AC Investor Blog: 09/01/2012

6 Bullish charts to watch next week

Thanks everyone who has been following me on twitter and Stocktwits. It's great to see that the number of followers are increasing day by day, which hopefully means that some people enjoy my daily stock tips. A close look at the Twitter statistics tells the story. At the start of the year i had 800 followers, the twitter button in the side-bar shows now nearly 2400, this represents an increase of 200% since then. On stocktwits the scenario is exactly the same, i'm on the verge of surpassing the 1200 mark. I just want to say, thank you and please tell your friends to come visit and follow me.

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InterDigital, Inc. (NASDAQ:IDCC) - On Friday the stock surged nearly 1% to $37.27 per share while technical indicators still show the stock will continue to go up. The MACD shows again buy signal as MACD back above signal line and suggests that a short term bottom is already in place. Stochastic is also showing buy signal with %K line above %D line. SMAs are moving up. RSI is moving up & above its 50% level. The accumul/distrib line shows a significant uptrend which means the stock has been under heavy accumulation for three days now. To those who took the chance at $33 on my blog posts and tweets, congratulations !!! I still believe based on daily and weekly momentum that the potential is there for further gains.

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Rambus Inc.(NASDAQ:RMBS) just turned bullish on daily charts.. The stock is currently trading just below its 200-day SMA and likely to cross it soon. Technical indicators are supporting the bulls. The MACD is rising and above the signal line. RSI is moving up & above its 50 level. RMBS could be making another move to $6 and we could see a break there. Keep this stock on watch.

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The stock has been consolidating nicely since it rose from $10 to a high of almost $16.50. Sarepta Therapeutics Inc (NASDAQ:SRPT) could be ready for another rally after yesterday's big move. It will be interesting to see if next week the stock can continue its upward momentum. The next resistance level to watch is at 16.25. Above this level could test 16.44 next.

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Bank of America Corp (NYSE:BAC) has been pulling back after a sharp rally early this month on heavy volume and I think that it will resume its climb. The technical chart still shows bullish sign as the stock is trading above 50-day moving average and the 50-day MA is on top over 200-day moving average with MACD above zero. A good entry point will be around 8.3/8.35 to be safer or on a break of the flag.

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Sprint Nextel Corporation (NYSE:S) looks poised for a break to the upside. It has been holding a tight range. Long over 5.76 for a target of 6.12 with stop loss of 5.26.

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Facebook Inc (NASDAQ:FB) looks very strong on charts. The stock yesterday closed above its 50 day SMA of 21.3 with very high volume. RSI is moving up and above its 50 level. The daily MACD continues to trade in the positive zone. The CMF is also turning up which means there is more money flowing into the stock.The stock should make a move higher to test the recent highs.

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, FB, IDCC, RMBS, S, SRPT

09:52 | Permalink |

Friday September 28th watchlist

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InterDigital, Inc. (NASDAQ:IDCC) - This stock broke out in a big way today on great volume. I think we'll see some nice follow through tomorrow. This was a $50 stock less than 12 months ago. Could it happen again ? We'll soon find out. With almost 15% of the float short, this stock is due for a big move higher. They need to buy back stock to profit from their bets which only adds fuel to the "FIRE". The next resistance area is around the mid $40 range. Stoch & RSI have room to upside.

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Research In Motion Limited (NASDAQ:RIMM) closed up on Thursday and should continue higher on Friday. The company reported earnings after the close and the market loved what they saw. The stock is trading up after-hours and I expect it to gap open on Friday. I'm using the July highs of $8.35 as resistance.

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Express Scripts Holding Company (NASDAQ:ESRX) hit another 52-week high and looks to be giving another entry.

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NPS Pharmaceuticals, Inc. (NASDAQ:NPSP) cleared resistance before pulling back a little. This sector has been hot lately. On watch.

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: ESRX, IDCC, NPSP, RIMM

22:23 | Permalink |

Thursday September 27th watchlist

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We're on the verge of a possible breakout in the shares of InterDigital, Inc.(NASDAQ:IDCC). The stock finished the day up 7.12% on huge volume of over 1.7 million of shares exchanging hands on the day, after the S&P Dow Jones Indices said that the company will replace Quest Software in the S&P MidCap 400. I'm watching IDCC again as the stock looks to be setting up for a big upside move. The technical chart shows possible new rally as %K line is back above %D line developing new uptrend and with stock back above 20-day moving average we should see more upside coming. It will also set up a possible golden cross. The key resistance level to watch tomorrow is at $36.11. Watching for possible breakout there.

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Boingo Wireless Inc (NASDAQ:WIFI) The chart above shows the stock is in a rally as %K line is rising on top of %D line as the price is back above 50-day moving average. The RSI is also rising along with the rise in volumes indicates buying interest in the stock. The immediate resistance appears at $8.5 and support at $7.6. The short-term trend seems to be positive.

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NII Holdings, Inc. (NASDAQ:NIHD) waiting for a break above the 8.4 level for a long position.

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Cosan Limited(USA) (NYSE:CZZ) had a nice breakout today with a pop of 67 cents to 15.74 or 4.45% on 3.6 million shares, the biggest volume in a couple months. Resistance was taken out with a thrust and could lead to more upside.

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: CZZ, IDCC, NIHD, WIFI

22:34 | Permalink |

Wednesday September 26th watchlist

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W.W. Grainger, Inc. (NYSE:GWW) is still trading sideways in the short-term, between 200 and 211. Its technical indicators are showing positive signal and its price bars are trading above the major SMA's, denoting the current positive tone that may turn into a new uptrend soon.

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ON Semiconductor Corp. (NASDAQ:ONNN) is looking bearish in the short term and has a major support at 6 that needs to hold.

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Tesla Motors Inc (NASDAQ:TSLA) has a strong support at $27.10. If the stock breaches this level on a close basis, then it might decline to $25.5. Almost all of the short-term indicators have turned bearish.

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AuRico Gold Inc (USA) (NYSE:AUQ) is still looking pretty good. After a seven-day sprint higher it is not a surprise to see a couple of days of rest. If you are looking for an entry point in AUQ I would wait and watch for a dip or a bounce near 6.58 or the 6.4 level. I'm adjusting my stop loss to 6.2 and my target is the 7.50-8 range.

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Shares of Biosante Pharmaceuticals Inc (NASDAQ:BPAX) rallied higher this morning. The stock hit 2.10 before paring its gains. I remain bullish on BPAX and would watch for a dip and bounce near 1.83 or a breakout over 2.1 as a potential entry point for new long positions.

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: AUQ, BPAX, GWW, ONNN, TSLA

22:58 | Permalink |

Tuesday September 25th watchlist

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RMBS what a rally today. The stock was up 23% on the session and closed a few cents below its 200 day moving average on heavy volume. The company announced Sunday that the judge for the Northern District of California has issued his decision in the matter with Hynix. The Honorable Ronald M. Whyte has found that the Rambus patents in this case are valid and infringed by Hynix. A lot of eyes are on this stock right now so make sure this is on your radar screens. Today's news could help bolster investor sentiment in the coming weeks. Rambus (NASDAQ: RMBS) was a stock I posted last week as a potential breakout candidate. From a technical analysis point, we finally got the breakout. Shares rallied past resistance at $5.2 and hit my trigger to open positions. Watch now the $6.18 as potential resistance. The daily momentum indicator has reached overbought levels and I believe that a near-term correction is likely to happen. The positive view would be negated if the share price closes below $5.2. Fresh exposures may be considered on price weakness. A close above $6.18 may be used to enhance exposures.

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Nice tweeted under 6.40. Rosetta Genomics Ltd. (NASDAQ:ROSG) closed strong above the 50-day MA for the first time since July. This momentum could push this stock much higher from here. Next resistance is now seen at $6.87 then 8.

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InterDigital, Inc.(NASDAQ:IDCC) corrected from its recent high, but received support from its 200-day MA. This stock can pop big time on any positive news ( short squeeze candidate ).

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Tenet Healthcare Corporation (NYSE:THC) Strong on weak tape. Nice breakout with decent volume. To add on any dip.

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New York Community Bancorp, Inc. (NYSE:NYB) About to break out up into new highs once again. I need to see further upside confirmation before adding to current position. Watching for a close above $14.13

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: IDCC, NYB, RMBS, ROSG, THC

22:29 | Permalink |

Stocks to watch out for next week

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Microsoft Corporation (NASDAQ:MSFT) breaks above 31.5 resistance but failed to close above it. However, further rise is still possible and the next target would be at 32-32.27 area. Initial support is at 30.86, as long as this level holds we'd expect the uptrend to continue.

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KB Home (NYSE:KBH) had a huge breakout day on heavy volume. Next resistance is seen at 15.51 which is the highs of 2011. If you are a disciplined trader, wait a pull back to enter.

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Groupon Inc (NASDAQ:GRPN) closed at 5.28, up 13 cents for the day reconfirming the new uptrend after the recent break above the major resistance on expanding volume. The technical indicators are looking better for the stock. The technical chart shows a bullish sign as the stock is back on top of 20-day moving average with MACD rising and approaching the zero line from below. For now, expect a run up to next resistance area around $5.74. If the stock is able to cross it and sustain above it, then it might go to $6.34.

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The stock surged in the final hour of trading and closed back over 3.2. The real fireworks should begin if ZNGA can close above $3.33. As long as the stock can remain above $2.89, I like the stock. The accumulation/distribution line is starting to curl upward (accumulation) which should eventually lead to price increases. That bodes well for a breakout ;)

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Keep an eye on Career Education Corp. (NASDAQ:CECO) and monitor its volume, RSI and Accum/Dist for any potential breakouts. If the stock can manage a breakout above the 50-day moving average located at $3.98 on high volume, it would be a great buying opportunity but only on a breakout. The MFl is showing that there is more money flowing into a security that out of the security. You want to watch the stock closely as CECO can move quickly and you want to be ready for this move once it happens.

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The price movement on Cell Therapeutics Inc (NASDAQ:CTIC) this week was marked by a high degree of volatility as chart shows. The near-term outlook would depend on the price movement in the next few sessions. A close above 3 would impart bullishness and would help the stock move to the 3.6-3.94 area. A drop below 2.48 would have negative implications that would push the stock down to the 2.2-2 range. The trend for CTIC is down in short-term and today’s action doesn’t change that. A move above resistance 3 could signal a reversal of the trend while a move below support confirms the downtrend.

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Homeowners Choice, Inc. (NASDAQ:HCII) A nice looking bullish pattern on the daily chart. About to break out up into new highs once again. Long over 23.89

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, CTIC, GRPN, HCII, KBH, MSFT, ZNGA

22:36 | Permalink |

Watchlist for Friday, September 21

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Swift Transportation Co (NYSE:SWFT) has posted an impressive two day rally from sub $8 to a close of $8.76 today. The stock continues to garner investor interest. I hold my $9 short term target for this stock. A breach of that level will open up more gains.

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Colgate-Palmolive Company (NYSE:CL) looks ready to break a recent high of $109.84. Keep it on your watch list going forward.

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NII Holdings, Inc. (NASDAQ:NIHD) broke out of its down trend with an impressive gain of +17%. This could be the start of a new trend higher.

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Zynga Inc (NASDAQ:ZNGA) is quietly gaining momentum. The 50-day moving average is not that far away and would represent a point of serious resistance. If the stock breaks this key level momentum traders are likely to send the stock up to $4. Additionally, the MACD is approaching the zero line which is also quite bullish.

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A great chart since the beginning of September. BPZ Resources, Inc. (NYSE:BPZ) was on my bottom scan at $2.46 and hit a high of $3.21 today. A good example of why bottom plays can be lucrative if you buy in at the right time. At this point, the current move should face strong resistance at 3.25.

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: BPZ, CL, NIHD, SWFT, ZNGA

22:44 | Permalink |

Watchlist for Thursday, September 20

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Sprint Nextel Corporation (NYSE:S) Cup & handle breakout on high volume. The MACD had just cut above its signal line. Fresh buying may be considered on a move past $5.71, with a stop-loss at $5.01

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KeyCorp (NYSE:KEY) That's a good looking chart for a Thursday. It's a buy on a break of 9.10 with solid volume.

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Viacom, Inc.(NASDAQ:VIAB) broke out to a new all-time high today, accompanied by a strong volume suggesting higher levels. VIAB has been in a nice uptrend for the last two months and it looks very strong with both 50 day and 200 day moving averages going up. I feel there will be a continuation move tomorrow and I'm buyer once it breaks through Wednesday’s high of $54.49.

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InterDigital, Inc.(NASDAQ:IDCC) has found a strong support around the 20-day SMA, so a breakout above 36.11 could initiate a sharp rally, back to 40. The increase in OBV suggests buyers are accumulating stock. IDCC remains one of my favorite stocks.

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Amazon.com, Inc. (NASDAQ:AMZN) A breakout above $264.11 would constitute a technical entry for the short term trader looking for a quick trade.

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Dendreon Corporation (NASDAQ:DNDN) Good day today on nice volume. The stock closed at $5.42 back once again above its 50-day moving average, which closed at $5.21. Lots of room to the upside if it can follow through on today’s move. I love the risk/reward so long as it holds above the 20-day moving average.

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, DNDN, IDCC, KEY, S, VIAB

22:19 | Permalink |

Long set-ups for Wednesday

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FormFactor, Inc. (NASDAQ:FORM) rebounded from the support line located at $5.58 and closed slightly below the highs of the day, closing at 5.82, a gain of 23 cents or 4%. I will be watching the stock to breakout the resistance level at $6.3, which will tell us that the downtrend should be over. The technical indicators are showing signs of bullishness.

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Career Education Corp. (NASDAQ:CECO) finally closed over the 50SMA after rebounded from the immediate support level located at $3.8. On the upside there is resistance located between 4.50-4.61. If stock price can close back over these resistances level i think we could see a retest at 5-5.28

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Apollo Group Inc (NASDAQ:APOL) 50-day SMA held, 13-day SMA crossing 50-day SMA. MACD and RSI continue upward trend. I will go long on break above 30.41

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Molycorp, Inc. (NYSE:MCP) showed some nice strength today, despite the market was down. At this level, we should see the stock might retest the resistance located at $13.99 followed by $14.13. The support level is adjusted to $12.54. Today, I added a small position and i'm still holding some for long term investment.

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Very important day for Arena Pharmaceuticals (NASDAQ:ARNA) tomorrow, it will be interesting to see if the stock can break 9.44 . Squeeze seems eminent.

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Gilead Sciences, Inc. (NASDAQ:GILD) hit a new 52-week high today trading as high as $67.55, before settling at a close of $66.77. The 52-week range for GILD is 34.45-67.55. Although sentiment remains bullish on the stock, extremely overbought conditions could see a corrective decline in the coming sessions. Immediate support is at 62.32-62 levels now. Looking at the technical chart above the stock is trading above all of three major moving averages. Plus, the MACD is positive and rising. Nevertheless, there is a need for some profit-taking for some consolidation from these high levels. For those who did not have a chance to buy the stock, any pull back is your buying opportunity.

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: APOL, ARNA, CECO, FORM, GILD, MCP

22:46 | Permalink |

Few charts that I like for Tuesday

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Shares of Leap Wireless International, Inc. (NASDAQ:LEAP) surged 3.62% to $6.29 per share continuing the rally which begins earlier this month. The stock closed at the highs of the day and I am expecting another move higher tomorrow. The technical chart shows the stock is in a short-term bull market with 20-day MA on top over 50-day MA and RSI above the 50% level. The MACD is moving up in the positive zone and is above the signal line. I think the stock should continue to go up.

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Corinthian Colleges Inc (NASDAQ:COCO) closed slightly below the high of the day which is very bullish and was trading above 50-SMA for the sixth straight day. The resistance continues to be located at $2.71 followed by $3.09

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Ferro Corporation (NYSE:FOE) The stock broke a key resistance level on a volume expansion.

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Rosetta Genomics Ltd. (NASDAQ:ROSG) had heavy volume come into the stock as it closed up 90 cents on 2x normal daily volume. The heavy buying makes this an interesting situation and one worth watching on Tuesday. The technical chart above suggests that stock might find now resistance at $6.72. Only a close above this level would suggest further upside. Remain invested with a stop loss at $5.15.

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: COCO, FOE, LEAP, ROSG

23:22 | Permalink |

AC Investor Blog

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

Saturday, September 29, 2012

6 Bullish charts to watch next week

Thursday, September 27, 2012

Friday September 28th watchlist

Wednesday, September 26, 2012

Thursday September 27th watchlist

Tuesday, September 25, 2012

Wednesday September 26th watchlist

Monday, September 24, 2012

Tuesday September 25th watchlist

Friday, September 21, 2012

Stocks to watch out for next week

Thursday, September 20, 2012

Watchlist for Friday, September 21

Wednesday, September 19, 2012

Watchlist for Thursday, September 20

Tuesday, September 18, 2012

Long set-ups for Wednesday

Monday, September 17, 2012

Few charts that I like for Tuesday

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