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Wednesday, November 28, 2012 

Thursday November 29th watchlist

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Shares of Sodastream International Ltd (NASDAQ:SODA) made a solid 5% rally on today's trading session breaking out the downtrend line that has formed since August on heavy volume. The uptrend is strong based upon the MACD reading and the accumulation/distribution indicator marked an increase in accumulation. SODA is a short squeeze candidate, it has huge short interest nearly 57% of the 17.43 million-share float. Look for a quick run to $40 then on to $42

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I'm going to keep an eye again on InterDigital, Inc.(NASDAQ:IDCC) and see how it reacts tomorrow after today's gains. Technical chart shows a nice bullish stochastic cross combined with a nice bounce off the 20-day MA. In addition, the accumulation chart looking great. The next resistance level to watch is at 42. Above this level could test 43.08 next. 

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I really like Celestica Inc. (NYSE:CLS) fundamentals. The company has a clean balance sheet with a current ratio of 1.91, zero debt and with 3.21 cash per share. It has a forward PE of 9, and a Price to sales ratio of 0.20. The company is also using $175M to buy back shares. From a technical standpoint, the chart looks really positive as 20-day moving average has just crossed on top of 50-day moving average. In addition, with MACD on top of zero/rising and KD at high level CLS should kept going for now.

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Tellabs, Inc. (NASDAQ:TLAB) broke out & never stopped all day. There is a good chance the stock will continue to move up.

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Zynga Inc (NASDAQ:ZNGA) closed strong above the 50-day MA for the first time since April. This momentum could push this stock much higher from here. Next resistance is now seen at $2.62 then 2.78.

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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