AC Investor Blog: 06/01/2013

Stocks to Watch for July 01, 2013

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Let's start with DryShips Inc. (NASDAQ:DRYS) that had a very interesting move Friday on decent volume. The stock closed up 5.65% above major resistances at 1.81 and 1.85 on over 4.9 million shares traded. Five weeks ago, shares traded as high as 2.35 a share, which leaves plenty of upside at current price levels and investors started to take notice of that Friday. Look for a break of Friday's high at 1.89 to confirm another leg up in the stock. DRYS formed a Bullish Macd Crossover signal. The dry shipping stocks have been beaten down and could be ready to rebound. Keep it on close watch.

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Navios Maritime Holdings Inc. (NYSE:NM) Another dry shipper whose pattern is looking quite good here for higher prices. The buy/add point would be when it breaks over 5.70 on heavy volume.

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Pacira Pharmaceuticals Inc (NASDAQ:PCRX) has a large bull flag and it looks like it is getting ready to move. Next buy point when it clears 31 on volume.

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Molycorp Inc (NYSE:MCP) closed up just over 10% Friday on heavy volume after the U.S. Securities and Exchange Commission has completed an investigation against the company and has not recommended any enforcement action. Look for momentum to continue Monday. Technically the stock now shows positive sign as the stock is now trading above all major short-term exponential moving averages with CMF rising.

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: DRYS, MCP, NM, PCRX

20:55 | Permalink |

Stocks to Watch for June 28, 2013

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Hewlett-Packard Company (NYSE:HPQ) was able to find support on its 50-day EMA and the RSI confirmed such support. The Slow Sto gave a bullish cross of the %K above the %D line as they emerged out of the oversold zone. The current strength suggests more upside and watch for a break above 25.32 to test strong point at 25.87.

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On my swing long list. I think Interpublic Group of Companies Inc (NYSE:IPG) is about to breakout from this consolidation pattern. On the technical charts, the stock currently is trading just above its 13 & 20-day exp moving average lines with both lines providing an additional layer of support for stock. Additionally, the MACD seems to be forming a potentially bullish crossover. With good trading volume, IPG could be poised to trade higher to test its next level of resistence at 14.91. On watch.

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Some serious upside volume coming into CapitalSource, Inc. (NYSE:CSE) over the last few days. Looks like it is getting ready for a breakout soon. Stay tuned.

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Bank of America Corp (NYSE:BAC) has closed back over its 50-day EMA on decent volume, which is of course bullish. Above that it has the 20-day EMA and 13.25. Note that on this technical daily chart the RSI crossed over 50. Important to see how the stock acts over the next few days. A high volume move through the 13.25 price level would be buyable.

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: BAC, CSE, HPQ, IPG

22:10 | Permalink |

Stocks to Watch for June 27, 2013

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Yelp Inc (NYSE:YELP) Strong Breakout on heavy volume. Buyable on a pullback to the pivot. The technical chart shows a continuation of the trend with MACD and RSI in the Bullish areas. There is a good chance the stock will continue to move up.

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Regions Financial Corporation (NYSE:RF) Stalking as a potential swing long above 9.61 MACD crossed up signaling a buy. Lets see if tomorrow confirms the signal

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Research In Motion Ltd (NASDAQ:BBRY) is still consoladating within a symmetrical triangle. Eventually this pattern will be resolved Friday after the earnings report. However, all technical indicators appear to be setting up for a nice bullish move. The RSI crossed above 50 and +DI crossed above -DI indicating renewed buying pressure. MACD is about to cross the zero line, signifying even more upside being possible. The volume also was above average today and I'm hoping we will see a continuation tomorrow. Today’s high was $15, which is resistance for the follow through move. Note earnings 06/28

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Splunk Inc (NASDAQ:SPLK) is setting up nicely for a breakout, but I'd like to see a move above 47,21 on good volume before getting involved.

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Citi Trends, Inc. (NASDAQ:CTRN) On watchlist no trigger yet. Long above $14.36. The stock has very strong support at 13.50

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Wells Fargo & Co (NYSE:WFC) has become increasingly bullish and is currently consolidating in an attractive pattern. A move past $41.69 would be a strong indicator of a further uptrend in the stock.

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, CTRN, RF, SPLK, WFC, YELP

22:33 | Permalink |

Stocks to Watch for June 26, 2013

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Ebix Inc (NASDAQ:EBIX) remains extremely oversold and is gaining momentum. We have all seen how quickly the stock can head higher, when the buyers come. I believe the stock is ready to post a sizeable bounce and I do not see any resistance on the technical chart until $12. A stop loss should be placed below 9. Keep it on your radar this week.

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Research In Motion Ltd (NASDAQ:BBRY) closed back over the 50-day exp moving average, ending the day at $14.56 with decent volume. The immediate support level is now adjusted to $14.18 followed by $13.61 and the short-term resistance continues to be located at $15 followed by $16.2. Several indicators are giving buy signals.

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Pandora Media Inc (NYSE:P) seems in a good short-term bullish momentum. Key resistance is now located at $17.54, a break above this level will confirm the bullish trend, and the following uptrend will take price up to $19 zone. RSI is strong and headed up towards the 59 level, which is a sign of growing strength in the stock. Also, the MACD is giving a positive indication. On watch.

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This stock deserves some consideration as a bounce candidate. SolarCity Corp (NASDAQ:SCTY) has been holding up well over the 32.5 area for quite a while. Any close above the recent pivot high of 37.98 will reinstate bullish trend. On watch.

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Morgans Hotel Group Co. (NASDAQ:MHGC) Chart looks bullish. Keep an eye for a possible breakout over $8.05

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, EBIX, MHGC, P, SCTY

22:30 | Permalink |

Stocks to Watch for June 25, 2013

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Herbalife Ltd. (NYSE:HLF) shares closed sligthly below the 200-day exp moving average of $43.78. If the stock price remain below this level, traders will assess this development as a sign of weakness. The current support and resistance levels for HLF are $42.09 and $45.80 respectively. Technicals are displaying negative divergences.

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Caterpillar Inc. (NYSE:CAT) is still in a clear downtrend below all the major EMAs. The stock has a strong support at $80. If it falls below this level, then it can possibly go down to $75 area. Looking at the daily chart, the MACD still falling and no sign of reversal yet. Short term momentum indicators, such as RSI and Stochastics are oversold but have not yet showed technical signs of a recovery. The risk/reward ratio at this moment is not in favour of the bulls and fresh long positions must be avoided untill the stock shows clear signs of bottoming out.

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Novavax, Inc. (NASDAQ:NVAX) has held support at the 1.85 level and is displaying a screaming buy divergence on the upside. A close above 2.04 will impart bullishness and will help the stock move to the 2.17-2.25 area.

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Hercules Offshore, Inc. (NASDAQ:HERO) I was very impressed today with the strong bounce off the 200-day EMA in a weak market. We should be watching for a follow-through day to confirm that a new uptrend is under way.

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: CAT, HERO, HLF, NVAX

22:05 | Permalink |

Stocks to Watch for June 24, 2013

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VIVUS, Inc. (NASDAQ:VVUS) is in a bullish flag above its rising EMA50 after a steep 2-month up move and I’m watching 14.8 as the breakout point. It looks bullish and the technicals look like it. The RSI and OBV are looking good. If the stock breaks out of the flag, it should run up to the next target at 17.2.

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Shanda Games Limited (NASDAQ:GAME) is in a bullish flag, with possible share price acceleration above $4 resistance, with targets at around 4.20 and then 4.68

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Gevo, Inc. (NASDAQ:GEVO) In a small bullish pennant with resistance at around 2.30. The buy signal is the upside break of the top trend line. So keep an eye on this one.

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Rambus Inc. (NASDAQ:RMBS) has an interesting technical chart. After breaking hard in May, it formed a bull flag, broke out and is now in a pullback mode. Unless the level of 8.32 (EMA20) breaks on a closing basis, the price can retest the highs around 9.

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Hudson City Bancorp, Inc. (NASDAQ:HCBK) is in a bullish ascending triangle pattern putting pressure on the 8.75 level. A move above this key level resistance could break the stock out to all-time highs.

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Procera Networks Inc (NASDAQ:PKT) appears to be poised for a nice bounce off this bottom. It’s currently trading above its rising 50-day moving average. The Chaikin Money Flow positive may be an early sign of trend reversal. The company has been making headlines lately with some major announcements.

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: GAME, GEVO, HCBK, PKT, RMBS, VVUS

12:17 | Permalink |

Stocks to Watch for June 21, 2013

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LinkedIn Corp (NYSE:LNKD) In the daily, it looks like a bear flag formation and I am assuming more downside very soon. Also, note that the daily stochastic's gave a bearish crossover signal. The insiders have been very bearish about the stock with very heavy selling since May with total of almost 685K shares. Check this out : SEC Form 4

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Amazon.com, Inc. (NASDAQ:AMZN) Two distribution days in a row. Momentum indicators starting to turn down.

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Sodastream International Ltd (NASDAQ:SODA) still holding the breakout level, but daily chart is displaying negative divergences as noted above. If you're long, use the horizontal support line as your stop.

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Applied Materials, Inc. (NASDAQ:AMAT) Small Rising wedge broken to the downside. It should test the EMA50 in the coming days.

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Microsoft Corporation (NASDAQ:MSFT) Ugly candle on daily with solid volume. If it breaks below the EMA50 on heavy volume, the first price target would be the 32 dollar mark. Daily technical indicators are beginning to turn bearish. The MACD is below its signal line in positive territory and the RSI has slipped below its 50% level. Some more correction is likely imo

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: AMAT, AMZN, LNKD, MSFT, SODA

23:06 | Permalink |

Stocks to Watch for June 20, 2013

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VVUS surged 3.12% or 43 cents to $14.19 per share closing just one cent below its 200-day EMA on heavy volume. The daily chart shows possible new rally as %K line has crossed on top over %D line, while ROC is still at oversold level. If the stock continues to go up, the 50-day exponential moving average has a chance to break above 200-day exponential moving average to form the "Golden Cross". The recent insider transaction was bullish as the director acquired 15,000 shares worth 14.68 per share. On watch.

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Sensata Technologies Holding NV (ST) waiting for a break above the 36.02 level for a long position.

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YRC Worldwide, Inc. (NASDAQ:YRCW) should continue the move up tomorrow and attack the 25 level (52-week high). The medium term up-trend is in progress and is regaining momentum with daily MACD back above its Signal line. Stop loss 20.52

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Pandora Media Inc (NYSE:P) is still trading sideways in the short-term, between15 and 16. Its technical indicators are showing positive signal and the stock price is trading above the major EMA's, denoting the current positive tone, that may turn into a new uptrend soon. Expect an initial run up to 16.02 with a break higher moving to the 17.5 zone. Stop loss 14.68

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: P, ST, VVUS, YRCW

22:55 | Permalink |

Stocks to Watch for June 19, 2013

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This is a short term look at Research In Motion Ltd (NASDAQ:BBRY) chart :

- The stock closed again above its 50-day exp moving average. This is generally considered to an indication of a medium-term bullish trend.

- The Stochastic Oscillator is registering a bullish signal as the %K line is on top of %D line.

- The On Balance Volume indicator presently offers a bullish signal.

- The RSI is currently at 57% which indicates that the stock is trading in the bullish territory.

- The +DI line is above the -DI line and the ADX is below 20 and trending downward

- MACD is rising but below 0

- BBRY still trading in a Bull Market with share price above 20, 50 and 200-day exp moving averages.

Technically speaking the stock is painting a Bullish picture. There is a good chance the stock will continue to move up. If the stock can break through 15 level, we should see it move up to 16.16.

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Ford Motor Company (NYSE:F) is bullishly flagging just below the 16 level. The share price still trading above the 20-day exponential moving average, which worked well in past during the rise and decline. A long entry could be considered as it breaks over 16.09.

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Chart looks bullish. I'm watching Visteon Corp (NYSE:VC) closely for a breakout above 66.49, as the stock has been consolidating after the May run up and a break could continue the uptrend.

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The Middleby Corporation (NASDAQ:MIDD) Good looking chart. Sitting just under highs. Breakout watch over 171.63

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Raptor Pharmaceutical Corp. (NASDAQ:RPTP) flagging here. Looks like it wants to clear the 8 price level very 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: BBRY, F, MIDD, RPTP, VC

22:45 | Permalink |

Stocks to Watch for June 18, 2013

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Xerium Technologies, Inc. (NYSE:XRM) finally broke the consolidation on good volume. Look for more upside here. The chart above shows the stock is on a bull market as it is trading above both 50-day and 200-day exp moving average and the 50-day moving average is on top of 200-day moving average heading upwards. In addition, MACD shows a bullish crossover. For short term, as long as it is trading above its 20-day exp moving average, it's considered to be in the bullish mode technically.

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Ruckus Wireless Inc (NYSE:RKUS) Another good winner. Today, it hit a low of $10.62 before bouncing back to close at $10.59, up 8.5%. Keep on watch as the stock tries to break through its 13-day EMA resistance area around 11.76 to continue the short-term bullish scenario.

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Golden Minerals Co (NYSEMKT:AUMN) The stock saw a strong bounce on heavy volume today, bringing it up to the 50-day exp moving average after coming off a triple bottom.

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Advanced Micro Devices, Inc. (NYSE:AMD) needs to close above the 4.20 level on heavy volume to be a long play.

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Facebook Inc (NASDAQ:FB) There is short-term resistance looming at 24.29 (EMA20). A break above this level would leave 23.26 as a short-term bottom, creating room for strength towards Tuesday's high at 24.60. The MACD shows a positive divergence, suggesting a reversal in the short-term.

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: AMD, AUMN, FB, RKUS, XRM

22:27 | Permalink |

Stocks to Watch for June 17, 2013

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Avago Technologies Ltd (NASDAQ:AVGO) is nearing a key resistance level in the 38 area that has contained prices on three occasions in the last weeks. Considering the strong momentum this week on decent volume, I think AVGO looks set to break higher and rise above its 52 week high of 38.27. The support level is located at 36 followed by 35.62. Keep this stock in your radar list.

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GT Advanced Technologies Inc (NASDAQ:GTAT) broke major support today at 3.94, targeting the next major support in the 3.45-3.40 range. Technicals are bearish now.

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Citigroup Inc (NYSE:C) is approaching a key support level at the 50-day exp. moving average of 48.86. A breach of this important support level could lead to more downside. Technical indicators are turning bearish. The MACD is positive but falling below its signal line and the relative strength indicator has slipped below its 50% level.

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Yelp Inc (NYSE:YELP) broke resistance at 30 on volume slightly above average. All three EMA's are rising and the stock is trading above them. MACD is about to cross above signal line. The bulls are clearly regaining control. Watch the $32 as potential resistance.

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LinkedIn Corp (NYSE:LNKD) gave a pocket pivot buy point today, rising in higher volume. From a technical standpoint, technical indicators are beginning to turn bullish. The MACD has crossed above its signal line and the RSI has moved above its 50% level. Watch for a good follow through day next week.

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Bank of America Corp (NYSE:BAC) There is a possible small head and shoulders developing on daily, neckline 12.87. Price above 13.55 invalidates this pattern. Technical indicators are beginning to look bearish. The MACD has crossed below its signal line in positive territory and the RSI is slightly below its 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: AVGO, BAC, C, GTAT, LNKD, YELP

23:07 | Permalink |

AC Investor Blog

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

Saturday, June 29, 2013

Stocks to Watch for July 01, 2013

Thursday, June 27, 2013

Stocks to Watch for June 28, 2013

Wednesday, June 26, 2013

Stocks to Watch for June 27, 2013

Tuesday, June 25, 2013

Stocks to Watch for June 26, 2013

Monday, June 24, 2013

Stocks to Watch for June 25, 2013

Saturday, June 22, 2013

Stocks to Watch for June 24, 2013

Thursday, June 20, 2013

Stocks to Watch for June 21, 2013

Wednesday, June 19, 2013

Stocks to Watch for June 20, 2013

Tuesday, June 18, 2013

Stocks to Watch for June 19, 2013

Monday, June 17, 2013

Stocks to Watch for June 18, 2013

Friday, June 14, 2013

Stocks to Watch for June 17, 2013

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