Stock Watch List for Friday, September 23

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I'm still holding Yahoo! Inc. (NASDAQ:YHOO). I have seen real strong signs of accumulation for the past two weeks and I'm hoping to see another leg up.

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Red Hat, Inc.(NYSE:RHT) is attempting to regain its 200-day moving average which has served as critical resistance and is likely to continue to do so. The near-term outlook will depend on the price movement in the next few days. A close above $43.13 will impart bullishness and will help the stock move to the 45.94 - 47.14 zone.

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Ciena Corporation (NASDAQ:CIEN) shares are attractive since its near to the support level. As long as the support is there, I don't think its a problem to include this stock in your short to medium term portfolio. Anyway there's still the ability to gain in shorter period provided the support is there and if the overall market shows any kind of improvement.. If the stock can stay above $10.56, then it has potential to rebound to $12.02 resistance inicially then $13.50.

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The technical indicator Stochastic is showing overbought readings. Price closing and sustaining above the resistance line will negate the bearishness in that case this indicator will stay overbought and price will continue to move up.

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FormFactor, Inc. (NASDAQ:FORM) is a ludicrously cheap name that lost 4% today and is currently trading at 1x cash flow amazingly undervalued by today's standards. The volume was 2x of the average. It looks like the buyers are finally aware of the buying opportunity at this level.

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Other stocks to watch :

US Earnings Calendar for Friday, September 23

China Advanced Construction Materials Group Inc - CADC
EnviroStar Inc - EVI
Finish Line Inc - FINL
KB Home - KBH
Natuzzi SpA - NTZ
Suffolk Bancorp - SUBK
Swift Transportation Co - SWFT

New 52-week Low stocks

BAC - BANK OF AMERICA CORP
F - FORD MOTOR COMPANY
C - CITIGROUP INC
JPM - JP Morgan and Co Inc
MS - Morgan Stanley
AA - ALCOA INC
GLW - CORNING INC
RIMM - Research in Motion
VALE - Vale S A ADR
DOW - DOW CHEMICAL CO
CSX - C S X CORP
DIS - DISNEY CO WALT HLDG CO
BSX - BOSTON SCIENTIFIC CORP
AMAT - Applied Materials
BK - Bank Ny Mellon
SLB - SCHLUMBERGER LTD
MET - METLIFE INC
CAT - Caterpillar Inc
PBR - PETROLEO BRASILEIRO SA
KEY - KEYCORP
MT - Arcelormittal
SCHW - Charles Schwab Corp
XRX - XEROX CORP
SU - SUNCOR ENERGY INC
VOD - Vodafone Gp Plc
HL - HECLA MINING CO
BBD - BANCO BRADESCO SA ADS

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.

As always, good luck !