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Thursday, January 06, 2011 

Trade Ideas for Friday, January 07

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Affymax, Inc. (NASDAQ:AFFY) has a lot of fundamental and technical factors suggesting it is ready to move to much higher levels. The stock opened flat at $6.61 but it exploded to the upside in the afternoon and closed at the high. The fact that the stock was up in a down market, confirms to us, that there are buyers in AFFY. The volume was also good. Looking at the technical chart, the stock broke out of a small consolidation range that was set between the $6.50 and the $6.9 level. I'll be watching the stock tomorrow for a continuation of this breakout. A possible test of last month high at $7.75 is very likely. The short term trend is still bullish with stock trading above 20 day and 50 day moving averages with MACD on top of signal line and %K line on top of %D line. Volume has been rising with prices and the on-balance volume is also moving higher. The stock has been experiencing strong support at this levels, thus representing confidence and an increased potential to experience an appreciation in market value. On the fundamentals side, the company is debt free and has $4.14 in cash per share. AFFY could be on the verge of making a strong move to the upside...so keep watching the stock.

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Borders Group, Inc. (NYSE:BGP) is trading higher after hours, on reports that the company is in discussions with restructuring advisers about how to rework its debt-heavy balance sheet. I'm expecting it to gap up tomorrow morning.

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Toll Brothers, Inc. (NYSE:TOL) broke out today above a major resistance point. Short-term technical indicators are improving and the MACD on the daily chart recently produced a new buy signal. If the stock can break today’s high of $20.95, we should see a strong follow through move. TOL will move very quickly, so keep a very close eye on the stock.

Other stocks to watch :

Earnings Announcements for Friday

AEROFLEX HLDG CORP - ARX
AZZ Incorporated - AZZ
Champion Industries - CHMP
CHASE CORP - CCF
CPEX PHARMACEUTICALS INC - CPEX
DIALOGIC INC - DLGC
Elmira Savings Bank - ESBK
GameTech International - GMTC
KB Home - KBH
Onstream Media - ONSM
Peoples Educational Holdings, Inc. - PEDH
PriceSmart, Inc. - PSMT
Robbins & Myers - RBN
SEVEN ARTS PICTURES PLC - SAPX
Star Buffet - STRZ
Texas Industries - TXI
The Greenbrier Companies - GBX

The following list show stocks whose OBV has been increasing over the last 3 trading sessions


BAC - BANK OF AMERICA CORP
F - FORD MOTOR COMPANY
ATHR - ATHEROS COMMUN INC
CSCO - Cisco Systems, Inc.
PFE - PFIZER INC.
JPM - JP Morgan and Co Inc
AA - ALCOA INC
WFC - WELLS FARGO & CO
MU - Micron Technology
VZ - Verizon Comm
T - AT&T Inc
QCOM - QUALCOMM Incorporated
AMR - A M R CORP
DIS - DISNEY CO WALT HLDG CO
HPQ - HEWLETT-PACKARD CO
AMD - ADVANCED MICRO DVCS
DELL - Dell Inc
BBY - BEST BUY CO INC
VALE - Vale S A ADR
RIMM - Research in Motion
PCS - MetroPcs Communication
CMCSA - Comcast Corporation
MS - Morgan Stanley Dean
MRK - Merck & Co
BRCD - Brocade Communication
BP - BP AMOCO ADS
GILD - Gilead Sciences, Inc.
AXP - AMERICAN EXPRESS CO
GEN - Rri Energy Inc
ATML - Atmel Corporation
TWX - AMERICA ONLINE INC
V - VISA Inc
PCX - Patriot Coal Corp
AES - A E S CORP
SYMC - Symantec Corporation
BIDU - Baidu Inc
DTV - Directv A
WAG - WALGREEN CO
RDN - RADIAN GROUP INC
HIG - Hartford Financial
TIVO - TiVo Inc.
TQNT - TriQuint Semiconductor
ADBE - Adobe Systems Incor
CIEN - CIENA Corporation
THC - TENET HEALTHCARE CORP
CMCSK - Comcast Corporation
AET - AETNA INC
SOLR - GT Solar International
ARMH - ARM Holdings, plc
JCI - JOHNSON CONTROLS INC
MGA - MAGNA INTL INC CL A
POT - POTASH CORP SASKATC
BA - BOEING CO
MPEL - Melco Crown Adr
EXC - EXELON CORPORATION
DAN - Dana Corp
ELN - ELAN CORP P L C
HK - Petrohawk Energy
ANR - ALPHA NATURAL RESOURCES
NUAN - Nuance Communications
CLWR - Clearwire Corp A
ROVI - Macrovision Corporation
MTG - M G I C INVT CORP WIS
CTV - COMMSCOPE INC
PWAV - Powerwave Technologies
VIA.B - Viacom Inc Class
CAG - CONAGRA INC
XLNX - Xilinx, Inc.
NYT - New York Times Co
 GS - GOLDMAN SACHS GROUP
HES - AMERADA HESS CORP
CPN - Calpine Corp
MTL - MECHEL OAO
MEE - Massey Energy Co
LNC - LINCOLN NATIONAL CORP
VRX - Valeant Pharmaceutical
 HBC - HSBC Holdings PLC
SWKS - SKYWORKS SOLUTNS
SATC - SatCon Technology C.
CCL - CARNIVAL CORP
LYG - Lloyds Bankg Grp
CRUS - Cirrus Logic, Inc.
AMZN - Amazon.com, Inc.
APA - APACHE CORP
MCK - MCKESSON HBOC INC
STP - SUNTECH POWER HOLDINGS
VSH - Vishay Intertechnology
TYC - TYCO INTL LTD
BCS - BARCLAYS P L C
UTX - UNITED TECHNOLOGIES
FE - FIRSTENERGY CORP
ARUN - Aruba Networks Inc
YGE - Yingli Green Energy
WYNN - Wynn Resorts LTD
FNSR - Finisar Corporation  3
WLP - Wellpoint Inc
MDRX - Allscript Health
WLT - Walter Energy
SE - SPECTRA ENERGY CORP
BZ - Boise, Inc.
NTRS - Northern Trust Corp
CTRP - CTRIP.COM INTL LTD ADS
LPX - LOUISIANA PACIFIC CORP
CVC - CABLEVISION SYSTEMS
LLNW - Limelight Networks Inc
NETL - Netlogic Microsystems
AZN - ASTRAZENECA PLC
ITMN - InterMune Pharmaceutical
AGO - ASSURED GUARANTY LTD
NYX - NYSE EURONEXT INC
CAVM - Cavium Networks Inc
SPWRA - SUNPOWER CORPORATION
ELNK - EarthLink, Inc.
DYN - Dynegy Delaware Inc
CSC - COMPUTER SCIENCES CORP
TRW - TRW AUTOMOTIVE HLDG
URI - UNITED RENTALS INC
RAI - RJ Reynolds Tobacco
AMX - America Movil SA
VMW - VMWARE INC CLASS A
PL - PROTECTIVE LIFE CORP
NI - NISOURCE INC
OMC - OMNICOM GROUP INC
EQT - EQT Corporation
IVN - IVANHOE MINES LTD ORD
NOC - NORTHROP GRUMMAN CORP
AAI - AirTran Holdings, Inc
AYE - ALLEGHENY ENERGY INC
SIMG - Silicon Image, Inc.
KFN - KKR Financial Hldg
PBI - PITNEY BOWES INC
ARTG - Art Technology Group
SOA - Solutia Inc
MHP - MCGRAW HILL COS INC
EMN - EASTMAN CHEMICAL CO
FTNT - Fortinet Inc
OI - OWENS ILLINOIS INC
ATLS - Atlas Energy Inc
CSIQ - Canadian Solar Inc
ACOM - Ancestry.com Inc
AOD - ALPINE TOTAL DYNAMIC  6
DSX - DIANA SHIPPING INC
ALR - Alere Inc
MDP - MEREDITH CORP
VECO - Veeco Instruments Inc.
SPMD - SuperMedia Inc
TTWO - Take-Two Interactive
WCRX - Wrner Chil Plc A
CS - CREDIT SUISSE GROUP
DB - DEUTSCHE BANK AG
ASIA - Asiainfo Linkage
ASH - ASHLAND INC
WSTL - Westell Technologies
LLL - L3 Comm
DTE - D T E ENERGY CO
 SUG - SOUTHERN UNION CO
BSFT - Broadsoft Inc
HDY - Hyperdynamics Corp
EGLE - Eagle Bulk Shipping
UTHR - United Therapeutics
CHL - China Mobile ltd
BLL - BALL CORP
SOHU - Sohu.com Inc.
CRS - CARPENTER TECH CORP
SCS - STEELCASE INC
NXPI - NXP Semiconductors NV
BKS - BARNES & NOBLE INC
QXM - Qiao Xing Mobile Co.
THQI - THQ Inc.
CHU - CHINA UNICOM LTD
CLGX - FIRST AMERICAN CORP
SFY - SWIFT ENERGY CO
TEN - Tenneco Inc
ZOLL - Zoll Medical Corporation
WTSLA - Wet Seal, Inc. (The)
ASTI - ASCENT SOLAR TECH
ICON - Candie's, Inc.
LKQX - LKQ CP
KEM - Kemet Corp
HSC - HARSCO CORP

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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