AC Investor Blog

Stocks to Watch for April 16, 2014

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Alcoa Inc (NYSE:AA) needs to take out $13.18. The break of the key resistance line with heavy volume should be the next buy point. Daily technical indicators are bullish. The MACD is rising above its signal line in positive territory. The RSI has moved above its 60% level and the A/D line remains in a long-term up trend. Long setup.

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Schlumberger Limited. (NYSE:SLB) made a 52-week high but gave back some gains. If the stock can break today’s high of $100.5, we should see a follow through move. The technical chart shows SLB is on a bull market as the stock is trading above 50-day and 200-day EMAs.

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Marathon Oil Corporation (NYSE:MRO) is at a key resistance. If the stock moves above 36 it could rise till 36.74-37.10. Technical indicators are in bullish zones.

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Rare Element Resources Ltd (NYSEMKT:REE) broke down today under support at $1.40 on strong volume. First support is now located at 1.23 with stronger support down at 1.10. Technical indicators signal a negative momentum for the stock. Short setup.

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: AA, MRO, REE, SLB

22:33 | Permalink |

Stocks to Watch for March 03, 2014

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Arotech Corporation (NASDAQ:ARTX) was one of my stock picks for Friday, delivered nice gains for traders on over 3M shares traded. The stock opened at $3.10 and hit a high in the afternoon of $3.54 representing gains of over 15% from the previous close. The stock price also had some nice swings. Congratulations to all those who profited from Friday’s alert. Need I say more about this technical chart ?

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Gulf Resources, Inc. (NASDAQ:GURE) The technical chart for Gevo, Inc. (NASDAQ:GEVO) looks positive and poised for a potential breakout. With the spike in volume in the last sessions and momentum surging, in my opinion there is a high possibility that the stock price can appreciate even more during the coming sessions, especially if resistance ( 2.70 ) proves to be as light as indicators suggest. Put the symbol on your radar.

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Gevo, Inc. (NASDAQ:GEVO) Friday's pullback could present a buying opportunity for those traders who are considering building a position for a possible breakout. I think the stock may resume its uptrend next week after this correction, as the pullback was with low volumes. Furthermore, some indicators are showing positive divergences and with the recent increasing volume, this is a clear indication of money moving into the stock.

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Goldman Sachs Group Inc (NYSE:GS) closed above its 50-day EMA for the first time since January on solid volume. With the RSI above 50 showing buying signal and MACD heading into positive territory, I believe that the positive sentiment currently in the stock could be additional reason for investors to look for higher prices and confirmation of an upward trend reversal. Next resistances are in the 170 area.

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XG Technology Inc (NASDAQ:XGTI) Setup for continuation of upward bounce The MACD indicator is curling up and looks primed to cross its signal line next week. Histogram bars have also been decreasing and heading towards the zero line. One more positive note is A/D that has started to turn up, showing that money is starting to move back into the stock. With the stock witnessing increased volume and technical indicators suggesting a further move, XGTI could have more room to increase.

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Bank of America Corp (NYSE:BAC) There is a potential falling wedge on daily and a break above 16.65 would look bullish. The stock has been consolidating around 16.50 over the past week and could edge higher in the coming sessions. Volume has started picking up with the increase in price, but i want to see more in the coming sessions. Keep an eye on this one.

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Rare Element Resources Ltd (NYSEMKT:REE) the stock faces light resistance here and has potential to move higher. Money flow has been strong over the past trading sessions, which could support higher prices.

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HCP, Inc. (NYSE:HCP) Could be a high flyer on breakout, look for break above $40 to enter longs. Bullish MACD cross on daily.

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: ARTX, BAC, GEVO, GS, GURE, HCP, REE, XGTI

09:00 | Permalink |

Stocks to Watch for February 24, 2014

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InterOil Corporation (NYSE:IOC) after consolidating during the past weeks the stock witnessed fresh buying on last Friday, closing the day with a gain of 3.21% with high volumes and above its 50-day EMA for the first time since December 2013. The price action appears positive and based on chart above may move up to 60/60.51 on volume trading next week. Strong support for the stock exists at 55.42

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Codexis, Inc. (NASDAQ:CDXS) did not break out from the flag formation last week. Instead the stock consolidated further. The stock is now near the apex of the triangle and there is a higher possibility it may break out from that in coming week. Breakout point is now 1.96 and target price is 2.41.

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Acasti Pharma Inc (NASDAQ:ACST) is a stock that has been basing for a while here and technically is due for a break out. Looking at the chart above we can see a strong support and buyers coming in around 1.2-1.25 area. At present levels the stock is undervalued IMHO. We have witnessed a dry up in volume as its basing, which could mean that traders are slowly waking up to this fact. The stock's 12-month high of $4.20 is also a huge catalyst for an amazing bounce.

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Rare Element Resources Ltd (NYSEMKT:REE) Large volume last week. This is a candidate for a breakout. The MACD indicator is rising in positive territory and is above the signal line, supporting the bullish scenario. 1.70 is the pivot level to watch.

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Rambus Inc. (NASDAQ:RMBS) made a very bullish move last week breaking several key resistances with moderate volumes. At this point the stock remains bullish as price is above all EMA’s and MACD is starting to move above 0. Next buy point when clears 9.59 on volume.

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XOMA Corp (NASDAQ:XOMA) had a strong bullish candle in the last trading session with high volumes. The next key resistance lies at 8.99. If a breakout happens we can see a target of 11. So far, all technical indicators are in favor of an upward price movement. The MACD has generated a buy signal on Friday and is currently above the 0 line. All EMA’s are below the current price. Long setup.

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Thompson Creek Metals Company Inc (NYSE:TC) Big rally on volume Friday closing with a gain of 7.87% amid high volatility. Next buy point when clears this resistance area on volume.

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: ACST, CDXS, IOC, REE, RMBS, TC, XOMA

11:00 | Permalink |

Stocks to Watch for February 14, 2014

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STR Holdings, Inc. (NYSE:STRI) The technical chart is showing characteristics of an ascending triangle with resistance at 1.60. If the stock breaks out of the ascending triangle, target price is at $2. A good breakout volume would be above 1M shares traded. The MACD is now above zero which is a very bullish sign and RSI is half way to being overbought. The Accumulation/Distribution indicator is also showing a rising move, indicating a rising money flow into the stock. Long setup.

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Violin Memory Inc (NYSE:VMEM) broke out and closed above the resistance level of $4 on heavy volume and I'm looking for a continuation move on Friday. I believe that shares have room for a significant uptick beyond these levels. From a technical standpoint the stock is setup to move higher and could break the $4.37 in the sessions ahead, something that could attract more traders to jump in and push shares even higher. Price has now crossed the 50-day exp moving average to the upside, another buy signal and an indication that the stock may have finally reached its bottom. RSI is also moving up. Keep your eyes on VMEM tomorrow.

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The short-term bullish momentum of Rare Element Resources Ltd (NYSEMKT:REE) continued on Thursday. The stock has recovered nicely and can potentially set-up very well for a swing-trade if the stock breaks through the resistance level at $1.65. Technical indicators are becoming more favorable with MACD and RSI moving up. There could be good upside in this trade, so watch REE tomorrow.

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Delcath Systems, Inc. (NASDAQ:DCTH) Good base building around 0.30-0.31. The stock closed up on high volume a sign that investors are still buying the stock. The technical chart is also showing bullish signs. The RSI is in the positive territory and has more room to rise before it reaches overbought territory. +DI is also above –DI, it indicates a continuation of the recent up trend. If the stock breaks 0.332 resistance level then, chances will probably be high for the stock price to retest its previous high at 0.39

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Oclaro, Inc. (NASDAQ:OCLR) Technical daily chart is looking very good. I would encourage investors to monitor this stock for few trading days because the stock has buying volume and all the technical indicators are pointing to a major breakout. Stay tuned.

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NPS Pharmaceuticals, Inc. (NASDAQ:NPSP) This still looks pretty good on the daily chart with volume expanding as it moves higher. Keep an eye for a possible breakout over 38.74

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: DCTH, NPSP, OCLR, REE, STRI, VMEM

22:35 | Permalink |

Stocks to Watch for December 03, 2013

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Sify Technologies Limited (NASDAQ:SIFY) had a significant bullish momentum today closing above its 200-day exponential moving average, which is very bullish. The stock is again setting up for a potential swing trade. From a technical perspective the MACD and stochastic oscillator have turned up and RSI is again moving upward. Next resistance is located at $2.36

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Gogo Inc (NASDAQ:GOGO) hit a new high and continues to draw strong interest from investors. If the stock can break today’s high of $31.65, we should see a strong follow through move. The stock will move very quickly, so keep a very close eye on the stock. As long as the stock stay above $26, the bullish scenario still intact.

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Rare Element Resources Ltd (NYSEMKT:REE) made a strong upside reversal on Monday, printing a nice bullish engulfing candle on strong volume. The technical chart above suggests that stock might find now resistance at $2.

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BlackBerry Ltd (NASDAQ:BBRY) appears to be in the process of bottoming and I expect a pop above 6.59 (20EMA) at some point this week.

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LSI Corp (NASDAQ:LSI) keeps holding the major support nicely. Watching for a close above $8.20

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, GOGO, LSI, REE, SIFY

22:19 | Permalink |

Stocks to Watch for September 16, 2013

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NRG Energy Inc (NYSE:NRG) gave a breakout from a symmetrical triangle pattern last week. Considering the triangle formed, the target price is around 29. The volume on the break out is really good that comparing the daily volume, it has surpassed the average volume of around 1M shares traded. It's a signal that the momentum is starting to pickup again.

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Apple Inc. (NASDAQ:AAPL) The stock's chart still does not look good for now. AAPL closed the week below its major EMA's in the 469 area. It has been in a short-term correction since making a high of $513.74 on August 17. The stock needs to rally past 487 to turn the short-term bias to positive. If that doesn't happen, there can be a slide to 450 or 430.

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Kirby Corporation (NYSE:KEX) had a nice bullish run last week. Chart looks bullish and a break of the 87 level could prompt a pretty quick run towards 88.48 (52-week high).

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Rare Element Resources Ltd (NYSEMKT:REE) produced a strong bullish breakout with Friday's 5.96% gain. The stock broke out from a large ascending triangle pattern with volume and closed above its recent highs. Looking at the MACD, we can see that we are in bullish territory, so in my opinion, I think this rally may very well continue for the coming week.

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Quest Rare Minerals Ltd Common Shares (NYSEMKT:QRM) opened strong at 63 cents and rallied to a day high of 70 cents. This strong move was sufficient to deliver net realizable intra-day gains of up to 15%. Congratulations to all of you that profited on this stock alert that I put out on Thursday night. Chart still looks good.

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The price of Google Inc (NASDAQ:GOOG) has recovered nicely since the low of 845.56 made on August 29. The stock price is currently in a short-term uptrend. There is a possibility of a breakout to 900 or 910 in the mediumt-term. Short-term investors can hold this stock with a stop-loss at 878.52.

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The short-term outlook for Youku Tudou Inc (NYSE:YOKU) looks promising from a technical point of view. The stock had a nice breakout on Friday with a pop of $2.20 to 26.83 or 8.93% on 11 million shares, the biggest volume in the last 5 weeks. Look for a follow-through next week.

Just a last note..... Many thanks for helping AC Investor Blog surpass the 3000 Followers mark on Stocktwits ! I'm going to try to get 5.000 followers on Twitter this weekend....maybe you guys can help me to achieve my goal... It's great to see that the number of followers are increasing day by day, which hopefully means that some people enjoy my daily stock tips. THANK YOU !!

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, GOOG, KEX, NRG, QRM, REE, YOKU

11:25 | Permalink |

Stocks to Watch for September 13, 2013

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Quest Rare Minerals Ltd Common Shares (NYSEMKT:QRM) is gaining some momentum again. QRM's stock has just touched the bottom of this rising channel and rebounced from there on volume above average. Judging from past weeks, every time the stock touches the lower line of channel, it bounces back to the upper line. The technical daily chart shows that MACD is about to cross its signal line, while the RSI is also gaining strength. We could see a 25-35% possible bounce up to $.80 - $.85 a share (upper line of the channel). The company has a book value of about $1.20 a share, no debt and 8M in cash.

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Rare Element Resources Ltd (NYSEMKT:REE) has a large upward potential, based on this ascending triangle formation and is currently near the apex. If the stock breaks the triangle higher over 2.45 then there is resistance at 2.57, followed by 2.85 and then 3.5.

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VirnetX Holding Corporation (NYSEMKT:VHC) The 50-day EMA on daily is still acting as support. It needs to hold this level or it will see a correction. Long positions can be considered only when it crosses the 21.15 area with a stop loss at 19. Watch to see what it does here.

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Nokia Corporation (NYSE:NOK) made a new 52 week high today closing at $6.36 on heavy volume. The stock hit a high of $6.47, which is now resistance for Friday’s continuation move. If the stock can break through resistance, we should see another strong upside move. NOK will move very quickly, so watch the stock closely on Friday.

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Pandora Media Inc (NYSE:P) continues to show strength as the rise in strong volume confirms the price uptick. This stock is clearly in an impulsive wave upwards. If you are on board, there's nothing more to do than enjoy this rally.

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Vipshop Holdings Ltd (NYSE:VIPS) broke above previous high but failed to close above it. Therefore, the near-term trend is still up.

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: NOK, P, QRM, REE, VHC, VIPS

22:56 | Permalink |

Stocks to watch on Wednesday

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I continue to watch Rare Element Res Ltd (AMEX:REE). The volume is still large so it could potentially break out again at any moment. Further rally could be seen to retest $17.89 medium-term resistance. As long as the stock stay above $14.96 area, the bullish scenario is still intact. Technical chart shows bullish sign with MACD above the signal line and RSI above its 50% level. Next targets for the stock are $16.10 and $17.10. Only a close below $14.70 reverses the current short-term uptrend.

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VMware, Inc. (NYSE:VMW) continues to hang in there after breaking up through $82.50 on Friday. Excellent strength relative to broad market. The stock has been strong buy volume the past two sessions. I would be a buyer of the stock if it breaks $87.82.

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Novatel Wireless, Inc. (NASDAQ:NVTL) - Steep downtrend and trying to bottom. Look for a move above $5.25 to get involved on long side. If not, stop out below $5. The volume has been very light but it is still a bearish signal.

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Rambus Inc. (NASDAQ:RMBS) continues to trade in a tight range between $19.29-$19.75. The near-term outlook would depend on the price movement in the next few days. A close above $19.75 would impart bullishness and would help the stock move to the $20-$20.62 band. A drop below $19.29 would have negative implications that would push the stock down to the $19.07-$18.82 range. Fresh exposures may be considered once the stock stabilises and gets into an upward trending mode.

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
AWYI - Ariel Way, Inc.
PPL - PPL CORPORATION
GSRE - Green Star Energies Inc.
BYOC - Reel Estate Services
ELTP - Elite Pharmaceutical
DDAIF - Daimler
INVE - Identive Group
CIE - Cobalt International
SIVC - S3 Investment Company, Inc.
EXTO - Exit Only Inc.
ORMT - Ormet Corporation
LEXG - LITHIUM EXPLORATION
TECO - TECO Energy, Inc.
VSHC - VisualMED Clinical Systems Corp.
KBLB - Kraig Biocraft Laboratories
DPBE - Deep Blue Marine, Inc.
EXTR - Extreme Networks, Inc
ADVR - Advanced Viral Research Corp.
SB - SAFE BULKERS INC
OPYGY - Open Joint Stock Company Polyus Gold
CXMSF - Cemex Sa Da Cv Cpo
SWDBY - Swedbank AB
FORC - Force Energy Corp
SNSR - GlobeTel Communication
ASYI - Wolf Resources Inc
TOPZ - Kid's Germ Defense
CPYE - Conspiracy Ent
MCRL - Micrel, Incorporated
KITD - ROO Group Inc
SETS - Sustainabl Envir
GIL - GILDAN ACTIVEWEAR INC
SKH - Skilled Healthcare
IDIX - Idenix Pharm
VOLVY - A B Volvo
PVSP - eLEC Communications
LFVN - Lifeline Therapeutics
TKPPY - TECHNIP
DSCO - Discovery Laboratories
ESYL - ALGODYNE ETHANOL ENE
EESV - Environmental Energy Services, Inc.
DRRX - Durect Corp
BASFY - Basf Se
TUWOY - Tullow Oil PLC
YNGFF - Yukon-Nevada Gold Corp
SNPY - Sino Payments Inc
SSEZY - Scottish and Southern Energy plc
CGV - CGG Veritas
TSTY - TASTY BAKING CO
XPL - SOLITARIO RESOURCES
JCOF - Javalution Coffee Company
FANUY - Fanuc Ltd
CGCO - Commerce Group Corp
OSTK - Overstock.com, Inc.
MITD - MIT Holding Inc
SYMD - Life Medical Sciences
GBTO - CARIBBEAN VILLA CATE
ISCO - International Stem
BERX - BERING EXPLORATION
PHUN - PETROHUNTER ENERGY
IGNT - Ingen Technologies, Inc.
ARWD - CNE Group Inc
MNDO - MIND C.T.I. Ltd.
CEMI - TRADING SOLUTIONS.C
SPMI - SPEEDEMISSIONS INC
WH - WSP Holdings Ltd

Earnings Announcements for Wednesday

ADTRAN Inc - ADTN
Ameris Bancorp - ABCB
Bank Of The Ozarks Inc - OZRK
Century BanCorp Inc - CNBKA
Citizens And Northern Corp - CZNC
Clark Holdings Inc - GLA
Commonwealth Bankshares Inc (Virginia) - CWBS
DGSE Companies Inc - DGSE
First Bancshares Inc - FBMS
First California Financial Group Inc - FCAL
Healthcare Services Group Inc - HCSG
Hooker Furniture Corp - HOFT
iGate Corp - IGTE
Jewett Cameron Trading Company Ltd - JCTCF
JPMorgan Chase & Co - JPM
Lakeland Bancorp Inc - LBAI
Lentuo International Inc - LAS
MFRI Inc - MFRI
Northern Technologies International Corp - NTIC
Pacific Continental Corp - PCBK
Reachlocal Inc - RLOC
Star Buffet Inc - STRZ
Stewardship Financial Corp - SSFN
Superior Bancorp - SUPR
Taylor Devices Inc - TAYD
Torch Energy Royalty Trust - TRU
Universal Forest Products Inc - UFPI
Vimicro International Corp - VIMC
Westwood One Inc - WWON
Winmark Corp - WINA
Zanett Inc - ZANE

New 52-week High stocks

PFE - PFIZER INC.
INVE - Identive Group
MO - ALTRIA GROUP
TIBX - TIBCO Software, Inc.
OCZ - OCZ Technology Group
BIIB - IDEC Pharmaceutical
GIL - GILDAN ACTIVEWEAR INC
SKH - Skilled Healthcare
PRGO - Perrigo Company
BAX - BAXTER INTERNATIONAL
QCOR - Questcor Pharm
MDVN - Orion Acquisition C
INCY - Incyte Genomics Inc
HSY - Hershey Corp
GNC - Gnc Holdings
MSG - Madison Square Gard
WRC - Warnaco Group Inc
SHPGY - Shire Plc Ads
NDN - 99 CENTS ONLY STORES
SJM - Smucker JM Co
RA - RailAmerica

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: NVTL, REE, RMBS, VMW

22:40 | Permalink |

Bullish Stocks to Watch Friday

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Rare Element Res Ltd (AMEX:REE) looks strong enough to move forward. As expected, the stock broke up through the resistance at $13.85 on huge volume of over 1.202 Million shares. At this stage, further rally is still possible in next several days. The breakout signals a continuation of the prior advance. Bulls have the near-term technical advantage and gained fresh upside momentum today. Next resistance levels to watch are $15.95 and $17.92. The stock has the potential for a strong follow through, so watch it closely on Friday.

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It is clear that Ford Motor Company (NYSE:F) wants to move higher again, but too much caution right now. The stock reacted to the $16 mark over the last two trading sessions and has suffered a small correction as shown in the chart above. Back above $16 would revive the bullish case and open the way for further gains towards $16.55 in the first instance. Short term support for the stock is in the $15.23 to $15 region. While the stock price is correcting there are no clear signs of a top forming in the daily charts as of yet. Indicators are favoring longs with both positive momentum indicator and positive MACD above the zero line. A move above $16.51 would mark a medium-term breakout. Long-term investors can hold Ford with a stop at $14.40.

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Elan Corporation, plc (NYSE:ELN) continues to move higher and it still looks strong on its daily chart. I raised resistance to $8.26, which was the high of April 2010. Technically, the stock has broken all medium term resistances and appears strong. ELN is now on the overbought level, so this means a possible correction is near. This may give us a chance to jump in on the stock when it moves lower. ELN is a stock to keep an eye on for awhile.

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

LGTT - LIGATT Security International, Inc.
XNPT - XENOPORT
ELTP - Elite Pharmaceutica
BLOAQ - Blockbuster Inc
SINX - Sionix Corp
ATWT - ATWEC Technologies, Inc.
MDFI - Medefile International, Inc.
STHG - Stratton Holdings Inc.
AVL - Avalon Rare Metals Inc.
EXPR - Express Inc
BBBY - Bed Bath & Beyond Inc.
PIR - Pier 1 Imports Inc
ELN - ELAN CORP P L C
AMSC - American Superconductor
RT - RUBY TUESDAY INC GA
ISIL - Intersil Holding Co
PSRU - PureSpectrum, Inc.
SDVI - Signature Devices, Inc.
MDRX - Allscript Health
CZZ - Cosan Limited Cl A
IL - Intralinks Holdings
CCAA - Cala Corporation
HRZ - HORIZON LINES INC
XOMA - XOMA Ltd.
IMGN - ImmunoGen, Inc.
OCZ - OCZ Technology Group
PUDA - Puda Coal Inc
CXZ - Cross Exp Mining
MSGI - MSGI Security
BEAV - BE Aerospace, Inc.
INHX - Inhibitex
EEGC - Empire Energy Corp
ORCH - Orchid Cellmark Inc
ALIF - Artificial Life Inc.
LJPC - La Jolla Pharma

New 52-week high stocks

MCP - Molycorp Inc
EXPR - Express Inc
BBBY - Bed Bath & Beyond Inc.
PIR - Pier 1 Imports Inc
ELN - ELAN CORP P L C
LTD - LIMITED INC
ERIC - LM Ericsson Telepho
HUN - HUNTSMAN CORPORATION
MPEL - Melco Crown Adr
COST - Costco Wholesale Co
UNH - UNITEDHEALTH GROUP INC
IMGN - ImmunoGen, Inc.
BHP - BHP Billiton Ltd
ANF - ABERCROMBIE & FITCH CO
IR - INGERSOLL RAND CO
EXK - ENDEAVOUR SILVER
OCZ - OCZ Technology Group
TJX - TJX COMPANIES INC
ERTS - Electronic Arts Inc.
CDNS - CADENCE DESIGN SYS INC
MCO - Moody's Corp
RPM - R P M INC
AON - AON CORP
HMY - HARMONY GOLD MINING
CPN - Calpine Corp
SMOD - SMART MODULAR TEC
FL - Foot Locker Inc
WSM - WILLIAMS SONOMA INC
CNO - Cno Fnancial Grp
COO - COOPER COS INC NEW
UTX - UNITED TECHNOLOGIES
BKE - Buckle Inc
UNM - UNUM GROUP
PDS - Precision Drilling
ADP - Automatic Data Process
LPSN - LivePerson, Inc.
PGH - Pengrowth Energy
ENDP - Endo Pharmaceutical
TMX - TELEFONOS DE MEXICO
MRX - MEDICIS PHARM CORP
CBST - Cubist Pharmaceutical
MWV - MEADWESTVACO CORP
SCI - SERVICE CORPORATION
HANS - Hansen Natural Corp
FNB - F.N.B. Corporation
PDC - Pioneer Drilling Co
FMCN - Focus Media Hldg
NTES - Netease.com, Inc.
ISRG - Intuitive Surgical
OLN - OLIN CORP
MAKO - MAKO SURGICAL CORP
CAR - Avis Budget Group Inc
ARW - ARROW ELECTRONICS INC
VRUS - Pharmasset Inc
MASI - Masimo Corp
JAZZ - Jazz Pharmaceutical
CHKP - Check Point Software
MTZ - MASTEC INC
GNC - Gnc Holdings
ASNA - Ascena Retail Group
LSTR - Landstar System, Inc.
PRXL - PAREXEL International
FINL - Finish Line, Inc.
VAL - VALSPAR CORP
DHX - Dice Holdings Inc
DXCM - DEXCOM
WCG - WELLCARE HEALTH
RE - Everest Re Group Ltd
RVI - VALUE CITY DEPT STORES
RCII - Rent-A-Center Inc.

Earnings Announcements for Friday

AspenBio Pharma Inc - APPY
Blyth Inc - BTH
China Education Alliance Inc - CEU
Community Central Bank Corp - CCBD
Gencorp Inc - GY
Metalink Ltd - MTLK
PriceSmart Inc - PSMT
Reachlocal Inc - RLOC
Seven Arts Pictures PLC - SAPX
Westwood One Inc - WWON

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: ELN, Ford, REE

22:22 | Permalink |

AC Investor Blog

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

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