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Wednesday, July 23, 2014 

Stocks to Watch for July 24, 2014

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Wal-Mart Stores, Inc. (NYSE:WMT) had a slightly bullish day today, closing with a gain of 35 cents to $76.99. The stock price is still in a short period of consolidation, moving sideways since 3 weeks ago. The bias remains bullish in short-term testing 77.57-77.76 resistance area.

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Netflix, Inc. (NASDAQ:NFLX) continued its bearish momentum today, closing the day near the key support of 425.45. My technical outlook remains bearish. A clear break and close below that area could trigger further bearish pullback testing 400.

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SanDisk Corporation (NASDAQ:SNDK) is still showing relative weakness. I think the stock is forming here a bear flag pattern on daily and then it will collapse to 90.

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What a rally for Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) late in the day. I have to believe that this rally will resume in earnest tomorrow. I feel a rally to $6 and better is in the cards short term. Stop 5.52 9EMA

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Jamba, Inc. (NASDAQ:JMBA) That is a good looking chart. It's a buy on a daily close above 12.44. Stop loss 11.92

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Baxano Surgical Inc(NASDAQ:BAXS) Technical indicators are displaying positive divergences and I think we could see a strong reversal over the coming days. The stock price sits right at its 52-week low and has fallen from over $1.70 a share to the current $.50 price. Today's heavy volume could be signaling a temporary bottom.

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

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22:42 | |

Friday, June 01, 2012 

6 Trade Setups To Watch next week

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Duke Energy Corporation (NYSE:DUK) Stock price blasted up and out of its week trading range, closing the day near the highs. From a technical standpoint, I believe we are due for a retrace lower here partly due to the overbought conditions. So if that happens we will watch support in the 10 day MA for price action buy signals to re-join the fresh bullish momentum in this stock.

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Las Vegas Sands Corp.(NYSE:LVS) The stock's downtrend is still in full-force and we can see in the daily chart above that the stock price broke and closed below the key support level at 45.66  I do not want to attempt to pick the bottom in LVS as it has been selling off hard, with no obvious price action signs of a reversal on the horizon. 

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Wal-Mart Stores, Inc. (NYSE:WMT) was a nice mover this month on very heavy volume. Now, the stock just needs to consolidate above the 10-day moving average. If the stock can consolidate for a few more days to alleviate the overbought conditions, we could see another strong move. 

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Could be an interesting week for Career Education Corp. (NASDAQ:CECO) investors as the stock is showing some signs of a possible technical rebound in the making. The MACD and CMF are still showing positive divergences and the MFI is moving up and currently it has a value of 63.60 below overbought region of 80. There is positive money flow for the stock. The key technical resistance level investors will be watching is the 7 area. A breakout above this level could send the stock on a major push higher.

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Traders that follow Pharmacyclics, Inc. (NASDAQ:PCYC) feel the retest of the 30 area have shaken out of enough weak longs and could be poised to make new highs next week. The key resistance level traders we will be focused is on the 33 area.

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Right now the big question on everyone’s mind is whether or not VirnetX Holding Corporation (NYSEAMEX:VHC) has consolidated enough and is it ready for a big move. A breakout above the critical 35 level will be the big technical event for the coming trading week. The stock has been in a nice uptrend for the last two weeks and it looks very strong with both 50-day and 200-day moving average going up. This is a stock to keep an eye on for awhile. 

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

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22:10 | |

Tuesday, May 22, 2012 

Wednesday's Stocks To Watch, May 23 2012

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Akorn, Inc. (NASDAQ:AKRX) tried to breakout today again after yesterday's breakout but failed to close near the highs. The stock pulled back during the day, however still closed higher than the high of the previous session, which is bullish to me. Lets see how this trades tomorrow.

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Bought Pharmacyclics, Inc. (NASDAQ:PCYC) on Monday after a nice breakout. Today's action followed through nicely as this stock was up 4.5%. The technical chart show a continuation of the uptrend with MACD and RSI in the Bullish areas. However, both stochastic and the RSI indicator is reaching the top end which indicates that the stock may be reaching overbought condition soon. For the long term the stock should still continue to go up. Resistance: $32.94 Support : $27.42

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Rosetta Genomics Ltd. (USA) (NASDAQ:ROSG) continues to perform strongly and appears poised to test the 200-day moving average line at $8.26.

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Wal-Mart Stores, Inc. (NYSE:WMT) continued higher today up over 1% as there was good follow through from the breakout yesterday.

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Celgene Corporation (NASDAQ:CELG) bounced nicely off the 200 day MA. If it can clear the recent high of $71.75, I think it can get to the 50 day MA at $75

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FirstEnergy Corp. (NYSE:FE) was setting up nicely in this small consolidation pattern and I was expecting a breakout soon, however it seems as though it wants to continue consolidating. Looking at the technical chart the 20-day MA is moving up and hopefully this can provide some support in the next few days. I still like the stock here if it can hold that MA.

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

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22:15 | |

Monday, November 24, 2008 

Stock Picks and Trade Ideas for Tuesday - CREE, GOOG, WMT

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

WMT is facing strong resistance at the level of $53.84 ( 20 day-moving average ), and despite repeated attempts, it has failed to penetrate the resistance level decisively. If the stock moves above this strong resistance, more upsides up to $55.30 will open up. However failure to do so and break below the recent bottom support of $50 will have major bearish effects. Stay tuned on it.

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

CREE is currently in the third leg of the short-term bear market that began in middle of September. This down move has been halted around $14 area. But a fall below this support will force the short-term picture considerably. An exit is recommended if the stock moves below this support.

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

GOOG - This stock is trying to steady itself around the support at $250. A fall below this level will make the short-term outlook negative again and it will pave the way for a fall to $200. Hold the stock with a stop at $247.30.

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

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23:13 | |

Saturday, March 29, 2008 

Trade Ideas for Next week - JASO, ESV, WMT,JDSU, BIDU, RFMD, CREE

Chart courtesy of stockcharts

CREE - Long term uptrend. Still under correction. Stock has been pulling back on light volume and may find support at this trendline and the lower band. The technical chart looks positive as 50 day moving average has crossed on top of 200 day moving average around February to form Golden Cross.

Chart courtesy of stockcharts

RFMD - It seems to me that RFMD has been in a bear market since the start of the year and now it maybe ready to bounce off the current levels, but confirmation is required still. Its down from around $6 a share to around $2.50. In my honest opinion stock is looking very attractive at this point and volume also are telling us something, average daily volume has decreased nearly 50%. In addition, although the stock didn't perform well since January, we should see a rebound as the technical chart now shows positive momentum is back as MACD is now back above 0.

Chart courtesy of stockcharts

BIDU - The stock may face strong resistance at $254 ( 50-day moving average ), above it may test $271.90 ( 200-day moving average ) and thereafter it may test $280. All the trends in stock indicators are neutral or positive.

Chart courtesy of stockcharts

JDSU - The stock was confined to a narrow trading band between $13 and $14 and the price action last week was characterised by a good upward pattern. The share price is now perched just above the crucial support level at $13. A close below this level would spell weakness. This could result in a drop to the $12.50-$12.25 range subsequently. Hold with a stop-loss at $12.96. A close above $13.64 ( 200 dma ) would negate the bearish outlook and provide an upward momentum to JDS Uniphase.

Chart courtesy of stockcharts

WMT - After touching a high of $54.15, the stock turned weak on Tuesday. The outlook for the stock remains bullish. The stock appears on course to move to the target zone of the $51.30-51.24 range that was the previous resistance now has become the most important support.

Chart courtesy of stockcharts

ESV - The short-term trend has turned weak, as the stock closed below the stop-loss level of $60 The stock is likely to slide to the $57-58 range next week.

Chart courtesy of stockcharts

JASO - After a long up leg that brought prices from the March low of $12.17 to Friday highs of $19.15, the stock has gained nearly 60 percent. Can we open long positions now? Aggressive traders may open long positions and I really like the chart but at this level I would wait for a pull back before putting any cash to work.

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 weekend !!!

AC

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12:12 | |

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  • I'm a 44 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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