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Monday, November 21, 2011 

Few trade ideas for Tuesday, Nov 22

  ( click to enlarge )

From a technical standpoint, the chart of Sirius XM Radio Inc. (NASDAQ:SIRI) is now much improved after today’s action. The MACD has reversed again the course and stock is above all of its major moving averages. For nearly four months the stock has been trading in a tight range. If it clears resistance the move may be powerful. 

  ( click to enlarge )

Shares of Reynolds American, Inc. (NYSE:RAI) made a new 52 week high today closing at $40.55 on heavy volume. The stock hit a high of $40.80, which is now resistance for Tuesday’s continuation move. If the stock can break through resistance, we should see another strong upside move. RAI will move very quickly, so watch the stock closely on Tuesday.

  ( click to enlarge )

Idenix Pharmaceuticals, Inc. (NASDAQ:IDIX) made a new 52 week high this morning, but the bulls could not sustain the breakout and price closed well off its high. However, the technical chart above still showing that the stock is in a bull market rally as MACD is on top of signal line. In addition, the medium term trend is also bullish as the stock is above 50-day and 200-day moving averages with both moving averages going up. Buy only when the stock breaches $8.05. Once the stock breaks this level we should see a strong upside move. The stock needs to stay above $7.10 to keep the short-term outlook positive.  Keep the stock on your screen throughout the day on Tuesday.

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Other stocks to watch :
US Earnings Calendar for Monday, November 21

Bcb Bancorp Inc - BCBP
Brocade Communications Systems Inc - BRCD
Brooklyn Federal Bancorp Inc - BFSB
Brown Shoe Co Inc - BWS
Camelot Information Systems Inc - CIS
China CGame Inc - CCGM
China Mass Media Corp - CMM
China Techfaith Wireless Communication Technology Ltd - CNTF
Chinacache International Holdings Ltd - CCIH
Chinaedu Corp - CEDU
CNinsure Inc - CISG
Collective Brands Inc - PSS
DRI Corp - TBUS
Dycom Industries Inc - DY
G Willifood International Ltd - WILC
Globus Maritime Ltd - GLBS
Hastings Entertainment Inc - HAST
Helios and Matheson Information Technology Inc - HMNY
Hewlett Packard Co - HPQ
HMG/Courtland Properties Inc - HMG
HSW International Inc - HSWI
IGI Laboratories Inc - IG
India Globalization Capital Inc - IGC
Jack In The Box Inc - JACK
Jinkosolar Holding Co Ltd - JKS
KepCo Engineering & ConstructionKorea Gas CorpLivedeal Inc - LIVE
Magyar Bancorp Inc - MGYR
Mayflower Bancorp Inc - MFLR
Mobil'nye TeleSistemy OAO - MBT
Pansoft Co Ltd - PSOF
Perfect World Co Ltd - PWRD
Phoenix New Media Ltd - FENG
Pluristem Therapeutics Inc - PSTI
Prudential Bancorp Inc of Pennsylvania - PBIP
Qiao Xing Universal Resources Inc - XING
Raptor Pharmaceutical Corp - RPTP
S&T Dynamics Co LtdSeanergy Maritime Holdings Corp - SHIP
Shanda Interactive Entertainment Ltd - SNDA
Shangpharma Corp - SHP
Tech Data Corp - TECD
THT Heat Transfer Technology Inc - THTI
Tier Technologies Inc - TIER
Trina Solar Ltd - TSL
Tyson Foods Inc - TSN
Valspar Corp - VAL
WSP Holdings Ltd - WH
Zale Corp - ZLC
Zoo Entertainment Inc - ZOOG


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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