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Tuesday, January 11, 2011 

Top Trade Ideas for Wednesday, January 12

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JPMorgan Chase & Co. (NYSE:JPM) didn’t make significant technical move today. On the technical daily chart above we can see price still moves inside an uptrend channel from late November. On the upside, $45.02 remains the nearest upside target especially if price able to move consistently above $43 area. All Technical indicators are pointing to the upside.  The MACD is positive and above the signal line. RSI is moving up and above its 50% level. In addition its 50 day moving average has crossed on top of 200 day moving average this month forming the Golden Cross, which is a strong indicator of a bullish market. JPMorgan Chase & Co. looks very bullish on charts. 

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Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) - Company insiders are buying the stock. This activity is a always a good sign. I'm expecting a breakout above resistance level and a run into the high 26s if not 29.
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A123 Systems, Inc. (NASDAQ:AONE) broke out above the major trendline resistance on heavy volume, I like the idea of getting long here with a stop below the 200 day.

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Intel Corporation (NASDAQ:INTC) - Looking at the technical chart above we can see that the minor bearish channel has been violated to the upside indicating potential bullish correction momentum targeting $22 area.

Other stocks to watch :

Earnings Announcements for Wednesday

BIRKS & MAYORS INC - BMJ
Champion Industries - CHMP
Commtouch Software Ltd. - CTCH
DNB FINL CORP - DNBF
DRAGONWAVE INC - DRWI
Exfo Electro-Optical Engineering - EXFO
HERITAGE-CRYSTAL CLEAN - HCCI
MONARCH FINANCIAL HOLDINGS INC - MNRK
OMEGA NAVIGATION ENTERPRISES - ONAV
Schmitt Industries - SMIT
Skyline - SKY

Unusual volume in today's trading session

NWTT - NW Tech Capital, Inc
GNTA - GENTA INC
AMD - ADVANCED MICRO DVCS
LGTT - LIGATT Security International, Inc.
GWTR - Global Water Technologies
AVTI - Avitar Inc.
SVU - SUPERVALU INC
TXMC - Tirex Corp.
MBI - M B I A INC
TLB - TALBOTS INC
CWNR - Crosswind Renewable
BQI - Oilsands Quest
PMI - P M I GROUP INC
TGB - Taseko Mines Ltd NPL
APOL - Apollo Group, Inc.
ATVE - ActiveCore Technologies Inc.
ELTP - Elite Pharmaceutical
ZLCS - CombinatoRx Inc
EEE - KFX Inc
ATWT - ATWEC Technologies, Inc.
SRSR - Sarissa Resources, Inc.
BCON - Beacon Power Corp
TXHE - Texhoma Energy, Inc.
GSX - Gasco Energy Inc
TSTC - Milestone Capital Inc
SYK - STRYKER CORP
SINA - sina.com
HNHI - H & H Imports Inc
VRNT - Verint Systems Inc.
CNLG - Conolog Corporation
GLUU - Glu Mobile Inc
CAKE - Cheesecake Factory
OCZ - OCZ Technology Group
IGTE - iGate Capital Corporation
TIV - Tri-Valley Corp
SGEN - Seattle Genetics
SHAW - SHAW GROUP INC
NVTL - Novatel Wireless Inc
CRPZ - Convenience Tv
ROIAK - Radio One, Inc.
SHLD - KMart Corp
PLA - Playboy Enterprises
DENN - Denny's Corp
OOIL - OriginOil Inc
PSTI - PLURISTEM LIFE SYS INC
TTII - GoHealth.MD Inc
TUES - Tuesday Morning Corp.
SRX - SRA INTERNATIONAL INC
NEI - Network Engines, Inc
WZE - Wizzard Software Corp
SNN - SMITH AND NEPHEW PLC
ATTUF - Attunity Ltd
GXDX - Genoptix Inc
CAAH - Sense Holdings Inc
UTA - Universal Travel
MFLU - MFIC Corp
HILL - DOT HILL SYSTEMS CORP
AVXT - AVAX Technlogies
IMOS - Chipmos Tech
AVNA - Dynamic I-T Inc
WSTM - Workstream Inc.
NGEN - Nanogen, Inc.

New 52-week High stocks

NVDA - NVIDIA Corporation
MBI - M B I A INC
THC - TENET HEALTHCARE CORP
AAPL - Apple Inc
PCX - Patriot Coal Corp
ATML - Atmel Corporation
SLE - SARA LEE CORP
ONNN - ON Semiconductor Co
MPEL - Melco Crown Adr
CIEN - CIENA Corporation
ICO - INTERNATIONAL COAL
RFMD - RF Micro Devices, Inc.
VLO - VALERO ENERGY CORP NEW
AMRN - Amarin Corporation
DOW - DOW CHEMICAL CO
WAG - WALGREEN CO
MRO - U S X-MARATHON GROUP
IVZ - INVESCO
SINA - sina.com
SLM - USA EDUCATION INC
WMB - WILLIAMS COS INC
ARMH - ARM Holdings, plc
SNDK - SanDisk Corporation
ENTR - Entropic Communication
ARUN - Aruba Networks Inc
UNH - UNITEDHEALTH GROUP INC
STEC - STEC Inc
NI - NISOURCE INC
HES - AMERADA HESS CORP
MTL - MECHEL OAO
LYB - Lyondell Basell Ind
VRNT - Verint Systems Inc.
TLM - TALISMAN ENERGY INC
JCI - JOHNSON CONTROLS INC
NTAP - NetApp Inc
XLNX - Xilinx, Inc

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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