AC Investor Blog

Stocks to Watch for April 23, 2013

( click to enlarge )

Pharmacyclics, Inc. (NASDAQ:PCYC) had a nice breakout today with a pop of $4.17 to 81.69 or 5.38% on 959K shares, the biggest volume in a couple weeks. The heavy buying makes this an interesting situation and one worth watching on Tuesday. The technical daily chart above suggests that stock might find now resistance at $85. Only a close above this level would suggest further upside. Remain invested with a stop loss at $71.8

( click to enlarge )

To me Research In Motion Ltd (NASDAQ:BBRY) still looks poised to break higher. A move above 14.2 would confirm the breakout, with an initial target of 15.55 and secondary target of 16.01. Stop is at 13.07. The uptrend is definitely intact awesome medium-term hold.

( click to enlarge )

SUPERVALU INC. (NYSE:SVU) Over 5.42 for a breakout trade.

( click to enlarge )

Tesla Motors Inc (NASDAQ:TSLA) recorded a new 52-week high today above 50. The stock has been one of the most amazing runs of the past six weeks. I'll be watching the stock on Tuesday, looking for a follow through move. At this point, we have to start thinking about just how high TSLA will go. As long as the stock stays above 45.93, the short-term bullish scenario still intact.

( click to enlarge )

The Cheesecake Factory Incorporated (NASDAQ:CAKE) is slowly recovering. The 38.5 area is a critical resistance region that can determine overall bias for the stock in short-term.

( click to enlarge )

Cott Corporation (NYSE:COT) potential breakout candidate.

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: BBRY, CAKE, COT, PCYC, SVU, TSLA

22:46 | Permalink |

9 Technical Setups for the Week Ahead

( click to enlarge )

Research In Motion Ltd (NASDAQ:BBRY) As you can see from the chart above, the short-term outlook is sideways, while the 200-day exponencial moving average still supports. The medium-term outlook is bullish and my model is long. BBRY has the opportunity to start new rally as %K line is again back above %D line. If it breaks above 14.21, then it can easily climb to 16 or above.

( click to enlarge )

Google Inc (NASDAQ:GOOG) crossed its immediate resistance on Friday. It has a good base at $760 which can be used as a stop loss for long position. On the upper side, the move is likely to accelerate above $809. Long setup.

( click to enlarge )

InterDigital, Inc. (NASDAQ:IDCC) closed below its 200-day exponencial moving average at $40.45 again. Generally, this is a bearish indication. Only a close above this key level would suggest recovery.

( click to enlarge )

Very bullish action on Celldex Therapeutics, Inc. (NASDAQ:CLDX) this week. The stock firmed around 12-12.3 and then broke out with two days of high volume. Looks good for higher prices.

( click to enlarge )

Keryx Biopharmaceuticals (NASDAQ:KERX) looks like it is getting ready to move. The stock had a nice move on Friday and I am looking for it to continue next week. I am buying KERX once it breaks above Friday’s high of $8.06 on the continuation move. The technical chart above shows the stock is on a strong bull market as the stock is trading above 50-day and 200-day moving averages with both pointing upwards.

( click to enlarge )

Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL) is screaming for a bounce opportunity and I think we can see some nice moves next week. Keep on watch.

( click to enlarge )

Lions Gate Entertainment Corp. (USA) (NYSE:LGF) is trading near its all time high. Buy only when the stock breaches $24.15. Once the stock breaks this level, we should see a strong upside move. LGF will move very quickly, so keep the stock on your screen throughout the day on Monday.

( click to enlarge )

The chart of Pharmacyclics, Inc. (NASDAQ:PCYC) is now much improved after Friday’s action. The stock starts showing buy signals again. The MACD has reversed again the course and stock finally closed above its 13-day exponential moving average, usually this is a short-term Bullish signal. Wait for it to break 78.45 on heavy volume or buy on the pullbacks above 71.85 with it as a stop.

( click to enlarge )

Santarus, Inc. (NASDAQ:SNTS) Keep an eye on this one, looks poised to break out and run higher.

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: BBRY, CLDX, GOOG, IDCC, KERX, LGF, PCYC, RIGL, SNTS

18:25 | Permalink |

Some possible break out candidates

( click to enlarge )

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.

( click to enlarge )

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.

( click to enlarge )

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.

( click to enlarge )

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

( click to enlarge )

Oil States International, Inc. (NYSE:OIS) has consolidated sideways for the past several sessions. Breakout watch over $79

( click to enlarge )

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

Labels: EBIX, EXP, OIS, PCYC, RMBS, TWO

22:17 | Permalink |

Good looking setups to watch next week

( click to enlarge )

InterDigital, Inc.(NASDAQ:IDCC) has finally started to rally and broke out of the consolidation that the stock had been stuck under for the last 2 weeks. It has breached two important levels at 33.08 and 33.33 quite convincingly. I see the next resistance in the 34.20-34.35 area. A move above this area would be viewed very bullish and could cause a huge short squeeze. There are some reasons to start taking an active look at this stock as I have been mentioned several times in my blog posts.

- The volume chart from OBV has been on an upside indicating strength.
- The MACD is above 0 showing positive momentum but displaying first signs of divergence between column bars and the trend line.
- RSI is on a comfortable zone.

- Trading above both 13 & 50 day moving averages moving upwards
- It has been making higher lows since June.
- 13.8% short or 6.1 M & might see a good squeeze above its 200-SMA
- High short ratio 11.10

From a technical standpoint the potential for further upside looks far more attractive on purely relative terms. Honestly, I like what I am seeing...Additionally, the company continues being mentioned in the news regularly as a strong potential buyout candidate. This is definitely a stock to watch next week.

( click to enlarge )

NetApp Inc. (NASDAQ:NTAP) had a strong breakout day on heavy volume. The next key resistance levels are located at $36 and $36.48. Shareholders may remain invested with a stop-loss at $32.84.

( click to enlarge )

Pharmacyclics, Inc. (NASDAQ:PCYC) broke out to a new all-time high on Friday accompanied by a good volume suggesting higher levels. The stock has been in a nice uptrend for the last three months and it looks very strong with both 50 day & 200 day moving average going up. PCYC is on the overbought level, so for the coming week expect a little bit of selling to occur as the RSI is near the 80 level. As long as the stock stays above the 13 day and 50 day moving averages it is still safe to hold on to your positions.

( click to enlarge )

Kraft Foods Inc (NASDAQ:KFT) Broke out on strong volume placing this stock on the map for technical analysis breakout buyers. Looking for $41 to now act as support.

( click to enlarge )

PulteGroup, Inc.(NYSE:PHM) - It may be close to breaking to new highs here. The stock has been consolidating the past few days and just recently started inching above most of the consolidation area. At this stage it is definitely a wait and see if the resistance will be easily taken out by the bulls. Fresh exposures may be considered on a move past $13.91, with a stop-loss at $12.93.

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: IDCC, KFT, NTAP, PCYC, PHM

09:47 | Permalink |

6 Chart Set-ups to Watch on Thursday

( click to enlarge )

Pharmacyclics, Inc. (NASDAQ:PCYC) - After its long run up the stock finally had a pullback with most of market participants on holiday. However, Pharmacyclics shares hit a new all-time high of $59.39 before closing at $57.82. I will continue to watch the stock closely. The volume is still large so it could potentially break out again at any moment. If the pullback continues look for the 10-day moving average, currently located at $52.17 as the first area of support for the stock.

( click to enlarge )

From a technical standpoint, Goldman Sachs Group, Inc. (NYSE:GS) broke out today above some past overhead resistance at $97.50 to $97.60. The next key technical levels that traders should be watching for are at the 50-day moving average of $99.44 and at $103.92, which is the next significant resistance.

( click to enlarge )

Looking at the technical chart, Ciena Corporation (NASDAQ:CIEN) is quickly approaching a big breakout if the stock can manage to trade above $17.39. A strong volume move above that level, could set the stock up to retest its June 2011 highs of $18.79.

( click to enlarge )

Juniper Networks, Inc. (NYSE:JNPR) - A push through the 16.2/16.25 level with some volume could break the downtrend line. Some technical indicators are displaying positive divergences as they failed to make new lows. I alerted this stock to my twitter follwers at $15.85.

( click to enlarge )

Tellabs, Inc. (NASDAQ:TLAB) saw continued buying pressure today. I think current levels offer a great chance to play a rebound in shares. The stock closed today at $3.41. From a technical standpoint the stock has build a support around $3.26 and $3.3 recently and do has the chance to go up. Any breakout above 50-day MA will be positive sign. Additionally, the technical chart displays a bullish MACD crossover and stochastics which indicate we have more room to the upside.

( click to enlarge )

Camelot Information Systems Inc (NYSE:CIS) Strong close above the 50-day MA. This will bring in new eyes on Thursday for sure.

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: CIEN, CIS, GS, JNPR, PCYC, TLAB

22:52 | Permalink |

Five stocks to keep an eye on

( click to enlarge )

Starting with Sprint Nextel Corporation (NYSE:S), on the daily chart the present uptrend is getting confirmed as the days go on. The technical daily chart above shows the stock is ready for major rally as 50-day moving average has just crossed on top over 200-day moving average to form Golden Cross, a very bullish signal. Additionally, the MACD shows a positive sign as MACD and signal line are above 0. Additonally, the accumul/distrib indicator shows a marked increase in accumulation since the middle of May. Immediate support remains at $3.1 followed by $3. I'm using today’s high of $3.45 as resistance for tomorrow. A break above that area could trigger further bullish momentum towards $3.9.

( click to enlarge )

Another great day for Pharmacyclics, Inc. (NASDAQ:PCYC) as it breached new highs. At this stage, we have to start thinking about just how high PCYC will go.

( click to enlarge )

Google Inc (NASDAQ:GOOG) - From a technical standpoint the near-term trend is bearish and GOOG faces a strong resistance at $590.48 ( 50-dma ). A close above this level is a pre-requisite for the reversal of the bearish trend. It is better to wait and see if the stock can break above its 50-day moving average.

( click to enlarge )

There is a potential breakout scenario developing on the daily chart of InterDigital, Inc.(NASDAQ:IDCC). I'm looking for a move above the 30.28 resistance. If this level is crossed and the stock is able to sustain above this level, then it might go to $33.45. On the downside, the stock has support at $28.05. The stock is currently in a new uptrend. I feel this stock will easily make a strong move to the upside.

( click to enlarge )

Trina Solar Limited (NYSE:TSL) stock broke a key resistance level on a volume expansion. If we see follow-through tomorrow, it might run hard.

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: GOOG, IDCC, PCYC, S, TSL

21:53 | Permalink |

Stock setups to watch next week

( click to enlarge )

The technical chart of FormFactor, Inc. (NASDAQ:FORM) is showing a bullish cup and handle chart pattern in the final stages, which indicates the stock could be in for a big rally. FORM just needs to clear the handle base. Additionally, the moving averages are supporting bullish trend with the 20 and 50 both over the 200-day moving average and sloping higher. ADX is also suggesting a steady upward movement and the accumul/distrib indicator still shows that somebody is buying up the stock. I'm still holding my longs and will add more shares on a move above $6.55, with the expectation of a continued rise to $7-7.5

( click to enlarge )

Shares of Apple Inc. (NASDAQ:AAPL) closed up 2.63 per cent at 584 with increasing volumes. Long positions can be considered with a stop loss of 565 on daily closing basis. Initial targets are 590 and 597.

( click to enlarge )

Shares of Pharmacyclics, Inc. (NASDAQ:PCYC) closed the day gaining more than 4% to a new historic mark for stock at $54.61, near the highs of the day at $55.43. The stock has been one of the most amazing runs of the past four weeks. I'll be watching the stock next week, looking for a follow through move. As long as the stock stay above $43.31, the short-term bullish scenario still intact.

( click to enlarge )

Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) - After setting a fresh yearly high at 13.50 on Wednesday the stock started showing bearish divergences and a few sell signals start to develop. However we are still above key support 8.62. On the upper side, the move is likely to accelerate above $12. Short-term investors can hold the stock as long as it trades above $8.62

( click to enlarge )

Altria Group, Inc. (NYSE:MO) broke out from a rectangle pattern accompanied with decent volume. We should be able to see some decent upside movement for the bulls here.

( click to enlarge )

Raytheon Company (NYSE:RTN) - Broke out today on good volume. No resistances above.

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: AAPL, ARNA, FORM, MO, PCYC, RTN

22:35 | Permalink |

4 Breakout Stocks To Watch Thursday

( click to enlarge )

VIVUS, Inc. (NASDAQ:VVUS) broke out to a new all-time high today, accompanied by a strong volume suggesting higher levels.The stock price has been in a nice uptrend for the last two months and it looks very strong with both 50 day and 200 day moving average going up while MACD is above 0 showing positive momentum. Additionally, OBV is increasing indicating accumulation of shares in the market. As long as the stock holds above the $24.36 support level the intermediate-term picture should remain positive. Fresh exposures may be considered on a move past $29.42, with a stop-loss at $24.36.

( click to enlarge )

Nice breakout on Standard Pacific Corp. (NYSE:SPF) with decent volume, positive MACD. Fresh exposures may be considered on price weakness, with a stop-loss at $5.11. A close above $5.83 may be used to enhance exposures.

( click to enlarge )

Pharmacyclics, Inc. (NASDAQ:PCYC) Continues to breakout and now Up 80% this month. Might pause but looking to add on any dip. PCYC is too extended to chase. Keep stop losses tight, as risk is significant to both sides here.

( click to enlarge )

The Walt Disney Company (NYSE:DIS) hit a new 52-week high today, trading as high as $48.08, before settling at a close of $47.87. I'll be watching the stock on Thursday, looking for a follow through move. Resistance reflects today’s high of $48.08. Keep an eye on DIS because there is good upside in this stock.

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: DIS, PCYC, SPF, VVUS

23:35 | Permalink |

Trade Setups for Tuesday 26th June 2012

( click to enlarge )

Another trading day another 52 week high for Pharmacyclics, Inc. (NASDAQ:PCYC). The stock closed up over 7% today and 20% in the past seven sessions on monster volume. That means there is some serious support and interest in this stock. PCYC is trading back over all 3 major moving averages. I like the stock as long as it can continue to close at or over the 10-day moving average, however I'd like to point out that the technical indicators are extremely overbought, with RSI at 91.32 and stochastic at 95.33, so be careful in short term. My first alert was at $30 if you remember correctly. Check : 6 Trade Setups To Watch next week

( click to enlarge )

Zynga Inc (NASDAQ:ZNGA) Still watching it, especially after todays action. As I mentioned in yesterday's post, the stock is forming a possible Inverted Head and Shoulders Pattern, let's see if the stock price will confirm it. The pattern is not in play until the neckline is broken.

( click to enlarge )

InterDigital, Inc. (NASDAQ:IDCC) - Technical chart above is showing a possible bull flag in its first step off of a bottom at 22.37. It looks very good in shape, so I'll be looking forward to seeing a breakout.

( click to enlarge )

Amazon.com, Inc. (NASDAQ:AMZN) continued the recent downtrend on Monday. I remain on the sideline until the stock closes back over $225.

( click to enlarge )

Las Vegas Sands Corp. (NYSE:LVS) continues to trade below all 3 moving averages which is technically bearish. The stock is still vulnerable to more downside action. Only a close above 45.22 would relieve downward pressure. When the stock closes back over this level, I'll buy the stock for a trade.

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, IDCC, LVS, PCYC, ZNGA

22:45 | Permalink |

AC Investor Blog

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

Monday, April 22, 2013

Stocks to Watch for April 23, 2013

Saturday, April 20, 2013

9 Technical Setups for the Week Ahead

Tuesday, February 12, 2013

Some possible break out candidates

Saturday, August 25, 2012

Good looking setups to watch next week

Tuesday, July 03, 2012

6 Chart Set-ups to Watch on Thursday

Monday, July 02, 2012

Five stocks to keep an eye on

Friday, June 29, 2012

Stock setups to watch next week

Wednesday, June 27, 2012

4 Breakout Stocks To Watch Thursday

Monday, June 25, 2012

Trade Setups for Tuesday 26th June 2012

About Me

FREE NEWSLETTER

Support AC

Follow me

Advertising

PREVIOUS POSTS

TRANSLATOR

Site Information

Stock Market Blogroll

Friends BLOGROLL

ARCHIVES