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Monday, March 14, 2011 

Top Solar Stocks to Watch this week

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Good afternoon everyone! Solar stocks have calm down a bit today after a huge sell-off since the beginning of the month. Now, with the stocks testing previous lows, this may be a good time to make some technical analysis. First, let's start with the chart of Trina Solar Limited (NYSE:TSL). On the daily chart, we can see a few technical signals suggesting that a swing higher may be in the cards in the short term. First, the stock bounced off recent major support on strong volume with the stock breaking above the short-term downtrend line. At the same time, the Stochastic Oscillator is registering a strong bullish signal as the %K has crossed above the %D. Coincidentally, RSI turned up again from the middle of a downward move. The only problem is MACD, because it remains below its falling signal line. The stock has a huge resistance at $26.98, which is its 50 day EMA. If the stock can break through resistance on above-average volume, we could see the stock test $28 and potentially test $28.55-$29.66. Pull it up on your trading screen and take a look for yourself.
 
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The overall outlook remains negative for Canadian Solar Inc. (NASDAQ:CSIQ), as long as it stays below $11.02. Technical indicators are bearish as MACD momentum and histograms trend lower at new lows in negative territory and RSI holds near recent lows in bearish territory. A break above $11.02 resistance will negate this bearish interpretation.

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LDK Solar Co., Ltd. (NYSE:LDK) has been trading between $10 and $15 in the past 4 months, closing in today's trading session at $11.58, up 94 cents or 8.83%, with a volume of 13 million shares. Technically, the daily chart of LDK Solar is now much improved after today’s action. The RSI has reversed again the course and stock finally closed above its 5-day moving average again, which is usually a short-term Bullish signal. I would look for a move up to $12.46 resistance soon. If it passes that, then we have room to run to next resistance at $13.52. Despiting the current downturn, solar sector is seen as a growth industry for the long haul, due to the increasing demand.
 
Other stocks to watch :

Unusual volume in today's trading session

USOG - United States Oil & Gas Corp.
CTIC - Cell Therapeutics
CCJ - CAMECO CORP
CIGX - Star Scientific, Inc.
DNN - Denison Mines
ARTS - ARTFEST INTL INC
SHAW - SHAW GROUP INC
URRE - URANIUM RESOURCES INC
MTLQQ - GENERAL MOTORS CORP
ACDU - Accredited Business Consolidators Corp.
LZ - LUBRIZOL CORP
MYFT - My Freightworld Technologies, Inc.
UAMA - United American Corp
FCEL - FuelCell Energy, Inc.
USU - USEC INC
URZ - Uranerz Energy Corp
UEC - Uranium Energy Corp
URG - Ur Energy Inc
LWSN - Lawson Software, Inc.
ULU - ULURU Inc
SNE - SONY CORP
TIF - TIFFANY AND CO
AHII - Animal Health International
NDN - 99 CENTS ONLY STORES
ETR - ENTERGY CORP HLDG CO
OI - OWENS ILLINOIS INC
USAT - USA Technologies Inc
TM - TOYOTA MOTOR CORP
PYTO - Phytomedical Tech Inc
CBLI - CLEVELAND BIOLABS
URA - Global X Uranium
TNDM - Neutral Tandem Inc
GPOR - Gulfport Energy Corp
MGAFF - MAPLE MINERALS CP
REVU - Princeton Review
GLNG - GOLAR LNG LTD
MWIS - M-WISE INC
NMR - NOMURA HOLDINGS
HMC - HONDA MOTOR CO LTD
PNPFF - PINETREE CAPITAL LTD
CW - CURTISS WRIGHT CORP
PALAF - Paladin Energy
IRSN - Irvine Sensors Corp
JADE - LJ Intl Inc
LTBR - CUSTOM BRANDED NTWKS


Earnings Announcements for Tuesday

3sbio Inc - SSRX
AAR Corp - AIR
AbitibiBowater Inc - ABH
Acorn International Inc - ATV
AEP Industries Inc - AEPI
Aerocentury Corp - ACY
Alexza Pharmaceuticals Inc - ALXA
Alpha Pro Tech Ltd - APT
Astro Med Inc - ALOT
B&H Ocean Carriers Ltd - BHO
Bovie Medical Corp - BVX
BPZ Resources Inc - BPZ
Bridgford Foods Corp - BRID
Broadwind Energy Inc - BWEN
Brown Shoe Co Inc - BWS
Capstone Therapeutics Corp - CAPS
Central Vermont Public Service Corp - CV
China Gerui Advanced Materials Group Ltd - CHOP
Chindex International Inc - CHDX
Conmed Healthcare Management Inc - CONM
CPEX Pharmaceuticals Inc - CPEX
Delcath Systems Inc - DCTH
Dsw Inc - DSW
EnergySolutions Inc - ES
Factset Research Systems Inc - FDS
Federal Signal Corp - FSS
FNB United Corp - FNBN
GeoEye Inc - GEOY
Gulf Resources Inc - GFRE
Houston Wire and Cable Co - HWCC
Hudson Pacific Properties Inc - HPP
Infinity Pharmaceuticals Inc - INFI
Jacksonville Bancorp Inc - JAXB
Kent Financial Services Inc - KENT
KSW Inc - KSW
Lentuo International Inc - LAS
LGL Group Inc - LGL
Medidata Solutions Inc - MDSO
Medquist Inc - MEDQ
Metalink Ltd - MTLK
National Beverage Corp - FIZZ
Navisite Incorporated - NAVI
Omega Navigation Enterprises Inc - ONAV
Online Resources Corp - ORCC
Pacific Sunwear of California Inc - PSUN
Patriot National Bancorp Inc - PNBK
Phi Inc - PHII
Presidential Life Corp - PLFE
ProPhase Labs Inc - PRPH
RAM Energy Resources Inc - RAME
Reading International Inc - RDI
Resolute Energy Corp - REN
rue21 Inc - RUE
Saga Communications Inc - SGA
Sanders Morris Harris Group Inc - SMHG
Shangpharma Corporation - SHP
SmartHeat Inc - HEAT
Star Buffet Inc - STRZ
Syntroleum CorpSYNM
Sypris Solutions Inc - SYPR
Systemax Inc - SYX
Tib Financial Corp - TIBB
TOP Ships Inc - TOPS
Universal Display Corp - PANL
VAALCO Energy Inc - EGY
Vera Bradley Inc - VRA
Wave Systems Corp - WAVX
Williams Sonoma Inc - WSM
Yongye International Inc - YONG

The following list show stocks whose MFI indicator has been increasing over the last two trading sessions

WFC - WELLS FARGO & CO
DAL - Delta Airlines
LSI - LSI Corp
RCRC - RC2 Corporation
STX - Seagate Tech
AMGN - Amgen Inc.
CLWR - Clearwire Corp A
Q - QWEST COMM INTL INC
SWY - SAFEWAY INC
LUV - SOUTHWEST AIRLINES CO
AMR - A M R CORP
CVS - CVS Caremark Corp
ODP - OFFICE DEPOT INC
AMRN - Amarin Corporation
JCP - PENNEY J C CO INC
LCC - US AIRWAYS GROUP INC
BIDU - Baidu Inc
JNPR - Juniper Networks
BBT - BB&T CORPORATION
NOVL - Novell, Inc.
BBY - BEST BUY CO INC
NFLX - Netflix, Inc.
NYX - NYSE EURONEXT INC
UPS - UPS
EXC - EXELON CORPORATION
MCD - MCDONALDS CORP
NUAN - Nuance Communications
COF - CAPITAL ONE FNCL CORP
SINA - sina.com
ADI - ANALOG DEVICES INC
LLNW - Limelight Networks Inc
URBN - Urban Outfitters, Inc.
FE - FIRSTENERGY CORP
AVP - AVON PRODUCTS INC
CTL - Centurylink Inc
DNDN - Dendreon Corporation
LMT - LOCKHEED MARTIN CORP
HNZ - HEINZ H J CO
STJ - ST JUDE MEDICAL INC
ILMN - Illumina, Inc.
ROVI - Macrovision Corporation
FFIV - F5 Networks, Inc.
PDLI - PDL BioPharma
IBN - Icici Bank Ltd
TIF - TIFFANY AND CO
MIPS - MIPS Technologies
ATI - Allegheny Technologies
GD - GENERAL DYNAMICS CORP
PCG - P G & E CORP HLDG CO
UNP - UNION PACIFIC CORP
HSP - HOSPIRA INC
ECL - ECOLAB INC
DKS - DICKS SPORTING
HRS - HARRIS CORP
OMX - OfficeMax Inc
CYS - CYPRESS SHARPRIDGE
QCOR - Questcor Pharm
PCL - PLUM CREEK TIMBER CO
ATHR - ATHEROS COMMUN INC
SOHU - Sohu.com Inc.
ANIK - Anika Therapeutics
JNY - The Jones Group
TSU - Tim Participacs
MW - Men's Wearhouse Inc
HIBB - Hibbett Sports
ARM - ARVINMERITOR INC
IT - GARTNER GROUP INC
TPX - TEMPUR-PEDIC INTL INC
WHR - WHIRLPOOL CORP
ARIA - ARIAD Pharmaceutical
TKLC - Tekelec
SAFM - Sanderson Farms, Inc.
WMS - W M S INDUSTRIES INC
ACGL - Arch Capital Group Ltd
CCC - CALGON CARBON CORP
SEE - SEALED AIR CORP NEW
PNW - PINNACLE WEST CAP CORP
SHFL - Shuffle Master, Inc.
DWA - DreamWorks Animation
ED - CONSOLIDATED EDISON
THRX - THERAVANCE INC
CLD - Cloud Peak Energy Inc
ERJ - Embraer Sa
REXX - Rex Energy Corp
SMTC - Semtech Corporation
BEAV - BE Aerospace, Inc.
CHSI - HealthExtras, Inc.
CHBT - China-Biotics Inc
UA - UNDER ARMOUR INC
WINN - WINN-DIXIE STORES
LSE - Caplease Inc
SKX - SKECHERS USA INC
PNK - PINNACLE ENTERTAINMENT
BKS - BARNES & NOBLE INC
PLCM - Polycom, Inc.
SGMO - Sangamo BioSciences
KONG - KongZHong Cp
AME - AMETEK INC NEW
DGIT - DG FastChannel
ELY - CALLAWAY GOLF CO
EXAS - Exact Sciences
ENI - ENERSIS S A
SXCI - SXC Health Solutions
DSX - DIANA SHIPPING INC
AUTC - AutoChina International
WRC - Warnaco Group Inc
BKE - Buckle Inc
WBMD - Webmd Health Crp
GPRO - GEN-PROBE 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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