AC Investor Blog

Stocks to Watch for November 27, 2013

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Zalicus Inc (NASDAQ:ZLCS) The stock price formed a strong bullish engulfing candle on the daily chart today, which could lead to additional gains in the coming sessions. Its accumulation/distribution indicator has moved strongly higher and MACD is improving. First resistance is seen at $1.26 and then at $1.49.

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Accuray Incorporated (NASDAQ:ARAY) Chart looks good. Bull flag formation.

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Stalking. I'd like to see MRC Global Inc (NYSE:MRC) close over 31.52 before getting involved.

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QUALCOMM, Inc. (NASDAQ:QCOM) broke out to a new all-time high today accompained by a solid volume suggesting higher levels. I'll be watching the stock on Wednesday looking for a follow through move. As long as the stock stay above $70.74 (20ema), the bullish scenario still intact.

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Superconductor Technologies, Inc.(NASDAQ:SCON) Long set-up on watch. Lets see if it breaks over $2.35 this week.

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: ARAY, MRC, QCOM, SCON, ZLCS

22:12 | Permalink |

Big movers to watch in the week ahead

This week was another solid one for the market and a great one for Oclaro, Inc. (NASDAQ:OCLR). Many of my stock picks busted out and gave us solid profits. Here are some of the big movers to watch in the week ahead.

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This week OCLR's stock gained more than 15%. with the shares closing Friday at $4.17. Today’s intraday high of 4.19 is the highest level the stock has touched in more than a two months. The chart looks really bullish in short-term as the stock is trading above 50-day moving average and the 20-day MA crossed above 50-day MA recently. In addition, both KD and MACD show bullish signal as MACD is above 0 and KD is going up. Any pullback to the moving average would be a buying opportunity.

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InterDigital, Inc.(NASDAQ:IDCC) was also a winner this week. The stock has been on a downtrend since it reached 52-weeks high of $82.50 in early July 2011. However, it seems Interdigital stock maybe reversing to a uptrend as the most recent support at 41.06 is higher than the previous support level of 38.51 which show an uptrend. The chart also indicates bullish sign as the 20-day moving average has crossed above 50-day moving average with KD going up and MACD in positive territory. If the stock can keep going up and break the resistance at $49.19 this could further confirm the uptrend.

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Shares of Accuray Incorporated (NASDAQ:ARAY) have been rising significant this month, going from 4.20 to $5.25 today gaining almost 25%. The recent spike in price has pushed the stock into a short-term overbought zone. The implication is that a short-term downward correction could materialise and a test of the support zone at $4.7-$4.62 appears likely.

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Shares of Ciena Corporation (NASDAQ:CIEN) have been going up for 5 weeks now. The stock is now near the red line as RSI approaches the 80 level. It may still move up some cents but I expect a correction any time as I have observed that a lot of indicators have already reached overbought level. Right now it is way too risky for a long position.

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Renren Inc (NYSE:RENN) has rallied from below $3.40 to above $4.50 in just two weeks, a gain of over 30%. The technical chart shows very strong upward momentum as the stock is trading above the 50 day moving average with 20-day moving average going up. At this point, I will be a buyer only once it breaks through today’s high of $4.52 for the continuation move. Stochastics are overbought but remain bullish signaling.

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This stock was not a winner this week but I do not think it will stay here for long. Daily technical indicator OBV still showing support for last couple of weeks. Might be something in the works, but that is speculative until we get real news. Novatel Wireless, Inc. (NASDAQ:NVTL) should continue to be on watch and if we break the 3.09 resistance level the stock could retest its October highs.

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When I first alerted everyone this morning on twitter about FORM, I fully expected a solid run and an increase in share price, but what we got was much more than I could have even hoped for. Shares of FormFactor, Inc. (NASDAQ:FORM) closed the day gaining more than 6 percentage. Its technical chart show some bullish signals as KD is now going up and the stock breaks above the 20-day moving average. With this daily chart bull signal its very possible that we could see a continuation into next week.

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.

Other stocks to watch :

US Earnings Calendar for Monday, January 23

1st Constitution Bancorp - FCCY
Acxiom Corp - ACXM
Air T Inc - AIRT
Albemarle Corp - ALB
Alliance Bank - ALLB
American Electric Power Co Inc - AEP
American National Bankshares Inc - AMNB
Ameriserv Financial Inc - ASRV
Arrow Financial Corp - AROW
Bancorp Inc - TBBK
Banctrust Financial Group Inc - BTFG
Bank of Hawaii Corp - BOH
BBCN Bancorp Inc - BBCN
Beneficial Mutual Bancorp Inc - BNCL
Blyth Inc - BTH
Bottomline Technologies DE Inc - EPAY
Bridge Bancorp Inc - BDGE
Bridge Capital Holdings - BBNK
Camden National Corp - CAC
Capital City Bank Group Inc - CCBG
Cass Information Systems Inc - CASS
Cathay General Bancorp - CATY
Center Bancorp Inc - CNBC
Champion Industries Inc - CHMP
Cheil Worldwide IncCheviot Financial Corp - CHEVD
China Bak Battery Inc - CBAK
China Botanic Pharmaceutical Inc - CBP
Citizens South Banking Corp - CSBC
City Holding Co - CHCO
Clifton Savings Bancorp Inc - CSBK
Commercefirst Bancorp Inc - CMFB
Community Bank System Inc - CBU
Community Partners Bancorp - CPBC
Connecticut Bank And Trust Co - CTBC
Crane Co - CR
Crexus Investment Corp - CXS
Crystal Rock Holdings Inc - CRVP
CSX Corp - CSX
Daekyo Co LtdDanaos Corp - DAC
Dnb Financial Corp - DNBF
Enterprise Bancorp Inc - EBTC
F.N.B. Corp - FNB
Fedfirst Financial Corp - FFCO
FFD Financial Corp - FFDF
Financial Institutions Inc - FISI
First Busey Corp - BUSE
First Capital Inc - FCAP
First Citizens Bancshares Inc - FCNCA
First Defiance Financial Corp - FDEF
First Financial Corp - THFF
First M & F Corp - FMFC
First of Long Island Corp - FLIC
First Security Group Inc - FSGI
Firstbank Corp - FBMI
Greene County Bancorp Inc - GCBC
Greenhill & Co Inc - GHL
Guaranty Bancorp - GBNK
Guaranty Federal Bancshares Inc - GFED
Halliburton Co - HAL
Hanesbrands Inc - HBI
Harleysville Savings Financial Corp - HARL
Heritage Commerce Corp - HTBK
HMN Financial Inc - HMNF
Home Federal Bancorp Inc - HOME
J&J Snack Foods Corp - JJSF
Kansas City Southern - KSU
Koss Corp - KOSS
Lakeland Financial Corp - LKFN
LNB Bancorp Inc - LNBB
Magyar Bancorp Inc - MGYR
Metro Bancorp Inc - METR
Microstrategy Inc - MSTR
Monarch Community Bancorp Inc - MCBF
Monarch Financial Holdings Inc - MNRK
MSB Financial Corp - MSBF
Naugatuck Valley Financial Corp - NVSL
Nbt Bancorp Inc - NBTB
New England Bancshares Inc - NEBS
New Hampshire Thrift Bancshares Inc - NHTB
Newport Bancorp Inc - NFSB
Northfield Bancorp Inc - NFBK
Northrim BanCorp Inc - NRIM
NVR Inc - NVR
Oak Valley Bancorp - OVLY
Oppenheimer Holdings Inc - OPY
Optical Cable Corp - OCC
Oritani Financial Corp - ORIT
Packaging Corp Of America - PKG
Park National Corp - PRK
Penns Woods Bancorp Inc - PWOD
Peoples Financial Corp - PFBX
Petmed Express Inc - PETS
PLX Technology Inc - PLXT
Polycom Inc - PLCM
Provident New York Bancorp - PBNY
PVF Capital Corp - PVFC
Regis Corp - RGS
S & T Bancorp Inc - STBA
Savannah Bancorp Inc - SAVB
Shore Bancshares Inc - SHBI
Sierra Bancorp - BSRR
Southern National Bancorp Of Virginia Inc - SONA
Southside Bancshares Inc - SBSI
Southwest Georgia Financial Corp - SGB
Span America Medical Systems Inc - SPAN
Standex International Corp - SXI
Sterling Bancorp - STL
Summit State Bank - SSBI
Sun Bancorp Inc - SNBC
SurModics Inc - SRDX
Texas Instruments Inc - TXN
Tompkins Financial Corp - TMP
Transcat Inc - TRNS
Trico Bancshares - TCBK
TrustCo Bank Corp N Y - TRST
Tuesday Morning Corp - TUES
Twin Disc Inc - TWIN
Union First Market Bankshares Corp - UBSH
United Financial Bancorp Inc - UBNK
UQM Technologies Inc - UQM
USG Corp - USG
VIST Financial Corp - VIST
VMware Inc - VMW
Volterra Semiconductor Corp - VLTR
Western Digital Corp - WDC
Wilshire Bancorp Inc - WIBC0
Woodward Inc - WWD
WSB Holdings Inc - WSB
Yadkin Valley Financial Corp - YAVY
Zions Bancorporation - ZION

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: ARAY, CIEN, FORM, IDCC, NVTL, OCLR, RENN

23:02 | Permalink |

Some possible bounce plays to watch next week

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The company on the spotlight today is XenoPort, Inc., a biopharmaceutical company focused on developing and commercializing a portfolio of internally discovered product candidates, which utilizes the body’s natural nutrient transport mechanisms to improve the therapeutic benefits of existing drugs. The stock on Friday surged 5% or 23 cents to $4.83 per share at two times average volume after the company announced that has received confirmation from its partner, Astellas Pharma Inc., that, following a meeting on December 2, 2011 in Japan, the drug evaluation committee of the Japanese Ministry of Health, Labor and Welfare ("MHLW") recommended approval of gabapentin enacarbil, which will be known by the trade name Regnite in Japan, for the treatment of Restless Legs Syndrome. This positive recommendation will be reviewed by the MHLW prior to its final decision on authorizing the marketing of Regnite in Japan for the treatment of Restless Legs Syndrome. The MHLW will issue a final notification to Astellas regarding its decision, which the Company expects to occur in the first quarter of 2012.

Lets take look at the stock in more detail to see if this is the stock worth buying. XNPT is trading above its 13-day moving average and is approaching its 50-day moving average. A strong bullish trend is often established once shares cross the 50-day MA. The stock has witnessed phenomenal gains in valuation when volume enters. For example, in August shares of XNPT experienced a surge of over 38% in just 5 days !! So, with an influx of volume and light resistance above, the stock could make a solid upward move. There has been building support on shares of XNPT in the past few days with overall higher highs and higher lows, and I believe that from current levels which I believe are now trading at a deep discount from the past investors could witness a solid appreciation in value.

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Accuray Incorporated (NASDAQ:ARAY) close the week above its 50-day MA and has broken above its small consolidating range with rising volumes. MACD triggered a buy signal this week also moving slightly near the 0 line. The MACD looks bullish moving higher. The 20 DMA upward cross through the 50 DMA is bullish. The setup indicates that the stock has ample scope to move up.

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Novatel Wireless, Inc. (NASDAQ:NVTL) - The daily MACD triggered a Buy signal on Friday and the Histogram turned positive on the daily. The stock needs to take out resistance at the 3.25 area to continue higher. It needs more time to set up again. Keeping it on the list.

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TriQuint Semiconductor (NASDAQ:TQNT) nice follow through. From the technical chart MACD and KD both signal positive strength. Looking at the insider transaction I see one recent acquisition of 100,000 shares at a cost of $4.31 from the Director Steven Sharp showing the management is bullish of the company's outlook ( Yesterday I alerted my followers on twitter) . In the past twelve months, 2 other insiders purchased shares, in 5 transactions, for a total cost of $179,656 at an average of $4.73 per share.

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A closer look at the technical chart shows the stock broke out of a well defined descending channel formation dating back to November 14th on heavy volume. Poised to run higher. Next line of resistance $1.91 range. Furthermore, based upon watching the trading activity on Friday, I believe that the positive sentiment could be additional reason for investors to look for higher prices and confirmation of an upward trend reversal.

I encourage everybody to subscribe my twitter and newsletter, so you can receive my trade ideas and stock news in real time.

Other stocks to watch :

New 52-week High stocks

HD - HOME DEPOT INC
KOG - KODIAK OIL & GAS CP
M - FEDERATED DEPARTMENT
IBM - INTERNATIONAL BUSINESS
TSN - TYSON FOODS INC
MCD - MCDONALDS CORP
SE - SPECTRA ENERGY CORP
V - VISA Inc
TJX - TJX COMPANIES INC
WYN - Wyndham Worldwide WI
COST - Costco Wholesale Co
FTI - FMC Technologies Inc.
HUM - HUMANA INC
FAST - Fastenal Company
NSR - NEUSTAR INC
OCR - OMNICARE INC
VRSK - Verisk Analytics
GRMN - Garmin Ltd
SPPI - Spectrum Pharmaceutical
IDIX - Idenix Pharm
AKRX - Akorn, Inc.
EXR - EXTRA SPACE STORAGES
EPD - ENTERPRISE PRODUCTS
GPC - GENUINE PARTS CO
PETM - PETsMART, Inc.

OKE - ONEOK INC
MA - MASTERCARD INCORPORATION
ROST - Ross Stores, Inc.
OII - OCEANEERING INTL INC
PAA - PLAINS ALL AMERICAN
AWK - American Water Work
ACGL - Arch Capital Group Ltd
INT - WORLD FUEL SVCS CORP
MDVN - Orion Acquisition C
PCYC - Pharmacyclics
ARG - AIRGAS INC
FCN - FTI Consulting Inc
CLB - CORE LABORATORIES N V
DPZ - DOMINO'S PIZZA INC
BGS - B&G Foods Inc
MDF - Metropolitan Health
GPI - GROUP I AUTOMOTIVE INC
LAD - LITHIA MOTORS INC
GWW - WW Grainger Inc
TASR - TASER International
YRCWD - Yellow Roadway
FICO - Fair Isaac Inc

Unusual Volume

RIMM - Research in Motion
MDT - MEDTRONIC INC
ORI - OLD REPUBLIC INTL CORP
KIWB - Magnitude Information
DISH - Dish Network A
CBIS - National Healthcare
HRB - BLOCK H & R INC
CFW - CANO PETROLEUM INC
BIG - Big Lots Inc
SONS - Sonus Networks, Inc.
RBY - RUBICON MINERALS CP
FTWR - FiberTower Corp
UGI - U G I CORP HLDG CO
FIG - Fortress Investment
GIL - GILDAN ACTIVEWEAR INC
PVH - PVH Corp
SIRG - Sierra Resource Group
ZUMZ - ZUMIEZ INC

TLB - TALBOTS INC
BLVT - Bulova Technologies
KT - KOREA TELECOM CORP
NM - Intl Shipping Entr
HRL - HORMEL FOODS CORP
ATO - ATMOS ENERGY CORP
FROI - Fero Industries Inc
GRPR - Grid Petroleum Corp
VISN - VisionChina Media Inc
AGUNF - ARCTIC GLACIER TR UT
SUSS - Susser Holdings Corp
NSR - NEUSTAR INC
ZZ - SEALY CORPORATION
ALEX - Alexander & Baldwin
ACYD - AMERICAN COMMUNITY
URBF - Urban Barns Foods
IVAN - Ivanhoe Energy Inc
UVV - UNIVERSAL CORP
SNGX - DOR BioPharma Inc

ZOOM - Zoom Telephonics, Inc.
TRGP - Targa Resources Corp
MITL - Mitel Networks
AEN - Pipex Pharmaceutical
FAC - LIBERTE INVESTORS DE
TEA - Teavana Holdings Inc
CLGL - California Gold Corp
BRC - BRADY CORP
ABM - A B M INDUSTRIES INC
BMGP - IBISES INTL INC
NNVC - NANOVIRICIDES INC
WABC - Westamerica Bancorp
YNGFF - Yukon-Nevada Gold Corp
ASTX - SuperGen, Inc
SBRCY - SBERBANK RUSSIA
MAMM - Mammatech Corp
INO - Inovio Pharm Inc
SRCH - Phage Genomics 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.

Thanks for visiting AC Investor Blog.

AC

Labels: ARAY, NVTL, THQI, TQNT, XNPT

09:45 | Permalink |

AC Investor Blog

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

Tuesday, November 26, 2013

Stocks to Watch for November 27, 2013

Friday, January 20, 2012

Big movers to watch in the week ahead

Saturday, December 03, 2011

Some possible bounce plays to watch next week

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