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Tuesday, November 22, 2011

5 stocks for Wednesday's trading

( click to enlarge )

Good afternoon everyone! Looks like I'm going to start the day with a technical setup on BMTI. Check it !

Shares of BioMimetic Therapeutics (NASDAQ: BMTI) surged more than 4% on Tuesday after Collins Stewart initiates coverage on the stock with a buy recommendation for a price target of $7. From a technical perspective, the stock has been falling since the highs of October and seems to be forming a bullish wedge pattern, which means that there could be a rebound taking place soon. Its slow stochastic has also issued a buy signal, possibly suggesting that the bulls could embark on a stronger rebound. The key support is at $2.70 and as long as prices stay above this support, the odds would slightly favour the bulls. If prices take out the $3.10 resistance, then it could rebound strongly towards $3.24-3.30 with a strong chance of testing its October highs at $3.75.

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Sounds like Trina Solar Limited (NYSE:TSL) is gaining some momentum again. The stock had a pretty good rebound on price accompanied with volume. The technical daily chart shows possible new rally as %K line is back above %D line, while the RSI is also gaining strength. The stock needs to break out above $7.44 to go higher.

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Suntech Power Holdings Co., Ltd. (NYSE:STP) needs to take out its 20-day moving average at $2.64 to signal another leg up. I would buy on weakness.

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Career Education Corp. (NASDAQ:CECO) - On today's session, we have seen huge volume at the bottom, which was probably buying activity. The technical indicator MACD is starting to look like it may cross soon, which indicates momentum is shifting towards the upside as well. Keep this on your watchlist.

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I have been watching Royale Energy, Inc. (NASDAQ:ROYL) over the past few days, waiting for a possible upside move. The stock seems to have found a strong support at present levels. The technical indicators are improving significantly. The slow stochastic has moved above the 25% level and the RSI is near the 50% level. I'm a buyer of ROYL once it breaks $3.64 for a possible breakout move. ROYL could have good upside potential, so watch the stock closely.

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 Wednesday, November 23

B&H Ocean Carriers Ltd - BHO
China Technology Development Group Corp - CTDC
Deere and Co - DE
Diana Shipping Inc - DSX
Eastern Light Capital Inc - ELC
Green Cross Hldg CorpGues Inc - GES
HSW International Inc - HSWI
LS CorpMagyar Bancorp Inc - MGYR
Mayflower Bancorp Inc - MFLR
New Jersey Resources Corp - NJR
Qiao Xing Universal Resources Inc - XING
Reading International Inc - RDI
Rosetta Genomics Ltd - ROSG
Ship Finance International Ltd - SFL
Sigma Designs Inc - SIGM
Tat Technologies Ltd - TATT
Yingli Green Energy Holding Co Ltd - YGE

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

CTL - Centurylink Inc
BBD - BANCO BRADESCO SA ADS
WM - WASTE MANAGEMENT INC
LYB - Lyondell Basell Ind
RAI - RJ Reynolds Tobacco
CBE - Cooper Inds Plc
KFT - KRAFT FOODS INC
AMZN - Amazon.com, Inc.
D - DOMINION RESOURCES
KMB - KIMBERLY CLARK CORP
LMT - LOCKHEED MARTIN CORP
IR - INGERSOLL RAND CO
ABT - ABBOTT LABORATORIES
EXPE - EXPEDIA INC
JBL - JABIL CIRCUIT INC
VRTX - Vertex Pharmaceutical
SPRD - Spreadtrum Communication
HOT - Starwood Hotels
LRCX - Lam Research Corporation
TPX - TEMPUR-PEDIC INTL INC
AVGO - Avago Technologies
CAH - CARDINAL HEALTH INC
NOC - NORTHROP GRUMMAN CORP
INTU - Intuit Inc.
VRX - Valeant Pharmaceutical
CTXS - Citrix Systems, Inc.
ABC - AMERISOURCEBERGEN CORP
APOL - Apollo Group, Inc.
MDRX - Allscript Health
APH - AMPHENOL CORP
WHR - WHIRLPOOL CORP
SOHU - Sohu.com Inc.
BC - BRUNSWICK CORP
ITMN - InterMune Pharmaceutical
AGN - ALLERGAN INCORPORATED
PDCO - Patterson Co
AWK - American Water Work.
ENDP - Endo Pharmaceutical
MAC - MACERICH CO
TECD - Tech Data Corporation
QCOR - Questcor Pharm
DPZ - DOMINO'S PIZZA INC
CHMT - Chemtura Corp
VRSK - Verisk Analytics
MSCI - MSCI Inc
FCFS - First Cash Financial
VAL - VALSPAR CORP
MKC - MCCORMICK & CO INC
JKS - JINKOSOLAR HOLDINGS
ATHN - athenahealth Inc
RBCN - Rubicon Technology Inc
PRE - PARTNER RE LTD
THRX - THERAVANCE INC
IEX - IDEX CORP
WBMD - Webmd Health Crp
IT - GARTNER GROUP INC
HMIN - Home Inns & Hotels
LL - Lumber Liquidators Inc
MHK - MOHAWK INDS INC
BCX - BLACKROCK RESOURCES
CRDN - Ceradyne, Inc.
GPRO - GEN-PROBE INC
CISG - CNinsure Inc
VLKAY - Volkswagen AG
MED - Medifast Inc
CBM - CAMBREX CORP
ALE - Allete Inc
CPRT - Copart, Inc.
OKS - Oneok Partners
FSM - FORTUNA SILVER MINES
TWGP - TOWER GROUP INC
VQ - Venoco Inc
HII - Huntington Ingals

Unusual Volume

FMCN - Focus Media Hldg
BRCD - Brocade Communication
GILD - Gilead Sciences, Inc.
CHS - Chicos FAS Inc
FRO - FRONTLINE LTD
PSS - Collective brands
BWEN - Blackfoot Enterprise
YMI - YM BIOSCIENCES INC
XSRAY - Xstrata PLC
HPGS - High Plains Gas Inc
SAPX - Seven Arts Ent
AXAHY - AXA
NGBF - H2Diesel Holdings Inc
PWRD - Perfect World Co Ltd
RGNA - Ethos Environmental
SFL - SHIP FINANCE INTL LTD
AAUKY - Anglo American plc
CSKH - Clear Skies Slr
LOGL - LEGEND OIL & GAS
GGHO - Genisis Realty Group
PRAN - PRANA BIOTECHNOLOGY
WRGL - Warrior Girl Corp
TCEHY - Tencent Holdings Ltd
EEE - KFX Inc
AEHR - Aehr Test Systems
SAN - BANCO SANTIAGO
CSU - CAPITAL SR LIVING CORP
SNDA - SHANDA INTERACTIVE
AXPW - AXION POWER INTL 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.

Thanks for visiting AC Investor Blog.

Labels: BMTI, CECO, ROYL, STP, TSL

22:47 | Permalink |

Tuesday, September 14, 2010

Stock Picks for Wednesday September 15

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ReneSola Ltd. (NYSE:SOL) made a strong upside reversal today and looks like it wants to make a run to new 52-week highs. Watch the stock closely on Wednesday, and once it breaks through $10.26, get ready to enter the trade. The technical chart above shows a continuation of the uptrend. MACD and RSI are bullish, although RSI suggests an over-bought condition. SOL can be a volatile stock, so be careful with your share size.

( click to enlarge )

JA Solar Holdings Co., Ltd. (NASDAQ:JASO) - After making a big move the past few days, JASO is now consolidating. The stock wants to move higher and this could happen very soon. I'm a buyer of JASO once it breaks $7.49. There is a chance the stock will consolidate for another day or so, but watch it closely on wednesday in case it breaks early.

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THQ Inc. (NASDAQ:THQI) - It seems that all bad news has been fully priced into this stock. Company had a miserable sales warning Monday evening, but despite the lower guidance, the stock didn't react much to the news, this means that the stock is about to start its journey up. If THQI can break through $3.77, we should see strong volume drive the stock higher. You need to watch the stock closely because it could break resistance very soon.

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The stock continues to sit in a consolidation range. At some point, Suntech Power Holdings Co., Ltd. (NYSE:STP) will breakout and I want to be there for this move. Resistance stays at $9.19. Fresh long should be made only when the stock closes above this level with an up candle.

New 52-week High stocks

Q - QWEST COMM INTL INC
GDX - MKT VECT GOLD MNRS
NEM - NEWMONT MINING CORP
ATML - Atmel Corporation
SLW - Silver Wheaton
NTAP - NetApp
SOLF - Solarfun Power Holdings
RDWR - Radware Ltd.
ENTR - Entropic Communication
GSS - Golden Star Resources
CTXS - Citrix Systems, Inc.
YUM - TRICON GLOBAL REST INC
CNP - CenterPoint Energy Inc
DE - DEERE & CO
CTL - Centurylink Inc
INFN - Infinera Corp
VMW - VMWARE INC CLASS A
VOD - Vodafone Gp Plc
AKAM - Akamai Technologies
IVN - IVANHOE MINES LTD ORD
CB - CHUBB CORP
VHC - PASW Inc.
UNP - UNION PACIFIC CORP
VRSN - VeriSign, Inc.
SO - SOUTHERN CO
TTM - TATA MOTORS LTD ADS
ROVI - Macrovision Corporation
MIPS - MIPS Technologies
ARUN - Aruba Networks Inc
MENT - Mentor Graphics Corporation
ACE - Ace Ltd
ENDP - Endo Pharmaceutical
UA - UNDER ARMOUR INC
PAY - Verifone Systems
PETM - PETsMART, Inc.
INFY - Infosys Technologies
CMI - CUMMINS ENGINE CO INC
PCLN - priceline.com Incorporation

List of stocks whose OBV has been increasing over the last 3 days

C - CITIGROUP INC
BAC - BANK OF AMERICA CORP
GE - GENERAL ELECTRIC CO
ORCL - Oracle Corporation
WFC - WELLS FARGO & CO
CIM - Chimera Investment
S - Sprint Corp
HTZ - Hertz Global Holdings
NWSA - News Corp Ltd
Q - QWEST COMM INTL INC
NOK - NOKIA CORP
T - AT&T Inc
CMCSA - Comcast Corporation
MGM - Mgm Resorts Int
KEY - KEYCORP
EK - EASTMAN KODAK CO
SYMC - Symantec Corporation
FITB - Fifth Third Bancorp
MS - Morgan Stanley
JNJ - JOHNSON & JOHNSON
MDT - MEDTRONIC INC
BMY - BRISTOL MYERS
DIS - DISNEY CO WALT HLDG CO
RIG - Transocean Ltd
SBUX - Starbucks Corporation
CVX - Chevron
GPS - GAP INC
CBS - CBS Cl B
BCS - BARCLAYS P L C
MI - MARSHALL & ILSLEY CORP
BBY - BEST BUY CO INC
WMT - Wal-Mart Stores Inc
GILD - Gilead Sciences, Inc.
SLB - SCHLUMBERGER LTD
GNW - GENWORTH FINCL INC
COP - ConocoPhillips
UNH - UNITEDHEALTH GROUP INC
SPLS - Staples, Inc.
MON - Monsanto Co
IPG - INTERPUBLIC GRP OF COS
BRK.B - Berkshire Hathaway Inc
AMGN - Amgen Inc.
EP - EL PASO CORP
KFT - KRAFT FOODS INC
WIN - Windstream Corp
PM - Philip Morris International
JDSU - JDS Uniphase Corporation
PWER - Power-One, Inc.
HST - HOST MARRIOTT CORP
PHM - Pultegroup Inc
WY - WEYERHAEUSER CO
CVS - CVS Caremark Corp
IP - INTERNATIONAL PAPER CO
WU - Western Union
AET - AETNA INC
HCBK - Hudson City Bancorp
JBL - JABIL CIRCUIT INC
SD - Sandridge Energy Inc
AMZN - Amazon.com, Inc.
XL - Xl Group Plc
CA - CA Inc
FMCN - Focus Media Hldg
PPL - PPL CORPORATION
FTO - FRONTIER OIL CORP
ALL - ALLSTATE CORP
WAG - WALGREEN CO
CMS - C M S ENERGY CORP
WLP - Wellpoint Inc
DYN - Dynegy Delaware Inc
SWY - SAFEWAY INC
MDY - MidCap SPDRS
DFS - Discover Financial
ESRX - Express Scripts, Inc.
MYL - Mylan Inc
IBN - Icici Bank Ltd
TWX - AMERICA ONLINE INC
MCO - Moody's Corp
AEP - AMERICAN ELEC PWR C
LLY - LILLY ELI & CO
EXPE - EXPEDIA INC
RRI - Rri Energy Inc
SU - SUNCOR ENERGY INC
MDR - MCDERMOTT INTL INC
ACAS - American Cap Ltd
CMCSK - Comcast Corporation
LTD - LIMITED INC
CDNS - CADENCE DESIGN SYS INC
MFC - MANULIFE FINANCIAL
VMED - Virgin Media Inc
VRSN - VeriSign, Inc.
APOL - Apollo Group, Inc.
GCI - GANNETT CO INC
JCI - JOHNSON CONTROLS INC
CY - Cypress Semiconductor
NWL - NEWELL RUBBERMAID INC
BZH - BEAZER HOMES U S A INC
TGT - TARGET CORP
ADSK - Autodesk, Inc.
AFL - AFLAC INC
TSO - Tesoro Corp
CI - C I G N A CORP
LNC - LINCOLN NATIONAL CORP
DHI - Horton DR Inc
MAT - Mattel Co
MBT - MOBIL TELESYSTEMS
AMX - America Movil SA
TIBX - TIBCO Software, Inc.
OXY - OCCIDENTAL PETROLEUM
NOV - NATIONAL OILWELL INC
IVZ - INVESCO LTD
LINTA - LIBERTY MED INT A
PSS - Collective brands
RDN - RADIAN GROUP INC
CTL - Centurylink Inc
SYY - SYSCO CORP
UBS - UBS AG
RDC - ROWAN COS INC
HBC - HSBC Holdings PLC
BBBY - Bed Bath & Beyond Inc.
AIG - AMERICAN INTERNATIONAL
GD - GENERAL DYNAMICS CORP
NI - NISOURCE INC
SQNM - Sequenom, Inc.
HOG - HARLEY DAVIDSON INC
MAR - MARRIOTT INTL INC NEW
SPWRA - SUNPOWER CORPORATION

Good luck to all,

AC

Labels: JASO, SOL, STP, THQI

21:41 | Permalink |

Thursday, November 19, 2009

Stock Market Ideas for Friday - Dell , Energy Conversion Devices and Suntech Power Holdings Co.

( click to enlarge )

STP was one of the big winners on Thursday, as the stock traded up on their earnings. The technical indicators are looking better now for the stock. STP has broken the upper channel line of this short term downtrend line and is now very bullish with the breakout having a large spread and volume. Looking at the daily technical chart the stock has just entered into a bull market as the stock is on top of 50 day and 200 day moving average. Other technical indicator such as MACD, is above 0 showing positive momentum while KD line also show buy signal as K line is on top of D line. Technically speaking the stock is painting a “Bullish” picture. The share price is likely to move to the target zone of the 17.60-18 range. For the long term the stock should still continue to go up.

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ENER is a Solar stock that has taken a beating the past few months. The stock is at top end of the downtrend, but has the potential to reverse this trend. I like these formations and expect the stock to move quickly once it break through resistance at $10.84. Once ENER does break through, I expect to see heavy volume pushing the stock higher.

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DELL is trading down after hours on Thursday, after the company released earnings below the market's expectations. This stock should gap down on Friday, and be one of the higher volume stocks on the day. Support for DELL is $14.81, which was the low on October 2.

Other Stocks to watch - ( Pattern is Bullish Engulfing )

AUY - YAMANA GOLD INC
IAG - IAMGOLD CP
AWK - American Water Work
MA - MASTERCARD INCORPOR
ANN - ANNTAYLOR STORES CORP
NXG - NORTHGATE MINERALS
HOLI - Holysy Auto Tech
CEF - Central Fund of Can
GRS - GAMMON GOLD
VR - Validus Holdings Ltd
CPNO - COPANO ENERGY LLC UTS
SOLR - GT Solar International
AMLM - American Lithium
TK - Teekay Co
TRGT - Targacept Inc
RIGL - Rigel Pharmaceutical
RGLD - Royal Gold, Inc.
SMP - STANDARD MOTOR PROD
GHLV - Global Health Ventu
PMC - Pharmerica Corp
NEPH - NEPHROS INC
FTK - FLOTEK INDS INC (DE)
CNK - Cinemark Holdings Inc
CCO - CLEAR CHANNEL OUTDO
PODD - Insulet Corp
ACAD - ACADIA PHARMACEUTICAL
FUN - CEDAR FAIR L P
AIRT - AIR T INC
TAMO - Tamm Oil and Gas Corp
MSD - Mgn Snnly Dean Wtr
FDML - Fedral-Mgul Corp
AIS - Antares Pharma Inc
TSCM - TheStreet.com, Inc.
DGIT - DG FastChannel
LAVA - Magma Design Auto
JRO - NUVEEN FLT RATE INC
TU - TELUS Corp
DKT - Deutsch Bk
SFE - Safeguard Scien

Other Stocks to Watch - ( Pattern is Bearish Engulfing )

MO - ALTRIA GROUP
SII - SMITH INTL INC
RX - IMS HEALTH INC
FL - Foot Locker Inc
NWS - News Corp Ltd ADR
CVM - CEL-SCI Corp
IO - Ion Geophysical
PRGN - Paragon Shipping Inc
PGH - Pengrowth Energy Trust
BKE - Buckle Inc
UXG - US Gold Corp
CSR - CHINA SECURITY & SU
LGND - Ligand Pharmaceutical
RPRX - Zonagen, Inc.
ITWO - I2 Technologies
CERS - Cerus Corporation
IVAN - Ivanhoe Energy Inc
ONCY - Oncolytics Biotech
END - Continental Southern
SYNA - Synaptics Incorporated
NS - VALERO LP
CFW - CANO PETROLEUM INC
KV.A - K-V Pharmaceutical Co
SHOO - Steven Madden, Ltd.

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 !!!
Cheers!

AC

Labels: DELL, ENER, STP

22:11 | Permalink |

Tuesday, June 02, 2009

Hot stocks for Wednesday - Cree and Suntech Power Holdings Co.

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

STP - The stock has been having plenty of trouble to close above its 200-day moving average. The stock is displaying upside momentum and is poised to move higher from these levels. Let’s see whether the stock can gather enough momentum to break through 17.08. If the Bulls are able to push through this level, there will be another rally towards 21.43. The uptrend continuation scenario is slightly more likely at the moment. Shareholders may remain invested with a stop-loss at 15.20.

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

CREE - This is a nice pull back after recent advance. The volume on this pull back has been minimal compared to the volume on the way up, so there is nothing to worry about. CREE enjoys a strong support at the 29.50-29.75 zone. Only a close below this zone would have negative implications. The near-term trend is bullish and would remain so, as long as the stock holds above 29.50. Fresh buying may be considered on a close above 31.75.

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

Labels: CREE, STP

21:41 | Permalink |

Friday, May 23, 2008

Stock Picks and Trade Ideas for Friday - POT ,MOS, STP, ESLR

Chart courtesy of stockcharts ( click to enlarge )

ESLR was one of the stronger stocks today. Evergreen Solar rises sharply on Thursday as the solar panel maker announced $1 billion in contracts after a challenging start-up of its new factory north of Boston.The news brought out bullish players in the options market, who bought June call options at a $12.50 strike price (that's out of the money), betting that the stock will continue to rise. Analysts expect Evergreen Solar to report about $122 million in revenue this year, $394 million in 2009 and $685 million in 2010, according to a survey of FactSet Research. The stock attempted a breakout today but pulled back with the markets in the afternoon. But looking closely at the volume on today session, I suspect that these contracts attracted a large number of investors, more than 47 million of shares were traded. The technical chart is showing that the stock is on a bounce back rally after it lost more than 50% of it value. RSI is turning up and is now at 60 level. Then the MACD indicator is rising above 0 also indicating a buy, and KD line still show the stock is on the positive swing. In my opinion, this stock has been undervalued relative to the sector, and I believe we're going to see a lot more of these large contracts globally for ESLR.

Additional note : S&P on Thursday reiterated its buy rating on Evergreen Solar. S&P said the move more than doubles Evergreen Solar's previous backlog of approximately $850 million. "We think this added scale will benefit Evergreen Solar and also provide needed diversity to its customer base," S&P said in a note to clients.

Chart courtesy of stockcharts ( click to enlarge )

STP - Suntech Power Holdings Co Ltd reported better then expected earnings, but failed to break its at $50.42 ( 200 day-moving average ). This would be a good opportunity to add position. A potential re-entry would be on take-out of high at $50. It looks well supported at $42.50 - the last swing target, which was taken out decisively early on Apr 08 and now serves as the support. The resistance now is at $51.75 which if taken out could lead to more gains. We need to see what happen to project the next swing target. Let's keep an eye on her.

Chart courtesy of stockcharts ( click to enlarge )

MOS has more resistance above then support below. I am watching to see if it breaks lower here ( 50-day moving average ) or if it will attempt to make a push to the $132 area again.

Chart courtesy of stockcharts ( click to enlarge )

POT - The stock is holding above the 20-day moving average at $196.48. Short-term investors can hold the stock as long as it trades above this support. Any close below $196 would indicate that this current rally may be near the end.

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. Have a great day !!!

AC

Labels: ESLR, MOS, POT, STP

09:18 | Permalink |

Wednesday, December 26, 2007

Solar stocks are rocking this market

Chart courtesy of stockcharts

Before talk about the solar stocks, let me put you in contact with a familiar stock that annulled today the losses of last week and that closed the day well positioned to break one of biggest resistance, its name is RAMBUS of course. Looking at the daily chart, RAMBUS looks very good here, especially if market attempts a rally, a possible breakout over $21.59 is very likely. In addition chart is showing a very bullish sign with 50 day on top over 200 day moving average, MACD on top of 0 and with K line on top of D line. As you can see on the chart above, there are a several indicators showing the stock is on the course to go higher. Keep an eye on her.

Solar stocks are rocking this market. Here are also a couple of charts in the Solar sector that I like: FSLR , CSIQ , STP , ESLR

Chart courtesy of stockcharts

The stock on the spotlight today is Evergreen. Shares were up more than 13%, closing near the highs of the day at $18.84, the major resistance at $17.75. Technicaly chart shows the stock is still in a very strong bull market with MACD on top of signal line and 50 day moving average on top of 200 day moving average, so we should see the stock keep going strong for a while. Today, stock opened space for a new leg-up.

Chart courtesy of stockcharts

The Solar sector is on fire and STP is no exception. It has a strong chart.

Chart courtesy of stockcharts

Another good solar stock chart - Canada Solar "CSIQ".

Chart courtesy of stockcharts

First Solar stock has broken out to all time highs during today session closing at $280.91 with more than 2 million of shares changing hands. Investors have now $300 mark in mind.

Labels: CSIQ, ESLR, FSLR, RMBS, STP

21:12 | Permalink |

Friday, December 21, 2007

Here are some stocks to watch before Christmas day

Chart courtesy of stockcharts

FSLR Breakout again !!!! Shares closed the day gaining more than 8% to a new historic mark for stock at $266.40, near the highs of the day at $268.16. FSLR has been on one of the most amazing runs of this most recent bull market. Looking at the daily chart the investor sentiment in stock showed by RSI continues strong and MACD still going up. Stock still trading in a strong Bull Market with share price above 20 dma, 50 dma and 200 daily moving average. Following this technical chart it's predictable that next week FSLR will reach to new highs.

Chart courtesy of stockcharts

GS - The chart is bullish while she has still maintained $200 mark as support, but the action is predicting a possible break of support at 200, so keep an eye on Goldman Sachs.

Chart courtesy of stockcharts

STP - The stock has been consistently trending higher with nice steps over the last month and volume has picked up as well. Friday finally broke out to new all-time highs. I have no idea how high this one can go but stock is in a strong Bull Market, without resistances above.

Chart courtesy of stockcharts

NVDA is above its 50dma, and it is near the top of this symmetrical triangle. If that breaks, it could become a nice stock for Bulls.

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 example.

That's All. Have a great weekend !!!

AC

Labels: FSLR, GS, NVDA, STP

21:18 | Permalink |

Tuesday, December 18, 2007

Solar stocks in focus !!

No matter what people say and what people think about the valuations of Solar Stocks. People are still playing on the long side in this hottest sector, even when many investors discuss the high risk involved in this sector, due to the exorbitant valuations in general of stocks. Today, Lehman raises targets on WFR, STP and JASO. Lehman revised their targets on STP from $80 to $100, MEMC from $90 to $110 and JASO from $65 to $80. Solar energy is seen as the unique and visible alternative to current resources, so it is natural all this noise around the companies that could best succeeds in this market. Check below the technical analyst on above stocks, after today session.

Chart courtesy of stockcharts

JASO is setting up nicely to break into all time highs. The stock is in a strong bull market with MACD on top of signal and K line on top of D line, both showing buy signal. Although RSI is showing the stock is near to reach overbought conditions, however it is not yet the time to leave as the stock may continue to go up. Wait for a confirmation to take some profits.

Chart courtesy of stockcharts

Suntech Power Holding shares ended the session below its 13 dma, closing at $78.05. In general this is a signal of some weakness on stock. We should see a small pull back till $75 area, MACD and RSI are also showing some signs of weakness.

Chart courtesy of stockcharts

WFR setup nicely last two weeks and is looking like it will breakout over $88.62 soon, so put her on your radar.

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 example.

That's All. Have a great evening !!!

AC

Labels: JASO, STP, WFR

21:18 | Permalink |

AC Investor Blog

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

Tuesday, November 22, 2011

5 stocks for Wednesday's trading

Tuesday, September 14, 2010

Stock Picks for Wednesday September 15

Thursday, November 19, 2009

Stock Market Ideas for Friday - Dell , Energy Conversion Devices and Suntech Power Holdings Co.

Tuesday, June 02, 2009

Hot stocks for Wednesday - Cree and Suntech Power Holdings Co.

Friday, May 23, 2008

Stock Picks and Trade Ideas for Friday - POT ,MOS, STP, ESLR

Wednesday, December 26, 2007

Solar stocks are rocking this market

Friday, December 21, 2007

Here are some stocks to watch before Christmas day

Tuesday, December 18, 2007

Solar stocks in focus !!

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