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Thursday, October 11, 2012 

Stocks to watch on Friday, October 12

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Some of you may remember my Tuesday's post  Coal Stocks Gaining Momentum  Now take a look at the performance of the coals stocks today ANR +16.96% ACI +15.74% BTU +8.95% JRCC +18.35% Congratulations to those of you who took a chance after reading my post. Nothing in this market is easy, as you know, but with my experience and knowledge you can increase your chances at turning a nice profit. Just before the close I sold some positions and I will wait for a pullback to enter long again.

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Keep an eye on Arena Pharmaceuticals (NASDAQ:ARNA) if it breaks this triangle on heavy volume play accordingly.

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InterDigital, Inc.(NASDAQ:IDCC) is being sold off on low volume and looks healthy. Still liking and holding since $26. The company has lot of cash on balance sheet, growth and a huge patent portfolio for mobile technology. InterDigital is the second-biggest player in LTE with 780 patents, which makes the company a potential takeover candidate that could command a large premium if sold. This is a long term investment for me. 

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OmniVision Technologies, Inc. (NASDAQ:OVTI) As you all know I’ve already bought this stock at 14.1 but if you want to buy use the break of 14.39 resistance point as the next buy area, this resistance is very strong. However, I think the stock will break this resistance very soon. From a technical standpoint we can see that the MACD is approaching the signal line and is suggesting a potential trend change. Additionally, its stochastics are oversold for some time, suggesting the potential for a bounce. Based on the information recently made available the short interest decreased 18% to 7,682,800. So, stay tuned.

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Netflix, Inc. (NASDAQ:NFLX) Looking fine, holding the 100-day sma and the breakout. Looks good for higher prices JMHO

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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