AC Investor Blog: 06/01/2012

Stock setups to watch next week

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The technical chart of FormFactor, Inc. (NASDAQ:FORM) is showing a bullish cup and handle chart pattern in the final stages, which indicates the stock could be in for a big rally. FORM just needs to clear the handle base. Additionally, the moving averages are supporting bullish trend with the 20 and 50 both over the 200-day moving average and sloping higher. ADX is also suggesting a steady upward movement and the accumul/distrib indicator still shows that somebody is buying up the stock. I'm still holding my longs and will add more shares on a move above $6.55, with the expectation of a continued rise to $7-7.5

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Shares of Apple Inc. (NASDAQ:AAPL) closed up 2.63 per cent at 584 with increasing volumes. Long positions can be considered with a stop loss of 565 on daily closing basis. Initial targets are 590 and 597.

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Shares of Pharmacyclics, Inc. (NASDAQ:PCYC) closed the day gaining more than 4% to a new historic mark for stock at $54.61, near the highs of the day at $55.43. The stock has been one of the most amazing runs of the past four weeks. I'll be watching the stock next week, looking for a follow through move. As long as the stock stay above $43.31, the short-term bullish scenario still intact.

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Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) - After setting a fresh yearly high at 13.50 on Wednesday the stock started showing bearish divergences and a few sell signals start to develop. However we are still above key support 8.62. On the upper side, the move is likely to accelerate above $12. Short-term investors can hold the stock as long as it trades above $8.62

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Altria Group, Inc. (NYSE:MO) broke out from a rectangle pattern accompanied with decent volume. We should be able to see some decent upside movement for the bulls here.

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Raytheon Company (NYSE:RTN) - Broke out today on good volume. No resistances above.

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, ARNA, FORM, MO, PCYC, RTN

22:35 | Permalink |

These are the stocks that I will be watching on Friday

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There is a possibility of a break out in Elan Corporation, plc (NYSE:ELN) shares for the following reasons

- The stock has been trading within a steady short term uptrend
- The volumes on this stock are up as seen in the accumulation distribution chart
- The MACD is rising and still in the positive zone
- The RSI is still not showing the stock as expensive
- The stock is comfortably above the 200 and 50 day moving average.
- The volume chart from OBV has been on an upside.

At this point and given the current stock levels, it is important for it to break 14.80 level soon. On the other hand, a close below the 50-day MA at 13.61 would turn the near-term bias bearish for a test of previous support at 13.

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Amazon.com, Inc. (NASDAQ:AMZN) fell 1.91 percent, or $4.31, today to close at 221.31. The overall outlook for the stock continues to remain bullish IMO. Only a close below the 50-day MA will color the bars RED again and a possible change of the trend as well, otherwise we are heading for the strong resistance zone 230-234.

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Career Education Corp. (NASDAQ:CECO) looks poised to break its 50-day MA tomorrow and this is a major sign that we could see the stock make a run over the next week much higher. From the technical daily chart above the MACD and KD both signal positive strength. Stay tuned !!

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InterDigital, Inc.(NASDAQ:IDCC) also look great, it just broke a bull flag to the upside. $30.28 is an important resistance, that once broken, will set off a huge run up in stock, the 1st target would be $35 which is the high of April.

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, CECO, ELN, IDCC

22:37 | Permalink |

4 Breakout Stocks To Watch Thursday

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VIVUS, Inc. (NASDAQ:VVUS) broke out to a new all-time high today, accompanied by a strong volume suggesting higher levels.The stock price has been in a nice uptrend for the last two months and it looks very strong with both 50 day and 200 day moving average going up while MACD is above 0 showing positive momentum. Additionally, OBV is increasing indicating accumulation of shares in the market. As long as the stock holds above the $24.36 support level the intermediate-term picture should remain positive. Fresh exposures may be considered on a move past $29.42, with a stop-loss at $24.36.

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Nice breakout on Standard Pacific Corp. (NYSE:SPF) with decent volume, positive MACD. Fresh exposures may be considered on price weakness, with a stop-loss at $5.11. A close above $5.83 may be used to enhance exposures.

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Pharmacyclics, Inc. (NASDAQ:PCYC) Continues to breakout and now Up 80% this month. Might pause but looking to add on any dip. PCYC is too extended to chase. Keep stop losses tight, as risk is significant to both sides here.

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The Walt Disney Company (NYSE:DIS) hit a new 52-week high today, trading as high as $48.08, before settling at a close of $47.87. I'll be watching the stock on Thursday, looking for a follow through move. Resistance reflects today’s high of $48.08. Keep an eye on DIS because there is good upside in this stock.

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: DIS, PCYC, SPF, VVUS

23:35 | Permalink |

Trade Setups for Wednesday 27th June 2012

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Sprint Nextel Corporation (NYSE:S) Pulled back to breakout area. It could find support here and resume the uptrend. Only a close below $3 would change the short-term outlook to bearish for the stock. The daily chart also shows a golden cross where the 50 day moving average breaks above the 200-day average.

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FormFactor, Inc. (NASDAQ:FORM) - Nice cup and handle formation on the chart, which suggests a further move upwards. Just need to break 6.63 and we could see a really nice move IMO . We can keep a stop loss at 5.76 on a closing basis.

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InterDigital, Inc. (NASDAQ:IDCC) - For what it's worth, the stock cleared this bull flag consolidation pattern on increased volumes. The bounce from the 50-day MA makes it more authentic. The MACD is in buy signal and the RSI is moving up showing renewed strength. Ready for higher prices.

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Groupon Inc (NASDAQ:GRPN) - The 50-day moving average needs to be broken as resistance for some momentum to pick up.

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Grand Canyon Education Inc (NASDAQ:LOPE) is looking pretty good breaking out of a bull flag pattern.

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: FORM, GRPN, IDCC, LOPE, S

21:55 | Permalink |

Trade Setups for Tuesday 26th June 2012

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Another trading day another 52 week high for Pharmacyclics, Inc. (NASDAQ:PCYC). The stock closed up over 7% today and 20% in the past seven sessions on monster volume. That means there is some serious support and interest in this stock. PCYC is trading back over all 3 major moving averages. I like the stock as long as it can continue to close at or over the 10-day moving average, however I'd like to point out that the technical indicators are extremely overbought, with RSI at 91.32 and stochastic at 95.33, so be careful in short term. My first alert was at $30 if you remember correctly. Check : 6 Trade Setups To Watch next week

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Zynga Inc (NASDAQ:ZNGA) Still watching it, especially after todays action. As I mentioned in yesterday's post, the stock is forming a possible Inverted Head and Shoulders Pattern, let's see if the stock price will confirm it. The pattern is not in play until the neckline is broken.

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InterDigital, Inc. (NASDAQ:IDCC) - Technical chart above is showing a possible bull flag in its first step off of a bottom at 22.37. It looks very good in shape, so I'll be looking forward to seeing a breakout.

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Amazon.com, Inc. (NASDAQ:AMZN) continued the recent downtrend on Monday. I remain on the sideline until the stock closes back over $225.

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Las Vegas Sands Corp. (NYSE:LVS) continues to trade below all 3 moving averages which is technically bearish. The stock is still vulnerable to more downside action. Only a close above 45.22 would relieve downward pressure. When the stock closes back over this level, I'll buy the stock for a trade.

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, IDCC, LVS, PCYC, ZNGA

22:45 | Permalink |

Swing Trade Setups To Watch Next Week

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Shares of Zynga Inc (NASDAQ:ZNGA) closed on Friday with a gain of 4.81 per cent at 5.99 on decent volume. The technical chart is now showing a possible inverted head and shoulders pattern formation, which means that a break to the upside is highly probable. If this bullish pattern completes and plays out target is about 7.50. The neckline is located at 6.18-6.2 and it needs to get broken in order to confirm the pattern. Inverted Head and Shoulders patterns play out about 80 percent of the time but there is a 20 percent rate of failure.

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Watch Toll Brothers Inc (NYSE:TOL) very closely next week as it is sitting on its 50 day MA. Additionally, there is a bullish MACD crossover and the RSI is up trending and gaining momentum. Existing investors can remain invested with a stop loss at $25 .Only a close below this level would negate the positive outlook.

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Shares of FormFactor, Inc.(NASDAQ:FORM) have been doing well this year, rising from 52 week low of 4.68 in December to 6.50, a 40% plus gain in six months. Let's take a look at the technical chart above and see if the stock is worth buying. The chart shows the stock is on a bull market, as the stock is trading above both 50-day and 200-day moving average and 50-day MA is on top of 200 day MA heading upwards. Additionally, MACD is rising above 0 also indicating a buy and accumulation/distribution indicator still show the stock is on the positive swing.

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Delta Air Lines, Inc. (NYSE:DAL) The MACD-histogram has been sloping up and the daily slow stochastics and RSI are both rising, indicating bullishness. Watching over $11.58 for a trade.

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, FORM, TOL, ZNGA

17:45 | Permalink |

Trade setups to keep on your trading watch list

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Back on May 8th, I made Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) my stock pick. Here is the link to my post " ARNA has a lot of upside potential, so watch the stock closely " and here is a chart of ARNA after I made it my stock pick. This stock is up some 450% over the last two months, and it could go higher yet if sentiment holds. ARNA is overextended to the upside and signficantly overbought, so we cannot rule out a pull back, but at the same time it can remain overbought until it wants to come down. It closed today at $11.68.

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Sodastream International Ltd (NASDAQ:SODA) - Old alert, 38.80 break out.

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XenoPort, Inc. (NASDAQ:XNPT) - Old alert. Strong bounce on 2x the daily volume avg. Key resistance is now located at $6, a break above this level will confirm a new bullish trend and the following uptrend will take price up to $6.35 zone. The RSI is moving higher, which is a sign of growing strength in the stock.

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Old alert. US Airways Group, Inc. (NYSE:LCC) recorded a new high in today's session. Short-term outlook for the stock is bullish. Buy LCC in dips with a stop-loss at $11.73. The technical daily chart looks Bullish with both 20, 50 and 200 daily moving averages going up and MACD on top of "0" RSI in a Bullish area too.

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Pharmacyclics, Inc. (NASDAQ:PCYC) I alerted to my subscribers and twitter folowers at $30-32, today it closed at $47. It just keeps moving higher on nice steady volume.

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Zynga Inc (NASDAQ:ZNGA) - After posting an awesome run the stock lost some steam today and looks poised for a pullback in the near term. It has good support at $5.51. If it falls below this level on a close basis, then it can possibly go down to $5. Only a close below $5.51 would negate the short term bullish outlook. The main thing to look up in the chart is the poor volume in this drop compared to the strong one in the up trend. Low volume means the shorts have not capitulated. 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: ARNA, LCC, PCYC, SODA, XNPT, ZNGA

23:15 | Permalink |

Stock Trade Ideas for Thursday June 21

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Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) remains one of the hottest stocks on Wall Street right now making all time highs almost every day. The stock is trading back over all three major moving averages. I like the stock as long as it can continue to close at or over $8. Pullbacks to the 10-day moving average should be a great buying opportunity for a trade. However, I would like to point out that the technical indicators are extremely overbought here, with RSI at 89 and stochastic at 93.

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Zynga Inc (NASDAQ:ZNGA) continues to close below the 20 and 50 day moving averages which is bearish for the short term. Support at $5.51 must hold or I think the stock could fall below $5 again. I plan to buy a long position when the stock closes back above the 20-day moving average on heavy volume. This would be a sign of strength in the stock.

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Camelot Information Systems Inc (NYSE:CIS) - Nice runner from the buy list yesterday. The stock closed right above the 50-day moving average located at $2.54. With the 10-day moving average ( $2.25 ) trending higher right behind the 50 -day the stock should have nice support right here. Strong candle may stop at 2.84, hold.

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Sounds like SkyWest, Inc. (NASDAQ:SKYW) is gaining some momentum again. The stock has made a strong bounce off of the lows that were posted earlier this month with high volume and continues to trade over the 10-day moving average, which is a positive sign. The technical daily chart shows that MACD is rising in negative territory, while the RSI is also gaining strength. Next resistance is located at $7.15 while there is some nice support around $6.5. If a proper breakout happens at 7.15 we can see a target of 7.57

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A move past $6.75 would be a strong indicator of a further uptrend in FormFactor, Inc. (NASDAQ:FORM). Once the stock breaks through resistance, we should see strong volume as the stock will breakout and move higher. The money seems to be flowing into the stock as indicated by the On Balance Volume.Keep watching the stock.

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: ARNA, CIS, FORM, SKYW, ZNGA

22:43 | Permalink |

Stock Trade Ideas for Wednesday June 20

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Momentum picking up with stochastics climbing and RSI rising. The short-term outlook for Zynga Inc (NASDAQ:ZNGA) appears positive. The current rally should at least push the stock to 6.36 per share where the major resistance is. The stock needs to close above this level to indicate a continuation of the rally off this month’s low. If this rally fails, there’s downside risk to support around 5.51.

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Camelot Information Systems Inc (NYSE:CIS) - Positioned to see another upwards run. In the past few days we have noticed that CIS has been on a consistent bullish uptick in market valuation. Moreover, along with the market valuation the technical indicators RSI, MFI and MACD have been bullish, rising for the past several days. Additionally, the stock past a key resistance level of 2.35. So, keep watching CIS trade and watch for potential continuation of its recent upward move. Look for a quick run to $2.56 then $2.85. Note : On May 23, 2012, Barclays reiterated an Overweight rating for the company and a $6 price target.

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Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) The stock today made a new high on heavy volume, but closed near the low of the day this behavior is a little strange and not a good signal. Additionally, made a doji it will trade sideways or test $9 as support.

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XenoPort, Inc. (NASDAQ:XNPT) - It’s trading sideways, but I believe that it will make a spike soon. Golden cross on daily chart supports higher prices ahead.

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Sirius XM Radio Inc (NASDAQ:SIRI) is now trading close to the resistance level at the 1.96-2 range. A close above this range would impart strength and the stock could move easily to 2.12-2.15 subsequently. The near-term outlook for the stock does not appear negative. Only a close below 1.78 would have negative implications. Hold on with a stop loss at this level.

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: ARNA, CIS, SIRI, XNPT, ZNGA

22:23 | Permalink |

Stock Trade Ideas for Tuesday June 19

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Interdigital Communications saw its shares surged 27% to $29.08 per share today after the company announced it sold 1.700 patents to Intel coveting a variety of wireless technologies, including some pertaining to the 4G networking standard for $375 million. InterDigital sees Intel deal generating $250M in cash, says deal represents about 8% of Portfolio and does not see sale affecting ongoing licensing plans. In addition, the company said it would boost its share-repurchase program to $200 million from $100 million. The technical chart is showing weakness as both 50 dma and 200 dma are still going downward, however with KD line crossing upward and stock now breaking over 50 dma there is a chance that a rally may come very soon. Here are the next levels to watch. Resistance: 30.28. A break above this suggests a move to 32.50 Support: 27.48

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Zalicus Inc (NASDAQ:ZLCS) breakout on huge volume! The stock continues to show strength as the rise in volume confirms the price uptick. Going forward the next levels to watch above are seen at 1.54, 1.7 and 1.80.

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Elan Corporation, plc (NYSE:ELN) has just started moving higher and established a short term up-trend above its 50-day MA. Momentum indicators are slightly bullish with RSI inching away above 50% level. The strongest sign of a bullish momentum is the MACD indicator which is currently above the 0 line. In addition, KD line still show the stock is on the positive swing. The stock hit a high of $13.89, which is resistance for Tuesday’s move. If the stock can break through resistance, we should see a strong follow through move. If you are long, initial stoploss should be placed at 13.53.

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Tellabs, Inc. (NASDAQ:TLAB) - Strong bounce today on 2x the daily avg. volume. The stock opened today`s session at $3.29 and intra-day was ranging at 3.29-3.50 ending the session with nice gain of 6.38% on expanding volume. This could be the start of a nice rebound. Stay tuned and I'll be sure to keep you updated.

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When, I first alerted everyone on twitter about Rosetta Genomics Ltd.(NASDAQ:ROSG) I fully expected a good run and an increase in stock price but what we got was much more than I could have even hoped for. The stock closed the day gaining more than 50%. Shares have been on a down trend since it reached 52 weeks high of $23.43 last month. The technical chart shows some bullish signals as KD is now going up and the stock is still above its major moving averages. We could see a continuation into tomorrow. But, I urge you not to buy a significant portion of your trading capital, because this is a volatile stock, so be careful with the position size.

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Apple Inc. (NASDAQ:AAPL) Finally closed above the 50-day MA. Next resistance lies at 588.

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, ELN, IDCC, ROSG, TLAB, ZLCS

22:31 | Permalink |

AC Investor Blog

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

Friday, June 29, 2012

Stock setups to watch next week

Thursday, June 28, 2012

These are the stocks that I will be watching on Friday

Wednesday, June 27, 2012

4 Breakout Stocks To Watch Thursday

Tuesday, June 26, 2012

Trade Setups for Wednesday 27th June 2012

Monday, June 25, 2012

Trade Setups for Tuesday 26th June 2012

Sunday, June 24, 2012

Swing Trade Setups To Watch Next Week

Thursday, June 21, 2012

Trade setups to keep on your trading watch list

Wednesday, June 20, 2012

Stock Trade Ideas for Thursday June 21

Tuesday, June 19, 2012

Stock Trade Ideas for Wednesday June 20

Monday, June 18, 2012

Stock Trade Ideas for Tuesday June 19

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