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Wednesday, October 12, 2011 

Stock Trade Ideas for Thursday, Oct 13th

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Accum/Dist chart on Banner Corporation (NASDAQ:BANR) is showing a clear accumulation trend since July. The stock broke and closed today above its 50-day moving average (14.20), and is poised to continue higher, towards the 15.5-16 area next.

    ( click to enlarge )

Shares of A123 Systems, Inc. (NASDAQ:AONE) soared 26% to $4.19 per share after General Motors said that the company would be supplying the power for the automaker's first all-electric car. The technical chart shows possible new rally as %K line is back above %D line. In addition with stock back above 50-day moving average we should see more upside coming. Next resistance lies at $4.5.

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ReneSola Ltd. (NYSE:SOL) - Hold your Long position with a stop loss at $1.84 (closing day basis). Only a close below this level would change the short-term outlook to bearish for the stock. The immediate resistance appears at $2.34 and suport at $1.94. The short-term trend seems to be positive.

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MELA Sciences, Inc. (NASDAQ:MELA) has been under accumulation for a couple days now. The volume on accumulation days consistently exceeded the volume on distribution days. That's a bullish sign. From a technical standpoint, the daily chart looks Bullish with both 13, 50 and 200 daily moving averages going up and MACD on top of 0, RSI in a Bullish area too. I'm setting resistance at $6.30, which was the high of Wednesday. If the stock breaks through, the next resistance lies at $7.45.

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Other stocks to watch :

US Earnings Calendar for Thursday, October 13

Biostar Pharmaceuticals Inc - BSPM
Cantel Medical Corp - CMN
Chase Corp - CCF
China Metro-Rural Holdings Ltd - CNR
China Natural Resources Inc - CHNR
Citizens And Northern Corp - CZNC
Commerce Bancshares Inc - CBSH
Emmis Communications Corp - EMMS
Fairchild Semiconductor International Inc - FCS
Fastenal Co - FAST
Google Inc - GOOG
J B Hunt Transport Services Inc - JBHT
JPMorgan Chase & Co - JPM
KMG Chemicals Inc - KMGB
Lindsay Corp - LNN
MEDTOX Scientific Inc - MTOX
Mission West Properties Inc - MSW
National Bankshares Inc - NKSH
Recon Technology Ltd - RCON
Safeway Inc - SWY
Skyline Corp - SKY
Taylor Devices Inc - TAYD
Uranium Energy Corp - UEC
Valmont Industries Inc - VMI
Video Display Corp - VIDE
VSB Bancorp Inc - VSBN
Winnebago Industries Inc - WGO
Zep Inc - ZEP

The following list show stocks whose OBV has been increasing over the last 3 sessions

INTC - Intel Corporation
ABT - ABBOTT LABORATORIES
CVS - CVS Caremark Corp
EMC - EMC CORP
MO - ALTRIA GROUP
DAL - Delta Airlines
M - FEDERATED DEPARTMEN
ATML - Atmel Corporation
GIS - GENERAL MILLS INCOR
HD - HOME DEPOT INC
BP - BP AMOCO ADS
THC - TENET HEALTHCARE CORP
SBUX - Starbucks Corporation
MCD - MCDONALDS CORP
DTV - Directv A
KFT - KRAFT FOODS INC
DD - DUPONT E I DE NEMOU
WAG - WALGREEN CO
AMZN - Amazoncom, Inc
BBY - BEST BUY CO INC
JBLU - JetBlue Airways Cor
WU - Western Union
HTZ - Hertz Global Holdin
RENN - Renren Inc
HON - HONEYWELL INTERNATI
IO - Ion Geophysical
TLAB - Tellabs, Inc
PAYX - Paychex, Inc
KMX - CarMax Inc
ADSK - Autodesk, Inc
MHR - Magnum Huntr Res
HUN - HUNTSMAN CORPORATION
NWL - NEWELL RUBBERMAID INC
JVA - COFFEE HOLDING CO INC
GMCR - Green Mountain Coff
CMI - CUMMINS ENGINE CO INC
LLTC - Linear Technology C
KLAC - KLA-Tencor Corporation
CAG - CONAGRA INC
SYK - STRYKER CORP
GME - GAMESTOP CP
RDSA - ROYAL DUTCH SH A
ARIA - ARIAD Pharmaceutical
SDRL - SEADRILL LTD
ADP - Automatic Data Process
SWFT - Swift Transportation
FMCN - Focus Media Hldg
RHT - Red Hat, Inc
CPB - CAMPBELL SOUP CO
TYC - TYCO INTL LTD
TJX - TJX COMPANIES INC
RRD - Donnelley (RR) & Sons
WTSLA - Wet Seal, Inc (The)
OCR - OMNICARE INC
NSTC - NESS TECHNOLOGIES INC
DISH - Dish Network A
DF - DEAN FOODS INC
NOC - NORTHROP GRUMMAN CORP
DRI - DARDEN RESTAURANTS INC
ABV - Companhia de Bebidas
ECL - ECOLAB INC
FRO - FRONTLINE LTD
AXAS - Abraxas Petroleum C
DGX - QUEST DIAGNOSTICS INC
DDS - DILLARDS INC CL A
LIZ - LIZ CLAIBORNE INC
LMT - LOCKHEED MARTIN CORP
CAR - Avis Budget Group Inc
BWA - BorgWarner Inc
NVLS - Novellus Systems, Inc
BEAV - BE Aerospace, Inc
ASIA - Asiainfo Linkage
ATW - ATWOOD OCEANICS
BID - SOTHEBYS HOLDINGS INC
DLTR - Dollar Tree Inc
PAY - Verifone Systems
MDRX - Allscript Health
ENTR - Entropic Communicat
MJN - Mead Johnson Nutrition
CCK - CROWN CORK & SEAL I
NM - Intl Shipping Entr
CYH - COMMUNITY HEALTH SY
HXL - HEXCEL CORP
QLIK - Qlik Technologies Inc
ERJ - Embraer Sa
VPRT - Vistaprint Nv
SKM - S K TELECOM CO LTD
BEAM - FORTUNE BRANDS INC
LBTYA - Liberty Global Inc
PSS - Collective brands
GPN - GLOBAL PAYMENTS INC
ISIL - Intersil Holding Co
SFLY - SHUTTERFLY INC
ROST - Ross Stores, Inc
TSS - TOTAL SYSTEM SVCS INC
CIE - Cobalt International
CBD - COMPANHIA BRAS DE D
GPOR - Gulfport Energy Corp
ALB - ALBEMARLE CORP
PII - POLARIS INDS INC
PVH - PVH Corp
K - KELLOGG CO
HANS - Hansen Natural Corp
VSEA - Varian Semiconductor
VELT - Velti PLC
NTES - Neteasecom, Inc
SCSS - Select Comfort Corp
TKLC - Tekelec
EL - ESTEE LAUDER COMPANIES
SIMO - SILICON MOTION TECHN
CMTL - Comtech Telecommunication
GDI - GARDNER DENVER INC
OPK - Opka Health
CNK - Cinemark Holdings Inc
EM - Emdeon Inc
PETM - PETsMART, Inc
IACI - IAC InterActiveCorp
VRSK - Verisk Analytics
EXAS - Exact Sciences
HRL - HORMEL FOODS CORP
PCP - PRECISION CASTPARTS
ASX - Advanced Semiconductor
CVLT - CommVault Systems Inc
CTCM - CTC MEDIA INC
RCII - Rent-A-Center Inc
ORLY - O'Reilly Automotive
TTMI - TTM Technologies Inc
JAZZ - Jazz Pharmaceutical
GRMN - Garmin Ltd
PNK - PINNACLE ENTERTAINMENT
LNEGY - Linde AG
AREX - Approach Resources Inc

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 !

AC

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  • I'm a 38 year old Independent Trader using propriety technical analysis with more than 18 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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