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Friday, February 18, 2011 

4 Stocks Gaining Momentum

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Hyperdynamics Corporation (AMEX:HDY) is in the process of re-testing its $7.78 level, after which there's no near-term resistance left in sight. MACD just popped above the signal line and stochastics look solid, momentum is building !!

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LSI Corporation (NYSE:LSI), continuing the momentum from its 2.91% surge on Thursday, today broke above a key resistance area, closing at 6.75, which is the highest close in more than 10 months. This breakout brings high probability for a trend continuation. Next week we could see extension of this new momentum towards $7 area.

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Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB), after nearly seven months of consolidation in $17-$22 trading range, broke out today from a rectangle pattern, jumping $2.64 or 12.50% on solid volume. The stock closed at $23.76, the highest close since June 2010.I expect continuation of current momentum in the next few trading days toward the 24-26 area. Fresh exposures may be considered on price weakness, with a stop-loss at $22.60. A close above $24.41 may be used to enhance exposures.

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My next trade idea has been trading around its 50-day moving average in the last trading sessions and the stock appears to have successfully reversed its recent downtrend. Take a look at the chart above because, technically speaking, MMI has some noticeable indicators suggesting that the stock is ready to make a move. Accumulation on this stock remains elevated, even after the downtrend, which indicates there are traders out there who refused to sell their shares on the way down and may have even been adding to their positions. RSI looks like it's on the edge of crossing back over 50% level and stochastics are edging out of oversold range as well. However the stock is still in bear market as MACD and signal line are both below "0". It is better to wait and see if the stock can break above the 50-day moving average located at $30.10. Motorola XOOM will be launched on Feb 24, which will be the world's first tablet to be powered by Android 3.0 (Honeycomb). The Tablet has 10.1-inch Touchscreen. So put Motorola Mobility Holdings, Inc. Common Stock (NYSE:MMI) on your radar screen next week ! In my opinion, share prices are attractive at these levels and the technical setup and fundamental growth prospects look very promising!

Other stocks to watch : 

Earnings Announcements for Monday

Acme United - ACU
AES Corporation - AES
Alexander's - ALX
Alleghany - Y
American Dental Partners - ADPI
Anadys Pharmaceuticals, Inc. - ANDS
Analysts International - ANLY
Angeion Corp - ANGN
Arbor Realty Trust - ABR
ARTS WAY MFG INC - ARTW
Asure Software - ASUR
Atlas Pipeline Holdings, LP - AHD
Atlas Pipeline Partners - APL
B&H Ocean Carriers Limited - BHO
Berry Petroleum Company - BRY
BioScrip - BIOS
Boise Inc. - BZ
Calgon Carbon Corporation - CCC
Carter's, Inc. - CRI
CDC Software - CDCS
China Kanghui Holdings - KH
Choice Hotels International, Inc. - CHH
COMMUNITYSOUTH FINANCIAL CORP - CBSO
Cott Corporation - COT
CPEX PHARMACEUTICALS INC - CPEX
Cross Timbers Royalty Trust - CRT
CVD Equipment Corp. - CVV
Dataram - DRAM
Diamond Hill Investment Group, Inc - DHIL
Digimarc Corporation - DMRC
DORCHESTER MINERALS LP - DMLP
Ducommun - DCO
Dycom Industries - DY
Dynegy Inc. - DYN
ECB Bancorp - ECBE
Edac Technologies - EDAC
Electro-Sensors - ELSE
EPICEPT CORP - EPCT
Escalon Medical - ESMC
FNB United Corp. - FNBN
General Employment Enterprises - JOB
General Maritime Corporation - GMR
Genesis Energy LP - GEL
Geron - GERN
GORDMANS STORES INC - GMAN
Gulf Island Fabrication - GIFI
Harvard Bioscience, Inc. - HBIO
Hugoton Royalty Trust - HGT
Huron Consulting Group Inc - HURN
iCAD, Inc - ICAD
IFM Investments Ltd - CTC
Imperial Oil Limited - IMO
iParty Corp. - IPT
Isle of Capri Casinos - ISLE
KAISER ALUMINUM CORP - KALU
Kansas City Life - KCLI
Kendle - KNDL
Leucadia National - LUK
Lydall - LDL
M&F Worldwide - MFW
Manhattan Bridge Capital, Inc. - LOAN
McCormick & Schmick's Seafood Restaurants, Inc. - MSSR
MDC Partners Inc. - MDCA
Mediacom Communications Corporation - MCCC
Medicis - MRX
MERCER INSURANCE GROUP INC - MIGP
Met-Pro - MPR
MGE Energy, Inc. - MGEE
Monarch Casino & Resort - MCRI
Northern Financial - NSFC
NTELOS Holdings Corp. - NTLS
ONEOK Inc. - OKE
OSIRIS THERAPEUTICS INC NEW - OSIR
Papa Johns International, Inc. - PZZA
PARAGON SHIPPING INC - PRGN
Pegasystems Inc. - PEGA
Pernix Therapeutics Holdings, Inc. - PTX
Psychemedics Corporation - PMD
Range Resources - RRC
RUBICON MINERALS CORP - RBY
Saul Centers - BFS
Seahawk Drilling - HAWK
South Jersey Industries - SJI
Spherix Inc. - SPEX
Star Buffet - STRZ
Strategic Diagnostics - SDIX
STREAM GLOBAL SVCS INC - SGS
SULPHCO INC - SUF
Suntech Power Holdings Co., Ltd. - STP
Superconductor Technologies - SCON
Superior Industries - SUP
Superior Uniform - SGC
Syntroleum - SYNM
Telik, Inc. - TELK
The Dixie Group - DXYN
THE9 LTD - NCTY
Tollgrade Communications - TLGD
TORTOISE ENERGY CAP CORP - TYY
TrioTech - TRT
U.S. Auto Parts Network, Inc. - PRTS
United Capital - AFP
Universal Health Realty Income Trust - UHT
Vicor - VICR
VirtualScopics, Inc. - VSCP
Visteon Corporation - VC
Vornado Realty Trust - VNO
VSE Corporation - VSEC
Winmark Corporation - WINA
XETA Technologies - XETA

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

BRCD - Brocade Communications
WMB - WILLIAMS COS INC
PFE - PFIZER INC.
NTAP - NetApp Inc
GLW - CORNING INC
DUK - DUKE ENERGY CORP
CBS - CBS Cl B
NBR - Nabors Industries Inc
AXP - AMERICAN EXPRESS CO
ABX - BARRICK GOLD CORP
ODP - OFFICE DEPOT INC
KR - KROGER CO
ESRX - Express Scripts, Inc.
SWY - SAFEWAY INC
ECL - ECOLAB INC
IVZ - INVESCO LTD
CSTR - Coinstar, Inc.
APC - ANADARKO PETROLEUM
NFX - NEWFIELD EXPLORATION
YGE - Yingli Green Energy
SKX - SKECHERS USA INC
MCP - Molycorp Inc
MBT - MOBIL TELESYSTEMS
BPZ - BPZ Resources
ITRI - Itron, Inc.
VCI - VALASSIS COMM INC
PNK - PINNACLE ENTERTAINMENT
TCB - T C F FINANCIAL CORP
UTX - UNITED TECHNOLOGIES
CAR - Avis Budget Group Inc
FO - FORTUNE BRANDS INC
KEG - Key Energy Services
CCL - CARNIVAL CORP
NKE - NIKE INC CL B
HUM - HUMANA INC
BBBY - Bed Bath & Beyond Inc.
SRE - SEMPRA ENERGY
SPB - Spectrm Brnd Hld
FICO - Fair Isaac Inc
RRD - Donnelley (RR) & Sons
HBI - HANESBRANDS INC
RSH - RADIOSHACK CORP
SMOD - SMART MODULAR TEC
CPX - COMPLETE PRODUCTION
LEA - Lear Corporation
SJM - Smucker JM Co
NTRI - Nutri/System Inc
ZMH - ZIMMER HOLDINGS INC
SYK - STRYKER CORP
ALR - Alere Inc
COG - CABOT OIL & GAS CORP
GRMN - Garmin Ltd
SCS - STEELCASE INC
AINV - APOLLO INVT CORP
ROC - ROCKWOOD HOLDINGS INC
NR - NEWPARK RESOURCES INC
IRM - IRON MOUNTAIN INC
EQT - EQT Corporation
IT - GARTNER GROUP INC
SOHU - Sohu.com Inc.
GMO - General Moly Inc
ICON - Candie's, Inc.
JCG - J CREW GROUP INC
HOC - Holly Cp
AZPN - Aspen Technology, Inc.
RES - R P C INC
CE - CELANESE CORPORATION
REXX - Rex Energy Corp
VQ - Venoco Inc
IACI - IAC InterActiveCorp
KBR - KBR Inc
UPL - ULTRA PETROLEUM CP
CVG - CONVERGYS CORP
AGP - AMERIGROUP Corp
BAM - Brookfield Asset
GDP - GOODRICH PETE CORP NEW 2
GTE - GRAN TIERRA ENERGY
SGEN - Seattle Genetics
SHPGY - Shire Plc Ads
DPZ - DOMINO'S PIZZA INC
BCE - B C E INC
AMLN - Amylin Pharmaceutical
GRA - GRACE W R & CO NEW
FTE - France Telecom ADS
GR - BF GOODRICH CO
NXTM - NXSTAGE MEDICAL INC
HLF - HERBALIFE LTD
AFFY - Affymax Inc
GXP - Great Plains Energy
WMS - W M S INDUSTRIES INC
FGP - FERRELLGAS PARTNERS
SYNT - Syntel, Inc.
ESI - I T T EDUCATIONAL SVCS
PODD - Insulet Corp
FRED - Fred's, Inc.
OCN - OCWEN FINANCIAL CORP
ULBI - Ultralife Corp
AMRC - Ameresco Inc
IRDM - Iridium Comm Inc
RCII - Rent-A-Center Inc.
HANS - Hansen Natural Corp
POOL - Pool Corp
FCN - FTI Consulting Inc
OGE - O G E ENERGY CORP
SNA - SNAP ON INC HOLDING CO
KBW - KBW Inc
TYPE - Monotype Imaging
COSWF - Canadn Oil Sands
IMO - Imperial Oil Ltd
SFL - SHIP FINANCE INTL LTD
LPNT - LifePoint Hospitals.
NPO - ENPRO INDUSTRIES INC

New 52-week High stocks

ORCL - Oracle Corporation
CMCSA - Comcast Corporation
ST - Sensata Technologies
CBS - CBS Cl B
AMTD - TS Ameritrade Holdings
ARUN - Aruba Networks Inc
QCOM - QUALCOMM Incorporated
LSI - LSI Corp
HD - HOME DEPOT INC
TWX - AMERICA ONLINE INC
KV.A - K-V Pharmaceutical Co
CVX - Chevron
NWSA - News Corp Ltd
SU - SUNCOR ENERGY INC
INTU - Intuit Inc.
CAT - Caterpillar Inc
COP - ConocoPhillips
SLB - SCHLUMBERGER LTD
TXN - TEXAS INSTRUMENTS INC
SBUX - Starbucks Corporation
IP - INTERNATIONAL PAPER CO
XL - Xl Group Plc
DOW - DOW CHEMICAL CO
OXY - OCCIDENTAL PETROLEUM
ALTR - Altera Corporation
PM - Philip Morris International
TRV - The Travelers Co
APC - ANADARKO PETROLEUM
JCI - JOHNSON CONTROLS INC
KEG - Key Energy Services
JWN - NORDSTROM INC
WU - Western Union
UPS - UPS
CMCSK - Comcast Corporation
BHI - BAKER HUGHES INC
EMR - EMERSON ELECTRIC CO
SYMC - Symantec Corporation
IPG - INTERPUBLIC GRP OF COS
TLM - TALISMAN ENERGY INC
SUN - SUNOCO INC
VMED - Virgin Media Inc
STJ - ST JUDE MEDICAL INC
CHKP - Check Point Software
BZ - Boise, Inc.
VOD - Vodafone Gp Plc
ACE - Ace Ltd
ZMH - ZIMMER HOLDINGS INC
COF - CAPITAL ONE FNCL CORP
CVE - Cenovus Energy Inc
SYK - STRYKER 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.  

Have a nice weekend !!

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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