Five Stock Picks to watch on Monday Oct 10th

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Rambus Inc. (NASDAQ:RMBS) - The stock on Friday has seen some minor profit taking and an orderly pullback to the support level around $14.50. I want to keep an open mind here about what could possibly happen next. Honestly, I think we could see two different scenarios: 1 - Bounce off this new support level of $14.50 and head higher or 2- The stock retrace a little lower to the 20 day MA at $13.77 and then bounce higher. In either case, as long as we do not see large selling pressure in the next few days, I think its safe to say this is a dip that should be bought for bulls. From a technical standpoint, the stock has lots of room to run if it clears $16.

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YHOO is one of my favourite stocks to invest right now. The stock had an amazing rally in the past couple of weeks. Having discussed this stock a couple of days back, this stock has broken some of the targets that was discussed last time. Volumes are still strong and the momentum looks to be still favoring a strong move as the decline was extremely small. The MACD is on the buy zone and RSI is rocking upwards given the strong price movement in the past couple of days. The stock has an upside potential of another 20% to $18.83 if it breaks $15.84 mark comfortably. Yahoo is takeover candidate and share prices are expected to reach $20 in a very near future.

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Tellabs, Inc. (NASDAQ:TLAB) is seeing some positive movement in its share price over the past four trading sessions. There are some buy signals indicated from MACD and RSI. However, the most interesting for this stock is in the Accumulation/Distribution chart. This is the longest upward that the stock has seen in sometime. Given the current stock levels, it's important for it to break $4.65. If it breaks this level, then it can break $4.87.

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I posted on twitter about how I see FormFactor, Inc. (NASDAQ:FORM) as a decent swing long candidate and decided to illustrate what I have been seeing. The stock cleared the downtrend and now is consolidating. The accumulation/distribution is showing some strength in this movement, which a good sign as investors are not using this movement to get out of the stock The targets for FORM would now depend on the next movement in this stock. It has to break its 20-day SMA and possibly the $7 mark before the movement is a confirmed one. Stay tuned.

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Sirius XM Radio Inc. (NASDAQ:SIRI) seems to be forming a smart little bullish rounding bottom. So, technically, the earlier bottom can be considered as a support. However, the up move on lower volumes is not too convincing. The stock will face resistance from the confluence point of the 20 day and 50 day EMAs. So, we'll need to observe the stock closely in the near term. The technical indicators were beginning to look really bearish, but there are signs of a turnaround. The slow stochastic has bounced up from the oversold zone and the MACD has started to rise, though it is in the negative zone and below the signal line. The RSI stopped short of dropping into the oversold zone and is moving sideways. So, let's keep an eye on her as i think momentum will pick up.

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Other stocks to watch :

US Earnings Calendar for Monday, October 10

American Learning Corp - ALRN
API Technologies Corp - ATNY
Arrow Financial Corp - AROW
Authentidate Holding Corp - ADAT
Bona Film Group Ltd - BONA
CCA Industries Inc - CAW
China Infrastructure Investment Corp - CIIC
Citizens And Northern Corp - CZNC
Educational Development Corp - EDUC
Healthcare Services Group Inc - HCSG
K12 Inc - LRN
Mistras Group Inc - MG
Nobility Homes Inc - NOBH
Novellus Systems Inc - NVLS
Pansoft Co Ltd - PSOF
Phazar Corp - ANTP
RPX Corp - RPXC
Semileds Corp - LEDS
Severn Bancorp Inc - SVBI
Weis Markets Inc - WMK
Winmark Corp - WINA

New 52-week High stocks

CEPH - Cephalon, Inc.
SGEN - Seattle Genetics
LKQX - LKQ CP
STMP - Stamps.com Inc.
RNOW - RIGHTNOW TECHNOLOGIES
EM - Emdeon Inc
BMRN - BioMarin Pharmaceutical
GCO - GENESCO INC
ORIG - Ocean Rig UDW Inc

New 52-week Low stocks

ILMN - Illumina, Inc.
MFA - Mfa Financial
PCS - MetroPcs Communication
RGP - REGENCY ENERGY
BMC - BMC Software Inc
QGEN - Qiagen N.V.
PKI - PERKINELMER INC
IRDM - Iridium Comm Inc
ICLR - ICON plc

The following list show stocks whose volume has been increasing over the last 2 sessions

CTXS - Citrix Systems, Inc.
XEL - XCEL ENERGY INC
GME - GAMESTOP CP
ECL - ECOLAB INC
SDRL - SEADRILL LTD
DISH - Dish Network A
HMY - HARMONY GOLD MINING
CNO - Cno Fnancial Grp
WAT - WATERS CORP
CNP - CenterPoint Energy Inc
RAI - RJ Reynolds Tobacco
PLL - PALL CORP
CEG - Constellation Energy
CCJ - CAMECO CORP
BG - BUNGE LTD
JNY - The Jones Group
RSG - REPUBLIC SERVICES INC
UDR - UDR Inc
INFY - Infosys Ltd Adr
DEI - Douglas Emmett Inc
PSS - Collective brands

LO - Lorillard Inc
HRS - HARRIS CORP
ITT - ITT Corp
K - KELLOGG CO
XCO - EXCO RESOURCES INC
EXPD - Expeditors International
UL - Unilever PLC
TTM - TATA MOTORS LTD ADS
PAY - Verifone Systems
SEE - SEALED AIR CORP NEW
EL - ESTEE LAUDER COMPANIES
BRKR - Bruker Corp
CYS - Cys Investments
NTES - Netease.com, Inc.
RBA - RITCHIE BROS AUCTION
CIT - CIT GROUP INC
MNTA - MOMENTA PHARMACEUTICAL
ETR - ENTERGY CORP HLDG CO
UGI - U G I CORP HLDG CO
UMPQ - Umpqua Holdings Corporation
CNI - CANADIAN NATL RAIL CO
RCII - Rent-A-Center Inc.
GPOR - Gulfport Energy Corp
CLS - CELESTICA INC
HS - HEALTHSPRING INC
HANS - Hansen Natural Corporation
SCI - SERVICE CORPORATION
IRDM - Iridium Comm Inc
HMC - HONDA MOTOR CO LTD
HMC - HONDA MOTOR CO LTD
STMP - Stamps.com Inc.
ARG - AIRGAS INC
SPW - S P X CORP
KMT - KENNAMETAL INC
IPXL - Impav labs Inc
EM - Emdeon Inc
BCE - B C E INC
AMAG - Amag Pharma
PVTB - PrivateBancorp, Inc.
ANSS - ANSYS, Inc.
HAR - HARMAN INTL INDS INC
WCC - WESCO INTERNATIONAL
WIT - Wipro Ltd
NGG - National Grid Trans
LMNX - Luminex Corporation
MRH - Montpelier Re Holdings
CFX - Colfax Corp
SYA - Symetra Financial Corp
DXCM - DEXCOM
LNT - Alliant Energy Corp
ICLR - ICON plc
ENH - Endurance Specialty
VELT - Velti PLC
TDW - TIDEWATER INC
LZB - LA Z BOY INC
GEOY - Orbimage Inc
GHL - GREENHILL & CO INC
ZINC - Horsehead Hldg Corp
ASNA - Ascena Retail Group
AXU - ALEXCO RESOURCE
MTH - Meritage Homes
IGK - ING Group NV
UNTD - United Online Inc
KEM - Kemet Corp
SLH - Solera Holdings Inc
ATHN - athenahealth Inc
HHS - HARTE HANKS INC
JOE - ST JOE CORP
VOLC - VOLCANO CORPORATION
AH - Accretive Health Inc
TSRA - TESSERA TECHNOLOGIES
TGI - TRIUMPH GROUP INC
GDOT - Green Dot Corporation
RBCN - Rubicon Technology Inc
PRE - PARTNER RE LTD
LTM - LIFE TIME FITNESS INC
BCSI - Blue Coat Systems Inc
IRC - INLAND RE CORP
ORIT - Oritani Financl
GNC - Gnc Holdings
BIOS - MIM Corporation
BGG - BRIGGS

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 !

Labels: FORM, RMBS, TLAB, YHOO