AC Investor Blog

Stocks to Watch for May 30, 2014

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Zynga Inc (NASDAQ:ZNGA) There are some signs of a possible bounce at this point due to oversold indicators and some positive divergences, which often leads to short covering. Let’s see whether the stock can gather enough momentum to break through $3.56 (20EMA).

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Shares of Microsoft Corporation (NASDAQ:MSFT) are starting to heat up again and are worth watching. If volume can pick up I believe this stock can break through resistance at $40.5 and re-test its recent highs around $41.37.

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Shares of Oracle Corporation (NYSE:ORCL) have been slowly gaining some traction amid light buying pressure the last few days. A break through the $42.35 level could accelerate it higher.

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Shares of Generex Biotechnology Corporation (OTC:GNBT) closed the day gaining more than five percentage points on solid volume. The stock has been on a down trend since it reached 52 weeks high of $.056 in January. Its technical chart show some bullish signals as KD is now going up and the MACD just crossed above the signal line. With this daily chart bull signal its very possible that we could see a continuation into tomorrow. The company announced last month that two abstracts in respect of results of the on-going Phase II study of a novel cancer vaccine designed to prevent relapse in patients who have had breast cancer will be presented at ASCO that will start tomorrow. The ASCO Meeting is the premier annual oncology symposium, bringing together more than 25,000 oncology professionals from a broad range of specialties. This penny stock should be on your radar tomorrow.

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: GNBT, MSFT, ORCL, ZNGA

22:43 | Permalink |

7 Technical Setups to watch next week

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3D Systems Corporation (NYSE:DDD) Since the peak hit later in January, the stock has plummeted drastically, with only one major correction in February. After this correction, the stock price has continued to drop in an unprecedented manner, without much of a rest. In the process, the stock price has broken down below support level after support level, closing today below the 200-day moving average. At this point, the stock is oversold but still dangerous to touch. In the event, of a significant correction to the upside, key resistance currently resides around the 30.28 region and then the 32 region.

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Research In Motion Ltd (NASDAQ:BBRY) Stock price remains well above its moving averages and above the downtrend line. There are no reasons for concern ! Bullish setup

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Glu Mobile Inc. (NASDAQ:GLUU) had a significant bullish momentum today, breaking above its recent high on good volume. The stock is again setting up for a potential swing trade. Next resistance is located at $3.66

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Keryx Biopharmaceuticals (NASDAQ:KERX) needs to take out $7.78. The break of the resistance with heavy volume should be the next buy point on KERX.

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Shares of Bank of America Corp (NYSE:BAC) today broke out of a bullish consolidation pattern. Look for follow-through on Monday with increasing volume to confirm today's move. The technical daily chart is showing a very bullish sign with 50-day moving average on top over 200-day moving average and still rising. In addition, with MACD on top of zero and with RSI moving upward should be keep going higher.

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Oracle Corporation (NASDAQ:ORCL) is ready to break out from a cup and handle formation on daily charts. If the stock can break Friday’s high of $36.43, we should see a strong follow through move. ORCL will move very quickly, so keep a very close eye on the stock next week.

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AXT Inc (NASDAQ:AXTI) keeping my bullish bias despite the volatility. Technicals starting to improve. With 20-day MA on top over 50-day MA, MACD above 0 and KD at high level, the stock is currently in short-term uptrend.

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: AXTI, BAC, BBRY, DDD, GLUU, KERX, ORCL

21:10 | Permalink |

Wednesday December 19th watchlist

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Shares of Accretive Health, Inc.(NYSE:AH) broke out today above its short term moving averages on monster volume. The stock is showing increasing strength on the MACD, Slow Stochastic and RSI. At this point, the next key technical levels that traders should be watching for are at the 200-day SMA of $13.16 and at $13.58, which is the next significant resistance. The short interest in this stock it's around 17%. Unusual volume can be a strong signal that hedge funds & momentum traders are piling into AH ahead of a catalyst.

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NVIDIA Corporation (NASDAQ:NVDA) - This stock spent the day trying to break out from a nice bull flag. There is no change from my prior comments. We're still waiting for NVDA to breakout past $12.7. A high-volume move above that level could set this stock up to re-test its October highs of $13.71.

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Rosetta Genomics Ltd. (NASDAQ:ROSG) may face strong resistance at $4.73 (50-day SMA), above it may test $4.93 and thereafter it may test $5.39. All the trends in stock indicators are neutral or positive.

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Oracle Corporation (NASDAQ:ORCL) Great earnings. Entry point would be on the day it blows through $33.10 on heavy volume.

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Patterson-UTI Energy, Inc.(NASDAQ:PTEN) has made an awesome move on Tuesday breaking out its resistance level. Plenty of room to upside. I recommend traders wait for a pullback to add or initiate positions in the stock.

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CBS Corporation (NYSE:CBS) has a good chance to continue higher and a buy could be made as it moves over $36.56. If this happens, the stock is a good play.

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: AH, CBS, NVDA, ORCL, PTEN, ROSG

22:28 | Permalink |

Stock Picks for Friday September 14, 2012

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InterDigital, Inc.(NASDAQ:IDCC) has a clear key resistance line just above the 36 level, which it is approaching having gained 43 cents or more than 1.23% today, to 35.51. A move above 36.04 would confirm the breakout, with an initial target of 38.40 and secondary target of 40.68. Stop is at 33.65. The uptrend is definitely intact, awesome medium-term hold. The lows are rising and even the peaks are nudging up and up. Additionally, technical indicators are giving positive signals as the stock trades above the 200-SMA. The RSI is also rising after having found support near its previous lows. I believe the stock can continue its medium-term uptrend and test the $40 levels in the coming weeks. With over a short interest of 6.14 Million shares and average daily volume of only 770K, the short interest ratio is at 7.9, meaning it would take 8 days for all the shares short to be covered. Any type of good news related with a potential patent sale could launch a wicked short squeeze capable of adding a 20%-25% gain to the shares in a matter of minutes as we saw last month. Keep IDCC on the radar like a HAWK lol !!

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U.S. Bancorp (NYSE:USB) broke a key resistance line today with an up-move of 93 cents, or 2.74%, to 34.87. Volume surged and this breakout looks like it is here to stay. There looks to be good upside in USB, so keep it on your radar the next few days.

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Amazon.com, Inc.(NASDAQ:AMZN) had a good move today, as the stock set new 52-week highs. The stock hit a high of $262, which is resistance for the follow through move. The technical chart shows the stock is in a bull market rally as MACD is on top of signal line and moving upwards. In addition, the medium term trend is also bullish as the stock is above 50 & 200-day moving averages with both moving averages going up. You should watch this stock closely on Friday.

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The Walt Disney Company (NYSE:DIS) has made an awesome move today. The stock hit new highs of $52.67, which is resistance for the follow through move on Friday. If the stock can break through highs, we should see another high volume move as the stock moves higher. Keep it on your radar.

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Oracle Corporation (NASDAQ:ORCL) Over 32.81 for a breakout trade.

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People's United Financial, Inc. (NASDAQ:PBCT) broke out from the horizontal resistance on expanding volume. This momentum could push this stock much higher from here. Next resistance is now seen at $12.73.

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: AMZN, DIS, IDCC, ORCL, PCBT, USB

22:34 | Permalink |

Trade Ideas for Thursday - Oracle and Exxon Mobil

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

XOM - Unfortunately the stock is still looking for a bottom. It has recently broken support at 68. Looking closely at the chart, it has not only broken an important support, but it has also broken a large symmetrical triangle that has been formed since the start of the stock’s decline February 2009. Currently 20 day MA is acting as a resistance. I expect price to move downwards to 64 and there is still a possibility of reaching 63-62 price level. The technical daily chart shows the stock is still weak, trading below 50 day and 200 day moving average while K line is falling below D line.

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

ORCL - The technical daily chart above is showing mixed signal as MACD indicate bull market as MACD is on top of signal line while KD and ROC still shows weak signal as K line is below D line and ROC is back at overbought level. The short term trend still looks bullish as the stock is still above 50 day and 200 day moving average, however fresh exposures may be avoided for the moment. A close below 18.36 would be an early sign of weakness and a drop below 18.25 would impart 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 Folks. See you tomorrow !!!

AC

Labels: ORCL, XOM

22:00 | Permalink |

Trade Ideas for Thursday - WYNN, LDK, ORCL

Chart courtesy of stockcharts

Shares of Oracle are trading higher (+6%) in after-hours after company said on Wednesday it expects third-quarter new software license sales to increase 15 percent to 25 percent from a year earlier. It also forecast that net profit will total 29 cents or 30 cents during the quarter. Following the investors reaction in the extended trading, we should see a gap-up on tomorrow above $22, so it will be important an interesting also, see if stock will have legs to close above this mark, because it has been a key resistance for Bulls.

Chart courtesy of stockcharts

LDK shares were down more than 5% to $66.11 today. In my opinion, stock could retrace some points from here to $60, in the near term, it is only a long option on the break of $76, till there looks like it may find a support at the breakout area. Keep in mind that presently stock is trading in Overbought conditions.

Chart courtesy of stockcharts

WYNN shares have found a good support in its 200 dma. I'll be Bullish on stock again after a close above its 13 dma at $120. Keep an eye on her.

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 example.

That's All. Have a nice evening !!!

AC

Labels: LDK, ORCL, WYNN

22:17 | Permalink |

AC Investor Blog

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

Thursday, May 29, 2014

Stocks to Watch for May 30, 2014

Friday, March 15, 2013

7 Technical Setups to watch next week

Tuesday, December 18, 2012

Wednesday December 19th watchlist

Thursday, September 13, 2012

Stock Picks for Friday September 14, 2012

Wednesday, April 15, 2009

Trade Ideas for Thursday - Oracle and Exxon Mobil

Wednesday, December 19, 2007

Trade Ideas for Thursday - WYNN, LDK, ORCL

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