AC Investor Blog: 03/01/2012

Five trading ideas for next week

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I like this chart on DryShips Inc.(NASDAQ:DRYS) alot. Prob one of my Favorites right now. As you can see the stock brokeout on highvolume last month and was able to keep this strength in March. The stock ended the day on Friday with a strong gain of 14 cents (4%) to 3.48. It pushed higher throughout the day and closed out the session near its highs. This creates a bullish scenario for next week, one in which the stock opens the day a few ticks higher and then continues its rally. The break of resistance 3.33 (20-day SMA ) with high volume also was great. The next point of interest is the the next point to look out for is the high of February at 3.84. DRYS has a very interesting daily chart and could have a bigger move soon. The technical chart looks really bullish as the stock is trading above 50-day moving average and the 50-day MA crossed above 200-day MA recently ( Golden Cross ). Additionally, the Accumulation/Distribution shows that the stock continues to be under accumulation by institutional traders and money managers. Heavy volume on up days. A break of 3.84 would confirm continuation of the trend, with a target area of 4.3 to 4.5. Worth watching for a breakout.

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Dendreon Corporation (NASDAQ:DNDN) - From a technical perspective, there are some signs of a possible bounce here due to the positive divergences (MACD, RSI, Sto) which often leads to short covering. If the stock can break through Friday’s high of $10.74, we should see a strong follow through move. Let’s see whether the stock can gather enough momentum to break through that level.

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Elan Corporation, plc (NYSE:ELN) looks like is close to attempting a new breakout. The stock hit a high of $15.25 on Friday, but failed once again to close above that level.I expect to see a high volume move once the stock breaks through resistance, as traders are watching this stock closely. Technically speaking, this stock is currently in an uptrend and is finding support from its 20-day MA at 13.91. Only a close below this zone would have negative implications. Additionally, the the Accumulation/Distribution is showing a rising move, indicating a rising money flow into the stock. Keep the stock on your screen because once ELN breaks through resistance, the stock should take off and move quickly.

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I've mentioned Tellabs, Inc.(NASDAQ:TLAB) for the bulls out there. I stand by this position. It looks like the stock is starting to turn back up and indicators are giving the first bullish signs. I am looking to see this stock re-test its Januray highs shortly. The MACD is increasing and the stock price has regained its position above the 50-day MA. The nearest trend is in favour of Bulls and TLAB has room to go higher. If the stock can break through $4.10, we should see strong volume drive the stock higher. Also watch out for other resistance levels at $4.08 which is the 200-day moving average. I'm still maintaining the buy rating on TLAB as the technical chart still shows very bullish sign with MACD above 0.

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InterDigital, Inc.(NASDAQ:IDCC) continues to fall on light volume. Do not be shaken out by MM games !! Inside trading has been very active in January. They are buying now after pausing years. Essentially, if you buy IDCC you have to be patient.

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

Labels: DNDN, DRYS, ELN, IDCC, TLAB

08:30 | Permalink |

4 Stocks Worth Taking A Look At

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Renren Inc (NYSE:RENN) has been forming a large pennant pattern on the daily chart over the last few weeks, popped on good volume and retreated on lower volume. It looks like it may be starting to gain some momentum again and should make a move soon. The Pennant is a continuation pattern, that is marked by a small consolidation before resumption of the previous trend. In addition, the MACD Fast Line is about to cross up through the Slow Line, Bullish. Let's keep an eye on her as i think momentum will pick up.

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Juniper Networks, Inc. (NYSE:JNPR) - Looks about ready to run here. Over 22.9, next stop 25 then the run to $29.

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Shares of Threshold Pharmaceuticals, Inc. (NASDAQ:THLD) closed the day gaining more than 5% to a new historic mark for stock at $8.42, near the highs of the day at $8.77. The stock has been on one of the most amazing runs of the past two months. I'll be watching the stock on Friday, looking for a follow through move. As long as the stock stay above $6.65, the bullish scenario still intact.

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Dendreon Corporation (NASDAQ:DNDN) breaks above the 20-day MA for the first time since late February, signifying that a new short term uptrend is in place. Further rise is expected to $11 zone. Indicators are also showing signs of recovery. Near term support is now located at $9.95, as long as this level holds, I'd expect the uptrend to continue. Long-term investors may hold with a stop at $9.05. Keep DNDN in your watchlist.

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

Labels: DNDN, JNPR, RENN, THLD

22:13 | Permalink |

Long Stock Ideas for March 29 th

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I've alerted my readers about the potential upside movement in Zalicus Inc (NASDAQ:ZLCS) shares yesterday and today to all my twitter followers at $1.08. The stock has come up to my expectations as it was among the top gainers of Nasdaq and closed up 15.74 percent at $1.25 trading more than 8.7 Million shares, well above its average volume. These gains are really significant and represent substantial profit for not only my twitter followers and subscribers but also any other investors who took advantage of my alert early, before the market caught on. If you are on board there is nothing more to do but enjoy the ride ;-) ..... A quick look at the technical chart :

1) ZLCS is currently moving up with heavy volume

2) MACD lines are going up
3) RSI still above the neutral 50 level at 72, buyers strength still persists.
4) Money Flow-Index still climbing.
5) The +DI crossed up through the -DI this month - Bullish.
6) %K line has crossed on top over %D line
7) OBV still climbing.

8) The accumulation/distribution indicator shows the stock under strong accumulation

The strong accumulation over the past days has shown funds moving into the company and moved share prices upward. Keep watching the stock this week since anticipated increased volume tomorrow that could push shares much higher. Don't miss this opportunity research the stock now !

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Juniper Networks, Inc. (NYSE:JNPR) saw continued buying pressure today. I think current levels offer a great chance to play a rebound in shares. The stock closed today at $22.41 above the 50-day MA. From a technical standpoint, the stock has build a good support around $20.5 and $21 recently and do has the chance to go up. Any breakout above 200-day MA will be positive sign.

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Toll Brothers, Inc. (NYSE:TOL) had a strong move today, as the stock set new 52-week highs. The stock hit a high of $25.29, which is resistance for the follow through move. The medium term trend is bullish as the stock is above 50-day and 200-day moving averages with both moving averages going up. You should watch this stock closely on Thursday.

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PNC Financial Services (NYSE:PNC) broke out to a new all-time high today, accompained by a strong volume suggesting higher levels. The technical chart still showing a bullish bias. KD line shows positive signs as %K line is rising on top over %D line and RSI continue moving up. I suspect the stock may continue to appreciate over the coming days. Stay tuned !!

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8x8, Inc. (NASDAQ:EGHT) - The daily MACD is near to giving a new buy signal and the Histogram is near to zero line. The stock needs to take out resistance at the 4.05 area to continue higher. Keeping it on the list.

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

Labels: EGHT, JNPR, PNC, TOL, ZLCS

22:26 | Permalink |

Trade Ideas for March 28

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E Commerce China Dangdang Inc (NYSE:DANG) waiting for a break above the 8.55 level for a long position. The stock is up against a lateral resistance level and expected to break out. DANG just turned bullish on charts. The stock closed above its 200-day MA with high volume. MACD is positive and above the signal line. RSI is also moving up and above its 50% level. For Short Term, accumulate the stock below 8 for a target of around 10. DANG has very strong support at 7.33.

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After the breakout shares of Abercrombie & Fitch Co. (NYSE:ANF) have pulled back and is testing the break level. Expecting a bounce from this level and a breakout of the 54 level with a price target for the near term of 60. Stops on close below the breakout level 50.26.

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Zalicus Inc (NASDAQ:ZLCS) - At resistance level, will it break the downtrend line ? Biotech names have been active and some are giving buy signals. Look for a break above the 1.12 level to enter longs for a 1.4 price target in the near term. Short-term technical indicators are supporting the bulls. The MACD is perking up, CMF is moving up and RSI just crossed its 50% level.. I think the stock has room to go higher.

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Juniper Networks, Inc. (NYSE:JNPR) made a strong upside reversal today. The technical chart is displaying a screaming buy divergence on the upside. Expect an initial run up to $22.98 with a break higher moving to the 25 zone.

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Tellabs, Inc. (NASDAQ:TLAB) just reconquered the 20-day moving average, converting this key line back into support for the first time in over a month. MACD fast line just crossed above the slow line, giving the bulls the signal they wanted. In addition, Sto bounced off the edge of oversold about a week ago and is now back on the upswing .TLAB has momentum back on its side ! If we close above 4.08, we can run to 4.4 easily... 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.

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: ANF, DANG, JNPR, ZLCS

23:03 | Permalink |

Stocks Watchlist For Tuesday, March 27

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Digital River, Inc.(NASDAQ:DRIV) showed buying strength all day. The stock is on the verge of breaking out and it could happen very soon. Once the stock breaks $18.59, jump in and watch DRIV take off. The technical indicators are supporting the bullishness. The MACD triggered a buy signal today showing a bullish direction short term and the Histogram turned positive on the daily. In addition, KD is now going up and the stock closed again above the 20 day moving average. So, keep DRIV on your radar!

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Amyris Inc (NASDAQ:AMRS) shares gained more than 7 percent, closing near its highs of the day on strong volume. The stock broke through resistance and out of flag formation. Looks good to go here. Its technical chart show some bullish signals as both MACD and KD are now going up and the stock breaks above the 20 day moving average. The recent insider buying of 31.000 shares at 5.78 is also another positive indication that the insiders are now bullish about the company. Next resistance is now seen at $6.69.

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Congratulations to all my readers that profited on this one from my latest newsletter [written on Friday after the bell]. ARNA closed up 60 cents for gains of 24.9%. The stock showed great momentum and had great trading volume. If you are still in it make sure you have your downside protected. I took profits on my long position at around 2.99 for a gain of about 35 percent. The stock has surged more than 70% in the past 5 sessions. On a technical basis the stock seems to be overextended. It has been overbought too quickly for most of the momentum to be sustainable. Based on the current RSI levels in the stock, the probability of the rally continuing tomorrow is not high. Nonetheless, the stock can go higher even if is overextended. Although the recent move maybe needs a small correction before going higher,at this point, I recommend using this rally as an opportunity to raise cash, sit on the sidelines and wait for a good buying opportunity for the long term.

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Elan Corporation, plc (NYSE:ELN) is flagging here. If it's breaks $15.27 it will absolutely fly into the 16's right away.

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Dendreon Corporation (NASDAQ:DNDN) Looks about ready to run here.... Technicals improving.. The price movement in the last couple of days indicates that the stock has formed a short-term bottom at $9.8. The stock needs to break Tuesday’s high of $10.48 to expect a strong rally at this point.

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

Labels: AMRS, ARNA, DNDN, DRIV, ELN

22:51 | Permalink |

Great looking setups to watch next week

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Zagg Inc (NASDAQ:ZAGG) stock is perking up with good volumes after a decent consolidation period. Notice on the down days the volume has been very low and on the up days volume has been greater which tells us the bulls are in control here. As long as price remains above 10.46, I see the potential for more upside while noting that near-term resistance is at 10.96 and longer-term resistance is near 11.70. Long positions can be taken at current price (10.83) and below with stop loss below 9.73 on closing basis. The technical indicators are improving. The MACD is positive and above its signal line. The RSI is above its neutrality area at 50 and the CMF is also positive. We can also see in the technical chart above that the 20 day sma has crossed over the 50 day sma in February and that the stock is now flagging above it’s 20 day sma. At this point there are still plenty of bears who do not believe in this rally. It appears that the big money is about to dive into the long side as the technicals indicate that the stock is poised to move higher, possibly a lot higher due to the high short interest in the stock. Keep the stock in your radar. I like this stock a lot !!!

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Arena Pharmaceuticals, Inc.(NASDAQ:ARNA) stock had very nice move this week. Volume continues to be strong on this move up, which is very positive. I want to see more follow through from this stock next week. Next resistance lies only at 2.62

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InvenSense Inc (NYSE:INVN) stock broke out today but failed to close near the highs. INVN pulled back during the day, however still closed higher than the high of the previous two sessions, which is bullish to me. Let's see how this trades next week.

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Amazon.com, Inc. (NASDAQ:AMZN) - Continues trading higher since cleared this symmetrical triangle. Technically, the stock still trading above both 20 day and 50 day moving average and MACD is above 0 showing positive momentum. Other factors that are in favor of a move higher is the technical indicator Accum/Dist and the the Relative Strength Index, both are still rising which is bullish. Resistance for Monday’s move is $196.2, which reflects Friday’s high of the day.

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Elan Corporation, plc (NYSE:ELN) looks poised to move higher after a nice healthy low volume consolidation. This stock is holding up nicely above the key support of $14.4 in this weak market environment. It has a good base which can be used as a stop loss for long position. On the upper side, the move is likely to accelerate above $15. Short-term investors can hold the stock as long as it trades above $14.4

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

Labels: AMZN, ARNA, ELN, INVN, ZAGG

23:28 | Permalink |

Breakout setups on watch

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Lululemon Athletica inc.(NASDAQ:LULU) had a nice breakout today, up 1.88, or 2.54%. Resistance was taken out with a thrust and could lead to more upside. Look for a target at about 79-81 short-term. I'll be watching LULU on Friday for a continuation of this breakout. The trend is still bullish as the stock is still on top of 20-day and 50-day moving average with both moving averages going up. Other good news, the MACD is perking up and the OBV is moving up. Honestly, I believe the stock has room to go higher. Watch the stock closely on Friday.

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Western Digital Corp. (NYSE:WDC) broke out from a rectangle pattern accompanied with high volume. We should be able to see some decent upside movement for the bulls here. A positive MACD cross has occurred and RSI is moving up strongly.

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Starbucks Corporation (NASDAQ:SBUX) stock broke out to new highs today on 2x the daily avg. volume. Looks good for higher prices.

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Constellation Brands, Inc. (NYSE:STZ) - Broke out today on good volume. No resistances above.

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Mindray Medical International Ltd (NYSE:MR) continued its move up having broken out from an ascending triangle pattern a few days back.

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

Labels: LULU, MR, SBUX, STZ, WDC

22:33 | Permalink |

3 Good looking charts on the long side

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Zagg Inc(NASDAQ:ZAGG) stock displayed some impressive relative strength with a 6.81% gain. After consolidating in between the 10.45 resistance and the 9.81 support for over three weeks, the stock finally broke out from its consolidation and marked a new month's high of 10.96. Therefore, the 10.45 level is now the support level. At the mean time the 20 and 50 SMA shall continue serving as the dynamic support to the stock. On the daily chart basis, the technical indicators are looking better now for the stock. The rising of the MACD histogram suggests a weakening of the bearish signal and MACD line has a positive crossover. In addition, the bullish crossover in the ADX chart adds to my conviction. Besides, the breakout was accompanied by volume. Based on technical reasons, there is a near term to midterm opportunity for shares of ZAGG to rebound to higher levels. A move above $11.73 could spark a huge short-squeeze. Short % of Float 48.8%. Potential upside of 100% exists for Zagg Inc, based on a current level of $10.66 and analysts' average consensus price target of $20.50. The stock should find initial resistance at its 200-day moving average (MA) of $11.73 and further resistance at $12. Shareholders may remain invested with a stop-loss at $9.81.

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Clean Energy Fuels Corp. (NASDAQ:CLNE) broke out to all-time highs again today. The volume on today's break was great however at the present level the stock is extended. I'm bullish on this stock, but in situations like this, I prefer to wait for a pull back rather than chase the market. Technically, the stock is still in a very strong bull market with MACD on top of signal line and 50-day moving average on top of 200-day moving average. CLNE has the following important levels. Resistance at $24.75 and support at $21.43

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Sirius XM Radio Inc (NASDAQ:SIRI) - Selling volume is drying up and the uptrend is likely to continue. During an uptrend, pull backs are often characterized by low volume. 20-SMA still acting as a good support. Moreover, the recent consolidation has just turned into a flag formation which is usually treated as small pause in the ongoing move. Resistance at $2.36 and support at $2.17

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

Labels: CLNE, SIRI, ZAGG

22:11 | Permalink |

Top Stocks to watch for Wednesday

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Amazon.com, Inc.(NASDAQ:AMZN) stock successfully broke the resistance of the symmetrical triangle confirming a reversal form the previous downward trend. Target price for the pattern is at 210-212. There are however upcoming resistances at 195.94 the previous high and the 200.51 the 200 day MA. From a technical standpoint I think more buyers could come as most indicators show strong buy signal. MACD shows buy signal as MACD is on top of signal line and RSI is above 50% level. KD also shows buy signal as %K line has just rose on top of %D line. In addition, the stock is on top of 20-day and 50-day moving average showing the stock is in a short-term uptrend. A rally to the short-term resistance at 200 appears likely.

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CIS seems to be a promising stock to follow. I loaded up more Camelot Information Systems Inc (NYSE:CIS) shares today after the break of Friday's highs. Shared this one with you guys on twitter. After today's 9.55% jump to $3.44 per share the technical chart is still showing the same trend as stock is still on top of 20 day and 50 day moving average with MACD on top of signal line. In addition the ADX is confirming the strong uptrend. If we see follow-through tomorrow, it might run hard.

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Abercrombie & Fitch Co.(NYSE:ANF) was one of the few stocks that ended higher on Tuesday. I'm watching the stock on Wednesday for a continuation move. Resistance for this move is $54.1, which reflects Wednesday’s high of the day. If ANF does break resistance, I expect to see the stock move very quickly.

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Arena Pharmaceuticals, Inc.(NASDAQ:ARNA) had a breakout from a small sideways channel. Possible target price at 2, however at the current price level the target is already near. Volume has been great at the breakout, so the support may hold if it is tested. The stock hit a high of $1.97 on the day, which is resistance for Wednesday’s continuation move. If the stock can break through this level, I expect to see a strong upside move.

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Elan Corporation, plc (NYSE:ELN) - Stock is flagging here. If it's breaks $15 again it will absolutely fly into the $16's right away. Technically the stock is in bull market as 50-day moving average is on top of 200-day moving average with MACD and signal line on top of 0. In addition, the ADX is confirming the 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.

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: AMZN, ANF, ARNA, CIS, ELN

22:02 | Permalink |

Top 4 Setups for Tuesday

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Las Vegas Sands Corp. (NYSE:LVS) hit a new 52-week high, trading as high as 59.85, before settling at a close of 59.12. I'll be watching the stock on Tuesday, looking for a follow through move. So far the technical daily chart is still showing buy signal with stock trading above 50-day and 200-day moving averages with MACD on top of signal line and %K line on top of %D line. Any drop just means better buying opportunity.

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VIVUS, Inc. (NASDAQ:VVUS) - Broke out of the flag today. Low volume but technicals look good. As long as the stock holds above the 20-dma support the intermediate-term picture should remain positive. Fresh exposures may be considered on a move past $21.68, with a stop-loss at $20.

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Zagg Inc (NASDAQ:ZAGG) had a nice surge a few weeks ago and has been consolidating that move since then. The stock is displaying upside momentum and is poised to move higher from these levels. Nearest resistance for the stock is at 10.46. If this level is crossed and the stock is able to sustain above this level, then it might go to 11.73. The stock is a short squeeze candidate, with a short float at 48% (equivalent to 6 days of average volume). This stock can pop big time on any positive news.

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XenoPort, Inc.(NASDAQ:XNPT) was one of the stronger stocks on Monday, as the stock closed up 17 cents on 2x normal daily volume. The stock hit a high of $4.44, which is resistance for Tuesday’s move. XNPT showed strength throughout the day and should continue this upside move. On the technical side, the chart looks very good here. The stock broke through $4.25 resistance and closed above its 50 MA. Stochastics and the RSI are now bullish signalling that sideways to higher prices is possible near-term. MACD crossing over. The price can easily move up to 4.50-4.85.

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

Labels: LVS, VVUS, XNPT, ZAGG

22:06 | Permalink |

5 stocks to watch next week for potential trades

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Elan Corporation, plc (NYSE:ELN) Broke out to new highs today on 3x the daily avg. volume. There are some reasons to start taking an active look at this stock. The breakout has occured on strong volumes, an indication of some strength in the stock. The MACD and Stochastics are also on a strong positive zone. In addition, the OBV chart is showing some strong buy in this stock. However, for the stock to move from this level would be difficult as the RSI indicator is in the 70s. So there is a strong possibility here of the stock to correct back to probably 14.02 before moving higher again. Today's movement was something that I have been waiting to see from this stock. I would wait for a pullback unless there is some strong buying happening in this segment. The stock has two immediate support levels. One is at 14.28 and the next is at 14.00-14.02.

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FormFactor, Inc. (NASDAQ:FORM) - Breaking out of a well-defined base on decent volume. Note $5.50 was resistance, now support. The MACD is still above the technical signal line. Also, the ADX chart has given some strength to this movement. Watch for follow-through next week.

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Goldman Sachs Group, Inc.(NYSE:GS) Pulled back to rising 9 day moving average. Looking to buy on strenght. Very interesting chart in terms of price candles, action and volume patterns. Stop loss below 117.26. In addition, technical chart shows very bullish signal as 50-day moving average has just crossed on top over 200-day moving average forming the Golden Cross.

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Coffee Holding Co., Inc. (NASDAQ:JVA) is probably one of the best acting stocks in the momentum. She's extended but no one seems to care. So, I'll be watching her carefully for any possible opportunities. The stock has two immediate support levels. One is at 13 and the next is at 12.43. Only a close below the 200-day moving average with volume, will change the trend.

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Camelot Information Systems Inc (ADR) Series of higher highs higher lows...the simplest and most reliable indicator. The technical OBV indicator is a good leading indicator for this small cap at these levels, the volume chart from OBV is showing a growing interest in accumulating the stock. In addition, the MACD has moved into a stronger zone. 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.

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.

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AC

Labels: CIS, ELN, FORM, GS, JVA

23:57 | Permalink |

AC Investor Blog

Seeking to provide independent day trading strategies based on Technical Analysis.

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