Stocks to Watch for November 04, 2013
( click to enlarge )
Patterson-UTI Energy, Inc. (NASDAQ:PTEN) is approaching a breakout point at the 24.80 level, a break of which could accelerate the upmove. The technical indicators are bullish. The MACD is again above the signal line and trading upwards. The RSI and Slow stochastic are in the Bullish territory. All five EMAs on the chart are rising, and the stock price is rising above them. The bulls are in control. Stop 23.19
( click to enlarge )
Portland General Electric Company (NYSE:POR) shares ended higher by 2.82% at $29.51 on Friday. From a technical standpoint, it’s difficult to predict the short term trend as it's lying near to its critical resistance of $29.72. Only a close above this key resistance level would be a major bullish development and confirm the bullish sentiment.
( click to enlarge )
Commercial Metals Company (NYSE:CMC) Flagging here. The stock has a very strong resistance at $18.63 and breaking above could take it to new highs, without any further major resistance.
( click to enlarge )
DryShips Inc. (NASDAQ:DRYS) made a strong upside reversal Friday on good volume. The technical daily chart suggests that stock might find now resistance at $3.20. Only a close above this level would suggest further upside. I believe the stock is due for recovery as %K line has crossed on top over %D line and the MACD is curling up. The stock needs to close above this level in order to alleviate the negative near-term view.
( click to enlarge )
Seagate Technology PLC (NASDAQ:STX) is consolidating above breakout area. A move above 50.66 would confirm a break of the flag and continuation of the uptrend. The stock has a strong support at 47.4.
( click to enlarge )
AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO) still holding this biotech name. The stock seems to be undervalued at current levels IMHO with a strong balance sheet and no debt. The company has $3.04 per share in cash. From a technical standpoint, the stock is in a downtrend but the signals are mixed. AC/DT indicator is displaying a bullish divergence and Slow Stochastic is now oversold on a daily basis. Percentage of shares held by institutional and mutual fund owners is 71%, so I still think the stock has potential at this point. On watch.
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
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: AVEO, CMC, DRYS, POR, PTEN, STX
