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Thursday, October 27, 2011 

Stocks that look ready to take off

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Today's action in TSL confirms my opinion that the current rally has legs. Trina Solar Limited (NYSE:TSL) broke the ascending triangle higher on very large volume. The technical chart shows buyers are back. With the surge today %K line is again on top over %D line showing the stock is back to new rally. A move towards $9.62 can be expected as long as $8.05 holds.

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My new big pick is Cogo Group, Inc. (NASDAQ:COGO). The stock made an awesome move today breaking out of a major resistance line with volume backed confirmation. I went long at $2.34 as its quite possible we should see a short term move near $2.8/share. The technical chart shows bullish sign with %K line on top of %D line and MACD rising. Today’s action in the share price leads me to believe that we may see a reversal trend at this level. To sustain this point of view, stock needs to sustain actual level in the days to come, so stay tuned to her.

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Looking at the technical chart of Canadian Solar Inc. (NASDAQ:CSIQ) there are some technical indicators lining up that may be indicating a rally is in the cards. The stock hit a lower low in the past week but the MACD and stochastics are higher. The RSI is also indicating a divergence as it was well below 30 last week but it just turned up from above 30. In addition, the stock broke out today above its downtrend line on heavy volume. There could be good upside in CSIQ so watch the stock closely on Friday.

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FormFactor, Inc. (NASDAQ:FORM) broke out of the downtrend channel that has beenin effect since the middle of July. The breakout looks real good, and we sense significantly more upside at this stage. Also MACD shows positive divergences on daily. 

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Other stocks to watch :

US Earnings Calendar for Friday, October 28

Alliance Holdings GP LP - AHGP
Alliance Resource Partners LP - ARLP
Amcol International Corp - ACO
American Axle and Manufacturing Holdings Inc - AXL
Amerigroup Corp - AGP
Aon Corp - AON
Apartment Investment and Management Co - AIV
Arch Coal Inc - ACI
Arkansas Best Corp - ABFS
Bancorp Rhode Island Inc - BARI
BancTrust Financial Group Inc - BTFG
Bank of Commerce Holdings - BOCH
Barnes Group Inc - B
Beasley Broadcast Group Inc - BBGI
Beneficial Mutual Bancorp Inc - BNCL
Biogen Idec Inc - BIIB
BorgWarner Inc - BWA
Britton and Koontz Capital Corp - BKBK
Cablevision Systems Corp - CVC
Calpine Corp - CPN
Cascade Bancorp - CACB
Center Bancorp Inc - CNBC
Central Pacific Financial Corp - CPF
Chevron Corp - CVX
Chimera Investment Corp - CIM
China Hgs Real Estate Inc - HGSH
China Natural Resources Inc - CHNR
Citizens And Northern Corp - CZNC
Columbus McKinnon Corp - CMCO
Commercial Metals Co - CMC
Community Bankers Trust Corp - BTC
Constellation Energy Group Inc - CEG
Coventry Health Care Inc - CVH
Crexus Investment Corp - CXS
Dominion Resources Inc - D
DTE Energy Co - DTE
Ecology and Environment Inc - EEI
Enbridge Energy Management LLC - EEQ
Enbridge Energy Partners LP - EEP
Encore Bancshares Inc - EBTX
Ener1 Inc - HEV
Fidelity Southern Corp - LION
First Bancorp - FBNC
First Citizens Bancshares Inc - FCNCA
Frederick's of Hollywood Group Inc - FOH
German American Bancorp Inc - GABC
Graham Corp - GHM
HeartWare International Inc - HTWR
Heritage Financial Corp - HFWA
HMS Holdings Corp - HMSY
Idenix Pharmaceuticals Inc - IDIX
Interpublic Group of Companies Inc - IPG
ITT Corp - ITT
Kaiser Federal Financial Group Inc - KFFG
Kaydon Corp - KDN
Lear Corp - LEA
Lifepoint Hospitals Inc - LPNT
LyondellBasell Industries NV - LYB
magicJack VocalTec Ltd - CALL
Malvern Federal Bancorp Inc - MLVF
Merck & Co Inc - MRK
National Penn Bancshares Inc - NPBC
National Presto Industries Inc - NPK
New England Bancshares Inc - NEBS
Newell Rubbermaid Inc - NWL
Newmont Mining Corp - NEM
Nisource Inc - NI
Nobility Homes Inc - NOBH
Northern States Financial Corp - NSFC
NuStar GP Holdings LLC - NSH
Ocean Shore Holding Co - OSHC
Omeros Corp - OMER
OneBeacon Insurance Group Ltd - OB
Oppenheimer Holdings Inc - OPY
Optibase Ltd - OBAS
Oritani Financial Corp - ORIT
Orrstown Financial Services Inc - ORRF
PAM Transportation Services Inc - PTSI
Pilgrims Pride Corp - PPC
Porter Bancorp Inc - PBIB
Provident Financial Services Inc - PFS
RAIT Financial Trust - RAS
RealPage Inc - RP
Recon Technology Ltd - RCON
Repligen Corp - RGEN
RLJ Lodging Trust - RLJ
Rockwell Collins Inc - COL
Rosetta Genomics Ltd - ROSG
Sabine Royalty Trust - SBR
Salisbury Bancorp Inc - SAL
SCBT Financial Corp - SCBT
Sky-mobi Ltd - MOBI
Southern National Bancorp Of Virginia Inc - SONA
Southside Bancshares Inc - SBSI
Spectrum Pharmaceuticals Inc - SPPI
Standard Register Co - SR
Stillwater Mining Co - SWC
Summit State Bank - SSBI
Superior Industries International Inc - SUP
Supreme Industries Inc - STS
TenneCo Inc - TEN
Tennessee Commerce Bancorp Inc - TNCC
The Goodyear Tire & Rubber Co - GT
Towne Bank - TOWN
Uni Pixel Inc - UNXL
United Community Bancorp Inc - UCBA
Valpey Fisher Corp - VPF
Varian Semiconductor Equipment Associates Inc - VSEA
Waterstone Financial Inc - WSBF
Wayne Savings Bancshares Inc - WAYN
Wells-Gardner Electronics Corp - WGA
West Bancorporation Inc - WTBA
West Coast Bancorp - WCBO
Weyerhaeuser Co - WY
Whirlpool Corp - WHR
Wolverine Bancorp Inc - WBKC

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.

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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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