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Wednesday, January 27, 2010 

Stocks to watch on Wednesday Jan 27

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AMAT might have found a bottom down at present levels as the stock bounced on Tuesday. The stock hit a high of $13.01 on Tuesday, which is resistance for today’s move. The short term technical indicators are showing the stock resides within an oversold area, the stock have to breach the 13 level again to confirm any further upside move.

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TLAB broke out of a two-week range on Tuesday. The stock hit a high of $6.72, breaking through the $6.25 range high. The stock closed at $6.59, which is another good sign of a follow through move.

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RZ has a strong support around 1.05 and if it sustains around the current price zone it could bounce back.

Other stocks to watch :

List of stocks where the chart is displaying a New Buy Signal according to the technical indicator CCI

ADENF Adira Energy, Ltd.
ALGT Allegiant Travel Co.
ALKS Alkermes, Inc.
AMTY Amerityre
AURDQ Accuride Corp.
BDCO Blue Dolphin Energy Co.
CSCX Cardiac Science Corp.
DNBK Danvers Bancorp, Inc.
DVAX Dynavax Technologies Corp.
EOPI ECO2 Plastics, Inc.
FORC Force Energy Corp.
GETI GenTek Inc.
GNMT General Metals Corp.
HPOL Harris Interactive, Inc.
KRBF Kreido Biofuels Inc.
MDSO Medidata Solutions Inc.
MSPD Mindspeed Technologies, Inc.
MTXX Matrixx Initiatives, Inc.
NCIT NCI, Inc.
NEWS NewStar Financial Inc.
NOOF New Frontier Media, Inc.
PLXT PLX Technology, Inc.
PPCO Penwest Pharmaceuticals Co.
PPDI Pharmaceutical Product Development, Inc.
PRCP Perceptron, Inc.
PRXL PAREXEL Intl Corp.
SANM Sanmina Corp.
SLXP Salix Pharmaceuticals Ltd.
TLAB Tellabs, Inc.
UTSI UTStarcom, Inc.
VLTR Volterra Semiconductor Corp.
VNUS VNUS Medical Technologies Inc.
ZION Zions Bancorporation

List of stocks where the chart is displaying a New Sell Signal according to the technical indicator CCI

ACMR A.C. Moore Arts & Crafts, Inc.
AFFX Affymetrix, Inc.
AGAM AGA Medical Holdings Inc.
AGYS Agilysys Inc.
AIPC American Italian Pasta Co.
AIRM Air Methods Corp.
AIRV Airvana Inc.
AMCS AMICAS, Inc.
ANDR Andrea Electronics Corp.
ANDS Anadys Pharmaceuticals Inc.
AVID Avid Technology, Inc.
AVNR Avanir Pharmaceuticals
AVOE Avro Energy, Inc.
BCSI Blue Coat Systems, Inc.
BEBE bebe stores, Inc.
BSGC BigString Corp.
CAAS China Automotive Systems Inc.
CAKE Cheesecake Factory Inc.
CBAK China BAK Battery, Inc.
CCMP Cabot Microelectronics Corp.
CCRT CompuCredit Holdings Corp.
CECO Career Education Corp.
CERN Cerner Corp.
CHDX U.S.-China Industrial Exchange, Inc.
CIGX Star Scientific, Inc.
CKSW ClickSoftware Technologies Ltd.
CLTK CellTeck Inc.
CNSL Consolidated Communications Holdings Inc.
CPLA Capella Education Co.
CPSI Computer Programs and Systems Inc.
CREG China Recycling Energy Corp.
CRNT Ceragon Networks Ltd.
CTDC China Technology Development Group Corp.
CWEI Clayton Williams Energy, Inc.
CWS China Wind Systems, Inc.
DISCA Discovery Communications, LLC
DPDW Deep Down Inc.
DSCM drugstore.com, Inc.
EFJI EFJohnson Technologies, Inc.
EGMI Electronic Game Card Inc.
EONC eOn Communications Corp.
EQST Energy Quest Inc.
EXBX Exobox Technologies Corp.
EXLS ExlService Holdings Inc.
FEED AgFeed Industries, Inc.
FHAI Fountain Healthy Aging, Inc.
FINL Finish Line, Inc.
FUND Royce Focus Trust, Inc.
GERN Geron Corp.
GLOW Glowpoint, Inc.
GSOL Global Sources Ltd.
GSPG GoldSpring, Inc.
HAIN Hain Celestial Group, Inc.
HALO Halozyme Therapeutics Inc.
HAWK Seahawk Drilling Inc.
HIMX Himax Technologies Inc.
HOMB Home BancShares Inc.
HWKN Hawkins Chemical, Inc.
IACI InterActiveCorp
ICUI ICU Medical, Inc.
ILNS Intellect Neurosciences, Inc.
INFY Infosys Technologies Ltd.
IRIS IRIS International Inc
IRSN Irvine Sensors Corp.
KMKCF Continental Minerals Corp.
KONG KongZhong Corp.
KOOL Thermogenesis Corp.
LACO Lakes Gaming, Inc.
LJPC La Jolla Pharmaceutical Co.
LKQX LKQ Corp.
LOOP LoopNet, Inc.
LPIH Longwei Petroleum Investment Holding Ltd.
MANT ManTech Intl Corp.
MAXY Maxygen, Inc.
MEXP Marine Exploration, Inc.
MIPI Molecular Insight Pharmaceuticals Inc.
MKSI MKS Instruments, Inc.
MXGD Midex Gold Corp.
MZEI Medizone Intl Inc.
NANX Nanophase Technologies Corp.
NCTY The9 Ltd.
NOVA NovaMed Eyecare, Inc.
NTCT NetScout Systems, Inc.
NUAN Nuance Communications, Inc.
NUVA NuVasive, Inc.
OKME Oak Ridge Micro-Energy Inc.
ONXX ONYX Pharmaceuticals, Inc.
OOIL OriginOil, Inc.
OPNT OPNET Technologies, Inc.
OPWV Openwave Systems
ORCC Online Resources & Communications Corp.
OSBC Old Second Bancorp, Inc.
OUTD Outdoor Channel Holdings, Inc.
OVTI OmniVision Technologies, Inc.
PCAR PACCAR, Inc.
PMACA PMA Capital Corp.
PNGM Pengram Corp.
PNTV Players Network Inc.
PRAA Portfolio Recovery Associates, Inc.
PRKR ParkerVision, Inc.
PSUN Pacific Sunwear of California, Inc.
RGEN Repligen Corp.
RNOW RightNow Technologies Inc.
RPBC Redpoint Bio Corp.
RPRX Repros Therapeutics
RSTI Rofin-Sinar Technologies, Inc.
RTGV RTG Ventures Inc
SBAC SBA Communications Corp.
SBLK Star Bulk Carriers Corp.
SCHW Charles Schwab Corp.
SEED Origin Agritech Ltd.
SFEG Santa Fe Gold Corp.
SGMO Sangamo BioSciences, Inc.
SIGM Sigma Designs, Inc.
SLPO Superlattice Power, Inc.
SNWL SonicWALL, Inc.
SPIL Siliconware Precision Industries Co., Ltd.
SPRT Support.com, Inc.
STEI Stewart Enterprises, Inc.
STKL SunOpta Inc.
SUNH Sun Healthcare Group Inc.
SUPG SuperGen, Inc.
TSYS TeleCommunication Systems, Inc.
TWIN Twin Disc, Inc.
TYPE Monotype Imaging Holdings Inc.
UBCI ubroadcast, inc.
UBNK United Financial Bancorp Inc.
USMO USA Mobility, Inc.
VITC Vitacost.com Inc.
WFD Westfield Financial, Inc.
WTAR Wataire Intl, Inc.
XSNX XSUNX Inc.
ZRAN Zoran Corp.

New 52-week High stocks

AAPH American Petro-Hunter Inc.
ADENF Adira Energy, Ltd.
AEHR Aehr Test Systems
AMLN Amylin Pharmaceuticals, Inc.
BELM Bell Microproducts Inc.
CLMT Calumet Specialty Products Partners L.P.
CNXT Conexant Systems, Inc.
EMPR Empire Petroleum Corp.
FORD Forward Industries, Inc.
GAXC Global Axcess Corp.
HUSA Houston American Energy Corp.
IART Integra LifeSciences Holdings Corp.
IRBS IR Biosciences Holdings Inc.
ISCA International Speedway Corp.
ITCD ITC DeltaCom, Inc
LBTYA Liberty Global Inc.
LTXC LTX-Credence Corp.
MEDX Medarex, Inc.
MSPD Mindspeed Technologies, Inc.
NAVI NaviSite, Inc.
NEWS NewStar Financial Inc.
NWBI Northwest Bancshares, Inc.
PBTH PROLOR Biotech, Inc.
PLXS Plexus Corp.
PLXT PLX Technology, Inc.
PRFT Perficient, Inc.
PRXL PAREXEL Intl Corp.
PVHO Provision Holding, Inc.
REGN Regeneron Pharmaceuticals, Inc.
RGNC Regency Energy Partners LP
RNWK RealNetworks, Inc.
SANM Sanmina Corp.
SBNY Signature Bank
TFSL TFS Financial Corp.
TSCM TheStreet.com, Inc.
VCBI Virginia Commerce Bancorp
VLTR Volterra Semiconductor Corp.
VNUS VNUS Medical Technologies Inc.
WTFC Wintrust Financial Corp.

List of stocks where the chart is displaying a Bullish Signal Reversal Alert

ADTN ADTRAN, Inc.
BRCD Brocade Communications Systems, Inc.
CAEI China Architectural Engineering, Inc.
CTIC Cell Therapeutics, Inc.
FXEN FX Energy, Inc.
HCKT Hackett Group, Inc.
HSII Heidrick & Struggles Intl, Inc.
IIIN Insteel Industries, Inc.
LECO Lincoln Electric Holdings, Inc.
LUNA Luna Innovations Inc.
NAVG Navigators Group, Inc.
OKSB Southwest Bancorp, Inc.
PCLN priceline.com Inc.
PRCP Perceptron, Inc.
RGEN Repligen Corp.
SCHN Schnitzer Steel Industries, Inc.
SRDX SurModics, Inc.
STEC STEC, Inc.
VITA Orthovita Inc.
VMED Virgin Media Inc.

List of stocks where the chart is displaying a Bearish Signal Reversal Alert

AUDC AudioCodes Ltd.
AXTI American Xtal Technology
BIIB Biogen Idec Inc.
CAMD California Micro Devices Corp.
HPOL Harris Interactive, Inc.
HSWI HSW International, Inc.
MLNK ModusLink Global Solutions, Inc
NABI Nabi
PCYC Pharmacyclics, Inc.
PLLL Parallel Petroleum Corp.
PNFP Pinnacle Financial Partners, Inc.
RAME RAM Energy Resources, Inc.
UBSI United Bankshares, Inc.
ULGX Urologix, 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 !!! Good luck and good trading !!!

AC

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Friday, January 22, 2010 

Stocks to watch on Monday Jan 25

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RMBS is probably the best stock to own right now. The stock was one of the few stocks that closed positive on Friday as it ended the day up $.72. The stock gained 3 percent finishing the day at $24.74 after the U.S. International Trader Commission Judge Theodore Essex ruled that Nvidia is violating three patents owned by Rambus. This particular decision could result in a ban on imports of certain Nvidia chips and products that use them, Bloomberg reports, including some computers made by Hewlett-Packard and a host of other PC and graphics card companies. Today, the stock broke out of a 2-day consolidation range as the stock hit a high of $26 on the day. Today’s move could be the start of a bigger move, which is why I'm watching the stock on Monday. The technical chart shows very strong upward momentum as the stock is trading above the 50 day moving average with both 13 day and 50 day moving average going up. The new bullish trend on my daily chart looks good. My model is long, targeting 30. Key resistance is now located at 26, a break above this level will confirm the bullish trend, and the following uptrend will take price up to 30 zone. CCI heading up towards 100 line on daily chart. The Relative Strength Index is also moving higher, which is a sign of growing strength in the stock. Also the MACD is giving a positive indication. I bet on Rambus for the short-term and medium term.

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I will be watching RZ again on Monday because at some point this stock is going to bounce. I'm not saying there will be a recovery, just an oversold bounce. I want to be involved once this occurs and I will watch RZ for this move. My resistance point reflects Friday’s high of $1.11, but there could be other opportunities to trade this stock before resistance. The markets have sold off so hard that any bounce could be a tradable move.

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HEB is bouncing off lows as the stock closed up $.01 on Friday. The stock held up well in a weak market. There is a good chance the stock will move higher on Monday, which is why I'm watching the stock closely. Resistance is $0.72, which reflects Friday’s high of the day. There could be very good upside in this trade, so keep a close eye on HEB for Monday.

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DRYS looks to have found support at the $5.83 range as the stock tried to move higher, but ended the day down $.12. If the stock can break through Friday’s high of $6.09 we should see a strong upside move. There looks to be good upside potential in this trade, so watch DRYS closely on Monday.

Other Stocks to Watch :

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

ELN - ELAN CORP P L C
CL - COLGATE-PALMOLIVE C
K - KELLOGG CO
AAP - ADVANCE AUTO PARTS INC
GMCR - Green Mountain Coff
ORLY - O'Reilly Automotive
ROVI - Macrovision Corporation
SGEN - Seattle Genetics
HEK - Heckmann Corp

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

NKTR - Nektar Therapeutics
KBR - KBR Inc
BYI - Alliance Gaming
GSIC - GSI Commerce, Inc.
TEG - WPS Resources Corp
SLAB - Silicon Laboratories
MDU - M D U RESOURCES GRO
SGMS - Scientific Games Corp
SNDA - SHANDA INTERACTIVE
AHL - ASPEN INSURANCE HLD
CYMI - Cymer, Inc.
HCC - H C C INSURANCE HLD
ALXN - Alexion Pharmaceuti
IRF - INTERNATIONAL RECTI
CBSH - Commerce Bancshares
SFG - STANCORP FINANCIAL
PODD - Insulet Corp
GA - Giant Interactive G
GBCI - Glacier Bancorp, Inc.
KMR - KINDER MORGAN MANAG
SJT - San Juan Basin Royalty
PETS - Petmedexpress.com Inc
CCO - CLEAR CHANNEL OUTDO
CQP - Cheniere Energy Par
IVR - Invesco Mortgage Ca

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 !!!

AC

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Saturday, January 16, 2010 

Stocks to Watch Next Week

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I feel there is an upcoming move. TLAB continues to sit in a consolidation range after its big move on January 7th. At some point, Tellabs will breakout and I want to be there for this move. Resistance stays at $6.22. Chaikin Money Flow shows accumulation and MACD is still strong. Do not give up on this stock.

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INTC broke resistance on Thursday, but was not able to hold up on Friday. I still like this stock and expect a strong upside move to occur soon. Resistance is $21.55, which reflects Thursday’s high of the day. Keep watching INTC for another upside move.

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RZ finding support around the 50 day MA. It can bounce from here or from just above 1.16 where support appears to be. Chaikin Money Flow indicator is showing a bullish divergence.

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CIEN is trying to break out of a short-term trading channel, and this could occur very soon. The stock hit a high of $12.25 last week, which is the high of this channel. CIEN should be able to break through soon and I want to be there when this occurs. From the technical daily chart MACD and KD both signal positive strength. The only potential risk in the short-term is that RSI has already crossed below 50 level. Keep an eye on CIEN because it can be a good trading stock.

Other Stocks to Watch :

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

KFT - KRAFT FOODS INC
LEAP - LEAP WIRELESS INTL
AMTD - TS Ameritrade Holdings
FPL - F P L GROUP INC
PCG - P G & E CORP HLDG CO
CCK - CROWN CORK & SEAL I
NTRS - Northern Trust Corp
DSW - DSW INC
FRG - Fronteer Developmen
DEI - Douglas Emmett Inc
LO - Lorillard Inc
FRT - FEDERAL REALTY INVT TR
AZO - AUTOZONE INC NEVADA
CPNO - COPANO ENERGY LLC UTS
NCZ - NICHOLAS APPLEGATE
MWE - MARKWEST ENERGY PTN
EDMC - Education Management

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

FNSR - Finisar Corporation
AMMD - American Medical Sy
ARCC - ARES CAPITAL CP
PMTC - Parametric Technolo
NEP - DRACO HLDG CP
CINF - Cincinnati Financial
ISIS - Isis Pharmaceutical
GLBL - Global Industries
ADTN - ADTRAN, Inc.
INFA - Informatica Corp
ARUN - Aruba Networks Inc
MR - MINDRAY MEDICAL INT
IBB - iShares Nasdaq Biot
ODFL - Old Dominion Freigh
RJET - REPUBLIC AIRWAYS HL
HTLD - Heartland Express
MOLX - Molex Incorporated
TSYS - TeleCommunication S
GMXR - Gmx Resourcs Inc
RVBD - Riverbed Technology
EQIX - Equinix, Inc.
MEA - METALICO IN
WPI - WATSON PHARMACEUTICALS
PSYS - Psychiatric Solutions
AIRV - Airvana Inc
QSFT - Quest Software, Inc.
FRPT - Force Protection Inc
ID - Viisage Technology
NVTL - Novatel Wireless Inc
HXL - HEXCEL CORP
SINA - sina.com
COGT - COGENT INC
TUP - Tupperware Brands
MICC - Millicom International
ECLP - Eclipsys Corporation
O - Realty Income Corp
SVNT - SAVIENT PHARMS
PWRD - Perfect World Co Ltd
BLUD - Immucor, Inc.
ARBA - Ariba, Inc.
BCE - B C E INC
SCI - SERVICE CORPORATION
HSC - HARSCO CORP
SBH - Sally Beauty Holdings
VSEA - Varian Semiconductors

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 Weekend !!!

AC

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Wednesday, January 06, 2010 

Stocks to watch on Wednesday Jan 06

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CIEN had a very strong day on Tuesday in a weak market. The stock surged over 7% on rumors that Nokia may be interested in a takeover. Ciena traded nearly 20 million shares, closing at $11.86, up from $11.02 on Monday, January 4th the prior day's close. I'm looking for the stock to continue its up move on Wednesday. Further rally could be seen to retest $12.50 medium term resistance. As long as the stock stay above 11.38 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. Next targets for the stock are $12.50 and $12.886. Only a close below $10.76 reverses the current uptrend.


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RZ has consolidated for the past 3 trading sessions after a big move on 30th December. If the stock consolidates around the $1.2-1.25 level, watch for the next big up move. This stock can move very fast, with larger swings. Keep an eye on it for Wednesday.

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I am keeping HANS on the list because it has been consolidating the past trading sessions at lower volume, after breaking out last week. I am buying the stock again above Tuesday's high of $39.52. Watch this stock closely today.

Other Stocks to Watch :

Speculative plays

CIEN - Takeover rumors.
DRYS - DryShips, Inc. - Watching for a close above $6.54
ETFC - E*TRADE Financial Corporation - Watching for a close above $1.84
SIRI - SIRIUS XM Radio Inc. - I Will buy on a break above $0.706
CTIC- Cell Therapeutics - Watching for a close above $1.20
LLBO - LIFELINE BIOTECH - Watching for a close above $0.0027
OCNF - I am a big fan of OCNF for the long term. Watching for a close above $1.07

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

AMR - A M R CORP
NVDA - NVIDIA Corporation
SBUX - Starbucks Corporation
MRVL - Marvell Technology ...
STI - SUNTRUST BANKS INC
AAI - AirTran Holdings, Inc
PNC - PNC Financial Services
IP - INTERNATIONAL PAPER CO
TSN - TYSON FOODS INC CL A
CLX - CLOROX CO
FL - Foot Locker Inc
SHLD - KMart Corp
IM - INGRAM MICRO INC
HOG - HARLEY DAVIDSON INC
WYN - Wyndham Worldwide WI
AN - AUTONATION INC
FSLR - First Solar Inc
FDX - FedEx Corporation
STJ - ST JUDE MEDICAL INC
PCAR - PACCAR Inc
ANF - ABERCROMBIE & FITCH CO
RL - POLO RALPH LAUREN CORP
SPWRA - SUNPOWER CORPORATION
NSC - NORFOLK SOUTHERN CORP
CUZ - COUSINS PROPERTIES INC
EXPD - Expeditors International
WRI - WEINGARTEN REALTY INVS
CRI - CARTERS INC
CTB - COOPER TIRE & RUBBE
MDC - MDC HOLDINGS INC
BZ - Aldabra 2 Acquisition
FO - FORTUNE BRANDS INC
DDS - DILLARDS INC CL A
DLR - DIGITAL REALTY TRUS
RYN - RAYONIER INC
MTB - M & T BANK CORP
POOL - Pool Corp
RJET - REPUBLIC AIRWAYS HL
DTG - DOLLAR THRIFTY AUTO
KEX - KIRBY CORP
ICLR - ICON plc
MDAS - MedAssets Inc
MELI - MercadoLibre Inc
COT - COTT CORP
CVD - COVANCE INC
APKT - Acme Packet Inc
MIN - M F S INTERMEDIATE
PCH - POTLATCH CORP
AAN - AARON RENTS INC

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

AA - ALCOA INC
SMH - Semiconductors HOLD
BBD - BANCO BRADESCO SA ADS
DD - DUPONT E I DE NEMOU
MNKD - MANNKIND CP
LLY - LILLY ELI & CO
TEVA - Teva Pharmaceutical
BRCM - Broadcom Corporation
ONNN - ON Semiconductor Co
ABT - ABBOTT LABORATORIES
SVU - SUPERVALU INC
PBI - PITNEY BOWES INC
JBL - JABIL CIRCUIT INC
RTN - RAYTHEON CO NEW
FRX - FOREST LABORATORIES
OXY - OCCIDENTAL PETROLEU
NWL - NEWELL RUBBERMAID INC
FPL - F P L GROUP INC
NYX - NYSE EURONEXT INC
LEG - LEGGETT & PLATT INC
MFE - Network Associates
TWC - Time Warner Cable Inc
LO - Lorillard Inc
PNK - PINNACLE ENTERTAINMENT
HAS - HASBRO INC
WCRX - Wrner Chil Plc A
HW - Headwaters Inc
ETN - EATON CORP
NAV - NAVISTAR INTL CORP
EVVV - EV3 INC
MSCC - Microsemi Corporation
MOLX - Molex Incorporated
SY - Sybase Inc
CREE - Cree, Inc.
ETR - ENTERGY CORP HLDG CO
EMN - EASTMAN CHEMICAL CO
LLL - L3 Comm
INT - WORLD FUEL SVCS CORP
AMCC - Applied Micro Circuits
MATK - Martek Biosciences
ICON - Candie's, Inc.
LOGI - Logitech International
LPNT - LifePoint Hospitals
EME - EMCOR Group Inc
RY - ROYAL BANK OF CANADA
VLY - VALLEY NATIONAL BAN
TSCO - Tractor Supply Company
HTS - Hatteras Financial
MRH - Montpelier Re Holdings
CRUS - Cirrus Logic, Inc.
WSO - WATSCO INC
ESI - I T T EDUCATIONAL SVCS
BMS - BEMIS CO INC
VNDA - Vanda Pharmaceutical
THS - TREEHOUSE FOODS INC
WCN - Waste Connections Inc
ATO - ATMOS ENERGY CORP
GVA - GRANITE CONSTRUCTIO
HE - HAWAIIAN ELEC INDS INC
PTP - Platinum Underwrite
BXS - BANCORPSOUTH INC
IMGN - ImmunoGen, Inc.
CNC - Centene Corporation
ETH - ETHAN ALLEN INTERIO
BKCC - BlackRock Kelso Cap
OMI - Owens & Minor Inc
OEH - ORIENT-EXPRESS HOTEL
BCO - Brinks Company
AME - AMETEK INC NEW
WGL - WASHINGTON GAS LIGH
NX - Quanex Building
VGR - Vector Group Ltd
ZNT - ZENITH NATIONAL INS
XRA - EXETER RESOURCE CORP
SI - SIEMENS A G ADR

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 later !!!

AC

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Wednesday, December 30, 2009 

Stocks to watch on Thursday Dez 31

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RZ has been in a strong downtrend since June. The stock had an interesting day, as it broke out of the range and closed near the highs. Today’s high was $1.46, which is resistance for the continuation move on Thursday. There is a lot of upside in this trade, so keep RZ on your screen tomorrow.

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ETRM had a very strong day on Wednesday, as the stock broke out of its channel on the way to closing up $0.17 on the day. Wednesday’s high was $0.71, which is resistance for Thursday’s follow through move. The move I saw today could be the first leg of a bigger move, but we might see consolidation over the next day or so. You want to keep an eye on ETRM so you do not miss when the stock does break through resistance.

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OSIR had a slight bounce today, as did most of the stocks in its sector. The stock looks like it wants to make a move. I'm buyers of OSIR once it breaks $7.50, which is the top of this range. If the stock can break resistance, we should see a strong upside move. You want to watch OSIR closely on Thursday.

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PLUG pulled back on Wednesday, but the volume was on the light side and could be a one-day event. I like how this stock broke out of a sideways channel on heavy volume in yesterday's session, which is why I will watch it again on Thursday. Resistance stays at $0.78, which was Today’s high of the day. Use your stops if the stock does not hold up.

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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About Me

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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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