AC Investor Blog: 01/01/2013

Stock Setups for Friday

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Associated Banc Corp (NASDAQ:ASBC) traced out a nice setup and this upside breakout has some power. There looks to be good upside in the stock, so keep it on your radar the next few sessions.

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This stock looks poised for an impressive rally, after surging today on strong volume. If PEIX continues to get attention it could break the $.39 mark tomorrow, which would be a remarkable gain. Technicals Showing Signs of a Bottom. Watch PEIX closely.

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Netflix, Inc. (NASDAQ:NFLX) dropped by more than 1.7% today with good volume, making it a distribution day, the second in a row. I wouldn't be surprised to see a pullback to the $147 to $150 area.

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Groupon Inc (NASDAQ:GRPN) appears to be gaining momentum again and a moving train is difficult to stop. Resistance at $5.59 could be the last pause before a strong move higher.

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TiVo Inc. (NASDAQ:TIVO) Broke out to new highs today after consolidating for last 2 months. Volume surged and this breakout looks like it is here to stay. All exponential moving averages are below turning up for support. I like this stock for a swing trade.

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Check Point Software Technologies Ltd. (NASDAQ:CHKP) A break above the $50 level would give the stock momentum for a run to test the $52. A pullback to the 48 area would also be a great oportunity to buy on pullback for those who want to trade the swings.

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: ASBC, CHKP, GRPN, NFLX, PEIX, TIVO

22:40 | Permalink |

Few trade ideas for the last day of January

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KeyCorp (NYSE:KEY) is on the verge of a breakout. The stock has been holding at support $9.07 but facing resistance at $9.50. I wouldn't be surprised if this stock finally gives investors what they have been waiting for. KEY will move very quickly, so keep a very close eye on the stock.

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What a rally for Zalicus Inc (NASDAQ:ZLCS) late in the day. We have to believe that this rally will resume in earnest tomorrow. I feel a rally to $.83 and better is in the cards short term. The Accumul/Distrib line is moving up, it means the stock is being accumulated.

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Hemispherx BioPharma, Inc (NYSEAMEX:HEB) looks right on the verge of a breakout. The MACD is moving up showing positive momentum while KD line also show buy signal as %K line is on top of %D line. Keep an eye for a possible breakout over $.31

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Elan Corporation, plc (ADR) (NYSE:ELN) Nice breakout with decent volume. Momentum picking up with MACD climbing and RSI rising. Look for a quick run to $10.66 then on to $11. Stop loss 9.74

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: ELN, HEB, KEY, ZLCS

22:22 | Permalink |

Wednesday January 30th watchlist

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Nice tweeted under $2.04 !!! Gevo, Inc. (NASDAQ:GEVO) broke out of a Bullish Pennant chart pattern during Tuesday's trading session on great volume. I think we will see a nice follow through tomorrow. This was a $9 stock less than 9 months ago. With almost 18% ( 5.9 Million shares ) of the float short, this stock is due for a big move higher, in my opinion. Shorts need to buy back stock to profit from their bets ;) which only adds fuel to the FIRE :). From a technical standpoint, the RSI is moving up and above its 50% level. The daily MACD continues to trade in the positive zone. The accumulation/distribution line is also turning up which means there is more money flowing into the stock. The next resistance area is around the mid $2.7 range.

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This stock is quietly gaining momentum. Cell Therapeutics Inc (NASDAQ:CTIC) looks ready to break a recent high of $1.59. If the stock can manage a breakout above this level on high volume, it would be a great buying opportunity but only on a breakout. Keep it on your watch list going forward.

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Amazon.com, Inc. (NASDAQ:AMZN) 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 Wednesday. I'm using the all-time highs of $284.72 as resistance.

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SUPERVALU INC. (NYSE:SVU) closed at 3.91, up 23 cents for the day reconfirming the new uptrend after the recent break above the major resistance on expanding volume.

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American Water Works Co., Inc. (NYSE:AWK) That is a good looking chart. It's a buy on a break of 38.9 with solid volume. Stop 37

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, AWK, CTIC, GEVO, SVU

22:25 | Permalink |

Tuesday January 29th watchlist

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Glu Mobile Inc. (NASDAQ:GLUU) surged 15% or 35 cents to $2.64 per share on unusual volume. The technical daily chart shows it's a great time to buy the stock as %K line has just crossed on top over %D line showing buy signal and RSI has just rose from oversold level. In addition, the short-term trend is bullish as the 9-day EMA has just crossed on top over 20-day EMA. Resistances are at $2.74, $2.9 and $3.05. Supports are at $2.55, $2.41 and $2.35. For those who did not have a chance to buy GLUU, any pull back is your buying opportunity.

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Zynga Inc (NASDAQ:ZNGA) broke out of a consolidation range to the upside on heavy volume. I do not see anything until the $3-$3.06 area. Indicators are also showing signs of recovery. Near term support is now located at $2.76, as long as this level holds, I'd expect the uptrend to continue. Keep a close eye on the stock for the follow through move.

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NVIDIA Corporation (NASDAQ:NVDA) The bias still bullish in nearest term testing 13 area but remains neutral and no clear direction in medium term. Only a clear break above the 200-day EMA could confirm the bullish scenario. With %K line back above %D line and stock back above 50-day EMA, we may see some rally coming. Positive RSI is confirming the upside movement.

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Gevo, Inc. (NASDAQ:GEVO) looks like a pennant forming, which is a bullish continuation pattern. Pullback on very low volume. All dips should be bought with a stop at $1.75. Watch for next leg up.

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With the Dendreon Corporation (NASDAQ:DNDN) holding above its rising 9 / 13 / 20 EMAs, I expect further upside. The stock may expect some resistence at $6.84 per share, the 200-day EMA.

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Facebook Inc (NASDAQ:FB) made a very significant move today breaking out from the horizontal resistance mark around $32.21 on heavy volume in the face of a weak market. This breakout suggests a possible move to $35.

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Research In Motion Limited (NASDAQ:RIMM) broke down its support today on increased volume and selling pressure making this stock appear that it could easily be sent down to its next support level around $15. Only the break of the prior support now resistance confirmed by a daily closing will support higher levels. The indicators of the daily chart are starting to turn down, suggesting further possible pressure. Only a strong closing again above the top of today could change this scenario.

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: DNDN, FB, GEVO, GLUU, NVDA, RIMM, ZNGA

22:36 | Permalink |

6 Stocks to watch out for next week

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Starting with Facebook Inc (NASDAQ:FB) on the daily charts. The present uptrend in stock price is getting confirmed as the days go on. Right now, I'm in a long trade that I entered around 29. The medium trend is still bullish, as we can see on the chart above. Immediate support remains at 28.75 followed by 27.4 (50-day SMA). Initial resistance at 32.21. A break above that area could trigger further bullish momentum towards $35 area.

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OCZ Technology Group Inc. (NASDAQ:OCZ) made a strong move Friday on unusual volume. The stock was strong all day as it closed up 18.32% to $2.39. If the stock can break Friday’s high of $2.44, we should see a continuation move.

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JPMorgan Chase & Co. (NYSE:JPM) has been in a strong uptrend since November and it does not looks like the trend will change soon. Today, the stock broke out an important resistance at $46,87 with solid volume. The trend is in favour of Bulls and JPM still has room to go higher.

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NVIDIA Corporation (NASDAQ:NVDA) broke out of a short-term consolidation range on Friday. The high of the day was $12.42, which is resistance for the continuation move. A break of this resistance level could see the stock testing its 200-day SMA at $12.85. Although the stock is still weak as the MACD is below 0, the technical indicator KD now shows positive sign as %K line is now back above %D line. NVDA can be a fast moving stock, so keep it on your radar and be ready for this upside move.

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Zynga Inc (NASDAQ:ZNGA) is holding up nicely above its 50-day SMA. The technical chart is showing possible buying opportunity as %K line is about to cross on top over %D line. A close above 2.54 would impart positive momentum. The stock is likely to move to the 2.7-2.76 range on the break past the resistance zone.

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I continue to watch Delta Air Lines, Inc. (NYSE:DAL). The volume is still large so it could potentially break out again at any moment. Breakout watch over 14.2

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: DAL, FB, JPM, NVDA, OCZ, ZNGA

23:21 | Permalink |

Friday January 25th watchlist

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The chart of Vonage Holdings Corp. (NYSE:VG) looks great as it continues to trade within a large ascending triangle pattern with resistance at 2.55. That resistance level is the area to watch closely and breakout above is a strong buy signal.

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Shares of GT Advanced Technologies Inc (NASDAQ:GTAT) closed above its 50-day moving average for the first time since September 2012, a strong bullish sign that puts the next stage of resistance at $3.56. On the technical chart, we can see a few things going on here. First, the MACD continues to trend higher near to cross above 0. Also, stochastics are indicating a trend reversal to the upside. Last, and definitely not least, the RSI back above the 50 centre line. You should keep this stock on your screen radar.

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Gilead Sciences, Inc. (NASDAQ:GILD) has been in a range over the past two weeks. The stock looks like it wants to breakout of this range, but has not been able to gain the needed momentum. Today’s high of $78.75 is the top of this range, which makes it resistance for the breakout move. You should keep this stock on your screen radar.

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Apollo Group Inc (NASDAQ:APOL) looks to be breaking out, as the stock closed up 52 cents on Thursday. APOL looks to have bounced off lows earlier this month as it gains upside momentum. You need to watch it closely and be ready for this upside move.

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MELA Sciences, Inc. (NASDAQ:MELA) has pulled back into support and may offer some value here.

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Leucadia National Corp. (NYSE:LUK) finally broke out and made a nice move today. I'll be watching the stock for a continuation move on Friday. LUK has good upside potential, so keep watching the stock for further moves.

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, GILD, GTAT, LUK, MELA, VG

22:01 | Permalink |

Thursday January 24th watchlist

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Microsoft Corporation (NASDAQ:MSFT) had a great move on the upside today and closed above its 50-day EMA for the first time since November 2012. A break through today's high could see a rapid move back up to the $28 resistance area.

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Rubicon Technology, Inc. (NASDAQ:RBCN) is getting some buying and looks poised to post some nice gains if the buying volume persists. Higher volume often indicates reversal points. The stock displayed relative strength today and broke out above resistance at the $6.50 level. This could be the start of a nice run. A lot of technicals are saying RBCN is about to take off. Continue to keep this stock on your radar.

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Keep Zynga Inc (NASDAQ:ZNGA) on your watch list. A break of $2.49 (50-day EMA) with force might give the stock room to $2.66

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Tesoro Corporation (NYSE:TSO) is on a good upward run but a resistance level has formed at $45.44, setting up for a possible resistance breakout trade. Keep it on your radar.

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Bottomline Technologies (NASDAQ:EPAY) seems to have broken out of an ascending triangle with 27.74 as resistance, closing higher with good volume. Target price for the ascending triangle is at $30. The MACD seems to confirm the breakout, but RSI is near overbought level. If tomorrow, this stock gaps up, wait for a pullback to get in.

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: EPAY, MSFT, RBCN, TSO, ZNGA

22:49 | Permalink |

Wednesday January 23rd watchlist

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Lincoln National Corporation (NYSE:LNC) remains poised for breakout to the upside. This sideways consolidation has formed an ascending triangle pattern, which is generally very bullish. A push above $28.38 would be a solid buy signal for traders. Both RSI & MACD are bullish with RSI near overbought region. Currently prices are supported by 13/20 days MAs.

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James River Coal Company (NASDAQ:JRCC) perfect follow through day. The technical indicators are turning up from oversold levels and the MACD looks likely to form its own crossover suggesting that the stock price is about to move higher.

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First Solar, Inc. (NASDAQ:FSLR) Daily close above the white downtrend line and above its 20-day SMA ($31.32) on solid volume. CMF turned up, along with RSI and Slow Stochastic. Looks good to go here.

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The rally in Verint Systems Inc. (NASDAQ:VRNT) is losing some steam. VRNT has been very overbought and is poised for a correction. I would wait for the stock to fill the gap near $32 before considering new bullish positions.

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GT Advanced Technologies Inc (NASDAQ:GTAT) is setting up for a possible break above its 50-day moving average, which based on the chart could send the stock up like a rocket. The short interest in this company is almost 31% of the company's float ! Chart on Breakout Watch !!

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As shown in the chart above, VirnetX Holding Corporation (NYSEAMEX:VHC) stock price crossed and closed above 9d&50d SMAs today on volume uptrend. Looks like more upside on the way. I'll use a stop loss at $31.94. My short-term target is $35.

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: FSLR, GTAT, JRCC, LNC, VHC, VRNT

23:13 | Permalink |

7 Stocks to watch out for next week

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Shares of 3D Systems Corporation (NYSE:DDD) closed the day on Friday at $65.82 a share, a 4.23% increase over the previous closing. The day's range was 62.90-66.22. The stock has been on one of the most amazing runs of the past four months. I'll be watching the stock on Tuesday, looking for a follow through move. As long as the stock stay above $61.50, the short-term bullish scenario still intact.

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Zions Bancorporation (NASDAQ:ZION) Stalking. The technical chart shows a Cup & Handle pattern. The stock hit a high of $22.69 on Friday, but failed once again to close above $22.8. I expect to see a high volume move once the stock breaks through resistance, as traders are watching this stock closely.

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Zynga Inc (NASDAQ:ZNGA) continues to fall on light volume. I think current levels offer a great chance to play a rebound in shares. The stock closed on Friday at $2.45 above the 50-day SMA. From a technical standpoint, the stock has build a good support around this SMA recently and do has the chance to go up. On watch.

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AXT Inc (NASDAQ:AXTI) The price movement in the last couple of days indicates that the stock has formed a short-term bottom at $2.83. Expecting a bounce from this level and a breakout of the 2.9 level with a price target for the near term of 3.14. The OBV is a good leading indicator for this small cap at these levels, the volume chart from OBV is showing a growing interest in accumulating the stock. Shares of AXTI trade at a trailing P/E of 15x with a PEG of just 0.65x, which indicate that the stock is undervalued. In addition, this company has no debt and about $46 million of cash, so they have about $1.43 a share in cash. I like this company and have been adding.

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James River Coal Company (NASDAQ:JRCC) Big bullish engulfing candle. Next pivot resistance point is at 3.24 ( 200-day SMA ). The slow stochastic gave a new buy signal yesterday.

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Alpha Natural Resources, Inc. (NYSE:ANR) Looking to buy on strenght. Indicators starting to move up again. Stop loss below 8.67

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Linear Technology Corporation (NASDAQ:LLTC) stock broke out to new highs Friday on 6x the daily avg. volume. Looks good for higher prices. As long as the stock holds above $35 the intermediate-term picture should remain positive. Fresh exposures may be considered on a move past $36.52, with a stop-loss at $34.68.

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: ANR, AXTI, DDD, JRCC, LLTC, ZION, ZNGA

10:36 | Permalink |

AC Investor Blog

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

Thursday, January 31, 2013

Stock Setups for Friday

Wednesday, January 30, 2013

Few trade ideas for the last day of January

Tuesday, January 29, 2013

Wednesday January 30th watchlist

Monday, January 28, 2013

Tuesday January 29th watchlist

Friday, January 25, 2013

6 Stocks to watch out for next week

Thursday, January 24, 2013

Friday January 25th watchlist

Wednesday, January 23, 2013

Thursday January 24th watchlist

Tuesday, January 22, 2013

Wednesday January 23rd watchlist

Saturday, January 19, 2013

7 Stocks to watch out for next week

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