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The daily technical chart shows the MACD-histogram is already sloping down and the stochastic oscillator has just come out from the overbought zone. Selling short is allowed based on the Impulse System.
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The daily MACD-histogram has ticked up, indicating that the bears are losing momentum; while the 50-day MA remains flat. I like the rising MACD. Going long is allowed based on the Impulse System.
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Zalicus, Inc. (NASDAQ:ZLCS) - Volume precedes big moves. From a chart perspective, it suggests that further upside should be seen this week, but much will be dependant on how the news ( Oppenheimer 22nd Annual Healthcare Conference ) is received. MFI is forming higher lows and higher highs. OBV shows some accumulation. All technicals point to an improvement in short term sentiments.
My next Company that I encourage traders to put on their trading screens is Mad Catz Interactive, Inc. (NYSEAMEX:MCZ) which is trading at 60 cents.
Profile
Mad Catz Interactive, Inc. designs, manufactures, markets, sells, and distributes accessories for videogame platforms and personal computers (PC), as well as for iPod and other audio devices. Its products include videogame, PC, and audio accessories, such as control pads, video cables, steering wheels, joysticks, memory cards, light guns, flight sticks, dance pads, microphones, car adapters, carry cases, mice, keyboards, and headsets. It markets its products primarily under the Mad Catz, Saitek, Cyborg, Eclipse, Joytech, GameShark, Tritton, and AirDrives brands. The company also develops flight simulation software; operates flight simulation centers under its Saitek brand; operates a videogame content Website under its GameShark brand; publishes games under its Mad Catz brand; and distributes games and videogame products for third parties. It distributes its products through retailers in the United States, Europe, and Canada, as well as in Australia, Japan, Korea, New Zealand, and Singapore. The company was founded in 1989 and is headquartered in San Diego, California.
Fundamental Outlook
Dilution and Market Cap.
. Stabilization emission of new shares
. Market Cap. Current – Book Value ttm = 39,3M – 27,6M = 11,8M
Indicators
. Excellent Current Ratio ttm of 1.22
. Permanent decrease of the Debit to Equity Ratio
. Excellent Price Earnings Ratio (PER)
. Excellent Return on Equity (ROE)
. Reduced short float the 3,22%
. Interesting Net Income ttm
. Predictable Net Income for the current quarter (2012 Q3)
. Inevitable increased in EPS
. Insiders Buys (Purchases)
Sales & EPS
. Significant and steady increase of annual sales from 2008 to 2011, and these are the 87,74M, 112,56M, 119,01M and 183,97M, respectively
. 168,88M ttm sales, compared with a small market capit. of 39,3M
. Seasonality of sales resulting from the Christmas sales
. In the quarter 2011Q2 for 2011Q3, the sales increased 148,5%. Identical and predictable increase in the current quarter 2012Q2 for 2012Q3.
. Stable Gross Margin %
Technical Perspective
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Shares of Mad Catz Interactive fell by 3% or 2 cents to $.60. In the past year, the shares have traded as low as $.54 and as high as $2.39. On average, 462300 shares of MCZ exchange hands on a given day and today's volume is recorded at 366.894. MCZ tried to get above the $1 level 2 months ago but failed and in the process the stock broke below the 50-day MA and is now under short-term selling pressure. The stock now shows multiple bottoms between 0.55 and 0.73. On the daily time-frame, the MACD-histogram has been sloping up and the 7-MA has just ticked up to give a buy signal on the Impulse System. The slow stochastics and RSI are both rising, indicating bullishness. Resistance is at $.66 and support at $.55. Any break above or below either of those 2 levels is likely to stimulate further movement in that direction. So, put MCZ on your radar and watch it trade !
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Other stocks to watch :
New 52-week High stocks
DG - Dollar General Corp
GRMN - Garmin Ltd
PLCE - The Children's Place
GNRC - Generac Holdings Inc
CRBC - Citizens Banking Co.
New 52-week Low stocks
RIMM - Research in Motion
BSX - BOSTON SCIENTIFIC CORP
FTR - Frontier Communication
VMED - Virgin Media Inc
IBN - Icici Bank Ltd
CREE - Cree, Inc.
NIHD - NII Holdings Inc
PMCS - PMC - Sierra, Inc.
NRG - NRG Energy Inc
CVC - CABLEVISION SYSTEMS
SLT - Sterlite Industries
FII - FEDERATED INVESTORS
RMD - RESMED INC
IPI - Intrepid Potash Inc
VOLC - VOLCANO CORPORATION
CODE - Spansion Inc
US Earnings Calendar for Tuesday, December 13
ABM Industries Inc - ABM
Best Buy Co Inc - BBY
Diamond Foods Inc - DMND
FactSet Research Systems Inc - FDS
General Employment Enterprises Inc - JOB
INTL FCStone Inc - INTL
Kingtone Wirelessinfo Solution Holding Ltd - KONE
L & L Energy Inc - LLEN
Learning Tree International Inc - LTRE
Northwest Pipe Co - NWPX
Nutraceutical International Corp - NUTR
Pantry Inc - PTRY
Rosetta Genomics Ltd - ROSG
Unusual Volume
ALZM - Allezoe Medical Holdings
MSLP - MUSCLE PHARM CORP
DMND - DIAMOND FOODS
VMC - VULCAN MATERIALS CO
P - PANDORA MEDIA INC
OGZPY - OAO GAZPROM ADR REGS
AVNR - Avanir Pharm
CBIS - National Healthcare
FLMG - Fleet Management So
OXGN - OXiGENE, Inc.
UTHR - United Therapeutics
FXPT - Nova Resources Inc
VNDA - Vanda Pharmaceutical
FCEL - FuelCell Energy, Inc.
III - Information Services
MMRF - Mmrglobal Inc
NOOF - New Frontier Media Inc
CMVT - Comverse Technology
UTSI - Utstarcom Holdings
AXU - ALEXCO RESOURCE
FLOW - Lava Flow Inc
ALVR - Alvarion Ltd
MACD Bullish Cross
CBIS - National Healthcare
VELA - Mortlock Ventures Inc
ENDP - Endo Pharmaceutical
SVU - SUPERVALU INC
POSC - Positron Corp
LULU - lululemon athletical
UTSI - Utstarcom Holdings
VLCO - ValCom Inc
SUNH - Sun Healthcare Group
CBCR - Capitol Bancorp Ltd.
JAMN - Jammin Java Corp
HSP - HOSPIRA INC
IVAN - Ivanhoe Energy Inc
PXLW - Pixelworks, 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
Labels: AAPL, MCZ, SPPI, ZLCS