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Monday, February 06, 2012 

Bullish Stocks to Watch for Tuesday

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First Solar, Inc. (NASDAQ:FSLR) - As I mentioned on Twitter, I keep holding my long position in FSLR waiting for something BIG. Special points of interest on daily chart :  For the short term, the stock is consolidating inside a small ascending triangle with resistance at 47.10. If it breaks out of the ascending triangle and close above, target price is at $52. The On Balance Volume is showing positive signs and the MACD indicator is rising above "0" also indicating a buy. Price may still move higher this week. 

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Shares of Alpha Natural Resources, Inc. (NYSE:ANR), surged the fourth straight day by adding 3.34% or 76 cents to $23.54 per share. Momentum indicators are bullish now with RSI inching away above the middle level. The strongest sign of a bullish momentum is the MACD indicator which has just started to increase and is above "0". The On Balance Volume is also showing positive signs on the stock. Price is expected to at least rally the next resistance at $25.48 and even go higher to test the next resistance level at $27.70.

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ReneSola Ltd. (NYSE:SOL) looks good over $2.60 with volume. The short-term uptrend is intact and signals further bullishness on this stock. 

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DryShips Inc. (NASDAQ:DRYS) had a remarkable move up with very high volume. This is currently a buy, so buying the dips is recommended as long as the MACD does not move below signal line. Resistance is expected at 3.09. 
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Novatel Wireless Inc (NASDAQ:NVTL) is still a buy. The technical daily chart shows the stock is in a rally as %K line is rising on top of %D line as the price is back above 50-day moving average. In addition, the major resistance line has been broken. At this stage, we can expect to see higher prices in the weeks to come. Another bullish indicator is the MACD which has made a cross over and bullish momentum has returned to the stock. The stochastics have turned up and RSI is now back in a positive position. All short-term indicators are in upward path. Next resistance can be found between $3.60 and $3.65.

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Trina Solar Limited (NYSE:TSL) - The outlook remains positive for the stock as long as it rules above $7.71 ( 50d sma ). Sto has generated a buy signal. Let's keep an eye on TSL as i think momentum will pick up.

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. 

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 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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