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Thursday, December 10, 2009 

US Hot stocks - Nanometrics Incorporated and Cell Therapeutics

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NANO made a significant bearish momentum today, bottomed at 12.55 and closed at 12.67. This fact should be seen as potential further bearish reversal scenario with technical target around 12.14 and 11.90. The bias is neutral in nearest term as we might see dowside correction. CCI is in overbought area and heading down on daily chart suggesting potential downside pullback testing 12 area. As long as price stay above that area, the bullish scenario should remains intact. The stock still facing a key resistance at 13.50 levels. I recommend a buy only when the stock breaches this resistance.

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CTIC reversed strongly to move to my short-term support at $1.13. Although this trend is not encouraging, the near-term outlook stays Bullish till the stock closes conclusively below $1.055 on heavy volume. A cautious bullish bias is warranted above the breakout point of 1.01 with focus on 1.055. In addition, the short term technical indicators also reversed and started showing a downside potential for the stock.

Other Stocks to Watch :

Stocks that have a Bullish Engulfing pattern at the end of their daily chart.

VZ - Verizon Communications
LOW - LOWES COMPANIES INC
NYT - New York Times Co
FIG - Fortress Investment
AEO - American Eagle Outf
EOG - EOG Resourses
COV - Covidien Plc
AYE - ALLEGHENY ENERGY INC
DISCA - Discovery Holdings
CNC - Centene Corporation
BMRN - BioMarin Pharmaceutical
CREE - Cree, Inc.
DPL - D P L INC
IMN - IMATION CORP
NFLX - Netflix, Inc.
DLTR - Dollar Tree Inc
HSIC - Henry Schein, Inc.
XCEL - Xcellink International
WX - WuXi PharmaTech Cay
MIN - M F S INTERMEDIATE
SCSS - Select Comfort Corp
ENOC - EnerNOC Inc
VISN - VisionChina Media Inc
TRI - THOMSON CORP
CPO - CORN PRODUCTS INTL INC

Stocks that have a Berish Engulfing pattern at the end of their daily chart.

ATVI - Activision, Inc.
MS - Morgan Stanley Dean
NVDA - NVIDIA Corporation
FITB - Fifth Third Bancorp
SCHW - CHARLES SCHWAB CORP
NTAP - NetApp Inc
JNPR - Juniper Networks
STT - STATE STREET CORP
TER - TERADYNE INC
ZION - Zions Bancorporation
HUN - HUNTSMAN CORPORATION
PNC - PNC Financial Servi
DE - DEERE & CO
PMCS - PMC - Sierra, Inc.
COCO - Corinthian Colleges
FSYS - IMPCO Technologies
ABB - ABB LTD
CAG - CONAGRA INC
SEED - ORIGIN AGRITECH LIM
CY - Cypress Semiconductor
TXT - TEXTRON INC
INCY - Incyte Genomics Inc.
TLB - TALBOTS INC
LULU - lululemon athletical
DF - DEAN FOODS INC
ROVI - Macrovision Corporation
BG - BUNGE LTD
DSX - DIANA SHIPPING INC
JEF - JEFFERIES GROUP INC
BPW - BPW Acquisition Corp
LIWA - Lihua International
FWLT - Foster Wheelr Ag
SLG - SL Green Realty Corp
BPO - BROOKFIELD PROPERTI
GNK - GENCO SHIPPING & TR
GNTX - Gentex Corporation
VCLK - ValueClick, Inc.
APH - AMPHENOL CORP
RDS.A - ROYAL DUTCH SH A
MWA - Mueller Water Produ
LWSN - Lawson Software, Inc.
WY - WEYERHAEUSER CO
HCN - Health Care REIT Inc
SAP - Sap Ag
SEE - SEALED AIR CORP NEW
BDN - BRANDYWINE REALTY T
EXM - Excel Maritime Carr
CSIQ - Canadian Solar Inc
TCB - T C F FINANCIAL CORP
TEN - Tenneco Inc
WBC - Wabco Holdings Inc
CQB - CHIQUITA BRANDS INT
GFA - Gafisa SA
OC - Owens Corning Inc
WSH - WILLIS GROUP HOLDIN
TDW - TIDEWATER INC
OHI - OMEGA HEALTHCARE IN
UFS - Domtar Corp
WG - WILLBROS GROUP INC
TD - TORONTO DOMINION BANK
CLS - CELESTICA INC
AAWW - Atlas Air Worldwide
MXGL - Max Re Capital Ltd.
HPY - HEARTLAND PYMT SYS
AWI - Armstrong World Ind
SANM - Sanmina Corporation
JOE - ST JOE CORP
PAG - UNITED AUTO GROUP INC
TRH - TRANSATLANTIC HLDGS
TBL - TIMBERLAND CO
FOE - FERRO CORP
ABG - GROUPE AB S A
HME - Home Properties Inc
SYNA - Synaptics Incorporated

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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22:27 | |

Saturday, November 21, 2009 

US hot stocks for next week - Nanometrics Incorporated, Melco Crown Entertainment Limit, MetroPCS Communications Inc and Cell Therapeutics

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NANO is a very volatile stock, but can be a very lucrative one if traded correctly. The stock hit 52-week highs of $13.34 on November 17th, but it was extremely volatile that day as well. With no news on the tape in recent days, the stock has lost some momentum, falling from a November 17th close of $13.34 to a close of $10,90 on Friday. The stock looks like it might have found support at its 10 day MA. I'm buyer of NANO once it breaks $11.50 which was Thursday’s high of the day. If the stock can break resistance, we could see the start of a new upside trend that works back towards highs. Due to the higher price, I recommend cutting your share size if you are not comfortable with the volatility in this trade.

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CLF - The stock is facing a period of sideways action while it consolidates the gains booked in the past weeks. The stock will face short to medium term resistance at $1.135. Once this level is crossed with good volumes, the stock can go to $1.255.

( click to enlarge )

PCS had heavy volume come into the stock on Friday, as it closed up $.40 on 2.5x normal daily volume. The heavy buying makes this an interesting situation and one worth watching on Monday. From a technical standpoint, the stock is starting to show signs of acumulation with high volume on upside days and low on dowside days. The technical chart shows the stock is in a short term bull market rally with MACD on top of signal line and K line on top of D line. This momentum could push this stock much higher from here. Next resistance is now seen at $7.64.

( click to enlarge )

MPEL looks to have made a bottom and is trying for a reversal. The technical chart above suggests that stock might find now resistance at $4.55. Only a close above this level would suggest further upside. Remain invested with a stop loss at $4.15.

Other Stocks to watch - ( Pattern is Bullish Engulfing )

Q - QWEST COMM INTL INC
BMY - BRISTOL MYERS SQUIB
PCS - MetroPcs Communications
RIMM - Research in Motion
MCD - MCDONALDS CORP
DUK - DUKE ENERGY CORP
PARD - NeoRx Corporation
SLE - SARA LEE CORP
LDK - LDK Solar Co Ltd 8.00
AKS - A K STEEL HOLDING CORP
MPEL - Melco Crown Adr
ALL - ALLSTATE CORP
EXC - EXELON CORPORATION
BA - BOEING CO
IPG - INTERPUBLIC GRP OF COS
XLV - Select Sector SPDR
HCP - HCP Inc
TMO - Thermo Fisher Scien
TQNT - TriQuint Semiconductor
ACAS - American Cap Ltd
NSC - NORFOLK SOUTHERN CORP
DF - DEAN FOODS INC
YUM - TRICON GLOBAL REST INC
CLF - CLEVELAND CLIFFS INC
RTN - RAYTHEON CO NEW
BIIB - IDEC Pharmaceutical
BBBY - Bed Bath & Beyond Inc.
MWA - Mueller Water Produ
DRAM - Dataram Corporation
URI - UNITED RENTALS INC
LO - Lorillard Inc
ISIS - Isis Pharmaceutical
SNH - SENIOR HOUSING PROP
QTWW - Quantum Fuel System
NU - NORTHEAST UTILITIES
WEC - WISCONSIN ENERGY CORP
CMC - COMMERCIAL METALS CO
CNOA - Industrial Electric
PFCB - P.F.Chang's China B
TMX - TELEFONOS DE MEXICO
SCHN - Schnitzer Steel Ind
GNA - GERDAU AMERISTEEL CP
TECD - Tech Data Corporation
PPH - Pharmceutical Hldrs
DVA - DaVita Inc
SVR - SYNIVERSE HOLDINGS INC
SEE - SEALED AIR CORP NEW
PKG - PACKAGING CORP OF A
RWT - REDWOOD TRUST INC
VPHM - ViroPharma Incorpor
MTZ - MASTEC INC
APWR - A-Power Energy Gene
SIGA - SIGA Technologies Inc.
MOO - Mk Vector Agribs
OLN - OLIN CORP
AZO - AUTOZONE INC NEVADA
TSTC - Milestone Capital Inc
ONB - OLD NATIONAL BANCOR
CMO - CAPSTEAD MORTGAGE CORP
CXM - ARIES VENTURES INC
NPBC - National Penn Bancs
BPZ - BPZ Resources
RMTR - Ramtron International
BVF - BIOVAIL CORPORATION
IDCC - Interdigital Communications
ROC - ROCKWOOD HOLDINGS INC
LNCR - Lincare Holdings Inc.
SONE - S1 Corporation
ACOR - ACORDA THERAPEUTICS
PNK - PINNACLE ENTERTAINMENT
SIGM - Sigma Designs, Inc.
BGP - BORDERS GROUP INC MICH
LIHR - Lihir Gold, Limited
FNB - F.N.B. Corporation
UCBI - United Community Ba
OGE - O G E ENERGY CORP
CHT - CHUNGHWA TELCOMM
NABI - Nabi
CML - Compellent Technologies
BMO - BANK OF MONTREAL
WATG - MGCC INVESTMENT STR
MICC - Millicom International
POL - PolyOne Corp
TNDM - Neutral Tandem Inc
MATK - Martek Biosciences
PRE - PARTNER RE LTD
VLY - VALLEY NATIONAL BAN
SMOD - SMART MODULAR TEC
HAIN - The Hain Celestial
CVD - COVANCE INC
ATK - ALLIANT TECHSYSTEMS
CASY - Casey's General Sto
HGT - HUGOTON ROYALTY TRUST
GY - GENCORP INC
HME - Home Properties Inc
DLB - DOLBY LABORATORIES INC
HGG - HHGregg Inc
ALJ - ALON USA ENERGY INC

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. Have a nice weekend !!!
Cheers!

AC

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09:07 | |

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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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