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Tuesday, March 08, 2011 

Stocks to watch for Wednesday, March 09

 ( click to enlarge )

eBay Inc. (NASDAQ:EBAY) - Despite the weakness in the past few weeks, the overall trend appears bullish. Only a drop below $31.11 ( 50-dma ) would be a cause of concern. On the upside, a rally towards the $33-$34 range appears likely. Existing shareholders could remain invested with a stop loss at $31.11. If the stop loss gets triggered, fresh buying may be considered on the evidence of support around the $30 level. The technical daily chart above shows the buyers are back after the stock hit the 50-DMA while ROC has hit oversold level despite weak signal from KD and MACD. Nevertheless, the long term trend is still bullish as the stock is still on top of 50-day and 200-day moving average with both moving averages pointing up.

  ( click to enlarge )

Bank of America Corporation (NYSE:BAC) broke the downtrend line today on big volume and could eventually rally up to test the January highs. However there is a strong resistance to break around the $15 level. Only a close above this level would suggest further upside.

( click to enlarge )

Finisar Corporation (NASDAQ:FNSR) is falling in the after-hours session after the company lowered its earnings outlook for its current fiscal fourth quarter to a range of 31 to 35 cents, compared with the 38 cents that analysts were expecting. The near-term outlook would depend on the price movement in the next few days. A drop below $27.38 would have negative implications that would push the stock down to the $21-23 range. Let's keep an eye on it.

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Other stocks to watch :

Is tomorrow the day for Hemispherx BioPharma, Inc (AMEX:HEB) ? Indicators are calling for a Powerful Breakout. Keep the stock on your radar since it could make a solid move upwards.

Banner Corporation (NASDAQ:BANR) - The stock has pulled back to its 30-day moving average on low volume. 


New 52-week high stocks

AUY - YAMANA GOLD INC
KV.A - K-V Pharmaceutical Co
DKS - DICKS SPORTING
AHD - Atlas Energy Lp
JNPR - Juniper Networks
BSFT - Broadsoft Inc
HMA - Health Management A
PM - Philip Morris International
DFS - Discover Financial
STM - STMicroelectronics
JAZZ - Jazz Pharmaceutical
LYB - Lyondell Basell Ind
OCR - OMNICARE INC
HCN - Health Care REIT Inc
PAY - Verifone Systems
D - DOMINION RESOURCES
STJ - ST JUDE MEDICAL INC
SAH - SONIC AUTOMOTIVE INC
XEL - XCEL ENERGY INC
EAT - BRINKER INTL INC
ADP - Automatic Data Process
WEC - WISCONSIN ENERGY CORP
VRUS - Pharmasset Inc
MCO - Moody's Corp
GENZ - Genzyme General
SYK - STRYKER CORP
TPX - TEMPUR-PEDIC INTL INC
BIIB - IDEC Pharmaceutical
CALD - CALLIDUS SOFTWARE INC
OCZ - OCZ Technology Group
NI - NISOURCE INC
UA - UNDER ARMOUR INC
NU - NORTHEAST UTILITIES
RY - ROYAL BANK OF CANADA
PNW - PINNACLE WEST CAP CORP
ACHN - Achillion Pharmaceutical
CYTX - CYTORI THERAPEUTICS
FOSL - Fossil, Inc.
SGI - RACKABLE SYSTEMS
FRG - Fronter Gold Inc
COO - COOPER COS INC NEW

New 52-week Low stocks

CSCO - Cisco Systems, Inc
ELNK - EarthLink, Inc
GSIC - GSI Commerce, Inc.
AOL - AOL Inc
ANW - Aegean Marine Petroleum Network
MPWR - MONOLITHIC POWER SYSTEMS

Unusual volume in today's trading session

EDWY - eDoorways International Corp.
AWYI - Ariel Way Inc.
PFMS - PaperFree Medical Solutions Inc.
REMD - Remodel Auction Inc.
RELM - RELM Wireless Corporation
MFA - Mfa Financial
URBN - Urban Outfitters, Inc.
IBXG - IBX Group Inc.
MWIS - M-WISE INC
UNGS - Adventure Energy Inc
ADLS - ADVANCED LIFE SCIENCE
PPBV - Purple Beverage Company, Inc.
BUGS - U.S. Microbics Inc.
CMNZF - Century Mining Corp
AHD - Atlas Energy Lp
DKS - DICKS SPORTING
BIOD - Biodel Inc
MGI - MONEYGRAM INTL INC
PSRU - PURESPECTRUM, INC
CKEI - Clickable Enterprises Inc.
BSFT - Broadsoft Inc
EGHT - 8X8 Inc
NIVM - National Investment Managers, Inc.
CNOZ - Tiger Ethanol International
TOMO - TomoTherapy Inc
BKCC - BlackRock Kelso Cap
AMEL - AMERILITHIUM CORP
WDRP - Wanderport Corporation
CLKZ - Clicker Inc
GLEC - Global Ecology Corp.
SEAOF - Seaco Ltd
BNX - InterSearch Group Inc
CKXE - CKX Inc
ZBB - ZBB Energy Corp
PVCT - Provectus Pharmaceutical
LYLP - LoyaltyPoint Inc.
ATRN - New Motion Inc
SSI - Stage Stores, Inc.
WFYW - Wherify Wireless, Inc.
INTK - Industrial Nanotech, 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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