Stock Trade Ideas for Wednesday, Oct 19th

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Banner Corporation (NASDAQ:BANR) broke resistance on Tuesday, as the stock closed up $.88 or 6.8% on the day. This should be the first of a bigger move, which could occur on Wednesday. I had mentioned in my previous article (published on October 13th ), it seemed that the money was flowing into the stock as indicated in the technical indicator OBV. The technical chart is now painting a bullish picture. We can expect now some resistance at $15.52 level followed by $16.46 level. Folks, BANR was mentioned on my twitter today.

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I'm watching THQ Inc. (NASDAQ:THQI) again as the stock looks to be setting up for a big upside move. The stock has a very interesting daily chart. The stock is now back to positive trend again as it is now back above 50 day moving average after staying below the moving average since January. Now with KD rising the stock could be heading for a new bull market rally. The stock hit a high of $1.83 on Tuesday, which is resistance for Wednesday’s move. THQI will move very quickly, so watch the stock very closely over the next few trading sessions.

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Yahoo! Inc.(NASDAQ:YHOO) is trading up after hours, as the company released good earnings. I expect YHOO to gap open on Wednesday, possibly gapping above the major resistance level. If the stock does gap above or trade through this level, let the stock consolidate before buying. YHOO should be a hot stock on Wednesday so watch it closely throughout the day.

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Affymax, Inc. (NASDAQ:AFFY) Building a nice flag, holding above 13 day. A move on $AFFY above $5.05 could spark a nice short-squeeze. Potential upside of 100% exists for Affymax, based on a current level of $5.01 and analysts' average consensus price target of $10. The stock should find initial resistance at $5.22 and further resistance at its 200-day MA of $6.10

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Other stocks to watch :

US Earnings Calendar for Wednesday, October 19

8x8 Inc - EGHT
Abbott Laboratories - ABT
Access National Corp - ANCX
Aetrium Inc - ATRM
American Express Co - AXP
Ameris Bancorp - ABCB
Amphenol Corp - APH
AMR Corp - AMR
Amylin Pharmaceuticals Inc - AMLN
Apollo Group Inc - APOL
Astoria Financial Corp - AF
ATMI Inc - ATMI
Bank Of New York Mellon Corp - BK
Banner Corp - BANR
Beneficial Mutual Bancorp Inc - BNCL
BlackRock Inc - BLK
Brookline Bancorp Inc - BRKL
Buffalo Wild Wings Inc - BWLD
Cano Petroleum Inc - CFW
Cardinal Financial Corp - CFNL
Cathay General Bancorp - CATY
CEL-SCI Corp - CVM
Central Valley Community Bancorp - CVCY
Cheesecake Factory Inc - CAKE
China Natural Resources Inc - CHNR
Cirrus Logic Inc - CRUS
Citizens And Northern Corp - CZNC
Cohen and Steers Inc - CNS
Cohu Inc - COHU
Comerica Inc - CMA
Community Trust Bancorp Inc - CTBI
Complete Production Services Inc - CPX
Core Laboratories NV - CLB
Covanta Holding Corp - CVA
Cubist Pharmaceuticals Inc - CBST
CVB Financial Corp - CVBF
CYS Investments Inc - CYS
Danaos Corp - DAC
Datalink Corp - DTLK
DiamondRock Hospitality Co - DRH
E*Trade Financial Corp - ETFC
East West Bancorp Inc - EWBC
eBay Inc - EBAY
Edwards Lifesciences Corp - EW
Enteromedics Inc - ETRM
Exponent Inc - EXPO
F.N.B. Corp - FNB
Fidelity National Financial Inc - FNF
First Cash Financial Services Inc - FCFS
First M & F Corp - FMFC
Forward Air Corp - FWRD
Freeport McMoRan Copper & Gold Inc - FCX
Greenhill & Co Inc - GHL
Gulfmark Offshore Inc - GLF
Harleysville Savings Financial Corp - HARL
Heartland Express Inc - HTLD
Heritage Crystal Clean Inc - HCCI
Idex Corp - IEX
Party Corp - IPT
Kinder Morgan Energy Partners LP - KMP
Kinder Morgan Management LLC - KMR
Kingtone Wirelessinfo Solution Holding Ltd - KONE
Knight Capital Group Inc - KCG
Knoll Inc - KNL
KT&G CorpLam Research Corp - LRCX
Lasalle Hotel Properties - LHO
Lufkin Industries Inc - LUFK
M&T Bank Corp - MTB
Mastech Holdings Inc - MHH
Media General Inc - MEG
Mks Instruments Inc - MKSI
Monarch Casino and Resort Inc - MCRI
Morgan Stanley - MS
MutualFirst Financial Inc - MFSF
New York Community Bancorp Inc - NYB
Noble Corp - NE
Northern Trust Corp - NTRS
NVE Corp - NVEC
Ohio Valley Banc Corp - OVBC
Pansoft Co Ltd - PSOF
Piper Jaffray Companies - PJC
PNC Financial Services Group Inc - PNC
Polycom Inc - PLCM
Popular INC - BPOP
Raymond James Financial Inc - RJF
Riverbed Technology Inc - RVBD
Rockwood Holdings Inc - ROC
S Y Bancorp Inc - SYBT
SEACOR Holdings Inc - CKH
SEI Investments Co - SEIC
Select Comfort Corp - SCSS
Sensata Technologies Holding NV - ST
SLM Corp - SLM
Spartan Stores Inc - SPTN
St Jude Medical Inc - STJ
Stepan Co - SCL
Stryker Corp - SYK
SUPERVALU INC - SVU
Swift Transportation Co - SWFT
Temple Inland Inc - TIN
Texas Capital Bancshares Inc - TCBI
Textron Inc - TXT
Tractor Supply Co - TSCO
Travelers Companies Inc - TRV
Umpqua Holdings Corp - UMPQ
Union Bankshares Inc - UNB
United Continental Holdings Inc - UAL
United Technologies Corp - UTX
US Bancorp - USB
Virginia Commerce Bancorp Inc - VCBI
Westamerica BanCorp - WABC
Westell Technologies Inc - WSTL
Western Digital Corp - WDC
Westwood Holdings Group Inc - WHG
WNS Holdings Ltd - WNS
Wynn Resorts Ltd - WYNN
Xilinx Inc - XLNX
Zhone Technologies Inc - ZHNE

New 52-week High stocks

EP - EL PASO CORP
OPK - Opka Health
DPZ - DOMINO'S PIZZA INC
CNP - CenterPoint Energy Inc
HRBN - HARBIN ELECTRIC INC
NETL - Netlogic Microsystems
SIMO - SILICON MOTION TECHN
ENB - ENBRIDGE INC
NSR - NEUSTAR INC
DG - Dollar General Corp
RNOW - RIGHTNOW TECHNOLOGIES
ELGX - Endologix Inc
HGIC - Harleysville Group
SAFM - Sanderson Farms, Inc.

New 52-week Low stocks

HSP - HOSPIRA INC
QGEN - Qiagen N.V.
STRI - STR Holdings
FORM - FORMFACTOR INC
XNPT - XENOPORT
ENH - Endurance Specialty
RBCN - Rubicon Technology 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.

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Labels: AFFY, BANR, THQI, YHOO