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Monday, October 31, 2011 

Five Turnaround Stocks With Breakout Potential

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Oclaro, Inc. (NASDAQ:OCLR) pulled back today on low volume after last week's nice run. To be bearish on OCLR, this pullback requires more volume to support that move. The technical indicators are looking better now for the stock. The MACD indicator has moved above its signal line and stochastic chart is still in bullish territory. In addition, ADX is beginning to move up and this coincides with the gain in momentum. Support is at $3.87 level and resistance is at $4.37 level. So long as the stock stays above its 50-day moving average, the bulls are safe. Oclaro still bullish in the short-term - Buy on Pullback.

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The technical chart of Sky mobi Ltd (NASDAQ:MOBI) is showing positive signs of further strength. The ADX value is increasing and above the 30 level and +DI is above the –DI indicating development of strong up trend. The MACD indicator is also above its signal line indicating further strength may be possible. The Price momentum is likely to continue if the MACD indicator can stay above its signal line for the next few trading days. If the stock continues moving to the upside, next resistance lies at 6.55, 6.80 and 7.40. To the downside, support levels lie at 5.33, 5 and 4.71.

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SIGM is a candidate to be traded in breakout mode. The technical indicators are looking better for the stock with MACD indicator above its sell signal line, %K line on top of %D line and RSI indicator moving up from the 50 level.  Sigma Designs, Inc. (NASDAQ:SIGM) is one for the bottom pickers. Upside volume is picking up and a rounding bottom is taking shape. Keep an eye for a possible breakout over $8.63.

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There appears to be marginal downside risk on ADTRAN, Inc. (NASDAQ:ADTN) from prevailing levels. The near-term trend is bullish and a move to the 34.75-36.40 range appears likely. The overall trend appears really positive.
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ShoreTel, Inc. (NASDAQ:SHOR) has recovered nicely and can potentially set-up very well for a swing-trade if the stock breaks through the resistance level at $5.90. There could be good upside in this trade, so watch SHOR closely on Tuesday.

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Other stocks to watch :

US Earnings Calendar for Tuesday, November 1

A H Belo Corp - AHC
A M Castle and Co - CAS
Actuate Corp - BIRT
Advanced Energy Industries Inc - AEIS
Akorn Inc - AKRX
Alnylam Pharmaceuticals Inc - ALNY
Alphatec Holdings Inc - ATEC
Alterra Capital Holdings Ltd - ALTE
Altra Holdings Inc - AIMC
Amedisys Inc - AMED
American Capital Ltd - ACAS
American Tower Corp - AMT
Amerisafe Inc - AMSF
AmerisourceBergen Corp - ABC
Amicus Therapeutics Inc - FOLD
Amtrust Financial Services Inc - AFSI
Amyris Inc - AMRS
Anthera Pharmaceuticals Inc - ANTH
Applied Micro Circuits Corp - AMCC
Archer-Daniels-Midland Co - ADM
Aspen Technology Inc - AZPN
Asset Acceptance Capital Corp - AACC
Atmel Corp - ATML
AtriCure Inc - ATRC
Audiocodes Ltd - AUDC
Axis Capital Holdings Ltd - AXS
Baker Hughes Inc - BHI
Baltic Trading Ltd - BALT
BancTrust Financial Group Inc - BTFG
Bank of the Carolinas Corp - BCAR
Big 5 Sporting Goods Corp - BGFV
Bio-Rad Laboratories Inc - BIO
Biomed Realty Trust Inc - BMR
Black Box Corp - BBOX
Blackbaud Inc - BLKB
Boston Beer Co Inc - SAM
BRE Properties Inc - BRE
Bridgepoint Education Inc - BPI
Btu International Inc - BTUI
Cal Dive International Inc - DVR
Campus Crest Communities Inc - CCG
Capital Trust Inc - CT
Cardiovascular Systems Inc - CSII
Cascade Microtech Inc - CSCD
Catalyst Health Solutions Inc - CHSI
CBL And Associates Properties Inc - CBL
Cerus Corp - CERS
CF Industries Hldg Inc - CF
Charles River Laboratories International Inc - CRL
Charter Communications Inc - CHTR
Checkpoint Systems Inc - CKP
Chemtura Corp - CHMT
Chesapeake Lodging Trust - CHSP
Citizens And Northern Corp - CZNC
CME Group Inc - CME
Cobalt International Energy Inc - CIE
Codexis Inc - CDXS
Cognex Corp - CGNX
Community West Bancshares - CWBC
CommVault Systems Inc - CVLT
Concurrent Computer Corp - CCUR
Convergys Corp - CVG
Corinthian Colleges Inc - COCO
CorVel Corp - CRVL
Cray Inc - CRAY
Csg Systems International Inc - CSGS
DCT Industrial Trust Inc - DCT
Denny's Corp - DENN
Depomed Inc - DEPO
DigitalGlobe Inc - DGI
Discovery Communications Inc - DISCA
Dole Food Co Inc - DOLE
Dollar Thrifty Automotive Group Inc - DTG
Douglas Emmett Inc - DEI
Duff and Phelps Corp - DUF
Dunkin Brands Group Inc - DNKN
DuPont Fabros Technology Inc - DFT
Dynamic Materials Corp - BOOM
Dynamics Research Corp - DRCO
Dynex Capital Inc - DX
Emerson Electric Co - EMR
Entercom Communications Corp - ETM
Entergy Corp - ETR
Eog Resources Inc - EOG
Exactech Inc - EXAC
EXCO Resources Inc - XCO
Expeditors International Of Washington Inc - EXPD
Exterran Holdings Inc - EXH
Federal Signal Corp - FSS
Felcor Lodging Trust Inc - FCH
Fidelity National Information Services Inc - FIS
FirstEnergy Corp - FE
Fiserv Inc - FISV
Franklin Street Properties Corp - FSP
Freightcar America Inc - RAIL
Fresh Del Monte Produce Inc - FDP
Furiex Pharmaceuticals Inc - FURX
G&K Services Inc - GKSR
Gartner Inc - IT
Gasco Energy Inc - GSX
Gaylord Entertainment Co - GET
Genco Shipping And Trading Ltd - GNK
Generac Holdings Inc - GNRC
General Moly Inc - GMO
Genesee & Wyoming Inc - GWR
Genomic Health Inc - GHDX
GeoEye Inc - GEOY
Gevo Inc - GEVO
Giant Interactive Group Inc - GA
Gladstone Commercial Corp - GOOD
Government Properties Income Trust - GOV
Guidance Software Inc - GUID
Hain Celestial Group Inc - HAIN
HCA Holdings Inc - HCA
HCC Insurance Holdings Inc - HCC
Headwaters Inc - HW
Healthcare Realty Trust Inc - HR
Henry Schein Inc - HSIC
Hertz Global Holdings Inc - HTZ
Hickory Tech Corp - HTCO
Higher One Holdings Inc - ONE
Hudson Highland Group Inc - HHGP
Hutchinson Technology Inc - HTCH
Impax Laboratories Inc - IPXL
Innospec Inc - IOSP
Insperity Inc - NSP
Investors Title Co - ITIC
IPG Photonics Corp - IPGP
Ista Pharmaceuticals Inc - ISTA
Jack Henry & Associates Inc - JKHY
Jazz Pharmaceuticals Inc - JAZZ
John Bean Technologies Corp - JBT
Kaiser Federal Financial Group Inc - KFFG
Kenexa Corp - KNXA
Key Tronic Corp - KTCC
kforce Inc - KFRC
Kimball International Inc - KBALB
L.B. Foster Co - FSTR
Leapfrog Enterprises Inc - LF
Lexicon Pharmaceuticals Inc - LXRX
Looksmart Ltd - LOOK
Luminex Corp - LMNX
Macerich Co - MAC
Mantech International Corp - MANT
Marathon Oil Corp - MRO
Marathon Petroleum Corp - MPC
Martha Stewart Living Omnimedia Inc - MSO
Martin Marietta Materials Inc - MLM
MaxLinear Inc - MXL
MDU Resources Group Inc - MDU
Merge Healthcare Inc - MRGE
Metabolix Inc - MBLX
MetroPCS Communications Inc - PCS
Mindspeed Technologies Inc - MSPD
Monotype Imaging Holdings Inc - TYPE
Mueller Water Products Inc - MWA
Myriad Genetics Inc - MYGN
Nalco Holding Co - NLC
National Interstate Corp - NATL
National Research Corp - NRCI
Network Equipment Technologies Inc - NWK
Newmarket Corp - NEU
Nicor Inc - GAS
Nova Measuring Instruments Ltd - NVMI
Novatel Wireless Inc - NVTL
Nutraceutical International Corp - NUTR
Nxp Semiconductors NV - NXPI
Omega Healthcare Investors Inc - OHI
Oneok Inc - OKE
OpenTable Inc - OPEN
Opnext Inc - OPXT
Oshkosh Corp - OSK
Overseas Shipholding Group Inc - OSG
P H Glatfelter Co - GLT
Papa Johns International Inc - PZZA
Peapack-Gladstone Financial Corp - PGC
Peets Coffee & Tea Inc - PEET
Peoples Federal Bancshares Inc - PEOP
Pericom Semiconductor Corp - PSEM
Pfizer Inc - PFE
PHH Corp - PHH
Pinnacle West Capital Corp - PNW
Pioneer Natural Resources Co - PXD
Pioneer Southwest Energy Partners LP - PSE
Pitney Bowes Inc - PBI
Plantronics Inc - PLT
Powerwave Technologies Inc - PWAV
Pressure BioSciences Inc - PBIO
Primerica Inc - PRI
Provident Community Bancshares Inc - PCBS
Public Service Enterprise Group Inc - PEG
Qiao Xing Universal Resources Inc - XING
Quicklogic Corp - QUIK
Radian Group Inc - RDN
Rand Capital Corp - RAND
Reachlocal Inc - RLOC
RealPage Inc - RP
Renaissancere Holdings Ltd - RNR
Rex Energy Corp - REXX
Rowan Companies Inc - RDC
RTI International Metals Inc - RTI
Sanmina-SCI Corp - SANM
Searchmedia Holdings Ltd - IDI
Seaspan Corp - SSW
Silicon Motion Technology Corp - SIMO
Sirius XM Radio Inc - SIRI
Solar Capital Ltd - SLRC
Solar Senior Capital Ltd - SUNS
Solta Medical Inc - SLTM
Sourcefire Inc - FIRE
Standard Motor Products Inc - SMP
StemCells Inc - STEM
Steven Madden Ltd - SHOO
Stone Energy Corp - SGY
Suffolk Bancorp - SUBK
Sun Healthcare Group Inc - SUNH
Synchronoss Technologies Inc - SNCR
Taleo Corp - TLEO
Targacept Inc - TRGT
Team Health Hldg Inc - TMH
TECO Energy Inc - TE
Tenet Healthcare Corp - THC
Terra Nitrogen Co LP - TNH
Texas Roadhouse Inc - TXRH
THL Credit Inc - TCRD
Thoratec Corp - THOR
TranS1 Inc - TSON
Transwitch Corp - TXCC
Trimble Navigation Ltd - TRMB
True Religion Apparel Inc - TRLG
Unum Group - UNM
Valero Energy Corp - VLO
Vanguard Health Systems Inc - VHS
Venoco Inc - VQ
Verisk Analytics Inc - VRSK
Virtus Investment Partners Inc - VRTS
Vishay Intertechnology Inc - VSH
Vishay Precision Group Inc - VPG
Wabash National Corp - WNC
Watson Pharmaceuticals Inc - WPI
West Pharmaceutical Services Inc - WST
Western Gas Partners LP - WES
Westlake Chemical Corp - WLK
Weyco Group Inc - WEYS
Williams Companies Inc - WMB
Williams Partners LP - WPZ
World Fuel Services Corp - INT
Wright Medical Group Inc - WMGI
XL Group PLC - XL
Ziprealty Inc - ZIPR

Unusual Volume

MF - MF Global Hld Ltd
NPSP - NPS Pharmaceuticals
IJJP - IJJ Corporation
COIN - Converted Organics Inc
BCON - Beacon Power Corp
PDPR - Marathon Group Corporation
HRDN - DC Brands International
SAPX - Seven Arts Ent
AUTO - Autoinfo Inc
CYTR - CytRx Corporation
SPPI - Spectrum Pharmaceutical
SIFY - Sify Tech Lt
IBKR - Interactive Brokers
PCRX - Pacira Pharma
ABAT - Buy It Cheap.com Inc
PWLK - Task Management Inc.
BIOF - BioFuel Energy Corp
IART - Integra LifeSciences
AMAR - Amarillo Bioscience
SDRC - Sidney Resources Corporation
MGN - Mines Management Inc
CYOU - Changyou.com Limited
BGS - B&G Foods Inc
SCTN - Schimatic Cash Transactions Network.com, Inc.
AEMD - Aethlon Medical Inc
EXMT - Anything Technologies
MOBI - Sky-mobi
FSIN - Fushi Copperweld
MNLU - Mainland Resources Inc
TUWOY - Tullow Oil PLC
IGXT - IntelGenx Technologies
GNMT - General Metals Corporation
AERS - Aerius
EARHE - Earth Dragon Resources
GISV - Uintah Mtn Copper Co
EGMCF - Emgold Mining Corp
AEXP - American Exploration
FLPC - First Liberty Power
ATWGF - Redhill Resourcs
NDAC - New Dragon Asia Corp
LGDI - Legend International
NVIV - InVivo Therapeutics
CPRX - Catalyst Pharma

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.


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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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