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Tuesday, July 02, 2013

Stocks to Watch for July 03, 2013

( click to enlarge )

The Kroger Co. (NYSE:KR) seems to have broken out of a consolidation pattern on a above avaearge volume and appear ready for more gains. Target price of this formation would be above $38. From a technical standpoint, the MACD is indicating a bullish signal as it is above the signal line and at the same time above the center line. The RSI also is above 50 and stochastics is going up. 34.03 is its support level.

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KLA-Tencor Corporation (NASDAQ:KLAC) stock price is still contained within a large ascending triangle pattern with resistance around 57. That resistance level is the area to watch closely and a close above with volume is a strong buy signal.

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Ross Stores, Inc. (NASDAQ:ROST) Stalking. It's a buy on a break of 66.42 with solid volume. Technicals looking Bullish here. All EMA's are moving up and providing support.

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Qihoo 360 Technology Co Ltd (NYSE:QIHU) had a significant bullish momentum last week but the stock price is now struggling near the highs. Consistent move above $49 could be a beginning of a new leg up. Immediate support is at 45.92 followed by 44.97.

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Xerium Technologies, Inc. (NYSE:XRM) If the stock can manage a breakout above 11.25 on high volume, it would be a great buying opportunity but only on a breakout. Keep it on your watch list going forward.

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: KLAC, KR, QIHU, ROST, XRM

22:23 | Permalink |

Monday, May 24, 2010

Stock picks for Tuesday May 25

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Shares of KLAC have begun to post lower highs and are on the verge of breaking support at the $28.21. The weak outlook would be negated on a close above $30.12. A close above this level would warrant liquidation of short positions.

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Currently BAC has support near $14.86 and again at $14.42. Given the bearish turn in the technical indicators I suspect the stock may be ready to breakdown into a new trend lower. Stay tuned.

( click to enlarge )

BIDU is another stock that is rising with a bullish trend of higher lows. Volume on Monday's gain was below average but the stock closed back above its 5-dma. Short-term technicals are turning positive. Hold your current position with a stop at $66.

( click to enlarge )

After the initial drop GNBT rallied back to close at $0.38 recovering all the losses of the day. Maybe the fact that the stock closed above the support again at $0.37, was a good sign. In addition, short-term technical indicators are improving and the MACD on the daily chart recently produced a new buy signal. If the stock can break Monday’s high, we should see a strong follow through move. GNBT will move very quickly, so keep a very close eye on the stock.

Bullish Reversal Alert

ACUR Acura Pharmaceuticals, Inc.
ASMI ASM Intl N.V.
AVNW Aviat Networks Inc.
BRCD Brocade Communications Systems, Inc.
BRKR Bruker Corp.
CA CA Inc.
CAEI China Architectural Engineering, Inc.
CNMD CONMED Corp.
CPSI Computer Programs and Systems Inc.
CVVT China Valves Technology Inc.
CXDC China XD Plastics Co. Ltd.
DLLR Dollar Financial Corp.
EBAY eBay, Inc.
FBCM FBR Capital Markets Corp.
FMER FirstMerit Corp.
GXDX Genoptix Inc.
HMSY Health Management Systems, Inc.
LFUS Littelfuse, Inc.
MYRG MYR Group, Inc.
NWSA News Corp. Ltd.
OPLK Oplink Communication, Inc.
PSUN Pacific Sunwear of California, Inc.
RGEN Repligen Corp.
SMOD SMART Modular Technologies Inc.
SUPG SuperGen, Inc.
TEVA Teva Pharmaceutical Industries Ltd.
UTIW UTi Worldwide Inc.
VISN VisionChina Media Inc.
WFSL Washington Federal, Inc.
WGBS WaferGen Bio-systems, Inc.
WMAR West Marine, Inc.

Earnings Announcements for Tuesday

AutoZone Inc. - AZO
Convio - CNVO
Cracker Barrel Old Country Store, Inc. - CBRL
DANAOS CORP - DAC
DSW Inc. - DSW0
Dycom Industries - DY
Elbit Imaging Ltd. - EMITF
Flowers Foods - FLO
HEICO - HEI
Hutchison Telecommunications International Limited - HTX
ITURAN LOCATION & CONTROL- ITRN
Ixys Corporation - IXYS
Medtronic Inc. - MDT
NETEZZA CORP - NZ
Palm Harbor Homes - PHHM
Partner Communications - PTNR
Pointer Telocation Ltd - PNTR
Pulaski Financial - PULB
ROYAL STD MINERALS INC - RYSMF.OB
SALARY.COM INC - SLRY
Sanderson Farms - SAFM
Sino-Global Shipping Agency Limited - SINO
Sociedad Quimica y Minera de Chile SA - SQM
Stanley, Inc. - SXE
Tefron - TFRFF.OB
TIVO INC - TIVO
Trina Solar Limited - TSL
TTI Telecom - TTIL
WSP Holdings Ltd - WH

Unusual Volume

SCLL - Stem Cell Innovations, Inc.
BRCD - Brocade Communications
CRM - SALESFORCE.COM INC
EXPU - Expert Group, Inc.
CRGO - Cargo Connection Logistics Holding, Inc.
EESO - Enzyme Environmenta
OEH - ORIENT-EXPRESS HOTE
CLDX - Avant Immunotherapeutics
AZSEY - ALLIANZ Se
RRGB - RED ROBIN GOURMET B
VRGY - Verigy
WOLV - Wolverine Exploration
AMNG - The Amergence Group
NTMG - NT Mining Corp
DLIA - DELIAS INC
BELM - Bell Microproducts
GETG - Green Earth Technol
ROYE - World Marketing Inc
ALYI - Alternet Systems Inc
ADLR - Adolor Corp
SCC - UltraShort Consumer
BHPLF - BHP BILLITON LTD
SHMN - SOHM Inc
ZBB - ZBB Energy Corp
WSTM - Workstream Inc.
CBRX - Columbia Laboratories
FLOW - Lava Flow Inc
TAON - Tao Minerals
HIBB - Hibbett Sports
NDSN - Nordson Corporation
CEMI - TRADING SOLUTIONS
PROJ - Deltek Inc
EURX - Eurand NV
ICRD - Inetevents Inc
LQDT - LIQUIDITY SERVICES
LUNMF - LUNDIN MNG CORP
WLBC - Global Consumer Acq
SONO - SonoSite, Inc.
SNCTO - SOVEREIGN CAP TR IV
GARB - Garb Oil & Powe.
CXE - Mfs Hi Incm Muni
ALIZF - Allianz AG

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.

That's all folks. See you tomorrow !!!

AC

Labels: BAC, BIDU, GNBT, KLAC

22:29 | Permalink |

Saturday, March 27, 2010

Hot stock alerts for Monday March 29

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PLUG - Plug failed to close over the 200 day moving average now located at $0.76. A close over this level would be bullish and I'd look for Plug to test the 0.91 area. When the stock breaks above $0.76, I plan to buy more stock on the break out. The technical daily chart shows bullish signal as %K line is on top of %D line and MACD is on top of zero. There could be profit taking as the PLUG seems to rise too quickly in a short time. However now that PLUG is above 50 day moving average, we should see the trend continue to be upward. In addition, the insiders seem to be optimistic about the company and they have bought shares this month.

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RIMM is simply telling me that this is a nice healthy pullback after a big run. The trend should resume back up in the very near future. The technical daily chart is also showing declining volume but stock has a Bullish outlook.

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HEB - The stock surged in the final hour of trading on Friday and closed back over the 10-day moving average. The real fireworks should begin if HEB can close above $0.75. As long as the stock can remain above $0.705, I like the stock. The technical daily chart shows the stock is ready for new rally as %K line is now on top of %D line. In addition with the stock breaking above 20 day moving average we may probably see more buyers coming.

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KLAC has been trading in a sideways channel the past few weeks, but could be setting up for a breakout move. The high of this channel is $31.06. If the stock can break through, we should see heavy volume drive the stock higher. There looks to be good upside in this trade, so keep KLAC on your trading screen next week.

Other stocks to watch :

DRYS - Dry Ships is still in bottoming mode it looks like. I plan to buy the stock when it closes back over the 50 day moving average located at $5.75.

The daily chart created a bullish engulfing candlestick formation on Friday

TWX - AMERICA ONLINE INC
ACN - Accenture Plc
LXP - Lexington Realty Trust
SE - SPECTRA ENERGY CORP
BPW - BPW Acquisition Corp
LULU - lululemon athletic
OSIP - OSI Pharmaceuticals
RL - POLO RALPH LAUREN CORP
NOG - Northern Oil and Ga
EJ - E-HOUSE (CHINA) HOL
WCC - WESCO INTERNATIONAL
HXM - HOMEX DEVELOPMENT C
DLB - DOLBY LABORATORIES INC
GCO - GENESCO INC
RGNC - REGENCY ENERGY

The daily chart created a bearish engulfing candlestick formation on Friday

MSFT - Microsoft Corporation
MO - ALTRIA GROUP
AXP - AMERICAN EXPRESS CO
SWKS - SKYWORKS SOLUTNS
BX - Blackstone Group LP
TJX - TJX COMPANIES INC
SPG - SIMON PROPERTY GROU
ASBC - Associated Banc-Corp
BPO - BROOKFIELD PROPERTI
LRCX - Lam Research Corporation
MCK - MCKESSON HBOC INC
SLG - SL Green Realty Corp
BEN - FRANKLIN RESOURCES INC
AMB - AMB Property Corp
AVB - AVALONBAY COMMUNITI
NU - NORTHEAST UTILITIES
LRY - LIBERTY PROPERTY TRUST
LGF - Lions Gate Entertainment
NAV - NAVISTAR INTL CORP
CLI - MACK CALI REALTY CORP
DSX - DIANA SHIPPING INC
FLS - FLOWSERVE CORP
WRE - WASHINGTON R E I T
PPC - PILGRIMS PRIDE CP
DOLE - Dole Food Co
CPT - CAMDEN PROPERTY TRUST
AMMD - American Medical Sy
TCO - TAUBMAN CENTERS INC
QCOR - Questcor Pharm
BLK - BLACKROCK INC
RCI - ROGERS COMMUNICATIO
NKTR - Nektar Therapeutics
IRC - INLAND RE CORP
SXCI - SXC Health Solutions
DPZ - DOMINO'S PIZZA INC
LL - Lumber Liquidators Inc
MPWR - MONOLITHIC POWER SY
LPNT - LifePoint Hospitals
ENZN - Enzon, Inc.
XIDE - EXIDE TECHNOLOGIES WI
MBFI - MB Financial Inc.
BEAT - CardioNet Inc
ZRAN - Zoran Corporation
TSRA - TESSERA TECHNOLOGIE
CSH - CASH AMERICA INTL INC
CETV - Central European Me
CYN - CITY NATIONAL CORP
IBKC - IBERIABANK Corporation 59
HRBN - HARBIN ELECTRIC INC
ASCA - Ameristar Casinos

List of stocks where MA 13 crossed below the MA 50 ( Bearish Cross ) on Friday

WFT - Weatherford International
WAMUQ - Washington Mutual Inc
UNH - UNITEDHEALTH GROUP INC
EGO - ELDORADO GOLD CP
TLM - TALISMAN ENERGY INC
MMR - MCMORAN EXPLORATION CO
LINE - LINN ENERGY LLC UTS
TDC - Teradata Corp
DGP - DB Gold Double Long
GNK - GENCO SHIPPING & TR
REXX - Rex Energy Corp
PKD - PARKER DRILLING CO
BBG - Bill Barrett Corp
NEOP - Neoprobe Corp
NX - Quanex Building
SJT - San Juan Basin Royalty
MIPI - Molecular Insight P
AHD - ATLAS PIPELNE HLDING
ZOLL - Zoll Medical Corporation

List of stocks where MA 13 crossed above the MA 50 ( Bullish Cross ) on Friday

ABIO - Nuvelo Inc
AMAT - Applied Materials
SMOD - SMART MODULAR TEC
NBG - NATIONAL BANK OF GR
CSIQ - Canadian Solar Inc
EMKR - EMCORE Corporation
ISIS - Isis Pharmaceutical
K - KELLOGG CO
LOGI - Logitech International
CCTC - Clean Coal Technolo
CHL - China Mobile ltd
AVY - AVERY DENNISON CORP
PENN - Penn National Gamin
DGX - QUEST DIAGNOSTICS INC
SNI - SCRIPPS NETWORKS INT
HEV - Enerl Inc
MSG - Madison Square Gard
FBP - FIRST BANCORP
ROHI - Rotech Healthcre
BOH - PACIFIC CENTURY FNC
VRSK - Verisk Analytics
VE - VEOLIA ENVIROMENT ADS

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 nice weekend !!!

AC

Labels: ABIO, HEB, KLAC, PLUG, RIMM

20:35 | Permalink |

Monday, July 06, 2009

Trade Ideas for Tuesday - Labopharm and KLA-Tencor Corporation

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

DDSS has a Bullish looking stock chart, price broke out from the horizontal resistance mark around $2.45 per share on a respectable volume. The technical daily chart show a continuation of the trend with MACD and RSI in the Bullish areas. From a technical viewpoint, the stock is continuing to develop new highs and therefore defining a new bullish trend. Initial support is at 2.46 and followed by 2.37, as long as 2.46 support holds, I'd expect up trend to continue and further rally could be seen to 2.95 zone. However, a break of 2.37 level will take price back towards 2.20 level. Let's see if tomorrow the stock will confirm the recent breakout.

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

KLAC remains in a short up trend. Further rise to test 27.87 resistance is still possible, and a break of 26.36 ( 50-day moving average ) will confirm such case. Initial support is at 25.41. Investors should contemplate fresh purchases only on a close above this 26.36. Most of the technical indicators are pointing towards some more upside in the coming sessions. RSI have moved above the 50 points mark in the daily chart and Stochastic oscillators are surging.

That's all Folks. See you tomorrow !!!

AC

Labels: DDS, KLAC

21:51 | Permalink |

Friday, October 24, 2008

The Black Friday

Stock markets tumbled around the world on Friday on deepening concern the global economic slump will crimp corporate earnings. In fact, it's difficult to have any words for this situation right now. The financial crisis is clearly devastating the profits of industries from banking to construction, and the profit forecasts is not promising for all of them. The credit turmoil spread, is threatening the economic growth everywhere. Lenders worldwide have had more than $660 billion of writedowns and credit losses from a credit freeze that a succession of government bailout plans has yet to unlock. U.S. lawmakers are considering a second fiscal stimulus and Italy, Germany and France are looking at tax breaks to shield the economy from the financial market fallout. There are so many measures taking in place that no one cares about it, the confidence is the current financial system has gone. The problem is now so big, that honestly I don’t know when this will stop. The fears of a deep recession, the restriction of credit, and the consequent decline in profits of the companies or in other cases, the bankruptcy of them, can push the markets to historic low levels. It’s hard to predict and difficult to admit, but it can become a reality.

See below more trade Ideas for the week head :

Chart courtesy of stockcharts ( click to enlarge )

AMZN - The stock is still trading in a downward trend on the daily chart unable to push higher above the near-term resistance levels. Important resistance is at $52.40 and a daily close above $55 will confirm a short-term rise towards $60-$61. Positive divergence is noticed in MACD which makes me believe that we could see a short-term bullish reversal. From my point of view, it is better to be cautiously bearish from current levels and instead look for buying opportunities on dips. Supports, at 43.39 & 43.31. Resistances, at 52.32, 55 & 57.84 cents respectively.

Chart courtesy of stockcharts ( click to enlarge )

KLAC's stock breaks down Friday and makes a new 52-week low. 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 $20.62 would impart positive momentum.

Chart courtesy of stockcharts ( click to enlarge )

CIEN - After a weak trend in the first days of the week, the stock recovered ground in the last trading session. The recent recovery appears to be just a correction to the earlier fall. The stock is expected to rule weak and a drop to $7-$7.50 range appears likely. A close below $8 would confirm the negative outlook and also enhance the chances of a drop to $7-$7.50 range. Hold with a stop-loss at $8 and use a trailing stop-loss in the event of an upward move.

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 on Monday !!!

AC

Labels: AMZN, CIEN, KLAC

21:55 | Permalink |

Monday, August 25, 2008

Stock Picks and Trade Ideas for Tuesday - KLAC, SSCC, AAPL, RMBS

Chart courtesy of stockcharts ( click to enlarge )

RMBS - The stock looks like is close to attempting another breakout. Although the stock didn't perform well this year, we start to see now some signals of rebound as the technical chart shows positive momentum is back. RSI has crossed over 50 ->short term bullish. Positive money flow index is confirming the upside movement. The stock is also back above 20 day moving average showing positive momentum. Although both 50 day and 200 day moving averages are falling, the rising KD shows the stock is probably now in recovery mode. Stay tuned on it.

Chart courtesy of stockcharts ( click to enlarge )

AAPL - The stock may find resistance at $176.23 while its 50-day moving average of $170.28 might act as the potential support level. 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. Stay tuned on Apple.

Chart courtesy of stockcharts ( click to enlarge )

Technically, SSCC shows a downward channel trend for the last 9 months. The bottom of the channel is around $3. The chart shows the stock is in a bear market as it is way below of 200 day moving average and trading below its 20 and 50 day moving averages. In addition, since MACD is in negative territory as it has dropped below 0 this is not the time yet to buy the stock for long. Only a break above $5.52 would reinstate bullishness.

Chart courtesy of stockcharts ( click to enlarge )

KLAC - This stock is holding up nicely above the key support of $38.98 ( 50 EMA ) in this weak market environment. Short-term investors can hold the stock as long as it trades above this support with a stop at $38.98. Long-term investors can keep a deeper stop at $36.80.

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: AAPL, KLAC, RMBS, SSCC

18:58 | Permalink |

Saturday, July 12, 2008

Stock Picks and Trade Ideas for Next week - AMAT, INTC, QCOM, KLAC

Chart courtesy of stockcharts ( click to enlarge )

KLAC - This weeks price action suggests that we have some kind a bottom around $35. Currently the stock is trading in a basic technical analysis pattern known as the “downtrend channel”. The daily chart shows that KLA-Tencor share price is in a downtrend with a possible breakout around $41. It has tested that level Monday but failed to stay above the $41 mark. There is nothing positive about the technical chart. All other indicators still point to a bear market.

Chart courtesy of stockcharts ( click to enlarge )

QCOM has just tested its medium-term uptrend line support at $44 and rebounded. Further test of this uptrend line is possible. If the uptrend line is not violated, this could be a good entry to a solid stock, which is trading at a PE of 23.35 times. The technical chart shows the stock is in a very strong upward momentum as both 50 day and 200 day moving averages are going up along with the stock. MACD and KD als shows the stock is currently in a bullish market. Based on the technical indicators I expect a move up to $50.81 in the coming sessions.

Chart courtesy of stockcharts ( click to enlarge )

INTC - Intel has a mixed technical chart at this point. The stock broke support at $21.79 early this month and broke below its 50 and 200 day moving averages. Next support is at $19.38. Intermediate trend remains neutral. Short term momentum indicators such as MACD, RSI, Stochastics are substantially oversold, but not yet show signs of a recovery. It is tempting to go long, but staying away is far better than losing some money !! Wait for a clear confirmation.

Chart courtesy of stockcharts ( click to enlarge )

AMAT -Support has been broken which suggests further losses. The stock is now extremely oversold and any pull back will attract new shorts. Use the support level that was broken as resistance for your new stop-loss point on the short.

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 for more Trade Ideas !!!

AC

Labels: AMAT, INTC, KLAC, QCOM

21:09 | Permalink |

Tuesday, April 08, 2008

Trade Ideas for Tuesday - JNPR, FSLR, LRCX, KLAC

Chart courtesy of stockcharts

KLAC - This stock has been is on a remarkable run since mid March. The long term trend is turning positive as the stock is back above 50 day moving average. However since RSI is approaching overbought level there may be chance of short correction and for now $44 level will be hard to break.

Chart courtesy of stockcharts

LRCX - Chart is printing a strong Bullish movement after stock has broken the key resistance area of $13.31. However in short term we should see a small pull back, due to the overbought conditions in some indicators. Previous resistance at $43 is now support and a good point of entry.

Chart courtesy of stockcharts

FSLR has broken out today and made a new 52 week high during regular session, however shares fell well below of their highs by the end of the day, to finish at $272.25. Let's see tomorrow reaction after intraday breakout. Looking at the technical chart the only important remark that should be considered is the indicator KD that is somehow negative as K line has dropped below D line.

Chart courtesy of stockcharts

JNPR - The stock broke support of $24 today. JNPR can continue going down, because there is no supports below. Unless the JNPR can recover above the resistance at $24, the technical outlook for the stock will be bearish and we should reduce our exposure. Looking at the daily chart, it shows very bearish sign as the 50 day moving average has crossed below 200 day moving average around February forming the Death Cross. Plus, other technical indicators such as MACD and KD also show sell signal as MACD is below signal line and K line is dropping below D line. Hard to say how far down it will go, since that depends on the strength of any selling.

Labels: FSLR, JNPR, KLAC, LRCX

06:41 | Permalink |

Thursday, April 03, 2008

Stocks for Friday - AMD, KLAC, PMCS, CSIQ

Chart courtesy of stockcharts

CSIQ had a strong day and broke through its resistance line. The volume confirmed the breakout, as it was greater than average. Look for Canadian Solar to test the prior highs of December. With technical chart showing strength as MACD is above signal and K line above D line , we could see the stock keep going up.

Chart courtesy of stockcharts

PMCS - As expected, the stock found resistance at the 6.5 resistance level. Stock might see a short term pullback before a breakout

Chart courtesy of stockcharts

KLAC - The stock broke through its major resistance at $40 with higher volume, so make sure to keep watching this one. Next resistance is at $40.59 ( 50 dma ).

Chart courtesy of stockcharts

AMD - For the 8th time, this stock is trying to break a downtrend line from February. Looking at the daily chart, a break of the line is imminent in my opinion, regarding to the Sto and MACD indicators, both rising. Buy point is when it crosses the downtrend line on heavy volume and closes out of the pattern.

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 nice evening !!!

AC

Labels: AMD, CSIQ, KLAC, PMCS

21:15 | Permalink |

Wednesday, March 19, 2008

Stocks to keep an eye on tomorrow session - RNWK, KLAC, CNXT, C , ADBE

Chart courtesy of stockcharts

ADBE - Great earnings on this stock. Entry point would be on the day it blows through $36.46 on heavy volume. I would like also to point out that MACD Fast line crossed above MACD Slow Line, producing a Buy signal.

Chart courtesy of stockcharts

The break of the resistance line with heavy volume should be the next buy point on Citigroup. If it clears resistance at $22, the move may be powerful.

Chart courtesy of stockcharts

CNXT looks like it wants to test the first resistance line above at $0.50. Looking at the daily chart, MACD shows buy signal as MACD rising above signal line and KD is also showing buy signal with K line now above D line.

Chart courtesy of stockcharts

KLAC was a nice play after have broken the support line last week, however, it looks like there is more downside here. I believe stock will test recent lows at $35.25. All the indicators are in favor of Bears.

Chart courtesy of stockcharts

RNWK - After sharp gains yesterday, the stock has found resistance again on its 50 day moving average, pulled back to close just under the support area at $5.60. At this level, we will see if it can hold here or try a new up movement. Recent technical indicators for Real Networks have been slightly bearish, with MACD below 0 and K line below D line. So, if you want to buy the stock, wait !!! this is not a good time.

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 evening !!!

AC

Labels: ADBE, C, CNXT, KLAC, RNWK

20:57 | Permalink |

Saturday, March 15, 2008

Financial turbulence continues, penalizing stocks

Chart courtesy of stockcharts

KLAC - The stock broke support of $40 Wednesday on above average volume. KLAC can continue going down, because there is no supports below. Unless the KLAC can recover above the resistance at $40, the technical outlook for the stock will be bearish and we should reduce our exposure. Hard to say how far down it will go, since that depends on the strength of any selling.

Chart courtesy of stockcharts

AAPL - The worst is over? Good potential to move, but no buy signal yet. Keep watching this one.

Chart courtesy of stockcharts

C - The stock made a new 52-week low at $19.54 on Friday. Technically the stock is still in weak market as MACD is still below 0 and 50-day moving average is below 200-day moving average. Honestly speaking, this is still not the right time to buy the stock as it is still in downtrend and the financial turbulence continues.

Chart courtesy of stockcharts

JPM - The stock made a new 52-week low at $36.01 on Friday. Technically in the same scenario of Citigroup. This is not a good time to buy financial stocks.

Chart courtesy of stockcharts

BAC - The stock has been on downtrend since October. With stock trading below its major moving averages, it is still in weak bear market so wait for uptrend coming back before buying the stock. I think BAC will test February lows before move up again. Pay particular attention for a possible break down of $35.15 level, RSI shows its going to break down. Keep watching this one.

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 weekend !!!

AC

Labels: AAPL, BAC, Citigroup, JPM, KLAC

08:23 | Permalink |

AC Investor Blog

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

Tuesday, July 02, 2013

Stocks to Watch for July 03, 2013

Monday, May 24, 2010

Stock picks for Tuesday May 25

Saturday, March 27, 2010

Hot stock alerts for Monday March 29

Monday, July 06, 2009

Trade Ideas for Tuesday - Labopharm and KLA-Tencor Corporation

Friday, October 24, 2008

The Black Friday

Monday, August 25, 2008

Stock Picks and Trade Ideas for Tuesday - KLAC, SSCC, AAPL, RMBS

Saturday, July 12, 2008

Stock Picks and Trade Ideas for Next week - AMAT, INTC, QCOM, KLAC

Tuesday, April 08, 2008

Trade Ideas for Tuesday - JNPR, FSLR, LRCX, KLAC

Thursday, April 03, 2008

Stocks for Friday - AMD, KLAC, PMCS, CSIQ

Wednesday, March 19, 2008

Stocks to keep an eye on tomorrow session - RNWK, KLAC, CNXT, C , ADBE

Saturday, March 15, 2008

Financial turbulence continues, penalizing stocks

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