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Monday, January 03, 2011 

Stock Picks for Tuesday, January 04

Happy New Year Investors ! It’s time to kick-start 2011 with new trade Ideas for the coming trading session.

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Ciena Corporation ( NASDAQ:CIEN ) was a big winner today. The price of the stock closed up $0.66, a 3.14% increase. During the trading day, over 3.7 million shares of Ciena's were traded. The stock seems to have broken out of a three-week trading range in the $21 area. I feel that there will be a continuation move tomorrow, but I want to see it break through a big psychological resistance at the $22 level. There are several short and mid term technical indications suggesting that CIEN could make a move to higher levels. Keep a close eye on CIEN for Tuesday.

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A123 Systems, Inc. (NASDAQ:AONE) - On daily chart the stock closed above its 200-DMA with increase in volume. Momentum Oscillators are positive.

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Level 3 Communications, Inc. (NASDAQ:LVLT) - On daily chart the stock closed with a bullish candle above its 50-DMA and increased volume after consolidating in last few sessions. Momentum Oscillators are positive.

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Apple Inc. ( NASDAQ:AAPL ) hit a new 52-week high today, trading as high as $330.26, before settling at a close of $329.57. I'll be watching the stock on Tuesday, looking for a follow through move. Resistance reflects today’s high of $330.26. Keep an eye on AAPL because there is good upside in this stock.

Unusual volume in today's trading session 

CCTR - China Crescent Enterprises, Inc.
USOG - United States Oil & Gas Corp.
POPN - Pop N Go Inc
VCTY - Videolocity International, Inc.
GNTA - Genta
PWTC - Power Technology Inc.
ISPH - Inspire Pharmaceutical
AVL - Avalon Rare Metals Inc.
ADLS - ADVANCED LIFE SCIENCE
CYBL - Cyberlux Corp.
DFTS - Defense Technology Systems Inc.
CHGS - Point Acquisition Corp
FRGY - Frontier Energy Corporation
VRAL - Viral Genetics Inc.
CLX - CLOROX CO
CDII - China Direct Industries
THLD - THRESHOLD PHARMACEUT
HRRN - HE-5 Resources Corp.
SNT - Senesco Technologies
GDLNF - Greenland Minerals
GWMGF - Great Western Miner
BLEW - Bluewave Group Inc
ERII - Energy Recovery Inc
PDEP - Diamond One Inc
GKK - GRAMERCY CAPITAL CP
WPNV - WindPower Innovation
UAM - Universal American
FLPC - First Liberty Power
ETEV - Ethos Environmental
SSN - Samson Oil & Gas Ltd
IDSM - Industrial Minerals
NVAE - Svnna Est Africa
EMMS - Emmis Communication
TIII - TII Industries, Inc.
FGOCQ - Newgold, Inc.
WSTM - Workstream Inc.
CHGI - China Carbon Graphic
ESPH - Ecosphere Technology
FLMG - Fleet Management So
CAAH - Sense Holdings Inc
QMM - Quaterra Resources Inc
DLLR - DOLLAR FINANCIAL CP

Earnings Announcements for Tuesday

AngioDynamics - ANGO
CalAmp Corp - CAMP
Champion Industries - CHMP
CHINA INFRASTRUCTURE INVT CORP - CIIC
ENVOY CAPITAL GROUP INC - ECGI
First Security Group, Inc. - FSGI
Landec Corporation - LNDC
Neogen - NEOG
Sonic Corp. - SONC
Team Inc - TISI
The Mosaic Company - MOS
Volt Information Sciences - VOL

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.

Good luck to all,

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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