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Saturday, January 19, 2013 

7 Stocks to watch out for next week

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Shares of 3D Systems Corporation (NYSE:DDD) closed the day on Friday at $65.82 a share, a 4.23% increase over the previous closing. The day's range was 62.90-66.22. The stock has been on one of the most amazing runs of the past four months. I'll be watching the stock on Tuesday, looking for a follow through move. As long as the stock stay above $61.50, the short-term bullish scenario still intact. 

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Zions Bancorporation (NASDAQ:ZION) Stalking. The technical chart shows a Cup & Handle pattern. The stock hit a high of $22.69 on Friday, but failed once again to close above $22.8. I expect to see a high volume move once the stock breaks through resistance, as traders are watching this stock closely.

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Zynga Inc (NASDAQ:ZNGA) continues to fall on light volume. I think current levels offer a great chance to play a rebound in shares. The stock closed on Friday at $2.45 above the 50-day SMA. From a technical standpoint, the stock has build a good support around this SMA recently and do has the chance to go up. On watch.

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AXT Inc (NASDAQ:AXTI) The price movement in the last couple of days indicates that  the stock has formed a short-term bottom at $2.83. Expecting a bounce from this level and a breakout of the 2.9 level with a price target for the near term of 3.14. The OBV is a good leading indicator for this small cap at these levels, the volume chart  from OBV is showing a growing interest in accumulating the stock. Shares of AXTI trade at a trailing P/E of 15x with a PEG of just 0.65x, which indicate that the stock is undervalued. In addition, this company has no debt and about $46 million of cash, so they have about $1.43 a share in cash. I like this company and have been adding. 

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James River Coal Company (NASDAQ:JRCC) Big bullish engulfing candle. Next pivot resistance point is at 3.24 ( 200-day SMA ). The slow stochastic gave a new buy signal yesterday. 

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Alpha Natural Resources, Inc. (NYSE:ANR) Looking to buy on strenght. Indicators starting to move up again. Stop loss below 8.67

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Linear Technology Corporation (NASDAQ:LLTC) stock broke out to new highs Friday on 6x the daily avg. volume. Looks good for higher prices. As long as the stock holds above $35 the intermediate-term picture should remain positive. Fresh exposures may be considered on a move past $36.52, with a stop-loss at $34.68.

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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Hi AC,

Great blog. I am wondering what you think of GNBT right now? Price has been supported by it's 14 day MA which is rapidly rising. Do you see any potential here?

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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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