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Monday, June 18, 2012 

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.


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About Me

  • 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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