AC Investor Blog

Stocks to Watch for February 3, 2016

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Intrexon Corp (NYSE:XON) has just confirmed the breakout of the downtrend line that has been in place since August last year. The recent increase in trading volume and the rising OBV suggests buyers are accumulating the stock. If the Bulls are able to push through the 32.75 level, there will be a strong rally towards $36. I'm currently accumulating the stock.

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Universal Display Corporation (NASDAQ:OLED) is a stock that could head higher from Monday's close. The stock is flagging just above the EMA50 and I expect a pop above $50 at some point in the coming days/weeks. From a technical standpoint, the MACD indicator remains contained by a consolidation, however the RSI is beginning to move up.

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Cree, Inc. (NASDAQ:CREE) looks right on the verge of a breakout. If the stock clears resistance the move may be powerful. At this moment, there is a clear battle between bulls and bears, as the trading today ended again with an impasse. On Watch.

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Equinix Inc (NASDAQ:EQIX) looks strong enough to move forward. A breakout above $315.5 would constitute a technical entry point for the short-term trader, looking for a quick trade.

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Axcelis Technologies Inc (NASDAQ:ACLS) is on my watch list. The stock price can potentially set-up well for a swing-trade, if it breaks through the key resistance level at 2.69 (EMA200).

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: ACLS, CREE, EQIX, OLED, XON

22:09 | Permalink |

9 chart setups for the coming week

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Xerox Corp (NYSE:XRX) was up on Friday, after the company released good earnings. The stock was up $.52 on 3x normal daily volume, as it hit a high of $9.89. I will be watching XRX on Monday for a follow through move, using Friday’s high as resistance. The bias is bullish in nearest term. There is a lot of upside room in this stock, so watch it closely.

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Some signs of a reversal on price action mentioned on an earlier post did work out as I expected. The stock had a bullish move on Friday breaking several resistance lines and could eventually rally up to test the declining EMA50 in the next sessions. Checking on the indicators, the MACD is rising above the signal line and the RSI is constructing higher lows and higher highs, both suggesting further upside. Plus, The stock's accumulation/distribution line (A/D) remains in a strong up trend. KBH is displaying upside momentum and is poised to move higher from these levels.

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Cree, Inc. (NASDAQ:CREE) has a very interesting daily technical chart as the stock looks to be ready for a good upside move. CREE traded a good volume on Friday as it closed up $.98 on the day above the $28 level. All inidicators are still in Bullishs areas. Keep an eye for a possible breakout over $28.10 (EMA200).

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Chimerix Inc (NASDAQ:CMRX) On Thursday, BlackRock reported it increased its stake to 6.5%. Institutions and insiders continue to buy/add shares at current levels, which means that sooner or later we should see a reversal up. I continue to hold my position in the stock as I believe there will be more share price appreciation in the coming days. Following the smart money usually pays off. Note: Last week the billionaire Steven Cohen also revealed a 6.4% stake.

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Inovio Pharmaceuticals Inc (NASDAQ:INO) Looks like a V-bounce is underway. The stock surged more than 15 percent Friday accompanied by a strong volume expansion, closing above its EMA100 for the first time since December. The technical chart shows buyers are back. A move towards $7 can be expected as long as $6.12 holds.

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Apollo Education Group Inc (NASDAQ:APOL) is coming up to a big level, as the stock is near the $8 level. I will be watching this stock closely next week as I expect to see a strong move once the stock breaks through resistance. A move past $8.09 would be a strong indicator of a further uptrend in the stock. The technical daily chart show a continuation of the uptrend with MACD and RSI in the Bullish areas. My model remains long, targeting $9 area. Rumors of takeover are emerging again.

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Citigroup Inc (NYSE:C) broke out of a bottom/accumulation pattern. Now we just need to see on Monday a confirmation of the reversal. Indicators are turning up.

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CONSOL Energy Inc. (NYSE:CNX) looks like it is starting to turn. On Friday, the stock price decisively broke through its downtrend-line by gaining nearly 17 per cent accompanied by heavy volume. From technical indicators, I continue to see a confluence of "BUYS", with RSI crossing above 50 and MACD heading up. The stock hit a high of $8.58, which is resistance for Monday’s follow through move.

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BlackBerry Ltd (NASDAQ:BBRY) is in the process of bottoming and I expect a pop above $7.16 at some point in the coming days. All technical indicators are giving some signs of downward exhaustion. The MACD has stabilized and the RSI is trying to turn higher. On Friday the company has received approval from the Toronto Stock Exchange to more than double its existing share buyback program and repurchase up to 5.8 percent of its public float, not good news for short sellers. A strong short-covering rally should emerge sooner or later. Keep it on your watch list going forward.

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: APOL, BBRY, C, CMRX, CNX, CREE, INO, KBH, XRX

11:20 | Permalink |

Stocks to Watch for May 31, 2013

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There is a potential bullish flag formation pattern developing on the daily chart of Yahoo! Inc. (NASDAQ:YHOO), with a upside potential to the $30 area. Buy only when it breaks the upper band with stop loss at 24.86

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OCZ Technology Group Inc. (NASDAQ:OCZ) could be in the early stages of a technical breakout. The stock finally closed above the EMA50 on heavy volume for the first time since March. Technicals are showing bullish signals supported by by rising MACD and RSI on the daily charts.

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Apple Inc. (NASDAQ:AAPL) Bullish day. Nice break from a short term consolidation. Watch for a follow-through day and be sure to set a stop just below the EMA50.

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Procera Networks Inc (NASDAQ:PKT) is getting ready to come out of a nice consolidation pattern. A close above $15 gets the party started.

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Sirius XM Radio Inc (NASDAQ:SIRI) Be careful at this point, because the MACD is about to cross below the signal line.

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3D Systems Corporation (NYSE:DDD) had a strong surge on big volume today. The stock is inching closer and closer to another breakout move. Buying momentum is still positive and strengthening. On watch.

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Cree, Inc. (NASDAQ:CREE) broke out to new highs on high volume. The short-term uptrend is intact and signals further bullishness on this stock. Buy the stock in dips with a stop-loss at $57.95

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, CREE, DDD, OCZ, PKT, SIRI, YHOO

22:37 | 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 |

Stocks to watch on Wednesday Nov 28

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First Solar, Inc.(NASDAQ:FSLR) brokeout of a large Bullish ascending triangle with large volume. Look for confirmation tomorrow. The technical daily chart is showing bullish sign as the 50-day moving average has crossed above 200 day moving average early this month and MACD is above signal line.

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Green Dot Corporation (NYSE:GDOT) Broke out today on good volume. Look for more upside from here. The technical indicators are displaying good signs. The stock could touch an upside target of $13 in the short-term.

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Sonus Networks, Inc. (NASDAQ:SONS) broke through a short term resistance line of 1.45. The increase in volume hopefully would bring the stock price up to its 20-day moving average at 1.57.

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Cree, Inc. (NASDAQ:CREE) Nice breakout on high volume. Buyable on a pullback to the pivot.

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Monro Muffler Brake Inc (NASDAQ:MNRO) closed higher on Tuesday as the stock looks to be bouncing off support. The stock hit a high of $33.49, which is resistance for Wednesday’s follow through move.

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: CREE, FSLR, GDOT, MNRO, SONS

22:27 | Permalink |

Watchlist for Friday, Aug 31

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Costco Wholesale Corporation (NASDAQ:COST) Price broke out of a one-month consolidation period on heavy volume, making a new all-time high over 99. From a technical standpoint the MACD generated a buy signal today plus the RSI is turned upward and isn't at an overbought level just yet, so I guess the breakout today is legit. The stock looks good for more.

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Shanda Games Limited (NASDAQ:GAME) - There is a possible double-bottom on the daily charts at 3.16 with a confirmed neckline around 3.50. If this level continues to hold as support, a retracement rally back towards 3.84 looks achievable.

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Cree, Inc. (NASDAQ:CREE) is moving sideways in a narrow range with a slight bias to the downside. A break out on either side of this range will decide the stock direction.

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Complete Genomics, Inc. (NASDAQ:GNOM) shares successfully broke the resistance of its 200-day moving average of 2.93 with unusual volumes. This is a very bullish development. Short-term technical indicators are strong and the MACD on the daily chart recently produced a new buy signal. If the stock can break today’s high of $3.17, we should see a strong follow through move.

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: COST, CREE, GAME, GNOM

22:44 | Permalink |

US Hot stocks for Tuesday - Cree and Applied Materials

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

CREE is sitting under resistance at $31.94 ( 13 dma ). The stock needs to break this resistance or will revisit the $30 area soon. Watch for high volume and relative strength/weakness before you jump on board. The buy point is when price clears the resistance line and volume expands to take the stock higher. The technical daily chart shows that MACD fast line has fallen below slow line which could mean that this stock is losing momentum. Overall still bullish, but negative momentum is on the rise. Stay tuned on CREE.

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

AMAT is still holding support at $13.25 but at the same time has not bounce very strongly here. A break below this area will likely be bearish for stock, on the other hand a close above $13.66 on heavy volume will launch a rally. Therefore a better time to buy would be to wait for K line to rise back up again above D line or buy stock only if the stock moves above $13.66 with tight stop loss.

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 Folks. See you tomorrow !!

AC

Labels: AMAT, CREE

22:01 | Permalink |

Hot stocks for Wednesday - Cree and Suntech Power Holdings Co.

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

STP - The stock has been having plenty of trouble to close above its 200-day moving average. The stock is displaying upside momentum and is poised to move higher from these levels. Let’s see whether the stock can gather enough momentum to break through 17.08. If the Bulls are able to push through this level, there will be another rally towards 21.43. The uptrend continuation scenario is slightly more likely at the moment. Shareholders may remain invested with a stop-loss at 15.20.

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

CREE - This is a nice pull back after recent advance. The volume on this pull back has been minimal compared to the volume on the way up, so there is nothing to worry about. CREE enjoys a strong support at the 29.50-29.75 zone. Only a close below this zone would have negative implications. The near-term trend is bullish and would remain so, as long as the stock holds above 29.50. Fresh buying may be considered on a close above 31.75.

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 folks. See you tomorrow !!!

AC

Labels: CREE, STP

21:41 | Permalink |

Stock Picks and Trade Ideas for Tuesday - CREE, GOOG, WMT

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

WMT is facing strong resistance at the level of $53.84 ( 20 day-moving average ), and despite repeated attempts, it has failed to penetrate the resistance level decisively. If the stock moves above this strong resistance, more upsides up to $55.30 will open up. However failure to do so and break below the recent bottom support of $50 will have major bearish effects. Stay tuned on it.

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

CREE is currently in the third leg of the short-term bear market that began in middle of September. This down move has been halted around $14 area. But a fall below this support will force the short-term picture considerably. An exit is recommended if the stock moves below this support.

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

GOOG - This stock is trying to steady itself around the support at $250. A fall below this level will make the short-term outlook negative again and it will pave the way for a fall to $200. Hold the stock with a stop at $247.30.

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 tomorrow !!

AC

Labels: CREE, GOOG, WMT

23:13 | Permalink |

Stock Picks and Trade Ideas for Thursday - JDSU, LVS, CREE, NVDA

Chart courtesy of stockcharts ( click to enlarge )

NVDA has a Bullish looking stock chart, price broke out from the horizontal resistance mark around $13/share Tuesday on a respectable volume in the face of a collapsing market. This breakout suggests a possible move to fill the gap in the low $18. However there is a strong resistance to break before move to $18 zone, the 50-day moving average at $14.36. Stay tuned on it.

Chart courtesy of stockcharts ( click to enlarge )

CREE - The stock pulled back to the bottom of the breakout zone before confirming support today.The stock is losing momentum and volumes are also extremely thin. Consider buying when the stock reverses from this support level.

Chart courtesy of stockcharts ( click to enlarge )

LVS has good support at $41.27. If it falls below this level, then it can possibly go down to $36. The technical daily chart shows the stock is still weak as it is still trading below 50 day and 200 day moving average while K line is falling below D line.

Chart courtesy of stockcharts ( click to enlarge )

JDSU is displaying upside momentum and is poised to move higher from these levels. Expect an initial run up to its 200-day moving average at $12.41.

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 tomorrow !!!

AC

Labels: CREE, JDSU, LVS, NVDA

20:19 | Permalink |

Stock Picks and Trade Ideas for Thursday - SIGM, ILMN, CREE, RFMD

Chart courtesy of stockcharts ( click to enlarge )

RFMD - Shares of RF Micro Device surged 13% to $3.05 per share. This stock has been on a remarkable downtrend since the begin of the year. Today stock broke out an important resistance of $3.03 with heavy volume. The rising KD has carried the stock back above 50 day moving average. The stock is now back to uptrend and with MACD back above 0 and KD rising we should see stock now starting to go up. The chart above gives me great confidence !!!

Chart courtesy of stockcharts ( click to enlarge )

CREE - On the long term chart of the CREE, you can see that it has broken the uptrend support line stated in early November of 2008. The next support is $24, but the important thing to take from this chart above is that the major uptrend that began in November is over.

Chart courtesy of stockcharts ( click to enlarge )

ILMN - Stock broke through resistance of $79.90, but did not have much momentum behind the move. A close beyond a trendline is more significant than an intraday penetration, so keep an eye on ILMN to see if tomorrow stock will confirm intraday breakout.

Chart courtesy of stockcharts ( click to enlarge )

SIGM - Good base building at $17.50 level. The stock is still in a weak market with MACD still below 0. If SIGM can hold the support around $17.50 we may see another short rally to $20 with K line still on top of D line. The rally might start soon, depending on the markets mood.

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. Have a great day !!!

AC

Labels: CREE, ILMN, RFMD, SIGM

21:18 | Permalink |

AC Investor Blog

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

Tuesday, February 02, 2016

Stocks to Watch for February 3, 2016

Saturday, January 30, 2016

9 chart setups for the coming week

Thursday, May 30, 2013

Stocks to Watch for May 31, 2013

Monday, March 18, 2013

Tuesday March 19th watchlist

Tuesday, November 27, 2012

Stocks to watch on Wednesday Nov 28

Thursday, August 30, 2012

Watchlist for Friday, Aug 31

Monday, August 10, 2009

US Hot stocks for Tuesday - Cree and Applied Materials

Tuesday, June 02, 2009

Hot stocks for Wednesday - Cree and Suntech Power Holdings Co.

Monday, November 24, 2008

Stock Picks and Trade Ideas for Tuesday - CREE, GOOG, WMT

Wednesday, August 20, 2008

Stock Picks and Trade Ideas for Thursday - JDSU, LVS, CREE, NVDA

Wednesday, April 23, 2008

Stock Picks and Trade Ideas for Thursday - SIGM, ILMN, CREE, RFMD

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