AC Investor Blog

6 Interesting Charts To Consider

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Shares of Zynga Inc (NASDAQ:ZNGA) finally rebounded on heavy volume. Gonna have to watch it carefully now tomorrow to see if we've hit bottom and should grab some for the ride back up.

Morgan Stanley (NYSE:MS) The stock broke out a major resistance level and I expect another strong move tomorrow. Today’s high was $13.99, which is resistance for the follow through move on Thursday. If the stock does break resistance, expect to see another strong upside move. Looking at the technical chart there looks to be more room in this move, so watch the stock closely over the next few days.

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Today Career Education Corp. (NASDAQ:CECO) has attempted to breakout of the major resistance but closed right at the resistance level. Breaking out of $6.98 resistance on a close basis at high volume will be deemed as a bullish signal and could result in further upside. Both RSI and MACD are bullish as MACD continue to trend upwards and the RSI is now above the 50% level. I'm long on this stock and not afraid of the daily fluctuations, I'll be rewarded in the long run.

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Bank of America Corp (NYSE:BAC) has made an awesome move today breaking out of the recent swing high with volume backed confirmation. The next resistance that it should try to respect is at 8.11.

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Dollar Tree, Inc.(NASDAQ:DLTR) has an interesting formation on its daily chart, as the stock looks to have broken an inverted head and shoulders pattern combined with a new 52-week high and should push nicely higher over the next sessions.

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Zalicus Inc (NASDAQ:ZLCS) Could be flagging before next move up. On watch.

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: BAC, CECO, DLTR, MS, ZLCS, ZNGA

22:08 | Permalink |

Five Momentum Stocks to Watch on Tuesday, March 06

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Nice day for Camelot Information Systems Inc (NYSE:CIS). I first alerted on Friday this one as a possible breakout candidate and this morning on Twitter I said the stock was on my watch radar. The stock did what it was supposed to do and was one of the big winners today, closing up 27 cents or 11% on the day trading more than 497.000 shares, well above its average volume. This was a good run for those who jumped in at that time. From a technical standpoint the stock broke out of a symmetrical triangle confirmed on expanding Volume. MACD signal line has crossed to the upside as well. KD line shows positive signs as %K line is rising on top over %D line and RSI continue moving up. The trend is beginning to shift towards bullish. CIS traded heavy volume as it hit a high of $2.74. This high is resistance for Tuesday’s continuation move. If the stock can break through this level, I expect to see another strong upside move to $3.17 and better. Smells like news coming.

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Sourcefire, Inc.(NASDAQ:FIRE) hit a new 52-week high today, trading as high as $48.37, before settling at a close of $47,42. I'll be watching the stock on tuesday, looking for a follow through move. As long as the stock stay above $46.29, the bullish scenario still intact. Technical chart shows very strong bullish sign. First, the stock is trading above both 50-day and 200-day moving average with both moving average pointing upwards. Then the MACD indicator is positive and RSI still show the stock is on the positive swing.

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BroadVision, Inc.(NASDAQ:BVSN) broke out and never stopped all day. There is a good chance the stock will continue to move up. Tight stops should be used.

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Dollar Tree, Inc. (NASDAQ:DLTR) - Broke out to a new all-time high today, accompained by a strong volume suggesting higher levels. The technical chart still showing a bullish bias. KD line shows positive signs as %K line is rising on top over %D line and RSI continue moving up. I suspect the stock may continue to appreciate over the coming days.

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International Business Machines Corp. (NYSE:IBM) - Nice looking breakout with volume. The stock hit a high of $201.19 which is now resistance for Tuesday’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: BVSN, CIS, DLTR, FIRE

22:21 | Permalink |

Hot stocks to watch next week

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Dollar Tree, Inc. (NASDAQ:DLTR) hit a new 52-week high on Friday, trading as high as $70.62, before settling at a close of $70.46. I'll be watching the stock on Monday, looking for a follow through move. As long as the stock stay above $66.84, the bullish scenario still intact. Technical chart shows very strong bullish sign. First of all the stock is trading above both 50-day and 200-day moving average with both moving average pointing upwards. Then the MACD indicator is rising above "0" also indicating a buy. In addition, KD line still show the stock is on the positive swing.

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CF Industries Holdings, Inc. (NYSE:CF) is now clearly in an impulsive wave upwards. If you are on board, there's nothing more to do but enjoy the ride. On the daily chart, the technical indicators show a continuation of the trend with MACD and RSI in the Bullish areas. Long-term investors may hold with a stop at $161.97 ( 13-Day SMA ). Let's keep an eye on her as i think momentum will pick up.

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Waste Connections, Inc. (NYSE:WCN) has broken out to all time highs again. The volume on Friday’s break was great. WCN is now seeing blue skies as there is no resistance overhead. The technical chart is showing tremenous strength with KD rising and MACD above 0. In addition, both 50 day and 200 day are both rising showing the stock would be in bull market for a while. Only a close below $32.09 would warrant a change in sentiment.

The other stocks that I'm following :

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Looks ready for a bounce. FormFactor, Inc. (NASDAQ:FORM) is still oversold as evidenced by the stochastics and RSI. MACD Histogram shows a positive divergence from the price chart, so there is still some chance that the stock may test the $8.55 lvls in coming days.

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THQ Inc. (NASDAQ:THQI) - Signs of life continue to show on the technical indicators Slow Stochastic and MACD, but we need more strength than that to take this patient off life support.

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

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: CF, DLTR, WCN

22:09 | Permalink |

Trade Ideas for Wednesday - DLTR, CSCO, ME

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

Mariner Energy shares have been on a rise recently as K line is on top of D line indicating a buy signal. Now with MACD above the sell line and with stock above 20 day and 50 day moving average the stock may see more up side. If price breaks above the last price spike resistance of 11.39 I think going long will present a very possible profitable trade, and stock may run quickly to 12.84 area.

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

CSCO has been in a corrective phase since the beginning of this year along with the rest of the US stocks. The stock recently broke below its 20 and 50 day moving averages. Short term momentum indicators are substantially oversold and are now showing technical signs of recovery. The break of the resistance line at 15.73 with heavy volume should be the next buy point on Cisco.

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

DLTR shares have been consolidating a pretty tight range. Volume is starting to build and it may make an attempt at breaking out. Positive MACD indicates that the stock is a buy. Any move over 44.32 will probably lead to new highs. Let's keep an eye on it.

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: CSCO, DLTR, ME

22:08 | Permalink |

Stock Picks and Trade Ideas for the week ahead - DLTR, AAPL, FSLR, ADP

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

ADP - Traders should be cautious at current levels. Initiate long position when the stock breaches $41.66. From the technical chart it looks like the slide has ended and the stock is now back on the rise again with K line on top over D line and MACD above the sell line. Fresh buying may be considered on a move past $41.66, with a stop-loss at $39.12.

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

FSLR - After a sharp upward move, I think the stock will start a new corrective phase. Although KD show positive sign with K line rising on top of D line, this is not yet the time to buy as the stock is still weak as 50 and 200 day moving averages are still falling and the stock is still on downtrend. The stock is likely to seek lower levels in the coming week. A drop to the $120-118 range appears likely while a close below $117 could lead to a much more prolonged corrective phase.

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

AAPL is still finding it difficult to move above its 20-day moving average. Fresh buy should be initiated only when the stock moves above this line of resistance now at $94.62.

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

DLTR - The stock broke out this week on pretty good volume. If this chart does what is supposed to do, it will be going higher in the weeks to come. At the moment, there is no reason to sell the stock. Hold with a stop-loss at $40.

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

Labels: AAPL, ADP, DLTR, FSLR

20:27 | Permalink |

AC Investor Blog

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

Wednesday, June 06, 2012

6 Interesting Charts To Consider

Monday, March 05, 2012

Five Momentum Stocks to Watch on Tuesday, March 06

Saturday, August 27, 2011

Hot stocks to watch next week

Tuesday, February 03, 2009

Trade Ideas for Wednesday - DLTR, CSCO, ME

Sunday, November 30, 2008

Stock Picks and Trade Ideas for the week ahead - DLTR, AAPL, FSLR, ADP

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