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Friday, July 26, 2013 

Stocks to Watch for July 29, 2013

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Groupon Inc (NASDAQ:GRPN) A breakout above the 9.43 resistance level would lead to an initial target in the 10 area, its high from June 2012 and then to levels not seen since mid-2012. Daily technical indicators are bullish. The technical indicator MACD is below its signal line but in positive territory. The RSI has moved above its 65% level and A/D line is on the rise. Additionally, the 50-day EMA has crossed above the 200-day EMA lately (Golden cross) and the stock is trading above all three EMAs. Long setup. Stop 8

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Lions Gate Entertainment Corp. (NYSE:LGF) is poised to break out of a consolidation pattern. Watch for a break above $33.35 with power.

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Uranium Resources, Inc. (NASDAQ:URRE) successfully close above its 200-day exp moving average on very impressive money volume. This is a very bullish development. Short-term technical indicators are strong. If the stock can break today’s high of $4.31, we should see a strong follow through move.

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BioMarin Pharmaceutical Inc.(NASDAQ:BMRN) is moving sideways in a narrow range with a slight bias to the upside. A break out on either side of this range will decide the stock direction.

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QLogic Corporation (NASDAQ:QLGC) on watch for a clear of resistance...struggling to breakout. Note: Bearish MACD crossover.

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Questcor Pharmaceuticals Inc (NASDAQ:QCOR) had another very productive day as we saw gains of over 4%. The stock hit a high of $50.61, which is resistance for the follow through move. The medium-term trend is bullish as the stock is above 20/50/200-day exp moving averages with all moving averages going up. You should watch this stock closely on Monday.

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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22:19 | |

Saturday, May 11, 2013 

Stocks to Watch for May 13, 2013

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J.C. Penney Company, Inc. (NYSE:JCP) has recovered nicely from its April lows and can potentially set-up very well for a swing-trade, if the stock breaks through the resistance level at $17.78. There could be good upside in this trade, so watch this stock closely next week.

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Eagle Materials, Inc. (NYSE:EXP) is a candidate to be traded in breakout mode. The technical indicators are looking Bullish with MACD indicator rising above its sell signal line and RSI indicator moving up from the 50% level. Breakout watch above 72.19

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Zagg Inc (NASDAQ:ZAGG) is one for the bottom pickers. The stock entered within the gap area and a short term rally is expected. The RSI is bouncing off 30 and the Chaikin Money Flow is positive showing money is flowing into the stock. A reversal may be on the way.

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Friday was an amazing day for K12 Inc. (NYSE:LRN). With a combination of strong volume and a huge breakout, this pick truly was a great find :) The stock hit a high of $27.75, which is now resistance for Monday’s continuation move.
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 Another possible bottom play to put on your watchlist is Central European Media Enterprises Ltd. (NASDAQ:CETV). The stock made a nice move on Friday bouncing off a bottom support around $2.60 cents. Looking at the technical chart, there are early signs in the indicators, that a larger move may be coming. Stop loss 2.58
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Apple Inc. (NASDAQ:AAPL) took a breather last week and traded between 450 and 463. The sideward movement is really good for a flag formation. Daily technical indicators are giving bullish signals. The MACD is rising above its signal line and inside positive territory. RSI is moving above its 50% level and CMF is positive. A pullback is healthy here. Support is currently at 438.74, resistance at 463 and 466.86.
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Research In Motion Ltd (NASDAQ:BBRY) The bears and the bulls are in a constant battle as most of the trading days last week were marked by positive/negative news. From a technical perspective, short-term technical indicators are strong and the RSI on the daily chart recently produced a new buy signal. Additionally, the stock is trading above 50-day and 200-day EMAs with both pointing upwards  If the stock can break Friday’s high of $15.68, we should see a strong follow through move. The short interest hit a new high last month and was around 34% of the float, which makes this stock the perfect play for a short squeeze. 

List of High Short Interest Stocks

BTH - Blyth, Inc.                              5.60 M   Short Percent of Float 81.75%
ESI - ITT Educational Services, Inc.   8.75 M   Short Percent of Float 59.87%
QCOR - Questcor Pharmaceuticals   27.1 M   Short Percent of Float 55.72%
USNA - USANA Health Sciences,     3,53 M   Short Percent of Float 53.87%
UNXL - Uni-Pixel Inc                         4.11 M   Short Percent of Float 52.31%
CSTR - Coinstar Inc                         12.4 M   Short Percent of Float 49.31%
WWAV - WhiteWave Foods Co         11.2 M   Short Percent of Float 49.06%
VRA - Vera Bradley, Inc.                   9.58 M   Short Percent of Float 44.25%
CALL - magicJack VocalTec Ltd        4.61 M   Short Percent of Float 43.23%
BRLI - Bio-Reference Laboratories     10.1 M   Short Percent of Float 41.24%
SODA - Sodastream International      6.99 M   Short Percent of Float 40.30%
GEVO - Gevo, Inc.                           8.31 M   Short Percent of Float 40.29%
AFFY - Affymax, Inc.                       12.92M   Short Percent of Float 39.51%
TSLA - Tesla Motors Inc                   27.5 M   Short Percent of Float 38.02%
VHC - VirnetX Holding Corporation     15.6 M   Short Percent of Float 36.98%
FIO - Fusion-IO, Inc.                       26.05 M   Short Percent of Float 30.18%


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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19:09 | |

Tuesday, June 12, 2012 

Stock Trade Ideas for Wednesday, June 13th


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Questcor Pharmaceuticals, Inc. (NASDAQ:QCOR) Broke out today on good volume. No resistances above.  If you are on board, there is nothing more to do but enjoy the ride. 

A quick look at the technical chart :

1) QCOR is currently moving up with heavy volume
2) MACD lines are going up
3) RSI still above the neutral 50 level at 74, buyers strength still persists.
4) Money Flow Index still climbing.
5) The +DI crossed up through the -DI this month, Bullish
6) OBV still climbing.
7) The accumulation/distribution indicator shows the stock is under accumulation


So, keep QCOR on your radar!


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Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) continues to perform strongly and appears poised to test the $8 level. I took profits today, sold my shares at 7.60 with a 12% gain, will get back in later. These gains are really significant and represent substantial profit for not only me but also for my twitter followers and subscribers who took advantage of my alert early.

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JPMorgan Chase & Co. (NYSE:JPM) made a strong upside reversal today. The technical chart is displaying a screaming buy divergence on the upside. Expect an initial run up to $34.5 with a break higher moving to the 36 zone.

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I'm looking to see Trina Solar Limited (NYSE:TSL) stock re-test its May highs shortly. The MACD is increasing and the stock price has regained its position above the 50-day MA. The nearest trend is in favour of Bulls and TSL has room to go higher. If the stock can break through $7, we should see strong volume drive the stock higher. Also watch out for other resistance levels at $7.79 which is the 200-day moving average.

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FormFactor, Inc. (NASDAQ:FORM) Uptrend line intact and holding. Keep on watch list poised to clear back above 50-day and 200-day moving averages. Over 5.77, next stop 5.83 then the run to $6.20.

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It looks like Feihe International (NYSE:ADY) stock is starting to turn back up and indicators are giving the first bullish signs. The daily MACD is near to giving a new buy signal and the Histogram is near to zero line. The stock needs to take out resistance at the 5 area and its 50-day MA to continue higher. Keeping it on the list.

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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22:16 | |

Tuesday, June 01, 2010 

Stock picks for Wednesday June 2

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CCE - On the daily chart there is a bearish flag in progress, which could become active on a break below $25.80. We can also see that RSI is below 50 and on a downward track, and so too is Stochastic. Fresh exposures may be avoided for the moment.

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The stock broke out to new 52-week highs on Tuesday, as the stock closed up $.53 on the day. QCOR broke out on heavy volume, which tells me that there is a lot of buying. I'll watch the stock again on Wednesday for the follow through move. Resistance is $10.39, which reflects Tuesday’s high of the day. Keep watching QCOR for another upside move.

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ERTS should find support around the $15.85 area. I'll be watching how it acts around this mid-term support area. The short-term technical indicators also give a bearish view for ERTS. All short-term indicators are in downward path.

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

TSO - Tesoro Corp
KGC - KINROSS GOLD CORP
FDO - FAMILY DOLLAR STORE
NFX - NEWFIELD EXPLORATION
GRMN - Garmin Ltd
EDMC - Education Management
RNOW - RIGHTNOW TECHNOLOGIES
TLCR - Talecris Biotherapeutics
GGN - Gabelli Global Gold
KALU - Kaiser Aluminum Corp
WHX - Whiting USA Trust I
XTEX - Crosstex Energy LP
SJT - San Juan Basin Royalty

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

MSFT - Microsoft Corporation
JNJ - JOHNSON & JOHNSON
HSY - Hershey Corp
GIS - GENERAL MILLS INCORPORATION
BKC - BURGER KING HOLDING...
EW - EDWARDS LIFESCIENCE
BCE - B C E INC
SIG - Signet Jewelers
PEI - PENNSYLVANIA R E I T
GIL - GILDAN ACTIVEWEAR INC
LCAPA - LIBERTY MED CP A
HRL - HORMEL FOODS CORP
HWD - Aber Diamond Corpor
HMIN - Home Inns & Hotels
VOLC - VOLCANO CORPORATION
TGA - Transglobal Energy
BGS - B&G Foods Inc
PPR - Pilgrim Prime Rate
MLNX - MELLANOX TECHNOLOGIE
KAR - KAR Auction Service
VTA - Van Kampen Dynamic

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.

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

AC

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22:21 | |

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  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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