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Wednesday, February 09, 2011 

Stock Market Ideas for Thursday, February 10

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In line with my prior expectation, Toll Brothers, Inc. (NYSE:TOL)  moved up on Wednesday and is testing key resistance currently. Hence, fresh long position is recommended only if the stock climbs above $21.95 with tight stop-loss at $21.34.

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JDS Uniphase Corporation (NASDAQ:JDSU) had a strong day and broke through its resistance line. The volume confirmed the breakout, as it was greater than average. This is what strong stocks generally do in a rebound : break resistance, hold the breakout and continue higher. The technical chart shows a very strong upward momentum as the stock is above the 50 day moving average with both 200 day and 50 day moving average going up. In addition , RSI and MACD also show very bullish signs.
 
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There appears to be marginal downside risk on Bank of America Corporation (NYSE:BAC) from prevailing levels. The near-term trend is bullish and a move to the 15-15.24 range appears likely. The overall trend appears really positive.

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The recent reversal in MBIA Inc. (NYSE:MBI) could be a buy signal. MBI traded down today, but not enough to make me stop watching. The volume was weak compared with recent sessions when prices rose, which means traders are not betting on the downside. I think the stock is still in a consolidation range, waiting to make a big move. This stock is going to have a big move and it should be to the upside.

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The short bullish momentum of GigaMedia Limited (NASDAQ:GIGM) continued today. The stock has recovered nicely and can potentially set-up very well for a swing-trade if the stock breaks through the resistance level at $1.30. Technical indicators are becoming more favorable with MACD and Stochastics starting to turn up. There could be good upside in this trade, so watch GIGM closely tomorrow.

Other stocks to watch :

Cell Therapeutics, Inc. (NASDAQ:CTIC) stock continues to hold $.35 but seems to have stalled here. A break below from this point forward would be very bearish. 
 
Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) - I still like the stock for long term prospects.

Earnings Announcements for Thursday

3SBIO INC - SSRX
Acorn Energy, Inc. - ACFN
Albany International Corp - AIN
Alcatel-Lucent - ALU
Alexion Pharmaceuticals - ALXN
ALIMERA SCIENCES INC - ALIM
AllianceBernstein Holding L.P. - AB
Alliant Energy - LNT
ALUMINA LTD - AWC
Ambassadors Group, Inc. - EPAX
AptarGroup - ATR
Arrowhead Research Corp. - ARWR
Atheros Communications, Inc. - ATHR
Auxilium Pharmaceuticals, Inc. - AUXL
Baldwin Technology - BLD
BankAtlantic Bancorp - BBX
BCE, Inc - BCE
Bel Fuse Inc. - BELFB
BioCryst Pharmaceuticals - BCRX
BJ's Restaurants, Inc. - BJRI
Blue Nile, Inc. - NILE
BorgWarner, Inc. - BWA
Bunge Limited - BG
California Pizza Kitchen - CPKI
Cambrex - CBM
CARDTRONICS INC - CATM
CBOE HOLDINGS INC - CBOE
Cephalon, Inc. - CEPH
Chipotle Mexican Grill, Inc. - CMG
CITIZENS & NORTHN CORP - CZNC
Cognex - CGNX
CONVERTED ORGANICS INC - COIN
COPA HOLDINGS SA - CPA
Credit Suisse Group - CS
Curis - CRIS
CVD Equipment Corp. - CVV
DaVita - DVA
DRDGOLD Limited - DROOY
Dynex Capital - DX
Eastern Insurance Holdings Inc - EIHI
Echelon Corporation - ELON
Cana Corporation - ECA
ENERSYS - ENS
ENVESTNET INC - ENV
Evans Bancorp, Inc. - EVBN
Evolution Petroleum Corporation - EPM
Expedia, Inc.EXPE
EZchip Semiconductor Ltd. - EZCH
FalconStor Software Inc. - FALC
FIRST ADVANTAGE BANCORP - FABK
First Federal Bancshares Arkansas - FFBH
Forrester Research - FORR
Gleacher & Company, Inc. - GLCH
GLOBAL TRAFFIC NETWORK INC - GNET
GOLUB CAPITAL BDC INC - GBDC
Goodyear Tire & Rubber - GT
Gorman-Rupp - GRC
Graham Packaging Holdings Inc. - GRM
Green Dot Corporation - GDOT
Group 1 Automotive - GPI
Hawaiian Electric Industries, Inc. - HE
Hoku Scientific, Inc. - HOKU
HUDSON PAC PPTYS INC - HPP
IFM Investments Ltd - CTC
Ikanos Communications, Inc .- IKAN
IKONICS CORP - IKNX
iMergent, Inc. - IIG
Incyte Corporation - INCY
Infinity Pharmaceuticals, Inc. - INFI
Infinity Property And Casualty Corporation - IPCC
Ingram Micro - IM
INLAND REAL ESTATE CORP - IRC
International Flavors & Fragrances - IFF
Interphase - INPH
Iridium Communications Inc. - IRDM
Iteris, Inc. - ITI
Jacada Ltd. - JCDA
Joe's Jeans Inc. - JOEZ
KB FINANCIAL GROUP INC - KB
KONA GRILL INC - KONA
Kraft Foods - KFT
Laboratory Corporation of America - LH
LaBranche & Co Inc. - LAB
Lannett Company, Inc. - LCI
LeapFrog Enterprises, Inc. - LF
LITTELFUSE INC - LFUS
LivePerson - LPSN
Louisiana-Pacific Corp - LPX
Lufkin Industries - LUFK
Mack-Cali Realty Corporation - CLI
MannKind - MNKD
Manulife Financial Corporation - MFC
MEDTOX Scientific, Inc. - MTOX
Mettler-Toledo International - MTD
Molson Coors Brewing Company - TAP
Momenta Pharmaceuticals, Inc. - MNTA
Montpelier Re Holdings Ltd. - MRH
Move, Inc. - MOVE
Nanometrics - NANO
National Bankshares - NKSH
Natural Resource Partners L.P. - NRP
Navios Maritime Acquisition Corporation - NNA
Netsol Technologies - NTWK
Neurocrine Biosciences, Inc. - NBIX
Nobel Learning Communities - NLCI
Noble Energy, Inc. - NBL
Och-Ziff Capital Management Group LLC - OZM
OVERHILL FARMS INC - OFI
Palomar Medical Technologies, Inc. - PMTI
Panera Bread - PNRA
Partner Communications - PTNR
PDF Solutions - PDFS
Penson Worldwide - PNSN
PepsiCo - PEP
Philip Morris International - PM
PIEDMONT OFFICE REALTY TR INC - PDM
Precision Drilling Corp - PDS
Primus Guaranty Ltd. - PRS
Pro-Dex Incorporated - PDEX
Pulse Electronics Corp - PULS
Rackspace Hosting, Inc. - RAX
RADVISION - RVSN
RAIT Financial Trust - RAS
RBC BEARINGS - ROLL
RealNetworks - RNWK
Realty Income Corporation - O
Rentech Incorporated - RTK
Republic Services, Inc. - RSG
Rio Tinto plc - RIO
Scripps Networks Interactive Inc - SNI
ShangPharma Corporation - SHP
Smith & Nephew - SNN
Spectrum Brands - SPB
Spirit AeroSystems Holdings, Inc - SPR
Sprint Nextel Corporation - S
Stamps.com - STMP
Syntel, Inc. - SYNT
Syntroleum - SYNM
TAL International Group - TAL
Targacept, Inc. - TRGT
Taubman Centers - TCO
TC PipeLines, LP - TCLP
Technology Research - TRCI
Tekelec - TKLC
Telecom Corporation Of New Zealand Ltd - NZT
Teradata - TDC
TEXTAINER GROUP HLDGS LTD - TGH
TFS Financial Corp - TFSL
The Cheesecake Factory - CAKE
The Knot - KNOT
The Phoenix Companies, Inc. - PNX
Thermogenesis - KOOL
Thomson Reuters Corporation - TRI
TORTOISE ENERGY CAP CORP - TYY
Transportadora de Gas del Sur S.A. - TGS
TreeHouse Foods, Inc. - THS
TTM Technologies - TTMI
United Stationers Inc. - USTR
VALIDUS HOLDINGS LTD - VR
Vanda Pharmaceuticals Inc. - VNDA
Vermillion, Inc. - VRML
Vical Inc. - VICL
Vitran Corporation - VTNC
W.R. Grace & Co. - GRA
World Wrestling Entertainment Inc. - WWE
Wright Express Corporation - WXS
Wright Medical Group, Inc. - WMGI
Wynn Resorts, Limited - WYNN

Unusual volume in today's trading session

UNDT - Universal Detection Technology
ISIM - Insight Management
OLNK - OneLink Corporation
HESV - Home Energy Savings Corp.
HIRU - Hiru Corporation
NYX - NYSE EURONEXT INC
DPER - Deep Earth Resources, Inc.
MOTR - Motricity Inc
IR - INGERSOLL RAND CO
SMSI - Smith Micro Software
WYN - Wyndham Worldwide WI
CSC - COMPUTER SCIENCES CORP
BIOF - BioFuel Energy Corp
TIVO - TiVo Inc.
XMDC - XTend Medical Corporation
OPXT - Opnext Inc
UL - Unilever PLC
SWIR - Sierra Wireless, Inc.
LYJN - Lyric Jeans, Inc
NVAE - Svnna Est Africa
FRGY - Frontier Energy Corporation
VQ - Venoco Inc
CBOE - CBOE Holdings Inc
WNC - WABASH NATIONAL CORP
OPEN - Opentable Inc
CLKZ - Clicker Inc
CABN - Carbon Sciences Inc
XETA - XETA Technologies
RVI - VALUE CITY DEPT STORES
VTMS - QualSec
XSRAY - Xstrata PLC
BGC - General Cable Corp
RL - POLO RALPH LAUREN CORP
NEON - SBE, Inc.
PPTO - Precision Petroleum
PLAB - Photronics, Inc.
LTHU - Lithium Technology
NVTL - Novatel Wireless Inc
PHUN - PETROHUNTER ENERGY
GBNK - CENTENNIAL BANK HOLD
DSW - DSW INC
WPRT - Westport Innovations
BWLD - BUFFALO WILD WINGS INC

New Highs

GE - GENERAL ELECTRIC CO
MU - Micron Technology
EMC - EMC CORP
DIS - DISNEY CO WALT HLDG CO
ATML - Atmel Corporation
NYX - NYSE EURONEXT INC
JDSU - JDS Uniphase Corporation
AAPL - Apple
NWSA - News Corp Ltd
QCOM - QUALCOMM Incorporated
VLO - VALERO ENERGY CORP NEW
BIDU - Baidu Inc
TWX - AMERICA ONLINE INC
TTWO - Take-Two Interactive
CIEN - CIENA Corporation
MOS - Mosaic Co
HTZ - Hertz Global Holdings
JCP - PENNEY J C CO INC
AGU - AGRIUM INC
CHKP - Check Point Software
WNC - WABASH NATIONAL CORP
OPEN - Opentable Inc
UBS - UBS AG
WU - Western Union
STJ - ST JUDE MEDICAL INC
CF - CF INDUSTRIES HOLDINGS
NFLX - Netflix, Inc.
VOD - Vodafone Gp Plc
BGC - General Cable Corp
KFN - KKR Financial Hldg
STI - SUNTRUST BANKS INC
RL - POLO RALPH LAUREN CORP
PLAB - Photronics, Inc.
MTW - MANITOWOC CO INC
NTAP - NetApp Inc
TRV - The Travelers Co
LULU - lululemon athleticals
DE - DEERE & CO

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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