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Friday, August 05, 2011 

Stock Watch list For Next Week

 ( click to enlarge )

MasterCard Incorporated (NYSE:MA) might face a period of sideways action while it consolidates the gains booked in the last sessions. MA has been in a nice uptrend for the last 6 months and it looks very strong with both 50 day and 200 day moving average going up. The stock will face short to medium term resistance at $340.42. Once this level is crossed with good volumes, the stock can go to $372.

  ( click to enlarge )

InterDigital, Inc. (NASDAQ:IDCC) - The consolidation and compression that has been going on in the last two weeks is very healthy. The technical chart shows a bullish bias. EMAs are moving up and RSI is above its 50% level. William %R and Stochastic are also in buy mode. The price can head towards the 75-80 zone. If this zone is surpassed, getting to $100 would be a possibility. There was hearty volume in the September calls at the 75, 90 and 100 strikes. Over the last few weeks, there have been rumors IDCC is a takeover target. Google, Aaple, Oracle and Samsung are the possible suitors. I'm really convinced that this stock can easily double from here. For that reason, I'm still holding my shares in hope of a strong move.

 ( click to enlarge )

I remain bearish on Molycorp, Inc. (NYSE:MCP) in the near-term. MACD has a bearish crossover. In addition, the bearish crossover in the ADX chart adds to my conviction.

 ( click to enlarge )

Caribou Coffee Company, Inc. (NASDAQ:CBOU) broke out to all time highs !! The technical chart shows a bullish bias. The MACD had just cut above its signal line. While there is a chance that the stock had a false breakout, you still have to favor the underlying trend until it is proven. Nevertheless, keep this on your watchlist because the overall market sentiment on CBOU is pretty bullish.

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Other stocks to watch :
Earnings Announcements for Monday

1st Century Bancshares Inc - FCTY
99 Cents Only Stores - NDN
Aastrom Biosciences Inc - ASTM
Accelrys Inc - ACCL
Achillion Pharmaceuticals Inc - ACHN
ADAMS Resources & Energy Inc - AE
Advanced Analogic Technologies Inc - AATI
Advanced Battery Technologies Inc - ABAT
Air Lease Corp - AL
Airmedia Group Inc - AMCN
Albany International Corp - AIN
Albany Molecular Research Inc - AMRI
Alexander and Baldwin Inc - ALEX
Alexza Pharmaceuticals Inc - ALXA
Alliance HealthCare Services Inc - AIQ
Altra Holdings Inc - AIMC
Ambient Corp - AMBT
America First Tax Exempt Investors LP - ATAX
American Caresource Holdings Inc - ANCI
American Shared Hospital Services - AMS
American States Water Co - AWR
Amicus Therapeutics Inc - FOLD
Anadys Pharmaceuticals Inc - ANDS
Antares Pharma Inc - AIS
Appliance Recycling Centers Of America Inc - ARCI
ARC Wireless Solutions Inc - ARCW
Arca Biopharma Inc - ABIO
Arcadia Resources Inc - KAD
Ardea Biosciences Inc - RDEA
Array Biopharma Inc - ARRY
Arrowhead Research Corp - ARWR
Ascent Capital Group Inc - ASCMA
Assured Guaranty Ltd - AGO
Avanir Pharmaceuticals Inc - AVNR
Ballantyne Strong Inc - BTN
BANKS com Inc - BNX
Beacon Roofing Supply Inc - BECN
Biglari Holdings Inc - BH
BioDelivery Sciences International Inc - BDSI
Bioscrip Inc - BIOS
Black Diamond Inc - BDE
BP Prudhoe Bay Royalty Trust - BPT
Breitburn Energy Partners LP - BBEP
Bridgeline Digital Inc - BLIN
Brigham Exploration Co - BEXP
Bristow Group Inc - BRS
BroadSoft Inc - BSFT
Broadway Financial Corp - BYFC
Brookdale Senior Living Inc - BKD
BRT Realty Trust - BRT
Callon Petroleum Co - CPE
Canterbury Park Holding Corp - CPHC
Cardionet Inc - BEAT
Carefusion Corp - CFN
Carmike Cinemas Inc - CKEC
Carrols Restaurant Group Inc - TAST
Carver Bancorp Inc - CARV
Castle Brands Inc - ROX
Chatham Lodging Trust - CLDT
Chemspec International Ltd - CPC
Cheniere Energy Inc - LNG
Cheniere Energy Partners LP - CQP
China Education Alliance Inc - CEU
China Fire & Security Group Inc - CFSG
China Gerui Advanced Materials Group Ltd - CHOP
China Housing & Land Development Inc - CHLN
China Marine Food Group Ltd - CMFO
China Metro-Rural Holdings Ltd - CNR
China Natural Gas Inc - CHNG
China Nepstar Chain Drugstore Ltd - NPD
China Real Estate Information Corp - CRIC
China Sky One Medical Inc - CSKI
China Technology Development Group Corp - CTDC
China TransInfo Technology Corp - CTFO
China Yuchai International Ltd - CYD
Chindex International Inc - CHDX
Citizens Community Bancorp Inc - CZWI
Citizens Inc - CIA
CKX Lands Inc - CKX
Clean Energy Fuels Corp - CLNE
Coeur d Alene Mines Corp - CDE
Comstock Homebuilding Companies Inc - CHCI
Connecticut Water Service Inc - CTWS
Corcept Therapeutics Inc - CORT
Core Mark Holding Co Inc - CORE
Core Moldings Technologies Inc - CMT
Cover All Technologies Inc - COVR
Crestwood Midstream Partners LP - CMLP
Crown Crafts Inc - CRWS
Cyanotech Corp - CYAN
CytRx Corp - CYTR
DARA Biosciences Inc - DARA
Daxor Corp - DXR
Dealertrack Hldg Inc - TRAK
DG Fastchannel Inc - DGIT
Digital Power Corp - DPW
Document Security Systems Inc - DSS
Dollar Thrifty Automotive Group Inc - DTG
Dorchester Minerals LP - DMLP
Douglas Dynamics Inc - PLOW
DRI Corp - TBUS
DTS Inc - DTSI
Ducommun Inc - DCO
Dynegy Inc - DYN
E-House (China) Holdings Ltd - EJ
Electro Sensors Inc - ELSE
Ellington Financial LLC - EFC
Elong Inc - LONG
Emdeon Inc - EM
Empire Resorts Inc - NYNY
Energy Focus Inc - EFOI
EnergySolutions Inc - ES
EnerNOC Inc - ENOC
Enova Systems Inc - ENA
Enstar Group Ltd - ESGR
Entercom Communications Corp - ETM
Essex Rental Corp - ESSX
Evergreen Energy Inc - EEE
Express 1 Expedited Solutions Inc - XPO
Fairpoint Communications Inc - FRP
Falconstor Software Inc - FALC
First Advantage Bancorp - FABK
First Citizens Bancshares Inc - FCNCA
Flexible Solutions International Inc - FSI
Flexigroup Ltd - FXL.AX
Forward Industries Inc - FORD
Freeseas Inc - FREE
Friedman Industries Inc - FRD
Fuel Tech Inc - FTEK
G Willifood International Ltd - WILC
Gaiam Inc - GAIA
Gastar Exploration Ltd - GST
Genon Energy Inc - GEN
Giant Interactive Group Inc - GA
Globus Maritime Ltd - GLBS
Golden Minerals Co - AUMN
Golub Capital BDC Inc - GBDC
Gran Tierra Energy Inc - GTE
Gray Television Inc - GTN
Gtsi Corp - GTSI
Gyrodyne Co of America Inc - GYRO
Hallador Energy Co - HNRG
Hallwood Group Inc - HWG
Handy and Harman Ltd - HNH
Hanover Insurance Group Inc - THG
Harleysville Group Inc - HGIC
Hawthorn Bancshares Inc - HWBK
Hill International Inc - HIL
Hillenbrand Inc - HI
Himax Technologies Inc - HIMX
HMG/Courtland Properties Inc - HMG
Horsehead Holding Corp - ZINC
Houston Wire and Cable Co - HWCC
HSW International Inc - HSWI
Idenix Pharmaceuticals Inc - IDIX
IEC Electronics Corp - IEC
Information Services Group Inc - III
Ingles Markets Inc - IMKTA
Inhibitex Inc - INHX
Innospec Inc - IOSP
Innovaro Inc - INV
Insmed Inc - INSM
Integrated Electrical Services Inc - IESC
Intelligent Systems Corp - INS
Intersections Inc - INTX
Investors Capital Holdings Ltd - ICH
Iridium Communications Inc - IRDM
Isramco Inc - ISRL
Jinpan International Ltd - JST
Kennedy Wilson Holdings Inc - KW
Kent Financial Services Inc - KENT
Keryx Biopharmaceuticals Inc - KERX
Kindred Healthcare Inc - KND
Kohlberg Capital Corp - KCAP
KSW Inc - KSW
Landmark Bancorp Inc - LARK
LDK Solar Co Ltd - LDK
Lexicon Pharmaceuticals Inc - LXRX
Lifetime Brands Inc - LCUT
Ligand Pharmaceuticals Inc - LGND
Lime Energy Co - LIME
Limelight Networks Inc - LLNW
Lions Gate Entertainment Corp - LGF
Live Nation Entertainment Inc - LYV
Livedeal Inc - LIVE
LJ International Inc - JADE
LMI Aerospace Inc - LMIA
LSB Industries Inc - LXU
LTC Properties Inc - LTC
Luminex Corp - LMNX
MAKO Surgical Corp - MAKO
Manhattan Bridge Capital Inc - LOAN
Markel Corp - MKL
MarkWest Energy Partners LP - MWE
Maxygen Inc - MAXY
Medicis Pharmaceutical Corp - MRX
Mela Sciences Inc - MELA
Merriman Holdings Inc - MERR
MexCo Energy Corp - MXC
MGM Resorts International - MGM
Mindray Medical International Ltd - MR
Motorcar Parts of America Inc - MPAA
Move Inc - MOVE
National Security Group Inc - NSEC
Nautilus Inc - NLS
Neenah Paper Inc - NP
NF Energy Saving Corp - NFEC
Noah Education Holdings Ltd - NED
Nordic American Tanker Ltd - NAT
North Central Bancshares Inc - FFFD
Northern Oil and Gas Inc - NOG
Northern States Financial Corp - NSFC
NuPathe Inc - PATH
Oasis Petroleum Inc - OAS
Odyssey Marine Exploration Inc - OMEX
Omeros Corp - OMER
Oncothyreon Inc - ONTY
One Liberty Properties Inc - OLP
OPKO Health Inc - OPK
OptimumBank Holdings Inc - OPHC
Ossen Innovation Co Ltd - OSN
Otter Tail Corp - OTTR
Overhill Farms Inc - OFI
Oxford Resource Partners LP - OXF
Paragon Shipping Inc - PRGN
Pdi Inc - PDII
Pegasystems Inc - PEGA
Pennichuck Corp - PNNW
Pharmathene Inc - PIP
Phazar Corp - ANTP
PICO Holdings Inc - PICO
Poniard Pharmaceuticals Inc - PARD
Providence Service Corp - PRSC
Quicksilver Resources Inc - KWK
Rda Microelectronics Inc - RDA
Real Goods Solar Inc - RSOL
Repros Therapeutics Inc - RPRX
Resolute Energy Corp - REN
Response Genetics Inc - RGDX
Rgc Resources Inc - RGCO
RRSat Global Communications Network�Ltd - RRST
Salix Pharmaceuticals Ltd - SLXP
Scotts Miracle Gro Co - SMG
SIFCO Industries Inc - SIF
Sinohub Inc - SIHI
SMF Energy Corp - FUEL
Sorl Auto Parts Inc - SORL
South Jersey Industries Inc - SJI
Southern Connecticut Bancorp Inc - SSE
Southwest Gas Corp - SWX
Spanish Broadcasting System Inc - SBSAD
Sparton Corp - SPA
Sri Surgical Express Inc - STRC
Star Scientific Inc - CIGX
Stereotaxis Inc - STXS
Sterling Construction Co Inc - STRL
Stifel Financial Corp - SF
Summer Infant Inc - SUMR
Sun Hydraulics Corp - SNHY
Sunstone Hotel Investors Inc - SHO
Supertel Hospitality Inc - SPPR
Sutron Corp - STRN
Sykes Enterprises Inc - SYKE
Symmetricom Inc - SYMM
Synalloy Corp - SYNL
Take Two Interactive Software Inc - TTWO
Tandy Leather Factory Inc - TLF
Targa Resources Corp - TRGP
Tbs International PLC - TBSI
Techtarget Inc - TTGT
Tegal Corp - TGAL
Telestone Technologies Corp - TSTC
Telik Inc - TELK
Tesoro Logistics LP - TLLP
The Babcock and Wilcox Co - BWC
The Daily Journal - DJCO
The Madison Square Garden Co - MSG
Tier Technologies Inc - TIER
TigerLogic Corp - TIGR
Tower Group Inc - TWGP
Transmontaigne Partners LP - TLP
Transwitch Corp - TXCC
Tri Valley Corp - TIV
Trimeris Inc - TRMS
Tyson Foods Inc - TSN
Ultrapetrol Bahamas Ltd - ULTR
United Security Bancshares - UBFO
United States Cellular Corp - USM
Universal Display Corp - PANL
Universal Insurance Holdings Inc - UVE
Uranerz Energy Corp - URZ
US Energy Corp - USEG
US Geothermal Inc - HTM
Vimicro International Corp - VIMC
Vision Sciences Inc - VSCI
Waccamaw Bankshares Inc - WBNK
Walter Investment Management Corp - WAC
Whitestone REIT - WSR
Wireless Telecom Group, Inc. - WTT
World Heart Corp - WHRT
Xerium Technologies Inc - XRM
Yongye International Inc - YONG
York Water Co - YORW
Youkucom Inc - YOKU

The following list show stocks whose MFl (15) has been increasing over the last 2 sessions

QCOM - QUALCOMM Incorporated
MMI - Motorola Mobility Holdings
EM - Emdeon Inc
ERTS - Electronic Arts Inc.
NTAP - NetApp Inc
COF - CAPITAL ONE FNCL CORP
DFS - Discover Financial
AKAM - Akamai Technologies
VMC - VULCAN MATERIALS CO
PGR - PROGRESSIVE CORP
PAYX - Paychex, Inc.
GME - GAMESTOP CP
COST - Costco Wholesale Co.
CHS - Chicos FAS Inc
FTNT - Fortinet Inc
WWWW - Web.Com Group
CTXS - Citrix Systems, Inc.
SWI - SolarWinds
STEC - STEC Inc
KMX - CarMax Inc
MRGE - Merge Health Inc
GES - GUESS INC
CENX - Century Aluminum Co.
ENTG - Entegris, Inc.
NVLS - Novellus Systems, Inc.
HAS - Hasbro
ATSG - ABX Holdings Inc
MLI - MUELLER INDUSTRIES INC
CBOU - CARIBOU COFFEE COMP
VRSK - Verisk Analytics
VR - Validus Holdings Ltd
PSSI - PSS World Medical Inc
CRZO - Carrizo Oil & Ga
AAP - ADVANCE AUTO PARTS INC
INFA - Informatica Corp
RBCN - Rubicon Technology Inc
CWH - HRPT PROPERTIES TRUST
JVA - COFFEE HOLDING CO INC
ADTN - ADTRAN, Inc.
URS - U R S CORP
CCC - CALGON CARBON CORP
NSIT - Insight Enterprises
SMA - SYMMETRY MEDICAL INC
SKYW - SkyWest, Inc.
LHCG - LHC Group
LIWA - Lihua International
TLVT - TELVENT GIT SA ORD
ASGN - On Assignment, Inc.
CPA - COPA HOLDINGS S A
LZB - LA Z BOY INC
RGS - RGS ENERGY GROUP INC
ITRI - Itron, Inc.
WMGI - Wright Medical Group
MSCC - Microsemi Corporation
CEL - Cellcom Isreal Ltd
EBIX - Ebix Inc
AVAV - AeroVironment Inc
TLK - P T TELEKOM INDONESIA
HII - Huntington Ingals
MINI - Mobile Mini, Inc.
STAA - STAAR Surgical Company
TECD - Tech Data Corporation
MCRL - Micrel, Incorporated
NTCT - NetScout Systems, Inc
ALGT - Allegiant Travel Co
MBFI - MB Financial Inc.
FN - Fabrinet
CSA - COGDELL SPENCER INC
OME - OMEGA PROTEIN CORP
SRDX - SurModics, Inc.
ESL - ESTERLINE TECH CORP
NWY - NEW YORK & CO INC
UPI - Uroplasty Inc
SAFM - Sanderson Farms, Inc.
ENSG - The Ensign Group Inc
COHR - Coherent, Inc.
KNOL - KNOLOGY INC
EHTH - eHealth Inc
MDS - MIDAS GROUP
CTS - C T S CORP
ESIC - Internet Commerce Corp
ABCO - Advisory Board Comp
FLY - Fly Leasing Ltd
ANGO - ANGIODYNAMICS INC
ECPG - Encore Capital Group
SONO - SonoSite, Inc.
RLOC - ReachLocal Inc
LCRY - LeCroy Corporation

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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Tuesday, November 04, 2008 

Stock Picks and Trade Ideas for Wednesday - MA, MCK, PRU

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

MA - The outlook is now bullish and the stock could move to $180-182 levels in the near term. Stop-loss for existing holdings may be placed at $155. A close below this level would negate the positive outlook. Things to focus on the technical chart is the huge spike in volume today. It probably 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.

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

MCK - The stock has recovered some since last Wednesday, it closed at $45.50 today, but it is too early to say the bottom was found. The stock could seek higher levels in the near term. A close above $40 would confirm the positive outlook for the stock. Remain invested with a stop-loss at $36.86.

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

PRU - The near term outlook for the stock appears positive, although it continues to be in the midst of a medium term downtrend. On the upside, the stockp faces strong resistance at the $44-$45 range. A close past $45.02 is the minimum requirement for the resumption of an uptrend. Technically chart shows the stock has reversed the downward trend with MACD back above 0 and stock trading above 20 day moving average. In addition KD also indicate positive momentum.

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

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Tuesday, July 01, 2008 

Stock Picks and Trade Ideas for Wednesday - GOOG, CELG, MA, SNDK

Chart courtesy of stockcharts ( click to enlarge )

Shares of Sandisk fell sharply Tuesday to a new 52 week low as the maker of flash chips was the subject of another bearish Wall Street note. Kevin Vassily analyst of Pacific Crest Securities cut his financial estimates for SanDisk's second quarter and 2008 year, citing a market "awash in supply" of flash chips that has led to rock-bottom prices and is showing signs of lingering well into the future. Looking at the daily chart, the picture is really ugly. The stock is in a clear downtrend mode and it is still to early to say that the downtrend has ended, however the chart is showing signals of extremely oversold conditions which can lead to powerful rallies in response.

Chart courtesy of stockcharts ( click to enlarge )

MA - From the above chart patterns, it looks like a head and shoulder formation with a neckline around $260. A reversal at or below $260 would validate the chart pattern and then I will consider a short on the break of the neckline. But until that happen I remain flat, waiting for confirmation.

Chart courtesy of stockcharts ( click to enlarge )

Celgene shares surged 8.4 on Tuesday as a potential competitor to its bone-marrow cancer treatment in Europe failed a late-stage clinical trial. The stock broke out today on pretty good volume, we’ll see if it can continue or not.

Chart courtesy of stockcharts ( click to enlarge )

GOOG - From a technical perspective based in the chart, I still think the stock will fill the gap and and trade back into 460 area. The technical indicators continue to show signs of weakness.

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

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Thursday, May 29, 2008 

Stock Picks and Trade Ideas for Friday - JDSU, FSLR, MA, LDK, CLMT

Chart courtesy of stockcharts ( click to enlarge )

CLMT is starting to show signs of accumulation with high upside days and low downside days, watch $16 for a breakout. Inside trading is very active.

Chart courtesy of stockcharts ( click to enlarge )

LDK has soared in recent months. The stock is pulling back to the breakout area. Watch to see how it reacts to the ascending wedge. The %K line cross below the %D line, a bearish signal in short term.

Chart courtesy of stockcharts ( click to enlarge )

MA had a nice breakout today.

Chart courtesy of stockcharts ( click to enlarge )

FSLR - The stock broke support at $261.12 and broke below its 50-day moving average. Next support is at $236.57.

Chart courtesy of stockcharts ( click to enlarge )

JDSU has been consolidating and looks like it wants to test resistance at $12.10.


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 day !!!

AC

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Monday, April 21, 2008 

HOT Breakout stocks to Watch this week - AMZN, NTRI, PMCS, EXPD, MA, BIDU

Chart courtesy of stockcharts ( click to enlarge )

BIDU - On the technical side, the chart looks very good here. The stock broke through $320 resistance on Friday, and is trading above all of two major moving averages. Plus, the MACD is positive and rising. Nevertheless the risk of correction has increased as RSI is approaching overbought level, but any correction will probably mean buying opportunity at current technical trend. After this breakout the target zone is now $418.

Chart courtesy of stockcharts ( click to enlarge )

MA - Stock broke through resistance, but was not able to gather must momentum. Traders should continue to remain cautions and pre-define stop loss and targets. Hold with a stop-loss at $226.29.

Chart courtesy of stockcharts ( click to enlarge )

EXPD - The stock broke out of a horizontal rectangle pattern on Friday with increased volume, which is very bullish. The technical chart shows the stock has just entered into a bull market as the stock is on top of 50 day and 200 day moving average. Plus, MACD also shows buy as MACD back on top of signal line. I believe this stock can run higher from here.

Chart courtesy of stockcharts ( click to enlarge )

PMCS - The stock looks bullish as it has broken out of a small ascending triangle pattern.

Chart courtesy of stockcharts ( click to enlarge )

NTRI - The breakout was accompanied by good volume. For the coming week, price would probably trade between $19.90-$23. The technical chart shows the stock has been in a bull market since begin of April as the stock has been on top of 20 day and 50 day moving average. In addition MACD also indicates bull market as the MACD signal line has been on top of 0 since mid March.

Chart courtesy of stockcharts ( click to enlarge )

AMZN - Stock broke through resistance at $79 accompanied with high volume. We should be able to see some decent upside movement for the bulls here. Technical indicators such as KD and MACD also show buy signal as K line is on top D line and MACD fast line has just crossed on top over slow line.

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 weekend !!!

AC

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Wednesday, April 09, 2008 

Trade Ideas for Thursday - MA, NTRI, RFMD, JNPR,

Chart courtesy of stockcharts ( click to enlarge )

JNPR - It is still in downtrend and making new lows. Still cannot see the bottom. The stock is still in very weak market as 50 day moving average is still declining and MACD is still below 0. Stay away from her.

Chart courtesy of stockcharts ( click to enlarge )

RFMD is one of the stocks below $3 that I still watching closely for a while. After the sell off that has started early this year, the stock lost more than 60% of its market capitalization, burning lot of investors who have not protected their orders with stop loses. Since then, stock is trying to stabilize between 2.5 and 3, creating a nice base for a possible strong move. From here, I don't think that it can go much lower, due to the fact that its fundamentals are stabilizing, based on the latest press releases from the company. Also the recent announcement and purchase of shares, has become in a good tone for people believing in this monster asleep. From a technical point of view, $2.66 and $2.52 are a key levels to keep watching. The share price is now perched just above the crucial support level at $2.66. A close below this level would spell weakness. Hold with a stop-loss. I added this stock to my portfolio, in the event of a significant improvement of the handset market over the second half of the year.

Chart courtesy of stockcharts ( click to enlarge )

NTRI - Another day, another strong gain. I love gap ups as everyone knows. I really believe that this stock will be trading above $23 in the next 30 days. If not, then it should come down to $18 where I will back up the truck like Cramer would say. Stay tuned on her.

Chart courtesy of stockcharts ( click to enlarge )

MA - The stock made a new all time intraday high at $236.19, however in the final hour stock retracted closing below previous high. The technical chart shows the stock is 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. Let's see if tomorrow stock will confirm intraday breakout. Support is now at $219.18 and resistance at $236.19. Lets 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. Have a nice day !!!

AC

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Wednesday, March 26, 2008 

Stocks to watch Wednesday - GOOG, FSLR, MA, JDSU, LFC

Chart courtesy of stockcharts

As you can see via the chart above, LFC is close to breaking the downtrend line at $57, which is resistance. A break of the trendline would be very bullish. The stock is showing strength with KD and MACD rising, so keep an eye on her.

Chart courtesy of stockcharts

MA is setting up nicely to break into all time highs.

Chart courtesy of stockcharts

JDSU - Stock broke through resistance at $14, but was not able to gather must momentum. I held it for a while and then sold after it broke back below $14.

Chart courtesy of stockcharts

FSLR broke the bull flag consolidation pattern here. It's time to be Bullish again on stock. MACD and RSI returned to the Bullish area. If shares can break the $236 mark then bulls should be able to target a move to $283. Stay tuned.

Chart courtesy of stockcharts

GOOG - If resistance becomes support on GOOG, then $450 is a good entry point, however the volume is not giving us a clear signal. Be patience.

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 day !!!

AC

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  • I'm a 44 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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