Wednesday's Stocks to Watch, May 25
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Bank of America Corporation (NYSE:BAC) has a strong support around $11 from where it could attempt a bounce back. On daily chart, the technical indicators are not showing any signs of a recovery. Only the RSI has made a higher bottom which could lead to a pullback.
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Netflix, Inc. (NASDAQ:NFLX) - The daily technical indicators of the stock are losing momentum and are close to flashing some sell signals, however until near term support is broken near $235 ( 50 day sma ) it is hard to get too negative. Some indicators are displaying negative divergences as they failed to make new highs. The stock made a new high of $254.98 on April 25, but none of the technical indicators came even close to a new high. This negative divergence will help the bear cause. Insider selling also indicates bearishness. It's because of the technical indicators and some fundamentals that I retain my bearish bias. I believe this stock is overvalued now.
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FormFactor, Inc. (NASDAQ:FORM) - Despite today's sell-off, the stock holds its 200-day moving average, which it is sitting on right now. The technical indicators are looking weak but the slow stochastic is about to show a bullish cross, with the %K touching the %D line. If FormFactor's stock can go up again to bring %K line up, then you may want to consider buying the stock as it has pletty of room to go since ROC is at oversold level. I like this stock at current levels on a fundamental basis.
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Other stocks to watch :
Earnings Announcements for Wednesday
99 Cents Only Stores - NDN
American Eagle Outfitters Inc - AEO
Ascena Retail Group Inc - ASNA
BOS Better On Line Solutions Ltd - BOSC
Brown Shoe Co Inc - BWS
China Nepstar Chain Drugstore Ltd - NPD
China Nuokang Bio Pharmaceutical Inc - NKBP
Computer Sciences Corp - CSC
Conn's Inc - CONN
Costco Wholesale Corp - COST
Focus Media Holding Ltd - FMCN
Gigamedia Ltd - GIGM
Guess Inc - GES
Hormel Foods Corp - HRL
Kendle International Inc - KNDL
Linktone Ltd - LTON
LTX Credence Corp - LTXC
Medical Action Industries Inc - MDCI
NeoStem Inc - NBS
Netapp Inc - NTAP
Polo Ralph Lauren Corp - RL
Semtech Corp - SMTC
Shanda Games Ltd - GAME
Sigma Designs Inc - SIGM
Suntech Power Holdings Co Ltd - STP
Synovis Life Technologies Inc - SYNO
Toll Brothers Inc - TOL
Uroplasty Inc - UPI
Valence Technology Inc - VLNC
Zale Corp - ZLC
The following list show stocks whose MFl (15) has been increasing over the last 2 sessions
S - Sprint Corp FON Group
MSFT - Microsoft Corporation
LNG - Cheniere Energy Inc
EMC - EMC CORP
AMAT - Applied Materials
BRCD - Brocade Communication
VZ - Verizon Comm
HAL - HALLIBURTON CO HLDG CO
HK - Petrohawk Energy
RIMM - Research in Motion
ABX - BARRICK GOLD CORP
TXN - TEXAS INSTRUMENTS INC
MAS - Masco Corporation
IPG - INTERPUBLIC GRP OF COS
CHK - CHESAPEAKE ENERGY CORP
NEM - NEWMONT MINING CORP
HST - HOST MARRIOTT CORP
FLEX - Flextronics International
WAG - WALGREEN CO
AKAM - Akamai Technologies
CBST - Cubist Pharmaceutical
NFLX - Netflix, Inc.
TGT - TARGET CORP
BKS - BARNES & NOBLE INC
AMRN - Amarin Corporation
PHM - Pultegroup Inc
NOV - NATIONAL OILWELL INC
COV - Covidien Plc
EIX - EDISON INTERNATIONAL
CLF - Cliffs Natural Resources
TJX - TJX COMPANIES INC
PBI - PITNEY BOWES INC
WY - WEYERHAEUSER CO
BX - Blackstone Group LP
SUG - SOUTHERN UNION CO
ERTS - Electronic Arts Inc.
TER - TERADYNE INC
KOG - KODIAK OIL & GAS CP
WU - Western Union
NWL - NEWELL RUBBERMAID INC
ETN - EATON CORP
NVLS - Novellus Systems, Inc.
MAT - Mattel Co
CFSG - UNIPRO FINL SVCS INC
SOHU - Sohu.com Inc.
SWY - SAFEWAY INC
NG - NOVAGOLD RESOURCES INC
BBBY - Bed Bath & Beyond Inc.
NGD - DRC RESOURCES CP
SVM - Silvercorp Metal
PIR - Pier 1 Imports Inc
DHR - DANAHER CORP
TIBX - TIBCO Software, Inc.
HLIT - Harmonic Inc.
AOL - AOL Inc
EOG - EOG Resourses
GRMN - Garmin Ltd
DAN - Dana Corp
CTXS - Citrix Systems, Inc.
EXK - ENDEAVOUR SILVER
RDC - ROWAN COS INC
PWR - QUANTA SVCS INC
SBAC - SBA Communications
WLL - WHITING PETROLEUM CP
GRS - GAMMON GOLD
HUM - HUMANA INC
FFIV - F5 Networks, Inc.
REDF - Rediff Com
RAX - Rackspace Hosting Inc
VMW - VMWARE INC CLASS
MAKO - MAKO SURGICAL CORP
NIHD - NII Holdings Inc
ITT - ITT Corp
BC - BRUNSWICK CORP
ACHN - Achillion Pharmaceutical
ACOR - ACORDA THERAPEUTICS
CRK - COMSTOCK RESOURCES INC
INFN - Infinera Corp
SMOD - SMART MODULAR TEC
NYT - New York Times Co
JNY - The Jones Group
HP - HELMERICH & PAYNE INC
NFX - NEWFIELD EXPLORATION
SFSF - SuccessFactors Inc
SKX - SKECHERS USA INC
TAP - ADOLPH COORS CO
JAG - JAGUAR MINING INC
LOGI - Logitech International
PX - PRAXAIR INC
AXS - AXIS CAPITAL HLDGS LTD
OCLR - Bookham Technology plc
MOBI - Sky-mobi
ROVI - Macrovision Corporation
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
