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Wednesday, March 07, 2012 

Five Swing Trade Setups to Watch

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Starbucks Corporation (NASDAQ:SBUX) broke out to all time highs accompained by a decent volume suggesting higher levels. This is generally a hot buy from a technical perspective. The stock hit a high of $49.52 which is now resistance for Thursday’s follow through move. The technical indicators are looking mixed, with only the RSI bouncing sharply off the 50% level. The MACD is positive and above the signal line but is displaying a negative divergence as it failed to make new highs. All three MA's are moving up and the stock is well above them. As long as the stock stay above the 50-day moving average, the bullish scenario is still intact. Bulls still in control. 

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Amazon.com, Inc. (NASDAQ:AMZN) stock has been trading around its 50-day moving average in the last trading sessions and the stock appears to have successfully reversed its recent downtrend. Take a look at the technical chart because the stock has some noticeable indicators suggesting that is ready to make a move. Accumulation remains elevated even after the recent downtrend, which indicates there are traders out there who refused to sell their shares on the way down and may have even been adding to their positions. RSI back over 50% level and stochastics are edging out of oversold range as well. In addition I notice that the MACD had a bullish crossover , which gave a buy signal. So put the stock on your radar screen tomorrow !

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Rubicon Technology, Inc.(NASDAQ:RBCN) Still liking and holding overnight. The technical Indicator CCI crossed above -100 for the first time since December when the stock traded around 8.50. The combination of slowing momentum, represented by the indicator CCI as well as the major support makes a strong case for a short term bottom.

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The Bon-Ton Stores, Inc.(NASDAQ:BONT) Breakout of lateral resistance. Any pullback to support ( 200 day moving average) should be accumulated.

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Elan Corporation, plc (NYSE:ELN) is holding up nicely above the key support of $12. The technical chart is showing possible buying opportunity as %K line is about to cross on top over %D line. The MACD is pointing up and the histogram is starting to rise, apparently both are indicating that the downtrend is losing momentum. Hold the stock with a stop loss at 11.95

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. 

US Earnings Calendar for Thursday

Days Group Holdings Ltd - SVN
A Systems Inc - AONE
AAON Inc - AAON
Achillion Pharmaceuticals Inc - ACHN
Aeropostale Inc - ARO
Affymax Inc - AFFY
ALAMO GROUP INC - ALG
Alimera Sciences Inc - ALIM
Alon USA Energy Inc - ALJ
Altera Corp - ALTR
American Caresource Holdings Inc - ANCI
American Safety Insurance Holdings Ltd - ASI
Approach Resources Inc - AREX
Arabian American Development Co - ARSD
ARMOUR Residential REIT Inc - ARR
Assisted Living Concepts Inc - ALC
BG Medicine Inc - BGMD
Bidz.Com Inc - BIDZ
Biolase Technology Inc - BLTI
Body Central Corp - BODY
Buckle Inc - BKE
Cambium Learning Group Inc - ABCD
Cantel Medical Corp - CMN
CECO Environmental Corp - CECE
China Real Estate Information Corp - CRIC
Chyron Corp - CHYR
ClearOne Communications Inc - CLRO
Clovis Oncology Inc - CLVS
Columbia Laboratories Inc - CBRX
Complete Genomics Inc - GNOM
Comtech Telecommunications Corp - CMTL
Comverge Inc - COMV
Cooper Companies Inc - COO
Core Mark Holding Co Inc - CORE
Cornerstone Therapeutics Inc - CRTX
Cytori Therapeutics Inc - CYTX
Daegis Inc - DAEG
Daqo New Energy Corp - DQ
Dehaier Medical Systems Ltd - DHRM
Depomed Inc - DEPO
Dixie Group Inc - DXYN
Double Eagle Petroleum Co - DBLE
Dynegy Inc - DYN
Eagle Bulk Shipping Inc - EGLE
Emergent BioSolutions Inc - EBS
Energy Partners Ltd - EPL
Energy Recovery Inc - ERII
Entertainment Gaming Asia Inc - EGT
FLY Leasing Ltd - FLY
Fuel Systems Solutions Inc - FSYS
Full House Resorts Inc - FLL.
Fushi Copperweld Inc - FSIN
Gastar Exploration Ltd - GST
Genmark Diagnostics Inc - GNMK
Global Partners LP - GLP
Glowpoint Inc - GLOW
GSE Systems Inc - GVP
Heckmann Corp - HEK
Hi-Tech Pharmacal Co Inc - HITK
Home Inns & Hotels Management Inc - HMIN
Homeowners Choice Inc - HCII.
Hudson Pacific Properties Inc - HPP
Icahn Enterprises LP - IEP
InfuSystem Holdings Inc - INFU
Intellicheck Mobilisa Inc - IDN
Internet Gold Golden Lines Ltd - IGLD
Interval Leisure Group Inc - IILG
Jinkosolar Holding Co Ltd - JKS
Jinpan International Ltd - JST
Jones Soda Co - JSDA
Kirklands Inc - KIRK
Ku Media Co Ltd - KUTV
Lifetime Brands Inc - LCUT
Lime Energy Co - LIME
LuNA Innovations Inc - LUNA
Mac-Gray Corp - TUC
MTR Gaming Group Inc - MNTG
Natural Gas Services Group Inc - NGS
Navistar International Corp - NAV
NeurogesX Inc - NGSX
New York Mortgage Trust Inc - NYMT
Nexstar Broadcasting Group Inc - NXST
NGP Capital Resources Co - NGPC
NL Industries Inc - NL
Obagi Medical Products Inc - OMPI
Omega Protein Corp - OME
Oncogenex Pharmaceuticals Inc - OGXI
Orbit International Corp - ORBT
Orexigen Therapeutics Inc - OREX
Paulson Capital Corp - PLCC
Pharmathene Inc - PIP
Photomedex Inc - PHMD
Post Holdings Inc - POST
PostRock Energy Corp - PSTR
PowerSecure International Inc - POWR
QAD Inc - QADB
Quiksilver Inc - ZQK
Radnet Inc - RDNT
Renren Inc - RENN
Safety Insurance Group Inc - SAFT
Salem Communications Corp - SALM
Saul Centers Inc - BFS
Smith & Wesson Holding Corp - SWHC
Smithfield Foods Inc - SFD
Somaxon Pharmaceuticals Inc - SOMX
Spar Group Inc - SGRP
STAG Industrial Inc - STAG
Suntech Power Holdings Co Ltd - STP
THL Credit Inc - TCRD
TICC Capital Corp - TICC
TPC Group Inc - TPCG
TranS Inc - TSON
Transact Technologies Inc - TACT.
Triangle Capital Corp - TCAP
U S Physical Therapy Inc - USPH
Ulta Salon Cosmetics and Fragrance Inc - ULTA
Uni-Pixel Inc - UNXL
Wireless Ronin Technologies Inc - RNIN
World Energy Solutions Inc - XWES
Zogenix Inc - ZGNX
Zumiez Inc - ZUMZ

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 48 year old Independent Trader using proprietary technical analysis with more than 20 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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