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Thursday, March 31, 2011 

4 Trade Ideas for Friday

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The technical chart of Morgan Stanley (NYSE:MS) is very similar to other stocks in the banking sector. The stock has been in a major corrective phase in the recent weeks. The downtrend that commenced in late february appears to have been completed at the latest low of $26.70. The next leg of the uptrend appears to be underway now. The momentum indicators on the daily chart of MS are also giving a buy signal and the share price could move to the short-term target of $28.20-$28.97. This view would be valid as long as the stock holds above $26.64. Have a stop-loss at this level for long positions. 

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Lululemon Athletica inc. (NASDAQ:LULU) - The recent spike in price has pushed the stock into a short-term overbought zone. The implication is that a short-term downward correction could materialise and a test of the support zone at $85-$85.28 appears likely.

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The Technical chart of Cameco Corporation (NYSE:CCJ) is not displaying any signs of strength. It's best to invest in some other sector that has the momentum. There can however, be a short-term bounce to $31.28 or $32.18 levels.

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Research In Motion Limited (NASDAQ:RIMM) - On daily chart, the near-term trend is bearish and the stock faces resistance at $57.90-$58.45. A close above this range is a pre-requisite for the reversal of the bearish trend. Stop-loss for long positions may be placed at $55.59.

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Other stocks to watch :

Unusual volume in today's trading session

RELM - Relm Holdings Inc.
ARTS - Artfest International, Inc.
GRDO - Guard Dog, Inc.
AQUI - Aqua Gold International, Inc.
BLUG - Blugrass Energy Inc
RPC - AMDL Inc
CTSO - MEDASORB TECHNOLOGIES
GMR - GENERAL MARITIME CORP
ABAT - Buy It Cheap.com Inc
NXPI - NXP Semiconductors NV
MTOR - ARVINMERITOR INC
TSLA - Tesla Motors Inc
HRZ - HORIZON LINES INC
MJNA - Medical Marijuana Inc
SYMX - Synthesis Energy
KMX - CarMax Inc
PCWLF - PCCW Limited
BMOD - BIOMODA INC
SCRK - Spring Creek Hlt
ID - Viisage Technology
RBY - RUBICON MINERALS CP
GNBT - Generex Biotechnology
POLJF - Polo Resources Ltd
LSE - Caplease Inc
SEMG - Semgroup Corp
ACXM - Acxiom Corporation
LUNA - Luna Innovations
CGCP - CardioGenesis Corp
AMIE - Ambasadors
MSGI - MSGI Security
UPCO - McNab Creek Gold Corp
GBX - GREENBRIER COS INC
GSTP - Gold Standard Mining
INHX - Inhibitex
NLTX - SMI Products Inc
SPXA - SpectrumDNA Inc
OPTR - Optimer Pharmaceutical
GTN - Gray Television Inc
MBND - Vicom Inc
NTN - NTN Buzztime
HMRTY - Home Retail Group PLC
KNDI - Kandi Tech Corp
JADA - Jade Art Group Inc
HLDVF - HENDERSON LAND DEV
APPA - A P Pharma Inc
ONSM - Visual Data Corporation
GENT - GENTIUM SPA ADS
RHIEQ - RHI Entertainment Inc
APPY - ASPENBIO PHARM
APXR - Apex Resources Group
JEXYF - Jiangsu Expressway Co
VASO - Vasomedical, Inc.
FRZ - REDDY ICE HOLDINGS INC
SDTH - Shengdatech
ALIF - Artificial Life Inc.
PSTB - Park Sterling Bank
DAC - Danaos Corp
GGS - Global Geophysical
CLNY - Colony Financial Inc
BLVT - Bulova Technologies
GNBP - Genesis Biopharma Inc
SVA - SINOVAC BIOTECH LTD
HYGS - Hydrogenics Corp
LUB - Lubys Inc
KSKTF - Kiska Metal Corp
ENA - Enova Systems Inc
TTNP - Titan Pharmaceutical

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

GE - GENERAL ELECTRIC CO
JPM - JP Morgan and Co Inc
VZ - Verizon Comm
Q - QWEST COMM INTL INC
AA - ALCOA INC
HAL - HALLIBURTON CO HLDG CO
MS - Morgan Stanley
AMAT - Applied Materials
BSX - BOSTON SCIENTIFIC CORP
CX - CEMEX S.A.
NWSA - News Corp Ltd
THC - TENET HEALTHCARE CORP
ABT - ABBOTT LABORATORIES
CLNE - Clean Energy Fuels
AVNR - Avanir Pharm
JASO - JA Solar Holdings C
PCS - MetroPcs Communication
PM - Philip Morris International
DUK - DUKE ENERGY CORP
UNH - UNITEDHEALTH GROUP INC
TLAB - Tellabs, Inc.
VIA.B - Viacom Inc Class B
VHC - PASW Inc.
LDK - LDK Solar Co Ltd
CAT - Caterpillar Inc
HMY - HARMONY GOLD MINING
RFMD - RF Micro Devices, Inc.
RSH - RADIOSHACK CORP
STP - SUNTECH POWER HOLDINGS
LINTA - LIBERTY MED INT A
SATC - SatCon Technology C
SOL - Renesola Ltd
AMT - AMERICAN TOWER CORP
ACAS - American Cap Ltd
HCP - HCP Inc
PWER - Power-One, Inc.
BBT - BB&T CORPORATION
ARMH - ARM Holdings, plc
UPS - UPS
NFLX - Netflix, Inc.
CNP - CenterPoint Energy Inc
AET - AETNA INC
APA - APACHE CORP
RAX - Rackspace Hosting Inc
WPRT - Westport Innovations
ACHN - Achillion Pharmaceutical
GCI - GANNETT CO INC
CCI - Crown Castle International
GME - GAMESTOP CP
MI - MARSHALL & ILSLEY CORP
SWKS - SKYWORKS SOLUTNS
ILMN - Illumina, Inc.
TEL - Te Connectivity
MDT - MEDTRONIC INC
SPWRA - SUNPOWER CORPORATION
SNY - SANOFI-AVENTIS ADS
CREE - Cree, Inc.
LULU - lululemon athletical
CMS - C M S ENERGY CORP
MHR - Magnum Huntr Res
CLF - Cliffs Natural Resources
VG - VONAGE HOLDINGS CORP
PAY - Verifone Systems
IBN - Icici Bank Ltd
AMX - America Movil SA
NXPI - NXP Semiconductors NV
WLT - Walter Energy
CMI - CUMMINS ENGINE CO INC
ARIA - ARIAD Pharmaceutical
PBI - PITNEY BOWES INC
MHP - MCGRAW HILL COS INC
PKD - PARKER DRILLING CO
TTM - TATA MOTORS LTD ADS
CTRP - CTRIP.COM INTL LTD ADS
MCO - Moody's Corp
HBC - HSBC Holdings PLC
BBBY - Bed Bath & Beyond Inc.
CHS - Chicos FAS Inc
WM - WASTE MANAGEMENT INC
K - KELLOGG CO
BEXP - Brigham Exploration Co
MT - Arcelormittal
RES - R P C INC
KMB - KIMBERLY CLARK CORP
CHGS - Point Acquisition Corp
ETN - EATON CORP
OLN - OLIN CORP
BMR - BIOMED REALTY TR INC
STJ - ST JUDE MEDICAL INC
DRI - DARDEN RESTAURANTS INC
CCE - Coca Cola Ent
DEPO - Depomed, Inc
ENTG - Entegris, Inc.
CMC - COMMERCIAL METALS CO
NWS - News Corp Ltd ADR
GSK - GlaxoSmithKline PLC
OXM - OXFORD INDUSTRIES INC
RRD - Donnelley (RR) & Sons
SMT - Smart Technologies Inc
OMC - OMNICOM GROUP INC
HCN - Health Care REIT Inc
KLAC - KLA-Tencor Corporation
HYPMY - Hypermarcas SA
NPSP - NPS Pharmaceuticals
AMLN - Amylin Pharmaceutic
ACE - Ace Ltd
INFY - Infosys Technologies
PUDA - Puda Coal Inc
SKX - SKECHERS USA INC
PCL - PLUM CREEK TIMBER CO
CFN - Carefusion Cp
SBAC - SBA Communications
FDX - FedEx Corporation
FBR - Votorantim Adr
HYC - HYPERCOM CORP
EXAS - Exact Sciences
TAP - ADOLPH COORS CO
AMP - AMERIPRISE FINANCIAL
CCC - CALGON CARBON CORP
HUM - HUMANA INC
AGN - ALLERGAN INCORPORATED
BID - SOTHEBYS HOLDINGS INC
NVLS - Novellus Systems, Inc.
UN - UNILEVER N V

Earnings Announcements for Friday

AbitibiBowater Inc - ABH
Atrinsic Inc - ATRN
Bovie Medical Corp - BVX
China Biologic Products Inc - CBPO
China Education Alliance Inc - CEU
China Gerui Advanced Materials Group Ltd - CHOP
Community Central Bank Corp - CCBD
Comstock Homebuilding Companies Inc - CHCI
Consumer Portfolio Services Inc - CPSS
CRA International Inc - CRAI
Energy Incorporated - EGAS
Geokinetics Inc - GOK
Geomet Inc - GMET
Income Opportunity Realty Investors Inc - IOT
Keyuan Petrochemicals Inc - KEYP
Kid Brands Inc - KID
New Concept Energy Inc - GBR
PhotoMedex Inc - PHMD
Royal Bancshares Of Pennsylvania Inc - RBPAA
Searchmedia Holdings Ltd - IDI
Skyline Corporation - SKY
Subaye Inc - SBAY
Sulphco Inc - SUF
The Coast Distribution System Inc - CRV
Uluru Incorporated - ULU
Universal Travel Group - UTA
Vitacost.com Inc - VITC
World Heart Corp - WHRT

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.  

Thanks for visiting AC Investor Blog.

AC

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  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 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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