Top Trade Ideas for Wednesday April 06
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Alcoa Inc. (NYSE:AA) broke out to a new 52-week high today, accompained by a strong volume suggesting higher levels. The technical chart still showing a bullish bias. MACD shows positive signs and RSI continue moving up. I suspect the stock may continue to appreciate over the coming days.
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Valeant Pharmaceuticals Int (NYSE:VRX) has been is on a remarkable run since December and it doesn’t looks like the trend will change soon. At this stage, the stock is in overbought territory from a technical standpoint, however it does not mean the stock won't still go up, but a pull back is needed.
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Despite the general market's weakness, American Oriental Bioengineering, Inc. (NYSE:AOB) made an impressive turnaround and rallied almost 8% to close the day at $1.52. The next visible resistance is at $1.64-1.69 area. Today's spike could bring MACD Histogram above zero horizontal line, generally a bullish sign. In addition, KD line seems to be crossing up indicating bullish swing.
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Hansen Medical, Inc. (NASDAQ:HNSN) showed buying strength all day on Tuesday. The volume dramatically increased as the stock ran to the old highs, showing me there are buyers watching the stock. From the technical daily chart above the stock shows very strong bullish sign. First of all, HNSN is trading above both 50-day and 200-day moving average. Then the MACD is rising above 0 also indicating a buy. In addition, %K line is on top over %D line showing the stock is on the positive swing.
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Other stocks to watch :
Shares of Hemispherx BioPharma, Inc (AMEX:HEB) continue to show some nice strength for a small cap. Keep an eye on resistance located at $.48 as well as $.50
Cell Therapeutics, Inc. (NASDAQ:CTIC) - As long as the stock is trading above $0.375, I like the stock. If the stock closes above $.416, you could see a big turnaround in CTIC.
Banner Corporation (NASDAQ:BANR) remains high on my radar due to the recent run up on heavy volume. I plan to buy the stock on a break above $2.53 and add more on a break above $2.64.
Shares of Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) appear to be forming a bottom right now. A break below $1.26 would be very bearish but a break above $1.39 would be bullish and I plan to buy.
Unusual volume in today's trading session
Shares of Hemispherx BioPharma, Inc (AMEX:HEB) continue to show some nice strength for a small cap. Keep an eye on resistance located at $.48 as well as $.50
Cell Therapeutics, Inc. (NASDAQ:CTIC) - As long as the stock is trading above $0.375, I like the stock. If the stock closes above $.416, you could see a big turnaround in CTIC.
Banner Corporation (NASDAQ:BANR) remains high on my radar due to the recent run up on heavy volume. I plan to buy the stock on a break above $2.53 and add more on a break above $2.64.
Shares of Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) appear to be forming a bottom right now. A break below $1.26 would be very bearish but a break above $1.39 would be bullish and I plan to buy.
Unusual volume in today's trading session
NSM - NATIONAL SEMICONDUC
PGPM - Pilgrim Petroleum Corporation
LGTT - LIGATT Security International, Inc.
ISPH - Inspire Pharmaceuti
SFIO - SMOKEFREE INNOTEC INC
IRE - IRELAND GOVERNOR
PWLK - Task Management Inc.
BLUG - Blugrass Energy Inc
AIB - Allied Irish Bk
UYMG - Unity Management Gr
KBH - Kaufman and Broad H
VRED - Virtual Ed Link, Inc.
ANF - ABERCROMBIE & FITCH CO
NRTLQ - NORTEL NETWORKS COR
CLKZ - Clicker Inc
CBST - Cubist Pharmaceutic
CKEI - Clickable Enterprises, Inc.
ISIL - Intersil Holding Co
DGW - Duoyuan ADR
RTK - Rentech Inc
QCOR - Questcor Pharm
PSEC - Prospect Cptl Cp
ABH - ABITIBIBOWATER INC
OLNK - OneLink Corporation
VHC - PASW Inc.
GRNE - Green Endeavors, Ltd.
KYN - KAYNE ANDERSON MLP
CRGO - Cargo Connection Logistics Holding, Inc.
IDWAF - Id Watchdog Inc
FSIN - Fushi Copperweld
CGC - Capital Gold Corp
AVVH - AvVaa World Health Care Products, Inc.
VSHC - VisualMED Clinical Systems Corp.
DMND - DIAMOND FOODS
NVGN - Novogen Limited
ARET - Arete Industries, Inc.
OPTR - Optimer Pharmaceutical
GSPI - GREEN STAR PRODUCTS
INSV - Insite Vision Inc
MERU - Meru Networks
TGP - TEEKAY LNG PARTNERS
AVNW - Haris Stratex
AAU - ALMADEN MINERALS LTD
CGHI - Centurion Gold Holdings, Inc.
SNSS - Sunesis Pharmaceutical
HOCPY - Hoya Corporation
GNVC - GenVec Inc
Earnings Announcements for Wednesday
Apogee Enterprises Inc - APOG
B&H Ocean Carriers Ltd - BHO
Bed Bath and Beyond Inc - BBBY
Converted Organics Inc - COIN
Energy Incorporated - EGAS
Golden Enterprises Inc - GLDC
Hemispherx Biopharma, Inc - HEB
HQ Sustainable Maritime Industries Inc - HQS
Immucor Inc - BLUD
MFRI Inc - MFRI
Mgt Capital Investments Inc - MGT
Monsanto Co - MON
Msc Industrial Direct Co Inc - MSM
National American University Holdings Incorporated - NAUH
Navios Maritime Acquisition Corporation - NNA
Newlead Holdings Ltd - NEWL
Oceanfreight Inc - OCNF
Richardson Electronics Ltd - RELL
Roberts Realty Investors Inc - RPI
Ruby Tuesday Inc - RT
Skyline Corporation - SKY
Standard Microsystems Corp - SMSC
Star Buffet Inc - STRZ
Superior Bancorp - SUPR
Universal Travel Group - UTA
The following list show stocks whose volume has been increasing over the last 3 trading sessions
BSX - BOSTON SCIENTIFIC CORP
AMD - ADVANCED MICRO DVCS
AMAT - Applied Materials
RIMM - Research in Motion
MPEL - Melco Crown Adr
CGC - Capital Gold Corp
JASO - JA Solar Holdings C.
RVBD - Riverbed Technology
TYC - TYCO INTL LTD
PDLI - PDL BioPharma
ESRX - Express Scripts, Inc.
NGD - DRC RESOURCES CP
MDY - MidCap SPDRS
LPX - LOUISIANA PACIFIC CORP
LTD - LIMITED INC
DHR - DANAHER CORP
GMCR - Green Mountain Coffee
ADI - ANALOG DEVICES INC
NWS - News Corp Ltd ADR
URI - UNITED RENTALS INC
LB - LaBarge Inc
GR - BF GOODRICH CO
FCS - FAIRCHILD SEMICONDUCTOR
GRMN - Garmin Ltd
VSEA - Varian Semiconductor
EFX - EQUIFAX INC
ARR - Armour Resd Reit
BRKS - Brooks Automation
RMD - RESMED INC
MGA - MAGNA INTL INC CL A
COT - COTT CORP
NUS - Nu Skin Enterprises
TTI - T E T R A TECHNOLOGIES
LPNT - LifePoint Hospitals
LKQX - LKQ CP
ASCA - Ameristar Casinos
CONN - CONN'S INC
AMCC - Applied Micro Circuits
VMC - VULCAN MATERIALS CO
HOGS - Strong Technical Inc
WG - WILLBROS GROUP INC
CNL - CLECO CORP
MLNK - CMGI, Inc.
BCSI - Blue Coat Systems Inc
NXTM - NXSTAGE MEDICAL INC
GPK - Graphc Pack Hldg
HUBG - Hub Group, Inc.
CBZ - CBIZ Inc
WAT - WATERS CORP
SIGA - SIGA Technologies Inc.
ACGL - Arch Capital Group Ltd
WTNY - Whitney Holding Corporation
WAB - WABTEC
NSTC - NESS TECHNOLOGIES INC
BEBE - bebe stores, inc.
ABMD - ABIOMED, Inc.
ENS - ENERSYS
CRDN - Ceradyne, Inc.
GSIT - GSI Technology
BWLD - BUFFALO WILD WINGS INC
BPI - Bridgepoint Education
PRX - Par Pharma Cos
FSP - Franklin St Prop
TREX - TREX CO INC
AZSEY - ALLIANZ Se
CNA - CNA FINANCIAL CORP
WPP - Wausau Paper
BSQR - BSQUARE Corporation
POWI - Power Integrations
MMYT - MakeMyTrip Ltd
QDEL - Quidel Corporation
2y ASGN - On Assignment, Inc.
CBEY - Cbeyond Inc
MKTX - MARKETAXESS HLDGS INC
MHLD - Maiden Hldgs Ltd
AIT - APPLIED INDL TECH INC
NCV - Nicholas Applegate
QSII - Quality Systems, Inc.
SYA - Symetra Financial Corp
SHLM - A. Schulman, Inc.
GPRE - GREEN PLAINS REN ERG
HITT - HITTITE MICROWAVE CO
NPO - ENPRO INDUSTRIES INC
DGIT - DG FastChannel
PSEM - Pericom Semiconductor
SMRT - Stein Mart, Inc
TMH - Team Health Holding
KFRC - kforce.com Inc
EEFT - Euronet Services, Inc.
HAE - HAEMONETICS CORP
DWSN - Dawson Geophysical
TU - TELUS Corp
MEI - Methode Electronics
EMAN - eMagin Corp
GWX - SPDR IDX INTL SC
SB - SAFE BULKERS INC
GNCMA - General Communication
VCBI - Virginia Commerce B.
CGI - Celadon Group, Inc.
MWIV - MWI VETERINARY SUPPLY
BTN - Balantyne Strong
ADY - Feihe Intl
IMN - IMATION CORP
DDAIF - Daimler
AVD - Amer Vanguard Cp
UFPT - UFP Technologies, Inc.
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
