AC Investor Blog: 05/01/2012

Trade Setups To Watch on Friday , June 01

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Shares of Zynga Inc (NASDAQ:ZNGA) seems to have bottomed out and is ready for a decent bounce to 6.75-7 levels where is faces some resistance. We'll have to watch the stock around those levels. If you are long, initial stoploss should be placed at 5.8.

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Tellabs, Inc. (NASDAQ:TLAB) is showing signs of bottoming out on the charts along with the MACD giving positive signals. The stock has just broke a Falling Wedge Pattern which is usually bullish.

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US Airways Group, Inc. (NYSE:LCC) is a nice stock which has been trending up nicely. I had spotted this beauty last week at around $11 levels and it continues to surprise us on the upside. Many readers have made already made 15%+ on the stock.

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Xcel Energy Inc (NYSE:XEL) has just broken out of a range. The stock shall remain bullish above 27 levels.

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Delta Air Lines, Inc. (NYSE:DAL) had a very nice day today, breaking out above the $12 level on heavy volume. As long as it can hold this level, it looks good !!

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I found also United Continental Holdings Inc (NYSE:UAL) on my scan list. A stock looking to trend upwards. It could be a nice addition to your portfolio $24 might act as good support for the stock. It broke out of a short consolidation today. Volume was strong on signaling that this move should hold. The technical chart above shows a continuation of the trend with MACD and RSI in the Bullish areas. The stock is in a strong bull market with both 50 day and 200 day moving average going up. Keep an eye on it.

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: DAL, LCC, TLAB, UAL, XEL, ZNGA

22:29 | Permalink |

Thursday's Stocks To Watch, May 31 2012

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Groupon Inc (NASDAQ:GRPN) - Daily chart shows a bearish pattern. Break and close below $10.90 will favor the Bears for short term. But daily MACD is showing some divergence in favor of bulls. For this to work, the stock price should hold the support line and start to move up.

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Zynga Inc (NASDAQ:ZNGA) - On the daily chart, the stock sold off today and made a new low for the current sell-off. ZNGA can continue going down, because there is no supports below. Unless the stock can recover above $6 again, the technical outlook for the stock will be bearish and we should reduce our exposure. Hard to say how far down it will go, since that depends on the strength of any selling.

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Morgan Stanley (NYSE:MS) MACD is showing positive divergence. If the stock price does not make new lows we may see an up move.

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Apple Inc.(NASDAQ:AAPL) closed at 579.17. The next resistance is at 580 and 588.35 respectively. The technical chart continue to show a bullish bias. The MACD line is pointing up. RSI is also increasing and is now above the 50% level. +DI is above –DI . Additionally, in the daily stock is forming a Possible Inverted H&S pattern. This pattern is a bullish one so a rally could happen. Let's see if the stock price will confirm it.

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DryShips Inc.(NASDAQ:DRYS) shares surged more than 3 percent accompanied by a strong volume expansion. The price can move up to 2.51-2.6 in the short-term. Good base building around 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: AAPL, DRYS, GRPN, MS, ZNGA

22:03 | Permalink |

6 Swing Trade Setups to Watch on Wednesday May 30th

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Shares of Skyworks Solutions Inc (NASDAQ:SWKS) edged higher on stronger than usual volume. The stock price closed above the 50-day moving average of $26.33. As long as prices remain above the moving average key indicator, traders will view this development as a sign of strength. In addition, today's stock price for SWKS ranged between $25.81 and $27. Based on the pivot points the current support and resistance levels for Skyworks Solutions are $26.33 and $29.01

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Bank of America Corp (NYSE:BAC) New bullish MACD cross has occurred on the daily chart. The stock has made higher lows on the daily chart showing signs of possible reversal trend. Stoploss should be placed just below 7, the immediate target is 7.95.

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FormFactor, Inc. (NASDAQ:FORM) climbs in after-hours after the company raised its second quarter revenue outlook, citing customer demand across the DRAM and Flash memory segments. The company said it now expects second quarter revenue to be $50 million to $54 million, compared to its prior guidance of $43 million to $47 million. Short-term levels to watch tomorrow $6.34 and then $6.75.

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Is tomorrow the day for Career Education Corp. (NASDAQ:CECO) ? Indicators are calling for a Powerful Breakout. The MACD just gave a crossover buy signal and the RSI is rising. This should be a good entry point to take a long position. I'll maintain long exposure so long as that stock stays above $6.22. CECO also has about 4,774,300 shares outstanding sold short, which will produce more buying pressure as shorts run to cover, if and when the stock can break and close above its 50 day located at $7,23. Keep the stock on your radar since it could make a solid move upwards.

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On the daily, the chart shows a bearish picture for Zynga Inc (NASDAQ:ZNGA) stock with MACD and KD showing weak signal as MACD is below 0 and %K line is dropping below %D line. Although the Stochastic is clearly oversold, we all know that an oversold indicator, especially the Stochastic within a bearish probability can be misleading. The stock has a strong support in the psychological level of $6, but any close below this level could start a new sell off.

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VirnetX Holding Corporation (NYSEAMEX:VHC) had a very nice day today (+10%) as it broke out from a nice bull flag formation with high volume. I want to see more follow through from this stock tomorrow.

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: BAC, CECO, FORM, SWKS, VHC, ZNGA

23:11 | Permalink |

Put these stocks on your watch list for Next Week

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Elan Corporation, plc (ADR) (NYSE:ELN) looks really strong here, broke and closed above 50 day MA. Strong volume today ! On the daily chart, we can see a few technical signals suggesting this swing higher in the short-term should continue a few more days. First, the MACD is displaying a new bullish crossover and a positive move. At the same time, we see that the daily stochastics are showing positive momentum from oversold levels, which should reinforce a move higher if near-term resistance at $14.58 is taken out. Finally, The RSI is starting to bounce back from oversold territory. Target is $15-15.25 with a tight stop under the 50 day MA.

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Bio stocks such as Complete Genomics, Inc. (NASDAQ:GNOM) were on fire today. I featured this stock on Thursday and today it gained close to 29% !! Volume was tremendous today and I see more upside here. Easy to manage with a stop at the 50 day MA.

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XenoPort, Inc. (NASDAQ:XNPT) looks great here flagging nicely on low volume, tried to break out today but failed. Volume patterns good, keep an eye on it the next few days.

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The entire Education sector was on fire today led by Career Education Corp. (NASDAQ:CECO). The stock closed above the psychological level of 7 and near the 50 day moving average. A close above this level would warrant liquidation of short positions. I believe that price may continue its rally next week.

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Zalicus Inc (NASDAQ:ZLCS) looks good here with plenty of room to run to the next resistance at $1.01

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eBay Inc (NASDAQ:EBAY) bounced nicely off the 50 day MA this week. The stock should test the recent highs and possible new highs in the weeks ahead.

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Zynga Inc (NASDAQ:ZNGA) - No signs of reversal yet. If you are long , stop should be the recent swing low. Short term investors are advised to avoid fresh long positions at this point. Only a close above $7.25 will start negating the bearish forces.

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: CECO, EBAY, ELN, GNOM, XNPT, ZLCS, ZNGA

22:30 | Permalink |

Friday's Stocks To Watch, May 25 2012

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US Airways Group, Inc. (NYSE:LCC) had a very nice day today, breaking out above the $11.50 level on heavy volume. As long as it can hold this level, it looks good !!

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Looking at the technical chart of Hyperdynamics Corporation (NYSE:HDY) I think the most important level to watch here is the 50 day MA now at $.99. As we can see, it previously failed at the 1.30 level back in April and it has once again rallied up to this MA. The MACD is moving up showing positive momentum while KD line also show buy signal as %K line is on top of %D line. The 50 day MA needs to be crossed to give rise to the next leg up. Stay tuned !!

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Foot Locker, Inc. (NYSE:FL) surged 2.4% to $32.31 per share breaking out an important resistance with decent volume. We should be able to see some decent upside movement for the bulls here. Technically, the stock 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.

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Complete Genomics, Inc. (NASDAQ:GNOM) Tested the 50 day MA but couldn't close above it. I like this one for a breakout soon. Keep an eye out for a $2.5-2.6 breakout on volume !

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Trina Solar Limited (ADR) (NYSE:TSL) On watchlist no trigger yet. Long above $6.05.

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: FL, GNOM, HDY, LCC, TSL

21:42 | Permalink |

Thursday's Stocks To Watch, May 24 2012

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From $2.4 to $11.47 in six days. I posted ROSG for my readers and twice for my twitter followers. Today the stock rose more than 51% hitting a high of $11.47. Congratulations to those locking in some profits on this stock. I sold for a gain of 28% in 3 days' time.

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Apple Inc. (NASDAQ:AAPL) is in a good short-term uptrend. The price has bounced off the low of $522 touched on Friday. If you have purchased at lower levels and are sitting on meaningful profits, hold with a stop at $550. The price can head towards the 590-591 zone. If this zone is surpassed, getting to $600 would be a possibility. From a technical standpoint the chart shows the stock is now back to new rally as %K line is back above %D line. With ROC still at low there is rooms for the stock to go up.

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Hewlett-Packard Company (NYSE:HPQ) is trading higher after hours, as the company released strong earnings. Right now, the technical chart is in a bearish mode and it's really hard to tell until when it would be. Key resistance is now located at 22.85, a break above this level will confirm a new bullish trend and the following uptrend will take price up to 24-25 zone.

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Career Education Corp. (NASDAQ:CECO) - Today's huge intra-day reversal suggests that we're literally seeing that the trend is changing.

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XenoPort, Inc.(NASDAQ:XNPT) made a strong run the last hour of the day, closing near the highs of the day at $5.87. The $5.95 level is a huge obstacle for this stock. If the stock can break through this level, buy the stock and watch it take off. In additon, there is plenty of accumulation on daily chart.

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Pharmacyclics, Inc. (NASDAQ:PCYC) has been on fire this week. Posted this setup on Monday and its been up over 10% since then. Looks to be getting a little overbought here. Lets see if it can keep running to end the week off.

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: AAPL, CECO, HPQ, PCYC, ROSG, XNPT

22:27 | Permalink |

Wednesday's Stocks To Watch, May 23 2012

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Akorn, Inc. (NASDAQ:AKRX) tried to breakout today again after yesterday's breakout but failed to close near the highs. The stock pulled back during the day, however still closed higher than the high of the previous session, which is bullish to me. Lets see how this trades tomorrow.

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Bought Pharmacyclics, Inc. (NASDAQ:PCYC) on Monday after a nice breakout. Today's action followed through nicely as this stock was up 4.5%. The technical chart show a continuation of the uptrend with MACD and RSI in the Bullish areas. However, both stochastic and the RSI indicator is reaching the top end which indicates that the stock may be reaching overbought condition soon. For the long term the stock should still continue to go up. Resistance: $32.94 Support : $27.42

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Rosetta Genomics Ltd. (USA) (NASDAQ:ROSG) continues to perform strongly and appears poised to test the 200-day moving average line at $8.26.

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Wal-Mart Stores, Inc. (NYSE:WMT) continued higher today up over 1% as there was good follow through from the breakout yesterday.

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Celgene Corporation (NASDAQ:CELG) bounced nicely off the 200 day MA. If it can clear the recent high of $71.75, I think it can get to the 50 day MA at $75

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FirstEnergy Corp. (NYSE:FE) was setting up nicely in this small consolidation pattern and I was expecting a breakout soon, however it seems as though it wants to continue consolidating. Looking at the technical chart the 20-day MA is moving up and hopefully this can provide some support in the next few days. I still like the stock here if it can hold that MA.

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: AKRX, CELG, FE, PCYC, ROSG, WMT

22:15 | Permalink |

Tuesday's Stocks To Watch, May 22 2012

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Apple Inc. (NASDAQ:AAPL) - The dip last week to $522 might have been an amazing opportunity for investors to snag a few shares of one of the best stocks out there. From a technical standpoint, the rally is back again as %K line has just crossed on top over %D line and stock is back above 10-day moving average, a positive signal. The short-term outlook would remain bullish as long as the price holds above the stop-loss level of $522. This technical chart still looks like this reversal has more legs to it and this rally could take the stock to $575 - $590 before months end.

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Groupon Inc (NASDAQ:GRPN) I would like to see this close over $13.71 before getting involved.

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When I alerted this stock to my twitter followers this morning, I felt InterDigital, Inc. (NASDAQ:IDCC) had a great chance of rallying. The stock closed with a gain of 5.24 per cent at 26.72 but still trading near 52 week lows and has fallen dramatically from its peak levels. At some point, I think it will post an impressive rally. Recent filings indicate institutions are anxious to take advantage of the low share price. John Paulson's Paulson & Co is now largest holder with 9.02% increased its stake 35% last quarter. I suggest you keep this stock on your radar this year.

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IDCC Insitutional Holdings ( from Nasdaq listings)

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Rosetta Genomics Ltd. (USA) (NASDAQ:ROSG) stock is up some 400% off its lows and showing no signs of stopping. Things to watch out for tomorrow is the $8.3 level acting as resistance and the gap formed between 5.85 and 6.2

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Pharmacyclics, Inc. (NASDAQ:PCYC) Broke out to new highs today on solid volume. I think we will see some nice follow through tomorrow.

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: AAPL, GRPN, IDCC, PCYC, ROSG

22:01 | Permalink |

Stocks watch list for next week

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Yamana Gold Inc. (NYSE:AUY) stock has been in a downtrend since its all-time high of $18.16, marked in March. Both short and medium-term trends are also down for the stock. Nevertheless, the stock is hovering just above its long-term support band between $12.31 and $12.7. Investors with short and medium-term perspectives can hold the stock with stop-loss at $12.31.

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From a short-term perspective, Barrick Gold Corporation (NYSE:ABX) stock is reversing higher, taking support at 36. It can encounter resistance at 39 and then in the 40.5 -41 range. Failure to move beyond the 39 level in the next sessions will be a cue for short-term investors to divest their holdings. Resumption of the downtrend can pull ABX down to its support, which is in the band between 35 and 35.6.

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James River Coal Company (NASDAQ:JRCC) stock has been in a downtrend, in all-time frames long, medium and short-terms. I don't see any initial signs of trend-reversal in this stock. Only a decisive daily close above 3.6 will mitigate the stock's short-term downtrend and push the stock higher to 4 and later on to 4.3

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Career Education Corp. (NASDAQ:CECO) stock has been on a short-term uptrend from its lows and the trend looks quite strong to me. Investors with a short/medium-term horizon can hold the stock with stop-loss at 6 and for the long-term with deeper stop at 5.88 levels. Significant jump above 7 can take the stock northwards to 7.4 or even to 7.85.

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Zynga Inc (NASDAQ:ZNGA) The trend is clearly downwards. The stock broke down its major support on Friday on increased volume. Not a pretty picture. Long positions must be avoided.

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Finally, lets take a look at Elan Corporation, plc (NYSE:ELN) and see if the stock is worth buying.

- The technical chart shows the stock is on a bull market as the stock is trading above both the 200-day moving average.
- The 50-day moving average still on top over 200-day moving average
- MACD Fast Line has just crossed over the slow line, which is a bullish sign.
- RSI shows the stock may be ready for a rebound

Nevertheless the short term trend is still weak as the stock has been trading below 50 day and 20 day MA, with 20 day MA now going downward showing bearish signal. Immediate resistance is at 13.39. A break above that area could trigger further upside recovery testing 13.84. Conversely, a plunge below 12.58 will drag the stock down to 12.10 or 11.90 range. Trend : Neutral-Bullish.

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: ABX, AUY, CECO, ELN, JRCC, ZNGA

22:37 | Permalink |

AC Investor Blog

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

Thursday, May 31, 2012

Trade Setups To Watch on Friday , June 01

Wednesday, May 30, 2012

Thursday's Stocks To Watch, May 31 2012

Tuesday, May 29, 2012

6 Swing Trade Setups to Watch on Wednesday May 30th

Friday, May 25, 2012

Put these stocks on your watch list for Next Week

Thursday, May 24, 2012

Friday's Stocks To Watch, May 25 2012

Wednesday, May 23, 2012

Thursday's Stocks To Watch, May 24 2012

Tuesday, May 22, 2012

Wednesday's Stocks To Watch, May 23 2012

Monday, May 21, 2012

Tuesday's Stocks To Watch, May 22 2012

Friday, May 18, 2012

Stocks watch list for next week

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