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Monday, November 30, 2015 

Stocks to Watch for December 01, 2015

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I've mentioned Celladon Corp (NASDAQ:CLDN) for the bulls out there. It looks like the stock is starting to turn back up and daily technical indicators are giving the first bullish signs. I am looking to see this stock re-test its June highs shortly. The MACD is increasing and the stock price has regained its position above all the short-term major EMAs. The nearest trend is in favour of Bulls and CLDN has room to go higher. If the stock can break through $1.89 tomorrow, we should see strong volume drive the stock higher. Also watch out for other resistance levels at $2.04 which is the 100-day exponential moving average.

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VirnetX Holding Corporation (NYSEMKT:VHC) From a technical perspective, there are some signs of a possible bounce here, due to the positive divergences (MACD Hist) and extreme oversold readings, which often leads to short covering. Plus, insiders have been very bullish about the stock and all transcations are stock purchases from CEO and Director. I expect a strong bounce soon.

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Plug Power Inc (NASDAQ:PLUG) displayed relative strength and price finally broke through the 50-day EMA on decent volume. The MACD just crossed above signal, giving the bulls the signal they wanted. It has momentum back on its side.

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Lpath, Inc. (NASDAQ:LPTN) broke the downtrend line that it established since June and traded nearly 3x normal daily volume. The stock has the potential to make a big run this week, so keep a close eye on LPTN and don’t miss the trade.

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Mosaic Co (NYSE:MOS) Positive divergences on daily indicates bounce coming.

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Micron Technology, Inc. (NASDAQ:MU) I alerted this one on Twitter morning as a potential mover and the stock did what it was supposed to do, closing up 37 cents or 2.38% on the day trading more than 13 Million of shares. The stock hit a high of $16.01, which is resistance for Tuesday’s move. MU showed strength throughout the day and should continue this upside move. If the stock can break through this level, I expect to see another strong upside move to $17 and better.

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Ambarella Inc (NASDAQ:AMBA) broke and closed above 50-day EMA on high volume. Looks good here with plenty of room to run to the next resistance at $68.86

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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Saturday, July 18, 2015 

Stocks to keep an eye on July 20, 2015

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Keep a close eye on Genetic Technologies Limited (NASDAQ:GENE) next week since I expect volume and price to increase beyond Friday's market. The stock showed solid accumulation all day and what looks like a rebound that could take shares to higher levels. In fact, the positive sentiment generated the highest volume over the past 2 months. Technically speaking, GENE has been increasing on higher volume which is very bullish. In the past, this stock has been able to significantly witness growth in market valuation, following this type of trading activity that has been seen recently. In my opinion the momentum is back. A break above $3.60/3.75 area (where it is now) could attract more aggressive traders and would take the stock back to highs not seen since April around 5-6. This stock should be placed at the top of your radar Monday morning as we could see it blast right through its key resistance and give us some rock solid gains. Stay tuned.

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Micron Technology, Inc. (NASDAQ:MU) has started gaining buying traction at lower value. It has recovered 16% from 52-week low of 17.14 made recently on increased volume. Further gains are expected next week. The bulls are stepping in as you can see by the uptrending of the Accumulation/Distribution indicator. Will Continue to watch this stock. Nice gap to fill if it can break through resistance.

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Mosaic Co (NYSE:MOS) is trading at $45.26 and I believe this could be the perfect time to take a close look at this stock. With heavy volume at the end of last week, after The Wall Street Journal reported CF Industries Holdings is “in advanced talks for a merger deal with Dutch counterpart” OCI N.V. it looks to me that stock is ready for a big bounce. The M&A activity could intensify now due to the strong dollar. If you examine the technical daily chart above, you will see where I highlighted some positive divergences that could propel it higher. Watch for a break of 46 and another push upwards.

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Expedia Inc (NASDAQ:EXPE) over the last 2 months has been consolidating its big run-up from mid-February to the end of May. In the last 2 weeks the stock has run-up towards resistance in the 112 area. A move above this key resistance zone on volume would confirm the breakout and could lead to 115 initially and then 120, my secondary target. Stop loss would be 101.75 (100EMA). The trend indicator MACD has triggered a short-term BUY signal. On watch.

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Ambarella Inc (NASDAQ:AMBA) is picking up momentum and could make a good upside very soon. The trend indicator MACD has triggered a fresh buy signal as it curved upward and crossed above its signal line. I expect prices to see a short-term rally to test 120 levels. Setting up a possible resistance breakout trade. Long over 111.50 on volume.


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Plug Power Inc (NASDAQ:PLUG) Keep a close eye on this one next week. The stock price is showing signs of a bounce and next level of resistance according to this daily technical chart above is at 2.40. The Daily MACD is also showing a bullish cross, indicating that this push higher may be the start of something much bigger to come. You need to watch this closely because it could break resistance.

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, September 01, 2009 

Stock Market Ideas for Wednesday - Potash , The Mosaic Company and RF Micro Devices

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

POT has good support at $85.74 ( 200-dma ). If it falls below this level, then it can possibly go down to $75 area. Looking at the daily chart, the MACD continues below its signal line, showing a clear evidence of a Bearish trend. Short term momentum indicators, such as RSI and Stochastics are substantially oversold but have not yet showed technical signs of a recovery.

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

RFMD - The stock closed fractionaly above the major support at $4.47, but any close below this level could have further negative implications for the stock, and a move to $4 cannot be ruled. It is better to stay at the sideline and see how the stock react for the next few days as the stock has approached the pressure line of 50 day moving average and also is coming back to test support at the previous breakout area. Keep a close eye on RFMD for the next few trading sessions.


MOS - From a technical standpoint, I still think the stock will fill the gap and trade back into 45 area. The technical indicators continue to show signs of weakness.

Other Stocks to Watch :

ArcSight Inc. - ARST ( Record Price Break Out )
America's Car-Mart, Inc. - CRMT ( Record Price Break Out )
Cell Therapeutics, Inc. - CTIC ( broke down the 50 day moving average )
Fulton Financial Corp. - FULT ( Recent Insider Buying )
Valley National Bancorp - VLY ( Recent Insider Buying )
Rock of Ages Corp. - ROAC ( Recent Insider Buying )
Unifi Inc. - UFI ( Recent Insider Buying )
Trailer Bridge Inc. - TRBR ( Recent Insider Buying )
Old Point Financial Corporation - OPOF ( Recent Insider Buying )

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...
Cheers!

AC

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Wednesday, June 17, 2009 

Bearish stocks to watch tomorrow - Potash and Mosaic Company

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

The stock broke down its support today on increased volume and selling pressure making this stock appear that it could easily be sent down to its next support around $90. Looking at the technical chart, the stock looks extremely weak as MACD and KD is pointing downwards. If it breaks down the strong support at $90, there is a chance to move down to the $80 area. The short-term outlook for the stock is bearish.

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

I recommend a sell in MOS from a short perspective. It is clearly visible from the chart above that the stock has been moving sideways since last month in a range between $58 and $50 and today broke the channel. I expect the stock to decline to $44 level in the short-term. All the technical indicators are pointing towards a downfall. Investors with a short-term perspective can sell the stock with stop-loss at $48.17.

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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Monday, November 10, 2008 

General Motors near the collapse

Chart courtesy of stockcharts ( click to enlarge )

Today has been announced that some brokers smashed the price target of GM, something that shocked the market over the trading session. Deutsche Bank does not believe in the viability of General Motors. The investment bank predicts the collapse of what is the largest U.S. carmaker. Accordingly, they recommended investors to "sell" shares, evaluating each company's title at ... zero dollars. On the other hand, Barclays also revised its estimates for GM, reducing the recommendation to "equal weight", with a "target" of a dollar. "GM worth zero according to Deutsche Bank" The Government helped some banks and other companies in the recent past, but now is taking too long time to save one of the most important car makers in history, which could put in danger a huge number of jobs around the world. This is really dangerous for the entire economy and particularly for the carmaker industry. Establishing a new 52-week low today, shares of General Motors shed a quarter of its value or $1 , closing at $3.36. The stock is below $4 and technically there is no support further.

Chart courtesy of stockcharts ( click to enlarge )

AAPL - The stock has been on a major downtrend in the recent weeks. A drop to the $90-92 range appears likely. Only a close above $100.62 will turn the bias bullish.

Chart courtesy of stockcharts ( click to enlarge )

PLCE - The stock is now below $25.02 so we may see it now at $20.56 level. Any close below this strong support will extend the losses further. Technically, the stock is down trending but may be finding a base here around $20.50/share.

Chart courtesy of stockcharts ( click to enlarge )

MOS - After bottoming in the 24's, MOS is reflecting a daily downside divergence, although technicians argue a developing Inverted head and shoulders pattern . For now, expect a run up to $40 area.

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, September 02, 2008 

Stock Picks and Trade Ideas for Wednesday - CCC, CIEN, MOS

Chart courtesy of stockcharts ( click to enlarge )

MOS - Stock rallied back to resistance on low volume and broke trendline support. A move to the August lows looks inevitable.

Chart courtesy of stockcharts ( click to enlarge )

CIEN - Chart shows a positive divergence on MFI while price stock moves down. For a bullish trigger back into this stock, look for the price to break above $17.49 on above average volume.

Chart courtesy of stockcharts ( click to enlarge )

CCC - Shares surged again to a new closing high ( 21.97 ), but finished the session far from the highs of the day, not a good sign for tomorrow. The volume was significantly higher compared with last two days. I expect a pullback in the next couple of days to the 5 day moving average (20.41), or 20.25 at the lowest; that is the previous resistance the stock successfully broke last week.

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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Friday, July 04, 2008 

Stock Picks and Trade Ideas for Next week - PCLN, POT, MOS, RFMD, MRVL

Chart courtesy of stockcharts ( click to enlarge )

The stock is pulling back after recent strong move up. If it does not catch support here on its 20 day moving average, look for support at the $16. The technical daily chart above shows that MACD fast line has fallen below slow line which could mean that this stock is losing momentum. Overall still bullish, but negative momentum is on the rise. Stay tuned on Marvell Technology group.

Chart courtesy of stockcharts ( click to enlarge )

RFMD - The short term rally ended in June when the uptrend failed to break resistance at $4.27. Since then RF Micro Devices has been losing ground and has lost more than 30% or $1.27 in the last one month since June 9, 2008. Expect the short-term downtrend to test support at $2.70. Given the current economic climate, this scenario is likely. If RFMD breaks this support, the bottom could be around $2.52. The initial target of the short-term downtrend is support at $2.7.

Chart courtesy of stockcharts ( click to enlarge )

MOS - Depending on how you draw the uptrend the recent plunge to $130 appears to have broken the uptrend line, but as the margin of the break is very small according to this chart, we need to wait for a clear confirmation with heavy volume. When this loosely drawn uptrend is broken expect a move to $110 level and eventually $98.65. Good luck to those who think this is a buying opportunity based on the patterns from October to June 2008.

Chart courtesy of stockcharts ( click to enlarge )

POT is holding above the 50 day moving average, closing just under that level Friday. Any close below $209.11 in my view turns this stock medium term bearish. In addition, MACD is very week, heading for zero with falling rally, downside pressure could intensify at any time. So a close below $209.11 would be our next important signal to watch for.

Chart courtesy of stockcharts ( click to enlarge )

PCLN - Looking at the daily chart, it shows that the 3-month uptrend line was broken recently with heavy volume on this break, which confirmed the validity of the sell signal. There was a recovery, which attempted to retest the trend line, but this move failed and prices headed back down to near the major support at $105. From a technical point of view, the stock is now in a very strong downward momentum trading below the 50 day and 200 day moving averages. MACD and KD als shows the stock is currently in a bearish market.

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 !!! Enjoy your weekend !!!

AC

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Wednesday, June 25, 2008 

Stock Picks and Trade Ideas for Thursday - PMCS, CSIQ, LDK, MOS, POT

Chart courtesy of stockcharts ( click to enlarge )

POT broke double top support with a high volume decline in mid June. Broken support turned into resistance around $215. The pattern looks good but any move below the support opens the door to the mid 200s . It is better to stay at the sideline and see how the stock react for the next few days as the stock has approached the pressure line of 20 day moving average and also is coming back to test support at the previous breakout area.

Chart courtesy of stockcharts ( click to enlarge )

MOS surged to trendline resistance with a good volume and a break above $148 would be quite bullish. Tomorrow let's kep an eye on her.

Chart courtesy of stockcharts ( click to enlarge )

LDK broke falling price channel resistance yesterday and continues to work its way higher. From the technical chart both MACD and KD are showing bullish sign as MACD is rising near 0 while KD is crossing up. The stock might test $47 level in the short term if it is able to sustain above $42.

Chart courtesy of stockcharts ( click to enlarge )

CSIQ - The stock is pulling back after recent strong move up. If it does not catch support here ( between $42.50 and $43 ), look for support at the 20 DMA at 41.79.

Chart courtesy of stockcharts ( click to enlarge )

PMCS - This stock has support at $8.50 and $8.24 levels. Currently trading at its 20 DMA, if the stock is able to find support at its 20 DMA and moves above 8.99 then it might go to $9.15. Keep an eye on it for a possible breakout over $9.15.

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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Wednesday, June 11, 2008 

Stock Picks and Trade Ideas for Thursday - T , FSLR, MOS, POT

Chart courtesy of stockcharts ( click to enlarge )

POT - Early in the morning the stock broke resistance and made a new all time high, but had very little follow through. The stock ran up to $229.21 and pulled right back down to $223.10. Watch for a confirmation to enter long again.

Chart courtesy of stockcharts ( click to enlarge )

MOS closed at $149.63 above the previous top of $143.32 printed on April. Stock broke out to new highs confirmed by the volume above average. The daily chart of Mosaic suggests a strong confidence in stock, a clear uptrend momentum. Keep an eye on MOS this week, it's now in a Breakout mode.

Chart courtesy of stockcharts ( click to enlarge )

FSLR - The technical daily chart above shows the stock is in a rally as K line is rising on top of D line as the price is back above psychological resistance line at $250. However the stock is still somewhat weak as MACD and signal line are still below 0. Buy point is when the stock moves above $261 on good volume.

Chart courtesy of stockcharts ( click to enlarge )

T - Analyst Thomas O Seitz of Lehman Brothers maintains his "overweight" rating on AT&T Inc, while reducing his estimates for the company. The target price has been reduced from $54 to $49. Looking at the daily chart, the stock continues to look bearish as MACD and stochastic daily time frame is still go downwards direction.

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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Friday, May 23, 2008 

Stock Picks and Trade Ideas for Friday - POT ,MOS, STP, ESLR

Chart courtesy of stockcharts ( click to enlarge )

ESLR was one of the stronger stocks today. Evergreen Solar rises sharply on Thursday as the solar panel maker announced $1 billion in contracts after a challenging start-up of its new factory north of Boston.The news brought out bullish players in the options market, who bought June call options at a $12.50 strike price (that's out of the money), betting that the stock will continue to rise. Analysts expect Evergreen Solar to report about $122 million in revenue this year, $394 million in 2009 and $685 million in 2010, according to a survey of FactSet Research. The stock attempted a breakout today but pulled back with the markets in the afternoon. But looking closely at the volume on today session, I suspect that these contracts attracted a large number of investors, more than 47 million of shares were traded. The technical chart is showing that the stock is on a bounce back rally after it lost more than 50% of it value. RSI is turning up and is now at 60 level. Then the MACD indicator is rising above 0 also indicating a buy, and KD line still show the stock is on the positive swing. In my opinion, this stock has been undervalued relative to the sector, and I believe we're going to see a lot more of these large contracts globally for ESLR.

Additional note : S&P on Thursday reiterated its buy rating on Evergreen Solar. S&P said the move more than doubles Evergreen Solar's previous backlog of approximately $850 million. "We think this added scale will benefit Evergreen Solar and also provide needed diversity to its customer base," S&P said in a note to clients.

Chart courtesy of stockcharts ( click to enlarge )

STP - Suntech Power Holdings Co Ltd reported better then expected earnings, but failed to break its at $50.42 ( 200 day-moving average ). This would be a good opportunity to add position. A potential re-entry would be on take-out of high at $50. It looks well supported at $42.50 - the last swing target, which was taken out decisively early on Apr 08 and now serves as the support. The resistance now is at $51.75 which if taken out could lead to more gains. We need to see what happen to project the next swing target. Let's keep an eye on her.

Chart courtesy of stockcharts ( click to enlarge )

MOS has more resistance above then support below. I am watching to see if it breaks lower here ( 50-day moving average ) or if it will attempt to make a push to the $132 area again.

Chart courtesy of stockcharts ( click to enlarge )

POT - The stock is holding above the 20-day moving average at $196.48. Short-term investors can hold the stock as long as it trades above this support. Any close below $196 would indicate that this current rally may be near the end.

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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Saturday, April 26, 2008 

Stock Picks and Trade Ideas for Next week - C, INTC, MOS, NVDA, POT, RFMD

Chart courtesy of stockcharts ( click to enlarge )

The area of previous resistance of MOS around $120 has become support. If the support holds, then it signals an intermediate to short term trend change. In this case it quickly rise away from support, but if support is broken, then expects a move to $113. From the chart above, the stock shows positive sign as 50 day moving average is on top of 200 day moving average with stock trading above both moving averages. MACD also show bullish signal as MACD is above signal line. However KD are somehow weak as K line is below D line. So, if you're long on this stock, hold with a stop-loss at $122.61, on the other hand the buy point would be when the price breaks $138.53 on heavy volume.

Chart courtesy of stockcharts ( click to enlarge )

POT has been a very solid performer over this year. The technical chart shows mix signal with MACD above the sell line showing strength on the buyer side while KD show weakness with K line below D line. Any move over $215.97 will probably lead to new highs.

Chart courtesy of stockcharts ( click to enlarge )

RFMD - As most support and resistance levels tend to get weaker with every test, the stock finally broke through $3.03 a few days ago, on the second highest volume day of the year. The technical chart shows this is a great time to buy as the stock is now on a uptrend with MACD back above 0 and KD line rising. Keep in mind that this stock has been consolidating for a very long time and should have enough fuel for a Big rally. The short-term target for the stock is $3.50.

Chart courtesy of stockcharts ( click to enlarge )

NVDA - Currently building base for the next up move. The stock closed again over its 50-day moving average. NVDA looks like it is about to breakout if it can clear the horizontal line at $21.

Chart courtesy of stockcharts ( click to enlarge )

INTC looks Bullish to me. This stock is making a gradual move upwards since January lows. The short-term outlook for this stock is also positive as it is consolidating above its 20-day and 50-day moving averages. The short-term targets for the stock are $23.02 and then $23.67. Short-term investors can buy with a stop at $21.85 and long-term investors can hold with a stop at $21.16.

Chart courtesy of stockcharts ( click to enlarge )

C - Looking at the daily chart above, it shows very strong upward momentum as the stock is above the 50 day moving average with both 20 day and 50 day moving average going up. In addition KD and MACD also show very bullish sign. From the chart, looks like the next major resistance is at $27.

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

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Wednesday, April 02, 2008 

Stocks for Thursday - JDSU, JNPR, MRVL, MOS

Chart courtesy of stockcharts

MOS - The stock has been trading in a downward pattern since mid February, and there is still no clear indication of a reversal from the downward ranging movement. Buy point is on the day it breaks the upper line on heavy volume.

Chart courtesy of stockcharts

MRVL - The symmetrical triangle could be broken to the upside, when it is with heavy volume, that is the time to buy.

Chart courtesy of stockcharts

Juniper Networks ( JNPR ) stock is nearing the completion of a descending triangle pattern on the six-month daily chart. Generally this pattern would indicate a continuation of the previous trend. In this case the stock has recently been trending downward and there will soon be a definitive breakout. Because of the nature in the pattern in the short term there is room for this stock to quickly push lower, however before short the stock, wait for the confirmation of the break on heavy volume.

Chart courtesy of stockcharts

JDSU - Chart shows an ascending triangle formation, with prices testing the resistance at $14 on three occasions. I'd buy it when it breaks the high at $14 on a close basis on heavy volume.

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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  • 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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