-Financial Tools Futures Market--TRADE IDEAS-- OPTION ALERTS -BENZINGA PRO-

« Home | Stocks to Watch Next Week » | Solar stocks to watch on Friday » | Stocks to watch on Thursday Fev 25 » | Stocks to watch on Wednesday Fev 24 » | Stocks to watch on Tuesday Fev 23 » | Stocks to watch on Monday Fev 22 » | Trade Idea for Friday - Level 3 Communications » | Stocks to watch on Thursday Fev 18 » | Stocks to watch on Wednesday Fev 17 » | Stocks to Watch Next Week » 

Monday, March 01, 2010 

Hot stocks for Tuesday - Ariad Pharmaceuticals and The New York Times Company

( click to enlarge )

NYT - New York Times shares surged today more than 7% amid speculation that Mexican billionaire Carlos Slim was considering buying the influential media company and taking it private. The stock ended the day up $11.75 on heavy volume. NYT broke resistance and looks it wants to go much higher from here. I like the chart formation for NYT and I'm looking for a follow through move on Tuesday. Resistance reflects Monday’s high of $12.17 for the next move. The technical daily chart shows new rally has begun as %K line has crossed on top of %D line. Technically speaking the stock is painting now a “Bullish” picture.

( click to enlarge )

ARIA broke through one major resistance level located at $2.68 with heavy volume. It appears it will now be testing the $2.90-$2.94 price levels next for resistance. The technical chart shows very strong upward momentum as ARIA is trading above the 200 day moving average with both 50 day and 200 day moving average going up. At this point, I'm buyer only once it breaks through Monday’s high of $2.77 for the continuation move. The stock has a lot of upside room, so continue to watch the stock on Tuesday.

Earnings Announcements for Tuesday

Alon USA Energy Inc. - ALJ - (-1.11) - After Market Close
Bancolombia SA - CIB - 0.72 - Time Not Supplied
Bank Of Montreal - BMO - 1.07 - Time Not Supplied
CDC Software - CDCS - 0.34 - Time Not Supplied
China Nuokang - NKBP - 0.16 - Time Not Supplied
Cooper Tire & Rubber - CTB - 0.47 - Before Market Open
DIANA SHIPPING INC - DSX - 0.36 - Time Not Supplied
Hercules Offshore - HERO - (-0.27) - Before Market Open
HickoryTech - HTCO - 0.15 - Time Not Supplied
Hovnanian Enterprises, Inc. - HOV - (-0.45) - Time Not Supplied
Hypercom Corporation - HYC - 0.09 - Time Not Supplied
NACCO Industries - NC - 1.45 - After Market Close
PRG-Schultz International, Inc. - PRGX - 0.15 - Before Market Open
Staples, Inc. - SPLS - 0.39 - Time Not Supplied

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 !!!


Labels: ,

Bookmark and Share


About Me

  • I'm a 48 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.

  • Benzinga.com supporter

    Benzinga.com supporter


      Enter your email address:

      Delivered by FeedBurner

      Subscribe my feed :

    Support AC

    • Support AC Investor Blog, Donate with PayPal


      Interested in advertising on AC Investor Blog ? Click Here


    Site Information

    Stock Market Blogroll

    Friends BLOGROLL


Powered by Blogger
and Blogger Templates

Add to Google