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Wednesday, June 26, 2013

Stocks to Watch for June 27, 2013

( click to enlarge )

Yelp Inc (NYSE:YELP) Strong Breakout on heavy volume. Buyable on a pullback to the pivot. The technical chart shows a continuation of the trend with MACD and RSI in the Bullish areas. There is a good chance the stock will continue to move up.

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Regions Financial Corporation (NYSE:RF) Stalking as a potential swing long above 9.61 MACD crossed up signaling a buy. Lets see if tomorrow confirms the signal

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Research In Motion Ltd (NASDAQ:BBRY) is still consoladating within a symmetrical triangle. Eventually this pattern will be resolved Friday after the earnings report. However, all technical indicators appear to be setting up for a nice bullish move. The RSI crossed above 50 and +DI crossed above -DI indicating renewed buying pressure. MACD is about to cross the zero line, signifying even more upside being possible. The volume also was above average today and I'm hoping we will see a continuation tomorrow. Today’s high was $15, which is resistance for the follow through move. Note earnings 06/28

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Splunk Inc (NASDAQ:SPLK) is setting up nicely for a breakout, but I'd like to see a move above 47,21 on good volume before getting involved.

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Citi Trends, Inc. (NASDAQ:CTRN) On watchlist no trigger yet. Long above $14.36. The stock has very strong support at 13.50

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Wells Fargo & Co (NYSE:WFC) has become increasingly bullish and is currently consolidating in an attractive pattern. A move past $41.69 would be a strong indicator of a further uptrend in the stock.

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, CTRN, RF, SPLK, WFC, YELP

22:33 | Permalink |

Thursday, February 21, 2013

Watchlist for Friday, February 22

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Monster Beverage Corp (NASDAQ:MNST) Flagging above the breakout. Worth watching long above 52

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Wells Fargo & Company (NYSE:WFC) broke resistance but closed below, volume starting to expand. Keep an eye on it to break today’s highs.

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VirnetX Holding Corporation (NYSEAMEX:VHC) flagging, on watch for another move. Keep an eye on the volume.

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CMS Energy Corporation (NYSE:CMS) nice chart here, on watch tomorrow for a break of 26.26

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Groupon Inc (NASDAQ:GRPN) remains within its medium-term rising channel but the short-term outlook is sideways. Watch the break of todays highs 5.98

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: CMS, GRPN, MNST, VHC, WFC

21:46 | Permalink |

Monday, September 06, 2010

Stock Picks for Tuesday 07 September

Hey guys I'm back from vacations and ready to post. I can say I had a wonderful time exploring probably the most popular of the Canary Islands ( Tenerife - Spain ). I haven't had a chance to follow the market closely, but looking at the dailly chart of the US Indices the investor sentiment has finally changed......

( click to enlarge )

WFC hit resistance on Friday ( $26.20 ), but was not able to break through. This is a big resistance level for the WFC and once it breaks through, we will see a strong upside move. The technical daily chart shows the stock is in a short term bull market rally. The near-term outlook would depend on the price movement in the next few days. A close above $26.20 would impart bullishness and would help the stock move to the 27-28 area. Stay tuned.

( click to enlarge )

On Friday, SIRI broke above the strong horizontal resistance of $.99 ( 50 MA ) to close at $1.01. Further rally could be seen to retest $1.066 medium term resistance. As long as the stock stay above $.99 area, the bullish scenario is still intact. Technical chart shows bullish sign with K line on top of D line and MACD gaining strength while RSI trending above neutral 50 mark. Next targets for the stock are $1.066 and $1.10. Only a close below $.95 reverses the current uptrend.

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MOT - Looking at the technical chart the MACD confirms price trend reversal and is accompained by bullish signal line crossover. Resistance is $8.01, which was Friday’s high. If MOT can break through this level, we should see an increase in volume as more buyers jump aboard.

Other stocks to watch :

New 52-week High stocks

LVS - LAS VEGAS SANDS CP
BKC - BURGER KING HOLDING
ATML - Atmel Corporation
MCD - MCDONALDS CORP
DD - DUPONT E I DE NEMOU
SLW - Silver Wheaton
NFLX - Netflix, Inc.
YUM - TRICON GLOBAL REST INC
CRM - SALESFORCE.COM INC
FDO - FAMILY DOLLAR STORES
WIN - Windstream Corp
AKAM - Akamai Technologies
UNP - UNION PACIFIC CORP
CMI - CUMMINS ENGINE CO INC
ARUN - Aruba Networks Inc
VRSN - VeriSign, Inc.
CTXS - Citrix Systems, Inc.
AMT - AMERICAN TOWER CORP
CB - CHUBB CORP
HCP - HCP Inc
VMW - VMWARE INC CLASS A
TIBX - TIBCO Software, Inc.
CNP - CenterPoint Energy Inc
EQR - EQUITY RESIDNTL PRO
RHT - Red Hat, Inc.
PCG - P G & E CORP HLDG CO
COO - COOPER COS INC NEW
SPG - SIMON PROPERTY GROUP
SOL - Renesola Ltd
NI - NISOURCE INC
DLTR - Dollar Tree Inc
BWA - BorgWarner Inc
VHC - PASW Inc.
BZ - Boise, Inc.
RVBD - Riverbed Technology
MIPS - MIPS Technologies
APKT - Acme Packet Inc
POM - Potomac Electric Po
GTE - GRAN TIERRA ENERGY
CCI - Crown Castle International
HCN - Health Care REIT Inc
PGN - Progress Energy 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.

Good luck to all,

AC

Labels: MOT, SIRI, WFC

23:09 | Permalink |

Friday, June 18, 2010

Stocks to watch for Monday June 21

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The stock hit a new 52-week high today, trading as high as $275, before settling at a close of $274.07. I'm watching the stock on Monday, looking for a follow through move. Resistance reflects Friday’s high of $275. Keep an eye on AAPL because there is good upside in this stock.

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WFC had a small pullback again today, but it held up reasonably well. I still like the chart and will watch the stock again on Monday. Resistance stays at $28.28 for the follow through move. Once it breaks this resistance level, we could see a quick increase in buying as momentum traders jump into this trade.

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C has been trading in a very tight range the past few sessions and looks like it wants to break out. Resistance is $4.02 and I expect an increase in volume once the stock breaks through.

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THQI has a strong support at $4.92. A close below this level could drag it further down to $4.64. Hold the stock with a stop-loss.

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MOT finally broke out and made a nice move today. I'm watching the stock for a continuation move next week. MOT is back to bull market rally with MACD on top of 0 and %K line on top of %D line. The stock has good upside potential, so keep watching the stock for further moves.

Other stocks to watch :

I was looking up the charts of some penny stocks and noticed unusual activity today in the stock price of Mount Knowledge HoldingsInc (OTC:MKHD). This stock rose over 15%, and more gains are likely on Monday. The company announced this morning that, on April 26, 2010, it executed a non-binding Letter of Intent to acquire one hundred (100%) ownership of Mount Knowledge USA, Inc. ("MTKUSA") in a Stock Purchase and Share Exchange Agreement. MTKUSA is a U.S. based sales and marketing company formed in September 2009 for the purposes of distributing Mount Knowledge (TM) products domestically and internationally to a variety of customers, including individuals, schools, government agencies, and corporations, primarily in China.To date, MTKUSA has completed approximately $1,100,000 in new financing to support the current sales and marketing efforts in China. I believe it's not too late to pick up some shares, however be careful with this trade and use the stops. From a technical standpoint the biggest resistance is at $0.47.

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

WFT - Weatherford International
JNPR - Juniper Networks
NE - NOBLE DRILLING CORP
DNR - DENBURY RESOURCES INC
STLD - Steel Dynamics, Inc.
PQ - Petroquest Energy Inc
NBR - Nabors Industries Inc
BRCD - Brocade Communications
VIP - Vimpelcom Ltd
DO - DIAMOND OFFSHR DRLL
NYX - NYSE EURONEXT INC
BZ - Boise, Inc.
LDK - LDK Solar Co Ltd
HSP - HOSPIRA INC
EL - ESTEE LAUDER COMPANIES
ETN - EATON CORP
PDCO - Patterson Co
SOLF - Solarfun Power Holdings
ALV - AUTOLIV INC
JRCC - JAMES RIVER COAL CO
WRB - WR Berkley Corp
HLF - HERBALIFE LTD
TD - TORONTO DOMINION BANK
ENR - ENERGIZER HOLDINGS INC
SCSS - Select Comfort Corp
DSX - DIANA SHIPPING INC
FUL - HB Fuller Co
TAN - Claymore MAC Global
FMX - FOMENTO ECONOMICO M
MICC - Millicom International
NSR - NEUSTAR INC

New 52-week High stocks

AAPL - Apple Inc
NEM - NEWMONT MINING CORP
NTAP - NetApp Inc
CRUS - Cirrus Logic, Inc.
SBUX - Starbucks Corporation
SWKS - SKYWORKS SOLUTNS
AMT - AMERICAN TOWER CORP
ENTR - Entropic Communications
VRSN - VeriSign, Inc.
SUN - SUNOCO INC
AKAM - Akamai Technologies
CTSH - Cognizant Technolog
PQ - Petroquest Energy Inc
NGD - DRC RESOURCES CP
PEG - Public Service Elec
OVTI - OmniVision Technologies
RSG - REPUBLIC SERVICES INC
FRG - Fronter Gold Inc
ARUN - Aruba Networks Inc
DISCA - Discovery Holdings
CROX - CROCS INC
HAS - HASBRO INC
SKX - SKECHERS USA INC
MJN - Mead Johnson Nutrition

Have a nice weekend,

AC

Labels: AAPL, C, MOT, THQI, WFC

23:19 | Permalink |

Tuesday, June 08, 2010

Stock picks for Wednesday Jun 09

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NEM is in a long-term upward trend. It could move to the immediate target zone of the 59-60 range again. Investors holding the stock may have a stop-loss at 55.08 ( 20-dma ). The technical chart looks pretty good as the golden cross has formed in March 2009, KD is around 65 and MACD is above 0. The stock is in a Bullish Mode.

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WFC - Finally we got the rebound from trendline support that reached 27.40 during today's session. Breaking above yesterdays highs 28.11, leaves space for further gains to test the top of this range that stands at 29.42.

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The stock keeps closing above its 20-day moving average, you can stay long. The positive medium-term view would be negated if the stock closes below this level. Stay tuned.

Earnings Announcements for Wednesday

Alliance One International, Inc. - AOI
AMERCO - UHAL
Analogic Corporation - ALOG
APPLIED NEUROSOLUTIONS INC - APSNE.OB
Ciena Corporation - CIEN
DPAC Technologies Corp. - DPAC.OB
Enzo Biochem - ENZ
Ferrellgas Partners - FGP
GameTech International - GMTC
ITEX CORP - ITEX.OB
Korn Ferry International - KFY
Luby's, Inc. - LUB
Magal Security Systems - MAGS
Men's Wearhouse - MW
Navistar International - NAV
ORAMED PHARM INC - ORMP.OB
Piedmont Natural Gas - PNY
PURE Bioscience - PURE
Repligen Corporation - RGEN
Shuffle Master, Inc. - SHFL
Spartech - SEH
Stewart Enterprises, Inc. - STEI
SYNUTRA INTL INC - SYUT
Thor Industries - THO
Titan Machinery Inc. - TITN
Ulticom - ULCM
Vail Resorts - MTN
VIMICRO INTERNATIONAL CO-ADS
Virco - VIRC

Pattern is cup and handle

MFA - Mfa Financial
CAL - CONTINENTAL AIRLINES
AAI - AirTran Holdings, Inc
ADCT - ADC Telecommunications
LO - Lorillard Inc
CTRP - CTRIP.COM INTL LTD ADS
NHP - NATIONWIDE HLTH PRO
ARBA - Ariba, Inc.
EGY - Vaalco Energy Inc
DECK - Deckers Outdoor Cor
ALSK - Alaska Communications
LGF - Lions Gate Entertaiment
ANSS - ANSYS, Inc.

Unusual volume

TLCR - Talecris Biotherape
KRY - Crystallex International
APPY - ASPENBIO PHARM
HNAB - Hana Biosciences
VIVK - Vivakor Inc
HRBR - Harbor Bioscience
BTOW - Britton International
DANOY - GROUPE DANONE
GRZ - Gold Reserve Inc
EVTN - Enviro Voraxial Tec
BKPG - Bark Group Inc
MBYL - Endeavor Exploration
RDIAF - ROCKWELL VENTURES INC
MYMX - Mymetics Corporation
DCGNQ - Decode Genetics
ALRT - ALR Technologies Inc
UUGRY - UNITED UTILITIES P L C
EVSP - Glas-Aire Industries
GYSN - Greyson International
RLGT - Radiant Logistics Inc
ALPMY - Astellas Pharma Inc
SLTZ - American United Glo
ZNOM - Znomics Inc
LIHRF - Lihir Gold Limited
EROCR - Eagle Rock Energy P
AHBIF - Inbev SA
PAI - Western Asst
ETEV - Ethos Environmental
WLSA - WIRELESS AGE COMMUN
OCTI - OCTuS Inc
CCMM - Charter Communications
SPHT - Secure Path Tech
FMNPQ - Fremont General Corp
PXMFF - Philex Mining Corp

Bullish Signal Reversal Alerts

ACUR Acura Pharmaceuticals, Inc.
AVNW Aviat Networks Inc.
BRCD Brocade Communications Systems, Inc.
BRKR Bruker Corp.
CAEI China Architectural Engineering, Inc.
CNMD CONMED Corp.
CVVT China Valves Technology Inc.
CXDC China XD Plastics Co. Ltd.
DDIC DDi Corp.
DLLR Dollar Financial Corp.
EBAY eBay, Inc.
ESIO Electro Scientific Industries, Inc.
FBCM FBR Capital Markets Corp.
FMER FirstMerit Corp.
GXDX Genoptix Inc.
IFSIA Interface, Inc.
LFUS Littelfuse, Inc.
MTRX Matrix Service Co.
MYRG MYR Group, Inc.
NWSA News Corp. Ltd.
OPLK Oplink Communication, Inc.
OXPS OptionsXpress Holdings Inc.
PSUN Pacific Sunwear of California, Inc.
RGEN Repligen Corp.
SHLM A. Schulman, Inc.
SMOD SMART Modular Technologies Inc.
STEL StellarOne Corp.
SUPG SuperGen, Inc.
VISN VisionChina Media Inc.
WFSL Washington Federal, Inc.
WMAR West Marine, Inc.

Good luck to all,

AC

Labels: AKAM, NEM, WFC

23:30 | Permalink |

Wednesday, July 15, 2009

Stock Picks and Trade Ideas for Thursday - Intel, Level 3 Communications and Wells Fargo & Company

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

WFC showed some signs of strength on Wednesday, as the stock closed up $.90 on the day. The stock broke resistance today, but it was too late for me to make a trade. I feel there will be a continuation move on Thursday, and I'm buyer once it breaks through Wednesday’s high of $25.47. From the technical chart above we can see that the stock is on a bull market as the stock is trading above both 50 day and 200 day moving average and the 50 day moving average is on top of 200 day moving average heading upwards. From here, the stock might run to $27 according to the way the market is acting now.

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

Over the past five weeks LVLT has experience a huge increase in volume along with some strong price movement. Looking at the daily chart the stock broke out from a symmetrical triangle pattern breaking out of resistance around $1.5/share. I believe price action will make a quick run near to 1.77.

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

INTC was a big winner on Wednesday, as the stock traded higher on good news and strong earnings from the company. The stock hit a high of $18.19, which is resistance for the continuation move. From a technical standpoint, the stock is very strong. Now that the stock is on an uptrend with MACD above the signal line, any pull back would mean great buying opportunity.

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: INTC, LVLT, WFC

22:11 | Permalink |

Wednesday, March 25, 2009

Hot stocks for Thursday - American Italian Pasta, Rambus and Wells Fargo

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

RKH - On Wednesday session, the stock declined initially and found support around $15level. However, subsequently it recovered and rallied 10 percent from the session’s low. The near-term outlook will depend on the price movement in the next few days. A breakout or breakdown may happen soon. I’m more to expect a breakout from this stock because of the following bullish indicators: 1.) MACD crossing above the signal line. 2.) RSI has consistently stayed above the 50 level.3.) with MACD above 0 and K line above D line we should see the stock continue to go up.

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

AIPC - The stock broke resistance today, but was not able to make the expected move. The stock needs to break Wednesday’s high of $34.10 to expect a strong rally at this point.

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

RMBS - The stock is still facing resistance around 10.65. The technical daily chart above is showing bullish bias. MACD is indicating that the current short term price trend is very bullish. In addition, the On Balance Volume is increasing, indicating accumulation of shares in the market. I'm still maintaining the buy rating on Rambus as the technical chart still shows very bullish sign as 20 day moving average is on top over 50 day moving average with MACD above 0. One thing I would like to point out was the unusual options activity in Rambus over the day. If you go out to the April 2009 options expiration contracts, you will see that nearly 9050 contracts have been traded in the APR09 $12 CALLS. One rumor pointed to Hynix, and one to a possible buyout. Stay tuned on Rambus....

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: AIPC, RMBS, WFC

20:25 | Permalink |

Tuesday, March 10, 2009

Stock Picks and Trade Ideas for Wednesday - Best Buy and Wells Fargo

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

BBY - Closed at $28.07, up $3.34. Range was $25.09 to $28.44. The stock closed above its 20-day moving average. Looking at the technical chart, the RSI is now turning back up, and pulling away from the 50 mark. Unfortunately, despite the stock’s positive day, the MACD continued to decline, but I think with more two positive days the stock should cure that. On a short –term basis, the stock is fighting with the 50-day moving average at $28,12, however I expect a breakout at any moment, hold. In addition KD show buy signal as K line has just rose above D line.

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

WFC - Wells Fargo shares rose today with other financial stocks, gaining more than 18% to $11.81 on heavy volume. From the technical chart the stock looks weak as the stock is still trading below the major moving averages, include the 20-day, 50-day, and 200-day moving average, indicating bear market. However the technical daily chart signals a recovery as the stock seemed to set a bottom at $7.80 in the past week and has since rallied more than 30%. As the stock is approaching the 20 day moving average there could be some profit taking. Although both 50 day and 200 day moving averages are falling, the rising KD shows the stock is probably now in recovery mode. Hold the stock with a stop at $10.22.

Labels: BBY, WFC

21:05 | Permalink |

Wednesday, December 10, 2008

Stock Picks and Trade Ideas for Thursday - BAC,GS, WFC

WFC - Looking at the daily technical chart above, the stock looks somewhat neutral. The stock is trading around 50 day moving average and 200 day moving average as both moving average are tangling with each other. As the moving average indicates, the stock is on a neutral zone and a spike or plunge would defines the trend for the next few months. The only possible negative indicator is KD which is beginning to crossing down.

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

GS is starting to show signs of accumulation with upside days and low downside days. Buy the stock only when it moves beyond the resistance level of $74 on a close basis,for a swing trade with a target of $81.19.

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

Banc of America shares have been trading in a short-term uptrend since the lows of $9.69. Looking at the daily technical chart, the stock is forming a rising wedge (bearish pattern) with a likely target of around $20. It will be interesting to see if market touches $18.57 or perhaps even $20 in the coming days before a good fall. For now, the technical short-term indicators look favorable for the bulls, however be cautious on all up moves and keep a close eye on the wedge. The moment the wedge is broken, expect good correction. Stay tuned on it.

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: BAC, GS, WFC

19:16 | Permalink |

Wednesday, November 12, 2008

Stock Picks and Trade Ideas for Wednesday - CIEN, WFC, NOK

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

NOK - The stock broke down from this descendong triangle by falling 6 per cent, accompanied by above-average volume. With this recent fall, the moving-average convergence and divergence (MACD) is featuring in the negative territory that is below the zero line. I'm bearish on the stock in the short-term. Based on the technical sell signal noted, it is advisable to avoid NOKIA for now.

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

WFC - The stock faces a strong resistance at $29.15 ( 200-day moving average ), and unless this level is crossed on a close basis, the medium term outlook remains negative. For now, the stock has managed to keep itself above an important support level at $27. A move above the $29.15 mark would be a good indication for the stock, and thereafter the outlook will improve. Let's keep an eye on it.

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

CIEN -The stock is coming very near to its horizontal support of $6.60, trading near the lows of the year. Any close below this level will signal the next leg down has begun. Stop yourself out on any close below $6.60. Technically, the RSI had just broken the uptrend trendline and fallen below 50. In addition, MACD histogram had just turn negative while MACD crossed below the faster “trigger” line or the red line.

That's All. See you tomorrow !!

AC

Labels: CIEN, NOK, WFC

09:07 | Permalink |

Wednesday, October 15, 2008

Stock Picks and Trade Ideas for Thursday - RF, C , WFC, NVDA

Chart courtesy of stockcharts ( click to enlarge )

RF - The stock is recovering from last weeks’ equity sell-off. The stock is around $11.67, which is below its 200 day moving average but above the 50 day moving average. Technically, the stock doesn’t look bad. Crossing above the $12 level could see a resumption of the bull rally and the stock could rise to touch the $14-$14.50 levels.

Chart courtesy of stockcharts ( click to enlarge )

NVDA - The stock is in a bearish phase and I have to say that the recent downtrend does not appear be complete. Reasonable expectations suggest to me that we might see stock drops to near its 52 week low at $6.28 if this uncertainty in the markets persist for some time. Technicaly, NVDA is still in very weak market as 50 day moving average is still declining and MACD is still below 0. Any move below $6.90 will drag the stock towards $6.28.

Chart courtesy of stockcharts ( click to enlarge )

WFC -The stock has moved above 200-day moving average and is moving toward near-term resistance near 36. In order to avoid being caught in a false breakout situation, enter your trade with a stop order at least $32.10 above the breakout level.

Chart courtesy of stockcharts ( click to enlarge )

C - Despite the recent bounce back, the price action has failed to cross above the short-term resistance line at $18.17 ( 50 day moving average ). The stock could fall up to $16.

That's All. See you tomorrow !!!

AC

Labels: C, NVDA, RF, WFC

23:33 | Permalink |

Tuesday, February 12, 2008

Trade Ideas for Wednesday - WYNN, ILMN, CNXT, WFC

Chart courtesy of stockcharts

WFC -After a 18% price gain in January, the stock pulled back to its 50-day moving average in February where it found a solid support. However, WFC remains a risky play as it is still just below its 200ma and it could easily drop a little more on any market weakness. But, if its 50-day moving average major horizontal becomes firm and sustained support, a next move to test its 200ma is simply a question of time. Keep an eye on her.

Chart courtesy of stockcharts

CNXT - Conexant appears to be in a very interesting situation right now in terms of the future of its stock price. Stock has strong support around $0.58, and may be forming a triple bottom. Today session showed that CNXT wants to bounce from these levels. For the first time this month stock closed above its 5-day moving average which is usually a good sigmal for short term. Keep it on the radar.

Chart courtesy of stockcharts

ILMN has been in a steady uptrend for the last six months. Stock is in a good Bullish moment, with all indicators showing strength to move up, also its 50 day and 200 day moving average still going up, while MACD is above 0 and RSI in Bullish territory. So, it won't be a surprise for me if stock breaks above $75.30 in the next sessions.

Chart courtesy of stockcharts

WYNN - The stock found resistance at $125, and then closed near its lows for the day. I think we will see a pull back of at least to its 200-day moving average at $113.72, then it should do very well going forward.

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 nice evening !!!

AC

Labels: CNXT, ILMN, WFC, WYNN

21:30 | Permalink |

AC Investor Blog

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

Wednesday, June 26, 2013

Stocks to Watch for June 27, 2013

Thursday, February 21, 2013

Watchlist for Friday, February 22

Monday, September 06, 2010

Stock Picks for Tuesday 07 September

Friday, June 18, 2010

Stocks to watch for Monday June 21

Tuesday, June 08, 2010

Stock picks for Wednesday Jun 09

Wednesday, July 15, 2009

Stock Picks and Trade Ideas for Thursday - Intel, Level 3 Communications and Wells Fargo & Company

Wednesday, March 25, 2009

Hot stocks for Thursday - American Italian Pasta, Rambus and Wells Fargo

Tuesday, March 10, 2009

Stock Picks and Trade Ideas for Wednesday - Best Buy and Wells Fargo

Wednesday, December 10, 2008

Stock Picks and Trade Ideas for Thursday - BAC,GS, WFC

Wednesday, November 12, 2008

Stock Picks and Trade Ideas for Wednesday - CIEN, WFC, NOK

Wednesday, October 15, 2008

Stock Picks and Trade Ideas for Thursday - RF, C , WFC, NVDA

Tuesday, February 12, 2008

Trade Ideas for Wednesday - WYNN, ILMN, CNXT, WFC

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