AC Investor Blog

Small Caps for Your Watch List

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Parker Drilling Company (NYSE:PKD) closed right at the high of the day. The technical daily chart shows the stock is in a rally as %K line is rising on top of %D line as the price is back above 20-day moving average. Fresh exposures may be considered on price weakness, with a stop-loss at $4.30. Further rally is now in favor and target would be $5.40. Key support is now at $4.30, only fall below could take price back towards $4.

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Banner Corporation (NASDAQ:BANR) - The technical chart looks to be turning as evidenced by the impending potentially bullish MACD cross. The accumulation distribution chart is still showing some strength in the recent movement. If the stock breaks its 20 day moving average, then definitely keep a close eye on it for further price swings.

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Trina Solar Limited (NYSE:TSL) - MACD has moved into a stronger zone. RSI is not showing any divergence from the current movement of price. OBV is showing a growing interest in accumulating the stock.

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Novatel Wireless, Inc. (NASDAQ:NVTL) - The technical 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 20 day moving average. Positive MACD action. The RSI is also rising along with the rise in volumes indicates buying interest in the stock. NVTL is also a short squeeze candidate, with a short float at 13.2% (equivalent to 7 days of average volume). Can get interesting. Keep close eye on this one for a major rally to the upside.

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THQ Inc.(NASDAQ:THQI) - Watching this one for follow trough on Tuesday for higher prices. Slow STO crossover developing new uptrend.

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Other stocks to watch :

US Earnings Calendar for Tuesday, October 11

Alcoa Inc - AA
Audiovox Corp - VOXX
Century BanCorp Inc - CNBKA
Joe's Jeans Inc - JOEZN
Rocky Mountain Chocolate Factory Inc - RMCF
Seven Arts Pictures PLC - SAPX
Sutor Technology Group Ltd - SUTR
Synergetics USA Inc - SURG
WD 40 Co - WDFC
WSP Holdings Ltd - WH

The following list show stocks whose MFl (15) has been increasing over the last 2 sessions

WU - Western Union
HL - HECLA MINING CO
EXC - EXELON CORPORATION
CREE - Cree Inc
NOV - NATIONAL OILWELL INC
PCS - MetroPcs Communicat
MDR - MCDERMOTT INTL INC
MOS - Mosaic Company
ETN - EATON CORP
MON - Monsanto Co
MTL - MECHEL OAO
DNR - DENBURY RESOURCES INC
MBT - MOBIL TELESYSTEMS
OXY - OCCIDENTAL PETROLEU
HUN - HUNTSMAN CORPORATION
RIG - Transocean Ltd
WYNN - Wynn Resorts LTD
NE - NOBLE DRILLING CORP
ZION - Zions Bancorporation
AKAM - Akamai Technologies
PBCT - People's Bank
TMX - TELEFONOS DE MEXICO
NFLX - Netflix Inc
TSO - Tesoro Corp
TOT - Total Sa
HCP - HCP Inc
CIEN - CIENA Corporation
SLM - USA EDUCATION INC
JNS - Janus Capital Group
KLAC - KLA-Tencor Corporation
DE - DEERE & CO
RVBD - Riverbed Technology
GGP - General Growth Prop
NUAN - Nuance Communications
TQNT - TriQuint Semiconduc
YUM - TRICON GLOBAL REST INC
GLBL - Global Industries
OCR - OMNICARE INC
FNFG - First Niagara Finan
GCI - GANNETT CO INC
BHP - BHP Billiton Ltd
BPO - Brookfld Office
ERIC - LM Ericsson Telepho
CCE - Coca Cola Ent
PEG - Public Service Elec
APA - APACHE CORP
JWN - NORDSTROM INC
UN - UNILEVER N V
CRUS - Cirrus Logic Inc
KWK - Quicksilver Resourc
PDS - Precision Drilling
XEL - XCEL ENERGY INC
CEPH - Cephalon Inc
DISH - Dish Network A
EPI - WisdomTree India Ea
STZ - Constellation Brand
DVN - Devon Energy Cp
MMC - Marsh and Mclennan
RAI - RJ Reynolds Tobacco
RDSA - ROYAL DUTCH SH A
HMA - Health Management A
RRD - Donnelley (RR) & Sons
CROX - CROCS INC
SGEN - Seattle Genetics
ARIA - ARIAD Pharmaceutical
HBC - HSBC Holdings PLC
FSLR - First Solar Inc
FDX - FedEx Corporation
RENN - Renren Inc
CEG - Constellation Energ
ABV - Companhia de Bebida
NAV - NAVISTAR INTL CORP
NVE - SIERRA PACIFIC RESO
CHS - Chicos FAS Inc
CE - CELANESE CORPORATION
UNP - UNION PACIFIC CORP
JRCC - JAMES RIVER COAL CO
JNY - The Jones Group -
YOKU - Youkucom Inc ADR
EXPE - EXPEDIA INC
AON - AON CORP
STO - Statoil ASA
RSG - REPUBLIC SERVICES INC
GTAT - GT Solar Internatio
CPN - Calpine Corp
EIX - EDISON INTERNATIONA
KEG - Key Energy Services
CPX - COMPLETE PRODUCTION
VIP - VimpelCom Ltd
EQR - Equity Residential
ATI - Allegheny Technolog
NOC - NORTHROP GRUMMAN CORP
INFY - Infosys Ltd Adr
NXY - Nexen Inc
SCCO - Southern Copper Cp
NYT - New York Times Co
EDU - New Oriental Educat
DRI - DARDEN RESTAURANTS INC
ARR - Armour Resd Reit
MTOR - ARVINMERITOR INC
LO - Lorillard Inc
CVE - Cenovus Energy Inc
ITT - ITT Corp
FFIV - F Networks Inc
ELN - ELAN CORP P L C
ANH - Anworth Mortgage As
SREV - ServiceSource Inter
NU - NORTHEAST UTILITIES
IO - Ion Geophysical
BID - SOTHEBYS HOLDINGS INC
LRCX - Lam Research Corpor
HAS - Hasbro
EXPD - Expeditors International
IM - INGRAM MICRO INC
NG - NOVAGOLD RESOURCES INC
PLCM - Polycom Inc
E - E N I SPA ADR
VRSN - VeriSign Inc
NVS - NOVARTIS A G
BXP - BOSTON PROPERTIES INC
TSS - TOTAL SYSTEM SVCS INC
OMC - OMNICOM GROUP INC
BBL - BHP BILLITON PLC AD
IBN - Icici Bank Ltd
RRC - Range Resources Corp
LXK - Lexmark Internation
PIR - Pier Imports Inc
MMR - MCMORAN EXPLORATION CO
AINV - APOLLO INVT CORP
APH - AMPHENOL CORP
STR - QUESTAR CORP
CP - Canadian Pacific Ra
WEC - WISCONSIN ENERGY CORP
LKQX - LKQ CP
DANG - E-Commerce China Da
ALB - ALBEMARLE CORP
AMLN - Amylin Pharmaceutic
ERJ - Embraer Sa
PMTC - Parametric Technolo
ANN - Ann Inc
FTNT - Fortinet Inc
CLR - Continental Resources
NBL - NOBLE AFFILIATES INC
PNK - PINNACLE ENTERTAINMENT
VHC - PASW Inc
ATPG - ATP Oil & Gas C
IVR - Invesco Mortgage Ca
PVX - Provident Energy
TWC - Time Warner Cable Inc
NTES - Neteasecom Inc
JVA - COFFEE HOLDING CO INC
CYH - COMMUNITY HEALTH SY
SGY - STONE ENERGY CORP
WHR - WHIRLPOOL CORP
EV - EATON VANCE CORP
SOHU - Sohucom Inc
VECO - Veeco Instruments Inc
STEC - STEC Inc
KLIC - Kulicke and Soffa
SPN - SUPERIOR ENERGY SVC
FTI - FMC Technologies Inc
KCI - KINETIC CONCEPTS INC
IMAX - Imax Corporation
BC - BRUNSWICK CORP
PQ - Petroquest Energy Inc
PVA - PENN VIRGINIA CORP
UTHR - United Therapeutics
TRI - THOMSON CORP
AVY - AVERY DENNISON CORP
BWA - BorgWarner Inc
ROC - ROCKWOOD HOLDINGS INC
CMC - COMMERCIAL METALS CO
AZN - ASTRAZENECA PLC
MGA - MAGNA INTL INC CL A
INCY - Incyte Genomics Inc
PHG - Koninklijke Philips
PSA - PUBLIC STORAGE INC
KRO - KRONOS WORLDWIDE INC
UGI - U G I CORP HLDG CO
RYN - RAYONIER INC
DO - DIAMOND OFFSHR DRLL
UMPQ - Umpqua Holdings Corporation
HXL - HEXCEL CORP
VPRT - Vistaprint Nv
ATW - ATWOOD OCEANICS
IPGP - IPG PHOTONICS CORP
WRC - Warnaco Group Inc
PNM - PUBLIC SVC CO NEW M
EXXI - Energy XXI Ltd
NTT - NIPPON TELEPHONE
JKS - JINKOSOLAR HOLDINGS
FMER - FirstMerit Corporation

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.

As always, good luck !

AC

Labels: NVTL, PKD, THQI, TSL

22:45 | Permalink |

Friday Stocks To Watch

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Parker Drilling Company (NYSE:PKD) continues to push higher and still looks like it has more to go. PKD's earnings are not happening until May 4, so it's got plenty of time to move heading towards that report. The stock got a nice bounce today off of the support of its 20-day EMA and it closed near the high of the day. Long entry can be made as it moves over $7.15 and over the high of $7.35.

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Majesco Entertainment Co. (NASDAQ:COOL) popped up today and some volume came in. The stock looks good to continue higher from here as long as the market is moving with it.

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Netflix, Inc. (NASDAQ:NFLX) had a bit of indecision today and may be moving lower tomorrow. It's too early to say but the daily technical chart is displaying some bearish divergences on both the MACD and RSI indicating that this stock could reverse course. Keep an eye on it and get out if it pulls back too much.

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NVIDIA Corporation (NASDAQ:NVDA) rebounded strongly today and might be on the way up again. The stock could be bought again if it can break over $19.34 on good volume and price action.

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Banner Corporation (NASDAQ:BANR) just keeps rolling on. The stock finally gave us the move we've been waiting for. It's now above its 50-day moving average, and the bears are nervous. From here the stock looks good to continue higher.

Keep up to date by subscribing AC Investor Blog newsletter or RSS feed. You may wish to also follow me on Twitter

Other stocks to watch :

Unusual volume in today's trading session

SKGO - Skybridge Technology Group, Inc.
JUNP - Juniper Group Inc.
SVU - SUPERVALU INC
ELTP - Elite Pharmaceutical
ALTO - Alto Group Holdings
SDVI - Signature Devices, Inc.
FEEL - Feel Golf Co Inc
SEVA - Seaway Valley Capital Corporation
BYOC - Reel Estate Services
TECO - TECO Energy, Inc.
INVE - Identive Group
PWTC - Power Technology, Inc.
CHINA - CDC Corp
NPSP - NPS Pharmaceuticals
SIFY - Sify Tech Lt ADR
CPWR - Compuware Corporation
ACOR - ACORDA THERAPEUTICS
ECOS - XL Generation International
BPL - BUCKEYE PARTNERS L P
UTRM - United Treatment Centers, Inc.
VRA - Vera Bradley Inc
CRVW - Ecogate Inc
REDF - Rediff Com
SUTNY - Sumitomo Mts Adr
JBHT - J.B. Hunt Transport
SODA - SodaStream International
ESLR - Evergreen Solar Inc
VR - Validus Holdings Ltd
ABMD - ABIOMED, Inc.
RBGPY - Reckitt Benckiser G
IDIX - Idenix Pharm
KITD - ROO Group Inc
GRM - GRAHAM PACKAGING CO
ANSW - Answers
SLGN - Silgan Holdings, Inc.
CXMSF - Cemex Sa Da Cv Cpo
GA - Giant Interactive G
GY - GENCORP INC
LJPC - La Jolla Pharma
GISV - Uintah Mtn Copper Co
IRLD - Ireland Inc
ADAT - Authentidt Hldg
EFGU - Empire Film Group Inc

Earnings Announcements for Friday

A T Cross Co - ATX
Acme United Corp - ACU
American Defense Systems Inc - EAG
Bank of America Corp - BAC
Birks and Mayors Inc - BMJ
Cass Information Systems Inc - CASS
Cavico Corp - CAVO
Charles Schwab Corp - SCHW
China Ceramics Co Ltd - CCCL
China Metro-Rural Holdings Ltd - CNR
Citizens First Corp - CZFC
Commercial National Financial Corp (Pennsylvania) - CNAF
Community Central Bank Corp - CCBD
Duckwall AlCO Stores Inc - DUCK
Eagle Bancorp Montana Inc - EBMT
Eagle Rock Energy Partners Lp - EROC
Eastern Light Capital Inc - ELC
Fidelity Southern Corp - LION
First Bancshares Inc - FBMS
Genuine Parts Co - GPC
Knoll Inc - KNL
Louisiana Bancorp Inc - LABC
Magellan Petroleum Corp - MPET
Mattel Inc - MAT
Omega Navigation Enterprises Inc - ONAV
Park National Corp - PRK
Seven Arts Pictures PLC - SAPX
Star Buffet Inc - STRZ
Subaye Inc - SBAY
Taylor Devices Inc - TAYD
Tri Tech Holding Inc - TRIT
Washington Federal Inc - WFSL
Webster Financial Corp - WBS
Westamerica BanCorp - WABC

The following list show stocks whose volume has been increasing over the last 2 sessions

BAC - BANK OF AMERICA CORP
ALU - ALCATEL
DDAIF - Daimler
JPM - JP Morgan
DELL - Dell Inc
TYC - TYCO INTL LTD
MSFT - Microsoft Corporation
BSX - BOSTON SCIENTIFIC CORP
PBR - PETROLEO BRASILEIRO SA
VALE - Vale S A ADR
EMC - EMC CORP
ORCL - Oracle Corporation
KEY - KEYCORP
CMCSA - Comcast Corporation
RVBD - Riverbed Technology
NWSA - News Corp Ltd pf
EP - EL PASO CORP
LVS - LAS VEGAS SANDS CP
GME - GAMESTOP CP
HK - Petrohawk Energy
USB - US Bancorp
FITB - Fifth Third Bancorp
RF - REGIONS FINANCIAL CORP
KFT - KRAFT FOODS INC
HD - HOME DEPOT INC
STI - SUNTRUST BANKS INC
JNPR - Juniper Networks
NTAP - NetApp Inc
AMGN - Amgen Inc.
EBAY - eBay Inc.
TWX - AMERICA ONLINE INC
BHP - BHP Billiton Ltd
LSI - LSI Corp
SLGN - Silgan Holdings, Inc.
KBE - SPDR KBW BNK
NBR - Nabors Industries Inc
ADTN - ADTRAN, Inc.
DCTH - Delcath Systems, Inc.
HES - AMERADA HESS CORP
ACN - Accenture Plc
RTN - Raytheon Co
TSL - Trina Solar Ltd
GS - GOLDMAN SACHS GROUP
A - Agilent Technologies
BA - BOEING CO
BBL - BHP BILLITON PLC
CAG - CONAGRA INC
WAG - WALGREEN CO
MCD - MCDONALDS CORP
ERTS - Electronic Arts Inc.
COH - Coach Inc
AMT - AMERICAN TOWER CORP
SYY - SYSCO CORP
CNP - CenterPoint Energy Inc
LMT - LOCKHEED MARTIN CORP
FFIV - F5 Networks, Inc.
WDC - WESTERN DIGITAL CORP
CNQ - Canadian Natural Resources
CIT - CIT GROUP INC
ARUN - Aruba Networks Inc
BBBY - Bed Bath & Beyond Inc.
CNX - CONSOL Energy Inc
DYN - Dynegy Delaware Inc
STT - STATE STREET CORP
SUN - SUNOCO INC
CMA - COMERICA INC
VMW - VMWARE INC CLASS
ALTR - Altera Corporation
UTX - UNITED TECHNOLOGIES
COF - CAPITAL ONE FNCL CORP
SCCO - Southern Copper Cp
GMCR - Green Mountain Coffee
SOL - Renesola Ltd
KMB - KIMBERLY CLARK CORP
IBN - Icici Bank Ltd
SOLR - GT Solar International
NKE - NIKE INC
NOC - NORTHROP GRUMMAN CORP
CEPH - Cephalon, Inc.
LOGI - Logitech International
BEXP - Brigham Exploration Co
HOG - HARLEY DAVIDSON INC
MDRX - Allscript Health
DRE - DUKE-WEEKS REALTY CORP
CAH - CARDINAL HEALTH INC
NWS - News Corp Ltd ADR
TEX - TEREX CORP
LNC - LINCOLN NATIONAL CORP
CDNS - CADENCE DESIGN SYS INC
ETFC - E*Trade Financial Inc
EROC - Eagle Rock Energy
NYT - New York Times Co
HOC - Holly Cp
CLI - MACK CALI REALTY CORP
FBR - Votorantim Adr
ARO - AEROPOSTALE INC
ROVI - Macrovision Corporation
VTR - Ventas Inc
RHT - Red Hat, Inc.
PAYX - Paychex, Inc.
AZN - ASTRAZENECA PLC
AHD - Atlas Energy Lp
ADSK - Autodesk, Inc.
DECK - Deckers Outdoor Corporation
RMD - RESMED INC
IO - Ion Geophysical
HOLX - Hologic, Inc.
WYNN - Wynn Resorts LTD
INFA - Informatica Corp
REDF - Rediff Com
KBR - KBR Inc
SLG - SL Green Realty Corp
UNM - UNUM GROUP
PKD - PARKER DRILLING CO
MLNK - CMGI, Inc.
QGEN - Qiagen N.V.
SFI - ISTAR FINANCIAL INC
CVA - Covanta Holding Cp
PSS - Collective brands
SAPE - Sapient Corporation
PPG - P P G INDUSTRIES INC
CBEY - Cbeyond Inc
FDO - FAMILY DOLLAR STORES
NI - NISOURCE INC
GR - BF GOODRICH CO
INTU - Intuit Inc.

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: COOL, NFLX, NVDA, PKD

23:19 | Permalink |

Hot Stocks for Friday

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Harmony Gold Mining Co. (NYSE:HMY) had a very good bullish rally this week accompanied with large volume. A gap was formed also with good volume. The stock is now near the red line as RSI approaches the 90 level. It may still move up some cents but I expect a correction any time as I have observed that a lot of indicators have already reached overbought level. Right now it is way too risky for a long position.

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Parker Drilling Company (NYSE:PKD) has rallied from below $4 to above $5.75 in just two months, a gain of over 40%. The technical chart shows very strong upward momentum as the stock is trading above the 50 day moving average with both 50 day and 200 day moving average going up. At this point I will be a buyer only once it breaks through Wednesday’s high of $5.85 for the continuation move. Stochastics and the RSI are overbought but remain bullish signaling.

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GigaMedia Limited (NASDAQ:GIGM) closed at $1.30, up 15 cents points for the day, reconfirming the new uptrend after the recent break above the major resistance on expanding volume. The technical indicators are looking better for the stock. The technical chart shows a very bullish sign as the stock is back on top of 50 day moving average. For now, expect a run up to next resistance area around $1.50. If the stock is able to cross it and sustain above it, then it might go to $1.73 ( 200 EMA ). Support lies around $1.16.

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DryShips Inc. (NASDAQ:DRYS) breaks above the key resistance zone at $4.72 ( MA 200 ), signifying that a new short term uptrend is in place. Further rise is expected to follow to retest $5.19 high. Near term support is now located at $4.62, as long as this level holds, I'd expect the uptrend to continue. Long-term investors may hold with a stop at $4.48.

Other stocks to watch :

Earnings Announcements for Friday

Ada Es Inc - ADES
ARC Wireless Solutions Inc - ARCW
AspenBio Pharma Inc - APPY
Biostar Pharmaceuticals Inc - BSPM
Capstone Therapeutics Corp - CAPS
Celsion Corp - CLSN
China Biologic Products Inc - CBPO
China Gerui Advanced Materials Group Ltd - CHOP
Clean Diesel Technologies Inc - CDTI
Codorus Valley Bancorp Inc - CVLY
CRA International Inc - CRAI
DayStar Technologies Inc - DSTI
Electro Sensors Inc - ELSE
Emergency Medical Services Corp - EMS
Enova Systems Inc - ENA
Ever Glory International Group Inc - EVK
Gencorp Inc - GY
GRAVITY Co Ltd - GRVY
HMG/Courtland Properties Inc - HMG
Innovaro Inc - INV
Kandi Technologies Corp - KNDI
Medicinova Inc - MNOV
Nexxus Lighting Inc - NEXS
NF Energy Saving Corp - NFEC
PAB Bankshares Inc - PABK
QKL Stores Inc - QKLS
Seven Arts Pictures PLC - SAPX
Sonesta International Hotels Corp - SNSTA
Spanish Broadcasting System Inc - SBSA
Star Buffet Inc - STRZ
Tengion Inc - TNGN
The Coast Distribution System Inc - CRV
Trunkbow International Holdings Ltd - TBOW
United Bancorp Inc - UBCP
United Community Financial Corp - UCFC

The following list show stocks whose volume has been increasing over the last 3 trading sessions

MU - Micron Technology
YHOO - Yahoo! Inc
HCP - HCP Inc
ADBE - Adobe Systems Incorporation
JBL - JABIL CIRCUIT INC
GILD - Gilead Sciences, Inc.
VLO - VALERO ENERGY CORP NEW
BIDU - Baidu Inc
BBD - BANCO BRADESCO SA ADS
MS - Morgan Stanley
NKE - NIKE INC CL B
SBUX - Starbucks Corporation
ATVI - Activision, Inc.
URBN - Urban Outfitters, Inc.
NEM - NEWMONT MINING CORP
SLE - SARA LEE CORP
HAL - HALLIBURTON CO HLDG CO
NFLX - Netflix, Inc.
LO - Lorillard Inc
HMY - HARMONY GOLD MINING
MOTR - Motricity Inc
IRM - IRON MOUNTAIN INC
BP - BP AMOCO ADS
ROYL - Royale Energy, Inc.
WY - WEYERHAEUSER CO
CAM - Cameron Intl
CA - CA Inc
ETFC - E*Trade Financial Inc
ESRX - Express Scripts, Inc.
NBR - Nabors Industries Inc
XLNX - Xilinx, Inc.
UPS - UPS
PLAB - Photronics, Inc.
V - VISA Inc
BHP - BHP Billiton Ltd
GCI - GANNETT CO INC
GMCR - Green Mountain Coffee
APC - ANADARKO PETROLEUM
EOG - EOG Resourses
LEN - LENNAR CORP
MMC - Marsh and Mclennan
JWN - NORDSTROM INC
AGN - ALLERGAN INCORPORATED
GFI - GOLD FIELDS LTD
HEK - Heckmann Corp
LZ - LUBRIZOL CORP
VIA.B - Viacom Inc Class B
AMX - America Movil SA
ISIL - Intersil Holding Co.
CAH - CARDINAL HEALTH INC
KEG - Key Energy Services
UNP - UNION PACIFIC CORP
GRS - GAMMON GOLD
PIR - Pier 1 Imports Inc
CF - CF INDUSTRIES HOLDINGS
PAYX - Paychex, Inc.
KMX - CarMax Inc
SINA - sina.com
KIM - KIMCO REALTY CORP MD
SRE - SEMPRA ENERGY
TOL - TOLL BROTHERS INC
TS - Tenaris SA
TTM - TATA MOTORS LTD ADS
VMED - Virgin Media Inc
NOC - NORTHROP GRUMMAN CORP
NOV - NATIONAL OILWELL INC
RHT - Red Hat, Inc.
APKT - Acme Packet Inc
QSFT - Quest Software, Inc.
GLBL - Global Industries
JAG - JAGUAR MINING INC
CI - C I G N A CORP
LTC - L T C PROPERTIES INC
LNC - LINCOLN NATIONAL CORP
GFA - Gafisa SA
BIG - Big Lots Inc
WM - WASTE MANAGEMENT INC
CVG - CONVERGYS CORP
TV - GRUPO TELEVISA S A
CAR - Avis Budget Group Inc
LRCX - Lam Research Corporation
CMA - COMERICA INC
CNO - Cno Fnancial Grp
IVN - IVANHOE MINES LTD ORD
BWA - BorgWarner Inc
CBL - CBL and Associates
ORI - OLD REPUBLIC INTL CORP
TSU - Tim Participacs
TIE - TITANIUM METALS CORP
AXS - AXIS CAPITAL HLDGS LTD
REDF - Rediff Com
PH - PARKER HANNIFIN CORP
AFFY - Affymax Inc
QLIK - Qlik Technologies Inc
AZN - ASTRAZENECA PLC
TDC - Teradata Corp
RHI - ROBERT HALF INTL INC
BMC - BMC Software Inc
CXO - Concho Resources Inc
INFY - Infosys Technologies
SPPI - Spectrum Pharmaceutical
NLC - NALCO HOLDING CO
UDR - UDR Inc
DGW - Duoyuan ADR
CISG - CNinsure Inc
WRI - WEINGARTEN REALTY INVS
KT - KOREA TELECOM CORP
OAS - Oasis Petroleum Inc
PX - PRAXAIR INC
LYV - Live Nation Entn
HXL - HEXCEL CORP
HUM - HUMANA INC
TMX - TELEFONOS DE MEXICO
CLGX - FIRST AMERICAN CORP
UL - Unilever PLC
ENI - ENERSIS S A
RBC - Regal Beloit Corp
ENOC - EnerNOC Inc
ST - Sensata Technologies
TEN - Tenneco Inc
OPEN - Opentable Inc
DVA - DaVita Inc
ARG - AIRGAS INC
G - Genpact Ltd
QCOR - Questcor Pharm
FTNT - Fortinet Inc
BUCY - Bucyrus Intl
EPL - Energy Partners Ltd
FRG - Fronter Gold Inc
BG - BUNGE LTD
TPLM - TRIANGLE PETROLEUM
SAH - SONIC AUTOMOTIVE INC
CRNT - Ceragon Network
LPL - LG Display Co
WPRT - Westport Innovations
VAR - Varian Medical Systems
PRGO - Perrigo Company
CVLT - CommVault Systems Inc
MDAS - MedAssets Inc
VRSK - Verisk Analytics
UMPQ - Umpqua Holdings Corporation
HTLD - Heartland Express
AER - AERCAP HOLDINGS N V
CBEY - Cbeyond Inc
TXRH - TEXAS ROADHOUSE INC

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.

As always, good luck !

AC

Labels: DRYS, GIGM, HMY, PKD

23:22 | Permalink |

Top Trade Ideas for the Week of March 21

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The Technical daily chart shows an exhaustion move, where the price had penetrated the $12.70 level confluence with 50-day moving average, but failed to hold above it. The trend direction in short term is now bearish. The medium-term trend outlook for the stock is neutral. It is moving sideways in a range between $12.82 and $10.68 over the last six months. Long-term investors can hold the stock with a stop at $10.68.

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Pfizer Inc. (NYSE:PFE) -As you can see from the chart above, the stock has been trading within a rising channel since July 2010. The stock ends the week near the top of its rising channel Would anticipate a correction to at least $19.41. A close below $19.95 would signal a trend change.

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Shares of Parker Drilling Company (NYSE:PKD) ran into some profit taking on Friday after Thursday's big rally. The short-term outlook for the stock is Bullish and move up to $5.85 is possible in the near-term. My first target is $5.89. My second, more aggressive target is $6.54 with a time frame of several weeks. Near-term support for Parker Drilling Company is present at $5.42. Subsequent supports for the stock are present at $5 and then $4.95. Technical indicators are supporting the bulls. EMAs are moving up. MACD is positive and above the signal line. You need to put this stock on your watchlist next week and pay special attention to the price and the volume action.

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There is no change from my previous updates on Banner Corporation (NASDAQ:BANR). The stock looks poised to move higher. The technical daily chart shows possibility of new rally as the stock bounced up after dropping back to 50 day moving average. In addition, the 50 day moving average has crossed on top over 200 day moving average early this month to form the Golden Cross. Typically, when a Golden Cross is formed the stock will be heading into a strong bull market. At the same time, the daily stochastics is reaching the oversold zone. These technical factors suggest taking a long position.

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Unusual volume in friday's trading session

UNDT - Universal Detection Technology
JUNP - JUNIPER GRP INC
CTIC - Cell Therapeutics
RAD - RITE AID CORP
BGOI - BONANZA OIL & GAS
POPN - Pop N Go Inc
CRA - Celera Group
EXPU - Expert Group, Inc.
CNP - CenterPoint Energy Inc
KATX - KAT Exploration Inc.
NKE - NIKE INC
URRE - URANIUM RESOURCES INC
VTG - Vantage Drilling
USU - USEC INC
LO - Lorillard Inc
CIGX - Star Scientific, Inc.
ELTP - Elite Pharmaceutical
TLB - TALBOTS INC
UXG - U S Gold Corp
ARIA - ARIAD Pharmaceutical
GMO - General Moly Inc
BPZ - BPZ Resources
GERN - Geron Corporation
VTPI - Vital Products Inc
MMR - MCMORAN EXPLORATION CO
AXAS - Abraxas Petroleum C
BKS - BARNES & NOBLE INC
JRCC - JAMES RIVER COAL CO
JAS - JO-ANN STORES INC
CHU - CHINA UNICOM LTD
LXRX - Lexicon Genetics In
PQ - Petroquest Energy Inc
BWS - BROWN SHOE CO INC
SAH - SONIC AUTOMOTIVE INC
OAS - Oasis Petroleum Inc
ISIS - Isis Pharmaceutical
PKD - PARKER DRILLING CO
HA - Hawaiian Holding
NPSP - NPS Pharmaceuticals
URA - Global X Uranium
WOR - WORTHINGTON INDS INC
REXX - Rex Energy Corp
MITI - MICROMET INC
PAG - UNITED AUTO GROUP INC
LBTYK - Liberty Global Inc
CRK - COMSTOCK RESOURCES INC
ESLR - Evergreen Solar Inc
CIE - Cobalt International
FRED - Fred's, Inc.
SCSS - Select Comfort Corp
RVI - VALUE CITY DEPT STORES
PVA - PENN VIRGINIA CORP
PETM - PETsMART, Inc.
SSI - Stage Stores, Inc.
PPO - Polypore International
GDP - GOODRICH PETE CORP NEW
RTI - R T I INTERNATIONAL
DVR - CAL Dive International
ZUMZ - ZUMIEZ INC
ABG - GROUPE AB S A
JVA - COFFEE HOLDING CO INC
CAB - Cabelas Inc
AFFY - Affymax Inc
ASNA - Ascena Retail Group
CXW - Corrections Corporation
FINL - Finish Line, Inc.
ALKS - Alkermes, Inc.
ENZN - Enzon, Inc.
SFLY - SHUTTERFLY INC
WG - WILLBROS GROUP INC
AAN - Aarons Inc
HIBB - Hibbett Sports
FNB - F.N.B. Corporation
GPOR - Gulfport Energy Corp
UTSI - UTStarcom, Inc.
IMGN - ImmunoGen, Inc.
OXIS - Oxis Interntnl
GLNG - GOLAR LNG LTD
NX - Quanex Building
GEOI - GeoResources, Inc.
RUE - Rue21 Inc
LL - Lumber Liquidators Inc
WGAT - Worldgate Communication
WIBC - Wilshire State Bank
ZINC - Horsehead Hldg Corp
HALO - HALOZYME THERAPEUTICS
NWY - NEW YORK & CO INC
ENHT - enherent Corp
SSD - SIMPSON MFG CO INC

Earnings Announcements for Monday

Adams Resources & Energy Inc - AE
American Electric Technologies Inc - AETI
AspenBio Pharma Inc - APPY
Astea International Inc - ATEA
B&H Ocean Carriers Ltd - BHO
Biotime Inc - BTX
Birks and Mayors Inc - BMJ
Bitstream Inc - BITS
Blonder Tongue Laboratories Inc - BDR
Cache Inc - CACH
Canterbury Park Holding Corp - CPHC
Cardium Therapeutics Inc - CXM
Chicago Rivet And Machine Co - CVR
China Automotive Systems Inc - CAAS
China TransInfo Technology Corp - CTFO
Clean Diesel Technologies Inc - CDTI
Cleveland Biolabs Inc - CBLI
Commonwealth Bankshares Inc (Virginia) -CWBS
CRA International Inc - CRAI
Crimson Exploration Inc - CXPO
CTI Industries Corp - CTIB
Dara Biosciences Inc - DARA
DayStar Technologies Inc - DSTI
Deerfield Capital Corp - DFR
Derma Sciences Inc - DSCI
Document Security System Inc - DMC
Empire Resorts Inc - NYNY
Enova Systems Inc - ENA
Feihe International Inc - ADY
First Clover Leaf Financial Corp - FCLF
G Willifood International Ltd - WILC
Global Power Equipment Group Inc - GLPW
Global Tech Advanced Innovations Inc - GAI
Hastings Entertainment Inc - HAST
Hearusa Inc - EAR
HSW International Inc - HSWI
Industrial Services Of America Inc - IDSA
Innovaro Inc - INV
Jaguar Mining Inc - JAG
KB Home - KBH
KSW Inc - KSW
Lakes Entertainment Inc - LACO
LJ International Inc - JADE
Medicinova Inc - MNOV
Neurogesx Inc - NGSX
Oxygen Biotherapeutics Inc - OXBT
Pansoft Co Ltd - PSOF
Park Bancorp Inc - PFED
Patriot National Bancorp Inc - PNBK
Pdi Inc - PDII
Pernix Therapeutics Holdings Inc - PTX
PhotoMedex Inc - PHMD
Poniard Pharmaceuticals Inc - PARD
Presidential Life Corp - PLFE
RF Monolithics Inc - RFMI
Spherix Incorporated - SPEX
Star Buffet Inc - STRZ
Sulphco Inc - SUF
Sutron Corp - STRN
Tasty Baking Co - TSTY
Terra Nova Royalty Corp - TTT
Tiffany & Co - TIF
Torch Energy Royalty Trust - TRU
Trailer Bridge Inc - TRBR
United Guardian Inc - UG
Valley Financial Corp - VYFC
VCG Holding Corp - VCGH
Westway Group Inc - WWAY
Wimm Bill Dann Foods Open Joint Stock Co - WBD
Winland Electronics Inc - WEX
WSI Industries Inc - WSCI

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.

Have a nice weekend,

AC

Labels: BANR, LDK, PFE, PKD

21:33 | Permalink |

Momentum Stocks for Next Week

( click to enlarge )

Atmel Corporation (NASDAQ:ATML) - The long-term outlook turned overtly positive when the stock moved past its previous high of $6.03 in August last year. ATML recorded the peak of $16.80 early this month and is currently in a correction with support level at the 50-day average which is currently at $13.85. Although price of the stock is in a clear uptrend, the momentum indicators are showing signs of weakness. Both stochastic analysis and MACD charts are flashing bearish outlook for ATML. MACD has a bearish crossover too. I stay with the view that investors with medium-term perspective can hold the stock as long as it trades above $13.85 ( 50-dma ). However any close below this level can impart further weakness. Short-term resistances would be at $15.64 and $16 while long-term resistance for the stock is at the previous peak at $16.80.

( click to enlarge )

Parker Drilling Company (NYSE:PKD) is very bullish with a lot of hot indicators showing up. The slope of the upward move is very steep accompanied by increasing volume. The stock closed at $5.24, up 29 cents (+5.86%) on volume of 1.8 Million. PKD has a good looking stock chart price broke out from the horizontal resistance mark around $4.80. All indicators are in favor of an upward price movement. Key intermediate resistance for the stock however exists in the zone between $5.52 and $5.76. This momentum could push this stock much higher from here, so keep it on the radar.

( click to enlarge )

Motorola Mobility Holdings, Inc. Common Stock (NYSE:MMI) has finally closed above its 50 week moving average currently placed around levels of $30.57. This stock has just started moving higher and established a short term up-trend. Momentum indicators are slightly bullish now with RSI inching away above the middle level. The strongest sign of a bullish momentum is the MACD indicator which has just started to increase. The On Balance Volume is also showing positive signs on the stock. Price is expected to at least rally the next resistance at $32.12 and even go higher to test the next resistance level at $33. The forecast is valid only if the price of MMI stays above $28.80 and if this support level is breached, price of the stock may fall further to $27.44.

I encourage everybody to subscribe my twitter and newsletter, so you can receive my trade ideas and stock news in real time.

Other stocks to watch :

Earnings Announcements for Monday

51JOB INC - JOBS
A123 SYS INC - AONE
Aastrom Biosciences - ASTM
ABM Industries - ABM
ADCARE HEALTH SYSTEMS INC - ADK
ES Corporation - AES
ALLIED NEVADA GOLD CORP - ANV
Almost Family - AFAM
ALTRA HOLDINGS INC - AIMC
American Safety Insurance - ASI
AMYRIS INC - AMRS
APPLIANCE RECYCLING CTRS AMER - ARCI
ARCA biopharma, Inc. - ABIO
Armstrong World Industries Inc. - AWI
Arotech Corporation - ARTX
Arrhythmia Research Technology - HRT
B&H Ocean Carriers Limited - BHO
Balchem - BCPC
BCB BANCORP INC - BCBP
BioScrip - BIOS
Bitauto Holdings Limited - BITA
Blount International - BLT
Bluefly - BFLY
BP Prudhoe Bay Royalty Trust - BPT
Brooklyn Federal Bancorp Inc - BFSB
Cache, Inc. - CACH
CALAVO GROWERS INC - CVGW
CAPITAL TRUST INC MD - CT
Cbeyond Inc. - CBEY
CCA Industries - CAW
Celera - CRA
Cerus - CERS
Chesapeake Utilities - CPK
CHINA ARCHITECTURAL ENGR INC - CAEI
China Cord Blood Corp - CO
China Information Security Technology, Inc. - CNIT
China Security & Surveillance Tech. Inc. - CSR
China Yuchai International - CYD
CLARK HLDGS INC - GLA
Coeur d'Alene Mines - CDE
Cohen & Company Inc. - IFMI
CompuCredit - CCRT
CompX International - CIX
Comtech Telecommunications - CMTL
CPEX PHARMACEUTICALS INC - CPEX
CryptoLogic Limited - CRYP
Culp, Inc. - CFI
Cumulus Media Inc. - CMLS
CYBERDEFENDER CORP - CYDE
Cybex International - CYBI
Data I/O - DAIO
DEER CONSUMER PRODS INC - DEER
DESARROLLADORA HOMEX S A DE CV - HXM
Deswell Industries - DSWL
DIALOGIC INC - DLGC
Digimarc Corporation - DMRC
DIGITALGLOBE INC - DGI
DTS, Inc. - DTSI
DUSA Pharmaceuticals - DUSA
EasyLink - ESIC
Ecopetrol SA - EC
Edac Technologies - EDAC
Edison International - EIX
Einstein Noah Restaurant Group Inc - BAGL
EMERGENCY MEDICAL SVCS CORP - EMS
Empresas ICA S.A.B. de C.V. - ICA
Endo Pharmaceuticals - ENDP
Enstar Group Ltd. - ESGR
Entertainment Properties Trust - EPR
Entravision Communications Corporation - EVC
Escalade - ESCA
Exactech - EXAC
Excel Maritime Carriers Ltd. - EXM
ExlService Holdings, Inc - EXLS
Federal Signal - FSS
Franklin Electric - FELE
FUNTALK CHINA HOLDINGS LIMITED - FTLK
G. Willi-Food International Limited - WILC
General Growth Properties Inc - GGP
General Moly - GMO
GOLAR LNG LTD BERMUDA - GLNG
GP Strategies - GPX
Grupo TMM, S.A - TMM
GTSI Corp. - GTSI
Gulf Resources, Inc. - GFRE
Haverty Furniture Inc. - HVT
HAWTHORN BANCSHARES INC - HWBK
HickoryTech - HTCO
HMG/Courtland Properties - HMG
Hsbc Finance Corp - HTB
Hudson Technologies - HDSN
Icahn Enterprises L.P. - IEP
Idenix Pharmaceuticals, Inc. - IDIX
IDENTIVE GROUP, INC - INVE
Integra Bank Corporation - IBNK
Interoil Corp. - IOC
IRIS International, Inc. - IRIS
Isis Pharmaceuticals - ISIS
Isle of Capri Casinos - ISLE
JAZZ PHARMACEUTICALS INC - JAZZ
JinkoSolar Holding Co., Ltd. - JKS
Kaman Corporation - KAMN
Kansas City Life - KCLI
Kenneth Cole - KCP
Kent Financial - KENT
KSW INC - KSW
KU6 MEDIA CO LTD - KUTV
LeMaitre Vascular, Inc. - LMAT
Liberty Media Corporation - LINTA
Live Nation Entertainment, Inc. - LYV
LiveDeal, Inc. - LIVE
LSB Financial - LSBI
Luxottica Group - LUX
M&F Worldwide - MFW
MAJESTIC CAPITAL LTD - MAJC
MarkWest Energy Partners LP - MWE
Martek Biosciences Corporation - MATK
Medallion Financial - TAXI
Medifast Inc - MED
MELA Sciences - MELA
Micromet Inc. - MITI
Mindray Medical International Ltd - MR
Mine Safety Appliances - MSA
Mobile Mini - MINI
Nationwide Health Properties, Inc. - NHP
Nautilus, Inc. - NLS
Neoprobe - NEOP
New York Mortgage Trust Inc - NYMT
NF ENERGY SAVING CORP - NFEC
Noah Education Holdings Ltd - NED
OCEAN SHORE HLDG CO NEW - OSHC
Overseas Shipholding Group, Inc. - OSG
Overstock.com Inc - OSTK
OXiGENE, Inc. - OXGND
PANSOFT COMPANY LIMITED - PSOF
Park Bancorp - PFED
PDI, Inc. - PDII
PDL BioPharma, Inc. - PDLI
Permian Basin - PBT
PICO Holdings - PICO
Pointer Telocation Ltd - PNTR
Precision Optics Corporation, Inc. - PEYE
PRGX Global, Inc. - PRGX
Psychemedics Corporation - PMD
Quicksilver Resources - KWK
Range Resources - RRC
Relm Wireless Corporation - RWC
Roberts Realty Investors Incorporated - RPI
ROMA FINANCIAL CORP - ROMA
ROME BANCORP INC NEW - ROME
Rosetta Resources Inc. - ROSE
Rosetta Stone Inc. - RST
Salix Pharmaceuticals, Inc. - SLXP
San Juan Basin Royalty Trust - SJT
Saul Centers - BFS
SemGroup Corporation - SEMG
Sonus Networks - SONS
Sotheby's - BID
South Jersey Industries - SJI
Southwest GasSWXSPARK NETWORKS PLC - LOV
Spartech - SEH
Spherix Inc. - SPEX
Standard Motor Products - SMP
Star Buffet - STRZ
Stereotaxis Inc. - STXS
SuperGen - SUPG
Sykes Enterprises, Incorporated - SYKE
Syntroleum - SYNM
TGC - TGE
THE9 LTD - NCTY
Threshold Pharmaceuticals, Inc. - THLD
Titanium Metals Corporation - TIE
TNS INC - TNS
Tower Group Inc. - TWGP
Trailer Bridge Inc - TRBR
Trans World Entertainment Corp. - TWMC
Trex Company, Inc. - TREX
TriMas Corporation - TRS
U.S. Auto Parts Network, Inc. - PRTS
U.S. Home Systems - USHS
Unify Corporation - UNFY
UniSource Energy - UNS
United Security Bancshares - UBFO
Universal Health Services - UHS
URS Corp. - URS
VanceInfo Technologies Inc. - VIT
VisionChina Media - VISN
Visteon Corporation - VC
Vivus, Inc. - VVUS
Warnaco Group, Inc. - WRC
Weingarten Realty Investors - WRI
WESTWAY GROUP INC - WWAY
World Heart - WHRT
Xueda Education Group - XUE
YPF SOCIEDAD ANONIMA - YPF
YUHE INTERNATIONAL INC - YUII

New 52-week highs

SD - Sandridge Energy Inc
IPG - INTERPUBLIC GRP OF COS
CBS - CBS Cl B
DECK - Deckers Outdoor Corporation
RDC - ROWAN COS INC
PDE - PRIDE INTL INC
HANS - Hansen Natural Corporation
OCLR - Bookham Technology plc
INT - WORLD FUEL SVCS CORP
DRC - DRESSER-RAND GROUP INC
SPR - Spirit Aerosystems
SFI - ISTAR FINANCIAL INC
PPO - Polypore International
WWWW - Web.Com Group
MFA - Mfa Financial
FXEN - FX Energy, Inc.
SATS - EchoStar Corp
SM - Sm Energy Co
ZINC - Horsehead Hldg Corp
IPGP - IPG PHOTONICS CORP
FEIC - FEI Company
AHT - ASHFORD HOSPITALITY
WTI - W&T OFFSHORE INC
ROSE - ROSETTA RESOURCES
BGCP - eSpeed, Inc.
GTLS - CHART INDUSTRIES
GGC - GEORGIA GULF CORP
VTR - Ventas Inc
TMX - TELEFONOS DE MEXICO
SAH - SONIC AUTOMOTIVE INC
NWY - NEW YORK & CO INC
ELOS - SYNERON MEDICAL LTD
CPNO - COPANO ENERGY LLC UTS
CPHD - CEPHEID

Unusual volume in today's trading session

PPBV - Purple Beverage Company, Inc
EBLC - EarthBlock Technologies Inc.
SSTP - Sustainable Power Corp.
MDAS - MedAssets Inc
ROYL - Royale Energy, Inc.
KNKT - KUNEKT CORPORATION
EGYF - Energy Finders, Inc.
NTRI - Nutri/System Inc
GVBP - Genova Biotherapeutics, Inc
CNOZ - Tiger Ethanol International
SRV - CUSHING MLP TTL RTN
IGPG - Ignis Petroleum Group, Inc.
PCCYF - Petrochina Co Ltd
CMZPF - COMPTON PETROLEUM C.
ALAN - Alanco Technologies
GUKYF - Gulf Keystone Petroleum Ltd.
CHUFF - China Unicom Hong K.
SSOL - Sunvalley Solar Inc
BHPLF - BHP BILLITON LTD
TIXC - Tix Corp
CPYYY - Centrica plc
SLVM - Silverstar Mining Corp
HNDAF - Honda Motor Co Ltd
CAJFF - Canon Inc
TSSP - Trendsetter Solar Products, Inc
DLIA - DELIAS INC
AITX - AirTrax Inc
EGTK - Energtek Inc
XODG - Xodtec Led Inc
STKXF - Strikepoint Gold Inc
TLPH - Teliphone Corp
DBSDY - DBS Group Holdings, Ltd
JOES - Joe's Jeans Inc.
PGRI - Platinum Ener Res
TJSS - Taj Systems, Inc.
DJSPW - DJSP Enterprises, Inc.
HTRRF - HEATHERDALE RESOURCE
ANIMF - Animas Res Ltd
KUB - KUBOTA CORP
PLCSF - PLC Systems Inc.
ANLY - Analysts International

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.

Have a nice weekend !

AC

Labels: ATML, MMI, PKD

23:04 | Permalink |

Stocks to watch on Thursday Jan 14

( click to enlarge )

Wednesday, CTIC broke out of a consolidation range as the stock closed up $.17 on the day. Wednesday’s high was $1.40, which is resistance for Thursday’s continuation move. Further rally could be seen to retest $1.523 medium term resistance. As long as the stock stay above 1.22 area, the bullish scenario is still intact. Technical chart shows bullish sign with K line on top of D line and MACD on top of signal line.

( click to enlarge )

PKD closed positive on Wednesday as the stock continues to try to make another upside move. I'm buyer of PKD once it breaks Monday’s high of $5.63 for this breakout move.

( click to enlarge )

Over the past three months, the stock has been trading in a very tight range, forming a symmetrical triangle in the process. Whenever I see this type of technical formation, I know that a breakout is imminent. These triangles are technically a consolidation pattern meaning they could move either way, however there may be a slight tendency to continue bullish. I'm using $6.77 level as resistance for this breakout move. DRYS will move very quickly, so watch the stock closely.

Other Stocks to Watch :

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

WFC - WELLS FARGO & CO
MO - ALTRIA GROUP
DAL - Delta Airlines
CVS - CVS Caremark Corp
MBI - M B I A INC
DDR - Developers Diversif
KIM - KIMCO REALTY CORP MD
MON - Monsanto Co
EP - EL PASO CORP
ALTR - Altera Corporation
LUV - SOUTHWEST AIRLINES CO
PTEN - Patterson-UTI Energ
ABT - ABBOTT LABORATORIES
HK - Petrohawk Energy
TCK - Teck Recs B
NBR - Nabors Industries Inc
WAG - WALGREEN CO
FMBI - First Midwest Banco
MDT - MEDTRONIC INC
BNI - BURLINGTON NORTHERN
ESV - Ensco Intrnl Plc
PDS - Precision Drilling
APA - APACHE CORP
MJN - Mead Johnson Nutrition
APOL - Apollo Group, Inc.
ITT - ITT Corp
CAM - Cameron Intl
ADP - Automatic Data Process
ITB - ISHARES DOW JONES U
EOG - EOG Resourses
HERO - HERCULES OFFSHORE I
BIIB - IDEC Pharmaceutical
AOL - AOL Inc
MYGN - Myriad Genetics, Inc
COV - Covidien Plc
PCL - PLUM CREEK TIMBER CO
UPL - ULTRA PETROLEUM CP
CNQ - Canadian Natural Re
DEI - Douglas Emmett Inc
HAS - HASBRO INC
ETR - ENTERGY CORP HLDG CO
NAV - NAVISTAR INTL CORP
SNPS - Synopsys, Inc.
CRI - CARTERS INC
AON - AON CORP
QSFT - Quest Software, Inc.
HANS - Hansen Natural Corp
RWT - REDWOOD TRUST INC
ARM - ARVINMERITOR INC
XRAY - DENTSPLY International
SHO - SUNSTONE HOTEL INVE
BJ - BJ'S WHOLESALE CLUB
OMN - OMNOVA SOLUTIONS INCQ
HR - HEALTHCARE REALTY T
PCP - PRECISION CASTPARTS
MIC - MACQUARIE LLC
WCC - WESCO INTERNATIONAL
FOE - FERRO CORP
CML - Compellent Technolo
AHL - ASPEN INSURANCE HLD
GXP - Great Plains Energy
XRA - EXETER RESOURCE CORP
ATHN - athenahealth 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 trading day !!!

AC

Labels: CTIC, DRYS, PKD

13:30 | Permalink |

Stocks to watch next week - Aaron Rents, Parker Drilling and Rambus

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

RMBS caught my eye last month when price broke out of an Inverted Head & Shoulders pattern near 9.91/share and have been watching patiently ever since. I really like this setup and think we could see a continuation to the upside especially if price breaks the 10.79 resistance. Currently price is is trading in a tight range. On Thursday's session there was another spike in volume towards the close along with a strong intraday rally placing momentum in favor of the bulls indicating this pattern could be broken to the upside in the near future. By a technical perspective, stock still trading in a Bullish momentum, with share price above its 20 and 50 dma. Another technical indicator that jumps out at me on RMBS is the short interest percentage. The short interest has decreased about 20% in the last month without a substantial rally. This bodes well for Rambus’s direction in the case of a good rally. I want to buy RMBS if price begins to breach the 10.79 trigger long price, because this breakout could trigger a strong swing near 13 - 15/ share.

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

PKD broke out of a symmetrical triangle on Wednesday and the volume spiked along with strong move, sign that a new trend could be in play. Price is now trying to break above its short-term major resistance zone at $2.6. From chart, MACD and KD both signal positive strength. However ROC has rose too quickly and is now at overbuy level so profit taking could may start very soon. Hold the stock with a stop at $2.35 if you are a short-term investor. If this support holds, the stock can move higher to 2.60 again.

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

RTN - Aaron Rents gapped up Thursday and spiked higher in early trade. The stock drifted lower late in the afternoon, but finished up by $0.43 at $29.11 with the second highest volume of the year. The stock broke out to six month high Thursday. The stock might ease off in the near term towards $28. But the long-term outlook will stay positive as long as it remains above $27.22. Technically speaking, both MACD and KD show bullish sign. The stock is trading above 50 day and 200 day moving average, also a bullish sign. The only potential risk is that RSI has already reached overbought level. Corrections that make the stock fall to $28 should be perceived as a buying opportunity.

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 on Monday !!!

Happy Easter !!

AC

Labels: PKD, RMBS, RTN

09:30 | Permalink |

Trade Ideas for next week !!!

Chart courtesy of stockcharts

CMGI breakout the ASCENDING TRIANGLE. The technical chart above show that the stock is now in a rally after breakout today a key resistance level 2.50$ , overall technical picture show stock still in Bull market trading above 50 day and 200 day moving average. For me It'll be not a surprise if we see at this level a short covering. Support is now the previous resistance area 2.50$.

Chart courtesy of stockcharts

Brocade Communications shares were down on Friday 8.17% or 0.75$ to 8.44$ after company reported a sharp decline in second-quarter earnings. Brocade Communications Systems reported break-even earnings per share, or income of $843,000, down from 5 cents per share, or income of $13.5 million, in the year-ago period. Looking at the daily chart we can see that stock still in a downtrend since March. On Friday for the first since August 2006 stock have closed below the 200 daily moving average with a strong volume, which mean a Bearish signal for stock. RSI shows a clear weakness in investor confidence, and MACD still below0. Stock very soon will probably visit 8.19 support area, according to the technical analyse based on the chart above.

Chart courtesy of stockcharts

Keep an eye on PKD shares next week for a possible breakout over 11.98$.

Chart courtesy of stockcharts

Keep an eye on AVT shares next week for a possible breakout over 43,71$.

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

Labels: AVT, BRCD, CMGI, PKD

10:37 | Permalink |

AC Investor Blog

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

Monday, October 10, 2011

Small Caps for Your Watch List

Thursday, April 14, 2011

Friday Stocks To Watch

Thursday, March 24, 2011

Hot Stocks for Friday

Saturday, March 19, 2011

Top Trade Ideas for the Week of March 21

Friday, February 25, 2011

Momentum Stocks for Next Week

Thursday, January 14, 2010

Stocks to watch on Thursday Jan 14

Friday, April 10, 2009

Stocks to watch next week - Aaron Rents, Parker Drilling and Rambus

Sunday, June 03, 2007

Trade Ideas for next week !!!

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