Technical setups for Next Week
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Friday was perfect for Fortinet, Inc. (NASDAQ:FTNT) because it set a new all time high on big volume coming out of a consolidation. This is the perfect set-up for buying stocks. I'll be watching the stock next week, looking for a follow through move. As long as the stock stay above $24.85, the bullish scenario still intact. Technical chart shows very strong bullish sign. First of all the stock is trading above both 50-day and 200-day moving average with both moving average pointing upwards. Then the MACD indicator is rising above "0" also indicating a buy. In addition, KD line still show the stock is on the positive swing.
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I mentioned a few times on twitter over the past days how TKLC was looking bullish to me and nothing has occurred on the chart to sway my initial thoughts, in fact, I initiated a long position in the stock this week, when it crossed its 50-day moving average. Looking at the chart, the stock has been in a short-term uptrend, making higher highs and higher lows and it has been steadily finding support on pullbacks. Result of increasing price turn shows that MFI is increasing again. MACD Histogram is confirming an up trend like the same. The resistance of up trend which will be considered next week is defined at $9.31. I keep my long position in it.
Shares of A123 Systems, Inc. (NASDAQ:AONE) continue to trade below $5. If A123 Systems can close above the 20 day moving average and hold it, I feel the stock can start a new uptrend. Mixed signals are seen on the technical chart above. Stochastic analysis is signaling a neutral outlook with the K% and D% overlapping. However, MACD Histogram is flashing bullish outlook while RSI shows oversold readings.
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Shares of A123 Systems, Inc. (NASDAQ:AONE) continue to trade below $5. If A123 Systems can close above the 20 day moving average and hold it, I feel the stock can start a new uptrend. Mixed signals are seen on the technical chart above. Stochastic analysis is signaling a neutral outlook with the K% and D% overlapping. However, MACD Histogram is flashing bullish outlook while RSI shows oversold readings.
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Lululemon Athletica inc. (NASDAQ:LULU) should re-test the breakout trend line, giving us another opportunity to enter.
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Other stocks to watch :
New 52-week High stocks
SUG - SOUTHERN UNION CO
SOLR - GT Solar International
FTNT - Fortinet Inc
QLIK - Qlik Technologies Inc
ARIA - ARIAD Pharmaceutical
ULTA - Ulta Salon Cosmetic
CATM - Cardtronics Inc
SREV - ServiceSource International
HANS - Hansen Natural Corp
CROX - CROCS INC
ENTG - Entegris, Inc.
CBOU - CARIBOU COFFEE COMP
ELGX - Endologix Inc
OKE - ONEOK INC
SGEN - Seattle Genetics
PCYC - Pharmacyclics
TDC - Teradata Corp
SCLN - SciClone Pharmaceutical
MILL - Miller Energy Resources
JVA - COFFEE HOLDING CO INC
TPX - TEMPUR-PEDIC INTL INC
CONN - CONN'S INC
CRS - CARPENTER TECH CORP
RBN - ROBBINS & MYERS INC
BGS - B&G Foods Inc
TSCO - Tractor Supply Company
GCO - GENESCO INC
PRM - PRIMEDIA INC
BWLD - BUFFALO WILD WINGS INC
FOSL - Fossil, Inc
RURL - Rural/Metro Corporation
New 52-week Low stocks
MS - Morgan Stanley
PTIE - Pain Therapeutics
NYB - New York Community
FRO - FRONTLINE LTD
GS - GOLDMAN SACHS GROUP
WFR - MEMC Electronic Mat.
BCS - BARCLAYS P L C
NTRS - Northern Trust Corp
HCBK - Hudson City Bancorp
STRI - STR Holdings
NKTR - Nektar Therapeutics
JEF - JEFFERIES GROUP INC
IBKR - Interactive Brokers
AUXL - AUXILIUM PHARMACEUTICAL
SVNT - SAVIENT PHARMS
KCG - Knight Capital
LOGI - Logitech International
CLGX - FIRST AMERICAN CORP
FBR - Votorantim Adr
ITRI - Itron, Inc.
ORI - OLD REPUBLIC INTL CORP
GRFS - Grifols SA
DLB - DOLBY LABORATORIES INC
HTH - Hilltop Holdings
NKA - Niska Gas Storage P
PT - PORTUGAL TELECOM
Unusual volume on Friday's session
MU - Micron Technology
WFT - Weatherford International
GM - General Motors Corp
STX - Seagate Tech
ACAS - American Cap Ltd
SUG - SOUTHERN UNION CO
TIBX - TIBCO Software, Inc.
QGEN - Qiagen N.V.
WMB - WILLIAMS COS INC
SNDK - SanDisk Corporation
AGNC - American Capital Ag
LYB - Lyondell Basell Ind
RVBD - Riverbed Technology
SOLR - GT Solar International
CSX - C S X CORP
BEXP - Brigham Exploration Co
SFSF - SuccessFactors Inc
NYT - New York Times Co
FTNT - Fortinet Inc
CHMT - Chemtura Corp
RMBS - Rambus, Inc.
CVI - CVR Energy Inc
SOA - Solutia Inc
KMI - Kinder Morgan Inc
HCA - HCA Holdings
ARBA - Ariba, Inc.
SWFT - Swift Transportation
AVGO - Avago Technologies
QLIK - Qlik Technologies Inc
ONTY - Biomira Inc.
PTIE - Pain Therapeutics
ARO - AEROPOSTALE INC
ARR - Armour Resd Reit
OCZ - OCZ Technology Group
VMED - Virgin Media Inc
GTI - GrafTech International
CVG - CONVERGYS CORP
LEAP - LEAP WIRELESS INTL
NDSN - Nordson Corporation
BIIB - IDEC Pharmaceutical
BRKR - Bruker Corp
BXS - BANCORPSOUTH INC
RAX - Rackspace Hosting Inc
ACHN - Achillion Pharmaceutical
MDRX - Allscript Health
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
Labels: AONE, FTNT, LULU, TKLC
