AC Investor Blog: 05/01/2013

Stocks to Watch for May 31, 2013

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There is a potential bullish flag formation pattern developing on the daily chart of Yahoo! Inc. (NASDAQ:YHOO), with a upside potential to the $30 area. Buy only when it breaks the upper band with stop loss at 24.86

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OCZ Technology Group Inc. (NASDAQ:OCZ) could be in the early stages of a technical breakout. The stock finally closed above the EMA50 on heavy volume for the first time since March. Technicals are showing bullish signals supported by by rising MACD and RSI on the daily charts.

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Apple Inc. (NASDAQ:AAPL) Bullish day. Nice break from a short term consolidation. Watch for a follow-through day and be sure to set a stop just below the EMA50.

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Procera Networks Inc (NASDAQ:PKT) is getting ready to come out of a nice consolidation pattern. A close above $15 gets the party started.

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Sirius XM Radio Inc (NASDAQ:SIRI) Be careful at this point, because the MACD is about to cross below the signal line.

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3D Systems Corporation (NYSE:DDD) had a strong surge on big volume today. The stock is inching closer and closer to another breakout move. Buying momentum is still positive and strengthening. On watch.

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Cree, Inc. (NASDAQ:CREE) broke out to new highs on high volume. The short-term uptrend is intact and signals further bullishness on this stock. Buy the stock in dips with a stop-loss at $57.95

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: AAPL, CREE, DDD, OCZ, PKT, SIRI, YHOO

22:37 | Permalink |

Stocks to Watch for May 30, 2013

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KB Home (NYSE:KBH) The stock is testing a major support zone 50-day EMA and medium-term trend line support. Play the reaction. From a technical perspective, the daily technical indicators are showing bearish signs. The MACD is positive but falling below its signal line. The RSI is below its 50% level and the CMF is negative. The stock is trading well above its rising 200-day EMA, which is a good sign, but at this level strict stop losses must be maintained. Keep a close eye on KBH tomorrow !

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Procera Networks Inc (NASDAQ:PKT) Nice mover off of the 20-day EMA. Upside volume has been good lately and there is one level to watch in the near term for a breakout: 14.97 . The technical indicators are improving with increased accumulation. Keep PKT on your radar !!!

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Uranium Energy Corp. (NYSEMKT:UEC) has been in a strong upwards trend the past few days and looks ready to continue this move.

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UniPixel Inc (NASDAQ:UNXL) The stock closed below key support level of 19.53 EMA200 for the first time in over six months. This is something worth watching.

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3D Systems Corporation (NYSE:DDD) was one of the few winners today, as the stock closed up 78 cents on the day. Today’s high was $47.78, which is resistance for the follow through move. If it can break through this level, expect to see heavy volume drive the stock higher. I'll watch the stock closely on Thursday.

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A M Castle and Co (NYSE:CAS) Cup and Handle pattern formation in progress. 18.74 is the level to watch for a breakout.

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: CAS, DDD, KBH, PKT, UEC, UNXL

22:20 | Permalink |

Stocks to Watch for May 29, 2013

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ITT Educational Services, Inc. (NYSE:ESI) had a big drop today and broke down below the 200-day EMA on high-volume. On the daily chart, we have a bearish MACD crossover and a RSI that is trending lower. With the short-term trend reversing, I see the next major support at $20.45.

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Shares of Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) made a solid 7.7% rally on today's trading session, breaking out the downtrend line that has formed since February on heavy volume. The uptrend is strong based upon the MACD reading and the accumulation/distribution indicator marked an increase in accumulation. Look for a quick run to $9.57 then $10

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salesforce.com, inc. (NYSE:CRM) Watch the major support level of $40.84 (EMA200) and keep your stops there.

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LPL Financial Holdings Inc (NASDAQ:LPLA) made a nice upside reversal today. The technical chart suggests that stock might find now resistance at $38.12. Only a close above this level would suggest further upside.

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Rambus Inc. (NASDAQ:RMBS) shares closed above the 9-day EMA. If prices remain above this level, traders will assess this development as a sign of strength. From the technical analysis perspective, the outlook for the stock is relatively bullish. Stop-loss 7.24

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, CRM, ESI, LPLA, RMBS

23:13 | Permalink |

A few stocks to watch next week

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As of May 15th almost 36% of the float is short ( short interest increased to about 170.6 Million shares, compared with 164.6 Million shares as of April 30 ). Considering the stock has fallen since that date, its definitely safe to say there are many more shorts in this stock then 2 weeks ago, which begs to question, when they will cover ? They are betting on more downside, but at this point the probability of a short squeeze is very high. From a technical standpoint, the medium-term daily chart remains bullish, the stock is trading below its 20-day and 50-day EMAs but well above its rising 200-day EMA. The medium-term bull market is intact, despite being in a bear market in the short-term. Like I've said any major positive news could lead to a major short squeeze.

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Lululemon Athletica inc. (NASDAQ:LULU) I'm still holding my short position. The MACD, RSI, ADX and Stochastics are showing negative directions. As you can see on above chart the uptrend line was broken last week. The stock should test its 50-day EMA sometime next week.

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Facebook Inc (NASDAQ:FB) broke support with a sharp decline that began on Monday. Broken support turns into resistance around 24.80-25 and this is the first level to watch.

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Mercury Systems Inc (NASDAQ:MRCY) - Breakout watch above 9.50

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VirnetX Holding Corporation (NYSEMKT:VHC) Keep an eye on this one, if the stock price breaks above its 50-day EMA on heavy volume, then we will know the next major move up is likely.

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Things are now beginning to turn in favor of Bulls. VIVUS, Inc. (NASDAQ:VVUS) could breakout again at any moment ! Just look at the way it broke out of its 200-day EMA on strong volume. The trend is definitely your friend here. The MACD also confirms the recent jump and RSI shows that there is more upside to come. VVUS should be watched closely.

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: BBRY, FB, LULU, MRCY, VHC, VVUS

09:14 | Permalink |

Stocks to Watch for May 24, 2013

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Lululemon Athletica inc. (NASDAQ:LULU) Breaking down. Probably a good short here. Technical indicators show some concerns. The slow sto is falling from the overbought level and the MACD is in the positive zone, but has stopped rising and is below the signal line. On above chart, the negative divergence is quite apparent as the indicator MACD has failed to make a new high.

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VIVUS, Inc. (NASDAQ:VVUS) is very bullish with a lot of hot indicators showing up. The slope of the recent upward move is very steep accompanied by increasing volume. This momentum could push this stock much higher from here, so keep it on the radar.

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Amazon.com, Inc. (NASDAQ:AMZN) The fall on Wednesday had taken the stock below the 20-day EMA and today's near 0.5% drop meant the stock closed below the 50-day EMA for the first time in two weeks. This is generally considered an indication of a bearish trend.

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Aegerion Pharmaceuticals, Inc. (NASDAQ:AEGR) Nice price movement on solid volume. Next buy when clears 63.72 on heavy volume.

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Sanmina Corp (NASDAQ:SANM) Technical indicators turning bearish. The MACD just initiated a sharp bearish crossover and the RSI is about to cross below the 50 level.

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: AEGR, AMZN, LULU, SANM, VVUS

23:10 | Permalink |

Stocks to Watch for May 23, 2013

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Amazon.com, Inc. (NASDAQ:AMZN) The stock chart shows a reversal day pattern on very high volumes, with the stock price closing near the lows of the day slightly above the EMA50. Stronger volumes on down days remain a concern. The technical indicators are showing signs of bearishness. The 9-day EMA has turned down and the 50-day EMA has flattened. The RSI has crossed below the 50% level, with a bearish cross of the %K line below the %D. In addition, the DI- crossed above the DI+ which is a bearish cross.

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I'm watching a possible head and shoulders top formation in shares of LinkedIn Corp (NYSE:LNKD) on daily. Momentum indicators are supporting the bearish case. In addition, insiders have been selling off enormous amounts of stock recently.

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Priceline.com Inc (NASDAQ:PCLN) stock suffered a sell-off today and closed below the psychological level of $800. The technical indicators are also a concern. The slow sto is about to drop from the overbought zone, with a bearish cross of the %K below the %D and the MACD has started to drop, indicating further weakness is likely. Next major support lies at $745

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VIVUS, Inc. (NASDAQ:VVUS) good relative strength compared to the market today. Looks poised to break its EMA200.

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, LNKD, PCLN, VVUS

22:28 | Permalink |

Stocks to Watch for May 22, 2013

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Cell Therapeutics Inc (NASDAQ:CTIC) broke out a major resistance line today on heavy volume and I expect another strong move tomorrow. Today’s high was $1.43, which is resistance for the follow through move on Wednesday. If the stock does break resistance, expect to see another strong upside move. Looking at the technical chart there looks to be more room in this move, so watch the stock closely over the next few days.

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LinkedIn Corp (NYSE:LNKD) parabolic SAR and MFI are declining. The MACD is slightly positive but continues to fall, so my bias is down.

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Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) Strong volume last week. Looks ready to breakout this week. Keep an eye for a possible breakout over $14.24.

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OpenTable Inc (NASDAQ:OPEN) broke out of a cup with handle pattern today accompained by a strong volume suggesting higher levels. The technical daily chart still showing a bullish bias. KD line shows positive signs as %K line is rising on top over %D line and RSI continue moving up. I suspect the stock may continue to appreciate over the coming days.

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ITT Educational Services, Inc. (NYSE:ESI) I took a short position in the stock when it was at 28.21. Over the past 2 months, the stock has risen 150%. If we look at the chart, the stock has a strong resistance at around 28.85 and the rsi shows extreme overbought levels. I think that the stock looks overextended in the short term and a pullback is more than likely going to happen relatively soon.

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: CTIC, ESI, LNKD, MDRX, OPEN

22:18 | Permalink |

Stocks to Watch for May 21, 2013

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Research In Motion Ltd (NASDAQ:BBRY) The technical chart shows possibility of new rally as the stock bounced up after dropping back to EMA50. Further rebound is expected to test 15.55. If a break above this level occurs, price could eventually target the 16 region to the upside. Initial support is at 14.50, only a fall below this level accompanied by strong volumes will signal deeper decline to retest 14 level. The medium term trend is positive as the stock is trading above both 50-day and 200-day exponential moving averages.

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Alpha Natural Resources, Inc. (NYSE:ANR) Bullish engulfing bar here, more upside to come imo. Next buy when clears EMA50 on heavy volume.

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Facebook Inc (NASDAQ:FB) Closed below the EMA200 on high-volume. Looks ready to test the recent lows from the middle of April ! Avoid.

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Cliffs Natural Resources Inc (NYSE:CLF) Setting up to take out this resistance area to the upside. If it does so on high volume, one can go long with a tight stop at 19.9

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Baidu.com, Inc. (ADR) (NASDAQ:BIDU) closed above the EMA200 for the first time since January with heavy volume. We start to see now some signals of rebound as the technical chart shows positive momentum is back. In addition, the EMA20 recently crossed on top over EMA50 which is a very positive sign.

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Silver Wheaton Corp. (USA) (NYSE:SLW) Very strong bullish engulfing candle on daily. Possible bottom play, stop right below support.

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Kimberly Clark Corp (NYSE:KMB) Broke EMA20 support today. It should test the EMA50.

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, BBRY, BIDU, CLF, FB, KMB, SLW

22:34 | Permalink |

Stocks to Watch for May 20, 2013

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Cabot Oil & Gas Corporation (NYSE:COG) The stock price has been rangebound between 63 and 71 levels for almost three months now. The last decline did not test the lower end of this range, creating a higher bottom. On the technical daily chart, the Relative Strength Index (RSI) has taken support at 50 levels and turned up again. Similarly, the MACD has is turning up after sideways action in the bullish zone. I would not be surprised to see this range to be broken soon and the stock make new swing highs. Stop 63

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NVIDIA Corporation (NASDAQ:NVDA On dailly charts, the stock is trending higher within a steeper rising channel. With the recent stock price rise it has managed to cross and sustain above January'13 swing high of 13.10, which was a strong resistance level. The stock price is now trading above the 13-exponential moving average, which worked well in past during the rise/decline. At this point, with many of the technical indicators overbought, NVDA needs to rest, consolidate and then regain momo.

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LinkedIn Corp (NYSE:LNKD) From a technical standpoint i am a bit sceptical about this stock. It is still holding above the 50-exponential moving average, which is good, but the MACD still showing a negative divergence and CMF continues falling. Addionality, there is something to take note, the insider transactions. Since the begining of the month, the insiders have sold thousands of shares, more than 229.000 ( Check this out SEC FORM 4 ) Generally, when insiders sell shares especially in large amount it is a sign that "negative things" are coming or they think the company is overvalued (it's better to be cautious here imo).

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Facebook Inc (NASDAQ:FB) Holding the 200-exponential moving average, but if it fails look out below.

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Research In Motion Ltd (NASDAQ:BBRY) Broke the 50-exponential moving average on low volumes, but holding the 14.5 support area. This could encourage some short covering or attract fresh buying, since the main trend is up. I am still holding my long position. I love the high short interest in this one, mainly when the company is gaining traction. It seems almost everyone is shorting. Let's just wait and see what happens. Keep an eye on how it acts next week.

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Pandora Media Inc (NYSE:P) Indicators are turning down from higher levels. Look for a pullback to the next support at 15.21

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MFA Financial, Inc. (NYSE:MFA) extended its rally yesterday further and registered a recent high of 9.44. At this point, intraday bias is on the upside as long as the 9.28 minor support remains (9-exponential 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: BBRY, COG, FB, LNKD, MFA, NVDA, P

10:42 | Permalink |

AC Investor Blog

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

Thursday, May 30, 2013

Stocks to Watch for May 31, 2013

Wednesday, May 29, 2013

Stocks to Watch for May 30, 2013

Tuesday, May 28, 2013

Stocks to Watch for May 29, 2013

Saturday, May 25, 2013

A few stocks to watch next week

Thursday, May 23, 2013

Stocks to Watch for May 24, 2013

Wednesday, May 22, 2013

Stocks to Watch for May 23, 2013

Tuesday, May 21, 2013

Stocks to Watch for May 22, 2013

Monday, May 20, 2013

Stocks to Watch for May 21, 2013

Saturday, May 18, 2013

Stocks to Watch for May 20, 2013

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