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Wednesday, February 13, 2013 

Thursday February 14th watchlist

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Qihoo 360 Technology Co Ltd (NYSE:QIHU) made a strong upside reversal today. The technical chart suggests that stock might find now resistance at $33. Only a close above this level would suggest further upside. Remain invested with a stop loss at $29.35.

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 OmniVision Technologies, Inc.(NASDAQ:OVTI) might attempt to breakout above $16 level again and if it succeed we should expect a strong move to the upside.
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Oil States International, Inc. (NYSE:OIS) broke through resistance and out of flag formation. I'll be watching the stock on Thursday for a continuation of this breakout. The trend is still bullish as the stock is still on top of 50EMA and 200EMA with both moving averages going up.

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Global Payments Inc (NYSE:GPN) had a strong surge a few weeks ago and has been consolidating that move since then. The stock is displaying upside momentum and is poised to move higher from these levels. Nearest resistance for the stock is at 50.15. If this level is crossed and the stock is able to sustain above this level, then it might go to 51.

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Ebix Inc (NASDAQ:EBIX) Congratulations to all of you that profited on this monster stock alert.  EBIX closed up $1.24 for gains of 7.1%. The stock showed great momentum and had great trading volume. If you're still in EBIX make sure you have your downside protected. I took profits on my long position at around $19.2 ( Mentioned on twitter ) for a gain of about 12 percent.

During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog  twitter and newsletter, so you can receive my trade ideas and stock news in real time.  

Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.

Thanks for visiting AC Investor Blog.

AC

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22:51 | |

Tuesday, February 12, 2013 

Some possible break out candidates

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Ebix Inc (NASDAQ:EBIX) looks like it wants to break out from a base formation. The daily technical chart shows good signs, we're in a short term upward trend with the MACD positive/rising and with CMF rising nicely too. 


From a fundamental standpoint the stock has a PE of 9 and a PEG of just 0.46. The short interest is about 36.30% of the float and it's supposed to take about 32 days to cover it, so a Huge squeeze is also possible. Keep EBIX on your radar screens.

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Pharmacyclics, Inc. (NASDAQ:PCYC) has been consolidating in the range of 67.5-72 from past few sessions on low volume forming a bull flag pattern on the daily chart. Fresh long should be made only when the stock closes above $72 with an up candle.

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Two Harbors Investment Corp (NYSE:TWO) looks poised for a break to the upside. Waiting for a break above the 12.55 level for a long position. Price will continue to move up as long as it sustains above the 20-day EMA.

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Eagle Materials, Inc.(NYSE:EXP) is building an optimistic pattern under resistance at $67, watch the stock closely here for a break through that price level as a cue that the stock wants to go higher. Initial support at $64.50

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Oil States International, Inc. (NYSE:OIS) has consolidated sideways for the past several sessions. Breakout watch over $79
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 Rambus Inc. (NASDAQ:RMBS) - Keep an eye for a possible breakout over 5.67

During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog  twitter and newsletter, so you can receive my trade ideas and stock news in real time.  

Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.

Thanks for visiting AC Investor Blog.

AC

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22:17 | |

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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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