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Saturday, October 01, 2011 

China stocks to watch next week

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Baidu.com, Inc. (NASDAQ:BIDU) - Major support line has been broken this week on the daily chart at $116.24 with the next target at $96.53. An aggressive trader may want to short BIDU here. Technically, the stock is in a Bearish mode with MACD below signal line and the price below both 50 and 200 day moving averages. The stock has a strong support in the psychological level of 100, but any close below this level could start a new sell off.

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SINA Corporation (NASDAQ:SINA) - The technical daily chart looks bad. The MACD indicator is way below its signal line showing a bearish bias. There is no divergence in the MACD with respect to price movement, so it is not logical to expect a sustainable rebound at this level, even trading near the major support. The RSI indicator is in oversold territory, but stocks that are in a downtrend will stay in oversold region for extended duration before rebounding. From now, with the technical chart not showing any sign of rebound, it is best to avoid the stock until a clearer picture emerges. Stay tuned on SINA.

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It looks like Sohu.com Inc. (NASDAQ:SOHU) is in a free-fall mode with the first barely visible level of support at $45. There is the old adage of never catch a falling knife, so I'm remaining cautious.  In other words, the area around $45 and $40 are strong supports from where a reversal is possible. If it breaks $40, the stock is doomed. Not a pretty picture. Long positions must be avoided.

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ReneSola Ltd (NYSE:SOL) - Seems like a falling knife scenario to me. Don’t buy it on the way down. The stock could really be near the bottom right now, but it is near impossible to predict the absolute bottom. Any close below $1.68 will reconfirm the short-term downtrend and forecast substantial additional losses.

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Shanda Interactive Entertainment Ltd ADR (NASDAQ:SNDA) is in a bearish phase and I have to say that the recent downtrend does not appear be complete. The stock dropped to a new 52-week low in final trading Friday. Shares ended the day down $1.54, or 4.95 percent, to close at $29.54 on heavy trading. On the chart, the technical indicators remained bearish at Friday’s close and showed the main trend of the stock was still negative. The stock is still in very weak market as 50 day moving average is still declining and MACD is still below 0. In addition KD also show weak signal, %K line is dropping below %D line.

 
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Trina Solar Limited (NYSE:TSL) - Technically, the chart looks horrible and the short-term trend is bearish, but the stock is now in EXTREMELY oversold conditions and may rise back soon. TSL seems to have a lot of potential and someone is accumulating shares like here. The stock is now in the strong support zone at $6 and still persistence oversold. We could see STO turning up slightly. However, the MFI is turning up, indicating the inflow of the money into this stock which is can be consider as a positive sign. I like this stock. Stay tuned.

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Other stocks to watch :

US Earnings Calendar for Monday, October 3

Ameritrans Capital Corp - AMTC
Bassett Furniture Industries Inc - BSET
China Infrastructure Investment Corp - CIIC
Cubic Energy Inc - QBC
Griffin Land & Nurseries Inc - GRIF
Kratos Defense and Security Solutions Inc - KTOS
Kumho Petrochemical Co LtdLittelfuse Inc - LFUS
Medical Properties Trust Inc - MPW
Pansoft Co Ltd - PSOF
Rocky Mountain Chocolate Factory Inc - RMCF
Schmitt Industries Inc - SMIT
Swift Transportation Co - SWFT
Swisher Hygiene Inc - SWSH
Syms Corp - SYMS
Team Inc - TISI
TSR Inc - TSRI

The following list show stocks whose MFl (15) has been increasing over the last 2 sessions

VZ - Verizon Comm
FTR - Frontier Communication
PAYX - Paychex, Inc.
IBM - INTERNATIONAL BUSINESS
TEVA - Teva Pharmaceutical
KSS - KOHLS CORP
PEP - PEPSICO INC
TQNT - TriQuint Semiconductor
GRFS - Grifols SA
PPL - PPL CORPORATION
TSL - Trina Solar Ltd
HGIC - Harleysville Group
GLBL - Global Industries
ARO - AEROPOSTALE INC
VIP - VimpelCom Ltd
ELN - ELAN CORP P L C
NVS - NOVARTIS A G
ATU - APPLIED POWER INC
TCB - T C F FINANCIAL CORP
TEL - Te Connectivity
SAP - Sap Ag
AGO - ASSURED GUARANTY LTD
DPL - D P L INC
CCC - CALGON CARBON CORP
KKPNY - Royal KPN NV
SPWRA - SUNPOWER CORPORATION
NAV - NAVISTAR INTL CORP
OCN - OCWEN FINANCIAL CORP
SHAW - SHAW GROUP INC
SNE - SONY CORP
MENT - Mentor Graphics Corporation
CNU - Continucare Corp
SONE - S1 Corporation
CELL - Brightpoint, Inc.
MPR - Met-Pro Corp
RNOW - RIGHTNOW TECHNOLOGIES
CEO - CNOOC Ltd
MMS - MAXIMUS INC
CW - CURTISS WRIGHT CORP
NTRI - Nutri/System Inc
BIOS - MIM Corporation
SFL - SHIP FINANCE INTL LTD
AXAHY - AXA
HNP - HUANENG POWER INTL INC
AUMN - Golden Minerals Co
MIC - MACQUARIE LLC
ARJ - ARCH CHEMICALS INC
TEO - Telecom Argentina SA
NEOG - Neogen Corporation
EXAM - ExamWorks Group Inc
CVV - CVD Equipment Corp
HSTM - HealthStream, Inc.
EPOC - Epocrates Inc
COSWF - Canadn Oil Sands
MYRG - MYR Group Inc

New 52-week High stocks

DUK - DUKE ENERGY CORP
D - DOMINION RESOURCES
VRUS - Pharmasset Inc
PGN - Progress Energy Inc
HGIC - Harleysville Group
ITC - ITC HOLDINGS CORP
THS - TREEHOUSE FOODS INC

New 52-week Low stocks

MU - Micron Technology
AA - ALCOA INC
VALE - Vale S A ADR
AMD - ADVANCED MICRO DVCS
FCX - FREEPORT MCMORAN
PBR - PETROLEO BRASILEIRO SA
IR - INGERSOLL RAND CO
RIMM - Research in Motion
DOW - DOW CHEMICAL CO
BBD - BANCO BRADESCO SA ADS
MOS - Mosaic Company
JNPR - Juniper Networks
XRX - XEROX CORP
FMCN - Focus Media Hldg
POT - POTASH CORP SASKATC
WFT - Weatherford International
NBR - Nabors Industries Inc
NFLX - Netflix, Inc.
ANR - ALPHA NATURAL RESOURCES
ESRX - Express Scripts, Inc.
AKS - A K STEEL HOLDING CORP
PCX - Patriot Coal Corp
HL - HECLA MINING CO
MYL - Mylan Inc
LYB - Lyondell Basell Ind
SID - Companhia Siderurgica
EMR - EMERSON ELECTRIC CO
BTU - PEABODY ENERGY CORP
ETFC - E*Trade Financial Inc
PCS - MetroPcs Communication
OIH - OIL SERVICE HOLDERS
DE - DEERE & CO
RIG - Transocean Ltd
CLF - Cliffs Natural Resources
ZION - Zions Bancorporation
MDR - MCDERMOTT INTL INC
STLD - Steel Dynamics, Inc.
SWKS - SKYWORKS SOLUTNS
URBN - Urban Outfitters, Inc.
SOHU - Sohu.com Inc.
VIP - VimpelCom Ltd
FST - FOREST OIL CORP
RIO - RIO TINTO P L C
LPX - LOUISIANA PACIFIC CORP
BPO - Brookfld Office
FLR - FLUOR CORP
TLM - TALISMAN ENERGY INC
MHS - MEDCO HEALTH SOLUTIONS
STJ - ST JUDE MEDICAL INC
ECA - EnCana Corp
OVTI - OmniVision Technologies
NIHD - NII Holdings Inc
KWK - Quicksilver Resources
APA - APACHE CORP
TC - BLUE PEARL MINING LT
EOG - EOG Resourses
BID - SOTHEBYS HOLDINGS
CCJ - CAMECO CORP
WLL - WHITING PETROLEUM CP
HMIN - Home Inns & Hotels
WLT - Walter Energy
TEX - TEREX CORP
GFA - Gafisa SA
MBT - MOBIL TELESYSTEMS
NYX - NYSE EURONEXT INC
MTL - MECHEL OAO
SAI - SAIC INC
NFX - NEWFIELD EXPLORATION
SWC - Stillwater Mining Co
SCCO - Southern Copper Cp
QEP - Qep Resources
AGCO - A G C O CORP
PWE - Penn West Ptrolm
VECO - Veeco Instruments Inc.
BEN - FRANKLIN RESOURCES INC
CREE - Cree, Inc
UPL - ULTRA PETROLEUM CP
VSH - Vishay Intertechnology
HAS - Hasbro
TS - Tenaris SA
OI - OWENS ILLINOIS INC
ELNK - EarthLink, Inc. 
AGU - AGRIUM INC
HP - HELMERICH & PAYNE INC
FBR - Votorantim Adr
JRCC - JAMES RIVER COAL CO
CBL - CBL and Associates
NG - NOVAGOLD RESOURCES INC
SOA - Solutia Inc
RJI - AB Svensk Ekportkredit
CMC - COMMERCIAL METALS CO
PVA - PENN VIRGINIA CORP
AGP - AMERIGROUP Corp
SLG - SL Green Realty Corp
VMC - VULCAN MATERIALS CO
CAR - Avis Budget Group Inc
PXD - PIONEER NATURAL RES CO
EXXI - Energy XXI Ltd
LAZ - LAZARD LTD
NAV - NAVISTAR INTL CORP
IPI - Intrepid Potash Inc
LUK - LEUCADIA NATIONAL CORP
ASH - ASHLAND INC
HRS - HARRIS CORP
CZZ - Cosan Limited
TRI - THOMSON CORP
PWRD - Perfect World Co Ltd
PGH - Pengrowth Energy
SLT - Sterlite Industries
WFSL - Washington Federal
DHX - Dice Holdings Inc
SSRI - Silver Standard Resources
NUVA - NUVASIVE INC
OSK - Oshkosh Corp
ACOR - ACORDA THERAPEUTICS
XEC - Cimarex Energy Co
KT - KOREA TELECOM CORP
BAK - Braskem SA
AOS - Smith AO Corp
ITRI - Itron, Inc.

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.  

As always, good luck !

AC

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Wednesday, October 06, 2010 

Stock Market Alerts for Thursday, Oct 07

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THQ Inc. (NASDAQ:THQI) has been in the process of consolidating here for an another big up move. The stock has weathered the recent pullback without too much chart damage. Short-term outlook remains bullish with $3.91 support intact. A break above $4.23 would confirm the possibility of a move up to the target price of $5. On the other hand, a decline below the 50-day moving average would blunt such a possibility. Looking at the technical chart above MACD and KD both signal positive strength. The stock still trading above 20 day and 50 day moving average, also a bullish sign. 

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ReneSola Ltd. ( NYSE:SOL) is losing some upside momentum with a bearish divergence in stochastics on weakening trend. Nevertheless, further rally is still expected with $11.50 support intact. Current rise is still in favor to continue to retest $12.72 high. However, note that break of $12.02 support will suggest that a short term top is formed.

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Caterpillar Inc. (NYSE:CAT) continues to consolidate below $80.08 but with $75.92 support intact, short term outlook remains bullish. Further rally is still in favor as long as the minor support holds. On the downside, below $78.09 ( 13-day moving average ) will argue that a short term top is formed, possibly with bearish divergence condition in the daily MACD and will turn bias back to the downside for $75.92 support.

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The outlook remains positive for JA Solar Holdings Co., Ltd. (NASDAQ:JASO), which is ruling near its 52-week high. As long as it stays above $7.96, the outlook would remain positive. If the current trend sustains, the stock could reach $13.48. It finds an immediate support at $8.50.

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With a temporary top in place at $.3925, the bias in Cell Therapeutics, Inc. (NASDAQ:CTIC) remains neutral for the moment. Deeper retreat could be seen to $.372 and below. But after all, another rise remains in favor as long as $.372/.37 support zone holds. The short-term trend seems to be positive.

New 52-week High stocks

ORCL - Oracle Corporation
TXN - TEXAS INSTRUMENTS INC
VHC - PASW Inc.
ABX - BARRICK GOLD CORP
MO - ALTRIA GROUP
Q - QWEST COMM INTL INC
CVX - Chevron
VOD - Vodafone Gp Plc
KO - COCA COLA CO
PCS - MetroPcs Communication
PEP - PEPSICO INC
DFS - Discover Financial
NG - NOVAGOLD RESOURCES INC
CMS - C M S ENERGY CORP
AEM - AGNICO EAGLE MINES LTD
SCCO - Southern Copper Cp
RTP - RIO TINTO P L C
TWI - TITAN INTL INC
FDO - FAMILY DOLLAR STORES
CTL - Centurylink Inc
SO - SOUTHERN CO
AMP - AMERIPRISE FINANCIAL
PTV - PACTIV CORPORATION
AEE - AMEREN CORP
SUN - SUNOCO INC
AXU - ALEXCO RESOURCE
NGD - DRC RESOURCES CP
AYI - ACUITY BRANDS INC
MIPS - MIPS Technologies
XEL - XCEL ENERGY INC
TTM - TATA MOTORS LTD ADS
UNP - UNION PACIFIC CORP
SFSF - SuccessFactors Inc
OGE - O G E ENERGY CORP
FNSR - Finisar Corporation
ADTN - ADTRAN, Inc.
CRXL - Crucell NV
CMI - CUMMINS ENGINE CO INC
ALXN - Alexion Pharmaceutical
INCY - Incyte Genomics Inc.
WM - WASTE MANAGEMENT INC
EBIX - Ebix Inc
BEAV - BE Aerospace, Inc.
AIZ - ASSURANT INC
FTNT - Fortinet Inc
ERF - Enerplus Resources
WRC - Warnaco Group Inc

Following list show stocks whose OBV has been increasing over the last 5 days

PBR - PETROLEO BRASILEIRO SA
JCP - PENNEY J C CO INC
ACN - Accenture Plc
FTR - Frontier Communication
VHC - PASW Inc.
FMCN - Focus Media Hldg
FDO - FAMILY DOLLAR STORES
AMB - AMB Property Corp
MBT - MOBIL TELESYSTEMS
ARTG - Art Technology Group
BKC - BURGER KING HOLDING
EAT - BRINKER INTL INC
SGEN - Seattle Genetics
EPD - ENTERPRISE PRODUCTS
FULT - Fulton Financial Co
AUMN - Golden Minerals Co
AMJ - JP Morgan Alerian M.
KT - KOREA TELECOM CORP
XTEX - Crosstex Energy LP
OGZPY - OAO GAZPROM ADR REGS
AMSC - American Superconductor
FLO - FLOWERS INDUSTRIES INC
HNR - Harvest Natural Resources
BRFS - Brf-Brasil Foods
BGCP - eSpeed, Inc.
IPXL - Impav labs Inc
PRX - Par Pharma Cos
KRA - Kraton Performance
OIS - Oil States International
CSR - CHINA SECURITY & SU
THO - THOR INDUSTRIES INC
ALY - Allis Chalmers Energy
GAS - NICOR INC
HOLI - Holysy Auto Tech
RGNC - REGENCY ENERGY
VSTOV - VISTEON CORP
PTR - PETROCHINA CO
BWF - Wells Fargo Cap
KCAP - Kohlberg Capital Corp
BWP - BOARDWALK PIPELINE
NICE - NICE-Systems Limited
CEO - CNOOC Ltd
RUTH - Ruth's Hosptalty
PUDA - Puda Coal Inc
YZC - YANZHOU COAL MNG CO
VRNT - Verint Systems Inc.
CEL - Cellcom Isreal Ltd
CM - CANADIAN IMPERIAL B.
RAH - RALCORP HOLDINGS INC
MWE - MARKWEST ENERGY PTN
UFPT - UFP Technologies, Inc.
LCRY - LeCroy Corporation
EDE - EMPIRE DISTRICT ELE
BAK - Braskem SA
CCW - Comcast Corp

Following list show stocks whose volume has been increasing over the last 3 days

CBS - CBS Cl B
IPG - INTERPUBLIC GRP OF COS
HCP - HCP Inc
MFA - Mfa Financial
MAR - MARRIOTT INTL INC NEW
SOLF - Solarfun Power Holdings
AEE - AMEREN CORP
FLR - FLUOR CORP
MF - MF Global Hld Ltd
URI - UNITED RENTALS INC
TIE - TITANIUM METALS CORP
INFN - Infinera Corp
PGN - Progress Energy Inc
FO - FORTUNE BRANDS INC
NVE - SIERRA PACIFIC RESOURCES
SVR - SYNIVERSE HOLDINGS INC
NBL - NOBLE AFFILIATES INC
CLGX - FIRST AMERICAN CORP
RT - RUBY TUESDAY INC GA
TTI - T E T R A TECHNOLOGIES
CE - CELANESE CORPORATION
AN - AUTONATION INC
UMPQ - Umpqua Holdings Corporation
GTI - GrafTech International
AZPN - Aspen Technology, Inc.
FAF - First American Corp
SJM - Smucker JM Co
QCOR - Questcor Pharm
HOGS - Strong Technical Inc
VR - Validus Holdings Ltd
PKX - POHANG IRON & STEEL CO
AFFY - Affymax Inc
RTI - R T I INTERNATIONAL
CPNO - COPANO ENERGY LLC UTS
CPTS - Conceptus, Inc.
BWF - Wells Fargo Cap
PPR - Pilgrim Prime Rate
LNCE - Lance, Inc.
CBLI - CLEVELAND BIOLABS
SSW - SEASPAN CORPORATION
FSR - Flgstn Reins Hld
EEP - Enbridge Energy Par.
PETD - Petroleum Development
CYBX - Cyberonics, Inc.
AREX - Approach Resources Inc
FSYS - IMPCO Technologies
CPL - CPFL ENERGIA SA ADS
KITD - ROO Group Inc
CEL - Cellcom Isreal Ltd
FVE - Five Star Quality C.
DCM - NTT DoCoMo Inc
HTH - AFFORDABLE RESID CMTYS
CRME - CARDIOME PHARMA CP

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.

Good luck to all,

AC

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Wednesday, September 29, 2010 

Hot stocks for Thursday Sep 30

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Starting with SOL, on the daily chart the present uptrend is getting confirmed as the days go on. The major trend is still bullish as we can see on the chart above. The bias is Bullish in nearest term. Immediate support remains at $11 followed by $10.28. I'm using today’s high of $12.29 as resistance for tomorrow. A break above that area could trigger further bullish momentum towards $13. 

( click to enlarge )

Canadian Solar Inc. (NASDAQ:CSIQ) was one of the big winners on Wednesday. The technical indicators are looking better now for the stock. CSIQ has broken the horizontal resistance line with heavy volume and looks like it will continue to run up. Looking at the daily technical chart the stock has just entered into a short-term bull market as the stock is on top of 20 day and 50 day moving averages. Other technical indicator such as MACD, is above 0 showing positive momentum while KD line also show buy signal as %K line is on top of %D line. Technically speaking the stock is now painting a “Bullish” picture. The share price is likely to move to the target zone of the 17-17.69 range. 

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JA Solar Holdings Co., Ltd. (NASDAQ:JASO)  broke out on Wednesday and made a new 52-week high of $9.26. I'm keeping JASO on the list for the continuation move. The stock had big buyers in it all day and looks ready to make another move on Thursday. The technical chart shows a continuation of the trend with MACD and RSI in the Bullish areas. Watch the stock closely tomorrow and once it breaks $9.26, get ready to jump in and buy the stock.

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Lihua International, Inc. (NASDAQ:LIWA) - As long as the stock holds above the $8.35 support level the intermediate-term picture should remain positive. LIWA has made a transition from down trend to uptrend. The short-term trend is bullish and a move to the $9.11 appears likely.

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Generex Biotechnology Corporation (NASDAQ:GNBT) had a nice surge a few days ago and has been in the process of consolidating. The stock is displaying upside momentum again and is poised to move higher from these levels. Nearest resistance for the stock is at $.53. If this level is crossed and the stock is able to sustain above this level, then it might go to $.62. On the downside, the stock has support at $.48. The stock is currently in a new uptrend. I feel this stock will easily make a strong move to the upside.

Other Stocks to watch

CRIS - Curis - Watching for a close above $1.43.
F - Ford - Watching for a close above $12.75.
LDK - LDK Solar - The stock broke a key resistance level on a volume expansion. Watching for a close above $10.84
ZION - Zions Bancorporation - Watching for a close above $21.08( 200-dma ).
AIB - Allied Irish Banks, plc. (ADR) - Watching for a close above $1.76.
CTIC - Cell Therapeutics, Inc. - Watching for a close below $.385
JASO - Jaso Solar appears to be holding the 200 dma nicely. A break above $3.99 would be bullish.
OSIR - Osiris Therapeutics, Inc. - The stock broke a key resistance level at $6.68 ( 200-dma ). Watching for a close above $7.
RMBS - Rambus can pop big time on any positive news.
Banner Corporation (NASDAQ:BANR) - Watching for a close above $2.34.


Earnings Announcements for Thursday

Accenture - ACN
Aehr Test Systems - AEHR
Agria Corporation - GRO
AUTHENTIDATE HLDG CORP - ADAT
AZZ Incorporated - AZZ
Charles River Associates - CRAI
Christopher & Banks - CBK
DemandTec, Inc. - DMAN
Lawson Software, Inc. - LWSN
Leading Brands - LBIX
McCormick & Company, Inc. - MKC
MSCI INC - MSCI
Resources Global Professionals - RECN
Signalife Inc. - SGN
Smart Modular Technologies - SMOD

New 52-week High stocks

ALTR - Altera Corporation
JASO - JA Solar Holdings C
LDK - LDK Solar Co Ltd
MO - ALTRIA GROUP
FDO - FAMILY DOLLAR STORES
ATML - Atmel Corporation
SLW - Silver Wheaton
KEI - KEITHLEY INSTRUMENTS
AMZN - Amazon.com, Inc.
CAT - Caterpillar Inc
SOL - Renesola Ltd
PM - Philip Morris International
XL - Xl Group Plc
IBM - INTERNATIONAL BUSINESS
SOLF - Solarfun Power Hold
LALLF - Lyondell Basell Ind
CHKP - Check Point Software
SWKS - SKYWORKS SOLUTNS
FNSR - Finisar Corporation
FMCN - Focus Media Hldg
IVN - IVANHOE MINES LTD ORD
COST - Costco Wholesale Co
ENTR - Entropic Communication
OCLR - Bookham Technology plc
PCS - MetroPcs Communication
VSH - Vishay Intertechnology
KMX - CarMax Inc
TEN - Tenneco Inc
MCHP - Microchip Technology
EWY - WEBS South Korea
CMS - C M S ENERGY CORP
UNP - UNION PACIFIC CORP
NANO - Nanometrics Incorporation
NG - NOVAGOLD RESOURCES INC
CCE - COCA COLA ENTERPRISE
LXK - Lexmark International
WSM - WILLIAMS SONOMA INC
ROVI - Macrovision Corporation
CCI - Crown Castle International
TRW - TRW AUTOMOTIVE HLDG
CTSH - Cognizant Technolog
TTM - TATA MOTORS LTD ADS
DVA - DaVita Inc
ADTN - ADTRAN, Inc.
BWA - BorgWarner Inc
POM - Potomac Electric Po
SMTC - Semtech Corporation
SDRL - SEADRILL LTD
EPD - ENTERPRISE PRODUCTS
DLTR - Dollar Tree Inc
HOGS - Strong Technical Inc
LLNW - Limelight Networks Inc
APKT - Acme Packet Inc
JOYG - Joy Global Inc
ETN - EATON CORP
LULU - lululemon athletical
INCY - Incyte Genomics Inc.
JKS - JINKOSOLAR HOLDINGS
PAAS - Pan American Silver
EMN - EASTMAN CHEMICAL CO
VHC - PASW Inc.
ERF - Enerplus Resources
SBAC - SBA Communications
AEZ - AMER OIL & GAS INC
LINE - LINN ENERGY LLC UTS
INFY - Infosys Technologies

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.

Good luck to all,

AC

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Sunday, January 13, 2008 

Solar Stocks in review - AKNS , CSUN , JASO, FSLR , SPWR

There is no doubt the solar stocks are hot. Solar stocks had a huge run up in 2007, but 2008 could be a different year for some of them, we may see some price stabilization or some profit taking, but honestly is too early to predict some possible scenario, it will depend of many factors, and one of them is the current speculative high price of Oil. Even after 2007 phenomenal stock price increase, Investors interest in solar-sector stocks continues to rise, this sector continue under the attention of many players on the market. I have been watching the solar sector for a while now and honestly I’m now more cautions than I was before, concerning the current instability in the general markets, that for sure should contaminate also this sector. Anyway, this is the sector of the future, from now on greens energy’s will be always on focus. I am going to publish below several charts and some comments of some of the big players of this sector.

Chart courtesy of stockcharts - Click on chart to enlarge

This stock is sitting right around the 50 dma as the first support, however there are some indicators showing bad indications to play on the long side. For example, MACD has issued a bearish signal, since the Fast line has crossed below the Slow line. Also, RSI is now in a bearish territory, below the 50 level. With the current short trend to the downside, this suggests that prices will continue to decline, but in this case it will depend a lot of markets mod too. Buy point would be on the day it blows through $240 on heavy volume. So, keep an eye on her.

Chart courtesy of stockcharts - Click on chart to enlarge

If $102 major horizontal becomes firm and sustained support, the stock should test its 50 dma soon, is simply a question of time. However, it's very important to point out, that indicators are all pointing to a weakness confidence on stock, such MACD and RSI, so before enter long at these levels, wait for a confirmation. The stock has chance to start new rally as K line is now back on top over D line indicating buy signal, but it seems to me too early to enter.

Chart courtesy of stockcharts - Click on chart to enlarge

JA Solar shares were up on Friday more than 7% to $72.98, with more than 3 million of shares changing hands. This is one of the most bullish stock charts on the Solar Group. The break of $76.50 level with heavy volume should be the next buy point on JASO.

Chart courtesy of stockcharts - Click on chart to enlarge

China Sunergy came back to test the breakout area. Stock may provide a good enter here, however it will depend of behaviour markets. Support for stock is now at $11.50.

Chart courtesy of stockcharts - Click on chart to enlarge

AKNS broke out in December and pulled back to test breakout area. However the decline in share price was made with low volume, so does this mean that Bulls are still controlling stock. Keep an eye for a bounce.

Chart courtesy of stockcharts - Click on chart to enlarge

Within the semiconductor sector, one stock that caught my attention last week was CNXT, as I mentioned here on Wednesday. Stock have lost nearly 50% of their value since December. Conexant shares finally gained some momentum on Friday, gaining more than 10% to $0.65. Looking at the daily chart, we can see weak signs as the stock is below both 50 day and 200 day moving average with MACD well below 0. However, ROC shows the stock is oversold and with volume spiked as K line crossed on top of D line, this is probably the time that the stock would finally reverse the downtrend. So, keep CNXT in your watchlist.

isclaimer : 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 nice weekend !!!

AC

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  • I'm a 44 year old Independent Trader using proprietary technical analysis with more than 20 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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