Stocks Picks for Wednesday, Nov 2

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Shares of Corinthian Colleges, Inc. (NASDAQ:COCO) rose 14% to $2.18 per share. The technical chart above shows very positive sign as the stock is now in a rally as %K line is on top of %D line and closed above its 50-day moving average. Another bullish sign includes MACD which has just rose above 0. A breakout beyond $2.26 will take the price to $2.78. Hold the stock with a stop below its recent low at $1.68.

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Apollo Group, Inc. (NASDAQ:APOL) is currently doing a return move to re-test the resistance turned support at $44.40. It’s a wait-and-see. If price bounces from support, this would be a good time to buy.

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Spreadtrum Communications, Inc (NASDAQ:SPRD) broke out to new 52-week highs today. I'm expecting to see the stock continue this move on Wednesday. As long as the stock stay above $24.20 area, the bullish scenario is still intact. Technical chart shows bullish sign with %K line on top of %D line and MACD on top of signal line. Hold your longs with a stop at $24.

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Sirius XM Radio Inc. (NASDAQ:SIRI) reversed from the support at $1.67 once again and rose to close at $1.73. Short-term resistance for the stock is at $1.84. The short-term view is still sideways.

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Other stocks to watch :

New 52-week High stocks

AMT - AMERICAN TOWER CORP
AKRX - Akorn, Inc.
SPRD - Spreadtrum Communication

New 52-week Low stocks

RIMM - Research in Motion
PCS - MetroPcs Communication
ITT - ITT Corp
AVP - AVON PRODUCTS INC
STD - BANCO SANTANDER
FNFG - First Niagara Financial
MFA - Mfa Financial
NIHD - NII Holdings Inc
AMED - Amedisys Inc
CVC - CABLEVISION SYSTEMS
VE - VEOLIA ENVIROMENT ADS
ORI - OLD REPUBLIC INTL CORP
AEM - AGNICO EAGLE MINES LTD
RBA - RITCHIE BROS AUCTION
VOLC - VOLCANO CORPORATION
NUVA - NUVASIVE INC
EXH - Exterran Holdings Inc
BMS - BEMIS CO INC
ELNK - EarthLink, Inc.
DXCM - DEXCOM
AVID - Avid Technology, Inc.
GEO - WACKENHUT CORRECTIONS
DRIV - Digital River, Inc.
CODE - Spansion Inc
JOE - ST JOE CORP
HTLD - Heartland Express
AM - AMERICAN GREETINGS
STRI - STR Holdings
COT - COTT CORP
TM - TOYOTA MOTOR CORP
FAF - First American Corp
PT - PORTUGAL TELECOM
GRFS - Grifols SA
IART - Integra LifeSciences
HWAY - American Healthways
AUMN - Golden Minerals Co
NCMI - National CineMedia Inc
RBCN - Rubicon Technology Inc

Unusual Volume

PLZLY - Polyus Gold Intl
ICLK - Customer Acquisition
EXEL - Exelixis, Inc.
LEAP - LEAP WIRELESS INTL
EM - Emdeon Inc
SIFY - Sify Tech Lt ADR
QIHU - QIHOO 360 TECHNOLOG
AKRX - Akorn, Inc.
BGC - General Cable Corp
MRVC - Mrv Comm Inc
REDF - Rediff Com
AMED - Amedisys Inc
TUWOY - Tullow Oil PLC
BBX - BANKATLANTIC BANCOR
BPI - Bridgepoint Education
INXI - Inx Inc
FSIN - Fushi Copperweld
POFCY - PETROFAC LTD
BTM - Brasil Telecom SA
ROG - ROGERS CORP
TAOM - Taomee Holdings Ltd
MSTR - MicroStrategy Incorporation
NVIV - InVivo Therapeutics
MERU - Meru Networks
MYRX - Myrexis
NTE - Nam Tai Electronics
ASMLF - ASML Holding NV
PSTB - Park Sterling Bank
CPRX - Catalyst Pharma
PALAF - Paladin Energy

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: APOL, COCO, SIRI, SPRD