sys Corp A
GBVS - Global Beverage Solutions, Inc.
DUNR - Dune Energy Inc
XTLBY - XTL BIOPHARMACEUTICAL
SRGZ - Elan Development 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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