AC Investor Blog

Stocks to keep an eye on June 22, 2015

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Intersil Corp (NASDAQ:ISIL) broke the downtrend line last week on decent volume and looks like it is taking a little breather here before moving back above the $13.70 zone which would be the next buy point. If momentum continues as I expect next week, I think there are lot of profits left on the table for traders to capitalize on. Options traders are buying calls. A quick look at the technical daily chart :

1) MACD lines are going up
2) RSI still above the neutral 50 level at 54, buyers strength still persists.
3) CMF is positive
4) The +DI crossed up through the -DI las week - Bullish.
5) OBV still climbing.
6) The accumulation/distribution indicator shows the stock is under strong accumulation

Honestly speaking, there is some upside potential, which makes it worth watching for the next few days. Keep watching the stock.

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Arch Coal Inc (NYSE:ACI) Strong reversal candlestick on the daily technical chart on massive volume. Going long here. The stock closed with an impressive gain of 8% to end the day at 47c after falling about 5% earlier in the session. This creates a bullish scenario for next week. We might see a strong bounce here. On the daily time-frame, the daily MACD lines, MACD-histogram 9EMA and stochastics are all rising supporting the bullish view. If the momentum continues, the initial target price is 57c, followed by 80c. Short-term investors can hold with a stop at 41c

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CymaBay Therapeutics Inc (NASDAQ:CBAY) formed a bullish candle on the daily technical chart and reversed higher on solid volume from the key long-term support level. The stock is on the cusp of a move higher that could take it to the 100-day EMA at 4.20 pretty easily.

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Gevo, Inc. (NASDAQ:GEVO) As I have been mentioned in a few tweets over the past couple of days, I keep holding my long position in GEVO waiting for something BIG. Special points of interest on daily technical chart : The stock has formed a very crucial and strong support around its 50-day EMA and is trading above that level. Money flow index is showing the bullish picture and MACD still positive.

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HD Supply Holdings Inc (NASDAQ:HDS) tagged a new 52-week high on Friday but closed poorly. Shareholders may remain invested with a stop-loss at $33.80 (20EMA).

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Facebook Inc (NASDAQ:FB) has been consolidating the past few days and just recently started inching above most of the consolidation zone. Volume is starting to pick up and there could be a decent short squeeze if it clears the 83.20 level. On watch.

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: ACI, CBAY, FB, GEVO, HDS, ISIL

09:55 | Permalink |

Stocks to Watch for March 28, 2014

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Alcoa Inc (NYSE:AA) broke a key resistance line today with an up-move of 73 cents to 12.59. The stock price had been trading sideways over the past two months and formed an ascending triangle consolidation pattern. We can expect a price movement up to the 14 level.

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Grupo Televisa SAB (NYSE:TV) Considering strong momentum that we are seeing this week, the stock price looks set to break higher above its 52-week high of 33.

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Arch Coal Inc (NYSE:ACI) is setting up nicely to break out. Buy point would be on the day it blows through $4.759 on heavy volume. The indicators are looking Bullish. The MACD is above signal line and above 0 line, which is a bullish indicator. Additionally to that we also have the stock price currently above all EMA’s.

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Zynga Inc (NASDAQ:ZNGA) SAC Capital disclosed a 5.3% passive stake in Zynga (13G Filing) more than doubling its previously-disclosed stake. With RSI in oversold zone, it is possible we could see a bounce up to its 50EMA at $4.83

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Baker Hughes Incorporated (NYSE:BHI) looks ready to make new highs. It has been consolidating around 61-64 for the last four weeks and a break above 64.20 on heavy volume would be bullish. Stay tuned.

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, ACI, BHI, TV, ZNGA

21:26 | Permalink |

6 High Momentum Stocks to Watch next Week

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NVIDIA Corporation (NASDAQ:NVDA) was a stock I alerted to my subscribers ( blog / twitter ) last week as a bottom trade. For those who got in when I alerted, congratulations on your 8% profit. Looking at the chart, the bounce continues and the stock has now cleared its 200-day moving average and the $13 level. This momentum could push this stock much higher from here, so keep it on the radar next week.

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Short covering in some of the larger coal stocks produced some strong gains and the Arch Coal Inc (NYSE:ACI) stock broke through resistance at $7.50 and closed above its 200-day moving average for the first time since May 2011. This could be a significant turning point.

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The rally in AXT Inc (NASDAQ:AXTI) continued and shares broke out past resistance at $3.05 on expanding volume and its early November high. My trigger to buy more shares was hit this morning. The On Balance Volume indicator made a new higher high this week, signaling interest in accumulating shares by investors. Momentum picking up with MACD climbing and RSI rising. Look for a quick run to $3.30 then on to $3.6. The technical chart shows buyers are back.

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Bullish reversal alert Zynga Inc (NASDAQ:ZNGA). The trading in the stock over the last couple of days has produced a bullish reversal pattern. The chart above shows new rally has just begun as %K line has just crossed on top over %D line. In addition, MACD Crossed up. Fast line crossed the slow line from down to up. The stock has now a resistance at $2.73. If the stock is able to cross it, then it might go to $3.

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Dendreon Corporation (NASDAQ:DNDN) has completed what looks like a Rounded Bottom pattern and it's also accompanied by a break above the 100-day SMA which in itself is an indicator of the strengthening medium term trend. Additionally, the pattern's resistance level at $5.5 was broken along with a surge in volume (OBV indicator). Bulls have the near-term technical advantage and gained fresh upside momentum this week. At this point, the upside momentum still intact. I like that the stock finished strong today and expect to see a continuation move on Monday.

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Green Dot Corporation (NYSE:GDOT) nice bounce from its 50-day moving average. Looks ready to test the recent highs. OBV is also moving upwards which means that big money is moving into the stock slowly.

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: ACI, AXTI, DNDN, GDOT, NVDA, ZNGA

23:03 | Permalink |

Coal Stocks Gaining Momentum

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Alpha Natural Resources, Inc.(NYSE:ANR) broke through its short term resistance level of $7.12 on solid volume and looks ready to go higher. The stock could touch an upside target of $8.1 in the short term. Looking at the technical chart we start to see now some signals of rebound as the chart shows positive momentum is back. In addition, the 20-day moving average recently crossed on top over 50 day moving average which is a very positive sign. Short-term outlook for the stock is bullish with share price above 20 and 50 daily moving averages. Let's see if tomorrow the stock will confirm the breakout. Short-term investors can buy with a stop at $6.8 and long-term investors can hold with a stop at $6.19. ANR will move quickly, so watch the stock closely on Wednesday.

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James River Coal Company (NASDAQ:JRCC) - The stock appears to be headed towards the target zone of 3.6-3.85 in the short-term. Hold with a stop-loss at $2.99. The recent increase in trading volume and rising OBV suggests buyers are accumulating stock.

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Arch Coal Inc (NYSE:ACI) was also one of the stronger stocks today, as it closed up 22 cents on the day. Resistance for the follow through move is $7.05. If the stock can break through this area which is the top of this range, we should see a strong upside move. Watch ACI closely on Wednesday.

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Peabody Energy Corporation (NYSE:BTU) broke through resistance of 23.44 and was able to sustain this move today. The stock hit a high of $24.3, which is resistance for Wednesday’s move. If the stock can break through resistance, we should see a strong follow through move. Watch the stock closely 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: ACI, ANR, BTU, JRCC

22:32 | Permalink |

Bullish setups that you should watch next week

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Nice pattern setting up in Arch Coal Inc (NYSE:ACI). It could breakout soon. The stock has been supported by its rising 13-day MA, which is currently just below the 7 level. A close above the intermediate-term resistance at 7.78 would be a strong positive signal for the medium-term trend. Additionally, the MACD continues to rise while maintaining its buy signal as well. Buying momentum is still positive and strengthening. On watch.

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Yamana Gold Inc. (NYSE:AUY) setting up for a potential break here.Go long on a close above 15.40

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Strong stock lately, PDL BioPharma Inc. (NASDAQ:PDLI) could make another break higher soon. Long over 7.11

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Cemex SAB de CV (NYSE:CX) has been having big volume on up days and lower volume on down days, telling me that this is a good candidate for a Long. Looking for another possible move up. Definitely one to keep a watch on next week for a potential breakout.

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General Electric Company (NYSE:GE) has been a strong stock the past several weeks and could be ready for more. Could be a nice breakout coming soon. Resistance is $21.19. At this stage it is definitely a wait and see if the resistance will be easily taken out by the bulls.

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: ACI, AUY, CX, GE, PDLI

19:25 | Permalink |

Trade Ideas for next week - Arch Coal, American International Group and Yahoo

Chart courtesy of www.stockcharts.com ( click to enlarge )

ACI made a strong upside reversal this week. The near-term trend does not appear bullish, therefore there is no reason to invest in this stock now. Fresh exposures may be considered once the stock stabilises and gets into an upward trending mode. The technical chart above suggests that stock might find now resistance at $14.50. Only a close above this level would suggest further upside. Remain invested with a stop loss at $13.85.

Chart courtesy of www.stockcharts.com ( click to enlarge )

AIG was the strongest stock on Friday. The stock reversed strongly to move to my short-term resistance at $12. Although this trend is encouraging, the near-term outlook stays cautious till the stock closes conclusively above $12.71 on heavy volume.

Chart courtesy of www.stockcharts.com ( click to enlarge )

YHOO - Despite weak signal from MACD in the chart as MACD and signal line are below 0, the technical daily chart shows this might be an interesting time to buy the stock as K line has just crossed on top over D line showing buy signal. However, the stock is still facing resistance around its 13-day moving average. Fresh long should be made only when the stock moves above this resistance level. The stock is currently in a downtrend.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's all Folks. See you on Monday !!! Have a great and enjoyable weekend !!!

AC

Labels: ACI, AIG, YHOO

23:14 | Permalink |

AAple shares run again !! ACI and MAT

Chart courtesy of stockcharts

AAPL shares were up again reaching a new historic level at 109.13$ , however have closed at 108.74 up 1 from the previous session. Over the past 8 days, Apple stock has had incredible buying pressure, the stock has gone up 8 days in a row and 13 out of the last 16 trading days, WOW amazing performance for a stock like AAPLE. I think at this levels a pullback for a profit taking should soon occur, only a shortly correction I suppose according to the technical chart above, due the fact that stock is trading in a severely overbought conditions. AAPL stock is in a strong bull market with both 50 day and 200 day moving average going up. Support for a pullback 100$.

Chart courtesy of stockcharts

Next week keep an eye on MAT for a possible breakout over 29.70$.

Chart courtesy of stockcharts

Next week keep an eye on ACI for a possible breakout over 39$.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. Have a great weekend !!!

AC

Labels: AAPL, ACI, MAT

00:54 | Permalink |

AC Investor Blog

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

Sunday, June 21, 2015

Stocks to keep an eye on June 22, 2015

Thursday, March 27, 2014

Stocks to Watch for March 28, 2014

Friday, January 04, 2013

6 High Momentum Stocks to Watch next Week

Tuesday, October 09, 2012

Coal Stocks Gaining Momentum

Saturday, August 11, 2012

Bullish setups that you should watch next week

Friday, July 10, 2009

Trade Ideas for next week - Arch Coal, American International Group and Yahoo

Saturday, May 12, 2007

AAple shares run again !! ACI and MAT

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