Top Trade Ideas for the Week of March 21
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The Technical daily chart shows an exhaustion move, where the price had penetrated the $12.70 level confluence with 50-day moving average, but failed to hold above it. The trend direction in short term is now bearish. The medium-term trend outlook for the stock is neutral. It is moving sideways in a range between $12.82 and $10.68 over the last six months. Long-term investors can hold the stock with a stop at $10.68.
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Pfizer Inc. (NYSE:PFE) -As you can see from the chart above, the stock has been trading within a rising channel since July 2010. The stock ends the week near the top of its rising channel Would anticipate a correction to at least $19.41. A close below $19.95 would signal a trend change.
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Shares of Parker Drilling Company (NYSE:PKD) ran into some profit taking on Friday after Thursday's big rally. The short-term outlook for the stock is Bullish and move up to $5.85 is possible in the near-term. My first target is $5.89. My second, more aggressive target is $6.54 with a time frame of several weeks. Near-term support for Parker Drilling Company is present at $5.42. Subsequent supports for the stock are present at $5 and then $4.95. Technical indicators are supporting the bulls. EMAs are moving up. MACD is positive and above the signal line. You need to put this stock on your watchlist next week and pay special attention to the price and the volume action.
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There is no change from my previous updates on Banner Corporation (NASDAQ:BANR). The stock looks poised to move higher. The technical daily chart shows possibility of new rally as the stock bounced up after dropping back to 50 day moving average. In addition, the 50 day moving average has crossed on top over 200 day moving average early this month to form the Golden Cross. Typically, when a Golden Cross is formed the stock will be heading into a strong bull market. At the same time, the daily stochastics is reaching the oversold zone. These technical factors suggest taking a long position.
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Unusual volume in friday's trading session
UNDT - Universal Detection Technology
JUNP - JUNIPER GRP INC
CTIC - Cell Therapeutics
RAD - RITE AID CORP
BGOI - BONANZA OIL & GAS
POPN - Pop N Go Inc
CRA - Celera Group
EXPU - Expert Group, Inc.
CNP - CenterPoint Energy Inc
KATX - KAT Exploration Inc.
NKE - NIKE INC
URRE - URANIUM RESOURCES INC
VTG - Vantage Drilling
USU - USEC INC
LO - Lorillard Inc
CIGX - Star Scientific, Inc.
ELTP - Elite Pharmaceutical
TLB - TALBOTS INC
UXG - U S Gold Corp
ARIA - ARIAD Pharmaceutical
GMO - General Moly Inc
BPZ - BPZ Resources
GERN - Geron Corporation
VTPI - Vital Products Inc
MMR - MCMORAN EXPLORATION CO
AXAS - Abraxas Petroleum C
BKS - BARNES & NOBLE INC
JRCC - JAMES RIVER COAL CO
JAS - JO-ANN STORES INC
CHU - CHINA UNICOM LTD
LXRX - Lexicon Genetics In
PQ - Petroquest Energy Inc
BWS - BROWN SHOE CO INC
SAH - SONIC AUTOMOTIVE INC
OAS - Oasis Petroleum Inc
ISIS - Isis Pharmaceutical
PKD - PARKER DRILLING CO
HA - Hawaiian Holding
NPSP - NPS Pharmaceuticals
URA - Global X Uranium
WOR - WORTHINGTON INDS INC
REXX - Rex Energy Corp
MITI - MICROMET INC
PAG - UNITED AUTO GROUP INC
LBTYK - Liberty Global Inc
CRK - COMSTOCK RESOURCES INC
ESLR - Evergreen Solar Inc
CIE - Cobalt International
FRED - Fred's, Inc.
SCSS - Select Comfort Corp
RVI - VALUE CITY DEPT STORES
PVA - PENN VIRGINIA CORP
PETM - PETsMART, Inc.
SSI - Stage Stores, Inc.
PPO - Polypore International
GDP - GOODRICH PETE CORP NEW
RTI - R T I INTERNATIONAL
DVR - CAL Dive International
ZUMZ - ZUMIEZ INC
ABG - GROUPE AB S A
JVA - COFFEE HOLDING CO INC
CAB - Cabelas Inc
AFFY - Affymax Inc
ASNA - Ascena Retail Group
CXW - Corrections Corporation
FINL - Finish Line, Inc.
ALKS - Alkermes, Inc.
ENZN - Enzon, Inc.
SFLY - SHUTTERFLY INC
WG - WILLBROS GROUP INC
AAN - Aarons Inc
HIBB - Hibbett Sports
FNB - F.N.B. Corporation
GPOR - Gulfport Energy Corp
UTSI - UTStarcom, Inc.
IMGN - ImmunoGen, Inc.
OXIS - Oxis Interntnl
GLNG - GOLAR LNG LTD
NX - Quanex Building
GEOI - GeoResources, Inc.
RUE - Rue21 Inc
LL - Lumber Liquidators Inc
WGAT - Worldgate Communication
WIBC - Wilshire State Bank
ZINC - Horsehead Hldg Corp
HALO - HALOZYME THERAPEUTICS
NWY - NEW YORK & CO INC
ENHT - enherent Corp
SSD - SIMPSON MFG CO INC
Earnings Announcements for Monday
Adams Resources & Energy Inc - AE
American Electric Technologies Inc - AETI
AspenBio Pharma Inc - APPY
Astea International Inc - ATEA
B&H Ocean Carriers Ltd - BHO
Biotime Inc - BTX
Birks and Mayors Inc - BMJ
Bitstream Inc - BITS
Blonder Tongue Laboratories Inc - BDR
Cache Inc - CACH
Canterbury Park Holding Corp - CPHC
Cardium Therapeutics Inc - CXM
Chicago Rivet And Machine Co - CVR
China Automotive Systems Inc - CAAS
China TransInfo Technology Corp - CTFO
Clean Diesel Technologies Inc - CDTI
Cleveland Biolabs Inc - CBLI
Commonwealth Bankshares Inc (Virginia) -CWBS
CRA International Inc - CRAI
Crimson Exploration Inc - CXPO
CTI Industries Corp - CTIB
Dara Biosciences Inc - DARA
DayStar Technologies Inc - DSTI
Deerfield Capital Corp - DFR
Derma Sciences Inc - DSCI
Document Security System Inc - DMC
Empire Resorts Inc - NYNY
Enova Systems Inc - ENA
Feihe International Inc - ADY
First Clover Leaf Financial Corp - FCLF
G Willifood International Ltd - WILC
Global Power Equipment Group Inc - GLPW
Global Tech Advanced Innovations Inc - GAI
Hastings Entertainment Inc - HAST
Hearusa Inc - EAR
HSW International Inc - HSWI
Industrial Services Of America Inc - IDSA
Innovaro Inc - INV
Jaguar Mining Inc - JAG
KB Home - KBH
KSW Inc - KSW
Lakes Entertainment Inc - LACO
LJ International Inc - JADE
Medicinova Inc - MNOV
Neurogesx Inc - NGSX
Oxygen Biotherapeutics Inc - OXBT
Pansoft Co Ltd - PSOF
Park Bancorp Inc - PFED
Patriot National Bancorp Inc - PNBK
Pdi Inc - PDII
Pernix Therapeutics Holdings Inc - PTX
PhotoMedex Inc - PHMD
Poniard Pharmaceuticals Inc - PARD
Presidential Life Corp - PLFE
RF Monolithics Inc - RFMI
Spherix Incorporated - SPEX
Star Buffet Inc - STRZ
Sulphco Inc - SUF
Sutron Corp - STRN
Tasty Baking Co - TSTY
Terra Nova Royalty Corp - TTT
Tiffany & Co - TIF
Torch Energy Royalty Trust - TRU
Trailer Bridge Inc - TRBR
United Guardian Inc - UG
Valley Financial Corp - VYFC
VCG Holding Corp - VCGH
Westway Group Inc - WWAY
Wimm Bill Dann Foods Open Joint Stock Co - WBD
Winland Electronics Inc - WEX
WSI Industries Inc - WSCI
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.
Have a nice weekend,
AC
