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Thursday, December 09, 2010 

Stocks in focus for Friday

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11% Increase!!! A truly remarkable day for Eastman Kodak Company (NYSE:EK) shares.  The stock surged 11.32 percent or 54 cents to $5.31 per share, spurring bullish options trading, amid renewed speculation the company is an acquisition target. Breakout !!!!! After nearly a month of consolidating sideways shares of Eastman Kodak broke out higher past resistance near $4.85. This is a very short-term bullish development. Conservative traders may want to exit now but I'm going to adjust my exit target just a little bit and move it from $5.68 to $5.95. Aggressive traders could easily aim for the $6 or $6.25 level. I first alerted on this one Friday night and Yesterday when it was trading at $4.77. Today it hit a high of $5.48 for a possible gain on 15% and ended the day at $5.31 so readers who bought in on my inital alert are still up 16%!! Hope everyone is having fun and making some money. To answer some of the e-mail's I have been receiving : Thank you for telling me about your success with EK and other alert's I have brought you. Technically speaking, EK looks promising. The stock is in a very strong bull market as MACD is high above signal line and %K line has just crossed on top over %D line. In addition, the long term trend is now bullish as the stock is on top of 50-day moving average and back above the 200-day moving average. All of the common indicators point to some very positive near-term advances.

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Texas Instruments Incorporated (Public, NYSE:TXN) continues to show relative strength with another new relative high. The stock is beginning to look a little short-term overbought and due for a dip. I would expect TXN to find short-term support at the rising 10-day moving average near $32.85. On the other hand, fresh exposures may be considered on a move above $33.93.

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After two days of relative weakness we're finally seeing an oversold bounce in Cisco Systems (NASDAQ:CSCO). Immediate resistance is at $20. A break above that area could trigger further upside recovery testing $21.12. Stay tuned !!!!

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I have been warning readers that GigaMedia Limited (NASDAQ:GIGM) looks like it would bounce back toward resistance near $1.73. From a technical standpoint the larger trend is still bearish but  in the short-term technical indicators have turned bullish with the bounce. The MACD also confirms the price movement byheading higher and RSI shows that there's more upside to come. Furthermore, the most recent data shows that the short interest increased significantly ( 35% ). That's a high-degree of short interest, and raises the risk for a strong short squeeze. Right now I'd watch the 20-dma near $1.50 as short-term support. 

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Other stocks to watch :

Unusual volume in today's trading session

ADPAS - Adelphia Recovery T
MMTE - Mammoth Energy Group, Inc.
ABWTQ - AbitibiBowater, Inc.
NVLT - Novelos Therapeutics
KOG - KODIAK OIL & GAS CP
AIG - AMERICAN INTERNATIONAL
GLIF - Grant Life Sciences, Inc.
ARG - AIRGAS INC
AGNC - American Capital Ag.
DG - Dollar General Corp
LINE - LINN ENERGY LLC UTS
LULU - lululemon athletical
ZQK - Quiksilver Inc
CML - Compellent Technology
EQY - Equity One Inc
SWS - SOUTHWEST SECURITIES
GVBP - Genova Biotherapeutics, Inc.
SDTH - Shengdatech
ARB - ARBITRON INC
WNYN - Warp 9, Inc. 
FSP - Franklin St Prop
EPCT - EPICEPT CORPORATION
SGDH - SGD Holdings Ltd.
OCZ - OCZ Technology Group
MATK - Martek Biosciences
ETRM - EnteroMedics Inc
CYDE - Cyber Defender
DMND - DIAMOND FOODS
TITN - Titan Machinery Inc
HDB - HDFC BANK LTD
OCLG - BestNet Communication
HELE - Helen of Troy Limited
TYHJF - TYHEE DEVELOPMENT CO 
DHX - Dice Holdings Inc
VIZS - VizStar Inc
OXM - OXFORD INDUSTRIES INC


The following list show stocks whose MFI ( Money Flow Index 15 ) has been increasing over the last 2 days

INTC - Intel Corporation
CSCO - Cisco Systems, Inc.
GE - GENERAL ELECTRIC CO
MGM - Mgm Resorts Int
RF - REGIONS FINANCIAL CORP
MSFT - Microsoft Corporation
OREX - Orexigen Therapeutics
AA - ALCOA INC
MU - Micron Technology
XOM - EXXON MOBIL CORP
YHOO - Yahoo! Inc
VVUS - Vivus, Inc.
AMD - ADVANCED MICRO DVCS
NOK - NOKIA CORP
CHK - CHESAPEAKE ENERGY CORP
LOW - LOWES COMPANIES INC
NVDA - NVIDIA Corporation
MS - Morgan Stanley
ORCL - Oracle Corporation
MET - METLIFE INC
TXN - TEXAS INSTRUMENTS INC
EMC - EMC CORP
PHM - Pultegroup Inc
HIG - Hartford Financial
MO - ALTRIA GROUP
MAS - Masco Corporation
VZ - Verizon Comm
RDN - RADIAN GROUP INC
MI - MARSHALL & ILSLEY CORP
ABT - ABBOTT LABORATORIES
EBAY - eBay Inc.
AMAT - Applied Materials
VLO - VALERO ENERGY CORP NEW
NWSA - News Corp Ltd
KFT - KRAFT FOODS INC
SLE - SARA LEE CORP
SD - Sandridge Energy Inc
AUY - YAMANA GOLD INC
KBE - SPDR KBW BNK
GCI - GANNETT CO INC
RFMD - RF Micro Devices, Inc.
MRVL - Marvell Technology
CVS - CVS Caremark Corp
ITUB - Itau Unibnco Adr
STX - Seagate Tech
QCOM - QUALCOMM Incorporated
DIS - DISNEY CO WALT HLDG CO
MRK - Merck & Co
AXP - AMERICAN EXPRESS CO
BBT - BB&T CORPORATION
WU - Western Union
CBS - CBS Cl B
GILD - Gilead Sciences, Inc.
PBCT - People's Bank
NG - NOVAGOLD RESOURCES INC
MDT - MEDTRONIC INC
CX - CEMEX S.A.
STI - SUNTRUST BANKS INC
ISIL - Intersil Holding Co.
GNW - GENWORTH FINCL INC
CVX - Chevron
COP - ConocoPhillips
DOW - DOW CHEMICAL CO
JNPR - Juniper Networks
KOG - KODIAK OIL & GAS CP
ZION - Zions Bancorporation
BP - BP AMOCO ADS
SPLS - Staples, Inc.
BRCM - Broadcom Corporation
TER - TERADYNE INC
NE - NOBLE DRILLING CORP
ERTS - Electronic Arts Inc.
ARTG - Art Technology Group
PM - Philip Morris International
NTAP - NetApp Inc
HST - HOST MARRIOTT CORP
SNDK - SanDisk Corporation
ODP - OFFICE DEPOT INC
TWX - AMERICA ONLINE INC
DF - DEAN FOODS INC
BIDU - Baidu Inc
UNH - UNITEDHEALTH GROUP INC
LSI - LSI Corp
ALTR - Altera Corporation
NUE - NUCOR CORP
DHI - Horton DR Inc
STRI - STR Holdings
GS - GOLDMAN SACHS GROUP
BA - BOEING CO
STO - Statoil ASA
SU - SUNCOR ENERGY INC
AKS - A K STEEL HOLDING CORP
OXY - OCCIDENTAL PETROLEUM
LLY - LILLY ELI & CO
XLNX - Xilinx, Inc.
MT - Arcelormittal
SFI - ISTAR FINANCIAL INC
ADI - ANALOG DEVICES INC
KIM - KIMCO REALTY CORP
IP - INTERNATIONAL PAPER CO
HCP - HCP Inc
SAI - SAIC INC
VMED - Virgin Media Inc
GGB - GERDAU USA
WIN - Windstream Corp
CRM - SALESFORCE.COM INC
PCS - MetroPcs Communication
EGO - ELDORADO GOLD CP
HTZ - Hertz Global Holdings
APOL - Apollo Group, Inc.
JDSU - JDS Uniphase Corporation
LDK - LDK Solar Co Ltd
CELG - Celgene Corporation
UNM - UNUM GROUP
AMZN - Amazon.com, Inc.
MON - Monsanto Co
COST - Costco Wholesale Co.
RIO - RIO TINTO P L C
DLM - DEL MONTE FOODS COM
AET - AETNA INC
UBS - UBS AG
SLM - USA EDUCATION INC
POT - POTASH CORP
A - Agilent Technologies
TOT - Total Sa
MOS - Mosaic Co 6
APA - APACHE CORP
VOD - Vodafone Gp Plc
WDC - WESTERN DIGITAL CORP
NWL - NEWELL RUBBERMAID INC
ECL - ECOLAB INC
FE - FIRSTENERGY CORP
INTU - Intuit Inc.
COV - Covidien Plc
VMW - VMWARE INC CLASS A
ACN - Accenture Plc
TSL - Trina Solar Ltd
ADP - Automatic Data Process
OSK - Oshkosh Corp
STT - STATE STREET CORP
IAG - IAMGOLD CP
UPS - UPS
AES - A E S CORP
JNS - Janus Capital Group
BCS - BARCLAYS PLC
MHP - MCGRAW HILL COS INC
NUAN - Nuance Communications
PAYX - Paychex, Inc.
WM - WASTE MANAGEMENT INC
MCO - Moody's Corp
CPWR - Compuware Corporation
MWW - Monster Worldwide Inc
PCAR - PACCAR Inc
SGMS - Scientific Games Corp
SWKS - SKYWORKS SOLUTNS
HES - AMERADA HESS CORP
TGT - TARGET CORP
MDRX - Allscript Health
CAG - CONAGRA INC
ECA - EnCana Corp
BYD - BOYD GAMING CORP
HUN - HUNTSMAN CORPORATION
URI - UNITED RENTALS INC
CSE - CAPITALSOURCE INC
IR - INGERSOLL RAND CO
MTW - MANITOWOC CO INC
GAS - NICOR INC
TEL - Tyco Electronics Ltd
BEXP - Brigham Exploration Co
ETFC - E*Trade Financial Inc
CHS - Chicos FAS Inc
AKAM - Akamai Technologies
PGR - PROGRESSIVE CORP
LMT - LOCKHEED MARTIN CORP
INFN - Infinera Corp
NXY - Nexen Inc
SOL - Renesola Ltd
YGE - Yingli Green Energy
CCJ - CAMECO CORP
JWN - NORDSTROM INC
MDR - MCDERMOTT INTL INC
DVN - Devon Energy Cp
ABB - ABB LTD
KFY - KORN FERRY INTL
PMCS - PMC - Sierra, Inc.
UN - UNILEVER NV
NVLS - Novellus Systems, Inc.
HNZ - HEINZ
KMB - KIMBERLY CLARK CORP
NEE - Nextera Energy
ARBA - Ariba, Inc.
DHR - DANAHER CORP
TIVO - TiVo Inc.
CCE - Coca Cola Ent
CTXS - Citrix Systems, Inc.
AMX - America Movil SA
VRGY - Verigy
CY - Cypress Semiconductor
TXT - TEXTRON INC
PPO - Polypore International
CMI - CUMMINS ENGINE CO INC
ZMH - ZIMMER HOLDINGS INC
TOL - TOLL BROTHERS INC
CNO - Cno Fnancial Grp
CNQ - Canadian Natural Resources
KBR - KBR Inc
ESRX - Express Scripts, Inc.
AUO - AU OPTRONICS CORP
SCCO - Southern Copper Cp
JCP - PENNEY J C CO INC
DNR - DENBURY RESOURCES INC
LPX - LOUISIANA PACIFIC CORP
ADCT - ADC Telecommunication
DAN - Dana Corp
ACE - Ace Ltd
COO - COOPER COS INC
BAX - BAXTER INTERNATIONAL
AMKR - Amkor Technology, Inc.
HCN - Health Care REIT Inc
BBBY - Bed Bath & Beyond Inc.
EIX - EDISON INTERNATIONAL
FFIV - F5 Networks, Inc.
RDC - ROWAN COS INC
KEG - Key Energy Services

The following list show stocks whose Slow Stochastic Fast line %K has been increasing over the last 2 days

SVU - SUPERVALU INC
KFT - KRAFT FOODS INC
MDT - MEDTRONIC INC
KSS - KOHLS CORP
NE - NOBLE DRILLING CORP
TEVA - Teva Pharmaceutical
DF - DEAN FOODS INC
STRI - STR Holdings
ARO - AEROPOSTALE INC
CFN - Carefusion Cp
VTR - Ventas Inc
NOC - NORTHROP GRUMMAN CORP
CVBF - CVB Financial Corp
AMRN - Amarin Corporation
ZAGG - Zagg Incorporated
LSCC - Lattice Semiconductor
CRME - CARDIOME PHARMA CP
THOR - Thoratec Laboratories
QCOR - Questcor Pharm
TEG - WPS Resources Corp
MNKD - MANNKIND CP
MCP - Molycorp Inc
LO - Lorillard Inc
DV - DEVRY INC
AVAV - AeroVironment Inc
ONXX - ONYX Pharmaceutical
ALXN - Alexion Pharmaceutical
WINN - WINN-DIXIE STORES
PDC - Pioneer Drilling Co
VR - Validus Holdings Ltd
VGR - Vector Group Ltd
TRGP - Targa Resources Corp
KRC - KILROY REALTY CORP
OCN - OCWEN FINANCIAL CORP
IRDM - Iridium Comm Inc
CBST - Cubist Pharmaceutical
SCI - SERVICE CORPORATION
OLN - OLIN CORP
SCS - STEELCASE INC
BPI - Bridgepoint Education
AFFY - Affymax Inc
DCTH - Delcath Systems, Inc.
LLNW - Limelight Networks Inc
TAP - ADOLPH COORS CO
UTIW - UTI Worldwide Inc
TSLA - Tesla Motors Inc
GAME - SHANDA GAMES LTD

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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