AC Investor Blog: 05/01/2014

Six trading ideas for next week

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Shares of Apollo Education Group Inc (NASDAQ:APOL) are in a bearish trading condition. The fall in the stock has been extended by the violation of its 200-day EMA at $27.75 and as long as the stock trades below this key daily moving average stay bearish, this bearish trading condition will prevail. The stock has a strong support in the level of 26, but any close below this level could start a new sell off. Indicators continue to look weak. The technical indicator MACD is in negative zone and below the signal line and the RSI is below the 50% level. Bears are in control.

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Juniper Networks, Inc. (NYSE:JNPR) Friday's big reversal on heavy volume, created a bearish engulfing candle on the daily chart. Look for a move to 23.81/23.55 and if it breaks watch out.

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Netflix, Inc. (NASDAQ:NFLX) The stock has gone up too much and too fast. The fundamentals of this company do not justify the current share price, in my honest opinion. It is currently trading with a P/E of 157. From a technical standpoint, the stock has touched a strong resistance zone on Friday and could head sideways to downwards next week. In addition, the RSI on daily chart has entered in the overbought territory, which means that the bias could be to the downside. The insiders have been bearish about the stock with very heavy selling since the start of the year.

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Trinity Industries Inc (NYSE:TRN) is another overextended stock that looks vulnerable to a sharp correction. On Friday, the stock gave the first signal of weakness, making a new year high but closing on the low on higher volume. Daily chart momentum oscillators are overbought with signs of bearish divergence, indicating that long positions should be avoided.

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Himax Technologies, Inc. (NASDAQ:HIMX) Technical daily chart looks really bad. Friday's drop was on heavy volume again and the stock closed near the major support. There is a good chance to see $5.50 or even much lower price if the stock price fails to hold this key support area in next few sessions.

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Nokia Corporation (NYSE:NOK) has been in a large bullish consolidation over the last seven months and appears ready for another breakout. Keep 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

Labels: APOL, HIMX, JNPR, NFLX, NOK, TRN

15:25 | Permalink |

Stocks to Watch for May 30, 2014

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Zynga Inc (NASDAQ:ZNGA) There are some signs of a possible bounce at this point due to oversold indicators and some positive divergences, which often leads to short covering. Let’s see whether the stock can gather enough momentum to break through $3.56 (20EMA).

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Shares of Microsoft Corporation (NASDAQ:MSFT) are starting to heat up again and are worth watching. If volume can pick up I believe this stock can break through resistance at $40.5 and re-test its recent highs around $41.37.

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Shares of Oracle Corporation (NYSE:ORCL) have been slowly gaining some traction amid light buying pressure the last few days. A break through the $42.35 level could accelerate it higher.

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Shares of Generex Biotechnology Corporation (OTC:GNBT) closed the day gaining more than five percentage points on solid volume. The stock has been on a down trend since it reached 52 weeks high of $.056 in January. Its technical chart show some bullish signals as KD is now going up and the MACD just crossed above the signal line. With this daily chart bull signal its very possible that we could see a continuation into tomorrow. The company announced last month that two abstracts in respect of results of the on-going Phase II study of a novel cancer vaccine designed to prevent relapse in patients who have had breast cancer will be presented at ASCO that will start tomorrow. The ASCO Meeting is the premier annual oncology symposium, bringing together more than 25,000 oncology professionals from a broad range of specialties. This penny stock should be on your radar tomorrow.

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: GNBT, MSFT, ORCL, ZNGA

22:43 | Permalink |

Stocks to Watch for May 29, 2014

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VirnetX Holding Corporation (NYSEMKT:VHC) looks poised for a break to the upside. A minor resistance is expected at 16.02 (100-day EMA) but if that resistance fails, the further gains towards $17.65 will be expected. Technical indicators are looking bullish. The RSI is moving up and above its 50 level. The daily MACD continues to trade in the positive zone and the CMF is also turning up, which means there is more money flowing into the stock. Overall my short-term view remains neutral till a decisive break above $16 takes place. This stock can pop big time on any positive news ( short squeeze candidate ).

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Windstream Holdings, Inc. (NASDAQ:WIN) hit another 52-week high today and looks to be giving another entry point.

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Trimble Navigation Limited (NASDAQ:TRMB) waiting for a break and close above the 100-day EMA now located 36.08 for a long position.

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Caterpillar Inc. (NYSE:CAT) is looking bearish in the short term and has a major support at $100 that needs to hold.

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BlackBerry Ltd (NASDAQ:BBRY) surged in the final hour of trading closing slightly higher. The real fireworks should begin if the stock price can close above $7.57. The accumulation line is starting to curl upward which should eventually lead to price increases. Keep it on your watch list going forward.

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VIVUS, Inc. (NASDAQ:VVUS) saw its shares surged almost 6% to $4.95 per share today after Aspen Investment group said it acquired a 9.65% stake in the company and may offer to buy an additional stake for $640 million. From a technical standpoint the 50-day EMA is not that far away and will represent a point of serious resistance. Ifthe stock price breaks this key level in the next sessions momentum traders are likely to send the stock up to $6. We also have bullish signal providing by both OBV and RSI as they are advancing strongly. Keep this stock on the radar like a HAWK !!

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, CAT, TRMB, VHC, VVUS, WIN

22:52 | Permalink |

Stocks to Watch for May 28, 2014

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Shares of Zynga Inc (NASDAQ:ZNGA) were up 3.96% today to 3.41$ recovering some of recent loses. It looks like it is starting to turn. The MACD is now showing a possible turnaround and confidence in stock improved significantly. Keep watching the stock over the next few trading days.

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Yelp Inc (NYSE:YELP) made a strong run in the last hour of the day, closing near highs on technical buying. The $65 level is a huge obstacle. If it can break through this area, buy the stock and watch it take off.

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Altria Group Inc (NYSE:MO) has been in a steady uptrend for the last four months and is now very near to break another resistance. Keep an eye on MO for a possible breakout over $40.99

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MELA Sciences Inc (NASDAQ:MELA) Looks ready for a bounce. The stock has been floating around this range 35/40c for several trading sessions in a row and I believe we could see a sharp move higher from here. Daily technical indicators are showing signs of turning around, with MACD curling up and RSI starting to turn up from deep oversold levels. In addition, it was reported today that an insider bought 87,500 shares at 38c, a clear sign of confidence and optimism. This stock is on High alert for Wednesday.

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Avis Budget Group Inc. (NASDAQ:CAR) broke out of a small consolidation range to make new 52-week highs. The stock hit a high of $57.58, which is resistance for Wednesday’s move. Keep a close eye on the stock for the follow through move.

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: CAR, MELA, MO, YELP, ZNGA

22:40 | Permalink |

Stocks to Watch for May 27, 2014

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Microvision, Inc. (NASDAQ:MVIS) finally broke up through a massive falling wedge formation on Friday accompanied by a strong volume expansion. Measuring the target of this falling wedge gives the possible target of about $1.37 from the trendline break, which means 3.09 as the main goal. The buy signal is strong and confirmed. Technicals have turned bullish signaling sideways to higher prices. The MACD is at the negative zone approaching to the zero level and the RSI continues to look healthy in bullish territory, well above the 50 line. Additionally, one insider bought 30.000 shares at an average price of $1.66 this month. All of this suggests a continued upward movement.

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Best Buy Co Inc (NYSE:BBY) has been basing since February, making higher lows and appears ready to break out to the upside. A break and close above $28 with power could open the door for higher prices.Let's keep an eye on it.

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Very bullish action on VirnetX Holding Corporation (NYSEMKT:VHC) last week. The stock made a very significant move on Friday, closing above its 50-day EMA which could be signs of a bottom here for the stock. Another good element is the volume which recently received two spikes showing some heavy buying. Other supporting technical indicators are MACD, RSI and ADX, all showing buy signal.

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ISISPharmaceuticals, Inc. (NASDAQ:ISIS) Although the stock price did not perform well this year, we start to see now some signals of rebound as the technical chart shows positive momentum is back. Nearest resistance for the stock is at $28.08. If this level is crossed and the stock is able to sustain above this level, then it might go to $32.

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American International Group Inc (NYSE:AIG) could breakout again at any moment. Next buy when clears 54.03 on heavy volume.

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Hertz Global Holdings, Inc. (NYSE:HTZ) is a potential breakout candidatenext week. The technical indicators are looking Bullish with MACD indicator rising above its sell signal line and the RSI indicator moving up from the 50% level. Breakout watch over 29.81

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: AIG, BBY, HTZ, ISIS, MVIS, VHC

16:10 | Permalink |

Stocks to Watch for May 23, 2014

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Sky-mobi Ltd (NASDAQ:MOBI) recently broke out of a falling wedge and today closed back above its 50-day exp moving average for the first time in five weeks. The stock is now trading above all the major EMAs and the MACD indicator indicates a potential upside. The price can move up to $8.35-$8.4 in the short-term.

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National Bank of Greece (NYSE:NBG) Possible bottom play here. I went long at 3.12 with a stop loss at 2.81

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Walgreen Company (NYSE:WAG) The stock price has been trading a very tight range for a few days right up at resistance. If it clears the key resistance level at 70.69 the move may be powerful.

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Starbucks Corporation (NASDAQ:SBUX) looks like this stock has a good chance to continue higher and a buy could be made as it moves over $72.29. If this happens, SBUX is a good play.

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The area comprehended between $8.6 and $8.73 represents a heavy resistance for shares of Opko Health Inc. (NYSE:OPK). A close above this area would have positive implications and could drive the stock much higher. Keep the stock on your radar.

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: MOBI, NBG, OPK, SBUX, WAG

22:38 | Permalink |

Stocks to Watch for May 22, 2014

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Rentech, Inc. (NASDAQ:RTK) broke through resistance at $2.37, but was not able to gather must momentum. Wait a clear confirmation. Technical indicators such as RSI and MACD show buy signal as RSI is rising in bullish territory and MACD is on top of signal line.

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Procera Networks Inc (NASDAQ:PKT) has been trading around its 20-day EMA in the last trading sessions and the stock appears to have successfully reversed its downtrend. PKT has some noticeable indicators suggesting that the stock is ready to make a move. The RSI indicator looks like it's on the edge of crossing back over 50% level and MACD is still showing a positive divergence. From the insider transactions, Directors of the company are very bullish as they have purchased total of 105,000 shares in the last weeks. In addition 77% of outstanding shares are held by institutional investors.

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Himax Technologies, Inc.(NASDAQ:HIMX) Today's move confirms that the bounce is still in play and far from over.

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Reynolds American, Inc. (NYSE:RAI) has been on fire the past few weeks, and looks ready to make another upside move. The stock broke out of a consolidation range as the stock closed up $2.51 on the day. Wednesday’s high was $60, which is resistance for Thursday’s continuation move. As long as the stock stay above the $56 area, the bullish scenario is still intact.

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Lithium Exploration Group Inc (OTCMKTS:LEXG) broke out from a sidewards movement with huge volume, creating a significant amount of bullish potential. On the technical side, MACD and ADX all point to upward trend while RSI is also rising but hasn't yet reached overbought level. The stock broke through its 100-day EMA and should continue to move. LEXG has a lot of upside potential, so watch it closely on Thursday.

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First Solar, Inc. (NASDAQ:FSLR) had a nice bounce today on decent volume and I expect more tomorrow.

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: FSLR, HIMX, LEXG, PKT, RAI, RTK

22:20 | Permalink |

Stocks to Watch for May 20, 2014

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InterDigital, Inc. (NASDAQ:IDCC) seems to be forming an ascending triangle with resistance at 35.72. A breakout could happen at any time as we are currently near the apex.

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North American Palladium Ltd (NYSEMKT:PAL) closed today at $.26 on solid volume, the stock was trading as high as $.96 back in January and it appears that a massive potential bounce could be imminent. The MACD indicator is displaying a positive divergence in this time frame. There was a steady increase in volume towards the end of the day, leading me to believe this company is starting to attract some serious attention. Stay tuned.

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Aruba Networks, Inc. (NASDAQ:ARUN) closed above major EMAs, including the 50-day EMA around 19.63. The RSI has just reversed off the 50% line and the MACD had a positive crossover. These two indicators along with the rising STO is signalling that smart money has started to re-enter the stock. The immediate resistance level is located at $20 followed by $20.46.

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I strongly believe that VirnetX Holding Corporation (NYSEMKT:VHC) is at the perfect price, where positive news could send this stock on a big run. Volume is starting to pick up again and there could be a decent short squeeze if it clears the 50EMA at 14.97. Shareholders may remain invested with a stop-loss at $13.

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Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) The stock rallied with the market today but the bounce stalled at 7.16, which is the top of the basing formation. Short-term technical indicators are improving and the MACD on the daily chart shows a possible bullish crossover. Right now, the stock looks like it could really get some momentum if it could get over 7.16. If the stock can break above this level, it's worth a trade. HIMX will move very quickly, so keep a very close eye on 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: ARUN, HIMX, IDCC, PAL, VHC

22:30 | Permalink |

Stocks to Watch for May 19, 2014

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Gogo Inc (NASDAQ:GOGO) saw its shares surged almost 5.5% to $13.68 per share on Friday after a report has shown that few insiders have bought a total of 190,000 shares last week. Generally, when insiders buy shares in large amount, it's a sign that positive things are coming. In addition, on Thursday it was reported that the Billionaire George Soros bought 350K shares. From a technical standpoint, the stock price has very strong bounce potential at current levels and has been in basing formation for the last couple of days. If the stock price can keep going up and break the resistance at $14.08 this could further confirm the uptrend. Given the high level of short interest, we could see a short squeeze happen in the next few days. The company has a very small Float (only 53MM shares) and moves very easily. You should watch this stock closely next week.

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Actuate Corp (NASDAQ:BIRT) broke out into the gap area with heavy volume and I expect a continuation of the move that started last week. The MACD is curling up and the accumulation line is moving higher. Will Continue to watch this stock. Nice gap to fill. Long setup.

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Pandora Media Inc (NYSE:P) starts showing buy signals again. However, after recent decline in share price, a good entry point will be only in a break of its 20-day exponential moving average at $24.53 on heavy volume.

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Apple Inc. (NASDAQ:AAPL) Looks ready to breakout next week. The stock has been consolidating in the 585-601 area for the last 3 weeks, and closed Friday near the top of the sideways channel. A break through that top, would lead to a next test of the 620 resistance area.

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Stillwater Mining Company (NYSE:SWC) jumped 69c or 4.42%, Friday to close at 16.29, slightly below its all-time high. The stock price could see acceleration toward the 16.65 area if a breakout above its all-time high occurs.

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Newfield Exploration Co. (NYSE:NFX) is in a strong bullish trend, having gained almost 50% since February. There is a high probability for a trend continuation in the next sessions, as the stock could test the key resistance level in the 34.60 area.

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Ball Corporation (NYSE:BLL) Watch this bull flag. Keep an eye for a possible breakout over 60.

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, BIRT, BLL, GOGO, NFX, P, SWC

08:58 | Permalink |

AC Investor Blog

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

Saturday, May 31, 2014

Six trading ideas for next week

Thursday, May 29, 2014

Stocks to Watch for May 30, 2014

Wednesday, May 28, 2014

Stocks to Watch for May 29, 2014

Tuesday, May 27, 2014

Stocks to Watch for May 28, 2014

Saturday, May 24, 2014

Stocks to Watch for May 27, 2014

Thursday, May 22, 2014

Stocks to Watch for May 23, 2014

Wednesday, May 21, 2014

Stocks to Watch for May 22, 2014

Monday, May 19, 2014

Stocks to Watch for May 20, 2014

Sunday, May 18, 2014

Stocks to Watch for May 19, 2014

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