Five Trade Ideas for Thursday, March 03
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Jazz Pharmaceuticals, Inc. (NASDAQ:JAZZ) is setting up for a nice upside move and I'm going to be there when it occurs. The stock traded higher again on Wednesday as the stock ended the day near highs. The strength at the end of the day tells us to expect continued buying on Thursday. I expect to see a strong upside move once the stok breaks through resistance now at $25.48. Technically, my model remains long. The Relative Strength Index is moving higher, which is a sign of growing strength in the stock. Also the MACD is giving a positive indication. Keep a very close eye on the stock as it will move quickly once it breaks through resistance.
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Alcatel-Lucent (NYSE:ALU) had a very strong day on Wednesday, as the stock broke out of its resistance trend line on the way to closing up 53 cents on the day. Wednesday’s high was $5.26, which is resistance for Thursday’s follow through move. You want to keep an eye on ALU so you do not miss when the stock does break through resistance.
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DryShips Inc. (NASDAQ:DRYS) is showing signs of buying activity at these levels, as the stock has been able to hold up the past few sessions. Resistance level in DRYS is the high from Tuesday, which is $5.06. Watch the stock closely on Thursday for a possible move.
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From TA view, GigaMedia Limited (NASDAQ:GIGM) shows a bullish divergence on MACD while both RSI and Stochastic look oversold. To return to rally mode, the stock needs to cross its short-term resistance at $1.16. A move above this level would be positive for the stock. A reversal above $1.16 will take the stock higher to $1.25 or $1.34 over the medium-term. Short term momentum is oversold with a positive MACD divergence. GIGM may show recovery but rally is likely only above $1.34. The stock has good support at $1.12.
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Banner Corporation (NASDAQ:BANR) - Found support at 13-day moving average. On Balance Volume still shows strong accumulation. A break above $2.59 would be a buy signal.
Earnings Announcements for Thursday
Accelrys Inc. - ACCL
Acme United - ACU
US HOMECARE CORP - ADUS
Allied Irish Banks p.l.c - AIB
Allos Therapeutics, Inc. - ALTH
America First Tax Exempt Investors - ATAX
American Dental Partners - ADPI
American Shared Hospital Services - AMS
AMERISAFE INC - AMSF
Anadys Pharmaceuticals, Inc. - ANDS
Asset Acceptance Capital Corp. - AACC
Big Lots, Inc. - BIG
Bio-Reference Laboratories - BRLI
Bitauto Holdings Limited - BITA
Blount International - BLT
BSquare - BSQR
Cambium Learning Group, Inc. - ABCD
Capstone Therapeutics - CAPS
Celldex Therapeutics, Inc. - CLDX
Cenveo - CVO
Cerus - CERS
CHINA MARINE FOOD GROUP LTD - CMFO
China New Borun Corporation - BORN
China Pharma Holdings, Inc. - CPHI
CHINA WIND SYSTEMS INC - CWS
Chindex International, Inc - CHDX
CIA BEBIDAS DAS AMERICAS - AMBEV - ABV
CLEARWATER PAPER CORP - CLW
Cogdell Spencer, Inc. - CSA
COMMONWEALTH BANKSHARES INC - CWBS
Consolidated Communications - CNSL
Cornerstone Therapeutics Inc. - CRTX
Cott Corporation - COT
Crown Media Holdings, Inc. - CRWN
Del Monte Foods - DLM
Depomed - DEPO
DexCom, Inc. - DXCM
DineEquity - DIN
Dot Hill Systems Corp. - HILL
DUSA Pharmaceuticals - DUSA
Dynegy Inc. - DYN
Edac Technologies - EDAC
Electro-Sensors - ELSE
EMS Technologies - ELMG
Energy Partners, Ltd. - EPL
ENERGY RECOVERY INC - ERII
EXAMWORKS GROUP INC - EXAM
FiberTower Corporation - FTWR
First Federal Bancshares Arkansas - FFBH
Fisher Communications, Inc. - FSCI
Flow International - FLOW
FORTEGRA FINANCIAL CORP - FRF
Fuel Systems Solutions, Inc. - FSYS
Genesis Energy LP - GEL
GENMARK DIAGNOSTICS INC - GNMK
Gerber Scientific - GRB
Gerdau S.A. - GGB
GP Strategies - GPX
Green Plains Renewable Energy, Inc. - GPRE
H&E Equipment Services, Inc. - HEES
H.J. Heinz Company - HNZ
Hercules Technology Growth Capital - HTGC
Horizon Lines, Inc. - HRZ
HUGHES COMMUNICATIONS INC - HUGH
Infinity Pharmaceuticals, Inc. - INFI
Internet Gold - IGLD
IRIDEX - IRIX
IRONWOOD PHARMACEUTICALS INC - RWD
iSoftStone Holdings Limited - ISS
Kennedy-Wilson Holdings, Inc. - KW
KODIAK OIL & GAS CORP - KOG
Kopin Corporation - KOPN
Lincoln Educational Services - LINC
LSB Industries - LXU
M&F Worldwide - MFW
Manhattan Bridge Capital, Inc. - LOAN
Marvell Technology Group Ltd. - MRVL
Methode Electronics - MEI
Michael Baker Corp. - BKR
Micromet Inc. - MITI
Midas - MDS
MOCON Inc. - MOCO
Nash Finch Company - NAFC
NEOPHOTONICS CORP - NPTN
Novell, Inc. - NOVL
Omega Protein - OME
ORION MARINE GROUP INC - ORN
Park Bancorp - PFED
Pennichuck - PNNW
Perficient - PRFT
Performance Technologies - PTIX
POSTROCK ENERGY CORP - PSTR
Primedia - PRM
Radio One - ROIAK
RHINO RESOURCE PARTNERS LP - RNO
Rockwell Medical Technologies Inc - RMTI
Royal Bank Of Canada - RY
RUBICON MINERALS CORP - RBY
Safeguard Scientifics Inc. - SFE
Santarus, Inc. - SNTS
Select Medical Corporation - SEM
Senomyx Inc. - SNMX
SILVER WHEATON CORP - SLW
SOMAXON PHARMACEUTICALS INC - SOMX
Spreadtrum Communications - SPRD
Standard Motor Products - SMP
Steinway Musical Instruments, Inc. - LVB
Strategic Diagnostics - SDIX
STREAM GLOBAL SVCS INC - SGS
Sucampo Pharmaceuticals, Inc - SCMP
SULPHCO INC - SUF
Superior Industries - SUP
The Cooper Companies, Inc. - COO
The Kroger Co. - KR
The Progressive Corporation - PGR
TORTOISE ENERGY CAP CORP - TYY
TPC Group Inc - TPCG
Trans World Entertainment Corp. - TWMC
Trinity Biotech - TRIB
U.S. Physical Therapy - USPH
United Natural Foods - UNFI
Verso Paper - VRS
VIEWPOINT FINL GROUP INC MD - VPFG
VisionChina Media - VISN
Wendy's / Arby's Group, Inc. - WEN
Western Refining, Inc. - WNR
Weyco Group - WEYS
Winthrop Realty Trust, Inc. - FUR
The following list show stocks whose MFl (15) has been increasing over the last 2 trading sessions
PFE - PFIZER INC
AMAT - Applied Materials
T - AT&T Inc
SD - Sandridge Energy Inc
SLW - Silver Wheaton
WMT - WalMart Stores Inc
SNY - SANOFIAVENTIS ADS
GG - GOLDCORP INC
ROYL - Royale Energy Inc
JNJ - JOHNSON & JOHNSON
COV - Covidien Plc
NLY - Annaly Capital Mana
HERO - HERCULES OFFSHORE
CVX - Chevron
COP - ConocoPhillips
TGT - TARGET CORP
SU - SUNCOR ENERGY INC
BBD - BANCO BRADESCO SA ADS
ABT - ABBOTT LABORATORIES
WMB - WILLIAMS COS INC
MCD - MCDONALDS CORP
AES - A E S CORP
NE - NOBLE DRILLING CORP
PDLI - PDL BioPharma
PEP - PEPSICO INC
MPEL - Melco Crown Adr
CMVT - Comverse Technology
CDE - COEUR D ALENE MINES
WIN - Windstream Corp
SVM - Silvercorp Metal
CNQ - Canadian Natural Resources
GILD - Gilead Sciences Inc
MCP - Molycorp Inc
MTU - Mitsubishi Tokyo
PWER - PowerOne Inc
NXY - Nexen Inc
BTU - PEABODY ENERGY CORP
VMED - Virgin Media Inc
IBN - Icici Bank Ltd
SINA - sinacom
TTM - TATA MOTORS LTD ADS
UXG - U S Gold Corp
FRX - FOREST LABORATORIES
GLBL - Global Industries
CNO - Cno Fnancial Grp
VIA.B - Viacom Inc Class
ESV - Ensco Plc Adr
JOYG - Joy Global Inc
BIIB - IDEC Pharmaceutical
HLX - Helix Energy Solutions
D - DOMINION RESOURCES
SAI - SAIC INC
ESRX - Express Scripts Inc
LYB - Lyondell Basell Ind
PCG - P G & E CORP HLDG CO
BX - Blackstone Group LP
NVS - NOVARTIS A G
ATPG - ATP Oil & Gas C
WYNN - Wynn Resorts LTD
MF - MF Global Hld Ltd
CIG - CEMIG COMPANIA ENER
URBN - Urban Outfitters Inc
ACI - ARCH COAL INC
SLM - USA EDUCATION INC
PDS - Precision Drilling
BPZ - BPZ Resources
OCR - OMNICARE INC
ABV - Companhia de Bebidas
UHS - UNIVERSAL HEALTH SV
TLM - TALISMAN ENERGY INC
CNX - CONSOL Energy Inc
LRCX Lam Research Corporation
RES - R P C INC
DG - Dollar General Corp
PETM - PETsMART Inc
CLD - Cloud Peak Energy Inc
AHD - Atlas Energy Lp
AGNC - American Capital Ag
VRTX - Vertex Pharmaceutical
ECL - ECOLAB INC
CBR - CIBER INC
ACL - Alcon Inc
STO - Statoil ASA
HOS - HORNBECK OFFSHORE S
JAG - JAGUAR MINING INC
OLN - OLIN CORP
CHU - CHINA UNICOM LTD
AOL - AOL Inc
ENDP - Endo Pharmaceutical
TIN - TEMPLE INLAND INC
CE - CELANESE CORPORATION
KBR - KBR Inc
CCJ - CAMECO CORP
EPD - ENTERPRISE PRODUCTS
BPO - BROOKFIELD PROPERTIES
IVN - IVANHOE MINES LTD ORD
DOX - AMDOCS LTD
HUM - HUMANA INC
DWA - DreamWorks Animation
CNW - C N F TRANSPORTATION
NKTR - Nektar Therapeutics
HSY - Hershey Corp
BWC -THE BABCOCK & WILCO
EBIX - Ebix Inc
TS - Tenaris SA
CHL - China Mobile ltd
INFY - Infosys Technologie
PNW - PINNACLE WEST CAP CORP
TBL - TIMBERLAND CO
HDY - Hyperdynamics Corp
AVY - AVERY DENNISON CORP
DLR - DIGITAL REALTY TRUS
LIFE - Invitrogen Corporation
SUG - SOUTHERN UNION CO
DLB - DOLBY LABORATORIES INC
AKRX - Akorn Inc
ARGN - Amerigon Incorporated
NAK - NORTHERN DYNASTY MI
TDW - TIDEWATER INC
LNCR - Lincare Holdings Inc
QSFT - Quest Software Inc
OFC - CORPORATE OFF PPTYS
TSLA - Tesla Motors Inc
SYKE - Sykes Enterprises
SLT - Sterlite Industries
KCI - KINETIC CONCEPTS INC
OAS - Oasis Petroleum Inc
PRGO - Perrigo Company
IVR - Invesco Mortgage Ca
ACM - Aecom Technology Corp
BDCO - Blue Dolphin Energy Cp
MYGN - Myriad Genetics Inc
BPI - Bridgepoint Education
HTS - Hatteras Financial
CLDA - Novitron International
FISV - Fiserv Inc
FMER - FirstMerit Corporation
AZC - AUGUSTA RESOURCE CP
CYT - CYTEC INDS INC
CZZ - Cosan Limited
MTZ - MASTEC INC
SGMS - Scientific Games Corp
ACOR - ACORDA THERAPEUTICS
EXH - Exterran Holdings Inc
ALXN - Alexion Pharmaceutical
FII - FEDERATED INVESTORS
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
