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Tuesday, June 12, 2012 

Stock Trade Ideas for Wednesday, June 13th

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Questcor Pharmaceuticals, Inc. (NASDAQ:QCOR) Broke out today on good volume. No resistances above.  If you are on board, there is nothing more to do but enjoy the ride. 

A quick look at the technical chart :

1) QCOR is currently moving up with heavy volume
2) MACD lines are going up
3) RSI still above the neutral 50 level at 74, buyers strength still persists.
4) Money Flow Index still climbing.
5) The +DI crossed up through the -DI this month, Bullish
6) OBV still climbing.
7) The accumulation/distribution indicator shows the stock is under accumulation

So, keep QCOR on your radar!

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Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) continues to perform strongly and appears poised to test the $8 level. I took profits today, sold my shares at 7.60 with a 12% gain, will get back in later. These gains are really significant and represent substantial profit for not only me but also for my twitter followers and subscribers who took advantage of my alert early.

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JPMorgan Chase & Co. (NYSE:JPM) made a strong upside reversal today. The technical chart is displaying a screaming buy divergence on the upside. Expect an initial run up to $34.5 with a break higher moving to the 36 zone.

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I'm looking to see Trina Solar Limited (NYSE:TSL) stock re-test its May highs shortly. The MACD is increasing and the stock price has regained its position above the 50-day MA. The nearest trend is in favour of Bulls and TSL has room to go higher. If the stock can break through $7, we should see strong volume drive the stock higher. Also watch out for other resistance levels at $7.79 which is the 200-day moving average.

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FormFactor, Inc. (NASDAQ:FORM) Uptrend line intact and holding. Keep on watch list poised to clear back above 50-day and 200-day moving averages. Over 5.77, next stop 5.83 then the run to $6.20.

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It looks like Feihe International (NYSE:ADY) stock is starting to turn back up and indicators are giving the first bullish signs. The daily MACD is near to giving a new buy signal and the Histogram is near to zero line. The stock needs to take out resistance at the 5 area and its 50-day MA to continue higher. Keeping it on the list.

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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