Hot stocks for Wednesday - Motorola and Trinity Industries, Inc.
( click to enlarge )TRN - The daily chart is showing signs of of strength again for the short-term. The momentum indicators are giving a buy and are moving into a positive zone. From a technical perspective the rally is back again as K line has just crossed on top over D line and stock is back above 5 day moving average, a positive signal. The short-term outlook would remain bullish as long as the price holds above the stop-loss level of 17.66. The stock could move to the immediate target zone at 18.80-19.10.
( click to enlarge )MOT - I have followed Motorola for while and over the last dayss I never seen so many buyers purchasing the stock. The volume over the recent days has dramatically increased. There are some days when the normal average volume is reached in the first two hours of trading, which mean someone is accumulating a huge amount of shares for the coming months. The On the balance indicator shows exactly this situation. Probably the turning point for Motorola is getting clearer and many people decided to readjust its own portfolios. I bet on Motorola for the short-term and medium term. The technical chart shows a very bullish sign as the stock is back on top of 10 day moving average. In addition K line is still above D line and MACD above 0, showing bull market. For now, expect a run up to next resistance area around $9.20. If the stock is able to cross it and sustain above it, then it might go to $9.45. Support lies around $8.51. Technically Bullish.
Other Stocks to Watch - ( Pattern is Bullish Engulfing )
LVS - LAS VEGAS SANDS CP
MGM - MGM MIRAGE
AA - ALCOA INC
AUY - YAMANA GOLD INC
HAL - HALLIBURTON CO HLDG CO
GG - GOLDCORP INC
SLW - Silver Wheaton
CVM - CEL-SCI Corp
EP - EL PASO CORP
COP - ConocoPhillips
CX - CEMEX S.A.
FLEX - Flextronics International
GILD - Gilead Sciences, Inc.
IAG - IAMGOLD CP
HMY - HARMONY GOLD MINING
EGO - ELDORADO GOLD CP
STLD - Steel Dynamics, Inc.
GGB - GERDAU USA
RIG - Transocean Ltd
CAT - Caterpillar Inc
CVX - Chevron
DHI - Horton DR Inc
ACI - ARCH COAL INC
CNO - CONSECO INC
RDC - ROWAN COS INC
ANR - ALPHA NATURAL RESOURCES
NOV - NATIONAL OILWELL INC
KWK - Quicksilver Resources
FST - FOREST OIL CORP
CIEN - CIENA Corporation
MEE - Massey Energy Co
MOS - Mosaic Co
WYNN - Wynn Resorts LTD
COMS - 3Com Corporation
DVN - Devon Energy Cp
CLF - CLEVELAND CLIFFS INC
YGE - Yingli Green Energy
CMC - COMMERCIAL METALS CO
EWC - WEBS Canada
TOL - TOLL BROTHERS INC
JDSU - JDS Uniphase Corporation
SAI - SAIC INC
OCNF - Ocean Freight
IVN - IVANHOE MINES LTD ORD
NOVL - Novell, Inc.
DNDN - Dendreon Corporation
TOT - Total Sa
UDR - UDR Inc
TEX - TEREX CORP
MAC - MACERICH CO
FISV - Fiserv, Inc
SYNA - Synaptics Incorporated
TIBX - TIBCO Software, Inc.
SVM - Silvercorp Metal
BG - BUNGE LTD
VMW - VMWARE INC CLASS A
BIDU - Baidu Inc
SUN - SUNOCO INC
ECL - ECOLAB INC
AMB - AMB Property Corp
ABAT - Buy It Cheap.com Inc
CREE - Cree, Inc.
ME - Mariner Energy Inc
MOLX - Molex Incorporated
RHT - Red Hat, Inc.
NSU - NEVSUN RESOURCES LTD
COG - CABOT OIL & GAS CORP
FMC - F M C CORP
SOL - Renesola Ltd
HOC - Holly Cp
PLL - PALL CORP
LAMR - Lamar Advertising
RY - ROYAL BANK OF CANADA
RGLD - Royal Gold, Inc.
SOA - Solutia Inc
ITRI - Itron, Inc.
IPI - Intrepid Potash Inc
TNDM - Neutral Tandem Inc
BARE - BARE ESCENTUALS
PETM - PETsMART, Inc.
KCI - KINETIC CONCEPTS INC
HLCS - Helicos BioSciences
CRR - CARBO CERAMICS INC
CRZO - Carrizo Oil & Gas
LNCR - Lincare Holdings Inc.
PL - PROTECTIVE LIFE CORP
DSX - DIANA SHIPPING INC
WRES - WARREN RESOURCES INC
FEED - AgFeed Industries Inc
AOD - ALPINE TOTAL DYNAMIC
DNN - Denison Mines
GPI - GROUP I AUTOMOTIVE INC
BMO - BANK OF MONTREAL
GNTX - Gentex Corporation
RJF - RAYMOND JAMES FNCL INC
WRC - Warnaco Group Inc
BRY - BERRY PETROLEUM CO
SLF - Sun Life Fincl Inc
Other Stocks to Watch - ( Pattern is Bearish Engulfing )
NOC - NORTHROP GRUMMAN CORP
HSY - Hershey Corp
SPCK - SUPERCLICK INC
CNXT - Conexant Systems, Inc.
VCGH - VCG HLDG CORP
PCAP - PATRIOT CAP FUNDING
HI - Hillenbrand Inc
QBC - Cubic Energy Inc
RSCR - Res-Care, Inc.
KCAP - Kohlberg Capital Corp
SUMR - Summer Infant Inc
TRUE - UnionBancorp, Inc
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
That's all Folks. See you tomorrow !!!
Cheers!
AC
