AC Investor Blog: 08/01/2013

Stocks to Watch for September 3, 2013

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Zillow Inc (NASDAQ:Z) jumped 83 cents or 0.87%, Friday to close at 96.45, less than $2 below its all-time high and major resistance at 98.40. If the stock breaks its 52-week high in the coming days, we could see the stock reach $100 per share. As long as the stock stays above the support level of 80 and the rising 50-day EMA, the bullish trend remains intact.

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Tesla Motors Inc (NASDAQ:TSLA) jumped 2.94, or 1.77%, Friday to 169, breaking out of a bullish pennant formation on the 2H chart (As I mentioned on Twitter ). The stock hit a 52-week high of $173 on August 26th, but has pulled back the past few days. TSLA is setting up to make a move back to highs and I will be watching. The technical 2H chart shows very strong upward momentum as the stock is trading above all key exponential moving averages with positive technical indicators, such as an upward-trending A/D.

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Charles Schwab Corp (NYSE:SCHW) continues to show relative weakness. The stock rejected the 50-day exponential moving average on Friday at 21.27 and seems to be heading for support in the $20.3-20 zone.

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The stock has spent several days consolidating under resistance at $285. Now Amazon.com, Inc. (NASDAQ:AMZN) shares look headed for support near $270. From the technical chart, both MACD and RSI show bearish sign.

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The Wendy's Co (NASDAQ:WEN) has begun to correct after hitting new 2013 highs last week. Following that move, we can expect a pull back with short-term support at $7.5 and strong support in the $7.25-7.11 zone. I am not suggesting long positions at this time.

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The recent insider buying of 258,361 shares at 1.649 and 338,087 shares at 1.744 is a strong indication that "insiders" are now bullish about the company. If shares of Oncothyreon Inc (NASDAQ:ONTY) continue to get purchased by insiders in large amount, things could get very interesting. When insiders buy shares, it's a strong sign that positive things are coming. This is a company with a $99.22 million market cap. and 69.6 million in cash. From a technical standpoint, a solid base has been established around the 1.60-1.75 zone and I believe that the stock is poised to break through the 1.80 mark soon. I'm currently accumulating this stock.

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Rite Aid Corporation (NYSE:RAD) is still coiling just under $3.62 and appears about ready to make a new breakout soon. Hold the stock with a stop at $3.14 (EMA50)

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Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) The short-term uptrend continues and resistance at $6.25 is weakening. The MACD is about to make a bull cross.

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, HIMX, ONTY, RAD, SCHW, TSLA, WEN, Z

09:53 | Permalink |

Stocks to Watch for August 30, 2013

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EPAM Systems Inc (NYSE:EPAM) had a nice pop out of a three week flag today and the volume soured to 4.8 million shares which is big volume for this stock. It closed up $1.88 to 32.17, or 6%. It went up to resistance but backed off before the close. Let's see if the stock gets a follow through on Friday.

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Inteliquent Inc (NASDAQ:IQNT) Good long setup, if it takes out the 8.5-8.56 zone on volume.

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Tesla Motors Inc (NASDAQ:TSLA) From a technical standpoint, the stock has a fantastic long-term pattern but is starting to look exhausted at this point. Both the slow stochastic and the RSI are in their overbought zones, but both failed to reach new highs, printing a slightly negative divergence. A correction down to the 20-day EMA will not be a surprise for me.

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Oshkosh Corporation (NYSE:OSK) is in a bullish flag consolidation pattern. Next buy area is when it breaks 47.33 on heavy volume.

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Quicksilver Resources Inc (NYSE:KWK) is basing just under the 200-day exponential moving average. Watch to buy on a break above this major resistance 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: EPAM, IQNT, KWK, OSK, TSLA

22:17 | Permalink |

Stocks to Watch for August 29, 2013

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NXP Semiconductors NV (NASDAQ:NXPI) broke out of a small consolidation pattern that it has been in for a month and jumped $1.79 or 5.05%, today on higher-than-average volume. Today's strong action suggests that we could see continuation of the trend in the next couple of sessions. Short-term target range between 38.80 and 39.

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TiVo Inc. (NASDAQ:TIVO) today jumped 61 cents or 5.56%, after reported fiscal Q2 earnings that shattered analyst forecasts and issued upbeat Q3 revenue guidance. The stock closed at 11.58, just slightly below its major resistance level of 11.88, which is highly possible to be broken IMO

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Zale Corporation (NYSE:ZLC) jumped $2.67 or 29.80% today, breaking key resistance at 10.49 as well 3 months of consolidation. The stock closed at $11.63, the highest close in more than 4 years. At this point, it would be preferable to wait for a slightly pullback to get long.

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LyondellBasell Industries NV (NYSE:LYB) After a nice rally from mid-April to July, in which the stock was up 30%, the stock has been consolidated for the last two months in an ascending triangle formation, whose top line in the 71.3 area. If a breakout above this resistance level occurs, we could see the stock price next reach the 78-79 area.

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Looking at the technical chart above, the stock is clearly in downtrend as it continues to trade below the major moving averages. There are no signs of a recovery in stock price. At the present moment, there is a risk of a drop. Stop-loss for long positions may be placed at 6.64. On the upside, a close above 7.16 would impart bullish momentum.

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Key Energy Services, Inc. (NYSE:KEG) appears ready for a breakout above key resistance at 7.20 area. If breakout above the 200-day exponential moving average occurs, I expect to see the KEG move toward the 7.5-7.8 area.

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, KEG, LYB, NXPI, TIVO, ZLC

22:20 | Permalink |

Stocks to Watch for August 28, 2013

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Las Vegas Sands Corp. (NYSE:LVS) broke down today below its rising 50-day exponential moving average, accompanied by strong volume. With the short-term trend reversing, I see the next key level of support at $52.9. The technical chart shows a bearish tone for stock with MACD and RSI showing weak signal as MACD is below its signal line and RSI dropping below 50% level.

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Bearish technical outlook resulting from the breakdown of the 50-day exponential moving average at 21.3. The stock outlook has deteriorated significantly over the past week. Charles Schwab Corp (NYSE:SCHW) shares are likely to drift lower to test its immediate support at 20. If that support failed, it will test the next support at 19.47

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Amazon.com, Inc. (NASDAQ:AMZN) broke down on volume higher than Monday's level. Look for this to test the 200-day exponential moving average.

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Metlife Inc (NYSE:MET) This is a broken chart IMHO. Looks good for lower prices.

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Popular Inc (NASDAQ:BPOP) looks done as well. Next short area is when it breaks this support.

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, BPOP, LVS, MET, SCHW

22:28 | Permalink |

Stocks to Watch for August 27, 2013

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M&T Bank Corporation (NYSE:MTB)is in a flag formation off its up move since June. The 119.5 area has contained the move on 3 occasions in the last 2 months. An ideal buy point would be just above the resistance of 119.54, which would confirm the breakout and continuation of the uptrend towards a target of 123-123.5.

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3D Systems Corporation (NYSE:DDD) today broke above the resistance line of a symmetrical triangle pattern on a move up $3.46 cents to 51.90. The stock traded heavy volume as it hit a high of $54.08. This high is resistance for Tuesday’s continuation move.

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Eldorado Gold Corp (NYSE:EGO) is threatening to break through the 9.5 resistance level which would be a very bullish sign. The stock has been strong over the past weeks, so watch it closely the next few trading sessions.

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International Game Technology (NYSE:IGT) broke out of a small trading range and could continue on Tuesday. The stock hit a high of $19,64, which is resistance for Tuesday’s follow through move. If the stock breaks resistance, expect to see heavy volume move the stock higher. Keep a close eye on IGT as it can be a fast moving stock.

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Oncothyreon Inc (NASDAQ:ONTY) appears to have run out of sellers at current levels. There are some signs that the stock is gaining some momentum in recent days. The technical chart shows some positive divergences on MACD and CMF. A close above $1.77 would confirm the positive outlook and could push the stock to the target zone of $2. Keep an eye on ONTY and be prepared for this upcoming move.

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BioCryst Pharmaceuticals, Inc. (NASDAQ:BCRX) finally broke the major resistance, hitting a new 52-week high. Today’s high of $7,41 is resistance for the continuation move. At this stage, the stock is a bit extended short-term for additional positions and is in the overbought zone. I really like the chart but at this level I would wait for a pull back to around 6.47-6.53 before putting any cash to work. Keep the stock on your radar.

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Novavax, Inc. (NASDAQ:NVAX) broke out on huge volume. The stock closed up $.16 today and looks poised to make another move on Tuesday. If NVAX breaks through today’s high of $3.12, I am a buyer of the stock. The technical chart above shows the stock is on a strong bull market as the stock is trading above 50-day and 200-day moving with both moving averages pointing upwards. I will watch the stock closely on Tuesday and buy once it breaks through resistance.

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: BCRX, DDD, EGO, IGT, MTB, NVAX, ONTY

22:51 | Permalink |

Stocks to Watch for August 26, 2013

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James River Coal Company (NASDAQ:JRCC) broke out on Friday from a symmetrical triangle accompanied with high volume. Based on the volume and spread alone, this is a "buy". However, next week you should observe if this bullishness is supported by further white candles with heavy volumes. The target price of this break out is at 2.60.

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Apple Inc. (NASDAQ:AAPL) The stock moved sideways this week, using $500 as support, which possibly indicates that the recent upward momentum is starting to lose some strength. Looking at the MACD and RSI, these major technical indicators have created a lower high , which means a negative divergence is happening and that the stock may start to move down anytime in the very near future. On the other hand, any break above 513.74 would signal a larger move to perhaps 525.

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Goldman Sachs Group Inc (NYSE:GS) still appears to be headed lower after closing the week below its major short-term moving averages. The daily indicators also suggest that further weakness lies ahead for the stock. The immediate support lies 156.51, if this is taken out then we could see further weakness back towards 150 and possibly even to the June lows at 148.71.

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Chesapeake Energy Corporation (NYSE:CHK) finally broke out of the flag formation today and may be headed higher from here.

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Gevo, Inc. (NASDAQ:GEVO) made a strong move higher today with good volume. The stock closed near its high of the day as well which is positive. I Need to see further upside confirmation before adding to current position.

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Ciena Corporation (NASDAQ:CIEN) The stock struggled to stay above its 50-day EMA at 20.95 and closed the week below it for the first time since May, which is a bearish signal and may push the price further down. The immediate support lies at 20.49 and below at 19. The resistance will be seen at 21.29 and 21.64. The AD line is decreasing, indicating money is flowing out of 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: AAPL, CHK, CIEN, GEVO, GS, JRCC

23:14 | Permalink |

Stocks to Watch for August 23, 2013

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Amarin Corporation plc (NASDAQ:AMRN) seems to have a bullish flag on it, which usually leads to higher prices. Buy point is when the stock price moves out of the flag at the 62.50 to 62.60 area with an increase in volume. CMF is now positive.

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Nice reversal in Himax Technologies, Inc. (NASDAQ:HIMX) closing slightly above its 50-day EMA. Watch the action and volume on Friday, if the stock price can get above the 20-day EMA at 6.28 and hold it could make a decent move higher.

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Continue to watch Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) and how it acts off this triple bottom. Daily MACD and RSI showing positive divergences. It may be forming here a small base to move higher. If the stock price gets back above the 50-day EMA it could be a good long. On watch.

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NQ Mobile Inc (NYSE:NQ) All the major technicals are showing negative divergences and a loss of momentum. Needs to break this short term trendline if it wants to make new highs.

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Air Methods Corp (NASDAQ:AIRM) is holding up well, health consolidation here, one can buy when the stock price breaks out of this on heavy volume.

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: AIRM, AMRN, ARNA, HIMX, NQ

23:01 | Permalink |

Stocks to Watch for August 22, 2013

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Las Vegas Sands Corp. (NYSE:LVS) needs to break LT upside resistance at 57.52 to confirm a base in place. Technically, the stock is in a bull market and showing signs of wanting to move higher. All of the three major short-term EMAs have started moving up and the stock still trading above its 50-day EMA. Despite the positive divergences, some technical indicators are looking weak. The slow stochastic is below the 50% level and the MACD is positive but below its signal line. As long as the stock holds above the 50-day EMA, move up to 58 or 60 is possible.

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Chesapeake Energy Corporation (NYSE:CHK) is in a bullish flag off its July rally. The stock has gained almost 35% since the April lows and appears poised to resume the uptrend. If you are not already in wait for the break above 25.64

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JinkoSolar Holding Co., Ltd. (NYSE:JKS) is approaching a key resistance level at 15. A break of this psychological level could accelerate the stock price.

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Amarin Corporation plc (NASDAQ:AMRN) has been flagging in the last four sessions after a huge upmove earlier this month from the 5.13 to 6.25 area. The good news for the bulls here is that the technical daily indicators are looking bullish. The MACD is positive and above its rising signal line. The relative strength index (RSI) is above its 50% level, now at 56 but appears reluctant to move higher from here. Next buy area is when the stock clears 6.2 on volume.

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Amazon.com, Inc. (NASDAQ:AMZN) closed below a key support level at 285 on daily charts. Downside risk now at 269 and then more aggressive targets located at 250. Major technical indicators continue to deteriorate supporting a move to lower prices.

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Facebook Inc (NASDAQ:FB) has been consolidating over the past three-weeks after showing a strong gain of over 22% in July. Moreover, during this small consolidation phase, it has made a bullish pattern with lower bottoms. Once, FB crosses $39.32 the stock price has potential to go up to $40 immediately.

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, AMZN, CHK, FB, JKS, LVS

22:49 | Permalink |

Stocks to Watch for August 21, 2013

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Goodrich Petroleum Corporation (NYSE:GDP) made a strong upside reversal today. The technical chart above suggests that stock might find now resistance at $23.25. Only a close above this level would suggest further upside. The bias still bullish in nearest term. Fresh buying may be considered on a move past $23.25, with a stop-loss at $21.34 (9EMA).

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Procera Networks Inc (NASDAQ:PKT) was recomended today by financial analysts at Northland Securities. They recommend buying the stock based on expectations for a rise in gross margins and new partnerships that support revenue growth targets. Shares are Outperform rated with a $21 price target. Technically speaking the stock made a nice bullish hammer candlestick, so in my humble opinion it could be a good entry point to start a long position. In addition, the stock remains in very oversold conditions.

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Assured Guaranty Ltd. (NYSE:AGO) showed more signs of strength on today's session, as the stock closed up $.29 on the day. The stock has strong resistance around $9.50, and breaking above could take the stock to $10 in a very short time frame.

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AngloGold Ashanti Limited (NYSE:AU) On my watch list for tomorrow. Nice clean bounce off the 13-day EMA today. It will interesting to see if it can break 15.12

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If the weakness continues and Zynga Inc (NASDAQ:ZNGA) breaks the support at $2.7, there will be a good chance that the stock will test the next key support at $2.5. Technically, there is nothing positive about the technical chart. All other indicators still point to a bear market.

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Barrick Gold Corporation (NYSE:ABX) remains in a short up trend. Further rise to test 22 resistance is still possible, and a break of 20.25 will confirm such case. Initial support is at 18.69. Most of the technical indicators are pointing towards some more upside in the coming sessions.

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: ABX, AU, EGO, GDP, PKT, ZNGA

22:40 | Permalink |

AC Investor Blog

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

Saturday, August 31, 2013

Stocks to Watch for September 3, 2013

Thursday, August 29, 2013

Stocks to Watch for August 30, 2013

Wednesday, August 28, 2013

Stocks to Watch for August 29, 2013

Tuesday, August 27, 2013

Stocks to Watch for August 28, 2013

Monday, August 26, 2013

Stocks to Watch for August 27, 2013

Friday, August 23, 2013

Stocks to Watch for August 26, 2013

Thursday, August 22, 2013

Stocks to Watch for August 23, 2013

Wednesday, August 21, 2013

Stocks to Watch for August 22, 2013

Tuesday, August 20, 2013

Stocks to Watch for August 21, 2013

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