Stock picks for Friday June 11

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JNPR did not make a big move today, but the chart still looks promising. On the dailly chart, RSI has climbed above 30, and the MACD histogram is threatening to cross above zero, indicating more strength to come in the stock. JNPR needs to take out $24.80, to get the ball rolling. I am buying the stock above this number and expect to see a follow through move. If buyers come into the stock, we could see it hit $27.10 very soon.

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I am keeping ROYL on the list for one more week, because it is due for a big breakout move. The short-term technical indicators are improving significantly. The RSI indicator is now rising above the 50 line, MFI is increasing, and Directional Movement +D1/-D1 has given a buy signal.

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FRPT faces significant resistance at $4.29, which it will have to overcome before attempting to surmount its 50-day moving average, currently at $5.07. RSI and MACD are both rising.

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YGE finally broke through its resistance level of $9.50 today, and looks ready to go higher. The stock was strong all day as it closed up $1 on 2x normal daily volume. The technical daily chart shows the stock is probably back to bullish run as the stock is now trading above 20-day moving average with MACD above 0 and %K line rising on top of %D line. On the upside, the next resistance lies at $10.30 and above at $10.86.

Other stocks to watch :

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

GDX - MKT VECT GOLD
GG - GOLDCORP INC
GFI - GOLD FIELDS LTD
TROW - T. Rowe Price Assoc
AU - Anglogold Ashanti L
MIL - MILLIPORE CORP
ACH - ALUMINUM CORP
CEL - Cellcom Isreal Ltd
CACI - CACI INTL INC

MACD Crossed above 0

COH - Coach Inc
NBR - Nabors Industries Inc
CHU - CHINA UNICOM LTD
NVLS - Novellus Systems, Inc.
PTEN - Patterson-UTI Energ
TJX - TJX COMPANIES INC
SYY - SYSCO CORP
NRG - NRG Energy Inc
K - KELLOGG CO
YUM - TRICON GLOBAL REST INC
INTU - Intuit Inc.
EOG - EOG Resourses
RRC - Range Resources Corp
CROX - CROCS INC
XCO - EXCO RESOURCES INC
SONS - Sonus Networks, Inc.
PWR - QUANTA SVCS INC
CVE - Cenovus Energy Inc
CRK - COMSTOCK RESOURCES INC
PDS - Precision Drilling
SEED - ORIGIN AGRITECH LIM
CHL - China Mobile ltd
TNE - Tele Norte Leste Pa
CLX - CLOROX CO
TAP - ADOLPH COORS CO
DRC - DRESSER-RAND GROUP INC
MENT - Mentor Graphics Cor
QCC - Quest Capital
CLRT - ChromaVision Medica
RES - R P C INC
MKC - MCCORMICK & CO INC
SUWN - SUNWIN INTL NEUTRAC
UUGRY - UNITED UTILITIES P L C
UNT - UNIT CORP
ROSE - ROSETTA RESOURCES
CNU - Continucare Corp
ACV - ALBERTO CULVER CO
TTC - TORO CO
THRX - THERAVANCE INC
BF.B - Brown-Foreman Class B
SBS - Co Saneamento ADS

List of stocks where MA 13 crossed above the MA 50 ( Bullish Cross ) on Thursday

SBUX - Starbucks Corporation
UAUA - UAL CORP
LDIS - LEADIS TECHNOLOGY INC
CAL - CONTINENTAL AIRLINES
UPL - ULTRA PETROLEUM CP
WRB - WR Berkley Corp
NHP - NATIONWIDE HLTH PRO
CLR - Continental Resources
GSIC - GSI Commerce, Inc.
AVGO - Avago Technologies
BBG - Bill Barrett Corp
IACI - IAC InterActiveCorp
CYBX - Cyberonics, Inc.
ABV - Companhia de Bebida
PAR - 3PAR Inc
TTC - TORO CO
WCN - Waste Connections Inc
ENZN - Enzon, Inc.
HMSY - Health Management S
PBEC - Pacific Blue Energy

List of stocks where MA 13 crossed below the MA 50 ( Bearish Cross ) on Thursday

KERX - Keryx Biopharma
TIBX - TIBCO Software, Inc.
CAVM - Cavium Networks Inc
SWHC - Smith & Wesson
ANTS - Ants Software Inc
CBEY - Cbeyond Inc
IFLG - InfoLogix Inc
FSR - Flgstn Reins Hld
ECPG - Encore Capital Group
CTS - C T S CORP
RCRC - RC2 Corporation
SUI - SUN COMMUNITIES INC
WSBC - WesBanco, Inc.
CFI - CULP INC
NBB - Nuveen Build Americ
SGU - STAR GAS PARTNERS L P
BLLN - Advanced Technology
ERI - Emrise CXDC - NB Telecom Inc
STMP - Stamps.com Inc.
SLTZ - American United Glo
AMWD - American Woodmark C

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: FRPT, JNPR, ROYL, YGE