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Friday, December 17, 2010 

Trade ideas for next week

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DryShips Inc. (NASDAQ:DRYS) - Looking at the technical chart above, we can see a nice pull back after recent advance. The volume on this pull back has been minimal compared to the volume on the way up, so there is nothing to worry about. This stock is still displaying upside momentum and is poised to move higher from these levels. Let’s see whether the stock can gather enough momentum to break through $6.32 next week. If the Bulls are able to push through this level, there will be another rally towards $6.68 . The uptrend continuation scenario is slightly more likely at the moment. Shareholders may remain invested with a stop-loss at $5.69.

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Apple Inc. (NASDAQ:AAPL)  enjoys a strong support at the 318-319 zone. Only a close below this zone would have negative implications. The near-term trend is bullish and would remain so, as long as the stock holds above this area. Fresh buying may be considered on a close above 325.

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Research In Motion Limited (NASDAQ:RIMM) traded up on Friday and I am looking for a continuation move next week. Resistance is $62.15 and I expect an increase in volume once the stock breaks through.

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Eastman Kodak Company (NYSE:EK) continued to show strength with another gain on strong volume. Today's rally put shares above potential round-number resistance at the $5.50 level, which is a bullish sign. The technical chart looks very bullish with a short-term target of $5.88.

Other stocks to watch :

Shares of Plug Power Inc. (NASDAQ:PLUG) continue to be very volatile and a stock worth watching. I plan to buy PLUG the next time it breaks up through $.40

Shares of Bank of America Corporation (NYSE:BAC) closed back above $12.50 on Friday, which is bullish. Support is located around $12.28.

Shares of Universal Travel Group (NYSE:UTA) are starting to heat up again and are worth watching. As I have been saying, I think this stock can trade above $7 during the next four weeks. The stock is forming a possible inverted head and shoulders pattern with a neckline at $7.

Shares of Motorola, Inc. (NYSE:MOT)  hit a new 52 week high on heavy volume Thursday. Resistance is located at $9.36 and then $9.45.

Earnings Announcements for Monday

Adobe Systems - ADBE
American Greetings Corp. - AM
Arrowhead Research Corp. - ARWR
Bioanalytical Systems - BASI
Cintas Corporation - CTAS
Commercial Metals Company - CMC
CPI Corporation - CPY
Darden Restaurants - DRI
Electro Rent - ELRC
FSI International - FSII
Jabil Circuit, Inc. - JBL
LiveDeal, Inc. - LIVE
Navistar International - NAV
Park Electrochemical - PKE
Piedmont Natural Gas - PNY
Red Hat, Inc. - RHT

Unusual volume in today's trading session

PRPM - ProTek Capital, Inc.
MI - MARSHALL & ILSLEY CORP
VYGO - Voyager Petroleum, Inc.
NNSR - NanoSensors, Inc.
EDWY - eDoorways International Corp
ZLUS - CoreStream Energy, Inc.
V - VISA Inc
OLNK - OneLink Corporation
ITMN - InterMune Pharmaceutical
JUNP - Juniper Group Inc.
ACN - Accenture Plc
SEAOF - Seaco Ltd
TSTRQ - MOTIENT CORP
BMO - BANK OF MONTREAL
TTWO - Take-Two Interactive
NUBL - NuMobile, Inc.
YRCW - Yellow Roadway
CPST - Capstone Turbine Co
RNRG - REVONERGY INC
TWO - TWO HARBORS INVT CP
MA - MASTERCARD INCORPORATION
SMOD - SMART MODULAR TEC
APXR - Apex Resources Group
AZN - ASTRAZENECA PLC
ISCO - International Stem
ALXA - ALEXZA PHARMACEUTICAL
NYMX - Nymox Pharmaceutical
PARD - NeoRx Corporation
AIS - Antares Pharma Inc
ARR - Enterprise Acquisition
SDRG - SILVER DRAGON RES
TKGBY - TURKIYE GARANTI BANK
ARYX - ARYx Therapeutics Inc
EGI - ENTREE GOLD INC
HSFT - HiSoft Technology
BTM - Brasil Telecom SA


The following show stocks whose Relative Strenght Index (15) has been increasing over the last 2 trading sessions

MOT - MOTOROLA INC
MSFT - Microsoft Corporation
F - FORD MOTOR COMPANY
KO - COCA COLA CO
PG - PROCTER & GAMBLE CO
CIEN - CIENA Corporation
ATVI - Activision, Inc.
ATML - Atmel Corporation
MI - MARSHALL & ILSLEY CORP
HD - HOME DEPOT INC
CHK - CHESAPEAKE ENERGY CORP
NUE - NUCOR CORP
MRK - Merck & Co
MT - Arcelormittal
LOW - LOWES COMPANIES INC
KR - KROGER CO
GILD - Gilead Sciences, Inc.
SPLS - Staples, Inc.
EK - EASTMAN KODAK CO
WAG - WALGREEN CO
SCHW - Charles Schwab Corp
ABT - ABBOTT LABORATORIES
KFT - KRAFT FOODS INC
HCP - HCP Inc
GPS - GAP INC
MYL - Mylan Inc
SWY - SAFEWAY INC
SVU - SUPERVALU INC
XL - Xl Group Plc
MDRX - Allscript Health
PRU - PRUDENTIAL FINANCIAL
MCP - Molycorp Inc
MPW - Medical Props
NFLX - Netflix, Inc.
CAT - Caterpillar Inc
COV - Covidien Plc
LLY - LILLY ELI & CO
KEG - Key Energy Services
KSS - KOHLS CORP
DHR - DANAHER CORP
LEAP - LEAP WIRELESS INTL
JDSU - JDS Uniphase Corporation
HTZ - Hertz Global Holding
HCBK - Hudson City Bancorp
AMZN - Amazon.com, Inc.
NYT - New York Times Co
WYNN - Wynn Resorts LTD
JNPR - Juniper Networks
SWKS - SKYWORKS SOLUTNS
FNSR - Finisar Corporation
CDNS - CADENCE DESIGN SYS INC
OXY - OCCIDENTAL PETROLEUM
FRX - FOREST LABORATORIES
CAG - CONAGRA INC
CL - COLGATE-PALMOLIVE
MBT - MOBIL TELESYSTEMS
EXEL - Exelixis, Inc.
JOE - ST JOE CORP
EXPE - EXPEDIA INC
ABC - AMERISOURCEBERGEN CORP
HOLX - Hologic, Inc.
CELG - Celgene Corporation
BAX - BAXTER INTERNATIONAL
PBCT - People's Bank
NYX - NYSE EURONEXT INC
BMC - BMC Software Inc
NWL - NEWELL RUBBERMAID INC
SYY - SYSCO CORP
COH - Coach Inc
SQNM - Sequenom, Inc.
TIVO - TiVo Inc.
PBI - PITNEY BOWES INC
LIFE - Invitrogen Corporation
SAI - SAIC INC
STT - STATE STREET CORP
AVGO - Avago Technologies
RRC - Range Resources Corp
APOL - Apollo Group, Inc.
ACE - Ace Ltd
HLIT - Harmonic Inc.
HGSI - Human Genome Sciences
INFN - Infinera Corp
CPB - CAMPBELL SOUP CO
IR - INGERSOLL RAND CO
STJ - ST JUDE MEDICAL INC
URBN - Urban Outfitters, Inc.
ZMH - ZIMMER HOLDINGS INC
KMX - CarMax Inc
HLS - HEALTHSOUTH Corp.
NIHD - NII Holdings Inc
K - KELLOGG CO
AUO - AU OPTRONICS CORP
CE - CELANESE CORPORATION
PMCS - PMC - Sierra, Inc.
SPPI - Spectrum Pharmaceutical
CTAS - Cintas Corporation
BIG - Big Lots Inc
FWLT - Foster Wheelr Ag
BWA - BorgWarner Inc
PDLI - PDL BioPharma
ETN - EATON CORP
ANN - ANNTAYLOR STORES CORP
BCR - BARD C R INC
JCG - J CREW GROUP INC
KLAC - KLA-Tencor Corporation
TLM - TALISMAN ENERGY INC
LULU - lululemon athletical
PDC - Pioneer Drilling Co
TEL - Tyco Electronics Ltd
INFY - Infosys Technologies
ENZN - Enzon, Inc.
DRI - DARDEN RESTAURANTS INC
ARUN - Aruba Networks Inc
NSC - NORFOLK SOUTHERN CORP
SEE - SEALED AIR CORP NEW 2
DEPO - Depomed, Inc
DG - Dollar General Corp
MF - MF Global Hld Ltd
DGX - QUEST DIAGNOSTICS INC
NBL - NOBLE AFFILIATES INC
CNO - Cno Fnancial Grp
XCO - EXCO RESOURCES INC
WPI - WATSON PHARMACEUTICALS
MHP - MCGRAW HILL COS INC
BEC - BECKMAN COULTER INC
OAS - Oasis Petroleum Inc
PX - PRAXAIR INC
TIF - TIFFANY AND CO
IPXL - Impav labs Inc
APKT - Acme Packet Inc
WCRX - Wrner Chil Plc A
DECK - Deckers Outdoor Corporation
OC - Owens Corning Inc
DDS - DILLARDS INC CL A
ARM - ARVINMERITOR INC
DLTR - Dollar Tree Inc
LOCM - INTERCHANGE CP
TAP - ADOLPH COORS CO
CXO - Concho Resources Inc
HP - HELMERICH & PAYNE INC
SHW - SHERWIN WILLIAMS CO
HSY - Hershey Corp
AN - AUTONATION INC
AKRX - Akorn, Inc.
CPRT - Copart, Inc.
MITI - MICROMET INC
STEC - STEC Inc
KEM - Kemet Corp
COT - COTT CORP
LPSN - LivePerson, Inc.
FAST - Fastenal Company
FDO - FAMILY DOLLAR STORES
THO - THOR INDUSTRIES INC
VRTX - Vertex Pharmaceutical
VRSK - Verisk Analytics
SVNT - SAVIENT PHARMS
AOD - ALPINE TOTAL DYNAMIC
INFA - Informatica Corp
SOA - Solutia Inc
UMPQ - Umpqua Holdings Corporation
GR - BF GOODRICH CO
AVY - AVERY DENNISON CORP
PDCO - Patterson Co

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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