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Saturday, March 26, 2011 

Stock Trade Ideas for the Week of March 28

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SINA Corporation (NASDAQ:SINA) has broken out to all time highs again. The volume on Friday’s break was decent, not great, so a sell-stop below $99.30 is probably a good idea. Anyway, SINA is now seeing blue skies as there is no resistance overhead. The technical chart is showing tremenous strength with KD rising and MACD above 0. In addition, both 50 day and 200 day are both rising showing the stock would be in bull market for a while. Only a close below $94.17 would warrant a change in sentiment.

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DryShips Inc. (NASDAQ:DRYS) - Share price is gathering momentum to the upside and the first objective is at $5.17. Additionally, the chart shows a MACD crossover, a bullish sign. Long-term investors may hold with a stop at $4.48.

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The PMI Group, Inc. (NYSE:PMI) has printed a bullish engulfing candlestick pattern on Friday. May be this is the right time to see a more significant rebound. The Bullish Engulfing is one of the more clear-cut two day bullish reversal patterns. The formation reflects buyers overtaking selling strength, and often precedes a continued rally in price. The technical daily chart is showing some bullish bias. Daily MACD has turned positive and KD line is indicating upward swing. If the surge can continue as the KD indicates, MACD may be pushed to above 0, indicating a buy. Keep PMI on your radar.

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Baidu.com, Inc. (NASDAQ:BIDU) looks strong enough to move forward. As expected, the stock broke up through the resistance at $131.90 last week accompanied by huge volume transacted. At this stage, further rally is still possible. The breakout signals a continuation of the prior advance. Even though I find the breakout bullish, I also find the stock a bit overextended. As long as $131.90 holds, this breakout is in great shape. The stock has the potential for a strong follow through, so watch it closely next week.

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Banner Corporation (NASDAQ:BANR) has been under accumulation for a couple days now. The volume on accumulation days consistently exceeded the volume on distribution days. That's a bullish sign. Note, too, that the daily on-balance volume shows a pattern of higher highs and higher lows.From a technical standpoint, the daily chart looks Bullish with both 20, 50 and 200 daily moving averages going up and MACD on top of 0, RSI is also moving up and above its 50% level. The big movement in the past few weeks tells me to be patient. I'd stay long and keep a stop just below $2.33. Keep BANR in your watchlist.

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Unusual volume in friday's trading session

RIMM - Research in Motion
SNWT - San West Inc
TDCP - 3DIcon Corporation
HDY - Hyperdynamics Corp
DSCM - drugstore.com, inc.
GSRE - Green Star Energies Inc.
ACN - Accenture Plc
PASO - Patient Access Solutions, Inc.
BIEL - BioElectronics Corporation
VLCO - ValCom Inc
CRVW - Ecogate Inc
EBIX - Ebix Inc
BSPM - Biostar Pharmaceutical
BLC - Belo Corp
GPOR - Gulfport Energy Corp
MBAH - M.B.A. Holdings, Inc.
END - Endeavor Intl
COOL - ConnectivCorp
CRGO - Cargo Connection Logistics Holding, Inc
ZLCS - CombinatoRx Inc
POSC - Positron Corp
AH - Accretive Health Inc
ZAGG - Zagg Incorporated
FAF - First American Corp
WDRP - Wanderport Corporation
TRID - Trident Microsystems
CRYP - Cryptologic Ltd
IMAX - Imax Corporation
NVLT - Novelos Therapeutics
CHRS - Charming Shoppes, Inc.
GIGM - GigaMedia Limited
GNBT - Generex Biotechnology
FOGC - Fortune Oil & Gas, Inc.
MJNA - Medical Marijuana Inc
AAPT - All American Pet Co
BSFT - Broadsoft Inc
ACTG - Acacia Research Corp
ACPW - Active Power, Inc.
BODY - Body Central Corp
CNIT - China Information S
GFRE - DiversiFax Inc

Earnings Announcements for Monday

AbitibiBowater Inc - ABH
Affirmative Insurance Holdings Inc - AFFM
Ambassadors International Inc - AMIE
American Electric Technologies Inc - AETI
American Spectrum Realty Inc - AQQ
Ameron International Corp - AMN
Ap Pharma Incorporated - APPA
Atrinsic Inc - ATRN
B&H Ocean Carriers Ltd - BHO
Bacterin International Holdings Inc - BONE
Berkshire Bancorp Inc - BERK
Biofuel Energy Corp - BIOF
Bluefly Inc - BFLY
Bluegreen Corp - BXG
Brooklyn Federal Bancorp Inc - BFSB
Cal Maine Foods Inc - CALM
Capital Trust Inc - CT
Cardium Therapeutics Inc - CXM
CCA Industries Inc - CAW
Central Federal Corp - CFBK
China Agritech Inc - CAGC
China Electric Motor Inc - CELM
China Ritar Power Corp - CRTP
Chromcraft Revington Inc - CRC
ClearOne Communications Inc - CLRO
Cleveland Biolabs Inc - CBLI
Commonwealth Bankshares Inc (Virginia) - CWBS
Community Central Bank Corp - CCBD
Comstock Homebuilding Companies Inc - CHCI
Concord Medical Services Hldg Ltd - CCM
Consumer Portfolio Services Inc - CPSS
Cosi Inc - COSI
CPEX Pharmaceuticals Inc - CPEX
Cybex International Inc - CYBI
Dara Biosciences Inc - DARA
Daxor Corp - DXR
Emergent Group Inc - LZR
Energy Incorporated - EGAS
Entremed Inc - ENMD
Fairpoint Communications Inc - FRP
FieldPoint Petroleum Corp - FPP
First Community Bank Corporation of America (FL) - FCFL
First West Virginia Bancorp Inc - FWV
Gentium SpA - GENT
Geokinetics Inc - GOK
Geomet Inc - GMET
Geopetro Resources Co - GPR
Gramercy Capital Corp - GKK
Graymark Healthcare Inc - GRMH
Greenhunter Energy Inc - GRH
GSI Group Inc - GSIG
Hallwood Group Inc - HWG
Helios & Matheson North America Inc - HMNA
Hemispherx Biopharma, Inc - HEB
Highpower International Inc - HPJ
Hollywood Media Corp - HOLL
HSW International Inc - HSWI
IGI Laboratories Inc - IG
Income Opportunity Realty Investors Inc - IOT
Industrial Services Of America Inc - IDSA
Infosonics Corp - IFON
Innotrac Corp - INOC
IVAX Diagnostics Inc - IVD
Jos A Bank Clothiers Inc - JOSB
KB Home - KBH
Livedeal Inc - LIVE
Medifast, Inc. - MED
Mgt Capital Investments Inc - MGT
Natuzzi SpA - NTZ
Neurogesx Inc - NGSX
New Concept Energy Inc - GBR
New Energy Systems Group - NEWN
Novavax Inc - NVAX
NTS Realty Holdings LP - NLP
Ohio Legacy Corp - OLCB
On Track Innovations Ltd - OTIV
Pacific Ethanol California Inc - PEIX
Penn Millers Holding Corp - PMIC
Pernix Therapeutics Holdings Inc - PTX
Pharmathene Inc - PIP
Phillips Van Heusen Corporation - PVH
Poniard Pharmaceuticals Inc - PARD
Presidential Life Corp - PLFE
Pressure BioSciences Inc - PBIO
Progress Software Corp - PRGS
Repros Therapeutics Inc - RPRX
Response Genetics Inc - RGDX
Rexahn Pharmaceuticals Inc - RNN
Rite Aid Corp - RAD
Servotronics Inc - SVT
Siebert Financial Corporation - SIEB
Skyline Corporation - SKY
SL Industries Inc - SLI
Southern Connecticut Bancorp Inc - SSE
Spherix Incorporated - SPEX
Sunesis Pharmaceuticals Inc - SNSS
Taitron Components Inc - TAIT
TearLab Corp - TEAR
THT Heat Transfer Technology Inc - THTI
Tiens Biotech Group (USA) Inc - TBV
TII Network Technologies Inc - TIII
Tofutti Brands Inc - TOF
Transcontinental Realty Investors Inc - TCI
Unico American Corp - UNAM
Universal Insurance Holdings Inc - UVE
W V S Financial Corp - WVFC
Westwood One Inc - WWON
Widepoint Corp - WYY
Willamette Valley Vineyards Inc - WVVI
Wuhan General Group (China) Inc - WUHN
Zanett Inc - ZANE

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.

Have a nice weekend,


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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.

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