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Monday, May 16, 2011 

Some Bullish Setups for Tuesday

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The earlier bullish outlook remains unaltered. Excellent relative strength to broad market. Elan Corporation, plc (NYSE:ELN) traced out a nice setup and the upside breakout has a lot of power. Volume surged and this breakout looks like it is here to stay. Fresh exposures may be considered on price weakness, with a stop-loss at $8.16. A close above $8.89 may be used to enhance exposures.  There looks to be good upside in ELN, so keep it on your radar the next few days.

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Deckers Outdoor Corporation (NASDAQ:DECK) is still sitting on its 50-day so we will be watching this closely to see how the stock reacts over the coming days.

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Discover Financial Services (NYSE:DFS) looks to be setting up for an upside move. The stock is in the top of a short-term trading range. Resistance is $25.12.  At this stage it is definitely a wait and see if the resistance will be easily taken out by the bulls. Stay tuned.

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Trius Therapeutics, Inc. (NASDAQ:TSRX) is a low volume small cap stock that has been in a nice uptrend for the last 4 sessions and it looks very strong with both 20-day and 50-day moving average going up while %K line is on top of %D line. TSRX is now on the overbought level, so this means a possible correction is near. This may give us a chance to jump in on the stock when it moves lower. This is a stock to keep an eye on for awhile.

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Other stocks to watch :
 
Unusual volume in today's trading session

AVEW - ActionView International, Inc.
VITA - Orthovita, Inc.
CNOZ - Tiger Ethanol International
JCP - PENNEY J C CO INC
PVSP - eLEC Communications
PRM - PRIMEDIA INC
SPXA - SpectrumDNA Inc
ABIO - Arca Biopharma
EVPH - Everybody’s Phone Company
RMBS - Rambus, Inc.
CISG - CNinsure Inc
CTCC - City Capital Corp
SMNPF - SCORPIO MINING CORP
MSMY - MC Endeavors Inc
ECMZ - EcoEmissions Solutions
NPDT - Newport Digital Technologies, Inc.
TISA - Top Image Systems
MITK - Mitek Systems, Inc.
ENOC - EnerNOC Inc
SIGA - SIGA Technologies Inc.
KONG - KongZHong Cp
CYTK - CYTOKINETICS INC
TSTC - Milestone Capital Inc
SRCO - SPARTA COMMERCIAL S
CNTF - CHINA TECHFAITH WIRE
PSPW - 3Pow Energy Grp
JADE - LJ Intl Inc
FXCM - FXCM INC
DIGA - Digital Angel Co
HPGS - High Plains Gas Inc
ARWD - CNE Group Inc
CMEY - cMoney Inc
MZEI - Medizone International
PSO - Pearson PLC
GYPH - Gryphon Gold Corp
EGT - Entert Gmng Asia
PVHO - Provision Holding Inc
SORL - SORL Auto Parts Inc
URGP - Valentis Inc
ISYS - Integral Systems, Inc.
SDTH - Shengdatech
CCME - China Media Xprs
TIXC - Tix Corp
RDNT - Primedex Health Sys
TZYM - Tranzyme
SPEC - Spectrum Control, Inc.
QKLS - Forme Capital Inc
SGYP - Synergy Pharmaceutical
VHGI - Vhgi Holding Inc

New 52-week high stocks


INTC - Intel Corporation
JCP - PENNEY J C CO INC
ICO - INTERNATIONAL COAL
PRM - PRIMEDIA INC
FE - FIRSTENERGY CORP
DFS - Discover Financial
LLY - LILLY ELI & CO
DUK - DUKE ENERGY CORP
ELN - ELAN CORP P L C
AET - AETNA INC
AXP - AMERICAN EXPRESS CO
CVS - CVS Caremark Corp
MCD - MCDONALDS CORP
SOLR - GT Solar International
BAX - BAXTER INTERNATIONAL
SO - SOUTHERN CO
DAR - Darling Intl
NVS - NOVARTIS A G
CHS - Chicos FAS Inc
XEL - XCEL ENERGY INC
SGEN - Seattle Genetics
AEE - AMEREN CORP
CNTF - CHINA TECHFAITH WIRE
ALKS - Alkermes, Inc.
ONTY - Biomira Inc.
VECO - Veeco Instruments Inc.
IMAX - Imax Corporation
NEE - Nextera Energy
PPH - Pharmceutical Hldrs
RHHBY - Roche Holding Ltd S
SKM - S K TELECOM CO LTD
PGN - Progress Energy Inc
HS - HEALTHSPRING INC
XRAY - DENTSPLY International
MHP - MCGRAW HILL COS INC
DPZ - DOMINO'S PIZZA INC
LLL - L3 Comm
SDT - SandRidge Mississip
KCI - KINETIC CONCEPTS INC
RTI - R T I INTERNATIONAL
HLS - HEALTHSOUTH Corp.
N - Netsuite Inc
WCG - WELLCARE HEALTH
DTE - D T E ENERGY CO
LO - Lorillard Inc

Earnings Announcements for Tuesday

AbitibiBowater Inc - ABH
Advanced Battery Technologies Inc - ABAT
Analog Devices Inc - ADI
Aoxing Pharmaceutical Co Inc - AXN
Astro Med Inc - ALOT
BPZ Resources Inc - BPZ
Cadiz Inc - CDZI
Capstone Therapeutics Corp - CAPS
Central Bancorp Inc - CEBK
Champion Industries Inc - CHMP
China Precision Steel Inc - CPSL
China Real Estate Information Corp - CRIC
China Wind Systems Inc - CWS
Converted Organics Inc - COIN
Cubic Energy Inc - QBC
Dell Inc - DELL
Dicks Sporting Goods Inc - DKS
DRI Corp - TBUS
Elong Inc - LONG
Gilat Satellite Networks Ltd - GILT
Gushan Environmental Energy Ltd - GU
Hearusa Inc - EAR
Hilltop Holdings Inc - HTH
Home Depot Inc - HD
Hyperdynamics Corp - HDY
InterXion Holding NV - INXN
Jacada Ltd - JCDA
Jaguar Mining Inc - JAG
Jiangbo Pharmaceuticals Inc - JGBO
Ku6 Media Co Ltd - KUTV
Landec Corp - LNDC
Life Partners Holdings Inc - LPHI
Limoneira Co - LMNR
Livedeal Inc - LIVE
Micronetics Inc - NOIZ
Monro Muffler Brake Inc - MNRO
O Charleys Inc - CHUX
Panhandle Oil And Gas Inc - PHX
Pansoft Co Ltd - PSOF
Pernix Therapeutics Holdings Inc - PTX
Providence and Worcester Railroad Co - PWX
PSB Holdings Inc (Connecticut) - PSBH
Quantum Corp - QTM
Saks Inc - SKS
Sino Clean Energy Inc - SCEI
Syntroleum Corp - SYNM
Sypris Solutions Inc - SYPR
TeamStaff Inc - TSTF
TJX Companies Inc - TJX
TransAtlantic Petroleum Ltd - TAT
Trina Solar Ltd - TSL
ULURU Inc - ULU
UniTek Global Services Inc - UNTK
Vera Bradley Inc - VRA
Versar Inc - VSR
Viasat Inc - VSAT
Wal-Mart Stores Inc - WMT
Xfone Inc - XFN
Yucheng Technologies Ltd - YTEC

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

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  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 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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