Top Trade Ideas for Tuesday, April 12
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The daily Netflix, Inc. (NASDAQ:NFLX) chart shows a bearish MACD crossover that is increasingly evident in the last trading sessions. I also note that a possible double top pattern is developing on the daily chart. The near-term trend is bearish and the stock faces a strong resistance at 140-145. A close above this range is a pre-requisite for the reversal of the bearish trend. In addition, the short term stochastic signal is showing some bearish sign and the RSI has retraced back to the 50 level. In short-term the chart is not painting a good picture for Bulls. So do trade with care.
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Cytokinetics, Inc. (NASDAQ:CYTK) is displaying a short upside momentum and is poised to move higher from these levels. Short-term traders could go long once the share price moves above $1.59.
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ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD) shares have been consolidating over the past 3 months and patience is the key here. Volume is starting to build and it may make an attempt at breaking out. Positive MACD indicates that the stock is a buy. Any move over $1.875 will probably lead to new highs. Let's keep an eye on it.
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Contrary to expectations, Cell Therapeutics, Inc. (NASDAQ:CTIC) shares ruled strong and also moved closer to the resistance level of $.40. Investors may remain invested with a stop-loss at $.341 (on closing basis) as the stock appears to have the potential to breakout the target zone of 40 cents. So far the technical chart is still showing buy signal with stock trading above 200 day and 50 day moving averages with MACD on top of signal line and RSI above the 50% level.
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Other stocks to watch :
Unusual volume in today's trading session
LVLT - Level 3 Communications
THC - TENET HEALTHCARE CORP
AMMD - American Medical Sy
BYOC - Reel Estate Service
PUDA - Puda Coal Inc
CRGO - Cargo Connection Logistics Holding, Inc.
TYC - TYCO INTL LTD
GLBC - GLOBAL CROSSING LTD
TMHO - Talisman Holding
LTHU - Lithium Technology
VSHC - VisualMED Clinical Systems Corp.
IMGG - Imaging3, Inc.
AFTC - Alternative Fuel Technologies, Inc.
ENDP - Endo Pharmaceutical
WNYN - Warp 9, Inc.
CPTC - COMPOSITE TECHNOLOGY
NSANY - Nissan Motor ADR
VPER - Viper Networks, Inc.
TSTY - TASTY BAKING CO
AITX - AirTrax Inc
QUIK - QuickLogic Corporation
ASYI - Wolf Resources Inc
PRWP - PRO-PHARMACEUTICALS
LJPC - La Jolla Pharma
MFTH - Medisafe 1 Technology
ALIF - Artificial Life Inc.
MRGP - Nu-Mex Uranium Corp
EGTK - Energtek Inc
ECEC - eCom eCom.com, Inc.
GOJO - GraphOn Corporation
SIMO - SILICON MOTION TECHN
CUBV - CUBA Beverage Co
IDIX - Idenix Pharm
PRRY - American BioDiesel
ESPGY - Esprit Holdings Ltd
IBGH - Innovative Beverage
ACYD - AMERICAN COMMUNITY
TUWOY - Tullow Oil PLC
ANDS - ANADYS PHARMACEUTICAL
JBII - JBI, Inc.
THKLY - T H K Co Ltd
Earnings Announcements for Tuesday
Art's-Way Manufacturing Co Inc - ARTW
AspenBio Pharma Inc - APPY
B&H Ocean Carriers Ltd - BHO
China Ceramics Co Ltd - CCCL
Fastenal Co - FAST
Hearusa Inc - EAR
Mistras Group Inc - MG
Newlead Holdings Ltd - NEWL
Ohio Valley Banc Corp - OVBC
Skyline Corporation - SKY
Streamline Health Solutions Inc - STRM
Westwood One Inc - WWON
WSP Holdings Ltd - WH
Wuhan General Group (China) Inc - WUHN
New 52-week High stocks
TYC - TYCO INTL LTD
PFE - PFIZER INC.
GLBC - GLOBAL CROSSING LTD
BIDU - Baidu Inc
MCP - Molycorp Inc
MO - ALTRIA GROUP
ENDP - Endo Pharmaceutical
AUY - YAMANA GOLD INC
BIIB - IDEC Pharmaceutical
BHP - BHP Billiton Ltd
LTD - LIMITED INC
PM - Philip Morris International
KO - COCA COLA CO
FTK - FLOTEK INDS INC (DE)
BLTI - BioLase Technology
SNY - SANOFI-AVENTIS ADS
CHU - CHINA UNICOM LTD
GRS - GAMMON GOLD
QCOR - Questcor Pharm
ANN - Ann Inc
FMCN - Focus Media Hldg
TWC - Time Warner Cable Inc
MFN - Minefinders Corporation
PRGO - Perrigo Company
TS - Tenaris SA
TOT - Total Sa
TSCO - Tractor Supply Company
INCY - Incyte Genomics Inc.
FL - Foot Locker Inc
HANS - Hansen Natural Corp
YOKU - Youku.com Inc. ADR
PDS - Precision Drilling
SAP - Sap Ag
LO - Lorillard Inc
CB - CHUBB CORP
NDN - 99 CENTS ONLY STORES
AHD - Atlas Energy Lp
RY - ROYAL BANK OF CANADA
2y IDT - IDT Corp
TLCR - Talecris Biotherapeutics
JAZZ - Jazz Pharmaceutical
PTR - PETROCHINA CO
FLO - FLOWERS INDUSTRIES INC
TSU - Tim Participacs
FO - FORTUNE BRANDS INC
WLK - WESTLAKE CHEMICAL CP
CPRT - Copart, Inc.
PII - POLARIS INDS INC
END - Endeavor Intl
KRC - KILROY REALTY CORP
OGE - O G E ENERGY CORP
GEO - WACKENHUT CORRECTIONS
GPN - GLOBAL PAYMENTS INC
WPZ - WILLIAMS PARTNERS L.P.
IRWD - Ironwood Pharmaceutical
AZSEY - ALLIANZ Se
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, CTIC, CYTK, NFLX
