Trade Ideas for Tuesday, March 29
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Tellabs, Inc. (NASDAQ:TLAB) starts showing ‘buy' signals again.The stock closed above its 20-day moving average for the first time since January, which is a very bullish sign. Although the stock didn't perform well this year, we start to see now some signals of rebound as the technical chart shows positive momentum is back. I'd look to the $5.25 level moving as the next buy point. If it passes that, then we have room to run to next resistance at $5.81. Let’s keep an eye on TLAB.
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Lululemon Athletica inc. (NASDAQ:LULU) has made a new 52-week high of $86, after gaining 8.43% in today's trading. The 52-week range for LULU is $31.08-$86. Looking at the technical chart the stock is trading above all of three major moving averages. Plus, the MACD is positive and rising. The short-term uptrend is intact and signals further bullishness on this stock. For those who did not have a chance to buy the stock, any pull back is your buying opportunity.
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JA Solar Holdings Co., Ltd. (NASDAQ:JASO) breaks above the key resistance zone at $6.76, signifying that a new short term uptrend is in place. Further rise is expected to $7.21 zone. Indicators are also showing signs of recovery. Near term support is now located at $6.77, as long as this level holds, I'd expect the uptrend to continue. Long-term investors may hold with a stop at $6.32. Let's keep an eye on her as i think momentum will pick up.
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Canadian Solar Inc. (NASDAQ:CSIQ) is approaching again the $12 level, which typically acts as resistance, so keep an eye on her for a possible breakout. Beyond that, the above technical chart shows a bullish MACD crossover and stochastics which indicate we have some more room to the upside.
Other stocks to watch :
Generex Biotechnology Corporation (OTC:GNBT) - The stock has Many Positive Favorable Technical Indicators. This company is moving, and moving quick, and should be posting some amazing gains for investors who acted on my twitter alert last week !
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Unusual volume in today's trading session
INIX - iFinix Corporation
EK - EASTMAN KODAK CO
SNWT - San West Inc
VRGY - Verigy
FOGC - Fortune Oil & Gas, Inc.
GACFQ - Global Aircraft Solutions, Inc.
NVGN - Novogen Limited
MSMY - MC Endeavors Inc
SPEC - Spectrum Control, Inc.
OBCI - Ocean Bio-Chem, Inc.
AMRS - Amyris Inc
ONSM - Visual Data Corporation
KMTUY - Komatsu Ltd.
BMOD - BIOMODA INC
TXCC - Transwitch
IGPG - Ignis Petroleum Group, Inc.
UGNE - UNIGENE LABS INC
CALVF - Caledonia Mining Corp
WSF - WELLS FARGO CAP IV
IVD - IVAX Diagnostics Inc
SDTH - Shengdatech
TXHE - Texhoma Energy, Inc.
MCGI - MedCareers Group, Inc.
ISIG - Insignia Systems, Inc.
CALM - Cal-Maine Foods, Inc.
MSHL - MARSHALL EDWARDS INC
CXS - CreXus Investment Corp
VSYM - View Systems Inc
APXR - Apex Resources Group
APPA - A P Pharma Inc
TLON - Hana Biosciences
AOTL - aeroTelesis, Inc.
IDSA - Industrial Services
SVNDY - SEVEN & I HOLDINGS C
New 52-week High stocks
ALU - ALCATEL
SD - Sandridge Energy Inc
EMC - EMC CORP
VZ - Verizon Comm
HON - HONEYWELL INTERNATIONAL
PCS - MetroPcs Communication
PKD - PARKER DRILLING CO
CVX - Chevron
CAT - Caterpillar Inc
DRIV - Digital River, Inc.
BHI - BAKER HUGHES INC
SINA - sina.com
CNP - CenterPoint Energy Inc
PM - Philip Morris International
YOKU - Youku.com Inc.
MPEL - Melco Crown Adr
WMB - WILLIAMS COS INC
PAY - Verifone Systems
EOG - EOG Resourses
RES - R P C INC
WLL - WHITING PETROLEUM CP
ARUN - Aruba Networks Inc
WAB - WABTEC
CSX - C S X CORP
APC - ANADARKO PETROLEUM
DHR - DANAHER CORP
FTK - FLOTEK INDS INC (DE)
PANL - Universal Display C
SE - SPECTRA ENERGY CORP
GPOR - Gulfport Energy Corp
GLBL - Global Industries
CVI - CVR Energy Inc
RRC - Range Resources Corp
MCO - Moody's Corp
LO - Lorillard Inc
BC - BRUNSWICK CORP
WFMI - Whole Foods Market
TZOO - Travelzoo Inc
HP - HELMERICH & PAYNE INC
MEE - Massey Energy Co
HYC - HYPERCOM CORP
OPEN - Opentable Inc
EL - ESTEE LAUDER COMPANIES
PDS - Precision Drilling
New 52-week Low stocks
CXS - CreXus Investment Corp
CISG - CNinsure Inc
MR - MINDRAY MEDICAL INT
WATG - MGCC INVESTMENT STR
LFC - CHINA LIFE INSUR CO
CPLA - Capella Education Co
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
Labels: CSIQ, JASO, LULU, TLAB
