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Monday, February 27, 2012 

Stocks Watchlist For Tuesday, February 28

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Zagg Inc (NASDAQ:ZAGG) climbs in after-hours after the company released better then expected numbers. The company reported fourth quarter EPS of $0.27, which came in well ahead of analysts' consensus EPS estimates of $0.20. Revenues for the quarter were $67.5 million versus the consensus of $62.56 million. Sees FY2012 revenue of $250 million, compared to Street consensus of $240.6 million. ZAGG has a huge short interest, with 8,763,000 shares sold short that would take 6 days to cover at the average trading volume. We should see a nice squeeze tomorrow and we'll be back above 11-12 for sure. From a technical standpoint the stock is breaking out the downtrend line in after-hours. I'm expecting a gap up tomorrow morning. 

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Apple Inc.(NASDAQ:AAPL) broke out to new highs today on 1.3x the daily average volume. The stock has been on fire since December 2010. It is hard to predict how far the momentum will take the stock. If you want to ride the uptrend as long as possible, you can hold the stock with a trailing stop of 8 per cent from the peak or its 20-day mvoing average. I'm using today’s high of $528.50 as resistance for Tuesday. A break above that area could trigger further bullish momentum and keep the bullish scenario intact. The outlook for AAPL stays robust until it stays above $500. Fresh buys can be initiated with a stop at $505.37 ( 13 sma ).

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Kinder Morgan Inc (NYSE:KMI) B/O into all time highs on expanding average volume.  The short-term uptrend is intact and signals further bullishness on this stock. Buy the stock in dips with tight stop-loss at $32.56.

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Priceline.com Inc (NASDAQ:PCLN) is trading higher after hours, as the company released strong earnings. Right now, the technical daily chart is in a short-term bullish mode and it is really hard to tell until when it would be.

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According to my analysis of  FormFactor, Inc. (NASDAQ:FORM) history with Slow STO, we should move higher soon.

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. 

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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