Few trade ideas for Thursday
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The price movement in the last couple of days indicates that Apple Inc. (NASDAQ:AAPL) has formed a short-term bottom at $363. A move to the $390-$392 range appears likely, however the stock needs to take out the 20-day moving average first.
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Oclaro, Inc. (NASDAQ:OCLR) performed well today, closing up 12%. Could this be the start of a rally ? If it's, the stock got off on the right foot today.
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Today Pacific Biosciences of California (NASDAQ:PACB) surged over 14% on heavy volume, what looks like the start of a strong bounce. With the 50-day MA sitting close to $3.45 and the 200-day MA over $9, this stock has a lot of room to run on any rally. Looking closely at the chart the stock remains oversold.
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OmniVision Technologies, Inc. (NASDAQ:OVTI) is a stock I brought to my twitter at $10.47 as a possible bounce play, it hit $10.84 today and looks poised for further gains. The stochastic shows signs of recovery from oversold territory. This stock should make for a nice trade the next few sessions. Stop loss must be placed at $10.15. Stay tuned .
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Other stocks to watch :
US Earnings Calendar for Thursday, December 1
American Software Inc - AMSWA
Ascena Retail Group Inc - ASNA
Avago Technologies Ltd - AVGO
Barnes and Noble Inc - BKS
Cascade Corp - CASC
Charming Shoppes Inc - CHRS
H and R Block Inc - HRB
Isle of Capri Casinos Inc - ISLE
Jos A Bank Clothiers Inc - JOSB
Kroger Co - KR
Magma Design Automation Inc - LAVA
Mecox Lane Ltd - MCOX
Mitel Networks Corp - MITL
Movado Group Inc - MOV
PVH Corp - PVH
Sycamore Networks Inc - SCMR
Talbots Inc - TLB
Ulta Salon Cosmetics and Fragrance Inc - ULTA
Uti Worldwide Inc - UTIW
Versant Corp - VSNT
Zumiez Inc - ZUMZ
New 52-week High stocks
HD - HOME DEPOT INC
NLC - NALCO HOLDING CO
ECL - ECOLAB INC
MO - ALTRIA GROUP
KOG - KODIAK OIL & GAS CP
PM - Philip Morris Internaitonal
MCD - MCDONALDS CORP
TSN - TYSON FOODS INC CL A
SE - SPECTRA ENERGY CORP
AMT - AMERICAN TOWER CORP
V - VISA Inc
KSU - Kansas City Souther
INHX - Inhibitex
FTI - FMC Technologies Inc.
RAI - RJ Reynolds Tobacco
TJX - TJX COMPANIES INC
AEE - AMEREN CORP
FAST - Fastenal Company
PCYC - Pharmacyclics
AKRX - Akorn, Inc.
ACGL - Arch Capital Group Ltd
ROST - Ross Stores, Inc.
PGN - Progress Energy 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.
Thanks for visiting AC Investor Blog.
AC
Labels: AAPL, OCLR, OVTI, PACB
