AC Investor Blog

My Watchlist for Tuesday, December 06

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Exxon Mobil Corporation (NYSE:XOM) Still on my swing long list. Setting nicely for a breakout.

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Dynavax Technologies Corporation (NASDAQ:DVAX) made a strong move to the upside, closing near the highs. The stock is setting up to break out and has one more level to go, which is $5.30. A considerable short covering rally could be seen.

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Lipocine Inc (NASDAQ:LPCN) may finallybe ready to break higher above the 3.90 resistance level after a strong close today. Looking at the chart, indicators are flashing bullish signals. The MACD indicator is slightly negative but is rising above its signal line, while RSI is also rising. Nearest resistance for the stock is at $3.90. If this level is crossed and the stock is able to sustain above this level, then it might go to $5.75.

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ProNAi Therapeutics Inc (NASDAQ:DNAI) displayed some impressive relative strength today on volume with a 8% gain. On the technical side, MACD and RSI all point to upward trend. The stock broke and closed above the EMA20 for the first time in weeks and should continue to move. DNAI has a lot of upside potential, so watch it closely on Tuesday.

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Sarepta Therapeutics Inc (NASDAQ:SRPT) bounced nicely off the EMA200 and the shares look like they have some momentum. In my opinion, further upside potential exists to about 37.27, but today's reversal could be a significant turn.

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CoLucid Pharmaceuticals Inc (NASDAQ:CLCD) Looking for a breakout here.

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Geospace Technologies Corporation (NASDAQ:GEOS) is still trading around the $20 level, which has been a strong resistance over the past several weeks. I plan to buy the stock if it can break the 22.54 resistance level. The trend is still up.

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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: CLCD, DNAI, DVAX, GEOS, LPCN, SRPT, XOM

22:28 | Permalink |

My Watchlist for Monday, December 05

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ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) broke out of a four month sideways trend between 5.25 and 6.25 one month ago and over the last four weeks has tested the breakout area successfully on two occasions suggesting the stock may be ready to move higher. Plus, the 50-day EMA has crossed over the 100-day EMA for the first time in months, signaling a medium-term bullish trend. With the 50-day EMA holding as support, I'm looking now for price to briefly retest the 7.50 zone. Additionally, there was an unusually high call options activity on Friday (strike Dec $8), which could be a signal of good things to come. The next buy point would be when it breaks over 6.50 on heavy volume, while immediate support has moved up to $6.01.

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IntelliPharmaCeutics Intl Inc (NASDAQ:IPCI) The stock last week broke out of a descending channel on hourly, after testing support in the $2.7/2.75 region and is now facing resistance at 2.89 area. A break and close above opens the way towards 3.35. From a technical standpoint, the hourly RSI has turned up and is quickly approaching the mid line. The hourly MACD also crossed above its signal line last week. These are positive signals for the stock. $2.89 is the pivot level to watch next week. Im long. I think we could retest the recent highs (3.35) and possibly break upwards some more.

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ContraVir Pharmaceuticals Inc (NASDAQ:CTRV) is a stock that deserves some attention over the coming sessions, for a potential reversal. I see CTRV on verge of breaking up out of this compression. My short-term indicators have signaled buy with bullish divergences, thus we can expect stock to get above the 2.18 level sometime next week.

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Shares of Exxon Mobil Corporation (NYSE:XOM) tried to break out last week but failed. At this point the stock remains bullish as price is above all EMAs and MACD is rising above 0. $88.59 is the pivot level to watch next week. Wait for the break to enter long. You can see my full article about XOM HERE.

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Syntel, Inc. (NASDAQ:SYNT) is a low volume medium cap that may be poised to move higher. Momentum indicators are displaying positive divergences. Plus, insiders have been buying shares lately. If the stock can get above 20.47, it would likely start to create a short covering as the short % of float is about 9% currently.

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Northern Dynasty Minerals Ltd (NYSEMKT:NAK) had a very bullish move on Friday breaking several resistance lines with large volume. Breakout watch over 1.55.

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Cempra Inc (NASDAQ:CEMP) regained the 13-day exponential average for the first time in over six weeks. This is a stock that could head higher from Friday's close. Watch for continuation.

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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: CEMP, CTRV, IPCI, NAK, SYNT, XOM, ZIOP

19:30 | Permalink |

Stocks to Watch for April 15, 2014

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Gran Tierra Energy Inc. (NYSEMKT:GTE) Nice Bullish Engulfing Candle today. It may be on the verge of making a nice move higher from here. Possible long entry over 7.73. The technical indicators are looking bullish. The RSI is rising above its 50% level and MACD remains in positive territory. All five EMAs are rising and the stock is trading above them. If 7.73 gets breached, GTE can rise to 8

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Exxon Mobil Corporation (NYSE:XOM) looks like it has broken the bull flag formation which is drawn up by the white lines in the chart above. Wait for a follow through day to see if Bullls have regained control.

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Caterpillar Inc. (NYSE:CAT) is still consolidating and may still have a chance to move higher here. Long entry is at 103.72

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Pioneer Natural Resources (NYSE:PXD) RSI, MACD, EMAs and Stochastics suggest that the stock may face a short/medium term upward movement. If it breaks through 196.13, this stock could accelerate higher.

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: CAT, GTE, PXD, XOM

22:23 | Permalink |

Stocks to Watch for January 8, 2014

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Tripadvisor Inc (NASDAQ:TRIP) broke out today above its short-term exp moving averages with a strong bullish engulfing candle. The stock price is showing increasing strength on the MACD, RSI and Slow Stochastic. At this point, the next key technical levels that traders should be watching are 87.6 and 90. The short interest is around 20%. Long setup.

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MELA Sciences Inc (NASDAQ:MELA) what a nice rally late in the day. I have to believe, that this rally will resume in earnest at the open on Wednesday. We saw today a big jump on high volumes. Unusual volume can be a strong signal that momentum traders are piling into MELA ahead of a catalyst. The accumulation/distribution line reveals a very strong buying pressure and MACD shows a significant uptrend. I believe that this is the first sign of a change in trend of the stock sentiment. I would not be surprised if the stock tests the 84c level before the week ends. Keep on watch.

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Nuance Communications Inc. (NASDAQ:NUAN) looks primed for a run. Waiting for a break above the 15.43 level for a long position. Price will continue to move up, as long as it sustains above the 20-day exp moving average. Technicals look bullish.

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Exxon Mobil Corporation (NYSE:XOM) Keep this one on watch, the stock price could be setting up to break out.

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Vipshop Holdings Ltd - ADR (NYSE:VIPS) is setting up for another big run. Keep on watch to break out to new highs. MACD is heading upwards in positive territory.

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: MELA, NUAN, TRIP, VIPS, XOM

22:28 | Permalink |

Stocks to Watch for October 10, 2013

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EnteroMedics Inc (NASDAQ:ETRM) has the perfect set up to make a big run. This is a stock that many traders already have on their radar. With a little push at current levels, we could see some amazing momentum, followed with potential stock price appreciation. Given the fact the stock price closed today at $1.29, I think it's safe to say that I like the upside potential relative to the price target of Canaccord ! On Tuesday, Canaccord Genuity reiterated its Buy rating and raised the price target to $3 from $1.50. As more and more investors discover this report, the more and more the excitement around the stock should rise. From a technical standpoint, indicators are suggesting bullish conditions. The Slow Sto and the RSI are above their 50% levels and rising. The MACD is above the signal line and positive. In addition, OBV is moving higher, suggesting steady buying pressure. Blue skies beyond $1.43.

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Elan Corporation, plc (NYSE:ELN) continued to show strength and is still worth watching. Holding up nicely here, consolidating gains after a nice rally. Looks good.

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Amazon.com, Inc. (NASDAQ:AMZN) broke its 50-day EMA today on solid volume, next support at $292.83.

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Exxon Mobil Corporation (NYSE:XOM) If the stock breaks this KEY support line on volume, I will be taking a short position. XOM is trading below its falling 20-day and 50-day EMAs. All major technical indicators are bearish. The MACD is below it signal line, deep inside negative territory and the RSI is also below its 50% level, but trying to rise. Expect a test of key support in coming sessions.

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Facebook Inc (NASDAQ:FB) Technical indicators are looking weak now. The MACD is below its signal line in positive territory and RSI is about to cross below 50% level. The stock needs to regain its 20-day EMA tomorrow or things could get very ugly.

During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog twitter and newsletter, so you can receive my trade ideas and stock news in real time.

Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.

Thanks for visiting AC Investor Blog.

AC

Labels: AMZN, ELN, ETRM, FB, XOM

22:40 | Permalink |

Setups Worth Watching

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Abercrombie & Fitch Co.(NYSE:ANF) - The stock finally broke out today after consolidating in rounding bottom formation over the last four months. The stock is expected to find its first resistance at 55.28, and a rise through could take it to the next resistance level of 56.84. We saw significant option activity on march calls today.

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Exxon Mobil Corporation (NYSE:XOM) is trading in a range between 87.50 and 83 for several weeks. As long as 83 support holds, the price action in the range could be treated as consolidation of the uptrend. On the other side, a breakdown below 83 will indicate that lengthier correction of uptrend is underway, then deeper decline could be seen to 82 area.

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WellPoint, Inc. (NYSE:WLP) - A break above the 68 level would give the stock momentum for a run to test the 70. A pullback to the 66 area would also be a great oportunity to buy on pullback for those who want to trade the swings.

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LSI Corporation (NYSE:LSI) broke out to all time highs accompained by a strong volume suggesting higher levels. The stock hit a high of $9.20 which is now resistance for Thursday’s follow through move.

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Sirius XM Radio Inc (NASDAQ:SIRI) - Looking for a rebound on this dip to support area. Decreasing volume in a pullback, as we are seeing here, signals profit taking instead of fresh selling. In other words, the stock just needs to shake the weak longs before climbing further, thereby staying in an uptrend.

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: ANF, LSI, SIRI, WLP, XOM

21:53 | Permalink |

Top Trade Ideas for Wednesday, February 23

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Rambus Inc. (NASDAQ:RMBS) broke its short-term uptrend line support and %K has crossed below %D line, indicating further declines. Nevertheless, the stock could find some support here near of its 50-day moving average, but the trend is now in favor of Shorts. Let's keep an eye on it.

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Exxon Mobil Corporation (NYSE:XOM) broke through resistance at $84.85 accompanied with high volume. We should be able to see some decent upside movement for the bulls here. Technical indicators such as Stochastics and MACD also show buy signal as %K line is on top %D line and MACD is on top of signal line.

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JPMorgan Chase & Co. (NYSE:JPM) is back at the breakout area and may find support here. I'm Bullish on stock.

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Web.com Group, Inc. (NASDAQ:WWWW) looks to be forming a bullish flag here. Buy point is on the day it breaks the upper line on heavy volume.

Earnings Announcements for Wednesday

A. T. Cross Company - ATX
Adolor Corporation - ADLR
American Dental Partners - ADPI
American Equity Investment Life Holding Co. - AEL
American Railcar Industries Inc - ARII
American Tower Corp. - AMT
Avago Technologies, Inc. - AVGO
AXT Inc - AXTI
B COMMUNICATIONS LTD - BCOM
Baltic Trading Limited - BALT
Bancroft Convertible - BCV
Bassett Furniture Industries - BSET
Berry Petroleum Company - BRY
Bill Barrett Corporation - BBG
BioScrip - BIOS
Brookdale Senior Living Inc. - BKD
Bruker Corporation - BRKR
California Water Service Group - CWT
Caliper Life Sciences - CALP
CARIBOU COFFEE CO INC - CBOU
Central European Media Enterprises - CETV
Charles & Colvard - CTHR
Charm Communications Inc. - CHRM
Chico's FAS, Inc. - CHS
China Cord Blood Corp - CO
CITIZENS & NORTHN CORP - CZNC
CKX LANDS INC - CKX
Clean Harbors - CLH
CONCHO RES INC - CXO
Continental Resources, Inc. - CLR
CoStar Group - CSGP
Cristalerias de Chile S.A. - CGW
Daktronics - DAKT
Dana Holding Corporation - DAN
Deltic Timber - DEL
Denbury Resources Inc. - DNR
Dollar Tree Stores - DLTR
Dresser-Rand Group Inc. - DRC
Duff & Phelps Corporation - DUF
DURECT Corporation - DRRX
Dyax Corp. - DYAX
Eaton Vance Corp. - EV
ECHO GLOBAL LOGISTICS INC - ECHO
Employers Holdings, Inc - EIG
Equity One - EQY
Evergreen Solar, Inc. - ESLR
EXCO Resources, Inc. - XCO
FARO Technologies - FARO
Federal Signal - FSS
Federal-Mogul Corporation - FDML
First Industrial Realty Trust - FR
FLEETCOR TECHNOLOGIES INC - FLT
Flowserve Corporation - FLS
Fluor Corporation - FLR
FNB United Corp. - FNBN
Franklin Street Properties - FSP
Frontier Communications Corporation - FTR
Garmin Ltd. - GRMN
Genco Shipping & Trading Limited - GNK
Global Crossing - GLBC
Global Industries - GLBL
Golden Star Resources Ltd. - GSS
GOLFSMITH INTL HLDGS INC - GOLF
Granite City Food & Brewery Ltd. - GCFB
Granite Construction - GVA
Great Basin Gold - GBG
Great Wolf Resorts, Inc. - WOLF
GRUMA, S.A.B. de C.V. - GMK
Grupo Aeroportuario del Sureste (ASUR) - ASR
GulfMark Offshore - GLF
Hansen Medical, Inc. - HNSN
Helix Energy Solutions Group, Inc. - HLX
Hersha Hospitality Trust - HT
HOMEOWNERS CHOICE INC - HCII
HSN, Inc. - HSNI
IDACORP, Inc. - IDA
Image Sensing System - ISNS
IMPERIAL HLDGS INC - IFT
Insignia Systems - ISIG
Integrys Energy Group, Inc. - TEG
INTERCLICK INC - ICLK
InterDigital - IDCC
Interface - IFSIA
Internet Gold - IGLD
INTREPID POTASH INC - IPI
ISTA Pharmaceuticals, Inc. - ISTA
Jack in the Box - JACK
Kadant Inc. - KAI
KAR Auction Services, Inc. - KAR
KKR & Co. L.P. - KKR
Lamar Advertising Co. - LAMR
LaSalle Hotel Properties - LHO
Limited Brands - LTD
Lithia Motors, Inc. - LAD
Lowe's Companies - LOW
LTC Properties - LTC
LUMBER LIQUIDATORS HLDGS INC - LL
Macquarie Infrastructure CompanyMIC
Magna International Inc. - MGA
ManTech International Corporation - MANT
MasTec - MTZ
McGrath Rentcorp - MGRC
MEDIDATA SOLUTIONS INC - MDSO
MERCADOLIBRE INC - MELI
National CineMedia Inc. - NCMI
NATIONAL INTERSTATE CORP - NATL
Navios Maritime Holdings - NM
Neenah Paper, Inc. - NP
NetEase.com Inc - NTES
Nicor Inc. - GAS
North American Palladium - PAL
Northwest Pipe Co. - NWPX
NuVasive, Inc. - NUVA
OCEAN SHORE HLDG CO NEW - OSHC
Onvia.com, Inc. - ONVI
Onyx Pharmaceuticals - ONXX
ORCHIDS PAPER PRODS CO DEL - TIS
Papa Johns International, Inc. - PZZA
Parker Drilling - PKD
Partner Communications - PTNR
Penn Virginia - PVA
Pennsylvania Real Estate Investment Trust - PEI
PETSEC ENERGY LIMITED - PSJ
POLYPORE INTL INC - PPO
Priceline.com - PCLN
ProAssurance Corporation - PRA
QEP Resources, Inc. - QEP
Quanta Services - PWR
Questcor Pharmaceuticals, Inc. - QCOR
RailAmerica, Inc. - RA
RCM Technologies - RCMT
Redwood Trust, Inc. - RWT
Republic Airways Holdings Inc. - RJET
SCIQUEST INC - SQI
Senior Housing Properties Trust - SNH
SJW - SJW
SkyWest - SKYW
SoundBite Communications, Inc. - SDBT
SOURCEFIRE INC - FIRE
Sovran Self Storage - SSS
STEALTHGAS INC - GASS
Steiner Leisure - STNR
Stone Energy - SGY
Strategic Diagnostics - SDIX
Strategic Hotels and Resorts - BEE
SULPHCO INC - SUF
Superior Energy Services - SPN
SuperMedia Inc. - SPMD
Supreme Industries Inc - STS
Synovis Life Technologies, Inc. - SYNO
Talecris Biotherapeutics Holdings Corp. - TLCR
Taser International, Inc. - TASR
Tenaris, S A - TS
Tengion, Inc. - TNGN
The Dolan Company - DM
The TJX Companies, Inc. - TJX
The Washington Post Company - WPO
Tim Hortons Inc. - THI
Toll Brothers - TOL
TOR Minerals International - TORM
TORTOISE ENERGY CAP CORP - TYY
Transocean LTD. - RIG
Tsakos Energy Navigation Limited - TNP
Tyler Technologies - TYL
United Online Inc. - UNTD
USA Mobility - USMO
Volcano Corporation - VOLC
Vornado Realty Trust - VNO
VRINGO INC - VRNG
WebMD Health - WBMD
WESTERN GAS PARTNERS LP - WES
Whiting Petroleum Corp. - WLL
WHITING USA TRUST I - WHX
YAMANA GOLD INC - AUY
YPF SOCIEDAD ANONIMA - YPF
Zale Corporation - ZLC

Unusual volume in today's trading session

EMXC - eMax Holdings Corp.
VCTY - Videolocity International, Inc.
LLEG - Laidlaw Energy Group, Inc.
CLDA - Novitron Internatio
BLOAQ - Blockbuster Inc
IDGI - Inca Designs, Inc.
DCTH - Delcath Systems, Inc.
MENT - Mentor Graphics Corporation
SKTO - SK3 Group Inc.
ZRAN - Zoran Corporation
APRI - Nexmed Inc
ASFZ - ASSOC FIRST CAP CORP
SECI - Sector 10 Inc
EGYF - Energy Finders, Inc.
FEEC - FAR EAST ENERGY CORP
FONR - Fonar Corporation
MMGP - MM2 Group, Inc.
GPL - Grat Panter Slvr
TUFF - Tuffnell Ltd
ROIAK - Radio One, Inc.
INKN - Shrink Nanotechnology
SSTP - Sustainable Power Corp.
SIGA - SIGA Technologies Inc.
XYNH - Xynergy Holdings, Inc.
IRDM - Iridium Comm Inc
GGCRF - Silvermex Res
VPER - Viper Networks Inc.
DAKT - Daktronics, Inc.
TLGD - Tollgrade Communication
BCLI - GOLDEN HAND RES INC
HYSR - Hypersolar Inc
ETEV - Ethos Environmental
PCCLF - Phoscan Chemical Corp
COIB - Computerized Thermal Imaging Inc.
CZICF - Canadian Zinc Corp.
EVRRF - EVERTON RESOURCES IN
WLK - WESTLAKE CHEMICAL CP
BRVO - Bravo! Brands Inc.
MSMY - MC Endeavors Inc
UPCO - McNab Creek Gold Corp
TTHI - Transition Therapeutics
UDHI - Union Dental Holdings Inc.
ANO - Anooraq Resources Corp
DRGV - Dragon Capital Group Corp.
BMOD - BIOMODA INC

New 52-week High stocks

CHK - CHESAPEAKE ENERGY CORP
XOM - EXXON MOBIL CORP
HD - HOME DEPOT INC
CVX - Chevron
SU - SUNCOR ENERGY INC
COP - ConocoPhillips
UNH - UNITEDHEALTH GROUP INC
SLB - SCHLUMBERGER LTD
NBR - Nabors Industries Inc
PM - Philip Morris International
APC - ANADARKO PETROLEUM
BHI - BAKER HUGHES INC
VFC - V F CORP
CNQ - Canadian Natural Resources
HUM - HUMANA INC
DTV - Directv A
DNR - DENBURY RESOURCES INC
TRV - The Travelers Co

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: JPM, RMBS, WWWW, XOM

22:25 | Permalink |

Trade Ideas for Thursday - Oracle and Exxon Mobil

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

XOM - Unfortunately the stock is still looking for a bottom. It has recently broken support at 68. Looking closely at the chart, it has not only broken an important support, but it has also broken a large symmetrical triangle that has been formed since the start of the stock’s decline February 2009. Currently 20 day MA is acting as a resistance. I expect price to move downwards to 64 and there is still a possibility of reaching 63-62 price level. The technical daily chart shows the stock is still weak, trading below 50 day and 200 day moving average while K line is falling below D line.

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

ORCL - The technical daily chart above is showing mixed signal as MACD indicate bull market as MACD is on top of signal line while KD and ROC still shows weak signal as K line is below D line and ROC is back at overbought level. The short term trend still looks bullish as the stock is still above 50 day and 200 day moving average, however fresh exposures may be avoided for the moment. A close below 18.36 would be an early sign of weakness and a drop below 18.25 would impart weakness.

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: ORCL, XOM

22:00 | Permalink |

Stock Picks and Trade Ideas for Friday - RIMM, XOM, JPM

Chart courtesy of stockcharts ( click to enlarge )

JPM - The price action was confined to a narrow trading zone this week. The stock, however, recorded a modest upward move on Thursday. JPM is likely to consolidate with downside risk tomorrow as both the daily MACD and stochastic indicators are bearish, but any close above the immediate resistance level at $41.25 would trigger an uptrend. Stay tuned on it.

Chart courtesy of stockcharts ( click to enlarge )

XOM - The stock is in a Bearish mode with MACD below signal line and the price below both 50 and 200 day moving averages. Long positions may be considered only on a close above $71.51, with a stop-loss at $59.17. A close below this level could push the stock to the $57-$56 range.

Chart courtesy of stockcharts ( click to enlarge )

RIMM - MACD Crossed up. Fast line crossed the slow line from down to up. The share price is likely to move to the target zone of the $68-$70 range. Remain invested with a stop-loss at $52.50. I'm short-term bullish and long-term bearish.

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: JPM, RIMM, XOM

05:35 | Permalink |

Stock Picks and Trade Ideas for Tuesday - JAS, JAVA, AAPL, LDK, XOM

Chart courtesy of stockcharts ( click to enlarge )

XOM - The overall outlook for the stock appears bullish. Only a close below $78.71 ( 50-day moving average ) would negate the bullish outlook for the stock. A close above $82 would reinstate short-term bullish trend that could propel the stock to the next target zone of $84.33-85.47. Technicals are bullish ( MACD , KD , RSI ) signaling sideways to higher prices in the near term.

Chart courtesy of stockcharts ( click to enlarge )

LDK closed lower on Monday however posted a smart recovery off the lows. Technicals are now in oversold territory signaling sideways to lower prices in the near term. At this point, a drop below $37.65 ( 200-day moving average ) would impart bearish trend. Bulls could remain invested with a stop loss at $37.50.

Chart courtesy of stockcharts ( click to enlarge )

AAPL closed sharply lower on Monday to $131.05 as the decline continues. The low-range close sets the stage for a steady to lower opening on Tuesday. Technicals are oversold but remain neutral to bearish signaling sideways to lower prices are possible in the near term. Next support for the stock is $127 and $120.68 levels. Only a close above $144.20 will reverse the current downtrend.

Chart courtesy of stockcharts ( click to enlarge )

JAVA - The near-term trend is bearish and the drop below $8.32 confirmed the weak outlook. $7.56 is a crucial level. Breakdown will result in a greater fall.

Chart courtesy of stockcharts ( click to enlarge )

JAS is forming a rising wedge (bearish pattern) on daily chart with a likely target of around $20. It will be interesting to see if market touches $26 or perhaps even $27 in the coming days before a good fall. For now, be cautious on all up moves and keep a close eye on the wedge. The moment the wedge is broken, expect good correction.

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 Monday !!!

AC

Labels: AAPL, JAS, JAVA, LDK, XOM

21:13 | Permalink |

AC Investor Blog

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

Monday, December 05, 2016

My Watchlist for Tuesday, December 06

Saturday, December 03, 2016

My Watchlist for Monday, December 05

Monday, April 14, 2014

Stocks to Watch for April 15, 2014

Tuesday, January 07, 2014

Stocks to Watch for January 8, 2014

Wednesday, October 09, 2013

Stocks to Watch for October 10, 2013

Wednesday, March 14, 2012

Setups Worth Watching

Tuesday, February 22, 2011

Top Trade Ideas for Wednesday, February 23

Wednesday, April 15, 2009

Trade Ideas for Thursday - Oracle and Exxon Mobil

Friday, October 17, 2008

Stock Picks and Trade Ideas for Friday - RIMM, XOM, JPM

Monday, September 22, 2008

Stock Picks and Trade Ideas for Tuesday - JAS, JAVA, AAPL, LDK, XOM

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