Stock Trade Ideas for Tuesday, Oct 18th

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I mentioned Affymax, Inc. (NASDAQ:AFFY) as a stock I'm watching this morning on twitter, and promised I would follow up with a chart. AFFY is a very bullish looking chart to me, and could be ready to move soon. The stock has been building a base for the last 3 months. It broke out of that base early this month and has been trading in a bull flag for the past couple of days. This is about the average time the stock takes for a bull flag to develop, so I expect it to move soon. Also notice that the accumulation/distribution is showing some strength in this movement, which is also a strong bullish sign. The weekly chart also looks pretty decent and AFFY could be a strong option as a long setup if the markets can stabilize and push higher. Stay tuned !!!

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OmniVision Technologies, Inc. (NASDAQ:OVTI) needs to hold the $15.34 level or it could see sharply lower prices.

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The latest chart and sentiment surrounding Lululemon Athletica inc.(NASDAQ:LULU) shares appear to be hesitant due to the incredible performance of the stock recently. Investors should look for flat trading in the near-term with a possibility of testing its major support now at $51.08 before moving higher.

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BlackRock MuniHoldings New York Insured (NYSE:MHN) continue to inch higher. Watching for $14.32 breakout.

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Other stocks to watch :

US Earnings Calendar for Tuesday, October 18

Ameriserv Financial Inc - ASRV
Apple Inc - AAPL
Badger Meter Inc - BMI
Bank of America Corp - BAC
Birks and Mayors Inc - BMJ
Check Point Software Technologies Ltd - CHKP
China Metro-Rural Holdings Ltd - CNR
CNB Financial Corp Inc - CCNE
Coca Cola Co - KO
Consolidated Tomoka Land Co - CTO
Constellation Energy Partners LLC - CEP
Cree Inc - CREE
Crown Holdings Inc - CCK
CSX Corp - CSX
Cybex International Inc - CYBI
Dominos Pizza Inc - DPZ
EMC Corp - EMC
ESB Financial Corp - ESBF
Flexsteel Industries Inc - FLXS
Forest Laboratories Inc - FRX
Frisch's Restaurants Inc - FRS
FSI International Inc - FSII
Fulton Financial Corp - FULT
Genuine Parts Co - GPC
Goldman Sachs Group Inc - GS
Harley Davidson Inc - HOG
Hawaiian Holdings Inc - HA
Infinera Corp - INFN
Intel Corp - INTC
Intuitive Surgical Inc - ISRG
JAKKS Pacific Inc - JAKK
Johnson & Johnson - JNJ
Juniper Networks Inc - JNPR
Lakeland Bancorp Inc - LBAI
Linear Technology Corp - LLTC
Manhattan Associates Inc - MANH
Marten Transport Ltd - MRTN
Mercantile Bank Corp - MBWM
NB&T Financial Group Inc - NBTF
New Oriental Education & Technology Group Inc - EDU
Omnicom Group Inc - OMC
Parker Hannifin Corp - PH
Pinnacle Financial Partners Inc - PNFP
Platinum Underwriters Holdings Ltd - PTP
Polaris Industries Inc - PII
Pulaski Financial Corp - PULB
Renasant Corp - RNST
River Valley Bancorp - RIVR
RLI Corp - RLI
Rosetta Genomics Ltd - ROSG
Semileds Corp - LEDS
Seven Arts Pictures PLC - SAPX
Sonic Corp - SONC
Sonoco Products Co - SON
State Bancorp Inc - STBC
State Street Corp - STT
Unifirst Corp - UNF
Union First Market Bankshares Corp - UBSH
United Bancshares Inc - UBOH
United Rentals Inc - URI
UnitedHealth Group Inc - UNH
W W Grainger Inc - GWW
Waste Connections Inc - WCN
Werner Enterprises Inc - WERN
Yahoo! Inc - YHOO

New 52-week High stocks

EP - EL PASO CORP
AAPL - Apple Inc
ATVI - Activision, Inc.
CNP - CenterPoint Energy Inc
BBBY - Bed Bath & Beyond Inc.
HRBN - HARBIN ELECTRIC INC
LTD - LIMITED INC
NETL - Netlogic Microsystems
DG - Dollar General Corp
NSR - NEUSTAR INC
PCYC - Pharmacyclics
RNOW - RIGHTNOW TECHNOLOGIES
ELGX - Endologix Inc
ROST - Ross Stores, Inc.
WPZ - WILLIAMS PARTNERS L.P.
OKS - Oneok Partners

MACD Bullish Cross

NI - NISOURCE INC
IRE - IRELAND GOVERNOR
PPL - PPL CORPORATION
ED - CONSOLIDATED EDISON
APKT - Acme Packet Inc
O - Realty Income Corp
RGP - REGENCY ENERGY
ARJ - ARCH CHEMICALS INC
IVWFF - IVERNIA INC
CPOZF - Compass Petroleum Ltd
RGLD - Royal Gold, Inc.
SIFY - Sify Tech Lt ADR
AMPW - American Power Corp

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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Labels: AFFY, LULU, MHN, OVTI