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Friday, January 20, 2012 

Big movers to watch in the week ahead

This week was another solid one for the market and a great one for Oclaro, Inc. (NASDAQ:OCLR). Many of my stock picks busted out and gave us solid profits. Here are some of the big movers to watch in the week ahead.

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This week OCLR's stock gained more than 15%. with the shares closing Friday at $4.17. Today’s intraday high of 4.19 is the highest level the stock has touched in more than a two months. The chart looks really bullish in short-term as the stock is trading above 50-day moving average and the 20-day MA crossed above 50-day MA recently. In addition, both KD and MACD show bullish signal as MACD is above 0 and KD is going up. Any pullback to the moving average would be a buying opportunity.

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InterDigital, Inc.(NASDAQ:IDCC) was also a winner this week. The stock has been on a downtrend since it reached 52-weeks high of $82.50 in early July 2011.  However, it seems Interdigital stock maybe reversing to a uptrend as the most recent support at 41.06 is higher than the previous support level of 38.51 which show an uptrend. The chart also indicates bullish sign as the 20-day moving average has crossed above 50-day moving average with KD going up and MACD in positive territory. If the stock can keep going up and break the resistance at $49.19 this could further confirm the uptrend.

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Shares of Accuray Incorporated (NASDAQ:ARAY) have been rising significant this month, going from 4.20 to $5.25 today gaining almost 25%. The recent spike in price has pushed the stock into a short-term overbought zone. The implication is that a short-term downward correction could materialise and a test of the support zone at $4.7-$4.62 appears likely.

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Shares of Ciena Corporation (NASDAQ:CIEN) have been going up for 5 weeks now. The stock is now near the red line as RSI approaches the 80 level. It may still move up some cents but I expect a correction any time as I have observed that a lot of indicators have already reached overbought level. Right now it is way too risky for a long position.

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Renren Inc (NYSE:RENN) has rallied from below $3.40 to above $4.50 in just two weeks, a gain of over 30%. The technical chart shows very strong upward momentum as the stock is trading above the 50 day moving average with 20-day moving average going up. At this point, I will be a buyer only once it breaks through today’s high of $4.52 for the continuation move. Stochastics are overbought but remain bullish signaling.

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This stock was not a winner this week but I do not think it will stay here for long. Daily technical indicator OBV still showing support for last couple of weeks. Might be something in the works, but that is speculative until we get real news. Novatel Wireless, Inc. (NASDAQ:NVTL) should continue to be on watch and if we break the 3.09 resistance level the stock could retest its October highs.

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When I first alerted everyone this morning on twitter about FORM, I fully expected a solid run and an increase in share price, but what we got was much more than I could have even hoped for.  Shares of FormFactor, Inc. (NASDAQ:FORM) closed the day gaining more than 6 percentage. Its technical chart show some bullish signals as KD is now going up and the stock breaks above the 20-day moving average. With this daily chart bull signal its very possible that we could see a continuation into next week. 

During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog  twitter and newsletter, so you can receive my trade ideas and stock news in real time. 

Other stocks to watch :

US Earnings Calendar for Monday, January 23

1st Constitution Bancorp - FCCY
Acxiom Corp - ACXM
Air T Inc - AIRT
Albemarle Corp - ALB
Alliance Bank - ALLB
American Electric Power Co Inc - AEP
American National Bankshares Inc - AMNB
Ameriserv Financial Inc - ASRV
Arrow Financial Corp - AROW
Bancorp Inc - TBBK
Banctrust Financial Group Inc - BTFG
Bank of Hawaii Corp - BOH
BBCN Bancorp Inc - BBCN
Beneficial Mutual Bancorp Inc - BNCL
Blyth Inc - BTH
Bottomline Technologies DE Inc - EPAY
Bridge Bancorp Inc - BDGE
Bridge Capital Holdings - BBNK
Camden National Corp - CAC
Capital City Bank Group Inc - CCBG
Cass Information Systems Inc - CASS
Cathay General Bancorp - CATY
Center Bancorp Inc - CNBC
Champion Industries Inc - CHMP
Cheil Worldwide IncCheviot Financial Corp - CHEVD
China Bak Battery Inc - CBAK
China Botanic Pharmaceutical Inc - CBP
Citizens South Banking Corp - CSBC
City Holding Co - CHCO
Clifton Savings Bancorp Inc - CSBK
Commercefirst Bancorp Inc - CMFB
Community Bank System Inc - CBU
Community Partners Bancorp - CPBC
Connecticut Bank And Trust Co - CTBC
Crane Co - CR
Crexus Investment Corp - CXS
Crystal Rock Holdings Inc - CRVP
CSX Corp - CSX
Daekyo Co LtdDanaos Corp - DAC
Dnb Financial Corp - DNBF
Enterprise Bancorp Inc - EBTC
F.N.B. Corp - FNB
Fedfirst Financial Corp - FFCO
FFD Financial Corp - FFDF
Financial Institutions Inc - FISI
First Busey Corp - BUSE
First Capital Inc - FCAP
First Citizens Bancshares Inc - FCNCA
First Defiance Financial Corp - FDEF
First Financial Corp - THFF
First M & F Corp - FMFC
First of Long Island Corp - FLIC
First Security Group Inc - FSGI
Firstbank Corp - FBMI
Greene County Bancorp Inc - GCBC
Greenhill & Co Inc - GHL
Guaranty Bancorp - GBNK
Guaranty Federal Bancshares Inc - GFED
Halliburton Co - HAL
Hanesbrands Inc - HBI
Harleysville Savings Financial Corp - HARL
Heritage Commerce Corp - HTBK
HMN Financial Inc - HMNF
Home Federal Bancorp Inc - HOME
J&J Snack Foods Corp - JJSF
Kansas City Southern - KSU
Koss Corp - KOSS
Lakeland Financial Corp - LKFN
LNB Bancorp Inc - LNBB
Magyar Bancorp Inc - MGYR
Metro Bancorp Inc - METR
Microstrategy Inc - MSTR
Monarch Community Bancorp Inc - MCBF
Monarch Financial Holdings Inc - MNRK
MSB Financial Corp - MSBF
Naugatuck Valley Financial Corp - NVSL
Nbt Bancorp Inc - NBTB
New England Bancshares Inc - NEBS
New Hampshire Thrift Bancshares Inc - NHTB
Newport Bancorp Inc - NFSB
Northfield Bancorp Inc - NFBK
Northrim BanCorp Inc - NRIM
Oak Valley Bancorp - OVLY
Oppenheimer Holdings Inc - OPY
Optical Cable Corp - OCC
Oritani Financial Corp - ORIT
Packaging Corp Of America - PKG
Park National Corp - PRK
Penns Woods Bancorp Inc - PWOD
Peoples Financial Corp - PFBX
Petmed Express Inc - PETS
PLX Technology Inc - PLXT
Polycom Inc - PLCM
Provident New York Bancorp - PBNY
PVF Capital Corp - PVFC
Regis Corp - RGS
S & T Bancorp Inc - STBA
Savannah Bancorp Inc - SAVB
Shore Bancshares Inc - SHBI
Sierra Bancorp - BSRR
Southern National Bancorp Of Virginia Inc - SONA
Southside Bancshares Inc - SBSI
Southwest Georgia Financial Corp - SGB
Span America Medical Systems Inc - SPAN
Standex International Corp - SXI
Sterling Bancorp - STL
Summit State Bank - SSBI
Sun Bancorp Inc - SNBC
SurModics Inc - SRDX
Texas Instruments Inc - TXN
Tompkins Financial Corp - TMP
Transcat Inc - TRNS
Trico Bancshares - TCBK
TrustCo Bank Corp N Y - TRST
Tuesday Morning Corp - TUES
Twin Disc Inc - TWIN
Union First Market Bankshares Corp - UBSH
United Financial Bancorp Inc - UBNK
UQM Technologies Inc - UQM
USG Corp - USG
VIST Financial Corp - VIST
VMware Inc - VMW
Volterra Semiconductor Corp - VLTR
Western Digital Corp - WDC
Wilshire Bancorp Inc - WIBC0
Woodward Inc - WWD
WSB Holdings Inc - WSB
Yadkin Valley Financial Corp - YAVY
Zions Bancorporation - ZION

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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