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Monday, February 07, 2011 

Top stock picks to watch on Tuesday, 08 February

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I have followed InterDigital, Inc. (NASDAQ:IDCC)  for sometime and over the last trading sessions I never seen so many buyers purchasing the stock. The volume over the recent days has dramatically increased. There are some days when the normal average volume is reached in the first hours of trading, which mean someone is accumulating a huge amount of shares for the coming weeks. The On the balance indicator shows exactly this situation. The stock broke out  today of a consolidation base on above average volume, closing at $53.51 for a gain of 5.31%. The technical indicators are looking better now for the stock. Looking at technical chart above we can see MACD crossover and rising OBV which could be very positive for next progress. RSI continues strong. In addition, the price is currently above the 20 day simple moving average, 50 day exponential moving average and 200 day exponential moving average respectively. Overall IDCC is bullish. This momentum could push this stock much higher from here, so keep it on the radar.

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Bank of America Corporation (NYSE:BAC) continued its bullish momentum on Monday.  The stock closed above the key resistance zone at $14.48, signifying that a new short term uptrend is in place. Further rise is expected to $15.25 zone in next several days. Indicators are also showing signs of recovery. Near term support is now located at $14, as long as this level holds, I'd expect the uptrend to continue. Long-term investors may hold with a stop at $13.91.

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MBIA Inc. (NYSE:MBI) - The near-term trend is bearish and the stock faces resistance at $11.18-11.25. A close above this range is a pre-requisite for the reversal of the bearish trend. Technically, the daily chart shows possible new rally as %K line has crossed on top over %D line while ROC is still at oversold level. A close above $11.18 would have positive implications and could push the stock to the 13-13.22 range.

Earnings Announcements for Tuesday

1ST UNITED BANCORP INC FLA - FUBC
Acadia Realty Trust - AKR
vantage Technologies Group, Inc. - AEY
AECOM - ACM
AEROFLEX HLDG CORP - ARX
AGCO - AGCO
ALLOT COMMUNICATIONS LTD - ALLT
Alterra Capital Holdings Limited - ALTE
America Movil, S.A. de C.V. - AMX
American Axle & Manufacturing Holdings - AXL
AMERICAN CAPITAL AGENCY CORP - AGNC
American Science and Engineering - ASEI
Amtech Systems - ASYS
Andersons Inc - ANDE
ANIMAL HEALTH INTERNATIONAL INC - AHII
ArcelorMittal - MT
Arlington Asset Investment Corp - AI
Aspen Technology - AZPN
Astronics - ATRO
Atmel Corporation - ATML
Atmos Energy Corporation - ATO
Avon Products Inc. - AVP
Axis Capital Holdings Limited - AXS
B&H Ocean Carriers Limited - BHO
Beasley Broadcast Group, Inc - BBGI
Beazer Homes USA Inc. - BZH
Belo - BLC0
Broadridge Financial Solutions, Inc. - BR
Buffalo Wild Wings, Inc. - BWLD
CBL & Associates Properties, Inc. - CBL
Centene Corporation - CNC
Centerstate Banks of FL. - CSFL
Cerner Corporation - CERN
Charles River Laboratories International, Inc. - CRL
CHINA INFRASTRUCTURE INVT CORP - CIIC
CHINA XD PLASTICS CO LTD - CXDC
Cimatron Limited - CIMT
Cinedigm Digital Cinema Corp - CIDM
Collectors Universe Inc. - CLCT
COMMONWEALTH BANKSHARES INC - CWBS
Compass Minerals - CMP
Comstock Resources, Inc. - CRK
Coventry Health Care, Inc - CVH
CSG Systems, Inc. - CSGS
DCT Industrial Trust Inc - DCT
Deltek Inc. - PROJ
Douglas Emmett Inc - DEI
drugstore.com - DSCM
Duoyuan Global Water Inc. - DGW
DUPONT FABROS TECHNOLOGY INC - DFT
EarthLink - ELNK
Edac Technologies - EDAC
Elan Corporation, plc - ELN
Entercom Communications - ETM
Entergy - ETR
Exide - XIDE
Fidelity National Information - FIS
FIRST FED NORTHN MICH BANCORP - FFNM
FIRST PACTRUST BANCORP INC - FPTB
Flowers Foods - FLO
Gaylord Entertainment Co. - GET
General Cable Corporation - BGC
Genesee&Wyoming - GWR
Genomic Health, Inc. - GHDX
Gildan Activewear - GIL
Globecomm Systems Inc. - GCOM
HHGregg, Inc. - HGG
IKONICS CORP - IKNX
Illumina, Inc. - ILMN
Intellipharmaceutics International Inc. - IPCI
Jeffersonville Bancorp - JFBC
Kenexa - KNXA
Kforce, Inc. - KFRC
Knightsbridge - VLCCF
Learning Tree International - LTRE
Liberty Property Trust - LRY
Lionbridge Technologies - LIOX
LookSmart Ltd - LOOK
Macerich - MAC
McAfee, Inc. - MFE
MediaMind Technologies - MDMD
MEDIDATA SOLUTIONS INC - MDSO
Motricity - MOTR
National Financial Partners - NFP
National Research Corporation - NRCI
NETGEAR, Inc. - NTGR
NISKA GAS STORAGE PARTNERS LLC - NKA
NYSE Euronext - NYX
OPENTABLE INC - OPEN
Park City Group - PCYG
Pharmaceutical Product Development - PPDI
Pitney Bowes Inc. - PBI
Platinum Underwriters Holdings Ltd - PTP
Post Properties, Inc - PPS
Potlatch - PCH
PRIMERICA INC - PRI
QuickLogic Corp. - QUIK
Ralcorp Holdings, Inc. - RAH
RenaissanceRe Holdings - RNR
Rentrak Corporation - RENT
RG Barry Corp - DFZ
Roadrunner Transportation Systems, Inc. - RRTS
RSC Holdings Inc - RRR
Sara Lee - SLE
Savvis, Inc. - SVVS
Seattle Genetics - SGEN
Shinhan Financial Group Co. Ltd. - SHG
Sierra Wireless, Inc - SWIR
SILVERCORP METALS INC - SVM
SRA International, Inc. - SRX
Stepan Co. - SCL
STERIS Corporation - STE
SYNTHESIS ENERGY SYS INC - SYMX
Take-Two Interactive Software - TTWO
TEAM HEALTH HOLDINGS INC - TMH
Technology Research - TRCI
Teck Resources Limited - TCK
Temple-Inland Inc. - TIN
Teva Pharmaceutical - TEVA
The McClatchy Company - MNI
The Pantry Inc. - PTRY
Timeweave plc - TMW
TORTOISE ENERGY CAP CORP - TYY
Toyota Motor Corporation - TM
TranSwitch - TXCC
tw telecom inc. - TWTC
TWO HARBORS INVESTMENT CORP - TWO
UBS - UBS
Ultimate Software - ULTI
United Security Bancshares - UBFO
Universal Corporation - UVV
USANA Health Sciences - USNA
ViaSat - VSAT
Viasystems Group, Inc. - VIAS
Vishay Intertechnology, Inc. - VSH
Vocus, Inc. - VOCS
Wabash National - WNC
Walt Disney - DIS
Warner Music Group - WMG
Waste Connections - WCN
Westport Innovations - WPRT
XL Group plc - XL
ZION OIL & GAS INC - ZN

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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