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Wednesday, January 12, 2011 

Top Trade Ideas for Thursday, January 13

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JPMorgan Chase & Co. (NYSE:JPM)  looks strong as it is trading well above its short term moving average with rising RSI and MACD which indicates bullishness in the stock. Going forward I expect price to move up to the levels of $46 with a stop loss below $43. The immediate resistance appears at $44.95.

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The Accumulation/Distribution indicator is moving up, which means the buyers are driving the price move and the stock is being accumulated. The outlook for Electronic Arts Inc. (NASDAQ:ERTS) is positive as long as it stays above $15.79 ( 50-day moving average ). The stock finds an immediate resistance at $16.46 ( 200-DMA ) and support at $15.30. Only a close below this level would change the outlook negative for the stock.

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A123 Systems, Inc. (NASDAQ:AONE) proved extreme strength again today as this broke out above its latest consolidation pattern on increased volume. If the current trend sustains, the stock could reach $12.30 in short-term.

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DryShips Inc. (NASDAQ:DRYS) has been moving in a narrow band between $5.16 and $5.61. At this stage, only a move away from this zone will make a clear trend for the stock. The immediate support appears to be 5.15-5.20 and a close below this could weaken it towards its major support zone of $5. On a move above $5.61, the immediate resistance (on a closing day basis), could trigger fresh momentum to this stock. In that event, DryShips Inc. has the potential to reach $6 and might even to $6.45.

The following list show stocks whose MFI (15) has been increasing over the last 2 trading sessions

BAC - BANK OF AMERICA CORP
NVDA - NVIDIA Corporation
GE - GENERAL ELECTRIC CO
JPM - JP Morgan and Co Inc
WFC - WELLS FARGO & CO
YHOO - Yahoo! Inc
TGB - Taseko Mines Ltd NPL
PCX - Patriot Coal Corp
DRYS - DRYSHIPS INC
JASO - JA Solar Holdings C
ONNN - ON Semiconductor Co.
MPEL - Melco Crown Adr
CIEN - CIENA Corporation
RDN - RADIAN GROUP INC
EBAY - eBay Inc.
IP - INTERNATIONAL PAPER CO
AUY - YAMANA GOLD INC
TGT - TARGET CORP
AMRN - Amarin Corporation
DOW - DOW CHEMICAL CO
WY - WEYERHAEUSER CO
CVX - Chevron
ABX - BARRICK GOLD CORP
LDK - LDK Solar Co Ltd
DIS - DISNEY CO WALT HLDG CO
BBY - BEST BUY CO INC
ARMH - ARM Holdings, plc
IPG - INTERPUBLIC GRP OF COS
AXP - AMERICAN EXPRESS CO
GG - GOLDCORP INC
NEM - NEWMONT MINING CORP
BBT - BB&T CORPORATION
ARUN - Aruba Networks Inc
SOL - Renesola Ltd
BTU - PEABODY ENERGY CORP
UNH - UNITEDHEALTH GROUP INC
STEC - STEC Inc
CAT - Caterpillar Inc
BRCM - Broadcom Corporation
YGE - Yingli Green Energy
ECA - EnCana Corp
SU - SUNCOR ENERGY INC
HK - Petrohawk Energy
LYB - Lyondell Basell Ind
VRNT - Verint Systems Inc.
LMT - LOCKHEED MARTIN CORP
DNR - DENBURY RESOURCES INC
KSS - KOHLS CORP
COH - Coach Inc
APC - ANADARKO PETROLEUM
CNQ - Canadian Natural Resources
TIF - TIFFANY AND CO
JCI - JOHNSON CONTROLS INC
CNX - CONSOL Energy Inc
BCS - BARCLAYS P L C
NOV - NATIONAL OILWELL INC
XLNX - Xilinx, Inc.
TQNT - TriQuint Semiconductor
VIA.B - Viacom Inc Class B
EMR - EMERSON ELECTRIC CO
ACAS - American Cap Ltd
HUN - HUNTSMAN CORPORATION
TIBX - TIBCO Software, Inc.
OCZ - OCZ Technology Group
CNP - CenterPoint Energy Inc
DVN - Devon Energy Cp
NRG - NRG Energy Inc
BX - Blackstone Group LP
SWKS - SKYWORKS SOLUTNS
DISH - Dish Network A
TSL - Trina Solar Ltd
TYC - TYCO INTL LTD
BAX - BAXTER INTERNATIONA
CAG - CONAGRA INC
SHAW - SHAW GROUP INC
UTX - UNITED TECHNOLOGIES
SGEN - Seattle Genetics
DE - DEERE & CO
SE - SPECTRA ENERGY CORP
RRC - Range Resources Corp
FWLT - Foster Wheelr Ag
CCE - Coca Cola Ent
TRV - The Travelers Co
CSX - C S X CORP
DAN - Dana Corp
BHP - BHP Billiton Ltd
CRUS - Cirrus Logic, Inc.
HBC - HSBC Holdings PLC
EOG - EOG Resourses
BPZ - BPZ Resources
MFA - Mfa Financial
FRX - FOREST LABORATORIES
SOLR - GT Solar International
CY - Cypress Semiconductor
SOLF - Solarfun Power Holdings
WLP - Wellpoint Inc
DOX - AMDOCS LTD
REDF - Rediff Com
AET - AETNA INC
UNP - UNION PACIFIC CORP
TIVO - TiVo Inc.
MBT - MOBIL TELESYSTEMS
SHLD - KMart Corp
ZAGG - Zagg Incorporated
MSPD - MINDSPEED TECHNOLOGIES
PAY - Verifone Systems
SKS - SAKS INC
PWR - QUANTA SVCS INC
GCI - GANNETT CO INC
BEXP - Brigham Exploration Co
NVLS - Novellus Systems, Inc.
OCR - OMNICARE INC
BZ - Boise, Inc.
MCO - Moody's Corp
PCL - PLUM CREEK TIMBER CO
CAR - Avis Budget Group Inc
RIO - RIO TINTO P L C
SRX - SRA INTERNATIONAL INC
HLS - HEALTHSOUTH Corp.
CSIQ - Canadian Solar Inc
NUAN - Nuance Communications

Earnings Announcements for Thursday

Adams Express - ADX
American Claims Evaluation - ALRN
B&H Ocean Carriers Limited - BHO
Charles River Associates - CRAI
Commerce Bancshares, Inc. - CBSH
CYCLE CTRY ACCESSORIES CORP - ATCN
ENVOY CAPITAL GROUP INC - ECGI
GameTech International - GMTC
Infosys Technologies LTD - INFY
Intel Corporation - INTC
Jewett-Cameron Trading - JCTCF
POSCO - PKX
Sealy Corp. - ZZ
Shaw Communications - SJR
Shuffle Master, Inc. - SHFL
Star Buffet - STRZ
TeamStaff, Inc. - TSTF

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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