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Sunday, January 30, 2011 

Stock Market Ideas for Monday, January 31

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I have been following Sirius XM Radio Inc. (NASDAQ:SIRI) for a while and bought some after the major resistance level around 1.41 was broken. Honestly, the stock looks like it could go to $2 or even higher by the end of year. Nice growth, good expansion and management team. I believe the current uptrend is sustainable and I do expect that we will have a quick upward movement. Overall, the flux of news have been in favor of Bulls. I prefer to keep with my long position on stock respecting the breakout mode. After a strong runup since its August 2010 bottom, SIRI looks poised to rally again from this small pullback. Present technical indicators are in favor of Bulls.

A quick look at the technical chart :

- The bias is bullish in nearest term testing $1.69 but remains unclear in medium term.
- The stock still trading above 50 day and 200 day moving average, also a bullish sign.
- Back above the 20 day average.
- Volume increases on support levels (good sign)
- RSI back above 50 level.
- Money Flow-Index still climbing
- The +DI crossed up through the -DI last week - Bullish.
- Call Options Still going Strong.
- The trend is still up

I hope I am right ........

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Apple Inc. (NASDAQ:AAPL)  is currently setting up in a very nice uptrend channel since May Lows. Technically the stock looks solid trading above its 50 and 200 day moving averages. My model is long, targeting $350 area. The stock needs to stay above key level $326.04 to keep the bullish scenario intact. Resistance Levels: $344/348.48 $14,92 / Support Levels: $330.6, $326

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Tellabs, Inc. (NASDAQ:TLAB) - It looks like there is just limited downside risk in the stock at current levels. TLAB is short-term extremelly oversold technically, and due for a strong corrective bounce soon.

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NVIDIA Corporation (NASDAQ:NVDA) attempted to push higher on Friday but found good resistance around $25 psychological/key level, closing at 23.76. The stock has been in the process of consolidating here for an another big up move. NVDA has weathered the recent pullback without too much chart damage. It is actually pretty close to all time highs. The outlook remains bullish and the stock appears on course to move to new highs. The short-term trend remains positive as long as the Nvidia trades above 23 levels, which is an important immediate support. Long positions may be considered on weakness, with a stop-loss at $23. Honestly speaking, the stock is one of my favourite stocks for 2011. Keep an eye on it !!!! 

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Banner Corporation (NASDAQ:BANR) is still in my watch list for next week. Still looks strong. The stock has major resistance at $2.68, a close over that level would be very bullish. Looking at the technical chart above, you can see a MACD crossover which, by definition means that there is a momentum change. In addition, the technical indicator On Balance Volume still shows strong accumulation. Consistent move above $2.45 could trigger further upside momentum re-testing $2.68 before testing $3 region. On the downside, initial support at $2.30.

Other stocks to watch :

Rambus Inc. (NASDAQ:RMBS) - A lot of bullish traders like RMBS stock right now. The stock is trading right around the 20 day moving average while the 50 day moving average is rapidly rising. I think the correction is over and another leg higher is imminent.

Cell Therapeutics, Inc. (NASDAQ:CTIC) stock continues to hold $.35 but seems to have stalled here. A break below from this point forward would be very bearish.

Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) - I still like the stock for long term prospects.

Unusual volume in Friday's trading session

F - FORD MOTOR COMPANY
TMRK - Terremark Worldwide
CX - CEMEX S.A.
JBLU - JetBlue Airways Corporation
SNDK - SanDisk Corporation
PMCS - PMC - Sierra, Inc.
PGR - PROGRESSIVE CORP
MWW - Monster Worldwide Inc
AMZN - Amazon.com, Inc.
SU - SUNCOR ENERGY INC
APA - APACHE CORP
DAR - Darling Intl
ACI - ARCH COAL INC
BGP - BORDERS GROUP INC MICH  0
CELG - Celgene Corporation
INFN - Infinera Corp
THOR - Thoratec Laboratories
CPWR - Compuware Corporation
CRUS - Cirrus Logic, Inc.
FRO - FRONTLINE LTD
XCO - EXCO RESOURCES INC
MYGN - Myriad Genetics, Inc.
GSK - GlaxoSmithKline PLC
GMR - GENERAL MARITIME CORP
BPZ - BPZ Resources
SVVS - Savvis Cp
DRIV - Digital River, Inc.
AMPW - American Power Corp
CCME - China Media Xprs
KT - KOREA TELECOM CORP
RAX - Rackspace Hosting Inc
OI - OWENS ILLINOIS INC
ARAY - Accuray Inc
ARBA - Ariba, Inc.
DOV - DOVER CORP
RMD - RESMED INC
HBI - HANESBRANDS INC
GLUU - Glu Mobile Inc
PWRM - POWER 3 MEDICAL PRO
BXS - BANCORPSOUTH INC
BPL - BUCKEYE PARTNERS L P
AMCC - Applied Micro Circuits
CIRC - CIRTRAN CORP
AXAS - Abraxas Petroleum C.

Earnings Announcements for Monday

Alberto Culver Co. - ACV
Allegheny Energy, Inc. - AYE
ALLEGIANT TRAVEL CO - ALGT
ALLIANCE BANKSHARES CORP - ABVA
Anadarko Petroleum Corporation - APC
Anchor BanCorp Wisconsin - ABCW
Annaly Capital Management, Inc. - NLY
Annapolis National Bancorp - ANNB
Apollo Commercial Real Estate Finance, Inc. - ARI
ARCADIA RES INC - KAD
Astrotech Corporation - ASTC
Atlantic American - AAME
B&H Ocean Carriers Limited - BHO
Baltic Trading Limited - BALT
Banco Bradesco S.A. - BBD
BANK MUTUAL CORP NEW - BKMU
Bar Harbor Bankshares - BHB
Belo - BLC
BENEFICIAL MUTUAL BANCORP INC - BNCL
BIODEL INC - BIOD
Buckeye Partners - BPL
Capital Bank - CBKN
CAPITAL PRODUCT PARTNERS L P - CPLP
Capital Southwest - CSWC
CaraCo Pharmaceutical Laboratories Ltd - CPD
CAROLINA TR BK LINCOLNTON NC - CART
Carver Bancorp - CARV
Cavium Networks, Inc. - CAVM
Center Bancorp - CNBC
Central Bancorp - CEBK
Ceragon Networks Ltd - CRNT
CEVA, Inc. - CEVA
CHANGYOU COM LTD - CYOU
Check Point Software Technologies - CHKP
CKX LANDS INC - CKX
CMS BANCORP INC - CMSB
Columbia Banking System - COLB
Conexant Systems Inc. - CNXT
Continucare - CNU
CPEX PHARMACEUTICALS INC - CPEX
CRESCENT FINL CORP - CRFN
DSP Group - DSPG
Duoyuan Global Water Inc. - DGW
Eastman Chemical Company - EMN
Endwave - ENWV
Extreme Networks - EXTR
ExxonMobil Corporation - XOM
FABRINET - FN
Fidelity Southern Corporation - LION
First Mariner Bancorp - FMAR
Gannett - GCI
GLADSTONE INVT CORP - GAIN
Graco - GGG
GREEN BANKSHARES INC - GRNB
Haemonetics Corporation - HAE
Heritage Commerce - HTBK
Heritage Oaks Bancorp - HEOP
Hologic - HOLX
HOME FED BANCORP INC MD - HOME
Honda Motor Co. Ltd. - HMC
Hopfed Bancorp - HFBC
ICU Medical, Inc. - ICUI
Illinois Tool Works Inc. - ITW
Ingles Markets, Incorporated - IMKTA
IntegraMed America, Inc. - INMD
Integrated Device Technology - IDTI
International Rectifier - IRF
Interphase - INPH
Intralinks - IL
Intricon Corp. - IIN
Joe's Jeans Inc. - JOEZ
K12 INC - LRN
KAYNE ANDERSON ENERGY DEV CO - KED
Korea Electric Power - KEP
Ladish - LDSH
LaserCard Corporation - LCRD
Logic Devices - LOGC
MACKINAC FINL CORP - MFNC
Mahanagar Telephone Nigam Limited - MTE
Manitowoc - MTW
Matrix Service - MTRX
McKesson Corporation - MCK
MetroCorp Bancshares, Inc. - MCBI
MicroFinancial Incorporated - MFI
Middleburg Financial Corp. - MBRG
MOD PAC CORP - MPAC
MONARCH FINANCIAL HOLDINGS INC - MNRK
MSB FINANCIAL CORPORATION - MSBF
Navarre - NAVR
NEWPORT BANCORP INC - NFSB
Nobel Learning Communities - NLCI
Novellus Systems, Inc. - NVLS
NUSTAR GP HOLDINGS LLC - NSH
Old National Bancorp - ONB
Olin Corporation - OLN
Orix Corporation - IX
OVERHILL FARMS INC - OFI
Overland Storage, Inc. - OVRL
Pacific Capital Bancorp - PCBC
PAREXEL - PRXL
PARKE BANCORP INC - PKBK
Pathfinder Bancorp - PBHC
PATNI COMPUTER SYS - PTI
Performance Technologies - PTIX
Plum Creek Timber - PCL
POSTROCK ENERGY CORP - PSTR
Preferred Bank - PFBC
Pro-Dex Incorporated - PDEX
Provident Community Bancshares, Inc - PCBS
PRUDENTIAL BANCORP INC PA - PBIP
Qiagen N.V. - QGEN
Ralcorp Holdings, Inc. - RAH
Reinsurance Group of America, Incorporated - RGA
Rent-A-Center - RCII
Roper Industries - ROP
Rudolph Technologies - RTEC
S&T Bancorp - STBA
Saia, Inc. - SAIA
Silicon Motion Technology Corporation - SIMO
Skyline - SKY
SOHU.com - SOHU
Sonic Solutions - SNIC
Southern Community Financial Corporation - SCMF
Sport Chalet - SPCHB
Star Gas Partners - SGU
SUSSEX BANCORP - SBBX
TATA COMMUNICATIONS LIMITED - TCL
Teche Holdings - TSH
Technology Research - TRCI
Tengion, Inc. - TNGN
TFS Financial Corp - TFSL
The India Fund, Inc - IFN
The Pantry Inc. - PTRY
The Timberland Company - TBL
THE9 LTD - NCTY
Thermogenesis - KOOL
Thomas & Betts - TNB
Todd Shipyards - TOD
TORTOISE ENERGY CAP CORP - TYY
TRC Companies - TRR
Triumph Group, Inc. - TGI
Unifi - UFI
United Community Financial Corp. - UCFC
Unitrin, Inc. - UTR
Unity Bancorp - UNTY
Vicon - VII
VIRTUS INVT PARTNERS INC - VRTS
Well & Reed Financial, Inc. - WDR
Washington Federal, Inc. - WFSL
WILBER CORP - GIW
XENITH BANKSHARES INC - XBKS

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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