Stock Watch List For Tuesday, Aug 16
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Novatel Wireless, Inc. (NASDAQ:NVTL) was mentioned here earlier and it looks like it is starting to turn.
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Tellabs, Inc. (NASDAQ:TLAB) had a significant bullish momentum today, made a strong break out above its 50-day moving average as you can see on my daily chart above, which is very bullish. The stock is again setting up for a potential swing trade. From a technical standpoint, MACD Histogram and stochastic oscillator have turned up and RSI is again moving upward. Next resistance is located at $4.69.
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Sino Clean Energy Inc. (NASDAQ:SCEI) closed up on Monday at $1.96, and it appears ready to make another big run. I'm using the July 20th high of $2.62 as resistance. Once the stocks breaks through, we should see a heavy increase in buying. Stay tuned !!!
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Dendreon Corporation (NASDAQ:DNDN) has been hit very hard but today’s move could be the first of a short-term swing. The technical daily chart above shows new rally is coming as %K line has just crossed on top of %D line. DNDN is extremely oversold and I would be looking for a technical bounce with initial resistance at $13.55. Keep the stock on your screen throughout the day on Tuesday.
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Other stocks to watch :
New 52-week High stocks
MMI - Motorola Mobility Holdings
AUY - YAMANA GOLD INC
ZAGG - Zagg Incorporated
HK - Petrohawk Energy
NGD - DRC RESOURCES CP
CF - CF INDUSTRIES HOLDINGS
UL - Unilever PLC
DTLK - Datalink Corporation
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
AUY - YAMANA GOLD INC
ZAGG - Zagg Incorporated
HK - Petrohawk Energy
NGD - DRC RESOURCES CP
CF - CF INDUSTRIES HOLDINGS
UL - Unilever PLC
DTLK - Datalink Corporation
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
