Stocks Picks for Friday, May 18

( click to enlarge )

Delta Air Lines, Inc. (NYSE:DAL) had a nice uptrend in play for weeks but broke the uptrend line today and its 20-day sma. Lets see if more selling is in store for DAL over the coming days. Hard to tell.

( click to enlarge )

salesforce.com, inc. (NYSE:CRM) is trading higher after hours, as the company released strong earnings and guidance. Right now, the technical chart is in a short-term bearish mode. Key resistance is now located at 145, a break above this level will confirm the new bullish trend and the following uptrend will take price up to 152 zone.

( click to enlarge )

Career Education Corp. (NASDAQ:CECO) - It looks like there is just limited downside risk in the stock at current levels. On the upside, a move to the $7-$7.40 range appears likely. A close above $6.7 will have positive implications while a drop below $6.22 would negate the positive outlook. Technically the chart shows the stock is back to new rally as %K line is on top of %D line. Hold the stock with a stop loss at $6

( click to enlarge )

XenoPort, Inc. (NASDAQ:XNPT) pulled back as most of the market traded lower. The stock did close negative on the day, but I still think there is another upside move coming soon. PDUFA coming June. Shares Short 2,308,500 / 13 Days to cover / 87.70% Owned by Institutions / 3.27% % Owned by Insiders. This is a short squeeze candidate. The daily chart shows strong accumulation. Still holding my position bought last week at $4.72. Keep watching the stock over the next few trading days.

( click to enlarge )

In the short term, Rentech, Inc. (NYSEAMEX:RTK) is in a short-term bearish configuration. The technical indicator MACD is negative and below its signal line. As long as 1.90 is not broken up, I favour a down move with 1.66 and then 1.53 as next targets. Only the upside breakout of 2 will invalidate my bearish scenario. In this case, a recovery should shape towards 2.2 at first, and then 2.40. Right now, the trend is bearish.

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, CRM, DAL, RTK, XNPT