Solar Stocks to watch in the week ahead
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In the watchlist posted on Thursday, I had posted the chart of JinkoSolar Holding Co., Ltd. (NYSE:JKS) and commented "The volume picked up today and it may be starting a rally. The daily chart shows a doji candle after a few down days, which is sometimes a reversal signal." Well, the following technical chart above shows exactly what happened yesterday. Looking forward, JKS appears a good buy in near term. The chart shows a stock that is starting to breakout and I would look to the $10 level as the next important point of resistance. The 200-day MA is currently $14.82 a share. A bullish volume pattern has been also formed in the last two sessions. In additon, the MACD is moving upwards in positive zone, revealing increasing bullish momentum and stochastics generated a buy signal. If you haven't added JKS to your watchlist, now is the time.
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Canadian Solar Inc. (NASDAQ:CSIQ) has broke to the upside from its recent brief consolidation and the technical chart is bullish. Stock on Thursday closed above its 100 days MA of 3.34 with high volume and yesterday's close confirmed the breakout. Technical indicators are supporting the bulls.
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Trina Solar Limited (NYSE:TSL) moved up well on Friday and volume increased. The stock looks good for more gains next week. From a technical standpoint there is a near term to midterm opportunity for shares of TSL to rebound to higher levels. The chart above shows the momentum indicators have turned up and the RSI is on the rise.
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Nice spike up on strong volume. Could play First Solar, Inc. (NASDAQ:FSLR) here for a move above $51. MACD is positive and above the signal line. RSI is moving up and above its 50% level.
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ReneSola Ltd. (NYSE:SOL) has consolidated very well and is looking ready to move higher from here. A long entry could be made as it breaks over 2.65. Technical chart looks Bullish, the MACD is positive and above the signal line. RSI is moving up and stochastic is also moving up and above its 50% level.
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Other stocks to watch :Pacific Biosciences of California (NASDAQ:PACB) - The stock held up pretty well for a stock that had run up $1.42 in just two trading days. I think we might see another spike soon.
InterDigital, Inc. (NASDAQ:IDCC) - Put on your watchlist. Insiders bought huge volume of shares on Thursday.
Hemispherx BioPharma, Inc (NYSEAMEX:HEB) - The rally continued on Friday as buyers drove the price up 9 cents, or 29 percent, to close at $.41
Novatel Wireless, Inc. (NASDAQ:NVTL) has not confirmed a buy signal yet but looks like it coud be getting very close when it clears its 50-day MA. The technical indicator OBV still showing positive divergences and moving north even as the stock price falls meaning the selling strength is very weak. So a strong bounce is likely.
Hemispherx BioPharma, Inc (NYSEAMEX:HEB) - The rally continued on Friday as buyers drove the price up 9 cents, or 29 percent, to close at $.41
Novatel Wireless, Inc. (NASDAQ:NVTL) has not confirmed a buy signal yet but looks like it coud be getting very close when it clears its 50-day MA. The technical indicator OBV still showing positive divergences and moving north even as the stock price falls meaning the selling strength is very weak. So a strong bounce is likely.
Cell Therapeutics, Inc. (NASDAQ:CTIC) Flagging here. Could be setting up for a run to $1.50.
US Earnings Calendar for Monday, January 30
Actuate Corp - BIRT
Advanced Energy Industries Inc - AEIS
Agilysys Inc - AGYS
Align Technology Inc - ALGN
Alliance Bankshares Corp - ABVA
Ampco-Pittsburgh Corp - AP
Annaly Capital Management Inc - NLY
Annapolis Bancorp Inc - ANNB
Array Biopharma Inc - ARRY
Athens Bancshares Corp - AFCB
Aware Inc - AWRE
Baidu Inc - BIDU
Bank of the Carolinas Corp - BCAR
BCSB Bancorp Inc - BCSB
Biodel Inc - BIOD
BNC Bancorp - BNCN
Britton and Koontz Capital Corp - BKBK
Bryn Mawr Bank Corp - BMTC
Capital Bank Corp - CBKN
Capitol Federal Financial - CFFN
Cardiovascular Systems Inc - CSII
Carolina Bank Holding Inc - CLBH
Carolina Trust Bank - CART
Carrollton Bancorp - CRRB
CNB Financial Corp Inc - CCNE
Consolidated Graphics Inc - CGX
Constellation Energy Group Inc - CEG
CSS Industries Inc - CSS
Ellie Mae Inc - ELLI
Emclaire Financial Corp - EMCF
Enbridge Energy Management LLC - EEQ
Enbridge Energy Partners LP - EEP
Enterprise Financial Services Corp - EFSC
ESB Financial Corp - ESBF
Fabrinet - FN
First Bancorp - FBNC
First Bancshares Inc - FBMS
First Financial Bankshares Inc - FFIN
First Financial Hldg Inc - FFCH
First Interstate Bancsystem Inc - FIBK
First M & F Corp - FMFC
First of Long Island Corp - FLIC
Gannett Co Inc - GCI
German American Bancorp Inc - GABC
Graco Inc - GGG
Green Bankshares Inc - GRNB
Guaranty Bancorp - GBNK
Haemonetics Corp - HAE
Hampden Bancorp Inc - HBNK
Haynes International Inc - HAYN
Heartland Financial USA Inc - HTLF
Highway Holdings Ltd - HIHO
Hologic Inc - HOLX
ICU Medical Inc - ICUI
Ingles Markets Inc - IMKTA
Integrated Device Technology Inc - IDTI
Kearny Financial Corp - KRNY
Kilroy Realty Corp - KRC
Lake Shore Bancorp Inc - LSBK
Landauer Inc - LDR
Landmark Bancorp Inc - LARK
LightPath Technologies Inc - LPTH
Louisiana Bancorp Inc - LABC
LRAD Corp - LRAD
MaxLinear Inc - MXL
McKesson Corp - MCK
Microfinancial Inc - MFI
Middleburg Financial Corp - MBRG
Mindspeed Technologies Inc - MSPD
Motorcar Parts of America Inc - MPAA
Mueller Industries Inc - MLI
Navarre Corp - NAVR
New Frontier Media Inc - NOOF
Newport Bancorp Inc - NFSB
Northeast Bancorp - NBN
Old National Bancorp - ONB
Olin Corp - OLN
Oneida Financial Corp - ONFC
OptimumBank Holdings Inc - OPHC
Oritani Financial Corp - ORIT
PAREXEL International Corp - PRXL
Parke Bancorp Inc - PKBK
Parlux Fragrances Inc - PARL
Peoples Bancorp Of North Carolina Inc - PEBK
Peoples Financial Corp - PFBX
Pharmacyclics Inc - PCYC
Pixelworks Inc - PXLW
Plum Creek Timber Co Inc - PCL
Plumas Bancorp - PLBC
Porter Bancorp Inc - PBIB
Reinsurance Group of America Inc - RGA
Rent-A-Center Inc - RCII
Rudolph Technologies Inc - RTEC
Savannah Bancorp Inc - SAVB
Selectica Inc - SLTC
Sify Technologies Ltd - SIFY
SL Green Realty Corp - SLG
Solutia Inc - SOA
Southern Community Financial Corp - SCMF-
Stancorp Financial Group Inc - SFG
Summit Financial Group Inc - SMMF
Sun Bancorp Inc - SNBC
Sussex Bancorp - SBBX
Synutra International Inc - SYUT
Technical Communications Corp - TCCO
Thomas and Betts Corp - TNB
TRC Companies IncTRR
Triumph Group Inc - TGI
Vicon Industries Inc - VII
Vulcan Materials Co - VMC
Wendy's Company - WEN
WisdomTree Investments Inc - WETF
WSB Holdings Inc - WSB
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: CSIQ, FSLR, JKS, SOL, TSL
