AC Investor Blog

Stocks to Watch for July 03, 2014

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Ceres Inc (NASDAQ:CERE) 66c level looks to be its new base setup for a new leg up. The stock price is close to its key resistance point of .75c a break could lead to a strong run up and who knows how high this stock might end up. Technical daily indicators are looking bullish. The MACD is positive and above its rising signal line. The relative strength index is above its 50% level, now at 59 and far from being overbought. I'm currently accumulating this stock.

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ExOne Co (NASDAQ:XONE) From a technical standpoint the stock remains very overbought for the short-term. Could see a pullback to $40

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BlackBerry Ltd (NASDAQ:BBRY) showed more signs of strength on today's session as the stock closed up 14c on the day. BBRY has strong resistance around $10.9 and breaking above could take the stock to $12 in a very short time frame.

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3D Systems Corporation (NYSE:DDD) Bulls may not be done here but we could be setting up for a pullback imo. Technical momentum oscillators remain overbought.

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Datawatch Corporation (NASDAQ:DWCH) Stalking. Over $16.31 would be buy trigger.

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Tesla Motors Inc (NASDAQ:TSLA) Needs to hold the 20-day EMA located at 226.09. If it fails that, potential drop to 216.25. Some technical indicators are showing a loss of momentum.

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Charles Schwab Corp (NYSE:SCHW) appears poised to resume the uptrend. If you're not already in wait for a close above 27.50

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, CERE, DDD, DWCH, SCHW, TSLA, XONE

22:35 | Permalink |

Stocks to Watch for September 3, 2013

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Zillow Inc (NASDAQ:Z) jumped 83 cents or 0.87%, Friday to close at 96.45, less than $2 below its all-time high and major resistance at 98.40. If the stock breaks its 52-week high in the coming days, we could see the stock reach $100 per share. As long as the stock stays above the support level of 80 and the rising 50-day EMA, the bullish trend remains intact.

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Tesla Motors Inc (NASDAQ:TSLA) jumped 2.94, or 1.77%, Friday to 169, breaking out of a bullish pennant formation on the 2H chart (As I mentioned on Twitter ). The stock hit a 52-week high of $173 on August 26th, but has pulled back the past few days. TSLA is setting up to make a move back to highs and I will be watching. The technical 2H chart shows very strong upward momentum as the stock is trading above all key exponential moving averages with positive technical indicators, such as an upward-trending A/D.

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Charles Schwab Corp (NYSE:SCHW) continues to show relative weakness. The stock rejected the 50-day exponential moving average on Friday at 21.27 and seems to be heading for support in the $20.3-20 zone.

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The stock has spent several days consolidating under resistance at $285. Now Amazon.com, Inc. (NASDAQ:AMZN) shares look headed for support near $270. From the technical chart, both MACD and RSI show bearish sign.

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The Wendy's Co (NASDAQ:WEN) has begun to correct after hitting new 2013 highs last week. Following that move, we can expect a pull back with short-term support at $7.5 and strong support in the $7.25-7.11 zone. I am not suggesting long positions at this time.

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The recent insider buying of 258,361 shares at 1.649 and 338,087 shares at 1.744 is a strong indication that "insiders" are now bullish about the company. If shares of Oncothyreon Inc (NASDAQ:ONTY) continue to get purchased by insiders in large amount, things could get very interesting. When insiders buy shares, it's a strong sign that positive things are coming. This is a company with a $99.22 million market cap. and 69.6 million in cash. From a technical standpoint, a solid base has been established around the 1.60-1.75 zone and I believe that the stock is poised to break through the 1.80 mark soon. I'm currently accumulating this stock.

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Rite Aid Corporation (NYSE:RAD) is still coiling just under $3.62 and appears about ready to make a new breakout soon. Hold the stock with a stop at $3.14 (EMA50)

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Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) The short-term uptrend continues and resistance at $6.25 is weakening. The MACD is about to make a bull cross.

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: AMZN, HIMX, ONTY, RAD, SCHW, TSLA, WEN, Z

09:53 | Permalink |

Stocks to Watch for August 28, 2013

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Las Vegas Sands Corp. (NYSE:LVS) broke down today below its rising 50-day exponential moving average, accompanied by strong volume. With the short-term trend reversing, I see the next key level of support at $52.9. The technical chart shows a bearish tone for stock with MACD and RSI showing weak signal as MACD is below its signal line and RSI dropping below 50% level.

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Bearish technical outlook resulting from the breakdown of the 50-day exponential moving average at 21.3. The stock outlook has deteriorated significantly over the past week. Charles Schwab Corp (NYSE:SCHW) shares are likely to drift lower to test its immediate support at 20. If that support failed, it will test the next support at 19.47

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Amazon.com, Inc. (NASDAQ:AMZN) broke down on volume higher than Monday's level. Look for this to test the 200-day exponential moving average.

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Metlife Inc (NYSE:MET) This is a broken chart IMHO. Looks good for lower prices.

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Popular Inc (NASDAQ:BPOP) looks done as well. Next short area is when it breaks this support.

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: AMZN, BPOP, LVS, MET, SCHW

22:28 | Permalink |

Fears of recession hit stock markets worldwide

Stocks slumped worldwide, one day after the FED said the country's gross domestic product could be flat or grow only marginally this year, and might shrink in 2009. According to FED report the positive economic growth is only likely to return in 2010 and predicted further interest rate cuts might be necessary. This news triggered a series of falls in all markets, with European and Asian markets being the most aftected by this tough sentiment. Since the start of the year more than $32 trillion has been erased from the value of global equities as the financial-market turmoil pushes countries from Europe to the U.S. and Japan into recession. People everyday are looking for any kind of positive news to justify the idea of a bottom but there are no positives out there. Whether it's commodities or equities, everything seems to be on a downturn far from a bottom. I never saw something like this, no one cares about the fundamental of the companies, the way is just one "SELL everything".

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

SCHW - The stock has been in a steep decline since September, falling more than 45% from its highs near $28.65 per share. The chart pattern does not inspire confidence and the stock could continue its downward trajectory. In addition, the daily price chart also shows a dead cross where the 50-day moving average crossed below the 200-day moving average, signaling the beginning of a bear market trend. With this in mind, any rally attempt must be considered a bear market corrective rally and not the start of a new bull market trend. Thus, the major direction of this stock is still in the downward direction. Short-term resistances are at $16 and then $16.99.

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

PCLN was one of the most resilient stocks in the US markets up to June. But the vertical plunge since then has decimated the stock and it is currently trading near its 52 week low at $45.15 recorded this month. The technical chart above shows the stock has been testing the strong horizontal resistance of $58 (on 3 separate occasions) this month. Today, the stock failed again to surprass this key level and the volume traded was quite large, which may be a indication that is too early to break this resistance. The stock is now vulnerable to a drop to the $47-50 range. Remain invested with a stop loss at $50. Only a move past $59.27 would impart a positive trend.

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

Labels: PCLN, SCHW

21:25 | Permalink |

AC Investor Blog

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

Wednesday, July 02, 2014

Stocks to Watch for July 03, 2014

Saturday, August 31, 2013

Stocks to Watch for September 3, 2013

Tuesday, August 27, 2013

Stocks to Watch for August 28, 2013

Thursday, November 20, 2008

Fears of recession hit stock markets worldwide

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