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Monday, March 07, 2011 

Four Trade Ideas for Tuesday, March 08

 

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Starbucks Corporation (NASDAQ:SBUX) broke resistance today, hitting a new 52-week high. Today's high of $34.79 is resistance for the continuation move. The technical daily chart above shows the momentum indicators have turned up and the RSI is on the rise. For the short term the stock should still continue to go up. A close above $34.79 would have positive implications and could drive the stock much higher. Keep SBUX on your radar......

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Last week's view on DRDGOLD Ltd. (NASDAQ:DROOY) stock remains unchanged. The outlook appears bullish and would remain so, as long as the share price holds above $4.75. The immediate resistance is seen at $5.11 and then at $5.15. If these two are broken then the next resistance is seen at $5.42.

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Apple Inc. (NASDAQ:AAPL) is sitting on the 13-day moving average. However the internal indicators MACD and Stochastic are showing positive divergences and in the world of technical analysis, that is good. Investors may hold with a stop-loss at $350. The near-term outlook would depend on the price movement in the next few days. A close above $361.72 would impart bullishness and would help the stock move to the $364-$365 band. A drop below $343.22 would have negative implications that would push the stock down to the $320-$333 range.

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Hemispherx BioPharma, Inc (AMEX:HEB) ruled firm as anticipated last week. The stock closed the day near highs which leads me to believe the rally will continue on Tuesday. The near-term trend is positive and a move past the immediate resistance at $.49 would impart bullish momentum. The strength of the bounce off $.45 indicates that the stock may have found some short term support from which is can launch a new rally. The daily MACD's bullish crossover suggests further gains for the stock. In addition, RSI is increasing and has cut above the 50 level. The short term stochastic signal is also showing some positive sign. Let’s see whether the stock can gather enough momentum to break through $.49 ( 50-dma ).


Other stocks to watch :

CIEN - Ciena results miss expectations. The stock has a strong support at $24.93.
EAT - BRINKER INTL INC continues to trend higher.
CTIC - Cell Therapeutics, Inc. - Downtrend.
LVLT - Level 3 Communications Inc. - Watching for a close above $1.47.


Unusual volume in today's trading session

SSHS - Safeguard Security Holding, Inc
NUBL - NUMOBILE INC
NWTT - NW Tech Capital, Inc
RELM - RELM Wireless Corporation
REMD - Remodel Auction Inc.
AWYI - Ariel Way Inc.
STX - Seagate Tech
PLFM - Platforms Wireless International Corp.
ACDU - Accredited Business Consolidators Corp.
WDC - WESTERN DIGITAL CORP
CIEN - CIENA Corporation
LEI - Lucas Energy, Inc.
TOMO - TomoTherapy Inc
RPC - AMDL Inc
RAME - Ram Ene Res
CFW - CANO PETROLEUM INC
TDGI - Target Development Group, Inc.
DEJ - DEJOUR ENTERPRISES
IBXG - IBX Group Inc.
JCG - J CREW GROUP INC
EXK - ENDEAVOUR SILVER
BLLN - Advanced Technology
UAMA - United American Corp
JRCC - JAMES RIVER COAL CO
MBYL - Endeavor Exploration
BIOF - BioFuel Energy Corp
TGC - Tengasco Inc
BKPG - Bark Group Inc
SYMX - Synthesis Energy
SVVS - Savvis Cp
KAZ - Interunion Financial
GTE - GRAN TIERRA ENERGY
RCKBD - ROCKVILLE FINANCIAL
MPET - Magellan Petroleum
ARAY - Accuray Inc
GMET - GEOMET INC
ROYE - World Marketing Inc
BYI - Alliance Gaming
IWEB - Iceweb Inc
UVCL - Univercell Holdings
VRUS - Pharmasset Inc
DJSP - Chardan 2008 China
AAV - Advantage Oil&Gs
SCRK - Spring Creek Hlt
MMG - Metalline Mining Co
MCGC - MCG Capital Corporation
TIVU - Tivus Inc
GGR - Suite101.com Inc
TWO - TWO HARBORS INVT CP
WDRP - Wanderport Corporation
STEM - StemCells, Inc.
INTK - Industrial Nanotech, Inc.
QBC - Cubic Energy Inc
NEOM - NeoMagic Corp.
PTVYF - Texada Cap Corp  0
XSNX - XSUNX INC
SYNM - Syntroleum Corporation
CMNZF - Century Mining Corp
RGEN - Repligen Corporation
VTSI - VirTra Systems Inc.
AKYI - AccessKey IP, Inc.
XRA - EXETER RESOURCE CORP
IMDC - In Media Corp
NBS - Corniche Group Inc
FOLD - Amicus Therapeutics
CSDT - CASCADE TECHNOLOGIES
RNCHQ - Rancher Energy Corp
GTHP - Spectrx, Inc.
SCYA - Security Asset Capital Corp.
EGTK - Energtek Inc
AHONY - KONINKLIJKE AHOLD N V
ROHI - Rotech Healthcre
SENY - SAUER ENERGY INC
ASNA - Ascena Retail Group
ISVLF - IMPACT SILVER CORP
CCAJ - Coastal Capital Acquisition Corp.
TRRXF - TNR Gold Corp
PTN - Palatin Technologies
CASB - Cascade Finl Cp
ANTS - Ants Software Inc
NACF - LipidLabs Inc

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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