Possible Bounce Plays for Thursday
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Hello Traders,
FormFactor, Inc. (NASDAQ:FORM) could be a solid bounce play after hitting a bottom where its support levels are. Take a look at the chart above to see the technicals on FORM....Technically speaking, the stock looks weak as the stock is still trading below both 50 day and 200 day moving average with MACD below 0. However, as %K line has crossed on top over %D line we probably could be expecting a rally. I believe that the stock is now at a bottom and setup for a big bounce to the upside. So, since it is trading at its support levels, there is an increasing likelihood to witness an increase in market valuation. FormFactor, Inc. is a financially solid company with great fundamentals and will continue to be an excellent play in its sector. The currrent price is also certainly very attractive. Based on both fundamental and technical reasons, there is a near term to midterm opportunity for shares of FORM and rebound to higher levels.
TEKELEC (NASDAQ:TKLC) caught my eye today. Volume was very high near its uptrend line support, suggesting a reversal. This stock could easily bounce back to near $8.45 a share.
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Tellabs, Inc. (NASDAQ:TLAB) showed some relative strength in today's trading session closing just 0.5% lower at $4.12. The near-term trend is bearish and the stock faces resistance at 4.17-4.22. A close above this range is a pre-requisite for the reversal of the bearish trend. Technically, the daily chart shows possible new rally as %K line has crossed on top over %D line while ROC is still at oversold level. Honestly, I think this stock is also undervalued and is ready for a nice ride upwards soon.
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TEKELEC (NASDAQ:TKLC) caught my eye today. Volume was very high near its uptrend line support, suggesting a reversal. This stock could easily bounce back to near $8.45 a share.
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Other stocks to watch :
New 52-week low stocks
CSCO - Cisco Systems, Inc.
NOK - NOKIA CORP
HPQ - HEWLETT-PACKARD CO
RIMM - Research in Motion
BRK.B - Berkshire Hathaway Inc
GNW - GENWORTH FINCL INC
AKAM - Akamai Technologies
CREE - Cree, Inc.
HCBK - Hudson City Bancorp
SID - Companhia Siderurgia
GFA - Gafisa SA
RSH - RADIOSHACK CORP
NKTR - Nektar Therapeutics
LOGI - Logitech International
OCLR - Bookham Technology plc
TIE - TITANIUM METALS CORP
ELNK - EarthLink, Inc.
FRO - FRONTLINE LTD
ELX - Emulex Corporation
CXS - CreXus Investment Corp
PHG - Koninklijke Philips
PWRD - Perfect World Co Ltd
INFN - Infinera Corp
SNE - SONY CORP
MDC - MDC HOLDINGS INC
LFC - CHINA LIFE INSUR CO
TX - TERNIUM S.A.
CLGX - FIRST AMERICAN CORP
WPP - Wausau Paper
BMTI - BIOMIMETIC THERAPEUT
PRE - PARTNER RE LTD
ITRI - Itron, Inc.
ENOC - EnerNOC Inc
Earnings Announcements for Thursday
Actuant Corp - ATU
Aerosonic Corp - AIM
China Finance Online Co Ltd - JRJC
China Jo Jo Drugstores Inc - CJJD
China Natural Resources Inc - CHNR
China Technology Development Group Corp - CTDC
China Xiniya Fashion Ltd - XNY
Culp Inc - CFI
First Capital Inc - FCAP
Kroger Co - KR
Pier 1 Imports Inc - PIR
School Specialty Inc - SCHS
Smart Modular Technologies (Wwh) Inc - SMOD
Smithfield Foods Inc - SFD
Subaye Inc - SBAY
Winnebago Industries Inc - WGO
The following list show stocks whose MFl (15) has been increasing over the last 2 sessions
BAC - BANK OF AMERICA CORP
INTC - Intel Corporation
GE - GENERAL ELECTRIC CO
JCP - PENNEY J C CO INC
MSFT - Microsoft Corporation
WFC - WELLS FARGO & CO
PFE - PFIZER INC.
C - CITIGROUP INC
JPM - JP Morgan and Co Inc
BBY - BEST BUY CO INC
DELL - Dell Inc
ORCL - Oracle Corporation
HPQ - HEWLETT-PACKARD CO
T - AT&T Inc
MGM - Mgm Resorts Int
LOW - LOWES COMPANIES INC
AMAT - Applied Materials
AA - ALCOA INC
XOM - EXXON MOBIL CORP
VLO - VALERO ENERGY CORP NEW
KEY - KEYCORP
FITB - Fifth Third Bancorp
VZ - Verizon Comm
VALE - Vale S A ADR
KGC - KINROSS GOLD CORP
JASO - JA Solar Holdings C.
AMD - ADVANCED MICRO DVCS
MRK - Merck & Co
STD - BANCO SANTANDER
PBR - PETROLEO BRASILEIRO SA
AMR - A M R CORP
JNJ - JOHNSON & JOHNSON
BBD - BANCO BRADESCO SA ADS
USB - US Bancorp
XRX - XEROX CORP
DOW - DOW CHEMICAL CO
SOLR - GT Solar International
TWX - AMERICA ONLINE INC
THC - TENET HEALTHCARE CORP
YOKU - Youku.com Inc. ADR
COP - ConocoPhillips
SYMC - Symantec Corporation
SLB - SCHLUMBERGER LTD
GLW - CORNING INC
CVX - Chevron
GPS - GAP INC
ITUB - Itau Unibnco Adr
DUK - DUKE ENERGY CORP
TGT - TARGET CORP
XL - Xl Group Plc
UNH - UNITEDHEALTH GROUP INC
MET - METLIFE INC
PBCT - People's Bank
HL - HECLA MINING CO
SLE - SARA LEE CORP
JDSU - JDS Uniphase Corporation
ACN - Accenture Plc
GRM - GRAHAM PACKAGING CO
LLY - LILLY ELI & CO
GGB - GERDAU USA
AUY - YAMANA GOLD INC
AXP - AMERICAN EXPRESS CO
ATVI - Activision, Inc.
LO - Lorillard Inc
MI - MARSHALL & ILSLEY CORP
BK - Bank Ny Mellon
EMR - EMERSON ELECTRIC CO
YGE - Yingli Green Energy
SOL - Renesola Ltd
AMX - America Movil SA
TSN - TYSON FOODS INC CL A
LNC - LINCOLN NATIONAL CORP
MDT - MEDTRONIC INC
CVS - CVS Caremark Corp
GNW - GENWORTH FINCL INC
TXT - TEXTRON INC
LDK - LDK Solar Co Ltd
STI - SUNTRUST BANKS INC
UAL - UAL CORP
WU - Western Union
KSS - KOHLS CORP
AMGN - Amgen Inc.
LUV - SOUTHWEST AIRLINES CO
MPEL - Melco Crown Adr
MFA - Mfa Financial
SU - SUNCOR ENERGY INC
PEP - PEPSICO INC
AFL - AFLAC INC
ERTS - Electronic Arts Inc.
WNR - WESTERN REFINING INC
BA - BOEING CO
VOD - Vodafone Gp Plc
BBT - BB&T CORPORATION
FRX - FOREST LABORATORIES
ALL - ALLSTATE CORP
DE - DEERE & CO
AET - AETNA INC
LYB - Lyondell Basell Ind
CVI - CVR Energy Inc
ONNN - ON Semiconductor Co
CAR - Avis Budget Group Inc
MTG - M G I C INVT CORP
UPS - UPS
STLD - Steel Dynamics, Inc.
NUE - NUCOR CORP
STT - STATE STREET CORP
TEVA - Teva Pharmaceutical
SVU - SUPERVALU INC
MYL - Mylan Inc
JCI - JOHNSON CONTROLS INC
MT - Arcelormittal
NTAP - NetApp Inc
MTW - MANITOWOC CO INC
ACAS - American Cap Ltd
NWL - NEWELL RUBBERMAID INC
OXY - OCCIDENTAL PETROLEUM
SWY - SAFEWAY INC
BAX - BAXTER INTERNATIONAL
FTO - FRONTIER OIL CORP
CVC - CABLEVISION SYSTEMS
DNR - DENBURY RESOURCES INC
DF - DEAN FOODS INC
ESRX - Express Scripts, Inc.
IGT - INTERNATIONAL GAME
SCCO - Southern Copper Cp
ETN - EATON CORP
FNSR - Finisar Corporation
HBC - HSBC Holdings PLC
NYX - NYSE EURONEXT INC
ELN - ELAN CORP P L C
PBRA - Petroleo Brasileiro
LEN - LENNAR CORP
TSL - Trina Solar Ltd
LLTC - Linear Technology C
ALTR - Altera Corporation
ARIA - ARIAD Pharmaceutical
CMCSK - Comcast Corporation
CL - COLGATE-PALMOLIVE C
ADP - Automatic Data Process
ADI - ANALOG DEVICES INC
BHI - BAKER HUGHES INC
PNC - PNC Financial Services
AGNC - American Capital Ag
PWER - Power-One, Inc.
BBBY - Bed Bath & Beyond Inc.
FE - FIRSTENERGY CORP
KMX - CarMax Inc
ORS - Orsus Xelent
CNX - CONSOL Energy Inc
CSIQ - Canadian Solar Inc
GIS - GENERAL MILLS INCORPORATION
SO - SOUTHERN CO
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
