AC Investor Blog: 07/01/2014

5 Chart set-ups to watch next week

Dearest Readers,

First of all, I would like to thank everyone who takes the time to visit AC Investor Blog. By the time you read this, I will be on vacation and will not be back until August 10th. Enjoy my blog and when I return I will have more trade Ideas to post.

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Netflix, Inc. (NASDAQ:NFLX) The stock closed lower for the week and below the 50-day EMA. The volumes on down days continue to be higher. The 20-day EMA is declining and the stock is well below it, so the medium-term bull market is under threat. Additionally, all technical indicators are looking bearish. The MACD indicator has entered the negative zone and the RSI has dropped to the oversold zone. If the history repeats itself, I believe a sell-off could happen again. Take a look at the coincidences of the chart.

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Amazon (NASDAQ:AMZN) declined sharply on Friday after the company issued Q2 earnings that missed analyst forecasts. From a technical standpoint, the rising channel has been broken to the downside on massive volume, suggesting the start of a new down phase. All indicators turned around quickly from bullish to bearish. Long positions should be avoided at this stage IMO.

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J C Penney Company Inc (NYSE:JCP) continued its bullish on Friday. The stock price is inching closer and closer to another breakout move. Buying momentum is still positive and strengthening. 9.43 is the level to watch for a breakout.

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Goldcorp Inc. (NYSE:GG) Strong Bullish engulfing bar Friday on decent volume. Worth keeping an eye on. Next resistance is now seen at 29.04 then 29.34. On watch.

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Symantec Corporation (NASDAQ:SYMC) has the perfect set up to make a nice run here. The break out point would be at 23.92.

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, GG, JCP, NFLX, SYMC

19:58 | Permalink |

Stocks to Watch for July 25, 2014

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Ceres Inc (NASDAQ:CERE) has been trading with a consistent rise of interest this month and the CMF has been getting stronger by the day. The CMF indicator shows rising buying pressure during the last 3 weeks. CERE's 71c level looks to be the new solid base setup and looks poised to breakout soon. I'm looking at a potential 30 to 40% gainer short term. The company has a strong cash position (63c ps ). Keep it on your radar screen because the technical chart looks very bullish to me and looks in the verge of a breakout.

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BlackBerry Ltd (NASDAQ:BBRY) had a strong bullish momentum on Thursday after some takeover rumors that Samsung could be interested in acquiring BlackBerry. The Financial Times also reported that company is looking to partnerships to compete with Apple and IBM venture. Early this morning in an interview with Romit Guha of "Economic Times" the CEO John Chen said that the new device Z3 has been extremely well received in India & Indonesia, and he continues to see strong demand for the device. In addition, Chen said that the BlackBerry Enterprise Service 10 (BES10) has seen more than 1,000 installations in India. From a technical stanpoint, we saw a strong bounce yesterday with a 5.60 percent rally accompanied by strong volume, suggesting that the bounce will continue today. The bias was downward, but with yesterday's rally that has shifted to neutral. The higher short interest ( 19% or 92M ) could also provide a near-term catalyst, if the stock begins to rise. We could see further upside over Thursday’s highs. A close above $10.5 would have positive implications and could push the stock to the 11-11.5 range.

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Caterpillar Inc. (NYSE:CAT) broke out to the downside of a rising wedge chart pattern on the daily. I expect more selling pressure and a move down to test the recent $100 lows would likely be next.

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Corning Incorporated (NYSE:GLW) is coming up to a possible breakout. Watching for it to break above $22.37

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Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) May have put in a short term bottom. Watch EMA50 at 4.94 breakout and possible get above 5. Stop 4.72. Daily MACD showing signs of a stabilization.

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Apple Inc. (NASDAQ:AAPL) could be flagging here, watch for above average volume. I'm stalking this stock to see if it clears 97.88

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Netflix, Inc. (NASDAQ:NFLX) closed slightly below the 50-day EMA on Thursday for the first time since May. My outlook remains bearish in nearest term testing $400 as a part of the bearish scenario since formed the false breakout around 475.

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, ARNA, BBRY, CAT, CERE, GLW, NFLX

10:29 | Permalink |

Stocks to Watch for July 24, 2014

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Wal-Mart Stores, Inc. (NYSE:WMT) had a slightly bullish day today, closing with a gain of 35 cents to $76.99. The stock price is still in a short period of consolidation, moving sideways since 3 weeks ago. The bias remains bullish in short-term testing 77.57-77.76 resistance area.

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Netflix, Inc. (NASDAQ:NFLX) continued its bearish momentum today, closing the day near the key support of 425.45. My technical outlook remains bearish. A clear break and close below that area could trigger further bearish pullback testing 400.

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SanDisk Corporation (NASDAQ:SNDK) is still showing relative weakness. I think the stock is forming here a bear flag pattern on daily and then it will collapse to 90.

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What a rally for Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) late in the day. I have to believe that this rally will resume in earnest tomorrow. I feel a rally to $6 and better is in the cards short term. Stop 5.52 9EMA

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Jamba, Inc. (NASDAQ:JMBA) That is a good looking chart. It's a buy on a daily close above 12.44. Stop loss 11.92

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Baxano Surgical Inc(NASDAQ:BAXS) Technical indicators are displaying positive divergences and I think we could see a strong reversal over the coming days. The stock price sits right at its 52-week low and has fallen from over $1.70 a share to the current $.50 price. Today's heavy volume could be signaling a temporary bottom.

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: ARIA, BAXS, JMBA, NFLX, SNDK, WMT

22:42 | Permalink |

Stocks to Watch for July 22, 2014

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Kandi Technologies Group Inc (NASDAQ:KNDI) continues to show strength as the stock closed up $1.98 on Monday. 22.40 looks to be the next break out area. As long as the stock holds gains above 20, the upside will remain under pressure.

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The chart of Gulf Resources, Inc. (NASDAQ:GURE) caught my eye today. On the above technical chart, we can quickly see that the stock is forming a symmetrical triangle waiting to be broken. A breakout from the upper trend line of the triangle (2.15 levels) can trigger a sharp upside move towards 2.35. With MACD now above zero and A/D indicator showing steady accumulation, a major rally is probably coming.

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The money seems to be flowing into XG Technology Inc (NASDAQ:XGTI) as indicated by the OBV. With no resistance between $2.35 and $3, a break above the $2.39 level (Monday's high) can see the stock trade in the $3 area pretty soon. Have this on your watchlist.

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Alcoa Inc (NYSE:AA) still holding within the bull flag. A break above 16.71 on heavy volume would be the next buy point.

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Herbalife Ltd.(NYSE:HLF) Ugly technical chart. Next major supports are witnessing at 51.38 and 49.35.

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: AA, GURE, HLF, KNDI, XGTI

22:38 | Permalink |

Stocks to Watch for July 21, 2014

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Infoblox Inc (NYSE:BLOX) formed a Bullish Engulfing candlestick pattern on Friday, which is a bullish candlestick. As I've mentioned on Twitter, call options were very active, particularly the January calls with strike prices significantly above the current market. For the short term the stock should still continue to go up. A close above $12.70 would have positive implications and could push the stock to the 13.47-14 range. With technical indicators showing positive divergences and options traders buying calls, we might see some nice bounces from current level.

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SanDisk Corporation (NASDAQ:SNDK) The post-earnings selloff led to Sandisk stock breaking a three-month uptrend in a day by a good amount of selling. Technicals are indicating bearish trend. We might retest support at 100-day EMA in the next few days.

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Plug Power Inc (NASDAQ:PLUG) surged in the final hour of trading Friday and closed back over $5. The real fireworks should begin if the stock price can close above $5.25. As long as the stock can remain above its 50-day EMA, I like the stock.

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RF Micro Devices, Inc. (NASDAQ:RFMD) broke to a new 52 week high Friday. The volume was what we want to see when a stock breaks resistance. Let the 50-day EMA (yellow line) be your guide.

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Vipshop Holdings Ltd (NYSE:VIPS) The break of the key resistance line with heavy volume should be the next buy point. Daily technical indicators are bullish.

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Shire PLC (NASDAQ:SHPG) remains very strong. She's extended but no one seems to care. I would wait for a little more consolidation before jumping in, but it looks like SHPG is a stock to keep an eye on for awhile. So, I will be watching her carefully for any possible opportunities.

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: BLOX, PLUG, RFMD, SHPG, SNDK, VIPS

16:47 | Permalink |

Stocks to Watch for July 18, 2014

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Medivation Inc (NASDAQ:MDVN) An aggressive trader may want to short this stock here. The fall in the stock has been extended by the violation of the support line at $73.79 and as long as the stock price trades below this key moving average, the bearish trend will prevail. The next key support level is located at $67.32.

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The stock outlook has deteriorated significantly over the past sessions. Shares of InterDigital, Inc. (NASDAQ:IDCC) are likely to drift lower to test its immediate support line at 43.47. If that support failed, it will test the next support at 39.80.

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Juniper Networks, Inc. (NYSE:JNPR) The stock is on the verge of a potential breakdown. Medium-term indicators remain pointing down.

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Adobe Systems Incorporated (NASDAQ:ADBE) shares closed on Thursday below the 20-day exponential moving average for the first time since May. It could easily be sent down to its support around 69. From the technical chart, both MACD and RSI show bearish signs. In the short term, I see no reason to buy the stock. Only a close above $74 would impart positive momentum.

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Amkor Technology, Inc. (NASDAQ:AMKR) if the stock breaks the support of 10.38 then next support level is seen around 9.16

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: ADBE, AMKR, IDCC, JNPR, MDVN

23:05 | Permalink |

Stocks to Watch for July 16, 2014

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Aviat Networks Inc (NASDAQ:AVNW) had a nice move today on above average volume and I expect to see a continuation move tomorrow. With the 100-day EMA sitting close to $1.42 and the 200-day EMA over $1.70, this stock has a lot of room to run on any rally. The technical indicators are reversing up and are advocating for a technical rebound.

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New York Community Bancorp, Inc. (NYSE:NYCB) Hitting resistance at key level. Play the reaction if no position.

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Microvision, Inc. (NASDAQ:MVIS) attempted to breakout but did not succeed. A breakout from this sideways zone will give an excellent opportunity for traders to pick up long positions. However, as long as the stock price still in this area, the bias remains neutral in short-term.

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United Parcel Service, Inc. (NYSE:UPS) broke out on Tuesday and made a new 52-week high of $104.37. I'm keeping UPS on the list for the continuation move.

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Honeywell International Inc. (NYSE:HON) Setting up nicely for new highs. The technical chart shows a continuation of the trend with MACD and RSI in the Bullish areas. Breakout watch over 96.49

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: AVNW, HON, MVIS, NYCB, UPS

22:47 | Permalink |

Stocks to Watch for July 15, 2014

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NII Holdings Inc (NASDAQ:NIHD) today broke above the key resistance line of this sideways pattern on a move up 13 cents to 82c. A move above 83c would confirm the breakout with the next target of 1.15 and then 1.30. From a technical standpoint indicators are looking bullish. The MACD indicator is above the signal line and is now rising in positive territory. The Slow stochastic and RSI are well inside their Bullish regions. A stop loss should be placeed at 65c.

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Glu Mobile Inc. (NASDAQ:GLUU) We had a nice continuation move today.

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AOL, Inc. (NYSE:AOL) 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. Stay tuned.

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ParkerVision, Inc. (NASDAQ:PRKR) remains oversold and is gaining momentum. We have all seen how quickly this stock can head higher, when the buyers come. I believe it is ready to post a nice bounce and I do not see any resistance on the technical chart until $1.54. A stop loss should be placed below 1.20

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Companhia Energetica Minas Gerais (NYSE:CIG) Chart looks bullish. Keep an eye for a possible breakout over $8.27

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Advanced Micro Devices, Inc. (NYSE:AMD) is nearing a key resistance level in the 4.65 area. Considering the strong momentum today, I think the stock looks set to break higher on Tuesday. Keep this stock in your radar list.

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, AOL, CIG, GLUU, NIHD, PRKR

22:34 | Permalink |

Stocks to Watch for July 14, 2014

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BlackBerry Ltd (NASDAQ:BBRY) has been in a beautiful uptrend move since beginning of June. Considering the strong momentum in the past weeks the stock price looks set to break higher and rise above its 52-week high of 12.18. Looking at the long-time frame, the chart reveals a Head and Shoulders bottom pattern with a medium term price objective of $18.

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Facebook Inc (NASDAQ:FB) broke out of its rising wedge (typically a bearish pattern) to the downside last week. As a result, I remain cautious on the stock, even after Friday's rally. Only a break of the $68.44 level will clarify the technical picture.

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Glu Mobile Inc. (NASDAQ:GLUU) broke out to new 52-week highs Friday. The stock which has doubled since November of last year is positioned for more upside. As long as the stock price stays above $5.66 area, the bullish scenario is still intact.

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Neurometrix Inc (NASDAQ:NURO) found support near 2.10 which coincides with the EMA100. I believe shares have room for a significant uptick beyond these levels after this healthy pullback.

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GoPro Inc (NASDAQ:GPRO) If the downtrend continues on Monday the stock will take support at 38 and then at 37.83. An upward reversal from this area can take the stock higher to 39.92 EMA9 and then to 40.32 EMA13 in the short-term. The daily relative strength index has entered in the oversold zone, so small bounce can be expect at current levels, but not garanteed (30m chart).

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, FB, GLUU, GPRO, NURO

12:36 | Permalink |

AC Investor Blog

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

Saturday, July 26, 2014

5 Chart set-ups to watch next week

Friday, July 25, 2014

Stocks to Watch for July 25, 2014

Wednesday, July 23, 2014

Stocks to Watch for July 24, 2014

Monday, July 21, 2014

Stocks to Watch for July 22, 2014

Sunday, July 20, 2014

Stocks to Watch for July 21, 2014

Thursday, July 17, 2014

Stocks to Watch for July 18, 2014

Tuesday, July 15, 2014

Stocks to Watch for July 16, 2014

Monday, July 14, 2014

Stocks to Watch for July 15, 2014

Saturday, July 12, 2014

Stocks to Watch for July 14, 2014

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