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Monday, June 16, 2014 

Stocks to Watch for June 17, 2014

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AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO) broke out in a big way today on massive volume. The heavy buying makes this an interesting situation and one worth watching on Tuesday. I believe we will see some nice follow through. I would look for a move up to $1.6 resistance tomorrow. If it passes that, there is very strong resistance at $1.96 coming up next.

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Twitter Inc (NYSE:TWTR) closed above the 50-day EMA for the first time since March and has confirmed my previous analysis. From here, we can expect a run up to the 40s and from there we could see an explosive upsurge to $47 and better. Stay tuned.

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Analog Devices, Inc. (NASDAQ:ADI) looks to be forming a bullish flag here. Buy point is on the day it breaks 56.18 on heavy volume.

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Potash Corp./Saskatchewan (NYSE:POT) has formed a strong bullish candle on daily chart. Keep a close eye on this one tomorrow, looks ready to break out into new high territory.

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Tesla Motors Inc (NASDAQ:TSLA) had a very bullish move today breaking several resistance lines with large volume. With the MACD turning up and above its signal line, this stock could post a nice rally from current levels.

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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22:35 | |

Tuesday, September 01, 2009 

Stock Market Ideas for Wednesday - Potash , The Mosaic Company and RF Micro Devices

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

POT has good support at $85.74 ( 200-dma ). If it falls below this level, then it can possibly go down to $75 area. Looking at the daily chart, the MACD continues below its signal line, showing a clear evidence of a Bearish trend. Short term momentum indicators, such as RSI and Stochastics are substantially oversold but have not yet showed technical signs of a recovery.

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

RFMD - The stock closed fractionaly above the major support at $4.47, but any close below this level could have further negative implications for the stock, and a move to $4 cannot be ruled. It is better to stay at the sideline and see how the stock react for the next few days as the stock has approached the pressure line of 50 day moving average and also is coming back to test support at the previous breakout area. Keep a close eye on RFMD for the next few trading sessions.


MOS - From a technical standpoint, I still think the stock will fill the gap and trade back into 45 area. The technical indicators continue to show signs of weakness.

Other Stocks to Watch :

ArcSight Inc. - ARST ( Record Price Break Out )
America's Car-Mart, Inc. - CRMT ( Record Price Break Out )
Cell Therapeutics, Inc. - CTIC ( broke down the 50 day moving average )
Fulton Financial Corp. - FULT ( Recent Insider Buying )
Valley National Bancorp - VLY ( Recent Insider Buying )
Rock of Ages Corp. - ROAC ( Recent Insider Buying )
Unifi Inc. - UFI ( Recent Insider Buying )
Trailer Bridge Inc. - TRBR ( Recent Insider Buying )
Old Point Financial Corporation - OPOF ( Recent Insider Buying )

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...
Cheers!

AC

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19:16 | |

Friday, July 17, 2009 

Stocks to watch next week - TD Ameritrade Holding , Potash and Tractor Supply

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

POT - The stock is holding above the 13-day moving average at $90.38. Short-term investors can hold the stock as long as it trades above this support. Any close below this level would indicate that the recent rally may be near the end. Technically, the stock could go either way and my bias is to the upside, but I do not have enough conviction yet based on this setup.

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

TSCO - After a long up leg that brought prices from the June low of $36.74 to Friday highs of $47.98, the stock has gained nearly 33 percent. This is generally a hot buy from a technical perspective, however at this point the stock is too extended for additional positions, and is now in the overbought zone. I really like the chart but at this level I would wait for a pull back before putting any cash to work. Near term support is at the rising trend line from 43 to 47.98, only fall below the trend line support will take price back to test 45 level.

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

AMTD - The medium-term trend is up. The immediate target is 19.34, which was achieved on the past month. Despite the recent rally on the markets, the stock just registered an upside of 5 percent from the previous week's close. For people who is out, the buy point will be on the day it blows through $18.03 on heavy volume. The uptrend continuation scenario remains more likely at the moment, however a stop-loss at is necessary at $16.45. The technical indicators show the stock is back to rally again as K line is above D line with MACD also back above signal line.

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 and enjoyable weekend !!

AC

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22:14 | |

Wednesday, June 17, 2009 

Bearish stocks to watch tomorrow - Potash and Mosaic Company

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

The stock broke down its support today on increased volume and selling pressure making this stock appear that it could easily be sent down to its next support around $90. Looking at the technical chart, the stock looks extremely weak as MACD and KD is pointing downwards. If it breaks down the strong support at $90, there is a chance to move down to the $80 area. The short-term outlook for the stock is bearish.

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

I recommend a sell in MOS from a short perspective. It is clearly visible from the chart above that the stock has been moving sideways since last month in a range between $58 and $50 and today broke the channel. I expect the stock to decline to $44 level in the short-term. All the technical indicators are pointing towards a downfall. Investors with a short-term perspective can sell the stock with stop-loss at $48.17.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's all Folks. See you tomorrow !!!

AC

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22:10 | |

Wednesday, December 31, 2008 

Stock Picks and Trade Ideas for Wednesday - POT , SJI, VLO, CLF

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

CLF - The stock is facing a period of sideways action while it consolidates the gains booked in the past weeks. The stock will face short to medium term resistance at 30. Once this level is crossed with good volumes, the stock can go to 37.55.

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

VLO - The stock closed again above the moving averages and is registering a Bullish signal. Let’s see whether the stock can gather enough momentum to break through 21.92. If the Bulls are able to push through this level, there will be another rally towards 23.61.

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

SJI has a Bullish looking stock chart, price broke out from the horizontal resistance mark around 38.68 share Tuesday on a respectable volume. The stock is displaying upside momentum and is poised to move higher from these levels.

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

POT - The latest chart and sentiment surrounding Potash Corp. shares appear to be hesitant due to the incredible performance of the stock recently. Investors should look for flat trading in the near-term with a possibility of testing lower prices before moving higher. A close below 69.73 ( 50 dma ) could be a bad sign for stock.

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.

AC

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02:17 | |

Friday, July 04, 2008 

Stock Picks and Trade Ideas for Next week - PCLN, POT, MOS, RFMD, MRVL

Chart courtesy of stockcharts ( click to enlarge )

The stock is pulling back after recent strong move up. If it does not catch support here on its 20 day moving average, look for support at the $16. The technical daily chart above shows that MACD fast line has fallen below slow line which could mean that this stock is losing momentum. Overall still bullish, but negative momentum is on the rise. Stay tuned on Marvell Technology group.

Chart courtesy of stockcharts ( click to enlarge )

RFMD - The short term rally ended in June when the uptrend failed to break resistance at $4.27. Since then RF Micro Devices has been losing ground and has lost more than 30% or $1.27 in the last one month since June 9, 2008. Expect the short-term downtrend to test support at $2.70. Given the current economic climate, this scenario is likely. If RFMD breaks this support, the bottom could be around $2.52. The initial target of the short-term downtrend is support at $2.7.

Chart courtesy of stockcharts ( click to enlarge )

MOS - Depending on how you draw the uptrend the recent plunge to $130 appears to have broken the uptrend line, but as the margin of the break is very small according to this chart, we need to wait for a clear confirmation with heavy volume. When this loosely drawn uptrend is broken expect a move to $110 level and eventually $98.65. Good luck to those who think this is a buying opportunity based on the patterns from October to June 2008.

Chart courtesy of stockcharts ( click to enlarge )

POT is holding above the 50 day moving average, closing just under that level Friday. Any close below $209.11 in my view turns this stock medium term bearish. In addition, MACD is very week, heading for zero with falling rally, downside pressure could intensify at any time. So a close below $209.11 would be our next important signal to watch for.

Chart courtesy of stockcharts ( click to enlarge )

PCLN - Looking at the daily chart, it shows that the 3-month uptrend line was broken recently with heavy volume on this break, which confirmed the validity of the sell signal. There was a recovery, which attempted to retest the trend line, but this move failed and prices headed back down to near the major support at $105. From a technical point of view, the stock is now in a very strong downward momentum trading below the 50 day and 200 day moving averages. MACD and KD als shows the stock is currently in a bearish market.

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. See you Monday !!! Enjoy your weekend !!!

AC

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22:02 | |

Wednesday, June 25, 2008 

Stock Picks and Trade Ideas for Thursday - PMCS, CSIQ, LDK, MOS, POT

Chart courtesy of stockcharts ( click to enlarge )

POT broke double top support with a high volume decline in mid June. Broken support turned into resistance around $215. The pattern looks good but any move below the support opens the door to the mid 200s . It is better to stay at the sideline and see how the stock react for the next few days as the stock has approached the pressure line of 20 day moving average and also is coming back to test support at the previous breakout area.

Chart courtesy of stockcharts ( click to enlarge )

MOS surged to trendline resistance with a good volume and a break above $148 would be quite bullish. Tomorrow let's kep an eye on her.

Chart courtesy of stockcharts ( click to enlarge )

LDK broke falling price channel resistance yesterday and continues to work its way higher. From the technical chart both MACD and KD are showing bullish sign as MACD is rising near 0 while KD is crossing up. The stock might test $47 level in the short term if it is able to sustain above $42.

Chart courtesy of stockcharts ( click to enlarge )

CSIQ - The stock is pulling back after recent strong move up. If it does not catch support here ( between $42.50 and $43 ), look for support at the 20 DMA at 41.79.

Chart courtesy of stockcharts ( click to enlarge )

PMCS - This stock has support at $8.50 and $8.24 levels. Currently trading at its 20 DMA, if the stock is able to find support at its 20 DMA and moves above 8.99 then it might go to $9.15. Keep an eye on it for a possible breakout over $9.15.

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. See you tomorrow !!!

AC

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20:40 | |

Wednesday, June 11, 2008 

Stock Picks and Trade Ideas for Thursday - T , FSLR, MOS, POT

Chart courtesy of stockcharts ( click to enlarge )

POT - Early in the morning the stock broke resistance and made a new all time high, but had very little follow through. The stock ran up to $229.21 and pulled right back down to $223.10. Watch for a confirmation to enter long again.

Chart courtesy of stockcharts ( click to enlarge )

MOS closed at $149.63 above the previous top of $143.32 printed on April. Stock broke out to new highs confirmed by the volume above average. The daily chart of Mosaic suggests a strong confidence in stock, a clear uptrend momentum. Keep an eye on MOS this week, it's now in a Breakout mode.

Chart courtesy of stockcharts ( click to enlarge )

FSLR - The technical daily 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 psychological resistance line at $250. However the stock is still somewhat weak as MACD and signal line are still below 0. Buy point is when the stock moves above $261 on good volume.

Chart courtesy of stockcharts ( click to enlarge )

T - Analyst Thomas O Seitz of Lehman Brothers maintains his "overweight" rating on AT&T Inc, while reducing his estimates for the company. The target price has been reduced from $54 to $49. Looking at the daily chart, the stock continues to look bearish as MACD and stochastic daily time frame is still go downwards direction.

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 day !!!

AC

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21:08 | |

Friday, June 06, 2008 

Stock Picks and Trade Ideas for Friday - POT, AAPL, ESLR, GOOG

Chart courtesy of stockcharts ( click to enlarge )

GOOG - From the chart above, we can see that the stock has found a nice support around the $560 level. The stock is probably back to uptrend and with KD rising we could see possible rally coming for the stock. Let's keep an eye on her as i think momentum will pick up.

Chart courtesy of stockcharts ( click to enlarge )

After the recent fall, this stock looks like in accumulation phase. But looking ast the daily chart is difficult to judge as accumulation could take days or weeks. Futhermore, it is sitting near its 20 & 50 day moving averages, which suggest that if accumulation phase is judged correctly, then the risk is minimised to an extent. Support is now $9.61, which reflects Wednesday's low of the day.Next buy point is when the stock makes a move above the resistance at $10 on a close basis.

Chart courtesy of stockcharts ( click to enlarge )

AAPL is at a point where the stock is going to make a move. Whether this is an upside or down move, that has yet to be seen. If AAPL can break through May’s high of $192.24, the stock should make a strong upside move. If there is a breakout and the stock does not hold up, use your stops for this trade. AAPL is definitively a stock that will make a move.

Chart courtesy of stockcharts ( click to enlarge )

POT - The stock broke through the highs set in April, and should continue to move. I'm buyer of Potash once it breaks through today’s high of $219.25 for the continuation move.

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 day !!!

AC

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09:52 | |

Wednesday, June 04, 2008 

Stock Picks and Trade Ideas for Thursday - PBCT,VMW, POT , AMD

Chart courtesy of stockcharts ( click to enlarge )

On Wednesday Advanced Micro Devices launched a new fleet of semiconductors for laptops as part of a major shake up of its mobile line that it hopes will boost sales. The package of chips, known as Puma, brings together AMD's microprocessor prowess with the graphics expertise that AMD obtained through its controversial acquisition of ATI, allowing AMD to offer PC makers many of the key silicon ingredients for a modern notebook. The stock reacted positively to the news, ending 5.58 per cent higher compared to Tuesday. AMD had a very bullish move last week breaking several resistance lines with large volume. The stock went as high as $7.30 and may still continue to move probably reaching up to $8 in short term. The daily technical chart shows the stock is back to new rally as K line is on top of D line. In addition with stock back above 20-day moving average we should see more buyers coming back.

Chart courtesy of stockcharts ( click to enlarge )

POT broke falling wedge resistance and upside volume is outpacing downside volume. Keep an eye for a possible breakout over $216. Macd Fast line crossed above 0 macd slow line, above 0. Indicates start of a new uptrend.

Chart courtesy of stockcharts ( click to enlarge )

VMW - Still holding above breakout area. The stock rallied in early April and then consolidated, watch $72.40 up and $62.50 down.

Chart courtesy of stockcharts ( click to enlarge )

PBCT - The buy point is when price clears the 200-day moving average line and volume expands to take the stock higher. The daily technical chart above shows bullish sign as MACD is back above 0 and K line is on top over D line.

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 great day !!!

AC

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21:33 | |

Friday, May 23, 2008 

Stock Picks and Trade Ideas for Friday - POT ,MOS, STP, ESLR

Chart courtesy of stockcharts ( click to enlarge )

ESLR was one of the stronger stocks today. Evergreen Solar rises sharply on Thursday as the solar panel maker announced $1 billion in contracts after a challenging start-up of its new factory north of Boston.The news brought out bullish players in the options market, who bought June call options at a $12.50 strike price (that's out of the money), betting that the stock will continue to rise. Analysts expect Evergreen Solar to report about $122 million in revenue this year, $394 million in 2009 and $685 million in 2010, according to a survey of FactSet Research. The stock attempted a breakout today but pulled back with the markets in the afternoon. But looking closely at the volume on today session, I suspect that these contracts attracted a large number of investors, more than 47 million of shares were traded. The technical chart is showing that the stock is on a bounce back rally after it lost more than 50% of it value. RSI is turning up and is now at 60 level. Then the MACD indicator is rising above 0 also indicating a buy, and KD line still show the stock is on the positive swing. In my opinion, this stock has been undervalued relative to the sector, and I believe we're going to see a lot more of these large contracts globally for ESLR.

Additional note : S&P on Thursday reiterated its buy rating on Evergreen Solar. S&P said the move more than doubles Evergreen Solar's previous backlog of approximately $850 million. "We think this added scale will benefit Evergreen Solar and also provide needed diversity to its customer base," S&P said in a note to clients.

Chart courtesy of stockcharts ( click to enlarge )

STP - Suntech Power Holdings Co Ltd reported better then expected earnings, but failed to break its at $50.42 ( 200 day-moving average ). This would be a good opportunity to add position. A potential re-entry would be on take-out of high at $50. It looks well supported at $42.50 - the last swing target, which was taken out decisively early on Apr 08 and now serves as the support. The resistance now is at $51.75 which if taken out could lead to more gains. We need to see what happen to project the next swing target. Let's keep an eye on her.

Chart courtesy of stockcharts ( click to enlarge )

MOS has more resistance above then support below. I am watching to see if it breaks lower here ( 50-day moving average ) or if it will attempt to make a push to the $132 area again.

Chart courtesy of stockcharts ( click to enlarge )

POT - The stock is holding above the 20-day moving average at $196.48. Short-term investors can hold the stock as long as it trades above this support. Any close below $196 would indicate that this current rally may be near the end.

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 great day !!!

AC

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09:18 | |

Saturday, April 26, 2008 

Stock Picks and Trade Ideas for Next week - C, INTC, MOS, NVDA, POT, RFMD

Chart courtesy of stockcharts ( click to enlarge )

The area of previous resistance of MOS around $120 has become support. If the support holds, then it signals an intermediate to short term trend change. In this case it quickly rise away from support, but if support is broken, then expects a move to $113. From the chart above, the stock shows positive sign as 50 day moving average is on top of 200 day moving average with stock trading above both moving averages. MACD also show bullish signal as MACD is above signal line. However KD are somehow weak as K line is below D line. So, if you're long on this stock, hold with a stop-loss at $122.61, on the other hand the buy point would be when the price breaks $138.53 on heavy volume.

Chart courtesy of stockcharts ( click to enlarge )

POT has been a very solid performer over this year. The technical chart shows mix signal with MACD above the sell line showing strength on the buyer side while KD show weakness with K line below D line. Any move over $215.97 will probably lead to new highs.

Chart courtesy of stockcharts ( click to enlarge )

RFMD - As most support and resistance levels tend to get weaker with every test, the stock finally broke through $3.03 a few days ago, on the second highest volume day of the year. The technical chart shows this is a great time to buy as the stock is now on a uptrend with MACD back above 0 and KD line rising. Keep in mind that this stock has been consolidating for a very long time and should have enough fuel for a Big rally. The short-term target for the stock is $3.50.

Chart courtesy of stockcharts ( click to enlarge )

NVDA - Currently building base for the next up move. The stock closed again over its 50-day moving average. NVDA looks like it is about to breakout if it can clear the horizontal line at $21.

Chart courtesy of stockcharts ( click to enlarge )

INTC looks Bullish to me. This stock is making a gradual move upwards since January lows. The short-term outlook for this stock is also positive as it is consolidating above its 20-day and 50-day moving averages. The short-term targets for the stock are $23.02 and then $23.67. Short-term investors can buy with a stop at $21.85 and long-term investors can hold with a stop at $21.16.

Chart courtesy of stockcharts ( click to enlarge )

C - Looking at the daily chart above, it shows very strong upward momentum as the stock is above the 50 day moving average with both 20 day and 50 day moving average going up. In addition KD and MACD also show very bullish sign. From the chart, looks like the next major resistance is at $27.

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

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09:22 | |

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  • I'm a 44 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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