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Thursday, March 24, 2011 

Hot Stocks for Friday

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Harmony Gold Mining Co. (NYSE:HMY) had a very good bullish rally this week accompanied with large volume. A gap was formed also with good volume. The stock is now near the red line as RSI approaches the 90 level. It may still move up some cents but I expect a correction any time as I have observed that a lot of indicators have already reached overbought level. Right now it is way too risky for a long position.

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Parker Drilling Company (NYSE:PKD) has rallied from below $4 to above $5.75 in just two months, a gain of over 40%. The technical chart shows very strong upward momentum as the stock is trading above the 50 day moving average with both 50 day and 200 day moving average going up. At this point I will be a buyer only once it breaks through Wednesday’s high of $5.85 for the continuation move. Stochastics and the RSI are overbought but remain bullish signaling.

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GigaMedia Limited (NASDAQ:GIGM) closed at $1.30, up 15 cents points for the day, reconfirming the new uptrend after the recent break above the major resistance on expanding volume. The technical indicators are looking better for the stock. The technical chart shows a very bullish sign as the stock is back on top of 50 day moving average. For now, expect a run up to next resistance area around $1.50. If the stock is able to cross it and sustain above it, then it might go to $1.73 ( 200 EMA ). Support lies around $1.16.

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DryShips Inc. (NASDAQ:DRYS) breaks above the key resistance zone at $4.72 ( MA 200 ), signifying that a new short term uptrend is in place. Further rise is expected to follow to retest $5.19  high. Near term support is now located at $4.62, as long as this level holds, I'd expect the uptrend to continue. Long-term investors may hold with a stop at $4.48.

Other stocks to watch :

Earnings Announcements for Friday

Ada Es Inc - ADES
ARC Wireless Solutions Inc - ARCW
AspenBio Pharma Inc - APPY
Biostar Pharmaceuticals Inc - BSPM
Capstone Therapeutics Corp - CAPS
Celsion Corp - CLSN
China Biologic Products Inc - CBPO
China Gerui Advanced Materials Group Ltd - CHOP
Clean Diesel Technologies Inc - CDTI
Codorus Valley Bancorp Inc - CVLY
CRA International Inc - CRAI
DayStar Technologies Inc - DSTI
Electro Sensors Inc - ELSE
Emergency Medical Services Corp - EMS
Enova Systems Inc - ENA
Ever Glory International Group Inc - EVK
Gencorp Inc - GY
GRAVITY Co Ltd - GRVY
HMG/Courtland Properties Inc - HMG
Innovaro Inc - INV
Kandi Technologies Corp - KNDI
Medicinova Inc - MNOV
Nexxus Lighting Inc - NEXS
NF Energy Saving Corp - NFEC
PAB Bankshares Inc - PABK
QKL Stores Inc - QKLS
Seven Arts Pictures PLC - SAPX
Sonesta International Hotels Corp - SNSTA
Spanish Broadcasting System Inc - SBSA
Star Buffet Inc - STRZ
Tengion Inc - TNGN
The Coast Distribution System Inc - CRV
Trunkbow International Holdings Ltd - TBOW
United Bancorp Inc - UBCP
United Community Financial Corp - UCFC

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

MU - Micron Technology
YHOO - Yahoo! Inc
HCP - HCP Inc
ADBE - Adobe Systems Incorporation
JBL - JABIL CIRCUIT INC
GILD - Gilead Sciences, Inc.
VLO - VALERO ENERGY CORP NEW
BIDU - Baidu Inc
BBD - BANCO BRADESCO SA ADS
MS - Morgan Stanley
NKE - NIKE INC CL B
SBUX - Starbucks Corporation
ATVI - Activision, Inc.
URBN - Urban Outfitters, Inc.
NEM - NEWMONT MINING CORP
SLE - SARA LEE CORP
HAL - HALLIBURTON CO HLDG CO
NFLX - Netflix, Inc.
LO - Lorillard Inc
HMY - HARMONY GOLD MINING
MOTR - Motricity Inc
IRM - IRON MOUNTAIN INC
BP - BP AMOCO ADS
ROYL - Royale Energy, Inc.
WY - WEYERHAEUSER CO
CAM - Cameron Intl
CA - CA Inc
ETFC - E*Trade Financial Inc
ESRX - Express Scripts, Inc.
NBR - Nabors Industries Inc
XLNX - Xilinx, Inc.
UPS - UPS
PLAB - Photronics, Inc.
V - VISA Inc
BHP - BHP Billiton Ltd
GCI - GANNETT CO INC
GMCR - Green Mountain Coffee
APC - ANADARKO PETROLEUM
EOG - EOG Resourses
LEN - LENNAR CORP
MMC - Marsh and Mclennan
JWN - NORDSTROM INC
AGN - ALLERGAN INCORPORATED
GFI - GOLD FIELDS LTD
HEK - Heckmann Corp
LZ - LUBRIZOL CORP
VIA.B - Viacom Inc Class B
AMX - America Movil SA
 ISIL - Intersil Holding Co.
CAH - CARDINAL HEALTH INC
KEG - Key Energy Services
UNP - UNION PACIFIC CORP
GRS - GAMMON GOLD
 PIR - Pier 1 Imports Inc
CF - CF INDUSTRIES HOLDINGS
PAYX - Paychex, Inc.
KMX - CarMax Inc
SINA - sina.com
KIM - KIMCO REALTY CORP MD
SRE - SEMPRA ENERGY
TOL - TOLL BROTHERS INC
TS - Tenaris SA
TTM - TATA MOTORS LTD ADS
VMED - Virgin Media Inc
NOC - NORTHROP GRUMMAN CORP
NOV - NATIONAL OILWELL INC
RHT - Red Hat, Inc.
APKT - Acme Packet Inc
QSFT - Quest Software, Inc.
GLBL - Global Industries
JAG - JAGUAR MINING INC
CI - C I G N A CORP
LTC - L T C PROPERTIES INC
LNC - LINCOLN NATIONAL CORP
GFA - Gafisa SA
BIG - Big Lots Inc
WM - WASTE MANAGEMENT INC
CVG - CONVERGYS CORP
TV - GRUPO TELEVISA S A
CAR - Avis Budget Group Inc
LRCX - Lam Research Corporation
CMA - COMERICA INC
CNO - Cno Fnancial Grp
IVN - IVANHOE MINES LTD ORD
BWA - BorgWarner Inc
CBL - CBL and Associates
 ORI - OLD REPUBLIC INTL CORP
TSU - Tim Participacs
TIE - TITANIUM METALS CORP
AXS - AXIS CAPITAL HLDGS LTD
REDF - Rediff Com
PH - PARKER HANNIFIN CORP
AFFY - Affymax Inc
QLIK - Qlik Technologies Inc
AZN - ASTRAZENECA PLC
TDC - Teradata Corp
RHI - ROBERT HALF INTL INC
BMC - BMC Software Inc
CXO - Concho Resources Inc
INFY - Infosys Technologies
SPPI - Spectrum Pharmaceutical
NLC - NALCO HOLDING CO
UDR - UDR Inc
DGW - Duoyuan ADR
CISG - CNinsure Inc
WRI - WEINGARTEN REALTY INVS
KT - KOREA TELECOM CORP
OAS - Oasis Petroleum Inc
PX - PRAXAIR INC
LYV - Live Nation Entn
HXL - HEXCEL CORP
HUM - HUMANA INC
TMX - TELEFONOS DE MEXICO
CLGX - FIRST AMERICAN CORP
UL - Unilever PLC
ENI - ENERSIS S A
RBC - Regal Beloit Corp
ENOC - EnerNOC Inc
ST - Sensata Technologies
TEN - Tenneco Inc
OPEN - Opentable Inc
DVA - DaVita Inc
ARG - AIRGAS INC
G - Genpact Ltd
QCOR - Questcor Pharm
FTNT - Fortinet Inc
BUCY - Bucyrus Intl
EPL - Energy Partners Ltd
FRG - Fronter Gold Inc
BG - BUNGE LTD
TPLM - TRIANGLE PETROLEUM
SAH - SONIC AUTOMOTIVE INC
CRNT - Ceragon Network
LPL - LG Display Co
WPRT - Westport Innovations
VAR - Varian Medical Systems
PRGO - Perrigo Company
CVLT - CommVault Systems Inc
MDAS - MedAssets Inc
VRSK - Verisk Analytics
UMPQ - Umpqua Holdings Corporation
HTLD - Heartland Express
AER - AERCAP HOLDINGS N V
CBEY - Cbeyond Inc
TXRH - TEXAS ROADHOUSE 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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