Four Stocks To Keep An Eye On
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Banner Corporation (NASDAQ:BANR) - As many traders could see, today's rise on increased volume amongst many other bullish indicators could push the stock substantially higher than where it is trading now which is around its base levels. As you could see, the stock has several favorable technical factors suggesting that it could breakout to new levels and could test its 52-week high which often attracts additional traders on the buyside, putting upward pressure on shares. The technical chart shows the stock has been doing well since the beginning of this year since the 50 day moving average went on top over 200 day moving average. In addition, the accumulation /distribution indicator is showing strong accumulation since it bottomed in November 2010, which is also a strong bullish sign. It’s a future sign that the price will rise because it’s a leading indicator. That means the indicators gives a buy or sell signal before the actual price movement occurs. Short interest on BANR as of Mar 31, also decreased 29.8% to 445,900 shares from 635,800 indicating that bears are covering their positions. Plus, the decline over the last few days occurred on lower volume and the stock is firming above the major support of $2.28. BANR has now the opportunity to start new rally as %K line is back above %D line. The near-term outlook is bullish and a close above its 50-dma would confirm this view. I continue to have a favorable longer-term view of the company and I believe the stock should provide steady, above-market returns over the long run. BANR just need more interest to get volume as the technicals are calling for a run. Keep watching the stock this week since I expect more volume over the next couple of days.
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Looking at the technical chart of Advanced Micro Devices, Inc. (NYSE:AMD) the stock price is clearly in short-term downtrend. There are no signs of a recovery yet. Hold your long position with a stop loss at $8.12 (closing day basis).
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Accompanied with good volumes, Silgan Holdings Inc. (NASDAQ:SLGN) marked an all-time high in the last trading session. With this, the daily momentum indicator has reached overbought levels and I believe that a near-term correction is likely to happen.
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GigaMedia Limited (NASDAQ:GIGM) - In the last trading session, the stock broke through the flag pattern. This means there is more upside. I think this is quite likely.
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Other stocks to watch :
Cell Therapeutics, Inc. (NASDAQ:CTIC) needs to hold 38 cents on the downside or things could get very ugly. On the upside, the stock has resistance located betwen 40 and 41 cents.
Shares of Motorola Mobility Holdings Inc (NYSE:MMI) continue to hold the recent $22.96 low. I would continue to be a buyer of MMI below $23.50. This stock is due for a rally back into the $26's.
Shares of Ciena Corporation (NASDAQ:CIEN) continue to inch higher. The stock really doesn't have any resistance until $27-$27.41.
Unusual volume in today's trading session
SSHS - Safeguard Security Holdings, Inc.
JUNP - Juniper Group Inc.
DDAIF - Daimler
POPN - Pop N Go Inc
GGB - GERDAU USA
BYOC - Reel Estate Services
TYC - TYCO INTL LTD
ELTP - Elite Pharmaceutical
CYH - COMMUNITY HEALTH SY
ATWT - ATWEC Technologies, Inc.
INVE - Identive Group
EXTO - Exit Only Inc.
GRM - GRAHAM PACKAGING CO
ZOOM - Zoom Telephonics, Inc.
ASML - ASM Lithography Holdings
VSHC - VisualMED Clinical Systems Corp.
CAK - Pacific Asia Petrol
GNPG - EMTA Holdings Inc
SLGN - Silgan Holdings, Inc.
ADTN - ADTRAN, Inc.
SEAOF - Seaco Ltd
DCTH - Delcath Systems, Inc.
POPT - Pop3 Media Corp.
SSTP - Sustainable Power Corp.
GTXI - GTX INC
ADXS - ADVAXIS INC
NEP - China North East P.
CXMSF - Cemex Sa Da Cv Cpo
ESYL - ALGODYNE ETHANOL ENE
BSGC - BIGSTRING CORP
XPL - SOLITARIO RESOURCES
DIRV - Directview Hld
MLNK - CMGI, Inc.
EROC - Eagle Rock Energy
MDLNF - Madalena Ventures Inc
HRAL - HearAtLast Holdings
AERS - Aerius
CBEY - Cbeyond Inc
PVSP - eLEC Communications
EGTK - Energtek Inc
MILL - Miller Energy Resources
NOKBF - Nokia Corporation
LEE - LEE ENTERPRISES INC
DTEGF - Deutsche Telekom
BACHF - Bank of China Limited
KENS - Kenilworth Systems Corporation
H - Hyatt Hotels Corp
PERT - Triden Telecom Inc
VIZS - VizStar Inc
CPWY - Clean Energy Pathways, Inc.
WCRM - Grn Envrtch Hldn
BJCHF - Beijing Capital International Airport Company Limited
TUWOY - Tullow Oil PLC
FORC - Force Energy Corp
JCOF - Javalution Coffee Company
SB - SAFE BULKERS INC
JBII - JBI, Inc.
SNPY - Sino Payments Inc
OZMLF - OZ Minerals Ltd
OSN - Ossen Innov Adr
IXSBF - INNEXUS BIOTECH CORP
CCCGF - China Communications Construction Company Limited
LCAR - Lescarden Ltd
MJWL - Majic Wheels Corp.
EMPR - Empire Petroleum Corp
SYUT - VORSATECH VENTURES INC
MCUJ - Medicure Inc
BBAN - BroadBand Wireless
SWCEY - Swiss Reinsurance C
CAJFF - Canon Inc
IMYN - Immunosyn Corp
WSCE - CTI DIVERSIFIED HLD
MGON - MEGOLA INC
ADAT - Authentidt Hldg
CPF - Cntl Pacific Finl
XNYH - Xinyinhai Technology
GCEH - Global Clean Energy
AERO - Aero Grow International
HCEI - Healthy Coffee Intl
MTGRF - MOUNT GIBSON IRON LT
OSM - SLM CORPORATION
PEXZF - PACIFIC RIDGE EXPLOR
NWCI - Marine Parking Hold
MTRE - Market & Research Corp
BGTH - Bridgetech Holdings
BZU - Beazer Homes USA Inc
PWEB - Pacific Webworks Inc
ACRFY - Accor SA
PCOM - Points Intl Ltd
GMTC - Gametech Intl
GOFPY - Greek Organisation
EVRC - Evercel, Inc.
LYFE - LYFE Communications
CGXEF - CGX ENERGY INC
New 52-week High stocks
ALU - ALCATEL
GRM - GRAHAM PACKAGING CO
MCP - Molycorp Inc
SLGN - Silgan Holdings, Inc.
MPEL - Melco Crown Adr
HTZ - Hertz Global Holdings
CHKP - Check Point Software
BIIB - IDEC Pharmaceutical
EROC - Eagle Rock Energy
SNY - SANOFI-AVENTIS ADS
YOKU - Youku.com Inc.
INFA - Informatica Corp
HUM - HUMANA INC
AHD - Atlas Energy Lp
UL - Unilever PLC
CBST - Cubist Pharmaceutical
GIL - GILDAN ACTIVEWEAR INC
LO - Lorillard Inc
MA - MASTERCARD INCORPORATION
SAP - Sap Ag
CHU - CHINA UNICOM LTD
UN - UNILEVER N V
DUSA - DUSA Pharmaceuticals
HSY - Hershey Corp
IRBT - IROBOT CORPORATION
CPO - CORN PRODUCTS INTL INC
PRGO - Perrigo Company
NLSN - Nielsen Holdings
ABMD - ABIOMED, Inc.
SIRO - Sirona Dental Systems
MCRS - MICROS Systems, Inc.
SJM - Smucker JM Co
AZO - AUTOZONE INC NEVADA
HLF - HERBALIFE LTD
IRWD - Ironwood Pharmaceutical
PSSI - PSS World Medical Inc
SYT - Syngenta AG
SHPGY - Shire Plc Ads
Earnings Announcements for Thursday
Argan Inc - AGX
CCA Industries Inc - CAW
Cel Sci Corp - CVM
Check Point Software Technologies Ltd - CHKP
Cherokee Inc - CHKE
China Education Alliance Inc - CEU
China Natural Resources Inc - CHNR
Christopher and Banks Corp - CBK
Commerce Bancshares Inc - CBSH
Cubist Pharmaceuticals Inc - CBST
Fairchild Semiconductor International Inc - FCS
Gametech International Inc - GMTC
Google Inc - GOOG
Hallwood Group Inc - HWG
Hasbro Inc - HAS
Independent Bank Corp - IBCP
Independent Bank Corp - INDB
Inx Inc - INXI
J B Hunt Transport Services Inc - JBHT
Kinder Morgan Management LLC - KMR
LECG Corporation - XPRT
Majestic Capital Ltd - MAJC
Medtox Scientific Inc - MTOX
Mercantile Bancorp Inc - MBR
Merit Medical Systems Inc - MMSI
Mission West Properties Inc - MSW
National Bankshares Inc (Virginia) - NKSH
Pittsburgh & West Virginia Railroad - PW
Progressive Corp - PGR
Prosperity Bancshares Inc - PRSP
Simulations Plus Inc - SLP
Southside Bancshares Inc - SBSI
SUPERVALU INC - SVU
Valmont Industries Inc - VMI
Virco Manufacturing Corp - VIRC
Waccamaw Bankshares Inc - WBNK
Wonder Auto Technology Inc - WATG
Zoo Entertainment Inc - ZOOG
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.
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AC
