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Thursday, March 28, 2013 

Here are a few setups to watch next week

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NVIDIA Corporation (NASDAQ:NVDA) confirmed my previous analyse and broke decisively above its 200-day MA today. From here we can expect a run to the 13 area and from there we could see an explosive upsurge to $13.5 and better. Daily technical indicators are turning up. Hold with a stop at the level of the 50-day MA. Add more on a convincing break out above the 13 level. Long setup.

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Rite Aid Corporation (NYSE:RAD) is setting up nicely to break into new highs. Buy point would be on the day it blows through $1.95 on heavy volume.

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Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) STRONG breakout of resistance on volume confirmation. The triangle on chart represents a consolidation/rest after an advance. The breakout signals a continuation of the prior advance. As long as 4.75 holds, this breakout is in great shape.

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Astex Pharmaceuticals, Inc. (NASDAQ:ASTX) had good volume and a nice candlestick on Thursday. Daily technical indicators are bullish. The MACD is positive and has crossed above its signal. The RSI and slow stochastic have climbed above their 50% levels. Breakout watch over 4.58 

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Radian Group Inc (NYSE:RDN) had a nice surge a few weeks ago and has been consolidating that move since then. Looking good for higher prices, watch for break above consolidation area and go long.

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Vringo, Inc.(NYSEAMEX:VRNG) Rallied hard Thursday on heavy volume. If it clears back over 3.43 (50-day MA), may have some good upside.

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Sprint Nextel Corporation (NYSE:S looks ready to make new highs. On the technical side, the chart looks very good here. MACD is positive and above its rising signal line. The 9 day and 20 day SMAs are both rising with the stock trading above them. Breakout watch over 6.22

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Active Network Inc (NYSE:ACTV) looks like it may have found a bottom already, keep on watch. 

Happy Easter for everyone !! 

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

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22:50 | |

Wednesday, March 06, 2013 

Thursday March 7th watchlist

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Research In Motion Ltd (NASDAQ:BBRY) is quietly gaining momentum. If the stock can manage a breakout above its 50-day SMA on high volume, it would be a great buying opportunity but only on a breakout. Keep it on your watch list going forward.

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Astex Pharmaceuticals, Inc. (NASDAQ:ASTX) High volume Breakout from a Cup and Handle formation. Momentum picking up with MACD climbing and RSI rising. Try to buy on a pullback.

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 Amazon.com, Inc. (NASDAQ:AMZN) the technical chart is painting a bullish picture. All the MA's moving up and providing support.
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TD Ameritrade Holding Corp. (NYSE:AMTD) That's a good looking chart. It's a buy on a break of 20.3 with solid volume. Stop 18.35

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The stock is finally starting to break out. Tellabs, Inc. (NASDAQ:TLAB) hit bottom in the low $2's and has started to work its way higher. The 50-day SMA sits at $2.21 and the 200-day SMA is at $2.32. MACD crossover today and should support higher prices on stock in short term. This stock deserves watching going forward.
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Bears have pushed the stock down from the top of the trading range to the bottom again in a hurry. We are at oversold conditions on Stochastics. Although the recent downward move has been impressive, we still remain trapped within a multi-month trading range. On a fundamental basis the stock looks to be undervalued. Shares of AXT Inc (NASDAQ:AXTI) trade at a trailing P/E of 15x with a PEG of just 0.65x, which indicate that the stock is undervalued. This company has no debt and about $46 million of cash, so they have about $1.42 a share in cash. Analysts are bullish on stock. B. Riley recommends adding to AXT Inc positions following the solid Q4 report. Shares are Buy rated with a $4.60 price target, up from $4. In addition, the company recently announced a program authorizing the repurchase of up to $6 million of the Company's common stock. I like this company and have been adding.

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The chart of VirnetX Holding Corporation (NYSEAMEX:VHC) is still looking interesting as it continues to trade within an ascending triangle pattern with resistance at 36.25. That resistance level is the area to watch closely and close above with volume is a strong buy signal.

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

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22:37 | |

Tuesday, August 21, 2012 

5 stocks I will be watching for potential trades

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OCZ Technology Group Inc. (NASDAQ:OCZ) -  On the radar. The stock closed at $5.76, up 43 cents points for the day on expanding volume, regained its 50-day moving average  and reconfirming that a new short-term uptrend is in place. Further rise is expected to follow to retest $6 level. Near term support is now located at $5.33, as long as this level holds, I'd expect the uptrend to continue. Long-term investors may hold with a stop at $4.90.

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DAKT Skechers USA Inc (NYSE:SKX) stock broke out today but failed to close near the highs. SKX pulled back during the day, however still closed higher than the high of the previous two sessions, which is bullish to me. Let's see how this trades tomorrow.

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InterDigital, Inc.(NASDAQ:IDCC) is one of my favorite long term plays and the technicals are setting up in favor of the bulls. The MACD has risen strongly above zero and OBV continues to rise, indicating continuing accumulation. The stock is now approaching a key medium-term resistance zone around 34.34 ( 200-day MA). A move above this technical level is likely to spark a short-covering rally towards $35.IDCC is also heavy shorted which only means one thing.... squeeze ;-) Keep an eye on IDCC, near breakout levels.

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Astex Pharmaceuticals, Inc. (NASDAQ:ASTX), like it above $2.8

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Silver Standard Resources Inc. (NASDAQ:SSRI) - The 200-day MA is right above $13.94, I like it above that level. Solid upside volume showing up this week and that shows continuing accumulation in the pattern. Now we wait for the breakout move. The short-term uptrend will not be threatened unless the stock goes on to close below the second support 12.21.

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

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22:22 | |

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  • I'm a 48 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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