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Thursday, January 12, 2012 

Five Active Stocks for Your Radar Screen

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Let’s take a look again at Novatel Wireless, Inc.(NASDAQ:NVTL). Today, the stock traded just like the overall market.It started the day weak, but rallied to go positive and closed at the highs of the day. This could be the start of a trend reversal for NVTL. From TA view, the stock shows a bullish divergence on MACD while Stochastic look oversold. To return to rally mode, the stock needs to cross its short-term resistance at $3.14. A move above this level would be positive for the stock. A reversal above $3.14 will take the stock higher to $3.30 or $3.60. Short term momentum is oversold with a positive MACD divergence. If the stock breaks through, there is a good chance you will see a strong upside move, so watch the stock very closely tomorrow. In addition, the Chaikin Money Flow Index is showing a rising move, indicating a rising money flow into the stock. Keep NVTL on your radar for Friday’s trading session.

Fundamental Outlook


Dilution and Market Cap.

.Market Cap. Current – Book Value ttm = 98,4M – 167,3MM = - 68,9M (Undervalued)
.Net Cash ttm / Market Cap. Current = 55,32M / 98,4M = 56,2%
.Very good Cash the 55,32M compared with Equity the 167,3M.
.Stabilization emission of new shares

Indicators

.Excellent Current Ratio and Quick Ratio ttm of 1.99 and 1.39, respectively
.Excellent Debit to Equity Ratio ttm of 0.50. Nice assets financed by the company
.Recovery Net Income. 2011Q1 = - 22,09M  2011Q2 = - 3,90M 2011Q3 = + 4,50M
.Interesting Price Earnings Ratio (PER) = - 4
.Interesting and reduced PSR = 0,23
.Reduced Short Float = 5,83%
.Book value per share =  $ 5,21 / Current Price = $ 3,07

Sales and EPS

.Sales 2011 ttm = 412,34M, compared with a small market capit. of 167,30 M
.Significant and steady increase of annual sales from 2010 to 2011 ttm, and these are the 338.94M and 412,34M, respectively
.In the quarter 2010 Q3 for 2010 Q4, the sales increased 57,8 %. Identical and predictable increase in the current quarter 2011Q3 for 2011Q4
.Positive and stable Gross Margin %
.Inevitable increased in EPS

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Despite today’s candle, the overall chart pattern for DNDN looks good. Probably, the stock just needs to consolidate the recent gains from the last few days, but I would say that this up trend will have a continuation soon.The stock price continues to be strong. Chart shows big accumulation. MACD still moving up and is above the zero line. In addition, the momentum indicator MFI still showing strong demand in this upward trend. I suppose we might see some consolidation here before the next leg up IMO.

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I told you yesterday about Pacific Biosciences of California (NASDAQ:PACB) and today the stock successfully broke the resistance with unusual volumes. This is a very bullish development. Short-term technical indicators are strong and the MACD on the daily chart recently produced a new buy signal. If the stock can break today’s high of $3.74, we should see a strong follow through move. PACB will move very quickly, so keep a very close eye on the stock.

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Renren Inc (NYSE:RENN) stock seems to have broken above the 2 month resistance of $4 on relatively higher volume. The next resistance that it should try to respect is at 4.50. Looking at the technical indicators, we have the MACD near the Zero Line and RSI Above 50% level. Stay tuned.
 
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Ciena Corporation (NASDAQ:CIEN) has been going up for 4 weeks now. The stock looks quite intact in its uptrend as long as its value is maintained above the immediate support line. As long as the stock stays inside this channel, 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. Next targets for the stock are $14.89 and $15.53. Only a close below $13.50 reverses the current uptrend.

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 :

New 52-week High stocks

STX - Seagate Tech
NWSA - News Corp Ltd
DHI - Horton DR Inc
HD - HOME DEPOT INC
AMGN - Amgen Inc.
MON - Monsanto Co
CVS - CVS Caremark Corp
INHX - Inhibitex
KFT - KRAFT FOODS INC
CELG - Celgene Corporation
VVUS - Vivus, Inc
SBUX - Starbucks Corporation
M - FEDERATED DEPARTMENT
TSCO - Tractor Supply Company
PVH - PVH Corp
FAST - Fastenal Company
AMT - AMERICAN TOWER CORP
REGN - Regeneron Pharmaceutical
CFX - Colfax Corp
CIE - Cobalt International
NWS - News Corp Ltd ADR
ROST - Ross Stores, Inc.
PCYC - Pharmacyclics 

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've actually owned both Kraft and American Towers for some time. Kraft I just see as a stable, long-term holding. I like that its food related and in consumer staples. I am thinking of getting out of AMT though. It doesn't pay a dividend and its PE is now 89. Its income is growing at over 50pc/year, but still not sure whether to hold onto it or not. On the one hand, a 52 week high could mean further upside, but on the other hand, I am thinking I shouldn't get too greedy either!

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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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