AC Investor Blog: 12/01/2012

My Last post of 2012

I would like to take the time to wish everyone out there a Happy and Healthy New Year 2013 ! May the new year be prosperous and peaceful for you and yours. Enjoy some great bubbly at midnight and please drink with responsibility.

I'm back on Wednesday with more trade Ideas.

AC

12:08 | Permalink |

Stocks to Watch for next week

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Riverbed Technology, Inc.(NASDAQ:RVBD) looks good for higher prices. After a nice consolidation, I believe the stock is poised to break next buy / add area (200-day moving average) and back over the $20 level. Short term indicators are positive. A buy signal would be given on a break above resistance at 19.84, with the next resistance then at 20.09, 20.45 and 21.02. Support is at 19.01 and 18.61

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American Axle & Manufact. Holdings, Inc. (NYSE:AXL) touched the 200-day SMA once again on Friday where it was quickly bought up. From a technical perspective this is a good sign of institutional support. I believe the stock should begin to move up quickly, once it clears the area of congestion that its currently in. I'll use a buy stop to buy this at $11.

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I hesitated to mention Hanwha Solarone Co Ltd (NASDAQ:HSOL) on twitter but the stock cleared back over the 50-day SMA on heavy volume Friday, while most of the market was falling. So I think it deserves a mention. Daily MACD gave a buy signal, while RSI and stochastics have turned up. Good long setup, if it takes out the 200-day SMA on volume.

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Radian Group Inc.(NYSE:RDN) Good winner this week. Looks really good making new highs on volume and holding the breakout. Next buy area when clears 5.82 on heavy volume.

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GT Advanced Technologies Inc (NASDAQ:GTAT) is starting to stabilize. If the market shows a little bit of optimism the stock could bounce back up to its 20-day moving average at $3.20. Short interest hit a new high on December 14 at 38.050.165 shares. Short ratio is about 9 to 10 days.

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Amarin Corporation plc (NASDAQ:AMRN) is very oversold and if the stock can hold the $7.60 price line may be a good bounce play.

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: AMRN, AXL, GTAT, HSOL, RDN, RVBD

09:31 | Permalink |

Friday December 28th watchlist

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Zynga Inc (NASDAQ:ZNGA) moved up about 1% on light volume. My first target remains at $2.71 and the stop loss remains at $2.10. The stock still holding its 50-day SMA and trading around it in this bearish environment, which is a Bullish sign. The Slow Stochastic is about to cross up and this may indicate a surge coming. I'll add to the position on a breakout above $2.45.

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Nu Skin Enterprises, Inc. (NYSE:NUS) made a strong upside reversal. Only a close above $36.04 would suggest further upside. I think NUS is due for recovery as %K line has crossed on top over %D line. The stock needs to close above this level in order to alleviate the negative near term view.

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Chemtura Corporation (NYSE:CHMT) made a new 52-week high today but failed to close above the previous highs. A breakout from the flag pattern on the upside is positive and the up-move is supposed to continue. Now, the stock needs to confirm the break higher by holding this level above its 20-day SMA and continue to move higher from here.

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, NUS, ZNGA

22:58 | Permalink |

Thursday December 27th watchlist

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Radian Group Inc. (NYSE:RDN) breakout with strong volume today, most likely has a few more moves in it. I'd wait for a pullback for a better entry point. Short term technicals are positive. CMF, RSI, MACD, and stochastics are rising.

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Rite Aid Corporation (NYSE:RAD) on breakout mode, a bit extended here so be careful on it. I would wait for a pullback to get on board, ideally to the 200-day moving average which is now at 1.30

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Zynga Inc (NASDAQ:ZNGA) starting to get some momo once again. In my view, the stock has formed a bottom in short-term and I expect a move past 2.45 to take the stock towards the target of 2.7 with stop-loss at 2.1

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Amarin Corporation plc (NASDAQ:AMRN) seems to be showing signs of bottoming at current levels. Due to the oversold reading on technical oscillators a bounce should be taken into account any time now.

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Career Education Corp. (NASDAQ:CECO) is currently into a consolidation phase, but has been comfortably placed above the 50‐day moving average. Short term indicators are positive. A close above 3.55 would confirm an end of the consolidation phase and would signal a fresh breakout for target of 4.

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: AMRN, CECO, RAD, RDN, ZNGA

22:31 | Permalink |

Merry xmas

Dearest Followers,

It’s Christmas Time !! On Christmas we celebrate the best in us and think about friendship, harmony and peace. So, I would like to wish each of you and your loved ones a peaceful and joyous Christmas.

I'm back on Wednesday with more trade Ideas. Wishing you a Merry Christmas!......

Sincerely,

AC

17:17 | Permalink |

Short term trading ideas for Christmas Week

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Facebook Inc (NASDAQ:FB) broke another support level on Friday and the 13-day SMA is turning down. The short term technical indicators continue to weaken. The MACD remains on its December 13th sell signal, RSI and stochastics are at new lows. FB needs to bounce back over $27.22 soon or there will be more trouble for the share price.

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The stock jumped 1.26% on Friday to close at 53.93, just above resistance at 53.14, after trading as high as 54.19 intraday. A close above Friday's intraday high would confirm the short-term double bottom that has formed on the stock's daily chart and would give a buy signal. MACD gave a new buy signal, daily RSI has turned up and stochastics has risen above 20.

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NVIDIA Corporation (NASDAQ:NVDA) The bears failed to close the stock below the 50-day SMA, on Friday NVDA made an intraday low of $12.21 and bounced backed sharply. The stock over the short term still bullish toward the $13 target and above that the target will be $13.11 (200-day SMA). As long as stock kept trading above the $12 level the uptrend movement still valid.

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Career Education Corp. (NASDAQ:CECO) closed just above the 50-day moving average today on high volume making a nice Bullish Hammer Candlestick Pattern, so that is a positive sign. If we get a confirmation on Monday with a close higher, than we might be headed to retest the previous high at 3.72.

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Shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS) still moving in the activated drop correction mode after falling below the 6.5 level and still heading toward the targets of 5.40, where below this level the new target will be 5.14. Only a close above the 6.50 level changes my view of a move lower.

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Zalicus Inc (NASDAQ:ZLCS) Near the breakout zone, look for break above 0.74 to enter longs with targets at 0.91 and 0.95. Looking at the chart technicals are improving. The MACD gave a buy signal on Friday, daily stochastics and RSI have turned up.

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, FB, JKS, NVDA, ROST, ZLCS

19:16 | Permalink |

Stocks on my watch list for Friday, December 21

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Amazon.com, Inc. (NASDAQ:AMZN) Poised to breakout to new highs. Keep an eye for play over 264.2. Volume & price have risen and this stock again should be on your watch list.

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Shares of Research In Motion Limited (NASDAQ:RIMM) are moving higher in after-hours trading after its quarterly earnings beat Wall Street estimates. Q3 EPS of $(0.22) versus the estimated $(0.35) and the revenue came in at $2.70B versus the estimated $2.65B. Looking at the technical chart stock still trading in a short term Bull Market with share price above 50-day sma and 200-day sma. The next key levels of resistance to watch are $14.99 and then $17.30. Support : 13.28

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Zynga Inc (NASDAQ:ZNGA) Volume is falling and the stock is still holding its 50-day SMA. It looks like the sellers are losing momentum imho

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Progenics Pharmaceuticals, Inc.(NASDAQ:PGNX) had a nice consolidation day after surging nearly 20% on Wednesday. This is the type of action that I love to see before another leg up in price, this slight retrace was expected. Looking at the technical chart, we can see the Accumulation/Distribution line moving up, which is a fabulous sign for this stock. Finally, we're right on the brink of a bullish cross as the 20-day SMA is ready to cross the 50-day SMA, which is another good thing this chart is showing. I still think the stock is poised to rip to the upside. Keep an eye for play over 2.95

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Vringo, Inc.(NYSEAMEX:VRNG) Looking at the chart it is nice to see this stock back over $3 with big money volume. I'm curious to see how it reacts tomorrow as it sits right below its 20-day SMA. A break and close above this level would be very bullish for this stock. We also have a MACD bullish crossover on the daily chart. 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: AMZN, PGNX, RIMM, VRNG, ZNGA

22:38 | Permalink |

Top stocks on my watch list for Thursday December 20th

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Accretive Health, Inc.(NYSE:AH) Looks poised to break through this resistance at 12.25-12.28. The accumulation/distribution line shows a significant uptrend and MFI reveals very strong buying pressure. I believe that this is the first sign of a change in trend of the stock sentiment. Keep on watch !

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Progenics Pharmaceuticals, Inc.(NASDAQ:PGNX) started a rally that saw the stock break $2.48, its 50-day moving average on heavy volume. After that break, the stock soared to a high of $2.91 before closing the day at $2.87. This creates a strong bullish scenario for tomorrow. From a technical standpoint, the stock broke the DT line, its 50-day SMA and MACD back above zero. The ingredients are here for a nice move. Lots of room to the upside if it can follow through from today's big gains. A rally from the current levels could see very little resistance to the upside. Keep PGNX on your radar for Thursday’s trading session.

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NVIDIA Corporation (NASDAQ:NVDA) The stock acted like it was going to break-out from the bull flag pattern, but failed to. Maybe tomorrow.

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Brightcove Inc (NASDAQ:BCOV) broke out above its 20-day SMA at $9.37. BCOV is now riding on a short-term upward movement in share price. Technical indicators are becoming more favorable, with the MACD and Stochastics starting to turn up. Next resistance lies at $10 and then at $10.14.

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Herbalife Ltd. (NYSE:HLF) Broke down through a major support area today of 42.15. Next support is at 35.39 All technicals are bearish.

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: AH, BCOV, HLF, NVDA, PGNX

22:45 | Permalink |

Wednesday December 19th watchlist

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Shares of Accretive Health, Inc.(NYSE:AH) broke out today above its short term moving averages on monster volume. The stock is showing increasing strength on the MACD, Slow Stochastic and RSI. At this point, the next key technical levels that traders should be watching for are at the 200-day SMA of $13.16 and at $13.58, which is the next significant resistance. The short interest in this stock it's around 17%. Unusual volume can be a strong signal that hedge funds & momentum traders are piling into AH ahead of a catalyst.

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NVIDIA Corporation (NASDAQ:NVDA) - This stock spent the day trying to break out from a nice bull flag. There is no change from my prior comments. We're still waiting for NVDA to breakout past $12.7. A high-volume move above that level could set this stock up to re-test its October highs of $13.71.

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Rosetta Genomics Ltd. (NASDAQ:ROSG) may face strong resistance at $4.73 (50-day SMA), above it may test $4.93 and thereafter it may test $5.39. All the trends in stock indicators are neutral or positive.

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Oracle Corporation (NASDAQ:ORCL) Great earnings. Entry point would be on the day it blows through $33.10 on heavy volume.

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Patterson-UTI Energy, Inc.(NASDAQ:PTEN) has made an awesome move on Tuesday breaking out its resistance level. Plenty of room to upside. I recommend traders wait for a pullback to add or initiate positions in the stock.

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CBS Corporation (NYSE:CBS) has a good chance to continue higher and a buy could be made as it moves over $36.56. If this happens, the stock is a good play.

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: AH, CBS, NVDA, ORCL, PTEN, ROSG

22:28 | Permalink |

Tuesday December 18th watchlist

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Sodastream International Ltd (NASDAQ:SODA) gained over 7% on the day and closed near its highs of the day. The stock has been under buying pressure lately as evidenced by the rectangle on its volume chart. SODA has now resistance at $44.5. If the stock is able to cross this level and sustain above it, then it might go to $48.1 and then even to $50. The technical daily chart shows positive sign as stock has been trading above 50 and 200 day moving averages. Sell stop : 40.24

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Citigroup Inc.(NYSE:C) has broken out of a major resistance line. The upside looks bright. The stock hit new highs of $39.20 on Monday, which is resistance for the follow through move on Tuesday. If the stock can break through highs, we should see another high volume move as the stock moves higher. Stay tuned.

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3D Systems Corporation (NYSE:DDD) made a powerful move today, gaining over 5% on decent volume. This strong move allowed the stock to close above its 13-day SMA and close at its highest level since late November. My short term target will be $49.35, but its possible if the stock breaks resistance at that level that it could easily run to $50.

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Sonus Networks, Inc.(NASDAQ:SONS) closed above its major resistance today for the first time since early November. The stock closed strong at its highs of the day on heavier volume than Friday's trading. A lot of technical indicators are suggesting a possible move in SONS to at least $2 which will be my short term target.

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VIVUS, Inc.(NASDAQ:VVUS) was a big winner today gaining over 13% on the day. From a technical point of view, the stock looks like it is starting to break out from a base formation. The OBV is starting to point up as well and I think we could see further upside in VVUS. Sell stop : 11.4

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GT Advanced Technologies Inc (NASDAQ:GTAT) was down a bit on Monday but the stock is still holding steady above its rising 13-day SMA. My target remains at $4 and the stop loss sell remains at $3. Holding long.

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: C, DDD, GTAT, SODA, SONS, VVUS

22:40 | Permalink |

6 stocks to watch in the week ahead

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NVIDIA Corporation (NASDAQ:NVDA) has been forming a bull flag/bull pennant pattern. The stock has a good risk/reward. I'm looking for a strong move up in the near term. From the technical daily chart both MACD and CMF are showing bullish sign as MACD is rising above 0 while CMF is positive. I remain bullish on this stock.

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Sonus Networks, Inc. (NASDAQ:SONS) Still holding its 50-day SMA. The stock is consolidating over that level on very low volume, so watch to see if it can clear resistance. The Accumulation/Distribution line is climbing up again. Over the last 6 months, insiders were net buyers of 8.3M shares, which represents about 3.76% of the company’s float. The bullish insiders should indicate SONS stock is really worth buying.

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Research In Motion Limited (NASDAQ:RIMM) displayed some strength on Friday again but volume was not so high as on the previous day. I recommend readers take some profits (1/2 your position) right here. Its daily RSI reached the 80% level. I am not suggesting new bullish positions at this time.

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DryShips Inc. (NASDAQ:DRYS) is a good stock that can turn in strong gains when starts moving. Honestly, I believe one of those moves began today after closing the day with a gain of 9 cents to $1.83. The strong move came on a surge of volume, which is generally a good sign. Set a stop loss at $1.60

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Arena Pharmaceuticals, Inc.(NASDAQ:ARNA) may have reversed its recent downtrend, closing in the green on decent volume today. I will give this one, one more session. Buy stop at $9.45. All the technical indicators look good.

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US Airways Group, Inc. (NYSE:LCC) No position was entered as the stock failed to break $13.2. I will watch it again next week.

I have reached 1500 followers on Stocktwits and soon 3000 on twitter, which is fantastic news !! So guys help me to grow my Twitter. Thank you everyone for following me !!

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: ARNA, DRYS, LCC, NVDA, RIMM, SONS

23:05 | Permalink |

AC Investor Blog

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

Monday, December 31, 2012

My Last post of 2012

Saturday, December 29, 2012

Stocks to Watch for next week

Thursday, December 27, 2012

Friday December 28th watchlist

Wednesday, December 26, 2012

Thursday December 27th watchlist

Monday, December 24, 2012

Merry xmas

Saturday, December 22, 2012

Short term trading ideas for Christmas Week

Thursday, December 20, 2012

Stocks on my watch list for Friday, December 21

Wednesday, December 19, 2012

Top stocks on my watch list for Thursday December 20th

Tuesday, December 18, 2012

Wednesday December 19th watchlist

Monday, December 17, 2012

Tuesday December 18th watchlist

Friday, December 14, 2012

6 stocks to watch in the week ahead

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