Top Trade Ideas for Thursday, April 21
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Good morning everyone. When I mentioned ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD) on Monday the stock had just breached the triangle’s resistance around $1.90 and yesterday it closed at $2.19. This jump has also helped the stock breach its immediate resistance level of $1.91. Moreover, there was an increase in daily volume in the past three trading sessions, which is a very Bullish sign The stock hit a high of $2.20, which is resistance for today’s trade. If the stock can break through this level, I expect to see another strong upside move.
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Crocs, Inc. (NASDAQ:CROX) has made an awesome move on Wednesday breaking out its resistance level. Plenty of room to upside.
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Extremely bullish moves on Rambus Inc. (NASDAQ:RMBS) are taking place over the last session’s. On Wednesday, the stock jumped four per cent with good volume, conclusively penetrating its 200-day moving average. MACD has generated a buy signal and is currently above the 0 line. This momentum could push this stock much higher from here, so keep it on the radar. The next major resistance is located at $21.43.
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Let’s now take a look again at Banner Corporation (NASDAQ:BANR). I notice that the Accumulation/Distribution indicator still growing, it means accumulation (buying). The stock has been consolidating sideways for 3 months now after a good run up since December 2010. Fortunately, the stock could be set for another move higher as it appeared to have formed what looks like a symmetrical triangle during this consolidation process. A break above the triangle’s resistance mentioned in the chart is all we need to confirm the chart pattern. Honestly speaking, I’m bullish with this chart pattern given the fact that the short-term uptrend is intact. In addition, the MACD is back in positive territory and the stock price is above the 50 and 200 moving averages. Personally, I’m actually expecting a breakout soon. I may be wrong, but I have seen many stocks rise upon breaking out from triangles like this. Keep this stock in your radar list.
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Wednesday marked an important shift in Symantec Corporation (NASDAQ:SYMC) shares as they closed above a major horizontal resistance line that has been forming since Januray. The stock was one of the big winners on Wednesday, closing up 81 cents on the day. SYMC traded heavy volume as it hit a high of $18.97. This high is resistance for Thursday’s continuation move.
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Other stocks to watch :
Nationwide Health Properties Inc. (NYSE:NHP) has been rising in an ascending triangle formation. Look for the break above the $44.05 level to enter longs.
Cell Therapeutics, Inc. (NASDAQ:CTIC) is ready for a possible rally if breakout key resistance level of $.416 with big volume.
Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO) looks a nice long candidate.
Quepasa Corporation (AMEX:QPSA) looks a good lottery play too.
Earnings Announcements for Thursday
1-800-Flowers.Com Inc - FLWS
1st Source Corp - SRCE
Advanced Micro Devices Inc - AMD
Air Products and Chemicals Inc - APD
Alaska Air Group Inc - ALK
Alexion Pharmaceuticals Inc - ALXN
Alliance Data Systems Corp - ADS
Electric Power Co Inc - AEP
American River Bankshares - AMRB
Amsurg Corp - AMSG
Applied Industrial Technologies Inc - AIT
Associated Banc Corp - ASBC
Avid Technology Inc - AVID
Bank of Kentucky Financial Corp - BKYF
Baxter International Inc - BAX
BB&T Corp - BBT
BCSB Bancorp Inc - BCSB
Biogen Idec Inc - BIIB
Blackrock Inc - BLK
Blackstone Group LP - BX
Brookline Bancorp Inc - BRKL
C R Bard Inc - BCR
California First National Bancorp - CFNB
Capital One Financial Corp - COF
Cash America International Inc - CSH
CDC Corp - CHINA
Chubb Corp - CB
City National Corp - CYNC
CNH Global NV - CNH
Complete Production Services Inc - CPX
Courier Corp - CRRC
Covidien PLC - COV
Cymer Inc - CYMI
Cypress Semiconductor Corp - CY
Cytec Industries Inc - CYT
Danaher Corp - DHR
Data I/O Corp - DAIO
Diamond Offshore Drilling Inc - DO
Digi International Inc - DGII
Dover Corp - DOV
Du Pont De Nemours And Co - DD
ECB Bancorp Inc - ECBE
Education Realty Trust Inc - EDR
Efuture Information Technology Inc - EFUT
Endologix Inc - ELGX
Ensco PLC - ESV
Entegris Inc - ENTG
EZCORP Inc - EZPW
Fifth Third Bancorp - FITB
First Busey Corp - BUSE
First Financial Bankshares Inc - FFIN
First Horizon National Corp - FHN
First Niagara Financial Group Inc - FNFG
GATX Corp - GMT
General Electric Company - GE
Gentex Corp - GNTX
Goodrich Corp - GR
Graphic Packaging Holding Co - GPK
Green Bankshares Inc - GRNB
Hanmi Financial Corp - HAFC
HMN Financial Inc - HMNF
HNI Corp - HNI
Home Bancshares Inc - HOMB
Honeywell International Inc - HON
Horizon Lines Inc - HRZ
Idex Corp - IEX
Idexx Laboratories Inc - IDXX
Informatica Corp - INFA
Ingersoll Rand Public Ltd Co - IR
Insteel Industries Inc - IIIN
Interactive Brokers Group Inc - IBKR
International Game Technology - IGT
ITT Educational Services Inc - ESI
Ixia - XXIA
Janus Capital Group Inc - JNS
Jetblue Airways Corp - JBLU
Kansas City Southern - KSU
L 3 Communications Holdings Inc - LLL
Laboratory Corp Of America Holdings - LH
Lacrosse Footwear Inc - BOOT
Landstar System Inc - LSTR
Lattice Semiconductor Corp - LSCC
LECG Corporation - XPRT
Life Time Fitness Inc - LTM
LocalCom Corp - LOCM
Manpower Inc - MAN
Maxim Integrated Products Inc - MXIM
McDonalds Corp - MCD
Meridian Bioscience Inc - VIVO
Micrel Inc - MCRL
Morgan Stanley - MS
National Penn Bancshares Inc - NPBC
Neustar Inc - NSR
New York Times Co - NYT
Newfield Exploration Co - NFX
Newmont Mining Corp - NEM
Northrim BanCorp Inc - NRIM
Nucor Corp - NUE
NVR Inc - NVR
Omega Flex Inc - OFLX
Orbital Sciences Corp - ORB
Pacwest Bancorp - PACW
Patriot Coal Corp - PCX
PDF Solutions Inc - PDFS
Pegasystems Inc - PEGA
Penn National Gaming Inc - PENN
Philip Morris International Inc - PM
PNC Financial Services Group Inc - PNC
Polycom Inc - PLCM
Pool Corp - POOL
PPG Industries Inc - PPG
Preferred Bank - PFBC
Rambus Inc - RMBS
Ramtron International Corp - RMTR
Repligen Corp - RGEN
Reynolds American Inc - RAI
Robert Half International Inc - RHI
Rockwell Collins Inc - COL
Sandisk Corp - SNDK
Sandy Spring Bancorp Inc - SASR
Schlumberger NV - SLB
Sensata Technologies Holding NV - ST
Sherwin Williams Co - SHW
Simmons First National Corp - SFNC
SNAP On Inc - SNA
Sonoco Products Co - SON
Southwest Airlines Co - LUV
Strattec Security Corp - STRT
Suntrust Banks Inc - STI
SVB Financial Group - SIVB
Symmetricom Inc - SYMM
Synaptics Inc - SYNA
Syntel Inc - SYNT
T Rowe Price Group Inc - TROW
TASER International Inc - TASR
TCF Financial Corp - TCB
TE Connectivity Ltd - TEL
Tempur Pedic International Inc - TPX
Tennant Co - TNC
Thomas and Betts Corp - TNB
Travelers Companies Inc - TRV
Travelzoo Inc - TZOO
Ultratech Inc - UTEK
Umpqua Holdings Corp - UMPQ
United Community Financial Corp - UCFC
United Continental Holdings Inc - UAL
UnitedHealth Group Inc - UNH
Verizon Communications Inc - VZ
Waccamaw Bankshares Inc - WBNK
Watsco Inc - WSO
Weatherford International Ltd - WFT
Wesco International Inc - WCC
Whitney Holding Corp - WTNY
Xerox Corp - XRX
Young Innovations Inc - YDNT
The following lsit show stocks whose MFl (15) has been increasing over the last 2 sessions
STX - Seagate Tech
JNJ - JOHNSON & JOHNSON
LVS - LAS VEGAS SANDS CP
HK - Petrohawk Energy
MPEL - Melco Crown Adr
PG - PROCTER & GAMBLE CO
POT - POTASH CORP SASKATC
CHK - CHESAPEAKE ENERGY CORP
HST - HOST MARRIOTT CORP
SVU - SUPERVALU INC
ELN - ELAN CORP P L C
ATVI - Activision, Inc.
JNPR - Juniper Networks
BBBB - BLACKBOARD INC
JDSU - JDS Uniphase Corporation
BBD - BANCO BRADESCO SA ADS
TGT - TARGET CORP
GT - GOODYEAR TIRE & RUB
NEM - NEWMONT MINING CORP
AKAM - Akamai Technologies
SIFY - Sify Tech Lt
AONE - A123 Systems Inc
GCI - GANNETT CO INC
UAL - UAL CORP
BP - BP AMOCO ADS
PCAR - PACCAR Inc
WAG - WALGREEN CO
ENTR - Entropic Communication
LCC - US AIRWAYS GROUP INC
CCL - CARNIVAL CORP
MAR - MARRIOTT INTL INC NEW
EMR - EMERSON ELECTRIC CO
LEN - LENNAR CORP
WU - Western Union
GME - GAMESTOP CP
YOKU - Youku.com Inc.
KIM - KIMCO REALTY CORP MD
SWN - SOUTHWESTERN ENERGY CO
HCBK - Hudson City Bancorp
GIS - GENERAL MILLS INCORPORATION
ACN - Accenture Plc
CNX - CONSOL Energy Inc
IGT - INTERNATIONAL GAME
MAS - Masco Corporation
CAH - CARDINAL HEALTH INC
LYB - Lyondell Basell Ind
FE - FIRSTENERGY CORP
WYNN - Wynn Resorts LTD
MFA - Mfa Financial
INFY - Infosys Technologies
JCP - PENNEY J C CO INC
DISH - Dish Network A
NKE - NIKE INC CL B
FMCN - Focus Media Hldg
DVN - Devon Energy Cp
FNSR - Finisar Corporation
NUE - NUCOR CORP
ITW - ILLINOIS TOOL WORKS
PWRD - Perfect World Co Ltd
CPX - COMPLETE PRODUCTION
TJX - TJX COMPANIES INC
CF - CF INDUSTRIES HOLDINGS
TOL - TOLL BROTHERS INC
JWN - NORDSTROM INC
RRC - Range Resources Corp
OAS - Oasis Petroleum Inc
CCJ - CAMECO CORP
HEK - Heckmann Corp
KT - KOREA TELECOM CORP
APOL - Apollo Group, Inc.
MOBI - Sky-mobi
HBI - HANESBRANDS INC
LTM - LIFE TIME FITNESS INC
OPEN - Opentable Inc
RYL - RYLAND GROUP INC
JAG - JAGUAR MINING INC
PCG - P G & E CORP HLDG CO
HT - Hersha Hospitality
JRCC - JAMES RIVER COAL CO
YONG - Golden Tan Inc
LYV - Live Nation Entn
GES - GUESS INC
ARO - AEROPOSTALE INC
IPGP - IPG PHOTONICS CORP
SKM - S K TELECOM CO LTD
COG - CABOT OIL & GAS CORP
MF - MF Global Hld Ltd
GAME - SHANDA GAMES LTD
SVNT - SAVIENT PHARMS
STO - Statoil ASA
MNTA - MOMENTA PHARMACEUTICAL
SFSF - SuccessFactors Inc
CPO - CORN PRODUCTS INTL INC
WBMD - Webmd Health Crp
RGLD - Royal Gold, Inc.
QEP - Qep Resources
REGN - Regeneron Pharmaceutical
CRA - Celera Group
WMS - W M S INDUSTRIES INC
BUCY - Bucyrus Intl
ROC - ROCKWOOD HOLDINGS INC
OCLR - Bookham Technology plc
NLC - NALCO HOLDING CO
ARR - Armour Resd Reit
ATPG - ATP Oil & Gas C
SNDA - SHANDA INTERACTIVE
TRI - THOMSON CORP
AIZ - ASSURANT INC
SPPI - Spectrum Pharmaceutical
AAP - ADVANCE AUTO PARTS INC
XG - Extorre Gold Min
FLIR - FLIR Systems, Inc.
AMCC - Applied Micro Circuits
RMBS - Rambus, Inc.
ENZN - Enzon, Inc.
ATU - APPLIED POWER INC
KNX - Knight Transportation
DISCK - Discovery Communication
CYS - CYPRESS SHARPRIDGE
BAS - BASIC ENERGY SERVICES
TNDM - Neutral Tandem Inc
DDS - DILLARDS INC CL A
PETM - PETsMART, Inc.
MGA - MAGNA INTL INC CL A
AVY - AVERY DENNISON CORP
LAMR - Lamar Advertising C
BZ - Boise, Inc.
AZN - ASTRAZENECA PLC
CBLI - CLEVELAND BIOLABS
ONXX - ONYX Pharmaceutical
ADS - Alliance Data Systems
SLXP - Salix Pharmaceutical
VOLC - VOLCANO CORPORATION
PSS - Collective brands
IMGN - ImmunoGen, Inc.
HAR - HARMAN INTL INDS INC
WATG - MGCC INVESTMENT STR
DHX - Dice Holdings Inc
PDC - Pioneer Drilling 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.
Thanks for visiting AC Investor Blog.
AC
Labels: ACAD, BANR, CROX, RMBS, SYMC
