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Tuesday, January 04, 2011 

Stock Picks for Wednesday, January 05

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Today marked an important shift in Plug Power shares as they closed above a major horizontal resistance line that has been forming since December. The stock was one of the big winners on Tuesday, closing up $0.068 on the day. Plug Power Inc. (NASDAQ:PLUG) traded heavy volume as it hit a high of $0.48. This high is resistance for Wednesday’s continuation move. Looking at the technical chart I see a stock that cleared a sideway consolidation base. The first target is the last pivot high over $0.569. Keep the stock on your radar for Wednesday’s trading day.

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Force Protection, Inc. (NASDAQ:FRPT) is on the verge of a breakout from an ascending triangle pattern. Watch for a move above $5.70 on a closing basis to confirm a target of $6+.

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Melco Crown Entertainment Ltd (NASDAQ:MPEL)  - If the stock can manage to pop above $6.86, we may see a run to $7.14. On the downside, the rising 13-dma at $6.34 may act as support.

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Wynn Resorts, Limited (NASDAQ:WYNN) -The next key resistance levels are located at $114.37 and $115.30. The stock looks very bullish on charts. MACD made a bullish crossover and ADX is increasing.

The following list show stocks whose volume has been increasing over the last 2 days

CSCO - Cisco Systems, Inc.
MSFT - Microsoft Corporation
MU - Micron Technology
AA - ALCOA INC
LVS - LAS VEGAS SANDS CP
WFC - WELLS FARGO & CO
MGM - Mgm Resorts Int
BSX - BOSTON SCIENTIFIC CORP
MS - Morgan Stanley Dean
AMD - ADVANCED MICRO DVCS
CMCSA - Comcast Corporation
T - AT&T Inc
NVDA - NVIDIA Corporation
VZ - Verizon Comm
MRK - Merck & Co
HPQ - HEWLETT-PACKARD CO
DELL - Dell Inc
QCOM - QUALCOMM Incorporated
WMT - Wal-Mart Stores Inc
GLW - CORNING INC
MRVL - Marvell Technology
EBAY - eBay Inc.
ATVI - Activision, Inc.
AMAT - Applied Materials
PG - PROCTER & GAMBLE CO
SPLS - Staples, Inc.
KO - COCA COLA CO
GILD - Gilead Sciences, Inc.
MI - MARSHALL & ILSLEY CORP
THC - TENET HEALTHCARE CORP
ABT - ABBOTT LABORATORIES
SLW - Silver Wheaton
SCHW - Charles Schwab Corp
DTV - Directv A
TSN - TYSON FOODS INC CL A
LDK - LDK Solar Co Ltd
CBS - CBS Cl B
MDP - MEREDITH CORP
HRB - BLOCK H & R INC
KBE - SPDR KBW BNK
SYMC - Symantec Corporation
CVS - CVS Caremark Corp
DF - DEAN FOODS INC
RIMM - Research in Motion
MPEL - Melco Crown Adr
EK - EASTMAN KODAK CO
DOW - DOW CHEMICAL CO
CVX - Chevron
DIS - DISNEY CO WALT HLDG CO
LCC - US AIRWAYS GROUP INC
NTAP - NetApp Inc
BIDU - Baidu Inc
COP - ConocoPhillips
JDSU - JDS Uniphase Corporation
CMCSK - Comcast Corporation
SLE - SARA LEE CORP
HK - Petrohawk Energy
AMR - A M R CORP
WAG - WALGREEN CO
CLX - CLOROX CO
SVU - SUPERVALU INC
TWX - AMERICA ONLINE INC
V - VISA Inc
SBUX - Starbucks Corporation
RDN - RADIAN GROUP INC
ABX - BARRICK GOLD CORP
TEVA - Teva Pharmaceutical
AAI - AirTran Holdings, Inc
MET - METLIFE INC
JBL - JABIL CIRCUIT INC
MYL - Mylan Inc
NFLX - Netflix, Inc.
ALTR - Altera Corporation
LNC - LINCOLN NATIONAL CORP
ERTS - Electronic Arts Inc.
COV - Covidien Plc
WY - WEYERHAEUSER CO
AMGN - Amgen Inc.
SLB - SCHLUMBERGER LTD
TGT - TARGET CORP
AMZN - Amazon.com, Inc.
CAT - Caterpillar Inc
EP - EL PASO CORP
ANN - ANNTAYLOR STORES CORP
GNW - GENWORTH FINCL INC
GG - GOLDCORP INC
FNSR - Finisar Corporation
LUV - SOUTHWEST AIRLINES CO
DUK - DUKE ENERGY CORP
TLAB - Tellabs, Inc.
CY - Cypress Semiconductor
FLEX - Flextronics International
ZION - Zions Bancorporation
IP - INTERNATIONAL PAPER CO
BTU - PEABODY ENERGY CORP
KRE - SPDR KBW RGL BK
STJ - ST JUDE MEDICAL INC
ESRX - Express Scripts, Inc.
KOG - KODIAK OIL & GAS CP
AMTD - TS Ameritrade Holdings
TJX - TJX COMPANIES INC
MNKD - MANNKIND CP
WIN - Windstream Corp
UPS - UPS
URBN - Urban Outfitters, Inc.
STEC - STEC Inc
AON - AON CORP
ARUN - Aruba Networks Inc
CLWR - Clearwire Corp
TGB - Taseko Mines Ltd NPL
UBS - UBS AG
HUN - HUNTSMAN CORPORATION

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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