AC Investor Blog

Stocks to keep an eye on March 2, 2015

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Cyberark Software (NASDAQ:CYBR) finally broke down from the bear flag formation highlighted on the daily chart, signaling further decline. The stock price shows weakness with its recent decline and could reach the potential target area at $52. The trajectories of momentum and directional indicators also point to continuation of negative bias. Based on fundamentals this stock is way overvalued. Short setup.

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Bonanza Creek Energy Inc (NYSE:BCEI) Shares ended the day down $2.29, or 7.83 percent, to close at $26.95 on heavy trading. Trendline support has been broken on the daily chart at $27.7 with the next target at $24.50. Technically speaking, it is now in a Bearish mode with MACD below signal line and the stock price below all major EMAs. I expect the stock to continue its downside movement. Short setup.

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VirnetX Holding Corporation (NYSEMKT:VHC) Still holding long position. From a technical perspective, the stock finally broke out above $7 a share last week with a strong volume expansion. It has a medium-term target of 9 and it could move a lot further especially given the high level of short interest. However, I think we are due for some kind of a pullback (overbought conditions), which could be a buying opportunity.

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BlackBerry Ltd (NASDAQ:BBRY) Strategy: Buy on dips. The stock closed at 10.81 on Friday in a weak session for techs, reconfirming the new uptrend after the recent break of the 10.5 resistance level on expanding volume. Because of this I feel that this stock is ready to go towards its next target of $11.11 level. Accordingly, I suggest to buy the stock on dips targeting $11.11 and +$12.50. The technical indicators are looking better for the stock. Chart shows a very bullish sign as the stock price is back on top of all EMAs moving average while the MACD is positive and rising. Long setup.

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Sunshine Heart Inc (NASDAQ:SSH) broke out of symmetrical triangle formation last week. From a technical standpoint, the stock is now very bullish with the breakout having a large spread and volume. We also have the MACD above zero line and RSI above 50% levels, indicating the stock is in a “bullish” trend. Any break above the $6-$6.20 range will push the prices toward the $6.90 to $7 area. Stop-loss 5. Long setup.

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Ibio Inc (NYSEMKT:IBIO) The stock went as high as $1.06 before closing the day at $1, up more than 3 percent on solid volume. From the technical daily chart above we can see that the stock is on a bull market as the stock is trading above all EMAs and MACD is above Zero line. Given the strength that we saw yesterday, it seems to me that the correction is nearing an end and the uptrend is about to resume. The stock may go up to 1.4 or more if it breaks next week the resistance at 1.08. I went long with a stop located at located at 86c (20EMA).

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salesforce (.) com, inc. (NYSE:CRM) had a very good bullish rally last week accompanied with large volume. A gap was formed also with good volume. It's now in the red line as RSI hit 80. It may still move up some + cents but I expect a correction any time as we have observed that a lot of indicators have already reached overbought conditions. $69 is the key support level.

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I alerted Second Sight Medical Products Inc (NASDAQ:EYES) to my twitter followers (TWITTER ALERT) before crowd when it was trading around the 8.85 level. Traders who saw the gold in my alert and took advantage of EYES 100% climb, then congratulations ! BRAVO !!!

And lastly...I am also keeping a close eye on Hemispherx BioPharma, Inc (NYSEMKT:HEB) for the month of March (I own 60,000 shares of this right now). The company and the U.S. Army Medical Research Institute of Infectious Disease will present findings of new studies of Ampligen(R), an experimental therapeutic during the 7th Annual International Symposium on Filoviruses in Washington, DC, March 25-28.

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: BBRY, BCEI, CRM, CYBR, EYES, IBIO, SSH, VHC

12:29 | Permalink |

Stocks to Watch for February 3, 2014

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Himax Technologies, Inc. (NASDAQ:HIMX) is consolidating its big 50% move from 10 in December. A move higher above 15.33 would signal a breakout, with a next target of around 18 area. The technical indicators are looking bullish to me. The MACD is still positive but falling below its signal line. The Slow Sto has bounced up from the edge of its oversold zone and is now above the 50% level. The stock can be added on dips. Stop-loss should be located at around 12.70.

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AerCap Holdings N.V. (NYSE:AER) is in a large bullish flag off its recent up-gap. Watch for a break of 39.10 to continue the uptrend. Daily MACD is starting to curl up.

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ONEOK, Inc. (NYSE:OKE) is testing its major resistance level in the 68.5 area, a break of which could signal a trend reversal. The technical indicators are bullish.

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Keep an eye on 2.07 as the breakout point for Globalstar, Inc. (OTCMKTS:GSAT). It's technically in a bull market and will remain so till the stock can break below its medium-term moving average currently located at 1.77.

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In my opinion, the sign of AC/DT (accumulation/Distribution) is real and the current level offers a great buy opportunity. On the daily chart the picture is bullish. Both the MACD and ADX indicators are signaling a continuation of the short-term bullish trend and the breakout could happen any time now.

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Pandora Media Inc (NYSE:P) may need to consolidate in this area of support before the next leg higher. The technical indicators are looking bullish.

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Synovus Financial Corporation (SNV) is approaching a breakout point at the 61.50 level. A break above would lead to next targets in the 63 and then 65 area. Technical indicators are supporting an immediate upside break out.

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Cliffs Natural Resources Inc(NYSE:CLF) looks poised for a possible trend reversal after dropping to the 19 level. Any close above 20.18 EMA9 would confirm the trend, with a target of 22.07. The Parabolic SAR is flashing "BUY".

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: AER, CLF, CRM, GSAT, HIMX, OKE, P, XGTI

09:49 | Permalink |

Stocks to Watch for November 06, 2013

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Weatherford International Ltd (NYSE:WFT) broke out of a short consolidation phase. Today's volume was what you want to see when a stock breaks resistance. Watch for a follow through move on Wednesday.

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Lowe's Companies, Inc. (NYSE:LOW) nice follow through day. Watch Wednesday's action for a possible breakout over $50.74

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salesforce.com, inc. (NYSE:CRM) looks very good here, especially if market attempts a rally, a possible breakout over $56.24 is likely. Bullish MACD crossover.

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I think Oncothyreon Inc (NASDAQ:ONTY) has found a bottom here and looks poised to post a rally from current levels. Although the stock didn't perform well in October, we start to see now some signals of rebound as the technical chart shows positive momentum is back. The RSI has crossed over 50 and the MACD is about to cross the trigger line on the upside. If stock breaks $1.92 then the stock can head to $2 and if this level is breached then the level of $2.2 is visible.

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Keep Navistar International Corp (NYSE:NAV) on watch, go long over 39.82 on volume

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Royale Energy, Inc.(NASDAQ:ROYL) Momentum has been rising since the October low's and has reflected a strong divergence buy setup. The stock is now testing the 200-day exp. moving average and I think offers a good perspective into the overall sentiment. If a breakout occurs on volume, look for upside price targets in the previous $3.15 area.

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: CRM, LOW, NAV, ONTY, ROYL, WFT

22:25 | Permalink |

Stocks to Watch for October 07, 2013

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Arotech Corporation (NASDAQ:ARTX) spiked 14 cents, or 7.8% Friday to 1.93, breaking out of a base on good volume and could be ready to run again. A break of $2, which appears highly probable at this point will trigger a buy stop entry for a trade to the 2.1-2.24 area. Initial stop loss will be in the 1.75 area. The technical daily chart above shows the stock is back to rally as %K line is above %D line with MACD also back above signal line. The rising RSI should continue to carry the rally.

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The strong move in Barnes & Noble, Inc.(NYSE:BKS) shares was something that I tweeted early in Friday's morning. If you were following my twitter account you would have gotten the tweet when the stock was trading at 13.32. It ended the day at $14.41 trading more than 2.6M shares, well above its average volume. If you jumped in and booked your profits, congratulations!

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Gulf Resources, Inc. (NASDAQ:GURE) displayed some impressive relative strength with a 5.78% gain. The power of Friday's move suggests an upward breakout that could impulse GURE's stock to test the September highs at 2.06. MACD made a bullish crossover and AC/DT is increasing. This shows that investors are bullish on this stock.

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Facebook Inc (NASDAQ:FB) Series of higher lows. The stock is forming a bullish flag on daily chart which is usually the most bullish of consolidation patterns and may be ready to break soon. So, perhaps this is merely a pause in a strong uptrend IMHO. Breakout watch $51.60.

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Platinum Group Metals Limited (NYSEMKT:PLG) produced a strong bullish breakout with Friday's 15% gain. The stock broke out from a short-term downtrend channel pattern with a very large volume and closed near its recent highs. It's a buy on a break of 1.26 with solid volume. Stop 1.06. Technical indicators are also supporting the bulls. The MACD crossed above the signal line, RSI is moving up and above its 50% level. Keep on watch list.

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salesforce.com, inc. (NYSE:CRM) is building a nice flag, holding above 13-day EMA. Watching for 54.25 breakout.

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UniPixel Inc (NASDAQ:UNXL) is in the top of a short-term trading range. UNXL's technical's are looking up as we see only minor resistance at 20.8/83 and looks like this baby is poised for a strong BREAKOUT at any time now. Once the resistance of 20.83 breaks past we can see it hit the higher levels in minutes. With almost 45% of float short, this stock is a serious short squeeze candidate. MACD/RSI and CMF are all showing us something similar: uptrends. With the technical daily chart on the verge of a possible breakout, get UNXL on your radars.

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Brocade Communications Systems, Inc. (NASDAQ:BRCD) looks like is close to attempting a new breakout. I expect to see a high volume move once the stock breaks through resistance of 8.43, as traders are watching this stock closely.

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Ceres Inc (NASDAQ:CERE) pull-back in the last 3 days is due to profit taking and could be viewed as a good sign. Nothing should go straight up without a healthy-pullback. This small drop is helping clean up the technical chart for the next rally. The uptrend is intact and technicals remain strong with MACD above its signal line and in positive territory. CMF is also showing a positive momentum. I think the next move higher, will take CERE much closer to my short term target of $2.

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: ARTX, BKS, BRCD, CERE, CRM, FB, GURE, PLG, UNXL

09:53 | Permalink |

Stocks to Watch for May 29, 2013

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ITT Educational Services, Inc. (NYSE:ESI) had a big drop today and broke down below the 200-day EMA on high-volume. On the daily chart, we have a bearish MACD crossover and a RSI that is trending lower. With the short-term trend reversing, I see the next major support at $20.45.

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Shares of Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) made a solid 7.7% rally on today's trading session, breaking out the downtrend line that has formed since February on heavy volume. The uptrend is strong based upon the MACD reading and the accumulation/distribution indicator marked an increase in accumulation. Look for a quick run to $9.57 then $10

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salesforce.com, inc. (NYSE:CRM) Watch the major support level of $40.84 (EMA200) and keep your stops there.

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LPL Financial Holdings Inc (NASDAQ:LPLA) made a nice upside reversal today. The technical chart suggests that stock might find now resistance at $38.12. Only a close above this level would suggest further upside.

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Rambus Inc. (NASDAQ:RMBS) shares closed above the 9-day EMA. If prices remain above this level, traders will assess this development as a sign of strength. From the technical analysis perspective, the outlook for the stock is relatively bullish. Stop-loss 7.24

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: ARNA, CRM, ESI, LPLA, RMBS

23:13 | Permalink |

Stocks Picks for Friday, May 18

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Delta Air Lines, Inc. (NYSE:DAL) had a nice uptrend in play for weeks but broke the uptrend line today and its 20-day sma. Lets see if more selling is in store for DAL over the coming days. Hard to tell.

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salesforce.com, inc. (NYSE:CRM) is trading higher after hours, as the company released strong earnings and guidance. Right now, the technical chart is in a short-term bearish mode. Key resistance is now located at 145, a break above this level will confirm the new bullish trend and the following uptrend will take price up to 152 zone.

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Career Education Corp. (NASDAQ:CECO) - It looks like there is just limited downside risk in the stock at current levels. On the upside, a move to the $7-$7.40 range appears likely. A close above $6.7 will have positive implications while a drop below $6.22 would negate the positive outlook. Technically the chart shows the stock is back to new rally as %K line is on top of %D line. Hold the stock with a stop loss at $6

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XenoPort, Inc. (NASDAQ:XNPT) pulled back as most of the market traded lower. The stock did close negative on the day, but I still think there is another upside move coming soon. PDUFA coming June. Shares Short 2,308,500 / 13 Days to cover / 87.70% Owned by Institutions / 3.27% % Owned by Insiders. This is a short squeeze candidate. The daily chart shows strong accumulation. Still holding my position bought last week at $4.72. Keep watching the stock over the next few trading days.

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In the short term, Rentech, Inc. (NYSEAMEX:RTK) is in a short-term bearish configuration. The technical indicator MACD is negative and below its signal line. As long as 1.90 is not broken up, I favour a down move with 1.66 and then 1.53 as next targets. Only the upside breakout of 2 will invalidate my bearish scenario. In this case, a recovery should shape towards 2.2 at first, and then 2.40. Right now, the trend is bearish.

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: CECO, CRM, DAL, RTK, XNPT

22:14 | Permalink |

Friday's Stocks to Watch, May 27

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TEKELEC (NASDAQ:TKLC) displayed some impressive relative strength with a 5.58% gain. Today TKLC broke out of its bull flag suggesting a further move to the upside and continuation of this bullish trend. The technical indicators are looking better now for the stock. The stock has just entered into a short-term bull market as the stock is on top of 20 day and 50 day moving averages. Other technical indicator such as MACD, is above 0 showing positive momentum while KD line also show buy signal as %K line is top of %D line. In addition, On Balance Volume is increasing, indicating accumulation of shares in the market. Technically speaking the stock is now painting a short-term “Bullish” picture. Consistent move above $9.07 ( horizontal resistance line ) could be a beginning of a new technical bullish reversal at least testing 10.63/11.20 area.

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FormFactor, Inc. (NASDAQ:FORM) has been beaten down since last month, but at this moment it seems pretty clear that buyers have been waiting in the 9-9.20 range. It looks like it is starting to turn back up and indicators are giving the first bullish signs. The Stochastic Oscillator is registering a bullish signal as the %K has crossed above the %D and the RSI is rising slowly but hasn’t reached the 50% level. The stock needs to close above $9.94 on a daily basis in order to mitigate the negative near term view. The stock has the following important levels. Resistance at $9.62 and support at $9.24.

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I continue to watch $6.12 for A123 Systems, Inc. (NASDAQ:AONE), if it can break up through there, its worth it for me to buy for a trade. This is a price to keep an eye on in the future. On the downside, there continues to be solid support around $5.50. Pullbacks below this level should be bought with a tight stop at $5.29. Short-term technical indicators are improving and MACD histogram bars are slowly picking up while RSI is neutral at 50. Keep an eye on it.

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salesforce.com, inc. (NYSE:CRM) broke out to a new all-time high today, accompanied by a good volume suggesting higher levels.The stock has been in a nice uptrend for the last two weeks and it looks very strong with both 50 day and 200 day moving average going up while %K line is on top of %D line. CRM is now on the overbought level, so this means a possible correction is near. Watchout for support at 150.58, as long as the stock does not go below this level on its correction phase, we are still safe. CRM is a stock to keep an eye on for awhile.

Keep up to date by subscribing AC Investor Blog newsletter or RSS feed. You may wish to also follow me on Twitter

Other stocks to watch :

Earnings Announcements for Friday

Cycle Country Accessories Corp - ATC
Eastern Light Capital Inc - ELC
Graham Corp - GHM
Greenhunter Energy Inc - GRH
Hearusa Inc - EAR
Mecox Lane Ltd - MCOX
Mentor Graphics Corp - MENT
Orchid Cellmark Inc - ORCH
Quanex Building Products Corp - NX
Versant Corp - VSNT
Wayne Savings Bancshares Inc - WAYN
WSP Holdings Ltd - WH
Zanett Inc - ZANE

The following list show stocks whose OBV reached a new 1 month high

S - Sprint Corp
EP - EL PASO CORP
MPEL - Melco Crown Adr
GLUU - Glu Mobile Inc
GEN - Rri Energy Inc
ELN - ELAN CORP P L C
BBT - BB&T CORPORATION
TOL - TOLL BROTHERS INC
MCD - MCDONALDS CORP
KGC - KINROSS GOLD CORP
ZLC - Zale Corp
TSLA - Tesla Motors Inc
VVUS - Vivus, Inc.
HDY - Hyperdynamics Corp
HERO - HERCULES OFFSHORE
GMCR - Green Mountain Coffee
CIGX - Star Scientific, Inc.
MAR - MARRIOTT INTL INC NEW
QTWW - Quantum Fuel Systems
ACN - Accenture Plc
RVI - VALUE CITY DEPT STORES
COG - CABOT OIL & GAS CORP
FRX - FOREST LABORATORIES
NSM - NATIONAL SEMICONDUCTOR
CRI - CARTERS INC
RIG - Transocean Ltd
NVS - NOVARTIS A G
BEXP - Brigham Exploration Co
TCK - Teck Recs
IAG - IAMGOLD CP
MAT - Mattel Co
BPI - Bridgepoint Education
RPTP - Axonyx, Inc.
VMW - VMWARE INC CLASS
LTXC - LTX Corporation
SDRL - SEADRILL LTD
BMRN - BioMarin Pharmaceutical
MMR - MCMORAN EXPLORATION CO 1
NR - NEWPARK RESOURCES INC
ACOR - ACORDA THERAPEUTICS
PAYX - Paychex, Inc.
AEE - AMEREN CORP
DUSA - DUSA Pharmaceuticals
GLNG - GOLAR LNG LTD
MYGN - Myriad Genetics, Inc.
DY - DYCOM INDUSTRIES INC
EQT - EQT Corporation
POL - PolyOne Corp
MAKO - MAKO SURGICAL CORP
PNK - PINNACLE ENTERTAINMENT 1
HLF - HERBALIFE LTD
HANS - Hansen Natural Corp
GLBC - GLOBAL CROSSING LTD
PDS - Precision Drilling
PAET - US LEC Corp.
TAM - TAM S.A.
LAZ - LAZARD LTD
EGHT - 8X8 Inc
BBG - Bill Barrett Corp
TWER - Towerstream Corp
DSCI - Derma Sciences Inc
VOLC - VOLCANO CORPORATION
RYAAY - Ryanair Holdings plc
VRUS - Pharmasset Inc
ERF - Enerplus Corp
PVA - PENN VIRGINIA CORP
DSX - DIANA SHIPPING INC
FLO - FLOWERS INDUSTRIES INC
PSSI - PSS World Medical Inc
ELOS - SYNERON MEDICAL LTD
NUVA - NUVASIVE INC
BIOS - MIM Corporation
TSCO - Tractor Supply Company
ABVT - ABOVENET INC
CLB - CORE LABORATORIES N V
FURX - Furiex Pharmaceutical
CEVA - ParthusCeva Inc
MDCO - Medicines Company
RGLD - Royal Gold, Inc.
IPAR - Inter Parfums, Inc.
HEI - HEICO CORP
AVEO - AVEO Pharmaceutical
NTLS - NTELOS HOLDINGS CORP
MED - Medifast Inc
KEX - KIRBY CORP
ABMD - ABIOMED, Inc.

Unusual volume in today's trading session

AIG - AMERICAN INTERNATIONAL
ARNA - Arena Pharmaceutical
VLCO - ValCom Inc
NTAP - NetApp Inc
DB - DEUTSCHE BANK AG
CSC - COMPUTER SCIENCES CORP
GLUU - Glu Mobile Inc
ABKFQ - AMBAC FINANCIAL GRP
MSLP - MUSCLE PHARM CORP
GES - GUESS INC
TIF - TIFFANY AND CO
CBST - Cubist Pharmaceutical
RIGL - Rigel Pharmaceutical
KKD - Krispy Kreme Doughn
FTWR - FiberTower Corp
CDTI - Clean Diesel Techno
MICC - Millicom International
RXII - RXi Pharmaceuticals
GLBC - GLOBAL CROSSING LTD
AKRX - Akorn, Inc.
HGG - HHGregg Inc
RL - POLO RALPH LAUREN CORP
VIT - Vanceinfo Technology
EBS - Emergent BioSolutions
EGHT - 8X8 Inc
DWA - DreamWorks Animation
BCSI - Blue Coat Systems Inc
SIG - Signet Jewelers
FDO - FAMILY DOLLAR STORES
SIGM - Sigma Designs, Inc.
MAKO - MAKO SURGICAL CORP
GNOM - Complete Genomics
PDOS - Platinum Studios 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: AONE, CRM, FORM, TKLC

23:12 | Permalink |

Stock Picks for Wednesday - Rambus, American Oriental Bioengineering and Salesforce.com

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Rambus is hovering around a key support level of $16.90. Buy only when the stock reverses from this support. The internal indicators ( KD, MACD and RSI ) are showing negative divergences and in the world of technical analysis, that is not good. There is something also important to point out in the chart above, the volume is daily decreasing which could mean that the current trend will probably not continue and a reversal may be imminent.

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CRM - Another interesting day today, two big down day in a row...are you going to see some lights? Watch for the 50 MA support at $56.55 level. Only a close above $62.97 would negate the short term bearish outlook.

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AOB seems to have taken good support at $4.20 and may bounce from here. A corrective rally is imminent, as this stock is in an extreme oversold condition.

Other Stocks to Watch - ( Pattern is Bullish Engulfing )

UNH - UNITEDHEALTH GROUP INC
AET - AETNA INC
KOG - KODIAK OIL & GAS CP
NKE - NIKE INC CL B
AAP - ADVANCE AUTO PARTS INC
RSG - REPUBLIC SERVICES INC
CPB - CAMPBELL SOUP CO
WM - WASTE MANAGEMENT INC
PSGI - Prime Star Group Inc
EMN - EASTMAN CHEMICAL CO
BXS - BANCORPSOUTH INC
FLO - FLOWERS INDUSTRIES INC
WCG - WELLCARE HEALTH
ISLN - Isilon Systems Inc
ENMD - EntreMed
NSANY - Nissan Motor ADR

Other Stocks to Watch - ( Pattern is Bearish Engulfing )

INTC - Intel Corporation
MAS - Masco Corporation
EXPE - EXPEDIA INC
ALTR - Altera Corporation
ARRS - Arris Group Inc
WU - Western Union
BUCY - Bucyrus Intl
XLNX - Xilinx, Inc.
VMED - Virgin Media Inc
SOA - Solutia Inc
ADI - ANALOG DEVICES INC
MCK - MCKESSON HBOC INC
KLAC - KLA-Tencor Corporation
URBN - Urban Outfitters, Inc.
ADP - Automatic Data Process
DF - DEAN FOODS INC
CAB - Cabelas Inc
GR - BF GOODRICH CO
DOV - DOVER CORP
O - Realty Income Corp
HAS - HASBRO INC
AMB - AMB Property Corp
BWA - BorgWarner Inc
CREE - Cree, Inc.
GRMN - Garmin Ltd
BEAV - BE Aerospace, Inc.
NVTL - Novatel Wireless Inc
UIS - UNISYS CORP
MW - Men's Wearhouse Inc
MFE - Network Associates
SHLD - KMart Corp
GRA - GRACE W R & CO NEW
IFSIA - Interface, Inc.
BIG - Big Lots Inc
BKE - Buckle Inc

Other Stocks to Watch - ( Very active in after-hours )

APOL - Apollo Group, Inc.
RFMD - RF Micro Devices
ILMN - Illumina, Inc.

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 !!!
Cheers!

AC

Labels: AOB, CRM, RMBS

21:56 | Permalink |

Stock Picks for Tuesday - Research In Motion Limited and Salesforce.com

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From my point of view I think RIMM may break down here. This stock is slowly but steadily coming down on each passing day. Up/Down volume pattern indicates that the stock is under Distribution. The stock closed fractionaly above the major support at $65, but any close below this level could have further negative implications for the stock, and a move to $60 cannot be ruled. At this stage the stock is still trading below both 13 day and 50 day moving average showing weakness on the stock. In addition, falling MACD, now below 0, also indicates bearish trend. Stay tuned on it.

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CRM is pulling back after recent strong move up. If it does not catch support here on its 20 day moving average, look for support at the $58,93. The technical daily chart above 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 Salesforce.com.

Other Stocks to Watch - ( Pattern is Bullish Engulfing )

ARCC - ARES CAPITAL CP
YRCW - Yellow Roadway
IACI - IAC InterActiveCorp
ASBC - Associated Banc-Corp
SAPE - Sapient Corporation
HSNI - HSN Inc
MDOR - MAGNUM D'OR RES INC
KIRK - Kirklands Inc
NNI - NELNET INC

Other Stocks to Watch - ( Pattern is Bearish Engulfing )

BSX - BOSTON SCIENTIFIC CORP
AET - AETNA INC
MTW - MANITOWOC CO INC
LMT - LOCKHEED MARTIN CORP
IVN - IVANHOE MINES LTD ORD
ACN - Accenture Plc
NYT - New York Times Co
PSA - PUBLIC STORAGE INC
AGCO - A G C O CORP
INFY - Infosys Technologies
EV - EATON VANCE CORP
URRE - URANIUM RESOURCES INC
RPRX - Zonagen, Inc
LTXC - LTX Corporation
QSFT - Quest Software, Inc.
WIT - Wipro Ltd
QGEN - Qiagen N.V.
CYN - CITY NATIONAL CORP
SFSF - SuccessFactors Inc
GPN - GLOBAL PAYMENTS INC
AZC - AUGUSTA RESOURCE CP

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 !!!
Cheers!

AC

Labels: CRM, RIMM

21:45 | Permalink |

AC Investor Blog

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