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Wednesday, February 19, 2014 

Stocks to Watch for February 20, 2014

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Advanced Micro Devices, Inc. (NYSE:AMD) After bouncing from the 3.30 support levels the stock is now forming a flag pattern. A break of this consolidation zone could get the stock up to 4.10. The technical indicator MACD is rising indicating a positive bias and the ADX is also supporting the tone.

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IMRIS Inc (NASDAQ:IMRS) is a nice stock which has been trending up nicely. Momentum indicators still pointing up. The stock should test the recent highs and possible new highs in the weeks ahead.

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Quicksilver Resources Inc (NYSE:KWK) continues to perform strongly and appears poised to breakout to new highs. Keep it on watch.

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Netlist, Inc. (NASDAQ:NLST) Broke out to new highs today on high volume. I think we'll see some nice follow through tomorrow.

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China Digital TV Holding Co., Ltd.(NYSE:STV) continues to show strength. Watch the $3.35 level.

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Cubist Pharmaceuticals Inc (NASDAQ:CBST) This still looks pretty good on daily with volume expanding as it moves higher. The stock continues to look bullish and had a good day today. On watchlist no trigger yet. Watching 76.75

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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23:36 | |

Saturday, September 07, 2013 

Stocks to Watch for September 9, 2013

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Celsion Corporation (NASDAQ:CLSN) had a great day on Friday. It opened at 1.18, ran to 1.39, and closed at 1.35, up 17 cents or 14.41%, on 8.48 million shares traded. That is not the best volume of the year, but the best in seven weeks. If it breaks through 1.41, we could see the 1.5-1.55 zone.

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Yelp Inc (NYSE:YELP) had a strong breakout early in August, took about five weeks to consolidate and on Friday finally broke out on over 8 Million shares, which was the best volume in about a month. Watch for a follow-through day on Monday and be sure to set a stop just below the 9-day EMA. Daily technical indicators are bullish but looking overbought. All the five major EMAs are rising and the stock is above them. YELP may be ready to make a move. Long setup.

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SandRidge Energy Inc. (NYSE:SD) is acting well. Friday it jumped 16 cents to 5.55 or 3% closing near the 200-day EMA. A close above this key level could accelerate prices higher. Daily technical indicators are looking bullish now. The MACD is slightly positive, but is rising above its signal line and the RSI has moved above its 50% level. Next week keep an eye on SandRidge Energy shares.

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Sirius XM Radio Inc (NASDAQ:SIRI) is a stock to watch closely next week. SIRI has bounced back from recent lows and the technical chart is now showing some signals of improvement through some indicators, such as MACD and RSI. The stock, which lost 5 cents, or 1.32%, to 3.75 on Friday is nearing the top of the sideways channel and the crucial $3.85 resistance that it has been in for the past month. Look for a break above this key resistance area, which could easily send to stock to $4. Note: Bullish MACD crossover

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Himax Technologies, Inc. (NASDAQ:HIMX) The stock pulled back on Friday after gaining more than 30% during the past three sessions. The short-term uptrend will remain in place as long as the stock holds above 7.85 ( previous breakout / now support ).

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Yingli Green Energy Hold. Co. Ltd. (NYSE:YGE) stock printed a doji candlestick in Friday's trading, which indicates a potential reversal. I believe there is a high probability of seeing a meaningful pullback in the stock in coming days. Note: RSI marks overbought.

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Cubist Pharmaceuticals Inc (NASDAQ:CBST) uptrend is trying to break resistance at the 65.6 level. If resistance is broken, then there is no resistance above. The stock has limited downside risk with support at the 60 level. On watch.

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Baidu Inc (NASDAQ:BIDU) Seems like there's a potential rounding top pattern on daily chart. The downside prevails as long as 143 is resistance.

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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09:14 | |

Saturday, November 01, 2008 

Trade Ideas For The Week Ahead - CBST, AFAM, GOOG, RIMM

The FED has slashed a key interest rate by half a percentage point again this week to near historic lows, as it seeks to revive an economy hit by a long list of maladies stemming from the worst financial crisis in 70 years. The cut marked the second half-point reduction in the funds rate in October, after on Oct. 8 in a coordinated move with foreign central banks the Fed slashed the rate to 1.5 percentage point. In a brief statement, the Fed said that the "intensification of financial market turmoil is likely to exert additional restraint on spending, partly by further reducing the ability of households and business to obtain credit." The central bank also said that "downside risks to growth remain" holding out the promise of further rate cuts if needed. Even with this action taken by Fed to revive the confidence on Wall Street, I believe the turbulence will persist for a long time. US has lost jobs every month this year and the unemployment rate now stands at 6.1%, but the worst may be yet to come with the economists believing the unemployment rate will hit 8% by the spring of next year. The economy is still fragile and without signs of life. Investors will have to deal now with a severe credit crisis and what could be the worst recession in at least two decades. Let's keep the faith, but honestly I'm not optimist.

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

RIMM is closing in on breaking through at trading range resistance level at $52.50. If the stock can break through, we should see an increase in volume as the stock moves higher. The stock can move quickly, so watch it closely again on Monday. However, if the stock fails to move up next week a protective stop loss should be placed at $46.40 to protect the position. Technically the stock now shows positive sign as the stock is now trading above 5 day moving average with KD rising and MACD now above 0. Recent surge may spur profit taking but for the long term the technical is not looking good.

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

AFAM is one of the hottest stocks of the market right now. The stock broke triangle resistance with good volume over the last two days. This breakout should spark some strong momentum and you've take a look at it. All indicators are bullish and point to more upside.

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

GOOG seems to have found support, as the stock has consolidated the past three sessions. Thursday, the stock closed positive and looks like it wants to break out of this range. Resistance for this breakout is $372, which was Thursday’s high of the day. GOOG has good upside potential, so watch the stock closely next week.

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

CBST broke out to new 52-week highs onFriday, as the stock hit a high of $25.51 on the day. The stock could slow down at the higher level, so take profits if the stock will not break through. If the stock does stall out, keep watching and look to buy when it breaks through later. The large expansion in volume over the past few days suggests the buyers are very interested in this stock.

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. See you Monday !!!

AC

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10:12 | |

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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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