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Saturday, August 27, 2011 

Hot stocks to watch next week

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Dollar Tree, Inc. (NASDAQ:DLTR) hit a new 52-week high on Friday, trading as high as $70.62, before settling at a close of $70.46. I'll be watching the stock on Monday, looking for a follow through move. As long as the stock stay above $66.84, the bullish scenario still intact. Technical chart shows very strong bullish sign. First of all the stock is trading above both 50-day and 200-day moving average with both moving average pointing upwards. Then the MACD indicator is rising above "0" also indicating a buy. In addition, KD line still show the stock is on the positive swing. 

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CF Industries Holdings, Inc. (NYSE:CF) is now clearly in an impulsive wave upwards. If you are on board, there's nothing more to do but enjoy the ride. On the daily chart, the technical indicators show a continuation of the trend with MACD and RSI in the Bullish areas. Long-term investors may hold with a stop at $161.97 ( 13-Day SMA ). Let's keep an eye on her as i think momentum will pick up.

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Waste Connections, Inc. (NYSE:WCN) has broken out to all time highs again. The volume on Friday‚Äôs break was great. WCN 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 $32.09 would warrant a change in sentiment. 

The other stocks that I'm following :

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Looks ready for a bounce. FormFactor, Inc. (NASDAQ:FORM) is still oversold as evidenced by the stochastics and RSI. MACD Histogram shows a positive divergence from the price chart, so there is still some chance that the stock may test the $8.55 lvls in coming days.

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THQ Inc. (NASDAQ:THQI) - Signs of life continue to show on the technical indicators Slow Stochastic and MACD, but we need more strength than that to take this patient off life support.

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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

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  • 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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