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Wednesday, May 23, 2012 

Thursday's Stocks To Watch, May 24 2012

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From $2.4 to $11.47 in six days. I posted ROSG for my readers and twice for my twitter followers. Today the stock rose more than 51% hitting a high of $11.47. Congratulations to those locking in some profits on this stock. I sold for a gain of 28% in 3 days' time.

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Apple Inc. (NASDAQ:AAPL) is in a good short-term uptrend. The price has bounced off the low of $522 touched on Friday. If you have purchased at lower levels and are sitting on meaningful profits, hold with a stop at $550. The price can head towards the 590-591 zone. If this zone is surpassed, getting to $600 would be a possibility. From a technical standpoint the chart shows the stock is now back to new rally as %K line is back above %D line. With ROC still at low there is rooms for the stock to go up.

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Hewlett-Packard Company (NYSE:HPQ) is trading higher after hours, as the company released strong earnings. Right now, the technical chart is in a bearish mode and it's really hard to tell until when it would be. Key resistance is now located at 22.85, a break above this level will confirm a new bullish trend and the following uptrend will take price up to 24-25 zone.

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Career Education Corp. (NASDAQ:CECO) - Today's huge intra-day reversal suggests that we're literally seeing that the trend is changing.

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XenoPort, Inc.(NASDAQ:XNPT) made a strong run the last hour of the day, closing near the highs of the day at $5.87. The $5.95 level is a huge obstacle for this stock. If the stock can break through this level, buy the stock and watch it take off. In additon, there is plenty of accumulation on daily chart.

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Pharmacyclics, Inc. (NASDAQ:PCYC) has been on fire this week. Posted this setup on Monday and its been up over 10% since then. Looks to be getting a little overbought here. Lets see if it can keep running to end the week off.

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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cool site. I'm a 24 year old "trader", been in the game for a few years.

what's your take on ROSG? market cap-wise, it's quite undervalued. chart-wise...it's definitely approaching overbought territory. earnings are slated to be released this friday, and judging by previous quarters, it shouldn't be anything spectacular. do you expect the overbought conditions, coupled with a lousy earnings report to cause the stock to finally correct?

or, perhaps the poor quarter is to be expected from people who realize that the inherent value is in FUTURE sales, not current ones?


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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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