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Thursday, January 20, 2011 

Stock Market Ideas for Friday, January 21

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On today's trading session, Morgan Stanley (NYSE:MS) declined initially and found support around $27.59 level. However, subsequently it recovered and rallied 6 percent from the session’s low closing at $29.02. The near-term outlook will depend on the price movement in the next few days. I expect to see a breakout of this small range soon. Nevertheless, keep this on your watchlist because the overall market sentiment on MS is pretty bullish. If it breaks out of $29.22, target price is around $32.

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Rambus Inc. (NASDAQ:RMBS) closed again above the downtrend line which is a good sign. Until proven otherwise, momentum is to upside.

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Biogen Idec Inc. (NASDAQ:BIIB)  broke out to a new all-time high today, accompanied by a strong volume suggesting higher levels. The stock has been in a nice uptrend for the last six months and it looks very strong with both 50 day and 200 day moving average going up. On daily chart above we have a small ascending channel that has been violated to the upside indicating potential further bullish pressure. Technical indicators remain moderately bullish as MACD momentum holds in positive territory and RSI moves sideways slightly above the 50 level. Short-term outlook for the stock is bullish. Buy the stock on dips with a stop-loss at $65.90.

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Not a pretty picture. In downtrend mode. Next support is only at $2.24, followed by $2.02.

Other stocks to watch :

Earnings Announcements for Friday

Air Products and Chemicals Inc - APD
Airgas - ARG
American Claims Evaluation - ALRN
Applied Industrial Technologies - AIT
Bank of America Corporation - BAC
BB&T Corporation - BBT
Brookline Bancorp - BRKL
Century Bancorp A - CNBKA
Dearborn Bancorp - DEAR
First Horizon National Corporation - FHN
General Electric - GE
LAKELAND BANCORP INC - LBAI
LG DISPLAY CO LTD - LPL
Microsemi - MSCC
Prosperity Bancshares - PRSP
Schlumberger - SLB
SEVEN ARTS PICTURES PLC - SAPX
Sify Limited - SIFY
SunTrust - STI
TENNESSEE COMMERCE BANCORP INC - TNCC
Westamerica Bancorporation - WABC
Wipro Limited - WIT

Unusual volume in today's trading session

MNDP - Mundus Group, Inc.
EFLN - Efuel EFN Corp.
GOIG - GoIP Global, Inc.
BGOI - BONANZA OIL & GAS
FITB - Fifth Third Bancorp
IPWG - International Power Group Ltd.
POPN - Pop N Go Inc
DTRO - Deltron Inc
LGTT - LIGATT Security International, Inc.
MNKD - MANNKIND CP
STX - Seagate Tech
ACDU - Accredited Business Consolidators Corp.
FFIV - F5 Networks, Inc.
WEN - Wendy's/Arby's Group, Inc.
HCBK - Hudson City Bancorp
MOS - Mosaic Co
BCON - Beacon Power Corp
ATWT - ATWEC Technologies, Inc.
DFTS - Defense Technology Systems Inc.
DIAAF - Diamant Art Corp.
PDPR - Marathon Group Corp.
BLTI - BioLase Technology
HOMS - Homeland Security C
DDS - DILLARDS INC
OXGN - OXiGENE, Inc.
NWD - New Dragon Asia Corp
NETL - Netlogic Microsystem
DDSS - LABOPHARM INC
ARCC - ARES CAPITAL CP
MNLU - Mainland Resources Inc
ISLE - Isle of Capris Casino
PARD - Poniard Pharma
KCG - Knight Capital
CCWF - Church & Crawford Inc
CAVM - Cavium Networks Inc
ESI - I T T EDUCATIONAL SVCS
WZE - Wizzard Software Corp
NTWK - NetSol International
RNN - Rexahn Pharmaceutical
PRGO - Perrigo Company
SPEX - Spheric Incorporated
BCSI - Blue Coat Systems Inc
TPAC - Pinnacle Energy Corp
JADA - Jade Art Group Inc
SNWT - San West Inc
PLXS - Plexus Corp.
RJF - RAYMOND JAMES FNCL INC
ICGN - ICAGEN INC
ALBPP - Alabama Power Co
NEON - SBE, Inc.
PRWP - PRO-PHARMACEUTICALS
ARQL - ArQule, Inc.
WSTL - Westell Technologies
SHIP - Seanrgy Mrtm Hld
CSKH - Clear Skies Slr
CYD - CHINA YUCHAI INTL LTD
CRNT - Ceragon Network

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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