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Tuesday, November 22, 2011 

5 stocks for Wednesday's trading

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Good afternoon everyone! Looks like I'm going to start the day with a technical setup on BMTI. Check it !

Shares of BioMimetic Therapeutics (NASDAQ: BMTI) surged more than 4% on Tuesday after Collins Stewart initiates coverage on the stock with a buy recommendation for a price target of $7. From a technical perspective, the stock has been falling since the highs of October and seems to be forming a bullish wedge pattern, which means that there could be a rebound taking place soon. Its slow stochastic has also issued a buy signal, possibly suggesting that the bulls could embark on a stronger rebound. The key support is at $2.70 and as long as prices stay above this support, the odds would slightly favour the bulls. If prices take out the $3.10 resistance, then it could rebound strongly towards $3.24-3.30 with a strong chance of testing its October highs at $3.75.

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Sounds like Trina Solar Limited (NYSE:TSL) is gaining some momentum again. The stock had a pretty good rebound on price accompanied with volume. The technical daily chart shows possible new rally as %K line is back above %D line, while the RSI is also gaining strength. The stock needs to break out above $7.44 to go higher.

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Suntech Power Holdings Co., Ltd. (NYSE:STP) needs to take out its 20-day moving average at $2.64 to signal another leg up. I would buy on weakness.

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Career Education Corp. (NASDAQ:CECO) - On today's session, we have seen huge volume at the bottom, which was probably buying activity. The technical indicator MACD is starting to look like it may cross soon, which indicates momentum is shifting towards the upside as well. Keep this on your watchlist.

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I have been watching Royale Energy, Inc. (NASDAQ:ROYL) over the past few days, waiting for a possible upside move. The stock seems to have found a strong support at present levels. The technical indicators are improving significantly. The slow stochastic has moved above the 25% level and the RSI is near the 50% level. I'm a buyer of ROYL once it breaks $3.64 for a possible breakout move. ROYL could have good upside potential, so watch the stock closely.

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Other stocks to watch :

US Earnings Calendar for Wednesday, November 23

B&H Ocean Carriers Ltd - BHO
China Technology Development Group Corp - CTDC
Deere and Co - DE
Diana Shipping Inc - DSX
Eastern Light Capital Inc - ELC
Green Cross Hldg CorpGues Inc - GES
HSW International Inc - HSWI
LS CorpMagyar Bancorp Inc - MGYR
Mayflower Bancorp Inc - MFLR
New Jersey Resources Corp - NJR
Qiao Xing Universal Resources Inc - XING
Reading International Inc - RDI
Rosetta Genomics Ltd - ROSG
Ship Finance International Ltd - SFL
Sigma Designs Inc - SIGM
Tat Technologies Ltd - TATT
Yingli Green Energy Holding Co Ltd - YGE

The following list show stocks whose volume has been increasing over the last 3 days

CTL - Centurylink Inc
BBD - BANCO BRADESCO SA ADS
WM - WASTE MANAGEMENT INC
LYB - Lyondell Basell Ind
RAI - RJ Reynolds Tobacco
CBE - Cooper Inds Plc
KFT - KRAFT FOODS INC
AMZN - Amazon.com, Inc.
D - DOMINION RESOURCES
KMB - KIMBERLY CLARK CORP
LMT - LOCKHEED MARTIN CORP
IR - INGERSOLL RAND CO
ABT - ABBOTT LABORATORIES
EXPE - EXPEDIA INC
JBL - JABIL CIRCUIT INC
VRTX - Vertex Pharmaceutical
SPRD - Spreadtrum Communication
HOT - Starwood Hotels
LRCX - Lam Research Corporation
TPX - TEMPUR-PEDIC INTL INC
AVGO - Avago Technologies
CAH - CARDINAL HEALTH INC
NOC - NORTHROP GRUMMAN CORP
INTU - Intuit Inc.
VRX - Valeant Pharmaceutical
CTXS - Citrix Systems, Inc.
ABC - AMERISOURCEBERGEN CORP
APOL - Apollo Group, Inc.
MDRX - Allscript Health
APH - AMPHENOL CORP
WHR - WHIRLPOOL CORP
SOHU - Sohu.com Inc.
BC - BRUNSWICK CORP
ITMN - InterMune Pharmaceutical
AGN - ALLERGAN INCORPORATED
PDCO - Patterson Co
AWK - American Water Work.
ENDP - Endo Pharmaceutical
MAC - MACERICH CO
TECD - Tech Data Corporation
QCOR - Questcor Pharm
DPZ - DOMINO'S PIZZA INC
CHMT - Chemtura Corp
VRSK - Verisk Analytics
MSCI - MSCI Inc
FCFS - First Cash Financial
VAL - VALSPAR CORP
MKC - MCCORMICK & CO INC
JKS - JINKOSOLAR HOLDINGS
ATHN - athenahealth Inc
RBCN - Rubicon Technology Inc
PRE - PARTNER RE LTD
THRX - THERAVANCE INC
IEX - IDEX CORP
WBMD - Webmd Health Crp
IT - GARTNER GROUP INC
HMIN - Home Inns & Hotels
LL - Lumber Liquidators Inc
MHK - MOHAWK INDS INC
BCX - BLACKROCK RESOURCES
CRDN - Ceradyne, Inc.
GPRO - GEN-PROBE INC
CISG - CNinsure Inc
VLKAY - Volkswagen AG
MED - Medifast Inc
CBM - CAMBREX CORP
ALE - Allete Inc
CPRT - Copart, Inc.
OKS - Oneok Partners
FSM - FORTUNA SILVER MINES
TWGP - TOWER GROUP INC
VQ - Venoco Inc
HII - Huntington Ingals

Unusual Volume

FMCN - Focus Media Hldg
BRCD - Brocade Communication
GILD - Gilead Sciences, Inc.
CHS - Chicos FAS Inc
FRO - FRONTLINE LTD
PSS - Collective brands
BWEN - Blackfoot Enterprise
YMI - YM BIOSCIENCES INC
XSRAY - Xstrata PLC
HPGS - High Plains Gas Inc
SAPX - Seven Arts Ent
AXAHY - AXA
NGBF - H2Diesel Holdings Inc
PWRD - Perfect World Co Ltd
RGNA - Ethos Environmental
SFL - SHIP FINANCE INTL LTD
AAUKY - Anglo American plc
CSKH - Clear Skies Slr
LOGL - LEGEND OIL & GAS
GGHO - Genisis Realty Group
PRAN - PRANA BIOTECHNOLOGY
WRGL - Warrior Girl Corp
TCEHY - Tencent Holdings Ltd
EEE - KFX Inc
AEHR - Aehr Test Systems
SAN - BANCO SANTIAGO
CSU - CAPITAL SR LIVING CORP
SNDA - SHANDA INTERACTIVE
AXPW - AXION POWER INTL 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.

Thanks for visiting AC Investor Blog.

AC

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  • I'm a 43 year old Independent Trader using proprietary 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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