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Wednesday, May 02, 2012 

Four Hot Stocks to watch Tomorrow


( click to enlarge )

Shares of Sequenom, Inc. (NASDAQ:SQNM) surged 4.58% to $5.36 per share continuing the rally which begins earlier this month. The stock closed at the highs of the day and I'm expecting another move higher tomorrow.  The technical chart shows the stock is in a strong short term bull market with 20 day moving average on top over 50 day moving average and MACD is still above signal line. In addition, the on Balance Volume is in an upward trend it basically shows that the stock has being bought. Initial support is located at $5 on daily chart. As long as the trend line support holds, the uptrend will continue. For now, expect a run up to next resistance area around $6. Technically Bullish.

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FormFactor, Inc.(NASDAQ:FORM) Congratulations to all of you that took advantage of this pick ! The stock broke and closed above its 200-day moving average for the first time since July of last year on a large increase in volume to 4.7m shares compared to its daily avg of less than 400K. Further rally could be seen to retest $7 short term resistance.

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CVS Caremark Corporation (NYSE:CVS) surged 2.71% to $45.92 per share breaking out an important resistance with heavy volume. We should be able to see some decent upside movement for the bulls here. Technically, the stock still in a very strong bull market with MACD on top of signal line and 50 day moving average on top of 200 day moving average.

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Shares of Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) have been in a downtrend the past weeks days, but could have found a bottom at these levels. Today, the stock was one of the few bright spots, as the stock closed up 26 cents on the day. If the stock can break through Wednesday's high of $2.7, we should see a high volume upside move. I will watch the stock closely on Thursday and buy once it breaks through 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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22:46 | |

Monday, February 08, 2010 

Stock Market Ideas for Tuesday - AMAT, CVS, TRN

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Contrary to expectations, TRN ruled weak and also moved closer to the stop-loss level of 14.93. Investors may remain invested with a stop-loss at 14.90 (on closing basis) as the stock appears to have the potential to bounce back to the target zone of 15.96-16.13.

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CVS - The stock failed to close above the resistance level of $34. Hold with a stop-loss at 32.36. Investors who have entered at lower levels may place the stop-loss at 31.04.

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AMAT - Things to focus on technical daily chart is the huge spike in volumn last week. It could have marked the end of the slide and beginning of bottoming. Although both 50 day and 200 day moving averages are falling, the rising KD shows the stock is probably now in recovery mode. A close above $12.33 would impart bullishness and would help the stock move to the 12.75-13.08 band.

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 !!! Good luck and good trading !!!

AC

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23:33 | |

Tuesday, February 17, 2009 

Stock Picks and Trade Ideas for Wednesday - CVS, COF, HD

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

HD's stock breaks down on Friday. From the technical chart, both MACD and KD show bearish sign. The stock is still trading below the 50 day and 200 day moving average, also a bearish sign. In the short term, I see no reason to buy the stock. Only a close above $21 would impart positive momentum. The stock could fall up to $18.50.

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

COF - The stock has made a new 52-week low at $9.69 a share, closing the day at $10.13. I will take long positions at this point hoping that this stock has reached the bottom. The reason for that is due to the fact that the stock has traded a huge amount of shares, probably a sign of capitulation. Could this be the reversal ? I'm betting it is, but I'm not sure. Be careful.

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

CVS - Chevron shares broke down its support on Friday on increased volume and selling pressure making this stock appear that it could easily be sent down to its support around 63. Only the break of the prior support now resistance confirmed by a daily closing will support higher levels. The indicators of the daily chart are still negative suggesting further possible pressure but a strong closing again above 67.50 could change this scenery.

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

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21:23 | |

Friday, February 08, 2008 

Stock to watch closely - CVS,LVS, GOOG

Chart courtesy of stockcharts

GOOG - After plummeting nearly 25 percent in just three months, Google's stock is stabilizing at the current price range $500. The stock has been on a small rally recently with K line on top over D line. The overall stock picture is still weak, with 50 day moving average now below 200 day moving average. At this moment, I am waiting for a high volume day to give the signal that a rebound is coming.

Chart courtesy of stockcharts

LVS - It looks like stock is close to attempting another breakout. If the trend channel is broken, expect a move to resistance at $105.

Chart courtesy of stockcharts

CVS - It broke the downward trend line and went up, pulled back to support where a second buy opportunity presented and it looks like its going to test the 40`s again. So, keep an eye on her for a possible breakout over the $40 mark.

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 !!!

AC

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20:25 | |

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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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