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Thursday, August 30, 2012 

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

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22:44 | |

Friday, May 25, 2012 

Put these stocks on your watch list for Next Week

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Elan Corporation, plc (ADR) (NYSE:ELN) looks really strong here, broke and closed above 50 day MA. Strong volume today ! On the daily chart, we can see a few technical signals suggesting this swing higher in the short-term should continue a few more days. First, the MACD is displaying a new bullish crossover and a positive move. At the same time, we see that the daily stochastics are showing positive momentum from oversold levels, which should reinforce a move higher if near-term resistance at $14.58 is taken out. Finally, The RSI is starting to bounce back from oversold territory. Target is $15-15.25 with a tight stop under the 50 day MA. 

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Bio stocks such as Complete Genomics, Inc. (NASDAQ:GNOM) were on fire today. I featured this stock on Thursday and today it gained close to 29% !! Volume was tremendous today and I see more upside here. Easy to manage with a stop at the 50 day MA.

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XenoPort, Inc. (NASDAQ:XNPT) looks great here flagging nicely on low volume, tried to break out today but failed. Volume patterns good, keep an eye on it the next few days.

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The entire Education sector was on fire today led by Career Education Corp. (NASDAQ:CECO). The stock closed above the psychological level of 7 and near the 50 day moving average. A close above this level would warrant liquidation of short positions. I believe that price may continue its rally next week.

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Zalicus Inc (NASDAQ:ZLCS) looks good here with plenty of room to run to the next resistance at $1.01
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eBay Inc (NASDAQ:EBAY) bounced nicely off the 50 day MA this week. The stock should test the recent highs and possible new highs in the weeks ahead.

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Zynga Inc (NASDAQ:ZNGA) - No signs of reversal yet. If you are long , stop should be the recent swing low.  Short term investors are advised to avoid fresh long positions at this point. Only a close above $7.25 will start negating the bearish forces.

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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22:30 | |

Thursday, May 24, 2012 

Friday's Stocks To Watch, May 25 2012

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US Airways Group, Inc. (NYSE:LCC) had a very nice day today, breaking out above the $11.50 level on heavy volume. As long as it can hold this level, it looks good !!

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Looking at the technical chart of Hyperdynamics Corporation (NYSE:HDY) I think the most important level to watch here is the 50 day MA now at $.99. As we can see, it previously failed at the 1.30 level back in April and it has once again rallied up to this MA. The MACD is moving up showing positive momentum while KD line also show buy signal as %K line is on top of %D line. The 50 day MA needs to be crossed to give rise to the next leg up. Stay tuned !!

 
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Foot Locker, Inc. (NYSE:FL) surged 2.4% to $32.31 per share breaking out an important resistance with decent 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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Complete Genomics, Inc. (NASDAQ:GNOM) Tested the 50 day MA but couldn't close above it. I like this one for a breakout soon. Keep an eye out for a $2.5-2.6 breakout on volume !

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Trina Solar Limited (ADR) (NYSE:TSL) On watchlist no trigger yet. Long above $6.05.

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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21:42 | |

Wednesday, February 22, 2012 

Five Bullish Setups I'm Watching

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NetScout Systems, Inc.(NASDAQ:NTCT) wants to break out and move higher. If we close above 22.06, we can run to 24 easily.

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Intrepid Potash, Inc.(NYSE:IPI) - Nice breakout on IPI with decent volume. Momentum picking up with MACD climbing and RSI rising. Look for a quick run to $26.44 then on to $27.95

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Gulf Resources, Inc (NASDAQ:GURE) - A solid breakout today on strong volume. If the stock can break today’s high of $3.17, we should see a strong follow through move. GURE will move very quickly, so keep a very close eye on the stock.

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Complete Genomics, Inc.(NASDAQ:GNOM) looks a nice long candidate. Extremely bullish moves on GNOM are taking place over the last session’s.  Today, the stock jumped six per cent with good volume. MACD still giving buy signal and is currently above the 0 line. This momentum could push this stock much higher from here, so keep it on the radar. The next major resistance is located at $4.75. Existing holders may remain invested with a stop loss at $3.82. 

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Intuit Inc.(NASDAQ:INTU) - We finally got the breakout. Shares rallied past resistance near $58 and hit my trigger to open positions. The stock looks good for further gains from here.

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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22:18 | |

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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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