Stock Picks and Trade Ideas for Friday, May 20
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Tellabs, Inc. (NASDAQ:TLAB) was one of the stronger stocks today bouncing off support. Formed a nice bullish engulfing pattern and volume was above average on the day, which is bullish. The technical chart also shows that stochastics are turning back up from an oversold condition indicating a rally could be on the horizon. A close above the 20 day average which resides at $4.80 will re-establish the short-term bullish posture of the stock with $5.01 as the next upside objective. If I was short I would be nervous about it failing to breakdown. Move TLAB to your watch list.
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Netflix, Inc. (NASDAQ:NFLX) has produced yet another failed rally near $246. The action in NFLX today doesn't look bullish. Overall nothing has changed and the stock continues to look bearish in the short-term.
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Global Payments Inc. (NYSE:GPN) tried to break out but the weak market pulled the stock down from its high on the day. The stock hit a high of $53.65 which is now resistance for Friday’s follow through move. Although this trend is encouraging, the near-term outlook stays cautious till the stock closes conclusively above this level on heavy volume. Bulls could remain invested with a stop loss at $51.54.
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NRG Energy, Inc. (NYSE:NRG) continues to consolidate, but could make a breakout move soon. The stock is sitting on its 5-day sma, gaining momentum for an upcoming move. Resistance is $25.14. I expect to see a strong upside move if the stock can break through this resistance level. Watch the stock closely on Friday.
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Other stocks to watch :
Earnings Announcements for Friday
AgFeed Industries Inc - FEED
Ann Inc - ANN
Books A Million Inc - BAMM
Cadiz Inc - CDZI
Camelot Information Systems Inc - CIS
Donaldson Co Inc - DCI
E Commerce China Dangdang Inc - DANG
E-House (China) Holdings Ltd - EJ
Escalon Medical Corp - ESMC
Gold Reserve Inc - GRZ
Hibbett Sports Inc - HIBB
Hilltop Holdings Inc - HTH
Landec Corp - LNDC
Life Partners Holdings Inc - LPHI
Marine Petroleum Trust - MARPS
Micronetics Inc - NOIZ
Omega Navigation Enterprises Inc - ONAV
Qiao Xing Universal Resources Inc - XING
Radient Pharmaceuticals Corp - RPC
Raven Industries Inc - RAVN
Tat Technologies Ltd - TATT
Wireless Telecom Group, Inc. - WTT
Wuhan General Group (China) Inc - WUHN
Yingli Green Energy Holding Co Ltd - YGE
The following list show stocks whose MFl (15) has been increasing over the last 2 sessions
PFE - PFIZER INC.
S - Sprint Corp FON Group
C - CITIGROUP INC
MGM - Mgm Resorts Int
JPM - JP Morgan and Co
FTR - Frontier Communicat
PBR - PETROLEO BRASILEIRO
VALE - Vale S A
CMCSA - Comcast
EXPE - EXPEDIA INC
MO - ALTRIA GROUP
EP - EL PASO CORP
SD - Sandridge Energy Inc
CBS - CBS Cl B
MS - Morgan Stanley Dean
PCS - MetroPcs Communication
VLO - VALERO ENERGY CORP NEW
POT - POTASH CORP SASKATC
SODA - SodaStream International
GGB - GERDAU
BRCM - Broadcom Corporation
ABX - BARRICK GOLD CORP
ANR - ALPHA NATURAL RESOURCES
CX - CEMEX S.A.
TWX - AMERICA ONLINE INC
AXP - AMERICAN EXPRESS CO
CTL - Centurylink Inc
PBRA - Petroleo Brasileiro
LYB - Lyondell Basell Ind
MDT - MEDTRONIC INC
WIN - Windstream Corp
TSO - Tesoro Corp
X - U S X-U S STEEL GROUP
MOS - Mosaic Co
VRSN - VeriSign, Inc.
ETFC - E*Trade Financial
BBT - BB&T CORPORATION
EGO - ELDORADO GOLD CP
HRB - BLOCK H & R
TCK - Teck Recs B
DF - DEAN FOODS INC
CKXE - CKX Inc
MEE - Massey Energy Co
HK - Petrohawk Energy
PCX - Patriot Coal Corp
SYY - SYSCO CORP
BEXP - Brigham Exploration Co
RIG - Transocean Ltd
NFLX - Netflix, Inc.
GIS - GENERAL MILLS INCORPORATION
VMED - Virgin Media Inc
KSS - KOHLS CORP
NE - NOBLE DRILLING CORP
GME - GAMESTOP CP
MAR - MARRIOTT INTL INC
SCCO - Southern Copper Cp
ERTS - Electronic Arts Inc.
TTWO - Take-Two Interactive
COV - Covidien Plc
CBG - CB RICHARD ELLIS GR
WINN - WINN-DIXIE STORES
AMTD - TS Ameritrade Holdings
CVI - CVR Energy Inc
FFIV - F Networks, Inc.
CNX - CONSOL Energy Inc
FTO - FRONTIER OIL CORP
BAX - BAXTER INTERNATIONAL
CCJ - CAMECO CORP
RRD - Donnelley (RR) & Sons
ORI - OLD REPUBLIC INTL CORP
FMCN - Focus Media Hldg
TCB - T C F FINANCIAL CORP
WDC - WESTERN DIGITAL CORP
OGXPY - OGX Petroleo E Gas
TIVO - TiVo Inc.
IGT - INTERNATIONAL GAME
VVUS - Vivus, Inc.
XEL - XCEL ENERGY INC
HNZ - HEINZ H J CO
OC - Owens Corning Inc
AONE - A Systems Inc
ARO - AEROPOSTALE INC
MTL - MECHEL OAO
CMS - C M S ENERGY CORP
SQNM - Sequenom, Inc.
QLGC - QLogic Corporation
PLAB - Photronics, Inc.
WLT - Walter Energy
LPX - LOUISIANA PACIFIC CORP
EAT - BRINKER INTL INC
CNK - Cinemark Holdings Inc
TS - Tenaris SA
HOC - Holly Cp
LEG - LEGGETT & PLATT INC
ONXX - ONYX Pharmaceutical
UPL - ULTRA PETROLEUM CP
AMRN - Amarin Corporation
NEOP - Neoprobe Corp
VMW - VMWARE INC CLASS A
MI - MARSHALL & ILSLEY CORP
SGEN - Seattle Genetics
AMP - AMERIPRISE FINANCIAL
NBL - NOBLE AFFILIATES INC
BYD - BOYD GAMING CORP
UA - UNDER ARMOUR INC
LEAP - LEAP WIRELESS INTL
TC - BLUE PEARL MINING LT
VOLC - VOLCANO CORPORATION
ATW - ATWOOD OCEANICS
NEE - Nextera Energy
VTR - Ventas Inc
SNOFF - SINO FOREST CORP
MOTR - Motricity Inc
NI - NISOURCE INC
TZOO - Travelzoo Inc
CNTF - CHINA TECHFAITH WIRE
CLR - Continental Resources
WMG - WARNER MUSIC GROUP
LWSN - Lawson Software, Inc.
MAKO - MAKO SURGICAL CORP
BMC - BMC Software Inc
DANG - E-Commerce China Da
KERX - Keryx Biopharma
AZPN - Aspen Technology, Inc.
LPL - LG Display Co
AV - AVIVA PLC
JEC - JACOBS ENGR GROUP INC
FBR - Votorantim Adr
NSU - NEVSUN RESOURCES LTD
DPZ - DOMINO'S PIZZA INC
LULU - lululemon atlétical
KNX - Knight Transportation
LUK - LEUCADIA NATIONAL CORP
WCN - Waste Connections Inc
ASBC - Associated Banc-Corp
BCS - BARCLAYS P L C
SNE - SONY CORP
PQ - Petroquest Energy Inc
REXX - Rex Energy Corp
GPN - GLOBAL PAYMENTS INC
MICC - Millicom International
ERF - Enerplus Corp
MYGN - Myriad Genetics, Inc.
IRC - INLAND RE CORP
EL - ESTEE LAUDER COMPANIES
RHT - Red Hat, Inc.
BCR - BARD C R INC
BMRN - BioMarin Pharmaceutical
CELL - Brightpoint, Inc.
HSP - HOSPIRA INC
MELI - MercadoLibre Inc
HRL - HORMEL FOODS CORP
PPO - Polypore International
MTZ - MASTEC INC
EMS - EMERGENCY MEDICAL S
LNCE - Snyders-Lance
BBG - Bill Barrett Corp
CSA - COGDELL SPENCER INC
TSS - TOTAL SYSTEM SVCS INC
DB - DEUTSCHE BANK AG
PRM - PRIMEDIA INC
LXK - Lexmark International
ENTG - Entegris, Inc.
SAPE - Sapient Corporation
CLD - Cloud Peak Energy Inc
DCTH - Delcath Systems, Inc.
DECK - Deckers Outdoor Corp.
HANS - Hansen Natural Corp.
RY - ROYAL BANK OF CANADA
OPEN - Opentable Inc
PDC - Pioneer Drilling Co
QLIK - Qlik Technologies Inc
LII - Lennox International
PSS - Collective brands
BXS - BANCORPSOUTH INC
OPTR - Optimer Pharmaceutical
MITK - Mitek Systems, Inc.
ABMD - ABIOMED, Inc.
COT - COTT CORP
CERN - Cerner Corporation
BC - BRUNSWICK CORP
SJM - Smucker JM Co
ACM - Aecom Technology Corp
HTLD - Heartland Express
INT - WORLD FUEL SVCS CORP
DISCK - Discovery Communication
ACOR - ACORDA THERAPEUTICS
VAL - VALSPAR CORP
WOR - WORTHINGTON INDS INC
ACTG - Acacia Research Corp
CLB - CORE LABORATORIES
URS - U R S CORP
SMSI - Smith Micro Software
SMT - Smart Technologies Inc
UIS - UNISYS CORP
ASNA - Ascena Retail Group
VHC - PASW Inc.
GEO - WACKENHUT CORRECTIONS
WTNY - Whitney Holding Corporation
RCII - Rent-A-Center Inc.
RSO - RESOURCE CAPITAL CORP
SCLN - SciClone Pharmaceutical
KAR - KAR Auction Service
BMO - BANK OF MONTREAL
SFE - Safeguard Scien
CATY - Cathay Gen Bancorp Inc
KRO - KRONOS WORLDWIDE INC
ALJ - ALON USA ENERGY INC
AVEO - AVEO Pharmaceutical
AKRX - Akorn, Inc.
SLGN - Silgan Holdings, Inc.
IRDM - Iridium Comm Inc
CSTR - Coinstar, Inc.
BAP - CREDICORP LTD
ABG - GROUPE AB S A
MKC - MCCORMICK & CO INC
AN - AUTONATION INC
EQY - Equity One Inc
ALR - Alere Inc
BIOS - MIM Corporation
TNAV - TeleNav Inc
TM - TOYOTA MOTOR CORP
FXEN - FX Energy, Inc.
ELGX - Endologix Inc
CVO - MAIL WELL INC
TESO - Tesco Corporation
TLEO - TALEO CORPORATION
TRAD - TradeStation Group Inc
WMS - W M S INDUSTRIES INC
FSR - Flgstn Reins Hld
ENB - ENBRIDGE INC
GHL - GREENHILL & CO INC
HRBN - HARBIN ELECTRIC INC
LUFK - Lufkin Industries
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
