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Friday, March 11, 2011 

Trade Ideas for the Week of March 14

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Above is a technical daily chart of Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) with basic trendlines applied. Clearly , the stock is in a long term uptrend. Recently, prices have accelerated off of the lower trendline and after a small consolidation period the broke to new highs on strong volume. Outlook for the stock is rosy as reflected in technical analysis. The stochastic analysis is signaling a bullish outlook which can be further confirming in MACD and ADX charts. MACD has a bullish crossover. Plus, the stock is trading well above its 50 and 200-day moving averages. The daily and weekly technical indicators of the stock also are featuring in the bullish zone implying upward momentum. Resistance is now located at $47.55, which was today's high. Once the stock breaks through this resistance area, we should see an increase in volume as the stock moves higher. Keep a close eye on the stock for the follow through move on Monday.

 ( click to enlarge )

Apple Inc. (NASDAQ:AAPL) - Another conclusive close above $354.80 could take the stock to $361 initially and then to $364. In the medium term, it is still trading within an uptrend channel. Investors with medium-term perspective can hold the stock as long it remains above the trendline.

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I remain bearish on XOMA Ltd. (XOMA) in the near-term. MACD has a bearish crossover. In addition, the bearish crossover in the ADX chart adds to my conviction. Support can be found around $4.36. My technical view will be negated on a close above $5.43.

 ( click to enlarge )

SINA Corporation (NASDAQ:SINA) jumped 13 per cent this week, conclusively closing above its long-term resistance level of $94.30. From its multi-year May low of $32.30, the stock has been on a long-term uptrend. As long as the stock stays above $90, the possibility of it moving higher to $100 would be on the cards. On the other hand, a fall below the $90 mark will drag it lower to $84.30 or $75.50. All technical analysis are flashing bullish outlook in the short/medium and long term.


Other stocks to watch :

Earnings Announcements for Monday

1st Century Bancshares Inc - FCTY
A.C. Moore Arts & Crafts Inc - ACMR
Agfeed Industries Inc - FEED
American Electric Technologies Inc - AETI
American Oriental Bioengineering Inc - AOB
Answers Corp - ANSW
Antares Pharma Inc - AIS
Ap Pharma Incorporated - APPA
Applied Energetics Inc - AERG
ARC Wireless Solutions Inc - ARCW
Arotech Corp - ARTX
Arrhythmia Research Technology Inc - HRT
Ascent Media Corp - ASCMA
Athersys Inc - ATHX
Avalon Holdings Corp - AWX
Berkshire Bancorp Inc - BERK
BioDelivery Sciences International Inc - BDSI
Bionovo Inc - BNVI
Biotime Inc - BTX
Black Diamond Inc - BDE
Bluefly Inc - BFLY
Cache Inc - CACH
Cadiz Inc - CDZI
Callon Petroleum Company - CPE
Capital Gold Corp - CGC
Cardium Therapeutics Inc - CXM
China Biologic Products Inc - CBPO
China Ceramics Co Ltd - CCCL
China Education Alliance Inc - CEU
China Finance Online Co Ltd - JRJC
China Housing & Land Development Inc - CHLN
China Mass Media Corp - CMM
China Sky One Medical Inc - CSKI
Churchill Downs Inc - CHDN
Coffee Holding Co Inc - JVA
Concord Medical Services Hldg Ltd - CCM
Connecticut Water Service Inc - CTWS
CRA International Inc - CRAI
Crimson Exploration Inc - CXPO
Crystal Rock Holdings Inc - CRVP
Cumulus Media IncCMLSCybex International Inc - CYBI
CytRx Corp - CYTR
Dara Biosciences Inc - DARA
Dole Food Co Inc - DOLE
Dominion Resources Black Warrior Trust - DOM
EasyLink Services International Corp - ESIC
Ebix Inc - EBIX
Ecology And Environment Inc - EEI
Eon Communications Corp - EONC
Essex Rental Corp - ESSX
Ever Glory International Group Inc - EVK
First Citizens Bancorp Cleveland - FCZA
First Financial Service Corp - FFKY
Food Technology Services Inc - VIFL
General Steel Holdings Inc - GSI
Globalstar Inc - GSAT
Gramercy Capital Corp - GKK
GSE Systems Inc - GVP
GSI Group Inc - GSIG
Gulfport Energy Corp - GPOR
Gyrodyne Co of America Inc - GYRO
Heckmann Corp - HEK
Hemispherx Biopharma, Inc - HEB
Hollywood Media Corp - HOLL
Impac Mortgage Holdings Inc - IMH
Jinpan International Ltd - JST
L & L Energy Incorporated - LLEN
Ladenburg Thalmann Financial Services Inc - LTS
Limoneira Co - LMNR
Linktone Ltd - LTON
Louisiana Bancorp Inc - LABC
Majestic Capital Ltd - MAJC
Memsic Inc - MEMS
Merriman Holdings Inc - MERR
Nature's Sunshine Products Inc - NATR
Neurogesx Inc - NGSX
Neutral Tandem Inc - TNDM
New Century Bancorp Inc - NCBC
North Central Bancshares Inc - FFFD
Ocean Power Technologies Inc - OPTT
Old Second Bancorp Inc - OSBC
On Track Innovations Ltd - OTIV
OPKO Health Inc - OPK
Optical Cable Corp - OCCF
Park Bancorp Inc - PFED
Parkervision Inc - PRKR
Perma-Fix Environmental Services Inc - PESI
Perry Ellis International Inc - PERY
Piedmont Natural Gas Co Inc - PNY
PMC Commercial Trust - PCC
Poniard Pharmaceuticals Inc - PARD
PositiveID Corp - PSID
Presstek Inc - PRST
Princeton National Bancorp Inc - PNBC
Puda Coal Inc - PUDA
Quantum Fuel Systems Technologies Worldwide Inc - QTWW
Reddy Ice Holding Inc - FRZ
Repros Therapeutics Inc - RPRX
Royal Bancshares Of Pennsylvania Inc - RBPAA
Schiff Nutrition International Inc - WNI
Seaspan Corp - SSW
Shamir Optical Industry Limited - SHMR
ShengdaTech Inc - SDTH
SinoHub Inc - SIHI
Spherix Incorporated - SPEX
Tbs International PLC - TBSI
Tecumseh Products Co - TECUA
Tengion Inc - TNGN
The First Bancshares Inc - FBMS
THL Credit Inc - TCRD
THT Heat Transfer Technology Inc - THTI
Trimeris Inc - TRMS
Trunkbow International Holdings Ltd - TBOW
Tsakos Energy Navigation Ltd - TNP
Ultrapetrol Bahamas Ltd - ULTR
Universal Insurance Holdings Inc - UVE
Ur Energy Inc - URG
Uranerz Energy Corp - URZ
Urstadt Biddle Properties, Inc - UBA
US Energy Corp - USEG
US Gold Corp - UXG
Voyager Oil and Gas Inc - VOG
Warwick Valley Telephone Co - WWVY
Waterstone Financial Inc - WSBF
Zagg Inc - ZAGG

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

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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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