Technical Trade Ideas for Friday, June 17

( click to enlarge )

Shares of Novatel Wireless, Inc. (NASDAQ:NVTL) soared 6.42% or 34 cents to $5.64 per share, continuing to react to the news of BMO Capital that Novatel's (NVTL) MiFi has emerged as the preferred LTE device at Verizon (VZ).The firm thinks the Street is underestimating Novatel's positive catalysts in 2H11 and it maintains above-consensus estimates for the company as well as an Outperform rating. The technical daily chart shows the stock is in a rally as %K line is rising on top of %D line as the price is back above 50-day moving average. In addition, the short-term downtrend line has been broken. At this stage, we can expect to see higher prices in the weeks to come. Another bullish indicator is the MACD which has made a cross over and bullish momentum has returned to the stock. The stochastics have turned up and RSI is now back in a neutral position. All short-term indicators are in upward path. Next resistance can be found between $6.20 and $6.30.

( click to enlarge )

A123 Systems, Inc. (NASDAQ:AONE) has pulled back to test the support trendline, will recover again, hold.

( click to enlarge )

THQ Inc. (NASDAQ:THQI) $3.32 -3.35 must hold in order to get a move through $3.60-3.65 for a move to perhaps $3.88. Volume is declining suggesting a pop is imminent.

( click to enlarge )

FormFactor, Inc. (NASDAQ:FORM) attempted to push higher today, slipped above $9, topped at $9.04 but closed at $8.80 on over 295.000 shares. Overall it was a disappointing trading session as the bulls failed to keep the stock above $9. Resistance stays at $9.05, which is a big area that the stock needs to break. The technical daily chart is showing a possible bottom here. In addition, %K line has just crossed on top over %D line showing buy signal as ROC is at oversold level. Watch FORM again on Friday, and once it breaks resistance we should see a strong upside move. You should keep this stock on your screen radar.

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 :

New 52-week low stocks

BAC - BANK OF AMERICA CORP
NOK - NOKIA CORP
RIMM - Research in Motion
HRBN - HARBIN ELECTRIC INC
CSX - C S X CORP
MRVL - Marvell Technology
GNW - GENWORTH FINCL INC
GGB - GERDAU USA
GFA - Gafisa SA
SOL - Renesola Ltd
HCBK - Hudson City Bancorp
OI - OWENS ILLINOIS INC
SID - Companhia Siderurgia
OCLR - Bookham Technology plc
EGO - ELDORADO GOLD CP
CREE - Cree, Inc.
TIE - TITANIUM METALS CORP
RSH - RADIOSHACK CORP
AUO - AU OPTRONICS CORP
RBCN - Rubicon Technology Inc
FBR - Votorantim Adr
KCG - Knight Capital

LPS - Lender Processing S
LOGI - Logitech International
LPL - LG Display Co
HOGS - Strong Technical Inc
ASIA - Asiainfo Linkage
INFN - Infinera Corp
ELX - Emulex Corporation
LFC - CHINA LIFE INSUR CO
SNE - SONY CORP
BKCC - BlackRock Kelso Cap
DLB - DOLBY LABORATORIES INC
PWRD - Perfect World Co Ltd
CXS - CreXus Investment Corp
SMT - Smart Technologies Inc
CLGX - FIRST AMERICAN CORP
BWP - BOARDWALK PIPELINE
VQ - Venoco Inc
AB - ALLIANCE CAPITAL MGMT
ITRI - Itron, Inc.
PRE - PARTNER RE LTD

New 52-week High stocks

SUG - SOUTHERN UNION CO
MDMD - MediaMind Technology
CROX - CROCS INC
COG - CABOT OIL & GAS CORP
ONTY - Biomira Inc.
DGX - QUEST DIAGNOSTICS INC
RPTP - Axonyx, Inc.
CMO - CAPSTEAD MORTGAGE CORP

Earnings Announcements for Friday

Campus Crest Communities Inc - CCG
Funtalk China Holdings Ltd - FTLK
Life Partners Holdings Inc - LPHI
Tel Instrument Electronics Corp - TIK

The following list show stocks whose close touched MA(50)

CAG - CONAGRA INC
FTWR - FiberTower Corp
CSR - CHINA SECURITY
GPL - Grat Panter Slvr
CMS - C M S ENERGY CORP
NGSX - NeurogesX Inc
DYN - Dynegy Delaware Inc
VCLK - ValueClick, Inc.
FBC - FLAGSTAR BANCORP INC
LZ - LUBRIZOL CORP
SGMS - Scientific Games Corp
HRL - HORMEL FOODS CORP
BSDM - BSD Medical Corp
SAFM - Sanderson Farms, Inc.
UMPQ - Umpqua Holdings Corporation
LOCM - INTERCHANGE CP
BAS - BASIC ENERGY SERVICES
BKU - Bankunited
BWLD - BUFFALO WILD WINGS INC
ANAC - Anacor Pharmaceutical
BKMU - Bank Mutual Corp
RDK - RUDDICK CORP
LINC - LINCOLN EDUCATIONAL
ALK - ALASKA AIR GROUP INC
CKEC - Carmike Cinemas, Inc.
FBCM - FBR & Co
WATG - MGCC INVESTMENT STR
SBRA - Sun Healthcare Group
CBU - COMMUNITY BANK SYS INC
NCS - N C I BUILDING SYS INC
TBBK - THE BANCORP BANK
MYE - Myers Industries Inc
ERII - Energy Recovery Inc
CERS - Cerus Corporation
PLXT - PLX Technology, Inc.
CRTP - Concept Capital Corp
IBI - INTERLINE BRANDS INC
AEGR - Aegerion Pharmaceutical
COBZ - Cobiz Finl Inc
ABCB - Ameris Bancorp
ALGT - Allegiant Travel 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.

Thanks for visiting AC Investor Blog.

Labels: AONE, FORM, NVTL, THQI