AC Investor Blog: 02/01/2013

Watch list for the first day of March

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For the past 6 months the stock has been moving sideways, mostly flat since November. Connecting the peaks and lows, it seems that NVDA´s stock may be in a symmetrical triangle formation. Right now, NVDA is almost near the triangle’s apex, so watch out for either a breakout or breakdown of this stock in the coming days. The momentum in the short-term remains modestly bullish, with MACD trending upwards above its signal line. A close above 12.68 would be required to turn the near-term bias significantly toward buying trades. Stay tuned.

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MAKO Surgical Corp. (NASDAQ:MAKO) is an eye catcher for its large volume and long spread on the last trading sessions. There is an upward potential of up to $14 based on the resistance line connecting the previous peaks. Definitely on watch.

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Research In Motion Ltd (NASDAQ:BBRY) nice move higher off strong support. If it breaks above $14 look for a major move north, but still in wait and see mode.

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The Gap Inc. (NYSE:GPS) Momentum has turned bullish, and a break above resistance at 33.88 would open the door for a rally to 35.

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.

Thanks for visiting AC Investor Blog.

AC

Labels: BBRY, GPS, MAKO, NVDA

22:07 | Permalink |

Thursday February 28th watchlist

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FormFactor, Inc. (NASDAQ:FORM) had a nice surge a few weeks ago and has been in the process of consolidating. The technical chart shows an inverted Head & shoulders pattern with a downward sloping neckline near 5.15. A break above the neckline would give a measured move target of nearly 5.85. MACD ready to cross again.

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Jive Software Inc (NASDAQ:JIVE) broke out above its 200-day SMA on expanding volume. This momentum could push this stock much higher from here. Next resistance is now seen at $18

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United Continental Holdings Inc (NYSE:UAL) is still trading around $27 which has been a strong resistance over the past several days. I now plan to buy the stock if it can break Monday's high of $27.22. The trend is still up.

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Santarus, Inc. (NASDAQ:SNTS) breakout over $13.58 for a daytrade

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Still watching Krispy Kreme Doughnuts (NYSE:KKD), will buy on a close above $13.44

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.

Thanks for visiting AC Investor Blog.

AC

Labels: AUL, FORM, JIVE, KKD, SNTS

22:26 | Permalink |

Wednesday February 27th watchlist

Hi everyone,

Trade setups to keep on your trading watch list :

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Research In Motion Ltd (NASDAQ:BBRY) refused to closed below the $13 level again. However, the indicators still indicate a bearish tone on daily charts. The major support level is now located at $12 and the resistance is still at $14.02. I would buy this stock if it manages to close over 50-day SMA.

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Shares of AXT Inc (NASDAQ:AXTI) surged 5.7% or 16 cents to $2.96 after the company projected first-quarter revenue that was higher than analyst's estimates. Dave Kang, an analyst with B. Riley & Co. in San Francisco recommends adding to AXT Inc. positions. Shares are Buy rated with a $4.60 price target, up from $4. If it breaks out from this channel we could easily see the stock move in the range of 3.10 to 3.60. The technical daily chart above shows new rally has just begun as %K line has just crossed on top over %D line. Nice bottom base here.

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From a technical standpoint, the stock is bouncing hard to the upside above both its 50-day sma at $1.24 and its 20-day SMA at $1.38 with heavy upside volume. Camelot Information Systems Inc (ADR) (NYSE:CIS) has been in a strong uptrend for the last two months, with shares moving higher from its low of 95 cents to its recent high of $1.58. Keeping my eye on this one.

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Zagg Inc (NASDAQ:ZAGG) closed up on Tuesday and should continue higher on Wednesday. The company reported earnings after the close and the market loved what they saw. ZAGG is trading up after hours and I expect it to gap open on Wednesday. I'm using the Jan 8th high of $7,95 as resistance.

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Pandora Media Inc (NYSE:P) retested the 9-day SMA and failed to close over that level. We should see a potential upside if the stock manages to close over the 9-day SMA.

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NVIDIA Corporation (NASDAQ:NVDA) showed some nice strength today. The stock closed nicely above the major short-term MA levels with solid volume. At this level, we should see the stock retest the resistance located at $12.68 followed by $12.72. The support level is adjusted to $11.98.

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.

Thanks for visiting AC Investor Blog.

AC

Labels: AXTI, BBRY, CIS, NVDA, P, ZAGG

22:33 | Permalink |

Tuesday February 26th watchlist

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Sarepta Therapeutics Inc (NASDAQ:SRPT) continued trading above the short-term moving averages. The technical indicators still indicate a bullish tone in short-term. The support level is located at $25.8 and them resistance is still at $29.63.

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Vipshop Holdings Ltd - ADR (NYSE:VIPS) Strong breakout. If the stock can break today’s high of $28.49, we should see a strong follow through move.

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ABIOMED, Inc. (NASDAQ:ABMD) Despite the bearish market action today, ABMD's stock performed well relative to the whole market. The next major resistance resides around the 16 price region. Only a close above this level would suggest further upside.

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Goldman Sachs Group, Inc. (NYSE:GS) broke down today under support at $150 on strong volume. First support is now located at 143.71 with stronger support down at 140.10. Technical indicators signal a negative momentum for the stock.

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.

Thanks for visiting AC Investor Blog.

AC

Labels: ABMD, GS, SRPT, VIPS

22:25 | Permalink |

Few Potential setups for next week

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The short trend continues to favor Facebook Inc (NASDAQ:FB) bears. The stock price is shown in a range and the downtrend may continue on breaking range support area. However, the daily MACD histogram has started to diverge positively. At this point, let price break the resistance line ($29) shown in the daily chart for a safe bullish trade to happen. If price break the support line ($27.1) on a close basis, then the fall might continue.

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Opko Health Inc. (NYSE:OPK) broke out from its sideways consolidation on Friday with a 5% rally and a close over resistance at $7. Keep this one on your radar over the next week.

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3D Systems Corporation (NYSE:DDD) Broken 50-day SMA may act as resistance. For bigger correction price has to fall below the support line. Some of the short-term technicals are still bearish.

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I have Mercury Systems Inc (NASDAQ:MRCY) on my watchlist. It may be ready to break out of this flag consolidation. Bullish MACD cross on daily. Potential swing long above 7.58

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Gevo, Inc. (NASDAQ:GEVO) closed the day with a "doji" candlestick reflecting clear indecision. These candlesticks usually signal a reversal in trend. Additionally, the stock continues to hold above its rising 50dma support. I think in the short term GEVO will bounce nicely off this bottom.

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InterDigital, Inc. (NASDAQ:IDCC) continues to consolidate between the 43 and 45 price level. Breakout on either side on closing basis may give good direction. 50-day SMA continue to act as support for the stock during this consolidaiton.

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.

Thanks for visiting AC Investor Blog.

AC

Labels: DDD, FB, GEVO, IDCC, MRCY, OPK

23:17 | Permalink |

Watchlist for Friday, February 22

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Monster Beverage Corp (NASDAQ:MNST) Flagging above the breakout. Worth watching long above 52

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Wells Fargo & Company (NYSE:WFC) broke resistance but closed below, volume starting to expand. Keep an eye on it to break today’s highs.

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VirnetX Holding Corporation (NYSEAMEX:VHC) flagging, on watch for another move. Keep an eye on the volume.

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CMS Energy Corporation (NYSE:CMS) nice chart here, on watch tomorrow for a break of 26.26

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Groupon Inc (NASDAQ:GRPN) remains within its medium-term rising channel but the short-term outlook is sideways. Watch the break of todays highs 5.98

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.

Thanks for visiting AC Investor Blog.

AC

Labels: CMS, GRPN, MNST, VHC, WFC

21:46 | Permalink |

Watchlist for Thursday, February 21

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Uranium Energy Corp. (NYSEAMEX:UEC) has a chart set to breakout. Today, the stock traded more than 1.5 million shares, three times higher than average and ran as high as 6% from Tuesday’s close. I strongly believe this bullish momentum to continue into tomorrow’s trading session. From a technical standpoint, the stock has an up trending MACD, indicating potential accumulation and an up-trending RSI at 65 indicating room for potential further gains. In addition, the accumul/distrib line shows a significant uptrend and OBV reveals very strong buying pressure. UEC needs to be at the top of your watch list tomorrow.

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Research In Motion Ltd (NASDAQ:BBRY) Symmetrical triangle still holding on the daily, no clear indication of direction yet. However, there are some negative divergences in the daily indicators, showing signs of some weakness. So, $13 is a key support level to keep an eye on.

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General Dynamics Corporation (NYSE:GD) is testing a resistance line in the 67.12 area, a break of which could signal a trend reversal.

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Infoblox Inc (NYSE:BLOX) New bullish MACD cross has occurred on the daily chart. Breakout watch over $20

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Netflix, Inc. (NASDAQ:NFLX) Some technical indicators are showing some weakness. Bearish MACD crossover on daily chart today.

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.

Thanks for visiting AC Investor Blog.

AC

Labels: BBRY, BLOX, GD, NFLX, UEC

22:49 | Permalink |

6 Chart Set-ups to Watch on Wednesday

Hi everyone,

Chart Set-ups to Watch on Wednesday

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Shares of Infinity Pharmaceuticals Inc. (NASDAQ:INFI) broke out of a bullish consolidation pattern that has been a pause in its steep more than 60% up move in December. Look for follow-through on Wednesday with increasing volume to confirm today's move.

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Ventrus Biosciences Inc (NASDAQ:VTUS) broke out above its resistance level today and surged considerably higher amidst impressive buying pressure. The stock is getting some buying and looks poised to post some nice gains if the buying volume persists. I expect VTUS to continue to gain investor interest going forward. Keep it on your watch list tomorrow.

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Strong breakout on Rambus Inc. (NASDAQ:RMBS) with strong volume. Momentum picking up with MACD climbing and RSI rising. Look for a quick run to $6.10 then on to $6.18

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The dip last week to $15.55 might have been an amazing opportunity for investors to buy a few shares of OmniVision Technologies, Inc. (NASDAQ:OVTI). A break of $16.3 with force might give the stock room to $17.

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Gevo, Inc. (NASDAQ:GEVO) The 20-day EMA has been acting as a strong support for the stock and only break below the same could open doors for further weakness.

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Microsoft Corporation (NASDAQ:MSFT) has just closed above its 200-day EMA for the first time since November. This will bring in new eyes on Wednesday for sure. The short-term uptrend is intact and signals further bullishness on this stock.

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.

Thanks for visiting AC Investor Blog.

AC

Labels: GEVO, INFI, MSFT, OVTI, RMBS, VTUS

22:08 | Permalink |

Stock Setups To Watch Next Week

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The technical chart of Sprint Nextel Corporation (NYSE:S) looks fairly appealing for a possible short term trade. The stock price is forming a technically bullish Cup and Handle formation pattern, with a target buy price on the breakout of the $5.97 neckline. If price breaks out above this level then we should probably see a significant move to the upside.

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V.F. Corporation (NYSE:VFC) gave a good break out this week on increased volume. It's very possible we could see a quick 5-10% upside swing here. Stop loss for short term should be at $151.47 and for medium term should be at $142

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Qlik Technologies Inc (NASDAQ:QLIK) Strong breakout of resistance on strong earnings and volume confirmation. Could be a good buy on a dip near $25 if given the chance.

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Stone Energy Corporation (NYSE:SGY) broke down its 50EMA and trendline support this week on increased volume and selling pressure, making a move to next support in the $20 area likely.

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Rambus Inc. (NASDAQ:RMBS) Price should become explosive if this chart pattern is broken to the upside with volume. I want to go long this stock on a move above $5.67 for a day trade.

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.

Thanks for visiting AC Investor Blog.

AC

Labels: QLIK, RMBS, S, SGY, VFC

23:34 | Permalink |

Friday February 15th watchlist

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NVIDIA Corporation (NASDAQ:NVDA) rebounded strongly today on pretty heavy volume and might be on the way up again. As you could see above, the stock has several favorable technical factors suggesting that it could breakout its 200-day EMA which often attracts additional traders on the buyside, putting upward pressure on shares. Positive MACD indicates that the stock is a buy. Any move over $12.91 will probably lead to a strong rally. Let's keep an eye on it.

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I continue to watch Gevo, Inc. (NASDAQ:GEVO). The volume is still large so it could potentially break out again at any moment. Further rally could be seen to retest $2.68 short-term resistance. As long as the stock stay above $2.12 area, the bullish scenario is still intact. Technical chart shows bullish sign with MACD above the signal line and RSI above its 50% level. Next targets for the stock are $3.10 and $3.22. Only a close below $2.31 reverses the current short-term uptrend. The Accumulation/Distribution line is moving upwards (accumulation).

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OmniVision Technologies, Inc. (NASDAQ:OVTI) broke out and closed above resistance on a nice volume increase. If the technical chart does what is supposed to do, it will be going higher in the days to come. Technically, the stock is in a Bull Market with share price above 20, 50 and 200 daily moving averages. Let's see if tomorrow the stock will confirm the breakout. Keep an eye on her as i think momentum will pick up.

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Shares of Herbalife (NYSE: HLF) shot up in after-hours trading after Hedge fund manager Carl Icahn revealed a huge stake in the company. Icahn now owns nearly 18% almost 14 million shares. Per the filing, Icahn will seek talks with Herbalife, including possibly going private. Levels of resistance to watch in HLF after this pop : $46.40 ( 200EMA ) and the recent highs at $47.16

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Zynga Inc (NASDAQ:ZNGA) traded down over the last trading sessions but not enough to make me stop watching. The volume was relatively weak compared with recent sessions when prices rose, which means traders are not betting on the downside. The stock finally has found support at the $3.12 level, which looks to be a launching point to propel the stock back to the $3.60 level

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.

Thanks for visiting AC Investor Blog.

AC

Labels: GEVO, HLF, NVDA, OVTI, ZNGA

22:59 | Permalink |

AC Investor Blog

Seeking to provide independent day trading strategies based on Technical Analysis.

Thursday, February 28, 2013

Watch list for the first day of March

Wednesday, February 27, 2013

Thursday February 28th watchlist

Tuesday, February 26, 2013

Wednesday February 27th watchlist

Monday, February 25, 2013

Tuesday February 26th watchlist

Friday, February 22, 2013

Few Potential setups for next week

Thursday, February 21, 2013

Watchlist for Friday, February 22

Wednesday, February 20, 2013

Watchlist for Thursday, February 21

Tuesday, February 19, 2013

6 Chart Set-ups to Watch on Wednesday

Friday, February 15, 2013

Stock Setups To Watch Next Week

Thursday, February 14, 2013

Friday February 15th watchlist

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