Stock picks for Tuesday, June 27
( click to enlarge )
Shares of Northern Oil & Gas, Inc. (AMEX:NOG), surged for the third straight day by adding 3.89% or 75 cents to $20.05 per share. Momentum indicators are slightly bullish now with RSI inching away above the middle level. The technical daily chart shows the stock was on a bouce back rally as %K line is rising on top of %D line. The strongest sign of a bullish momentum is the MACD indicator which has just started to increase. The On Balance Volume is also showing positive signs on the stock. Price is expected to at least rally the next resistance at $21 and even go higher to test the next resistance level at $23.10. The forecast is valid only if the price of NOG stays above $19.20.
( click to enlarge )
Chipotle Mexican Grill, Inc. (NYSE:CMG) has been on fire the past few weeks, and looks ready to make another upside move. The stock broke out of a consolidation range as the stock closed up $8.21 on the day. Monday’s high was $302,72 which is resistance for Tuesday’s continuation move. As long as the stock stay above 260 area, the bullish scenario is still intact. Technical chart shows bullish sign with %K line on top of %D line and MACD on top of signal line.
( click to enlarge )
Today was a big day for A123 Systems, Inc. (NASDAQ:AONE). The stock failed to break down $4.76 and moved to top again, breaking out $5, one important mark of resistance, so I took a small position in this today and will add if it moves as I expect it to. My first target is now $5.51
( click to enlarge )
I believe that shares of FormFactor, Inc. (NASDAQ:FORM) have room for a significant uptick beyond these levels. Technically speaking, FORM is setup to move higher and could break the $9 mark and its 20-day moving average this week, something that could attract more traders to jump in and push shares even higher. Price has now crossed the 13-day moving average to the upside, another buy signal and an indication that the stock may have finally reached its bottom. RSI is also moving up and likely to cross its 50% level soon. In addition, MACD has a bullish crossover. Let's keep an eye on it.
Keep up to date by subscribing AC Investor Blog newsletter or RSS feed. You may wish to also follow me on Twitter.
Other stocks to watch :
The following list show stocks whose OBV has been increasing over the last 3 sessions
SUG - SOUTHERN UNION CO
SOLR - GT Solar International
FTNT - Fortinet Inc
ACN - Accenture Plc
QLIK - Qlik Technologies Inc
JCI - JOHNSON CONTROLS INC
BIIB - IDEC Pharmaceutical
GLUU - Glu Mobile Inc
MYL - Mylan Inc
ENTR - Entropic Communication
ONNN - ON Semiconductor Co.
NSTC - NESS TECHNOLOGIES INC
GPK - Graphc Pack Hldg
FNGN - Financial Engines Inc
CIGX - Star Scientific, Inc.
MDR - MCDERMOTT INTL INC
CLD - Cloud Peak Energy Inc
AH - Accretive Health Inc
IPGP - IPG PHOTONICS CORP
AVEO - AVEO Pharmaceutical
VRTX - Vertex Pharmaceutical
ONE - Higher One Holdings
TRW - TRW AUTOMOTIVE HLDG.
OSK - Oshkosh Corp
PNCL - PINNACLE AIRLINES CP
LPX - LOUISIANA PACIFIC CORP
RCKB - ROCKVILLE FINANCIAL
ENTG - Entegris, Inc.
MOBI - Sky-mobi
KBR - KBR Inc
STXS - STEREOTAXIS INC
CUTR - CUTERA INC
EMAN - eMagin Corp
OKE - ONEOK INC
TRS - Trimas Corp
MIND - Mitcham Industries
SGEN - Seattle Genetics
EXAS - Exact Sciences
CDXS - Codexis
TMH - Team Health Holding
JRCC - JAMES RIVER COAL CO
TXRH - TEXAS ROADHOUSE INC
GRM - GRAHAM PACKAGING CO
ASFI - Asta Funding, Inc.
MILL - Miller Energy Resources
FN - Fabrinet
GTLS - CHART INDUSTRIES
TNDM - Neutral Tandem Inc
BAS - BASIC ENERGY SERVICES
LPSN - LivePerson, Inc.
AATI - ADVANCED ANALOGIC
SAFM - Sanderson Farms, Inc.
DEPO - Depomed, Inc
SNE - SONY CORP
XRIT - X-Rite, Incorporated
CONN - CONN'S INC
BR - Broadridge Financial
CSIQ - Canadian Solar Inc
ELLI - Ellie Mae Inc
NSIT - Insight Enterprises
RBN - ROBBINS & MYERS INC
SYKE - Sykes Enterprises
BGS - B&G Foods Inc
SFN - Sfn Group Inc
HOLI - Holysy Auto Tech
AMAG - Amag Pharma
ALIM - Alimera Sciences
POWI - Power Integrations
GEVO - Gevo Inc
DRQ - DRIL QUIP INC
SPSC - Sps Commerce
CCOI - Cogent Communication
GHDX - GENOMIC HEALTH INC
WPZ - WILLIAMS PARTNERS L.P.
CISG - CNinsure Inc
LGND - Ligand Pharmaceutical
HTWR - Heartware Ltd
CAAS - CHINA AUTOMOTIVE SYSTEM
ESIC - Internet Commerce Corp
NTRI - Nutri/System Inc
USEG - U.S. Energy Corp.
CALM - Cal-Maine Foods, Inc.
CCIX - Coleman Cable Inc
UDRL - UNION DRILLING INC
ACIW - Transaction Systems
SLH - Solera Holdings Inc
KALU - Kaiser Aluminum Corp
IRBT - IROBOT CORPORATION
OPLK - Oplink Communication
PEGA - Pegasystems Inc.
WPRT - Westport Innovations
KFFG - K FED BANCORP
ST - Sensata Technologies
CHUX - O'Charley's Inc.
BTX - Biotime Inc
SUSS - Susser Holdings Corp
ANEN - Anaren Microwave, Inc.
FDML - Fedral-Mgul Corp
SCSC - ScanSource, Inc.
Earnings Announcements for Tuesday
American Learning Corp - ALRN
Arcadia Resources Inc - KAD
B&H Ocean Carriers Ltd - BHO
Cavico Corp - CAVO
CyberDefender Corp - CYDE
Euro Tech Holdings Co Ltd - CLWT
Life Partners Holdings Inc - LPHI
MSCI Inc - MSCI
Omnova Solutions Inc - OMN
Progress Software Corp - PRGS
RF Monolithics Inc - RFMI
Sealy Corp Inc - ZZ
Shaw Group Inc - SHAW
Simulations Plus Inc - SLP
Synnex Corp - SNX
Tel Instrument Electronics Corp - TIK
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
