AC Investor Blog

Technical Setups to watch next week and my Trading rules

Dearest readers,

I continue to receive many emails from people asking me which books or sites I would recommend to learn about trading. To be transparent and direct, i can't find any book that could help you in this environment of uncertainty. In reality, there is no such thing as a perfect trading model, simply because the market is so dynamic and unpredictable in nowadays. However, I can share with you my trading rules.

First the charts to watch next week, then the rules.

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Adamis Pharmaceuticals Corp (NASDAQ:ADMP) finally broke the upper line of the ascending triangle pattern last week on strong volume accumulation. This is a good sign for a continuation of the trend. Overall, it looks bullish. A measured upside technical target after the break of the ascending triangle formation points to around 1.13, but when you combine the trend/momentum with the very strong bullish volume action on the daily chart, a test of the highs of 1.51 should be taking in consideration in the coming sessions. From a technical standpoint, all three major technical indicators are in bullish zones. Upward momentum on MACD looks strong and the RSI is also showing strong upward momentum. Let's keep an eye on it.

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Workhorse Group Inc (NASDAQ:WKHS) had a big surge in price and volume in September when stock price doubled in just 3 weeks. The stock has consolidated over the last couple of sessions and yesterday it broke the downtrend line to the upside on volume, so for aggressive traders like me, this can be a buy already. The stock hit a high of $27.11 on Friday, which is resistance for the follow through move. Charts on all time frames are bullish. You should watch this stock closely next week.

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Neovasc Inc (NASDAQ:NVCN) could be in the early stages of a technical breakout. Daily momentum indicators are showing bullish signals supported by rising MACD and RSI on the charts. On October 27 the FDA will hold a circulatory system devices panel meeting to review the premarket approval application for NVCN’s Reducer device. That catalyst should push the stock prices up even higher, which could give Neovasc stock the fuel to keep rallying.

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Electrameccanica Vehicles Corp (NASDAQ: SOLO) Daily technical chart is showing signs of a possible turn around. In terms of technical indicators, the RSI is starting to rise in the oversold zone while the MACD is crossing above its signal line. Plus, the rising 200-day exponential moving average has held the stock higher since the beginning of September and offers strong downside support. The trend is expected to begin the upwards movements. If the stock can break through $2.7 resistance next week, we should see a strong upside move. SOLO will move very quickly, so watch the stock closely.

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Allied Esports Entertainment Inc (NASDAQ:AESE) dropped from over $2.80 a share to $1.2's in a few weeks time. It seems to have found a strong support while money flowing is very positive and rising (smart money). Daily technical indicators are beginning to turn bullish. Let’s see whether the stock can gather enough momentum to break through $1.40 next week. Great bottom play. I took a big position for a bounce.

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Cancer Genetics Inc (NASDAQ:CGIX) I remain firmly behind this stock. I think this stock is worth accumulating in anticipation of a big move at some point. A break through this 4.75 area could accelerate it higher.

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Genius Brands International Inc (NASDAQ:GNUS) is building a nice base for take off. The area comprehended between $1.45 and $1.5 represents a strong resistance for shares. A close above this key resistance area would have positive implications and could drive the stock much higher. The RSI is gaining momentum and MACD is still showing a positive divergence. Keep the stock on your radar.

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TOP Ships (NASDAQ:TOPS) is another penny stock I am watching closely. If it clears resistance at $1.30, the move may be powerful. Let's keep an eye on it as I think momentum will pick up.

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I have Professional Diversity Network, Inc. (NASDAQ:IPDN) on my watchlist again. It may be ready to break out of this bottom setup formation. Potential swing long above 1.16 Low float stocks remains very HOT.

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Potbelly Sandwich Works (NASDAQ:PBPB) broke out in a big way Friday on decent volume. I think we will see a nice follow through next week. A break of $4.3 with force might give room to 4.63 then 5/5.05 area. MACD triggered a new "Buy Signal" for the first time in weeks.

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ReneSola Ltd. (NYSE:SOL) broke out to new highs on high volume. The uptrend remains intact and signals further bullishness on this stock. Daily technical indicators are bullish. Buyable on any pullback to pivot.

Based on my experience over the years, here are some basic trading rules that should be taken always in consideration for trading in order to become a successful trader in the stock market.

1 - The trend is your friend, so never go against the trend.
2 - Keep your losses small. Golden rule: Cut losses short. Let profits run.
3 - Use stops. The stop loss should be placed a few cents below the supports and not at the same level (i don't use SLs for low float or penny stocks).
4 - Learn the basics of fundamentals, charts and technical indicators.
5 - The good trader is one who makes consistent gains, so don’t be a greedy trader, appreciate the small and the big gains.
6 - Do not fear the market. Be always confident in your trade decisions.
7 - Never buy what you do not want, because you think it is cheap.
8 - Always be conscious that the loss may arise and you should be prepared for that to happen. Open mind.
9 - For large positions, you must have total control of the market never losing sight
10 -Volume is a leading indicator, so play the breakouts using the volume as support of your decision.
11 - Chart breaks without volume could be a trap and the probabilities of succeeding are low
12 - Do not be hasty to buy or sell a stock, every day there are new opportunities to make money. Being patient is the key to the success of any trader.
13 - Only believe fundamentals as long as the technical signals follow.
14 - Trading very speculative stocks is a frequent mistake.
15 - Do not trade positions too large relative to your available capital.
16 - Do not invest all your money in one company. Your portfolio must be diversified.
17 - The Greed to pick tops or bottoms is a usual error. Wait for the perfect and confirmed signal.
18 - Do not make trading decisions based on a story you saw in the morning paper. The market many times has already discounted the information.
19 - Review your missteps to improve your skills

NOTE: With patience and discipline, you can take much more from the stock market than you ever gave. Trading stocks is not easy for beginners or professionals, it is really very hard and requires a lot of attention and knowledge. If stock trading was easy, everyone would be doing it. You can be successful at the stock market, with patience, discipline and a good trade set-up. The key objective is to make money and not lose it.

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: ADMP, AESE, CGIX, GNUS, IPDN, NVCN, PBPB, SOL, SOLO, TOPS, WKHS

15:37 | Permalink |

Stocks to keep an eye on February 12, 2015

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Celldex Therapeutics, Inc. (NASDAQ:CLDX) had a moderate bullish momentum today. On daily chart above we can see that the bullish power failed to close above $20 level. However, the bias is bullish in nearest term targeting 21.70 resistance area. Immediate support is seen at 19 area. The stock continues to trade within an ascending channel with the lower and upper boundaries at 18.81 and 24.62 respectively. Accumulation line remains high.

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Ocean Power Technologies Inc (NASDAQ:OPTT) Nice rally today on high volume, lets see where it goes tomorrow. The stock crossed its 20-day exp moving average and the momentum indicators are attempting to turn up from oversold levels. The current rally should at least push the stock to 70c where the major resistance is. Note: The rising A/D Line shows accumulation.

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ReneSola Ltd. (NYSE:SOL) is a candidate to be traded in breakout mode. Looking at the daily chart above, indicators are looking better for the stock with MACD rising above its sell signal line and RSI indicator moving up above 50% level. This stock is one for the bottom pickers. Upside volume is picking up and a rounding bottom is taking shape. Keep an eye for a possible breakout over $1.44

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King Digital Entertainment PLC (NYSE:KING) The stock made an awesome move today breaking out of a major resistance line with volume backed confirmation. EPS tomorrow AMC.

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DENTSPLY International Inc. (NASDAQ:XRAY) broke through resistance at $51.39 accompanied with high volume. We should be able to see some decent upside movement for the bulls here.

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Shares of Ballard Power Systems Inc. (NASDAQ:BLDP) surged 60% or $1.02 to 2.71 per share on massive volume, after the company signed an $80 million deal to sell a fuel-cell patent portfolio to Volkswagen AG. The next key resistance levels are located at $2.91 and $3.12.

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: BLDP, CLDX, KING, OPTT, SOL, XRAY

23:00 | Permalink |

Bullish Stocks to Watch for Tuesday

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First Solar, Inc. (NASDAQ:FSLR) - As I mentioned on Twitter, I keep holding my long position in FSLR waiting for something BIG. Special points of interest on daily chart : For the short term, the stock is consolidating inside a small ascending triangle with resistance at 47.10. If it breaks out of the ascending triangle and close above, target price is at $52. The On Balance Volume is showing positive signs and the MACD indicator is rising above "0" also indicating a buy. Price may still move higher this week.

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Shares of Alpha Natural Resources, Inc. (NYSE:ANR), surged the fourth straight day by adding 3.34% or 76 cents to $23.54 per share. Momentum indicators are bullish now with RSI inching away above the middle level. The strongest sign of a bullish momentum is the MACD indicator which has just started to increase and is above "0". The On Balance Volume is also showing positive signs on the stock. Price is expected to at least rally the next resistance at $25.48 and even go higher to test the next resistance level at $27.70.

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ReneSola Ltd. (NYSE:SOL) looks good over $2.60 with volume. The short-term uptrend is intact and signals further bullishness on this stock.

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DryShips Inc. (NASDAQ:DRYS) had a remarkable move up with very high volume. This is currently a buy, so buying the dips is recommended as long as the MACD does not move below signal line. Resistance is expected at 3.09.

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Novatel Wireless Inc (NASDAQ:NVTL) is still a buy. The technical daily chart shows the stock is in a rally as %K line is rising on top of %D line as the price is back above 50-day moving average. In addition, the major resistance line has been broken. At this stage, we can expect to see higher prices in the weeks to come. Another bullish indicator is the MACD which has made a cross over and bullish momentum has returned to the stock. The stochastics have turned up and RSI is now back in a positive position. All short-term indicators are in upward path. Next resistance can be found between $3.60 and $3.65.

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Trina Solar Limited (NYSE:TSL) - The outlook remains positive for the stock as long as it rules above $7.71 ( 50d sma ). Sto has generated a buy signal. Let's keep an eye on TSL as i think momentum will pick 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: ANR, DRYS, FSLR, NVTL, SOL, TSL

22:59 | Permalink |

Hot Solar Stocks To Watch

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JinkoSolar Holding Co., Ltd. (NYSE:JKS) had a strong bounce off its ascending 50 day moving average today, as did most of the stocks in its sector. JKS looks like it wants to make a move. If the stock can break today's high, we should see a strong upside move. You want to watch JKS closely on Friday.

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First Solar, Inc. (NASDAQ:FSLR) After bottoming out in the December 2011 trough at around 30, the stock has been on a short-term uptrend. As long as it trades above its significant support level at 39.70 (50-dma), its short-term trend remains up.

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ReneSola Ltd. (NYSE:SOL) - Over the last month, the stock has been consolidating and it looks ready to take the next leg up. Looking at the technical chart we can see that the volume has been drying up on the sell side. In the short-term, the stock can rally and encounter resistance at 2.65. Medium-term trend will turn positive on a strong daily close above this level. This can lift the stock higher to 3.02, 3.33 and then to 3.77.

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Trina Solar Limited (NYSE:TSL) looking like forming support on its 50-day MA on sustained volume. I would be comfortable getting long here.

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LDK Solar Co., Ltd (NYSE:LDK) has recovered nicely and can potentially set-up very well for a swing-trade if the stock breaks through the resistance level at $5.69. There could be good upside in this trade, so watch LDK closely on Friday.

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: FSLR, JKS, LDK, SOL, TSL

22:50 | Permalink |

Solar Stocks to watch in the week ahead

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In the watchlist posted on Thursday, I had posted the chart of JinkoSolar Holding Co., Ltd. (NYSE:JKS) and commented "The volume picked up today and it may be starting a rally. The daily chart shows a doji candle after a few down days, which is sometimes a reversal signal." Well, the following technical chart above shows exactly what happened yesterday. Looking forward, JKS appears a good buy in near term. The chart shows a stock that is starting to breakout and I would look to the $10 level as the next important point of resistance. The 200-day MA is currently $14.82 a share. A bullish volume pattern has been also formed in the last two sessions. In additon, the MACD is moving upwards in positive zone, revealing increasing bullish momentum and stochastics generated a buy signal. If you haven't added JKS to your watchlist, now is the time.

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Canadian Solar Inc. (NASDAQ:CSIQ) has broke to the upside from its recent brief consolidation and the technical chart is bullish. Stock on Thursday closed above its 100 days MA of 3.34 with high volume and yesterday's close confirmed the breakout. Technical indicators are supporting the bulls.

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Trina Solar Limited (NYSE:TSL) moved up well on Friday and volume increased. The stock looks good for more gains next week. From a technical standpoint there is a near term to midterm opportunity for shares of TSL to rebound to higher levels. The chart above shows the momentum indicators have turned up and the RSI is on the rise.

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Nice spike up on strong volume. Could play First Solar, Inc. (NASDAQ:FSLR) here for a move above $51. MACD is positive and above the signal line. RSI is moving up and above its 50% level.

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ReneSola Ltd. (NYSE:SOL) has consolidated very well and is looking ready to move higher from here. A long entry could be made as it breaks over 2.65. Technical chart looks Bullish, the MACD is positive and above the signal line. RSI is moving up and stochastic is also moving up and above its 50% level.

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.

Other stocks to watch :

Pacific Biosciences of California (NASDAQ:PACB) - The stock held up pretty well for a stock that had run up $1.42 in just two trading days. I think we might see another spike soon.

InterDigital, Inc. (NASDAQ:IDCC) - Put on your watchlist. Insiders bought huge volume of shares on Thursday.

Hemispherx BioPharma, Inc (NYSEAMEX:HEB) - The rally continued on Friday as buyers drove the price up 9 cents, or 29 percent, to close at $.41

Novatel Wireless, Inc. (NASDAQ:NVTL) has not confirmed a buy signal yet but looks like it coud be getting very close when it clears its 50-day MA. The technical indicator OBV still showing positive divergences and moving north even as the stock price falls meaning the selling strength is very weak. So a strong bounce is likely.

Cell Therapeutics, Inc. (NASDAQ:CTIC) Flagging here. Could be setting up for a run to $1.50.

US Earnings Calendar for Monday, January 30

Actuate Corp - BIRT
Advanced Energy Industries Inc - AEIS
Agilysys Inc - AGYS
Align Technology Inc - ALGN
Alliance Bankshares Corp - ABVA
Ampco-Pittsburgh Corp - AP
Annaly Capital Management Inc - NLY
Annapolis Bancorp Inc - ANNB
Array Biopharma Inc - ARRY
Athens Bancshares Corp - AFCB
Aware Inc - AWRE
Baidu Inc - BIDU
Bank of the Carolinas Corp - BCAR
BCSB Bancorp Inc - BCSB
Biodel Inc - BIOD
BNC Bancorp - BNCN
Britton and Koontz Capital Corp - BKBK
Bryn Mawr Bank Corp - BMTC
Capital Bank Corp - CBKN
Capitol Federal Financial - CFFN
Cardiovascular Systems Inc - CSII
Carolina Bank Holding Inc - CLBH
Carolina Trust Bank - CART
Carrollton Bancorp - CRRB
CNB Financial Corp Inc - CCNE
Consolidated Graphics Inc - CGX
Constellation Energy Group Inc - CEG
CSS Industries Inc - CSS
Ellie Mae Inc - ELLI
Emclaire Financial Corp - EMCF
Enbridge Energy Management LLC - EEQ
Enbridge Energy Partners LP - EEP
Enterprise Financial Services Corp - EFSC
ESB Financial Corp - ESBF
Fabrinet - FN
First Bancorp - FBNC
First Bancshares Inc - FBMS
First Financial Bankshares Inc - FFIN
First Financial Hldg Inc - FFCH
First Interstate Bancsystem Inc - FIBK
First M & F Corp - FMFC
First of Long Island Corp - FLIC
Gannett Co Inc - GCI
German American Bancorp Inc - GABC
Graco Inc - GGG
Green Bankshares Inc - GRNB
Guaranty Bancorp - GBNK
Haemonetics Corp - HAE
Hampden Bancorp Inc - HBNK
Haynes International Inc - HAYN
Heartland Financial USA Inc - HTLF
Highway Holdings Ltd - HIHO
Hologic Inc - HOLX
ICU Medical Inc - ICUI
Ingles Markets Inc - IMKTA
Integrated Device Technology Inc - IDTI
Kearny Financial Corp - KRNY
Kilroy Realty Corp - KRC
Lake Shore Bancorp Inc - LSBK
Landauer Inc - LDR
Landmark Bancorp Inc - LARK
LightPath Technologies Inc - LPTH
Louisiana Bancorp Inc - LABC
LRAD Corp - LRAD
MaxLinear Inc - MXL
McKesson Corp - MCK
Microfinancial Inc - MFI
Middleburg Financial Corp - MBRG
Mindspeed Technologies Inc - MSPD
Motorcar Parts of America Inc - MPAA
Mueller Industries Inc - MLI
Navarre Corp - NAVR
New Frontier Media Inc - NOOF
Newport Bancorp Inc - NFSB
Northeast Bancorp - NBN
Old National Bancorp - ONB
Olin Corp - OLN
Oneida Financial Corp - ONFC
OptimumBank Holdings Inc - OPHC
Oritani Financial Corp - ORIT
PAREXEL International Corp - PRXL
Parke Bancorp Inc - PKBK
Parlux Fragrances Inc - PARL
Peoples Bancorp Of North Carolina Inc - PEBK
Peoples Financial Corp - PFBX
Pharmacyclics Inc - PCYC
Pixelworks Inc - PXLW
Plum Creek Timber Co Inc - PCL
Plumas Bancorp - PLBC
Porter Bancorp Inc - PBIB
Reinsurance Group of America Inc - RGA
Rent-A-Center Inc - RCII
Rudolph Technologies Inc - RTEC
Savannah Bancorp Inc - SAVB
Selectica Inc - SLTC
Sify Technologies Ltd - SIFY
SL Green Realty Corp - SLG
Solutia Inc - SOA
Southern Community Financial Corp - SCMF-
Stancorp Financial Group Inc - SFG
Summit Financial Group Inc - SMMF
Sun Bancorp Inc - SNBC
Sussex Bancorp - SBBX
Synutra International Inc - SYUT
Technical Communications Corp - TCCO
Thomas and Betts Corp - TNB
TRC Companies IncTRR
Triumph Group Inc - TGI
Vicon Industries Inc - VII
Vulcan Materials Co - VMC
Wendy's Company - WEN
WisdomTree Investments Inc - WETF
WSB Holdings Inc - WSB

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: CSIQ, FSLR, JKS, SOL, TSL

10:44 | Permalink |

Top Trade Ideas for Tuesday Jan 10th

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InterDigital, Inc. (NASDAQ:IDCC) stock is facing resistance from its 50 day SMA, but there is a good possibility that it will be back in bullish territory soon. Resistances from the 50 day SMA and the 43.25 level need to be crossed convincingly. The technical indicators are supporting the bullishness. Once volume shows up I expect it will take off. Hold.

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Sirius XM Radio Inc. (NASDAQ:SIRI) stock hit a new six month high today of 2.08 but has reversed most of its early gain and closed at $2.05. The main technical indicators remain conducive, which means the up move should continue this week. The MACD is positive and above the signal line. The RSI is above the 50% and the slow stochastic has entered its overbought zone. A bit of correction or consolidation here may provide the impetus to the bulls to take the stock to a new six-month high.

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The down trend in the ReneSola Ltd. (NYSE:SOL) stock has turned into a bear market, confirmed by the death cross in May 2011. The recent rally faced strong resistance from the falling 50 day SMA. The technical indicators are mildly bullish. Observant readers may notice the positive divergences. Buy only on a clear break above the 50-day SMA.

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Nuance Communications Inc. (NASDAQ:NUAN) broke out of the cup and handle pattern today with a successful close above it. Bullish.

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After gaining 1 percent for most of the session, THQ Inc. (NASDAQ:THQI) spiked in the last minutes of trading to finish at 81 cents, up 9 percent, or 7 cents on no news. The volume was also relatively high and reached 1.7 Million of shares. Whether today's performance could be the start of a real bounce or it's was just a temporary support level, is not yet clear. So, it will require confirmation tomorrow to see if the rally is sustainable.

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Dendreon Corporation (NASDAQ:DNDN) is overextended to the upside and signficantly overbought. So don't be surprised if the stock takes a break and corrects back toward $12 before moving higher again. I'd prefer to open new positions on a dip. Technically, the stock is extremely overbought, so we cannot rule out a pull back but at the same time it can remain overbought until it wants to come down. Stay tuned.

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: IDCC, NUAN, SIRI, SOL, THQI

22:25 | Permalink |

Stock Trade Ideas for Thursday, Oct 13th

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Accum/Dist chart on Banner Corporation (NASDAQ:BANR) is showing a clear accumulation trend since July. The stock broke and closed today above its 50-day moving average (14.20), and is poised to continue higher, towards the 15.5-16 area next.

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Shares of A123 Systems, Inc. (NASDAQ:AONE) soared 26% to $4.19 per share after General Motors said that the company would be supplying the power for the automaker's first all-electric car. The technical chart shows possible new rally as %K line is back above %D line. In addition with stock back above 50-day moving average we should see more upside coming. Next resistance lies at $4.5.

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ReneSola Ltd. (NYSE:SOL) - Hold your Long position with a stop loss at $1.84 (closing day basis). Only a close below this level would change the short-term outlook to bearish for the stock. The immediate resistance appears at $2.34 and suport at $1.94. The short-term trend seems to be positive.

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MELA Sciences, Inc. (NASDAQ:MELA) has been under accumulation for a couple days now. The volume on accumulation days consistently exceeded the volume on distribution days. That's a bullish sign. From a technical standpoint, the daily chart looks Bullish with both 13, 50 and 200 daily moving averages going up and MACD on top of 0, RSI in a Bullish area too. I'm setting resistance at $6.30, which was the high of Wednesday. If the stock breaks through, the next resistance lies at $7.45.

I encourage everybody to subscribe my twitter and newsletter, so you can receive my trade ideas and stock news in real time.

Other stocks to watch :

US Earnings Calendar for Thursday, October 13

Biostar Pharmaceuticals Inc - BSPM
Cantel Medical Corp - CMN
Chase Corp - CCF
China Metro-Rural Holdings Ltd - CNR
China Natural Resources Inc - CHNR
Citizens And Northern Corp - CZNC
Commerce Bancshares Inc - CBSH
Emmis Communications Corp - EMMS
Fairchild Semiconductor International Inc - FCS
Fastenal Co - FAST
Google Inc - GOOG
J B Hunt Transport Services Inc - JBHT
JPMorgan Chase & Co - JPM
KMG Chemicals Inc - KMGB
Lindsay Corp - LNN
MEDTOX Scientific Inc - MTOX
Mission West Properties Inc - MSW
National Bankshares Inc - NKSH
Recon Technology Ltd - RCON
Safeway Inc - SWY
Skyline Corp - SKY
Taylor Devices Inc - TAYD
Uranium Energy Corp - UEC
Valmont Industries Inc - VMI
Video Display Corp - VIDE
VSB Bancorp Inc - VSBN
Winnebago Industries Inc - WGO
Zep Inc - ZEP

The following list show stocks whose OBV has been increasing over the last 3 sessions

INTC - Intel Corporation
ABT - ABBOTT LABORATORIES
CVS - CVS Caremark Corp
EMC - EMC CORP
MO - ALTRIA GROUP
DAL - Delta Airlines
M - FEDERATED DEPARTMEN
ATML - Atmel Corporation
GIS - GENERAL MILLS INCOR
HD - HOME DEPOT INC
BP - BP AMOCO ADS
THC - TENET HEALTHCARE CORP
SBUX - Starbucks Corporation
MCD - MCDONALDS CORP
DTV - Directv A
KFT - KRAFT FOODS INC
DD - DUPONT E I DE NEMOU
WAG - WALGREEN CO
AMZN - Amazoncom, Inc
BBY - BEST BUY CO INC
JBLU - JetBlue Airways Cor
WU - Western Union
HTZ - Hertz Global Holdin
RENN - Renren Inc
HON - HONEYWELL INTERNATI
IO - Ion Geophysical
TLAB - Tellabs, Inc
PAYX - Paychex, Inc
KMX - CarMax Inc
ADSK - Autodesk, Inc
MHR - Magnum Huntr Res
HUN - HUNTSMAN CORPORATION
NWL - NEWELL RUBBERMAID INC
JVA - COFFEE HOLDING CO INC
GMCR - Green Mountain Coff
CMI - CUMMINS ENGINE CO INC
LLTC - Linear Technology C
KLAC - KLA-Tencor Corporation
CAG - CONAGRA INC
SYK - STRYKER CORP
GME - GAMESTOP CP
RDSA - ROYAL DUTCH SH A
ARIA - ARIAD Pharmaceutical
SDRL - SEADRILL LTD
ADP - Automatic Data Process
SWFT - Swift Transportation
FMCN - Focus Media Hldg
RHT - Red Hat, Inc
CPB - CAMPBELL SOUP CO
TYC - TYCO INTL LTD
TJX - TJX COMPANIES INC
RRD - Donnelley (RR) & Sons
WTSLA - Wet Seal, Inc (The)
OCR - OMNICARE INC
NSTC - NESS TECHNOLOGIES INC
DISH - Dish Network A
DF - DEAN FOODS INC
NOC - NORTHROP GRUMMAN CORP
DRI - DARDEN RESTAURANTS INC
ABV - Companhia de Bebidas
ECL - ECOLAB INC
FRO - FRONTLINE LTD
AXAS - Abraxas Petroleum C
DGX - QUEST DIAGNOSTICS INC
DDS - DILLARDS INC CL A
LIZ - LIZ CLAIBORNE INC
LMT - LOCKHEED MARTIN CORP
CAR - Avis Budget Group Inc
BWA - BorgWarner Inc
NVLS - Novellus Systems, Inc
BEAV - BE Aerospace, Inc
ASIA - Asiainfo Linkage
ATW - ATWOOD OCEANICS
BID - SOTHEBYS HOLDINGS INC
DLTR - Dollar Tree Inc
PAY - Verifone Systems
MDRX - Allscript Health
ENTR - Entropic Communicat
MJN - Mead Johnson Nutrition
CCK - CROWN CORK & SEAL I
NM - Intl Shipping Entr
CYH - COMMUNITY HEALTH SY
HXL - HEXCEL CORP
QLIK - Qlik Technologies Inc
ERJ - Embraer Sa
VPRT - Vistaprint Nv
SKM - S K TELECOM CO LTD
BEAM - FORTUNE BRANDS INC
LBTYA - Liberty Global Inc
PSS - Collective brands
GPN - GLOBAL PAYMENTS INC
ISIL - Intersil Holding Co
SFLY - SHUTTERFLY INC
ROST - Ross Stores, Inc
TSS - TOTAL SYSTEM SVCS INC
CIE - Cobalt International
CBD - COMPANHIA BRAS DE D
GPOR - Gulfport Energy Corp
ALB - ALBEMARLE CORP
PII - POLARIS INDS INC
PVH - PVH Corp
K - KELLOGG CO
HANS - Hansen Natural Corp
VSEA - Varian Semiconductor
VELT - Velti PLC
NTES - Neteasecom, Inc
SCSS - Select Comfort Corp
TKLC - Tekelec
EL - ESTEE LAUDER COMPANIES
SIMO - SILICON MOTION TECHN
CMTL - Comtech Telecommunication
GDI - GARDNER DENVER INC
OPK - Opka Health
CNK - Cinemark Holdings Inc
EM - Emdeon Inc
PETM - PETsMART, Inc
IACI - IAC InterActiveCorp
VRSK - Verisk Analytics
EXAS - Exact Sciences
HRL - HORMEL FOODS CORP
PCP - PRECISION CASTPARTS
ASX - Advanced Semiconductor
CVLT - CommVault Systems Inc
CTCM - CTC MEDIA INC
RCII - Rent-A-Center Inc
ORLY - O'Reilly Automotive
TTMI - TTM Technologies Inc
JAZZ - Jazz Pharmaceutical
GRMN - Garmin Ltd
PNK - PINNACLE ENTERTAINMENT
LNEGY - Linde AG
AREX - Approach Resources Inc

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.

As always, good luck !

AC

Labels: AONE, BANR, MELA, SOL

22:25 | Permalink |

Stock Picks for Wednesday, October 20

( click to enlarge )

JDS Uniphase Corporation (NASDAQ:JDSU) broke down its support today on increased volume and selling pressure making this stock appear that it could easily be sent down to its support around $10. Only the break of the prior support now resistance confirmed by a daily closing will support higher levels. The indicators of the daily chart are still negative suggesting further possible pressure, only a strong closing again above the top of today could change this scenario.

( click to enlarge )

LDK Solar Co., Ltd. (NYSE:LDK) - The near-term outlook is bearish and the stock could drop to the $10.44-10 range. Bulls could remain invested with a stop loss at $9.62. This is a crucial level. Breakdown will result in a greater fall.

( click to enlarge )

ReneSola Ltd. (NYSE:SOL) - Hold with a stop-loss at $11.89. If stock breaks this level then the stock can head to $11.52 and if this level is breached then the level of $11 is visible. Fresh exposures may be avoided, as the short-term outlook is bearish. A close below $11 would impart further weakness and a subsequent test of $10-10.32 is not ruled out. The trend would turn positive only a close above $13.34. Long positions may be considered on a daily close above this level.

( click to enlarge )

Rambus Inc. (NASDAQ:RMBS) - The decline over the last few days occurred on lower volume and the stock is firming around 19.38. Technically, the stock still in downtrend in short term but at this level is showing some resistance to move down. The current price is above the 50-day moving average of 19.31. Sustained move above the average could signal development of an new uptrend. RMBS looks like it is gonna squeeze some shorts to me. Let's keep an eye on it.

Other Stocks to watch

NTAP - Network Appliance continues to trend higher.Watching for a close above $51.77.

YHOO - Yahoo results beat expectations. The stock has a strong resistance at $16.76.

CTIC - Cell Therapeutics, Inc. is now in Breakout mode. There are some great news about the results of its products that should come to the market soon. Keep the stock in your radar for a possible breakout over $.493.

GIGM - Gigamedia - The stock keeps holding the major support nicely.

THQI - THQ Inc - Watching for a close above $4.24

The Top Retail stocks based on daily volume

LOW - LOWES COMPANIES INC
SWY - SAFEWAY INC
GPS - GAP INC
HD - HOME DEPOT INC
WMT - Wal-Mart Stores Inc
M - FEDERATED DEPARTMENT
JCP - PENNEY J C CO INC
EBAY - eBay Inc.
CVS - CVS Caremark Corp
RAD - RITE AID CORP
ODP - OFFICE DEPOT INC
AMZN - Amazon.com, Inc.
GME - GAMESTOP CP
KR - KROGER CO
SBUX - Starbucks Corporation
SKS - SAKS INC
MCD - MCDONALDS CORP
BBY - BEST BUY CO INC
EXPE - EXPEDIA INC
SPLS - Staples, Inc.
RSH - RADIOSHACK CORP
TGT - TARGET CORP
WAG - WALGREEN CO
JWN - NORDSTROM INC
SONC - Sonic Corp.
URBN - Urban Outfitters, Inc.
KSS - KOHLS CORP
FL - Foot Locker Inc
NFLX - Netflix, Inc.
ARO - AEROPOSTALE INC
CHRS - Charming Shoppes, Inc.
TJX - TJX COMPANIES INC
YUM - TRICON GLOBAL REST INC
COST - Costco Wholesale Co
FDO - FAMILY DOLLAR STORE.
CHS - Chicos FAS Inc
ANF - ABERCROMBIE & FITCH CO
WFMI - Whole Foods Market
BBBY - Bed Bath & Beyond Inc.
KMX - CarMax Inc
LTD - LIMITED INC
JCG - J CREW GROUP INC
CTRP - CTRIP.COM INTL LTD ADS
TLB - TALBOTS INC
OMX - OfficeMax Inc
TIF - TIFFANY AND CO
ANN - ANNTAYLOR STORES CORP
FINL - Finish Line, Inc.
EAT - BRINKER INTL INC
PIR - Pier 1 Imports Inc
NDN - 99 CENTS ONLY STORES
JACK - JACK IN THE BOX INC
ROST - Ross Stores, Inc.
WSM - WILLIAMS SONOMA INC
AN - AUTONATION INC
GYMB - Gymboree Corporation
DRI - DARDEN RESTAURANTS INC
LULU - lululemon athletical
PSS - Collective brands
BIG - Big Lots Inc
GSIC - GSI Commerce, Inc.
DLTR - Dollar Tree Inc
CRI - CARTERS INC
BGP - BORDERS GROUP INC MICH
SIG - Signet Jewelers
MELI - MercadoLibre Inc
TSCO - Tractor Supply Company
CWTR - Coldwater Creek, Inc.
DPZ - DOMINO'S PIZZA INC
CAKE - Cheesecake Factory
IM - INGRAM MICRO INC
BKC - BURGER KING HOLDING
JMBA - SERVICES ACQUISITION
IACI - IAC InterActiveCorp
ORLY - O'Reilly Automotive
FAST - Fastenal Company
SHLD - KMart Corp
DDS - DILLARDS INC CL A
HGG - HHGregg Inc
RGS - RGS ENERGY GROUP INC
NLS - Nautilus Inc
NUS - Nu Skin Enterprises.
PETM - PETsMART, Inc.
DKS - DICKS SPORTING
PAG - UNITED AUTO GROUP INC
WTSLA - Wet Seal, Inc. (The)
TECD - Tech Data Corporation
HLF - HERBALIFE LTD
GAP - GREAT ATLANTIC & PA.
SAH - SONIC AUTOMOTIVE INC
BEBE - bebe stores, inc
ZLC - Zale Corp
AAP - ADVANCE AUTO PARTS INC
WINN - WINN-DIXIE STORES
LL - Lumber Liquidators Inc
AZO - AUTOZONE INC NEVADA
GPI - GROUP I AUTOMOTIVE INC
DBRN - Dress Barn, Inc. (The)
TXRH - TEXAS ROADHOUSE INC
DIN - I H O P CORP
PNRA - Panera Bread Company
MW - Men's Wearhouse Inc
TUES - Tuesday Morning Corp.
CPRT - Copart, Inc.
BKS - BARNES & NOBLE INC
CBRL - Crackr Barel Old
RT - RUBY TUESDAY INC GA
DENN - Denny's Corp

Following list show stocks whose volume has been increasing over the last 3 days

HAL - HALLIBURTON CO HLDG CO
MET - METLIFE INC
PHM - Pultegroup Inc
KFT - KRAFT FOODS INC
PRU - PRUDENTIAL FINANCIAL
DTV - Directv A
GS - GOLDMAN SACHS GROUP
PBCT - People's Bank
LNC - LINCOLN NATIONAL CORP
NZ - Netezza Corp
ZION - Zions Bancorporation
TXT - TEXTRON INC
CFN - Carefusion Cp
ABC - AMERISOURCEBERGEN CORP
TWC - Time Warner Cable Inc
LSCC - Lattice Semiconductor
EXPD - Expeditors International
WOOF - VCA Antech, Inc.
MWV - MEADWESTVACO CORP
ISLN - Isilon Systems Inc
CE - CELANESE CORPORATION
OCN - OCWEN FINANCIAL CORP
UTA - Universal Travel
CVG - CONVERGYS CORP
OKE - ONEOK INC
EPD - ENTERPRISE PRODUCTS
SIG - Signet Jewelers
PDCO - Patterson Co
CWTR - Coldwater Creek, Inc.
MEDQ - MedQuist, Inc.
FSR - Flgstn Reins Hld
THRX - THERAVANCE INC
ATHN - athenahealth Inc
PAM - Pampa Energia Sa
MED - Medifast Inc
IDT - IDT Corp
CPO - CORN PRODUCTS INTL INC
AOS - Smith AO Corp
ROP - ROPER INDUSTRIES INC
B - BARNES GROUP INC
CTCT - Constant Contact Inc
PWV - POWERSHARES DYNAMIC
TRP - Transcanada Corp
ASTE - Astec Industries, Inc.
PTY - Pimco Corporate Opp
AWF - Alliancebernst Global
SUPX - Supertex, Inc.
FUN - CEDAR FAIR L P
HGR - HANGER ORTHOPEDIC G.
CNA - CNA FINANCIAL CORP
IMO - Imperial Oil Ltd

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.

Good luck to all,

AC

Labels: JDSU, LDK, RMBS, SOL

22:46 | Permalink |

Stock Market Alerts for Wednesday Sep 22

( click to enlarge )

ReneSola Ltd. (Public, NYSE:SOL) has made an awesome move today. The stock hit new highs of $11.37, which is resistance for the follow through move on Wednesday. If SOL can break through highs, we should see another high volume move as the stock moves higher. Keep it on your radar.

( click to enlarge )

JA Solar Holdings Co., Ltd. (NASDAQ:JASO) set new 52-week highs today, as the stock was one of the hottest stocks in the clean energy space. JASO hit a high of $8, which is resistance for Tuesday’s follow through move. I'm buyer of JASO again once it breaks resistance and I expect to see traders buy the stock and increase volume. Keep the stock on your radar for Wednesday.

( click to enlarge )

Banner Corporation (NASDAQ:BANR) is a good momentum stock, and looks like it wants to make a big move soon. The stock bounced on tuesday, as it closed up $0.06 cents on the day. I'll be watching the stock on Wednesday, and I'm a buyer once it breaks Wednesday’s high of $2.25. BANR is now above the 50-day moving average of 2.19 and above the 20-day moving average of 2.18, which is important support.

Other stocks to watch :

New 52-week High stocks

T - AT&T Inc
Q - QWEST COMM INTL INC
AAPL - Apple Inc
JASO - JA Solar Holdings C
ID - Viisage Technology
CAT - Caterpillar Inc
ATML - Atmel Corporation
BIDU - Baidu Inc
SWKS - SKYWORKS SOLUTNS
NEM - NEWMONT MINING CORP
KFT - KRAFT FOODS INC
AMZN - Amazon.com, Inc.
WIN - Windstream Corp
CNP - CenterPoint Energy Inc
XL - Xl Group Plc
INTU - Intuit Inc.
KIM - KIMCO REALTY CORP MD
YUM - TRICON GLOBAL REST INC
PCS - MetroPcs Communications
MFE - MCAFEE, Inc.
WYN - Wyndham Worldwide WI
MBI - M B I A INC
TIBX - TIBCO Software, Inc.
PGR - PROGRESSIVE CORP
ARUN - Aruba Networks Inc
SINA - sina.com
CHU - CHINA UNICOM LTD
CMI - CUMMINS ENGINE CO INC
WYNN - Wynn Resorts LTD
CTL - Centurylink Inc
AMT - AMERICAN TOWER CORP
SVNT - SAVIENT PHARMS
UNP - UNION PACIFIC CORP
CB - CHUBB CORP
INFN - Infinera Corp
CTXS - Citrix Systems, Inc.
FNSR - Finisar Corporation

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.

Good luck to all,

AC

Labels: BANR, JASO, SOL

23:21 | Permalink |

AC Investor Blog

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

Saturday, October 10, 2020

Technical Setups to watch next week and my Trading rules

Wednesday, February 11, 2015

Stocks to keep an eye on February 12, 2015

Monday, February 06, 2012

Bullish Stocks to Watch for Tuesday

Thursday, February 02, 2012

Hot Solar Stocks To Watch

Saturday, January 28, 2012

Solar Stocks to watch in the week ahead

Monday, January 09, 2012

Top Trade Ideas for Tuesday Jan 10th

Wednesday, October 12, 2011

Stock Trade Ideas for Thursday, Oct 13th

Tuesday, October 19, 2010

Stock Picks for Wednesday, October 20

Tuesday, September 21, 2010

Stock Market Alerts for Wednesday Sep 22

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