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Saturday, May 11, 2013 

Stocks to Watch for May 13, 2013

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J.C. Penney Company, Inc. (NYSE:JCP) has recovered nicely from its April lows and can potentially set-up very well for a swing-trade, if the stock breaks through the resistance level at $17.78. There could be good upside in this trade, so watch this stock closely next week.

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Eagle Materials, Inc. (NYSE:EXP) is a candidate to be traded in breakout mode. The technical indicators are looking Bullish with MACD indicator rising above its sell signal line and RSI indicator moving up from the 50% level. Breakout watch above 72.19

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Zagg Inc (NASDAQ:ZAGG) is one for the bottom pickers. The stock entered within the gap area and a short term rally is expected. The RSI is bouncing off 30 and the Chaikin Money Flow is positive showing money is flowing into the stock. A reversal may be on the way.

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Friday was an amazing day for K12 Inc. (NYSE:LRN). With a combination of strong volume and a huge breakout, this pick truly was a great find :) The stock hit a high of $27.75, which is now resistance for Monday’s continuation move.

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Another possible bottom play to put on your watchlist is Central European Media Enterprises Ltd. (NASDAQ:CETV). The stock made a nice move on Friday bouncing off a bottom support around $2.60 cents. Looking at the technical chart, there are early signs in the indicators, that a larger move may be coming. Stop loss 2.58

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Apple Inc. (NASDAQ:AAPL) took a breather last week and traded between 450 and 463. The sideward movement is really good for a flag formation. Daily technical indicators are giving bullish signals. The MACD is rising above its signal line and inside positive territory. RSI is moving above its 50% level and CMF is positive. A pullback is healthy here. Support is currently at 438.74, resistance at 463 and 466.86.

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Research In Motion Ltd (NASDAQ:BBRY) The bears and the bulls are in a constant battle as most of the trading days last week were marked by positive/negative news. From a technical perspective, short-term technical indicators are strong and the RSI on the daily chart recently produced a new buy signal. Additionally, the stock is trading above 50-day and 200-day EMAs with both pointing upwards  If the stock can break Friday’s high of $15.68, we should see a strong follow through move. The short interest hit a new high last month and was around 34% of the float, which makes this stock the perfect play for a short squeeze. 

List of High Short Interest Stocks

BTH - Blyth, Inc.                              5.60 M   Short Percent of Float 81.75%
ESI - ITT Educational Services, Inc.   8.75 M   Short Percent of Float 59.87%
QCOR - Questcor Pharmaceuticals   27.1 M   Short Percent of Float 55.72%
USNA - USANA Health Sciences,     3,53 M   Short Percent of Float 53.87%
UNXL - Uni-Pixel Inc                         4.11 M   Short Percent of Float 52.31%
CSTR - Coinstar Inc                         12.4 M   Short Percent of Float 49.31%
WWAV - WhiteWave Foods Co         11.2 M   Short Percent of Float 49.06%
VRA - Vera Bradley, Inc.                   9.58 M   Short Percent of Float 44.25%
CALL - magicJack VocalTec Ltd        4.61 M   Short Percent of Float 43.23%
BRLI - Bio-Reference Laboratories     10.1 M   Short Percent of Float 41.24%
SODA - Sodastream International      6.99 M   Short Percent of Float 40.30%
GEVO - Gevo, Inc.                           8.31 M   Short Percent of Float 40.29%
AFFY - Affymax, Inc.                       12.92M   Short Percent of Float 39.51%
TSLA - Tesla Motors Inc                   27.5 M   Short Percent of Float 38.02%
VHC - VirnetX Holding Corporation     15.6 M   Short Percent of Float 36.98%
FIO - Fusion-IO, Inc.                       26.05 M   Short Percent of Float 30.18%

During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog  twitter and newsletter, so you can receive my trade ideas and stock news in real time.  

Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.

Thanks for visiting AC Investor Blog.


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About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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