Top Trade Ideas for Tuesday, June 07
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Netflix, Inc. (NASDAQ:NFLX) made a new 52 week high today but gave up the gains and lost 4%. The chart for Netflix seems to indicate the stock is currently extended and it is more likely the stock will pull back to $252 level (it’s most recent breakout point). But if that support level fails to hold, then the next level of support is $228.70.
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Under Armour, Inc. (NYSE:UA), failed to maintain its 20MA, generally a bearish signal. It has a good base at $63.50 which can be used as a stop loss for long position. Any fall below this level will ring my alarm bells and a break below $62.50 would signal a definite reversal.
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SINA Corporation (NASDAQ:SINA) - The near-term outlook would depend on the price movement in the next few days. A close above $119.05 would impart bullishness and would help the stock move to the 125-128 band. A drop below 104 would have negative implications that would push the stock down to the 95-98 range. Technical indicators remain moderately bearish as MACD momentum holds in negative territory and RSI moves sideways slightly below the 50% level. Hold your current position with a stop at $104.
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EOG Resources, Inc. (NYSE:EOG) tried to go again today and still could not make it. EOG is hanging in there pretty well and should still have a chance to go higher. Long entry is at $112.
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Other stocks to watch :
ABM Industries Inc - ABM
Analogic Corp - ALOG
Bob Evans Farms Inc - BOBE
Booz Allen Hamilton Holding Corp - BAH
Cavico Corp - CAVO
Central Bancorp Inc - CEBK
Comtech Telecommunications Corp - CMTL
Cpi Corp - CPY
Ditech Networks Inc - DITC
Freeseas Inc - FREE
Greenhunter Energy Inc - GRH
Hovnanian Enterprises Inc - HOV
LDK Solar Co Ltd - LDK
Measurement Specialties Inc - MEAS
Modine Manufacturing Co - MOD
Moduslink Global Solutions Inc - MLNK
Navarre Corp - NAVR
Navistar International Corp - NAV
NCI Building Systems Inc - NCS
Oil Dri Corp Of America - ODC
Oxford Industries Inc - OXM
Providence and Worcester Railroad Co - PWX
Radient Pharmaceuticals Corp - RPC
Streamline Health Solutions Inc - STRM
Synergetics USA Inc - SURG
Talbots Inc - TLB
Ulta Salon Cosmetics and Fragrance Inc - ULTA
Village Super Market Inc - VLGEA
Wuhan General Group (China) Inc - WUHN
Unusual volume in today's trading session
EMXC - eMax Worldwide, Inc.,
SKGO - Skybridge Technology Group, Inc.
SSOL - Sunvalley Solar Inc
GOIG - GoIP Global, Inc.
SPRL - Strat Petroleum Ltd
CMZPF - COMPTON PETROLEUM C
EXEL - Exelixis, Inc.
WTNY - Whitney Holding Corporation
RXII - RXi Pharmaceuticals
GPRO - GEN-PROBE INC
GRBG - Green Bridge Industries, Inc.
PPBV - Purple Beverage Company, Inc.
UTHR - United Therapeutics
BAP - CREDICORP LTD
BLLN - Advanced Technology
STKL - SunOpta Inc
CNTF - CHINA TECHFAITH WIRE
SINX - Sionix Corp
SMMT - Stratcomm Media, Ltd.
CBEH - China Intgrt Enr
GNPG - EMTA Holdings Inc
FEEC - FAR EAST ENERGY CORP
ORS - Orsus Xelent
UYMG - Unity Management Group
ZN - Zion Oil & Gas
PRGS - Progress Software C
MDCE - Aventerra Exploration
HOTM - Sombrio Capital Corp
OISI - Ophthalmic Imaging
AEHI - Alternate Energy Holding
COBI - Glass Wave Enterprise
HWIC - IVT Software Inc
ECOB - N8 Concepts Inc
SRFDF - STARFIELD RES INC
ADES - ADA-ES INC
AGCZ - Andes Gold Corp
EVSI - Envision Solar International
BNTNF - Bontan Corp
GBKVF - GoldBrook Ventures Inc
DGW - Duoyuan ADR
LCI - LANNETT COMPANY
RGIN - Regenicin Inc
PRTS - U.S. Auto Parts Net
CPRX - Catalyst Pharma
MOPN - MOP Environmental S
ATRN - New Motion Inc
DRIFF - Dorato Resources Inc
KNBWY - Kirin Holdings
SNDXF - Sandstorm Gold
NJ - NIDEC CORP
ROHI - Rotech Healthcre
FSNM - First State Bancorp
DNZOY - DENSO CORP LTD ADR
RDIAF - ROCKWELL VENTURES INC
ANMCF - Andean Amrcn Gld
CELM - CHINA ELECTRIC MOTO
PREA - Pure Earth Inc
ECRO - ECC CAPITAL CORPORATION
HLCS - Helicos BioSciences
SPCK - SUPERCLICK INC
MDTL - Medis Technologies
RIOAF - Mexican Silver Mine
NEEEU - NextEra Energy Inc
LNNGF - Li Ning Co Ltd
ARSLF - ALTIMA RESOURCES LTD
RZOR - Razor Resources Inc
CPD - Caraco Pharmaceutical
UFFC - UFood Restaurant Group
BLVT - Bulova Technologies
STN - STANTEC INC
AMIN - American Internationational
PTMD - Protectus Medical D
CRTP - Concept Capital Corp
ZANE - Planet Zanett Inc.
GLTC - GelTech Solutions Inc
SYMD - Life Medical Science
KNUR - Knox Nursery Inc
EBMT - Eagle Bancorp
LEGE - Noble Quest Inc
HTCO - Hickory Tech Corporation
DGSE - Dallas Gold & Silver
WWPW - Wind Works Power
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
