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Tuesday, December 28, 2010 

Stock Picks for Wednesday December 29

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Sirius XM Radio Inc. (NASDAQ:SIRI) is looking bullish on charts. The stock is currently trading above its major moving averages and MACD is positive and above the signal line. Other technical indicators are also supporting the bulls. As long as the stock can remain above $1.42, I like the stock. Resistance remains at $1.69 and I would be a buyer on a break above that level.

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The stock has several bullish indicators that have being slowly confirmed.  AFFY is currently trading above its 50-day MA of $5.89 and is sitting on a good support ( 20-dma) waiting for the bulls to get the lead. RSI is above its 50% level and MACD shows the positive divergence. Money Flow Index is also moving up. The stock has a 52-week range of $4.90-$26.20. The technical chart is simply telling me that this is a nice healthy pullback after a big run. The trend should resume back up in the very near future. Worth putting on the watchlist. 

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Rambus Inc. (NASDAQ:RMBS) is slowly recovering. The $20.05-20.10 area is a critical resistance region that can determine overall bias for the stock in short-term. Bulls are now attacking the 50-day moving average, a break above could trigger a rally towards 20.64 resistance and determine overall bias. Keep an eye on these levels !

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I told you yesterday about A123 Systems, Inc. (NASDAQ:AONE)  and today the stock hit a high of $9.94 breaking the downtrend line from August of this year and closing above the 200 day moving average. The next key resistance levels are now located at $10.40 and $11.12.

Other stocks to watch :

New 52-week High stocks

REE - Rare Element Resources Ltd.
MCP - Molycorp Inc
AIG - AMERICAN INTERNATIONAL
AVL - Avalon Rare Metals Inc.
XOM - EXXON MOBIL CORP
AAPL - Apple Inc
GMO - General Moly Inc
ONNN - ON Semiconductor Co
CVX - Chevron
COP - ConocoPhillips
VLO - VALERO ENERGY CORP NEW
FNSR - Finisar Corporation
A - Agilent Technologies
CSE - CAPITALSOURCE INC
JBL - JABIL CIRCUIT INC
SWKS - SKYWORKS SOLUTNS
DEPO - Depomed, Inc
ARIA - ARIAD Pharmaceutical
SPPI - Spectrum Pharmaceutical
AXTI - AXT Inc
TCK - Teck Recs B
DVN - Devon Energy Cp
ALY - Allis Chalmers Energy
LYB - Lyondell Basell Ind
AON - AON CORP
VVTV - ValueVision International
SE - SPECTRA ENERGY CORP
RJA - AB Svensk Ekportkredit
FST - FOREST OIL CORP
TEX - TEREX CORP
RSO - RESOURCE CAPITAL CORP
AMP - AMERIPRISE FINANCIAL
SFI - ISTAR FINANCIAL INC
QRE - QR ENERGY LP
XIDE - EXIDE TECHNOLOGIES WI
PPG - P P G INDUSTRIES INC
CHKP - Check Point Software
VR - Validus Holdings Ltd
CATY - Cathay Gen Bancorp Inc
DRH - DIAMONDROCK HOSPITAL
SCS - STEELCASE INC
DLX - DELUXE CORP
SLXP - Salix Pharmaceutical
AGCO - A G C O CORP
RGNC - REGENCY ENERGY
CVE - Cenovus Energy Inc

Unusual volume in today's trading session

PWTC - Power Technology Inc.
REE - Rare Element Resources Ltd.
BGOI - BONANZA OIL & GAS
XOMA - XOMA Ltd.
NNBP - Nanobac Pharmaceuticals Inc.
NUBL - NuMobile, Inc.
MCP - Molycorp Inc
SNSS - Sunesis Pharmaceutical
MDMN - Medinah Minerals Inc.
ANPI - Angiotech Pharmaceutical
AVL - Avalon Rare Metals Inc.
BPAX - Biosante Pharmaceutical
CABN - Carbon Sciences Inc
NGAS - NGAS Resources
GMO - General Moly Inc
VLNC - Valence Technology
LYSCF - LYNAS Corporation Ltd
CXM - ARIES VENTURES INC
ADVR - Advanced Viral Research Corp.
CHGS - Point Acquisition Corp
APPY - ASPENBIO PHARM
UBRG - Universal Bioenergy Inc.
AGEN - Antigenics Inc.
SNTS - SANTARUS INC
STVI - eTwine Holdings Inc
SPMI - SPEEDEMISSIONS INC
SYNW - Sync2 Networks Corp
CFW - CANO PETROLEUM INC
AREM - Amer Rare Earth
MYLNG - Mylan Inc
BHPLF - BHP BILLITON LTD
ATHX - BTHC VI Inc
MRNA - Nastech Pharmaceutical
DARA - Point Therapeutics Inc
ALME - Alamo Energy Corp.
CHE - CHEMED CORP

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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REE looking good.

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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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