AC Investor Blog

Stocks to Watch for July 07, 2014

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AXT Inc (NASDAQ:AXTI) was a stock I alerted to my twiter followers on Thursday as a bottom trade. The stock closed near the highs of the day and above its 50-day EMA for the first time since May on stronger than normal volume. The technical chart shows a stock that is starting to breakout and I would look to the $2.55/2.6 area as the next point of resistance. The bias is likely to remain positive as long as the stock price sustains above 2.06. If we see follow-through on Monday the stock might run hard. From a fundamental standpoint the company is also interesting, it has no debt, trades below book value of $4.14 and has $1.39 cash per share. Keep AXTI on your radar screens.

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Short covering in some coal stocks produced some strong gains on Thursday. Shares of Walter Energy, Inc. (NYSE:WLT) broke through resistance at $6 and closed above its 50-day exp moving average for the first time since Januray. This could be a significant turning point for stock.

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For the past four months J.C. Penney Company, Inc. (NYSE:JCP) stock price has been moving sideways mostly flat since May. Connecting the peaks and lows since then, it seems that JCP´s stock may be in a symmetrical triangle formation. The momentum in the short-term remains bullish with MACD trending upwards above its signal line. A close above 9.54 would be required to turn the near-term bias significantly toward buying trades. You should keep this stock on your radar next week.

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Rambus Inc. (NASDAQ:RMBS) is currently consolidating after having moved up nearly 30 per cent in recent weeks. A breakout above 14.82 would position the stock price to test next resistance at around 16.

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Datawatch Corporation (NASDAQ:DWCH) Nice bottom base here. The Momentum has turned bullish and a break above resistance at 16.31 would open the door for a rally to 20. I bought this stock on Thursday. Nice to see that George Soros bought a position in the company in the first quarter of this year. This is a low float stock that could be ready to soar :)

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Peabody Energy Corporation (NYSE:BTU) showed some strength on Thursday and closed nicely above the 20-day EMA with solid volume. At this level, we should see the stock retest the resistance located at $17.10 followed by $17.21. The support level is adjusted to $16.11

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Fifth Third Bancorp (NASDAQ:FITB) Likely to accelerate on a break above the key resistance level loacted at 21.67

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: AXTI, BTU, DWCH, FITB, JCP, RMBS, WLT

19:48 | Permalink |

Tuesday March 19th watchlist

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Apple's stock has recovered nicely and can potentially set-up very well for a swing-trade if the stock breaks through the resistance level at $463.48 (50-day SMA). The technical chart of Apple Inc. (NASDAQ:AAPL) is showing positive signs of further strength. The MACD indicator is above its signal line indicating further strength may be possible, %K line on top of %D line and RSI indicator moving up from the 50% level. The Price momentum is likely to continue if the MACD indicator can stay above its signal line for the next few trading days. There could be good upside in this trade, so watch AAPL closely on Tuesday.

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Today's action in Research In Motion Ltd (NASDAQ:BBRY) confirms my opinion that the current rally has legs. The technical indicators are bullish. The MACD is above the signal line, and rising in positive territory. The RSI and slow stochastic are well inside their bullish regions. All four SMAs are rising, and the stock is rising above them. The bulls are in control.

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We're on the verge of a possible breakout in the shares of Cisco Systems, Inc. (NASDAQ:CSCO). The stock continues its strong performance, consolidating sideways rather than correcting down too much. I'm looking for a breakout above $21.98 in the short-term.

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Gevo, Inc. (NASDAQ:GEVO) I have been following this stock for a few weeks now and surprisingly it showed some strength today in a depressed market. On the momentum front I'm seeing some positive divergences in several indicators, but this are not confirmed yet, as prices have not shown a confirmed reversal. Momentum oscillators are neutral to positive. The stock needs to break Monday’s high of $1.97 to expect a strong rally at this point.

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Gramercy Capital Corp. (NYSE:GKK) could be a potential breakout play above $4.64

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AXT Inc (NASDAQ:AXTI) is starting to make a move to break through the top of its range. This is a good stock to watch and once it breaks through $3.10 on a close basis the stock should move

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Cree, Inc. (NASDAQ:CREE) Building a possible flag and holding above 13-day SMA. A move on CREE above $54.99 could spark a nice short-squeeze. On watch. Stop 48.82

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, AXTI, BBRY, CREE, CSCO, GEVO, GKK

21:30 | Permalink |

7 Technical Setups to watch next week

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3D Systems Corporation (NYSE:DDD) Since the peak hit later in January, the stock has plummeted drastically, with only one major correction in February. After this correction, the stock price has continued to drop in an unprecedented manner, without much of a rest. In the process, the stock price has broken down below support level after support level, closing today below the 200-day moving average. At this point, the stock is oversold but still dangerous to touch. In the event, of a significant correction to the upside, key resistance currently resides around the 30.28 region and then the 32 region.

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Research In Motion Ltd (NASDAQ:BBRY) Stock price remains well above its moving averages and above the downtrend line. There are no reasons for concern ! Bullish setup

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Glu Mobile Inc. (NASDAQ:GLUU) had a significant bullish momentum today, breaking above its recent high on good volume. The stock is again setting up for a potential swing trade. Next resistance is located at $3.66

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Keryx Biopharmaceuticals (NASDAQ:KERX) needs to take out $7.78. The break of the resistance with heavy volume should be the next buy point on KERX.

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Shares of Bank of America Corp (NYSE:BAC) today broke out of a bullish consolidation pattern. Look for follow-through on Monday with increasing volume to confirm today's move. The technical daily chart is showing a very bullish sign with 50-day moving average on top over 200-day moving average and still rising. In addition, with MACD on top of zero and with RSI moving upward should be keep going higher.

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Oracle Corporation (NASDAQ:ORCL) is ready to break out from a cup and handle formation on daily charts. If the stock can break Friday’s high of $36.43, we should see a strong follow through move. ORCL will move very quickly, so keep a very close eye on the stock next week.

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AXT Inc (NASDAQ:AXTI) keeping my bullish bias despite the volatility. Technicals starting to improve. With 20-day MA on top over 50-day MA, MACD above 0 and KD at high level, the stock is currently in short-term uptrend.

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: AXTI, BAC, BBRY, DDD, GLUU, KERX, ORCL

21:10 | Permalink |

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

Labels: AMTD, AMZN, ASTX, AXTI, BBRY, TLAB, VHC

22:37 | Permalink |

Wednesday February 27th watchlist

Hi everyone,

Trade setups to keep on your trading watch list :

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Research In Motion Ltd (NASDAQ:BBRY) refused to closed below the $13 level again. However, the indicators still indicate a bearish tone on daily charts. The major support level is now located at $12 and the resistance is still at $14.02. I would buy this stock if it manages to close over 50-day SMA.

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Shares of AXT Inc (NASDAQ:AXTI) surged 5.7% or 16 cents to $2.96 after the company projected first-quarter revenue that was higher than analyst's estimates. Dave Kang, an analyst with B. Riley & Co. in San Francisco recommends adding to AXT Inc. positions. Shares are Buy rated with a $4.60 price target, up from $4. If it breaks out from this channel we could easily see the stock move in the range of 3.10 to 3.60. The technical daily chart above shows new rally has just begun as %K line has just crossed on top over %D line. Nice bottom base here.

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From a technical standpoint, the stock is bouncing hard to the upside above both its 50-day sma at $1.24 and its 20-day SMA at $1.38 with heavy upside volume. Camelot Information Systems Inc (ADR) (NYSE:CIS) has been in a strong uptrend for the last two months, with shares moving higher from its low of 95 cents to its recent high of $1.58. Keeping my eye on this one.

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Zagg Inc (NASDAQ:ZAGG) closed up on Tuesday and should continue higher on Wednesday. The company reported earnings after the close and the market loved what they saw. ZAGG is trading up after hours and I expect it to gap open on Wednesday. I'm using the Jan 8th high of $7,95 as resistance.

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Pandora Media Inc (NYSE:P) retested the 9-day SMA and failed to close over that level. We should see a potential upside if the stock manages to close over the 9-day SMA.

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NVIDIA Corporation (NASDAQ:NVDA) showed some nice strength today. The stock closed nicely above the major short-term MA levels with solid volume. At this level, we should see the stock retest the resistance located at $12.68 followed by $12.72. The support level is adjusted to $11.98.

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: AXTI, BBRY, CIS, NVDA, P, ZAGG

22:33 | Permalink |

7 Stocks to watch out for next week

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Shares of 3D Systems Corporation (NYSE:DDD) closed the day on Friday at $65.82 a share, a 4.23% increase over the previous closing. The day's range was 62.90-66.22. The stock has been on one of the most amazing runs of the past four months. I'll be watching the stock on Tuesday, looking for a follow through move. As long as the stock stay above $61.50, the short-term bullish scenario still intact.

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Zions Bancorporation (NASDAQ:ZION) Stalking. The technical chart shows a Cup & Handle pattern. The stock hit a high of $22.69 on Friday, but failed once again to close above $22.8. I expect to see a high volume move once the stock breaks through resistance, as traders are watching this stock closely.

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Zynga Inc (NASDAQ:ZNGA) continues to fall on light volume. I think current levels offer a great chance to play a rebound in shares. The stock closed on Friday at $2.45 above the 50-day SMA. From a technical standpoint, the stock has build a good support around this SMA recently and do has the chance to go up. On watch.

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AXT Inc (NASDAQ:AXTI) The price movement in the last couple of days indicates that the stock has formed a short-term bottom at $2.83. Expecting a bounce from this level and a breakout of the 2.9 level with a price target for the near term of 3.14. The OBV is a good leading indicator for this small cap at these levels, the volume chart from OBV is showing a growing interest in accumulating the stock. Shares of AXTI trade at a trailing P/E of 15x with a PEG of just 0.65x, which indicate that the stock is undervalued. In addition, this company has no debt and about $46 million of cash, so they have about $1.43 a share in cash. I like this company and have been adding.

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James River Coal Company (NASDAQ:JRCC) Big bullish engulfing candle. Next pivot resistance point is at 3.24 ( 200-day SMA ). The slow stochastic gave a new buy signal yesterday.

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Alpha Natural Resources, Inc. (NYSE:ANR) Looking to buy on strenght. Indicators starting to move up again. Stop loss below 8.67

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Linear Technology Corporation (NASDAQ:LLTC) stock broke out to new highs Friday on 6x the daily avg. volume. Looks good for higher prices. As long as the stock holds above $35 the intermediate-term picture should remain positive. Fresh exposures may be considered on a move past $36.52, with a stop-loss at $34.68.

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: ANR, AXTI, DDD, JRCC, LLTC, ZION, ZNGA

10:36 | 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 |

Top stocks on my watch list for Friday January 4th

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AXT Inc (NASDAQ:AXTI) is a fast moving and volatile play. Today the stock closed at the high of the day and above its 50-day SMA for the first time since October. The technical chart shows a stock that's starting to breakout and I would look to the $3.60 area as the next point of resistance. Good pattern and accumulation. The bias is likely to remain positive as long as the stock sustains above 2.7. If we see follow-through tomorrow the stock might run hard. If you have not added AXTI to your watch list... now is the time. From a fundamental standpoint the company is interesting because has no debt, PE of 15.53, PEG of only 0.68, $1.42 cash per share and it is trading below book value of $4.44 per share. Keep AXTI on your radar screens.

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What a fantastic trading session for Vringo, Inc. (NYSEAMEX:VRNG). The stock pushed higher throughout the day and closed out the session right at its highs of $3.50 on stronger than normal volume. With the MACD turning up and above its signal line, this stock could post a nice rally from current levels.

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Advanced Micro Devices, Inc. (NYSE:AMD) - At this point my aggressive buy the breakout trigger is at $2.6 with a stop loss at $2.25 and an initial target at $3.

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After two weeks of resting Trina Solar Limited (NYSE:TSL) is in breakout mode again.

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Diana Shipping Inc.(NYSE:DSX) had a very bullish move today breaking several resistance lines with heavy volume. With technical chart showing strength as MACD is above signal and RSI above 60, we could see the stock keep going up. Additionally, the accumulation/distribution line shows the stock has been under accumulation for six months now. Next resistance is at $8.11

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, AXTI, DSX, TSL, VRNG

23:13 | Permalink |

AC Investor Blog

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

Friday, July 04, 2014

Stocks to Watch for July 07, 2014

Monday, March 18, 2013

Tuesday March 19th watchlist

Friday, March 15, 2013

7 Technical Setups to watch next week

Wednesday, March 06, 2013

Thursday March 7th watchlist

Tuesday, February 26, 2013

Wednesday February 27th watchlist

Saturday, January 19, 2013

7 Stocks to watch out for next week

Friday, January 04, 2013

6 High Momentum Stocks to Watch next Week

Thursday, January 03, 2013

Top stocks on my watch list for Friday January 4th

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