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Tuesday, December 20, 2011 

3 Long setups to watch on Wednesday

 ( click to enlarge )

The daily technical chart shows an up trend for Apple Inc. (NASDAQ:AAPL) and the price has been well supported by the 200-day SMA over the past 3 months. The daily MACD lines, MACD-histogram, 10-day SMA and stochastics are all rising. In addition, the stock broke its 50-day moving average and could break 396.41 next on its way to a target of 404 to 409 if the market continues with its recovery. These factors support a bullish move.

( click to enlarge )

Air Lease Corp (NYSE:AL)  looks like is close to attempting a breakout.  This strength is confirmed by price movement as well as two momentum indicators. MACD and RSI show buy signal as MACD is above signal line and RSI above its 50% level. The stock has held its 50-day MA as support and is displaying a screaming buy divergence on the upside. AL is also slowly under accumulation based on the OBV indicator. I think the market is waiting for fresh news to define the trend, however if the stock breaks above $23.75, then that is a bullish sign as higher prices. 

 ( click to enlarge )

Hercules Offshore, Inc.(NASDAQ:HERO) caught my attention today. The signal to buy was given today when the previous day high at $4.23 was taken out. This breakout suggests a possible move to $4.50. Technical indicators such as KD also show buy signal as %K line has just crossed on top over %D line.  Although the stock didn't perform well this month, we start to see now some signals of rebound as the technical chart shows positive momentum is back. Stay tuned !!

During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog  twitter and newsletter, so you can receive my trade ideas and stock news in real time.

Other stocks to watch :

US Earnings Calendar for Wednesday, December 21

Actuant Corp - ATU
Bed Bath & Beyond Inc - BBBY
Carmax Inc - KMX
CEL-SCI Corp - CVM
Finish Line Inc - FINL
Gushan Environmental Energy Ltd - GU
Herman Miller Inc - MLHR
KB Home - KBH
Lindsay Corp - LNN
Luby's Inc - LUB
Rosetta Genomics Ltd - ROSG
Shaw Group Inc - SHAW
Steelcase Inc - SCS
TIBCO Software Inc - TIBX
Walgreen Co - WAG

New 52-week High stocks

PFE - PFIZER INC.
CVS - CVS Caremark Corp
VZ - Verizon Comm
DUK - DUKE ENERGY CORP
HD - HOME DEPOT INC
MO - ALTRIA GROUP
V - VISA Inc
KFT - KRAFT FOODS INC
SBUX - Starbucks Corporation
ELN - ELAN CORP P L C
RRR - RSC Holdings Inc
SO - SOUTHERN CO
XEL - XCEL ENERGY INC
HEK - Heckmann Corp
AMT - AMERICAN TOWER CORP
SE - SPECTRA ENERGY CORP
ABV - Companhia de Bebidas
FAST - Fastenal Company
WEC - WISCONSIN ENERGY CORP
ROST - Ross Stores, Inc.
ED - CONSOLIDATED EDISON
LF - LeapFrog Enterprises
PETM - PETsMART, Inc.
GNC - Gnc Holdings
GRMN - Garmin Ltd
OCR - OMNICARE INC
DTE - D T E ENERGY CO
SBH - Sally Beauty Holding
SONO - SonoSite, Inc.
VRSK - Verisk Analytics
OKS - Oneok Partners
KMP - KINDER MORGAN ENRGY
ACG - ALLIANCBERNST FUND
RCII - Rent-A-Center Inc.
ORLY - O'Reilly Automotive
OGE - O G E ENERGY CORP
ARG - AIRGAS INC
OKE - ONEOK INC
ALK - ALASKA AIR GROUP INC
TRAK - DEALERTRACK HOLDINGS
MNR - Monmouth Real Estate
VVC - VECTREN

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 38 year old Independent Trader using propriety 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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