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Wednesday, December 01, 2010 

Stock Picks for Thursday December 2, 2010

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Motorola, Inc. (NYSE:MOT) had a spectacular day after announcing Jan. 4 date for company to split in two. Motorola investors will get 1 share of Motorola Mobility Holdings Inc., for every 8 shares they now own, the company said yesterday. Immediately afterward, it will swap 7 old shares of Motorola for 1 new share in the remaining company, boosting the stock’s value by a proportional amount to lift its marketability. The stock hit a high of 8.20 and ended at 8.01 for an end of day of 4.5% !!!  The day’s high has clearly demonstrated that the potential for the stock is well above its current value. From a technical perspective, as long as the stock holds above the $7.70 support level the intermediate-term picture should remain positive. It seems that after today's trading, the short-term trend is bullish and a move to the 8.50-8.75 range appears likely.

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For almost a month, the technical indicator OBV has been higher, and higher highs but the price action has been going sideways, that is called a bullish divergence. Because this kind of a "bullish divergence" generally ends up pushing a stock into a sharp rally, potentially unlocking piles of money in the process. So a BIG rally is now a definite possibility. Looking at the technical chart above, Eastman Kodak Company (NYSE:EK) is forming a symmetrical triangle with support at 4.66. I am expecting a breakout at 4.85. Aside from the triangle, EK is also forming a rounding bottom. A good breakout volume would be 6M-8M shares traded. Keep your eye on Eastman Kodak Company.

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Citigroup Inc. (NYSE:C) broke through resistance and was able to sustain this move. The stock hit a high of $4.31, which is resistance for Thursday’s move.  If  the stock can break through resistance, we should see a strong follow through move. Watch the stock closely tomorrow.

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GigaMedia Limited (NASDAQ:GIGM) - The near-term trend is bearish and the stock faces a strong resistance at $1.50. A close above this range is a pre-requisite for the reversal of the bearish trend. The daily Oscillators and MACD are turning bullish and the price is now above the 5-MA, so the Bears have to be cautions because there is a high short interest in the stock. Keep an eye on GIGM for Thursday.

Other stocks to watch : 


New 52-week High stocks
WFT - Weatherford International
HL - HECLA MINING CO
TXN - TEXAS INSTRUMENTS INC
KR - KROGER CO
HAL - HALLIBURTON CO HLDG CO
ALTR - Altera Corporation
SLW - Silver Wheaton
SLB - SCHLUMBERGER LTD
NFLX - Netflix, Inc.
SBUX - Starbucks Corporation
CAT - Caterpillar Inc
BEZ - BALDOR ELECTRIC CO
KO - COCA COLA CO
TSO - Tesoro Corp
OVTI - OmniVision Technology
BRCM - Broadcom Corporation
UTX - UNITED TECHNOLOGIES
LYB - Lyondell Basell Ind
UPS - UPS 
TQNT - TriQuint Semiconductor
LTD - LIMITED INC
JCI - JOHNSON CONTROLS INC
PCS - MetroPcs Communication
HUN - HUNTSMAN CORPORATION
APKT - Acme Packet Inc
ESRX - Express Scripts, Inc.
WNC - WABASH NATIONAL CORP
ADI - ANALOG DEVICES INC
DECK - Deckers Outdoor Corporation
BTU - PEABODY ENERGY CORP
VSH - Vishay Intertechnology
PCAR - PACCAR Inc
CY - Cypress Semiconductor
MAR - MARRIOTT INTL INC NEW
CAM - Cameron Intl
ANF - ABERCROMBIE & FITCH CO
HON - HONEYWELL INTERNATIONAL
COH - Coach Inc
CTL - Centurylink Inc
FFIV - F5 Networks, Inc.
SWKS - SKYWORKS SOLUTNS
MFA - Mfa Financial
FCS - FAIRCHILD SEMICONDUCTOR
ADP - Automatic Data Process
TWC - Time Warner Cable Inc
WNR - WESTERN REFINING INC
RHT - Red Hat, Inc.
CVC - CABLEVISION SYSTEMS
HES - AMERADA HESS CORP
IO - Ion Geophysical
EAT - BRINKER INTL INC
ANN - ANNTAYLOR STORES CORP
ADSK - Autodesk, Inc.
ARM - ARVINMERITOR INC
UEC - Uranium Energy Corp
APA - APACHE CORP
BEXP - Brigham Exploration Co
CMI - CUMMINS ENGINE CO INC
NGD - DRC RESOURCES CP
DAN - Dana Corp
TV - GRUPO TELEVISA S A
RAX - Rackspace Hosting
FLR - FLUOR CORP
LLTC - Linear Technology C
TIF - TIFFANY AND CO
CROX - CROCS INC
GTI - GrafTech International
HYC - HYPERCOM CORP
CAH - CARDINAL HEALTH INC
COST - Costco Wholesale Co
SINA - sina.com
KLAC - KLA-Tencor Corporation
TIBX - TIBCO Software, Inc.
ENTG - Entegris, Inc.
AGCO - A G C O CORP
DKS - DICKS SPORTING
SUN - SUNOCO INC
NKE - NIKE INC CL B
FL - Foot Locker Inc
GR - BF GOODRICH CO
DRI - DARDEN RESTAURANTS INC
PAAS - Pan American Silver
PXD - PIONEER NATURAL RES CO
JOYG - Joy Global Inc
CPWR - Compuware Corporation
SIMG - Silicon Image, Inc.
ANAD - ANADIGICS, Inc.
WFMI - Whole Foods Market
OAS - Oasis Petroleum Inc
EXPD - Expeditors International
PUDA - Puda Coal Inc
FRG - Fronter Gold Inc
ROST - Ross Stores, Inc.
MJN - Mead Johnson Nutrition
TDC - Teradata Corp
CERN - Cerner Corporation
BWA - BorgWarner Inc
EL - ESTEE LAUDER COMPANIES
ATU - APPLIED POWER INC
WBC - Wabco Holdings Inc
SNPS - Synopsys, Inc.
ROVI - Macrovision Corporation
MW - Men's Wearhouse Inc
ETN - EATON CORP
PVH - PHILLIPS VAN HEUSEN
FTO - FRONTIER OIL CORP
CBE - Cooper Inds Plc
IMAX - Imax Corporation
TSLA - Tesla Motors Inc
CXO - Concho Resources Inc
TXRH - TEXAS ROADHOUSE INC
PH - PARKER HANNIFIN CORP
CPX - COMPLETE PRODUCTION
DOV - DOVER CORP
ILMN - Illumina, Inc.
FISV - Fiserv, Inc.
ANSS - ANSYS, Inc.
PPG - P P G INDUSTRIES INC
CAVM - Cavium Networks Inc
MGA - MAGNA INTL INC CL A
OPEN - Opentable Inc
BLL - BALL CORP
WEC - WISCONSIN ENERGY CORP
WTI - W&T OFFSHORE INC
TKR - TIMKEN CO
ZUMZ - ZUMIEZ INC
AME - AMETEK INC NEW
FO - FORTUNE BRANDS INC
AXU - ALEXCO RESOURCE
CVI - CVR Energy Inc
GET - GAYLORD ENTERTAINMENT
PLCM - Polycom, Inc.
LULU - lululemon athletical
VAR - Varian Medical System
LYB.B - LYONDELLBASELL CL B
OII - OCEANEERING INTL INC
ROSE - ROSETTA RESOURCES
QNST - QuinStreet Corp
SGY - STONE ENERGY CORP
FMC - F M C CORP
BCE - B C E INC

Unusual volume in today's trading session

ABWTQ - AbitibiBowater Inc.
RELM - RELM HOLDINGS INC
SPRL - Strat Petroleum Ltd
BLOAQ - Blockbuster Inc
NPDT - Newport Digital Technologies, Inc.
DPBE - DEEP BLUE MARINE INC
HCN - Health Care REIT Inc
EPD - ENTERPRISE PRODUCTS
ATIG - ATLANTIS INTERNET GR
EURX - Eurand NV
APWR - A-Power Energy Gene
SEAOF - Seaco Ltd
URG - Ur Energy Inc
UTRM - UNITED TREATMENT CEN
CBBD - China Broadband Inc
XODG - Xodtec Led Inc
ICGN - ICAGEN INC
NPNYY - NIPPON YUSEN SP ADR
TICC - TICC Capital Corp
GPGD - GRAND PACARAIMA GOLD
LTON - LINKTONE LTD ADS
CBEH - China Intgrt Enr 
CMED - CHINA MEDICAL TECH
UPST - Upstream Wrldwde
MGAFF - MAPLE MINERALS CP
VRS - Verso Paper Corp
SCMR - Sycamore Networks
ISNPY - Intesa Sanpaolo SPA
GSPI - GREEN STAR PRODUCTS
TIVU - Tivus Inc
FEWP - Celestial Delights
FCGD - Gondwana Energy Ltd
BSIC - Earthstone Energy
STEI - Stewart Enterprises
MBLKF - MEGA BRANDS INC
NILSY - MMC Norilsk Nickel 


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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