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Saturday, October 05, 2013 

Stocks to Watch for October 07, 2013

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Arotech Corporation (NASDAQ:ARTX) spiked 14 cents, or 7.8% Friday to 1.93, breaking out of a base on good volume and could be ready to run again. A break of $2, which appears highly probable at this point will trigger a buy stop entry for a trade to the 2.1-2.24 area. Initial stop loss will be in the 1.75 area. The technical daily chart above shows the stock is back to rally as %K line is above %D line with MACD also back above signal line. The rising RSI should continue to carry the rally.

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The strong move in Barnes & Noble, Inc.(NYSE:BKS) shares was something that I tweeted early in Friday's morning. If you were following my twitter account you would have gotten the tweet when the stock was trading at 13.32. It ended the day at $14.41 trading more than 2.6M shares, well above its average volume. If you jumped in and booked your profits, congratulations!

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Gulf Resources, Inc. (NASDAQ:GURE) displayed some impressive relative strength with a 5.78% gain. The power of Friday's move suggests an upward breakout that could impulse GURE's stock to test the September highs at 2.06. MACD made a bullish crossover and AC/DT is increasing. This shows that investors are bullish on this stock.

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Facebook Inc (NASDAQ:FB) Series of higher lows. The stock is forming a bullish flag on daily chart which is usually the most bullish of consolidation patterns and may be ready to break soon. So, perhaps this is merely a pause in a strong uptrend IMHO. Breakout watch $51.60.

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Platinum Group Metals Limited (NYSEMKT:PLG) produced a strong bullish breakout with Friday's 15% gain. The stock broke out from a short-term downtrend channel pattern with a very large volume and closed near its recent highs. It's a buy on a break of 1.26 with solid volume. Stop 1.06. Technical indicators are also supporting the bulls. The MACD crossed above the signal line, RSI is moving up and above its 50% level. Keep on watch list.

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salesforce.com, inc. (NYSE:CRM) is building a nice flag, holding above 13-day EMA. Watching for 54.25 breakout.

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UniPixel Inc (NASDAQ:UNXL) is in the top of a short-term trading range. UNXL's technical's are looking up as we see only minor resistance at 20.8/83 and looks like this baby is poised for a strong BREAKOUT at any time now. Once the resistance of 20.83 breaks past we can see it hit the higher levels in minutes. With almost 45% of float short, this stock is a serious short squeeze candidate. MACD/RSI and CMF are all showing us something similar: uptrends. With the technical daily chart on the verge of a possible breakout, get UNXL on your radars.

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Brocade Communications Systems, Inc. (NASDAQ:BRCD) looks like is close to attempting a new breakout. I expect to see a high volume move once the stock breaks through resistance of 8.43, as traders are watching this stock closely.

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Ceres Inc (NASDAQ:CERE) pull-back in the last 3 days is due to profit taking and could be viewed as a good sign. Nothing should go straight up without a healthy-pullback. This small drop is helping clean up the technical chart for the next rally. The uptrend is intact and technicals remain strong with MACD above its signal line and in positive territory. CMF is also showing a positive momentum. I think the next move higher, will take CERE much closer to my short term target of $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

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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 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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