AC Investor Blog: 11/01/2012

Monday December 3rd watchlist

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I've been bringing InterDigital, Inc.(NASDAQ:IDCC) to my readers the last few months and the stock is again on the verge of a possible breakout. For the coming week, watchout for a possible breakout over $43.09 which is the previous high. Based on a technical perspective the stock shows very strong bullish sign. First of all, the stock is trading above 20/50-day and 200-day moving average with all major moving averages pointing upwards. Then the daily MACD indicator is back above signal line also indicating a buy. In addition, KD line still show the stock is on the positive swing. The short interest remains high at over 13 percent and shorts will need more than 9 days to cover. So, if it breaks above the 43.09 level then a squeeze definitely will happen. I'll be watching the stock again on Monday for a possible Breakout.

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ITT Educational Services, Inc.(NYSE:ESI) stock pulled back after an oversold rally. Resistance on the upside is located at 19.14 followed by 20 and 21.10. Support on the downside is located at 17.84 followed by 17.43 and 16.37. Stochastics are creating higher highs and also curling up from the oversold level. ESI shows signs of bottoming out, gaining 10% from it's 52 week low in the last sessions. Looking like a nice play here.

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VirnetX Holding Corporation (NYSEAMEX:VHC) is facing a key resistance at $35.25 level. The short-term uptrend is intact and signals further bullishness on this stock. From a technical standpoint the stock is in a strong bull market with MACD on top of signal and %K line on top of %D line indicating buy signal. Buy the stock in dips with tight stop-loss at$31.96.

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Research In Motion Limited (NASDAQ:RIMM) has been one of the hottest stocks around, trading up from $8.00 to its current price of $11.60, all this month. Shares may be in a consolidation phase following a nice trend. Keep an eye for a possible breakout over $12.30.

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Looking at the technical chart the trend is beginning to shift towards bullish and a possible long entry can be taken if $1.60 provides support. From here, we can expect a run to the $2.02 level and from there we could see an explosive upsurge to $3, but tight stops should be used.

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: ESI, IDCC, OCZ, RIMM, VHC

22:38 | Permalink |

Friday November 30th watchlist

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Bouncing just above the 20-day moving average. VirnetX Holding Corporation (NYSEAMEX:VHC) looks ready to bounce toward $37 again. I still think the stock could offer some opportunity, so I'll keep the stock position open.

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Ciena Corporation (NASDAQ:CIEN) - The stock has recovered nicely and closed today above its 200-day moving average on high volume. CIEN can potentially set-up very well for a swing-trade if it breaks through the resistance level at $15. There could be good upside in this trade, so watch the stock closely tomorrow.

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Sodastream International Ltd (NASDAQ:SODA) I will be watching the stock again on Friday for a continuation move through Wednesday’s highs of $38.95.The accumulation indicator on chart shows the strength of conviction behind this Bullish trend. Lets keep an eye on it.

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Las Vegas Sands Corp. (NYSE:LVS) needs to take out $47.2. The break of the resistance line with heavy volume should be the next buy point on LVS.

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: CIEN, LVS, SODA, VHC

23:04 | Permalink |

Thursday November 29th watchlist

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Shares of Sodastream International Ltd (NASDAQ:SODA) made a solid 5% rally on today's trading session breaking out the downtrend line that has formed since August on heavy volume. The uptrend is strong based upon the MACD reading and the accumulation/distribution indicator marked an increase in accumulation. SODA is a short squeeze candidate, it has huge short interest nearly 57% of the 17.43 million-share float. Look for a quick run to $40 then on to $42

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I'm going to keep an eye again on InterDigital, Inc.(NASDAQ:IDCC) and see how it reacts tomorrow after today's gains. Technical chart shows a nice bullish stochastic cross combined with a nice bounce off the 20-day MA. In addition, the accumulation chart looking great. The next resistance level to watch is at 42. Above this level could test 43.08 next.

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I really like Celestica Inc. (NYSE:CLS) fundamentals. The company has a clean balance sheet with a current ratio of 1.91, zero debt and with 3.21 cash per share. It has a forward PE of 9, and a Price to sales ratio of 0.20. The company is also using $175M to buy back shares. From a technical standpoint, the chart looks really positive as 20-day moving average has just crossed on top of 50-day moving average. In addition, with MACD on top of zero/rising and KD at high level CLS should kept going for now.

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Tellabs, Inc. (NASDAQ:TLAB) broke out & never stopped all day. There is a good chance the stock will continue to move up.

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Zynga Inc (NASDAQ:ZNGA) closed strong above the 50-day MA for the first time since April. This momentum could push this stock much higher from here. Next resistance is now seen at $2.62 then 2.78.

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: CLS, IDCC, SODA, TLAB, ZNGA

22:49 | Permalink |

Stocks to watch on Wednesday Nov 28

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First Solar, Inc.(NASDAQ:FSLR) brokeout of a large Bullish ascending triangle with large volume. Look for confirmation tomorrow. The technical daily chart is showing bullish sign as the 50-day moving average has crossed above 200 day moving average early this month and MACD is above signal line.

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Green Dot Corporation (NYSE:GDOT) Broke out today on good volume. Look for more upside from here. The technical indicators are displaying good signs. The stock could touch an upside target of $13 in the short-term.

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Sonus Networks, Inc. (NASDAQ:SONS) broke through a short term resistance line of 1.45. The increase in volume hopefully would bring the stock price up to its 20-day moving average at 1.57.

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Cree, Inc. (NASDAQ:CREE) Nice breakout on high volume. Buyable on a pullback to the pivot.

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Monro Muffler Brake Inc (NASDAQ:MNRO) closed higher on Tuesday as the stock looks to be bouncing off support. The stock hit a high of $33.49, which is resistance for Wednesday’s follow through move.

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: CREE, FSLR, GDOT, MNRO, SONS

22:27 | Permalink |

Few trade ideas for Tuesday, November 27

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First Solar, Inc.(NASDAQ:FSLR) is consolidating inside a large bullish ascending triangle and two resistance points can be noted on chart, first is at 26, second at 26.31. If it breaks out of 26, target price is around 33.7, if it breaks out of 26.31 target price is 34.32. A good breakout volume would be above 6 Million shares traded. In the short-term picture, downside momentum is diminishing with daily MACD back above signal line. Stochastics and RSI also are on the bullish side.

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On the radar. Zynga Inc (NASDAQ:ZNGA) gave us a nice move today, which could be the start of a bigger move. If the stock can break through the 50-day MA at $2.52, we should see a strong follow through move. The accumulation chart is moving up again with smart buying going on. Keep watching the stock.

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3D Systems Corporation (NYSE:DDD) is a potential breakout play. Momentum picking up with MACD climbing and RSI rising. Breakout watch over $46.92.

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Nuance Communications Inc. (NASDAQ:NUAN) - Interested in this for reversal at 21.81. Possible double bottom.

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Lattice Semiconductor (NASDAQ:LSCC) Old alert. I remain bullish on Lattice Semiconductor (NASDAQ:LSCC) in the near-term. MACD has a bullish crossover and the bullish crossover in the ADX chart adds to my conviction. In addition, momentum oscillator RSI is also trading above 50 which signals the bullish trend further. LSCC still poised to rip. Keep an eye for play over 4.16.

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: DDD, FSLR, LSCC, NUAN, ZNGA

22:01 | Permalink |

Some setups to watch in the week ahead

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The trading week was very good for Zynga Inc (NASDAQ:ZNGA) compared to the situation of the stock 2 weeks ago. A new higher low was formed this week and a very good rally started on Wednesday which gave the stock a 12% boost in just two days. This move was accompanied by higher volume compared with the volume the previous week, but not sufficient enough to hold upward momentum today. Technical indicators on chart are showing us mixed signs. Bullish signs coming from Stochastics and MACD, while bearish signs coming from the RSI. At this point, the technical levels to watch for an entry point will be either $2.52 level or if the stock goes lower, $2.25 will be another attractive level to accumulate.

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Shares of Lattice Semiconductor (NASDAQ:LSCC), rose 4.65% to $4.05 per share. The stock cleared the downtrend channel of the recent leg down. Also, last candle is pretty bullish. LSCC is now back to positive trend as it is now back above 50-DMA. The MACD is also looking very good with a possibility of a cross above the signal line and with KD rising the stock could be heading for a new rally. The next key resistance level to watch is at 4.16. Above this level could test 4.5 next.

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Visa Inc (NYSE:V) had a remarkable rally this week with solid volume. The stock didn't only bounce from support near its 50-dma, but was also able to create a new 52-week high. The RSI is again near the overbought level, so for the coming week I expect a possible sideway movement.

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Nice runner from the buy list yesterday. Looks like the 20-day MA acted as support for the stock, as it was able to bounce from the downward movement. Green Dot Corporation (NYSE:GDOT) closed the week with a strong white candle. For next week the upward movement may continue. A move above $12 could spark a nice short-squeeze.

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Tellabs, Inc. (NASDAQ:TLAB) is capable of mounting a nice run in the weeks ahead. The company will commence its share repurchase program on Monday. From a technical standpoint the stock seems to have reversed from its downtrend and could be starting an uptrend. With the MACD turning up and above its signal line, this stock could post a nice rally from current levels.

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Baxter International Inc. (NYSE:BAX) broke out from a small ascending triangle with resistance at 66.88. Target price is at 69.8. Long setup, but watch out if price fall back in the triangle.

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InterDigital, Inc. (NASDAQ:IDCC) chart looks very good. Accumulation continues to trend higher despite recent pullback. Looks ready to test the recent highs. Next resistance level to watch 43.08

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: BAX, GDOT, IDCC, LSCC, TLAB, V, ZNGA

21:25 | Permalink |

Stocks To Watch For November 23, 2012

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Green Dot Corporation (NYSE:GDOT) is a fast-moving and volatile play. On Wednesday we saw the stock jump from the red to its days high in seconds, when someone bought around 100K shares ! The stock closed in the green and up 3.5% on solid volume. I alerted my twitter followers to GDOT mainly because of this very strong buy order but their technical indicators also are screaming for a potential breakout. Short-term trend was broken to the upside, next stop 12 resistance and then gap fill at 13. The 20-day moving average is climbing up and we can see the RSI starting to break above 50. GDOT looks to be on the right track to a serious breakout. Besides what we see on the charts, one thing of interest has been the strong insider buying recorded in early November. CEO bought 89K shares. The short interest is about 16.23% of the float and it's supposed to take about 7 days to cover it, so a squeeze is always possible. If it breaks the 50-day tomorrow, shorts might be in trouble. Institutional still holding 72.29%. From a fundamental standpoint GDOT has a PE of 14.53, PEG of only 0.62%, $5.61 cash per share and a ROE of 12%. Keep GDOT on your radar screens.

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Nokia Corporation (ADR) (NYSE:NOK) broke out on Wednesday and I am looking for a continuation move on Friday. Heavy volume came in as NOK broke through its resistance level of $3.22 ( 200-day moving average ). Wednesday's high is resistance for a follow through move tomorrow. I'm buyer of NOK once the stock breaks through these highs and expect to see another strong upside move. Short-term investors can buy with a stop at $2.75 and long-term investors can hold with a stop at $2.3.

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Research In Motion Limited (NASDAQ:RIMM) closed on Wednesday above its 200-day moving average for the first time since May 2011, closing at 10.26 on over 39 million shares. The stock up over 15% since my call on 17-11-12 Post : Watchlist for next week . In the short term, the overbought conditions on RSI and Stochs could result in a short-lived pullback, but I feel that will be temporary.

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Zynga Inc (NASDAQ:ZNGA) is showing signs of bottoming out on the charts along with the MACD giving positive signals. The stock broke a small bull flag higher Wednesday and with a rising RSI and stochastics the stock has room to run higher. The next resistance level to watch is 2.54 then 2.62.

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FormFactor, Inc. (NASDAQ:FORM) Looks like the bounce has finally come. Projected near term Price target - $4.50

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Institutions are buying Lattice Semiconductor (NASDAQ:LSCC). They are seeing value after it has been sold down recently. Institutions bought 8.7M shares in the current quarter. From the technical chart it looks like the stock is ready for another rally as %K line is on top of %D line indicating buy signal. Watch the downtrend line resistance.

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, GDOT, LSCC, NOK, RIMM, ZNGA

19:26 | Permalink |

Stocks To Watch For November 21, 2012

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GameStop Corp. (NYSE:GME) A big winner over the past few months but it looks like GME wants to continue higher as it breaks to new highs with an increase in volume over the past few days. Support at $25.

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Host Hotels and Resorts Inc (NYSE:HST) After getting punished lower in the past two months, the stock has been stabilizing and starting to build optimism. 14.50 is pretty much the pivot here. If that breaks, we could see 15 quickly.

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Regions Financial Corporation (NYSE:RF) Price broke a downtrenline on the daily chart and closed above its 200-DMA on volume uptrend. Looks like more upside on the way.

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Not a fan of China stocks, but Cleantech Solutions International Inc (NASDAQ:CLNT) could be setting up for a run to $5. Some serious upside volume coming into CLNT over the last few days. Short-term $4 should act as support from here but a drop back to the low $3.45’s is still a risk in this volatile stock, so tight stops should be used for any long trades.

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Tellabs, Inc. (NASDAQ:TLAB) saw its shares surged almost 2.25% to $2.78 per share today after the company said in a statement it would actively repurchase as much as $224.6 million worth of its stock ( 22.5% float ) to win back shareholders’ favor. From a technical standpoint the stock broke the down trendline and it poised to retest the 2.9 level. A close above this level will be bullish. Beyond that, chart shows a bullish MACD crossover which indicate we have some more room to the 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: CLNT, GME, HST, RF, TLAB

22:37 | Permalink |

Some potential bounce plays to keep an eye on

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Crocs, Inc. (NASDAQ:CROX) Could see a significant bounce from this level. The stock broke the short term trend line at 12.36 along with a bullish MACD cross. Additionally, the RSI is bouncing off the 30 line.

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Molycorp Inc (NYSE:MCP) also produced a nice reversal candle today on solid volume. If the stock can break today's high tomorrow, I think we will rally back to the $7 level.

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FormFactor, Inc. (NASDAQ:FORM) printed a possible reversal candle. If it breaks today's high tomorrow then expect 4.4-4.50 on upside as indicators showing signs of reversal.Stop loss 3.70

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Skyworks Solutions Inc (NASDAQ:SWKS) Stalking. I would like to see a close over 21.07 before getting involved. The MACD is showing a positive increasing divergence since the beginning of October.

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Pandora Media Inc (NYSE:P) has recovered from its Friday's low of $7.08. The current rally should at least push the stock to $8 per share where the major resistance is. The stock needs to close above this level to indicate a continuation of the rally. If this rally fails there is a new downside risk. Shareholders may remain invested with a stop-loss at 7.08.

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: CROX, FORM, MCP, P, SWKS

22:51 | Permalink |

Watchlist for next week

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Research In Motion Limited (NASDAQ:RIMM) produced a strong bullish breakout with yesterday's 4.66% gain. The stock broke out from a pennant pattern with a very large volume and closed above its recent highs. I'm suggesting long positions now or on a dip back toward the $8.83-9 zone. I have two targets. My first target is $9.57 and the second target is 10.23 ( its simple 200-dma ). I tweeted the breakout.

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Chemtura Corporation (NYSE:CHMT) broke out to new highs for the year and has a very good medium term daily chart showing signs of a turnaround. Support at $17.49.

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GameStop Corp.(NYSE:GME) Broke out from a consolidation pattern with strong volume Friday after a failed attempt last week. The huge volume increase suggests that a lot of buyers like this stock. Support at $22.70

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Kellogg Company (NYSE:K) is building a nice optimistic pattern under resistance at $54.79. Watch for a break through that price level to indicate that another push higher will occur. Support at $53

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Regeneron Pharmaceuticals Inc (NASDAQ:REGN) broke out of its 50-dma on heavy volume for the first time this month, a bullish sign with a bullish engulfing pattern after two-days pullback. The MACD has already generated a buy signal. Watchout for the following resistance at $166.39 which is the previous high.

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: CHMT, GME, K, REGN, RIMM

16:00 | Permalink |

AC Investor Blog

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

Friday, November 30, 2012

Monday December 3rd watchlist

Thursday, November 29, 2012

Friday November 30th watchlist

Wednesday, November 28, 2012

Thursday November 29th watchlist

Tuesday, November 27, 2012

Stocks to watch on Wednesday Nov 28

Monday, November 26, 2012

Few trade ideas for Tuesday, November 27

Friday, November 23, 2012

Some setups to watch in the week ahead

Thursday, November 22, 2012

Stocks To Watch For November 23, 2012

Tuesday, November 20, 2012

Stocks To Watch For November 21, 2012

Monday, November 19, 2012

Some potential bounce plays to keep an eye on

Saturday, November 17, 2012

Watchlist for next week

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