AC Investor Blog

Put these stocks on your watch list for Next Week

2012-05-25T22:30:00.001+01:00

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Elan Corporation, plc (ADR) (NYSE:ELN) looks really strong here, broke and closed above 50 day MA. Strong volume today ! On the daily chart, we can see a few technical signals suggesting this swing higher in the short-term should continue a few more days. First, the MACD is displaying a new bullish crossover and a positive move. At the same time, we see that the daily stochastics are showing positive momentum from oversold levels, which should reinforce a move higher if near-term resistance at $14.58 is taken out. Finally, The RSI is starting to bounce back from oversold territory. Target is $15-15.25 with a tight stop under the 50 day MA.

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Bio stocks such as Complete Genomics, Inc. (NASDAQ:GNOM) were on fire today. I featured this stock on Thursday and today it gained close to 29% !! Volume was tremendous today and I see more upside here. Easy to manage with a stop at the 50 day MA.

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XenoPort, Inc. (NASDAQ:XNPT) looks great here flagging nicely on low volume, tried to break out today but failed. Volume patterns good, keep an eye on it the next few days.

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The entire Education sector was on fire today led by Career Education Corp. (NASDAQ:CECO). The stock closed above the psychological level of 7 and near the 50 day moving average. A close above this level would warrant liquidation of short positions. I believe that price may continue its rally next week.

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Zalicus Inc (NASDAQ:ZLCS) looks good here with plenty of room to run to the next resistance at $1.01

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eBay Inc (NASDAQ:EBAY) bounced nicely off the 50 day MA this week. The stock should test the recent highs and possible new highs in the weeks ahead.

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Zynga Inc (NASDAQ:ZNGA) - No signs of reversal yet. If you are long , stop should be the recent swing low. Short term investors are advised to avoid fresh long positions at this point. Only a close above $7.25 will start negating the bearish forces.

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

Friday's Stocks To Watch, May 25 2012

2012-05-24T21:42:00.000+01:00

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US Airways Group, Inc. (NYSE:LCC) had a very nice day today, breaking out above the $11.50 level on heavy volume. As long as it can hold this level, it looks good !!

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Looking at the technical chart of Hyperdynamics Corporation (NYSE:HDY) I think the most important level to watch here is the 50 day MA now at $.99. As we can see, it previously failed at the 1.30 level back in April and it has once again rallied up to this MA. The MACD is moving up showing positive momentum while KD line also show buy signal as %K line is on top of %D line. The 50 day MA needs to be crossed to give rise to the next leg up. Stay tuned !!

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Foot Locker, Inc. (NYSE:FL) surged 2.4% to $32.31 per share breaking out an important resistance with decent volume. We should be able to see some decent upside movement for the bulls here. Technically, the stock still in a very strong bull market with MACD on top of signal line and 50 day moving average on top of 200 day moving average.

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Complete Genomics, Inc. (NASDAQ:GNOM) Tested the 50 day MA but couldn't close above it. I like this one for a breakout soon. Keep an eye out for a $2.5-2.6 breakout on volume !

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Trina Solar Limited (ADR) (NYSE:TSL) On watchlist no trigger yet. Long above $6.05.

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.

Thursday's Stocks To Watch, May 24 2012

2012-05-23T22:27:00.001+01:00

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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.

Wednesday's Stocks To Watch, May 23 2012

2012-05-22T22:15:00.000+01:00

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Akorn, Inc. (NASDAQ:AKRX) tried to breakout today again after yesterday's breakout but failed to close near the highs. The stock pulled back during the day, however still closed higher than the high of the previous session, which is bullish to me. Lets see how this trades tomorrow.

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Bought Pharmacyclics, Inc. (NASDAQ:PCYC) on Monday after a nice breakout. Today's action followed through nicely as this stock was up 4.5%. The technical chart show a continuation of the uptrend with MACD and RSI in the Bullish areas. However, both stochastic and the RSI indicator is reaching the top end which indicates that the stock may be reaching overbought condition soon. For the long term the stock should still continue to go up. Resistance: $32.94 Support : $27.42

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Rosetta Genomics Ltd. (USA) (NASDAQ:ROSG) continues to perform strongly and appears poised to test the 200-day moving average line at $8.26.

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Wal-Mart Stores, Inc. (NYSE:WMT) continued higher today up over 1% as there was good follow through from the breakout yesterday.

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Celgene Corporation (NASDAQ:CELG) bounced nicely off the 200 day MA. If it can clear the recent high of $71.75, I think it can get to the 50 day MA at $75

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FirstEnergy Corp. (NYSE:FE) was setting up nicely in this small consolidation pattern and I was expecting a breakout soon, however it seems as though it wants to continue consolidating. Looking at the technical chart the 20-day MA is moving up and hopefully this can provide some support in the next few days. I still like the stock here if it can hold that MA.

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.

Tuesday's Stocks To Watch, May 22 2012

2012-05-21T22:01:00.000+01:00

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Apple Inc. (NASDAQ:AAPL) - The dip last week to $522 might have been an amazing opportunity for investors to snag a few shares of one of the best stocks out there. From a technical standpoint, the rally is back again as %K line has just crossed on top over %D line and stock is back above 10-day moving average, a positive signal. The short-term outlook would remain bullish as long as the price holds above the stop-loss level of $522. This technical chart still looks like this reversal has more legs to it and this rally could take the stock to $575 - $590 before months end.

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Groupon Inc (NASDAQ:GRPN) I would like to see this close over $13.71 before getting involved.

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When I alerted this stock to my twitter followers this morning, I felt InterDigital, Inc. (NASDAQ:IDCC) had a great chance of rallying. The stock closed with a gain of 5.24 per cent at 26.72 but still trading near 52 week lows and has fallen dramatically from its peak levels. At some point, I think it will post an impressive rally. Recent filings indicate institutions are anxious to take advantage of the low share price. John Paulson's Paulson & Co is now largest holder with 9.02% increased its stake 35% last quarter. I suggest you keep this stock on your radar this year.

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IDCC Insitutional Holdings ( from Nasdaq listings)

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Rosetta Genomics Ltd. (USA) (NASDAQ:ROSG) stock is up some 400% off its lows and showing no signs of stopping. Things to watch out for tomorrow is the $8.3 level acting as resistance and the gap formed between 5.85 and 6.2

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Pharmacyclics, Inc. (NASDAQ:PCYC) Broke out to new highs today on solid volume. I think we will see some nice follow through tomorrow.

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.

Stocks watch list for next week

2012-05-18T22:37:00.000+01:00

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Yamana Gold Inc. (NYSE:AUY) stock has been in a downtrend since its all-time high of $18.16, marked in March. Both short and medium-term trends are also down for the stock. Nevertheless, the stock is hovering just above its long-term support band between $12.31 and $12.7. Investors with short and medium-term perspectives can hold the stock with stop-loss at $12.31.

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From a short-term perspective, Barrick Gold Corporation (NYSE:ABX) stock is reversing higher, taking support at 36. It can encounter resistance at 39 and then in the 40.5 -41 range. Failure to move beyond the 39 level in the next sessions will be a cue for short-term investors to divest their holdings. Resumption of the downtrend can pull ABX down to its support, which is in the band between 35 and 35.6.

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James River Coal Company (NASDAQ:JRCC) stock has been in a downtrend, in all-time frames long, medium and short-terms. I don't see any initial signs of trend-reversal in this stock. Only a decisive daily close above 3.6 will mitigate the stock's short-term downtrend and push the stock higher to 4 and later on to 4.3

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Career Education Corp. (NASDAQ:CECO) stock has been on a short-term uptrend from its lows and the trend looks quite strong to me. Investors with a short/medium-term horizon can hold the stock with stop-loss at 6 and for the long-term with deeper stop at 5.88 levels. Significant jump above 7 can take the stock northwards to 7.4 or even to 7.85.

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Zynga Inc (NASDAQ:ZNGA) The trend is clearly downwards. The stock broke down its major support on Friday on increased volume. Not a pretty picture. Long positions must be avoided.

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Finally, lets take a look at Elan Corporation, plc (NYSE:ELN) and see if the stock is worth buying.

- The technical chart shows the stock is on a bull market as the stock is trading above both the 200-day moving average.
- The 50-day moving average still on top over 200-day moving average
- MACD Fast Line has just crossed over the slow line, which is a bullish sign.
- RSI shows the stock may be ready for a rebound

Nevertheless the short term trend is still weak as the stock has been trading below 50 day and 20 day MA, with 20 day MA now going downward showing bearish signal. Immediate resistance is at 13.39. A break above that area could trigger further upside recovery testing 13.84. Conversely, a plunge below 12.58 will drag the stock down to 12.10 or 11.90 range. Trend : Neutral-Bullish.

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.

Stocks Picks for Friday, May 18

2012-05-17T22:14:00.000+01:00

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Delta Air Lines, Inc. (NYSE:DAL) had a nice uptrend in play for weeks but broke the uptrend line today and its 20-day sma. Lets see if more selling is in store for DAL over the coming days. Hard to tell.

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salesforce.com, inc. (NYSE:CRM) is trading higher after hours, as the company released strong earnings and guidance. Right now, the technical chart is in a short-term bearish mode. Key resistance is now located at 145, a break above this level will confirm the new bullish trend and the following uptrend will take price up to 152 zone.

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Career Education Corp. (NASDAQ:CECO) - It looks like there is just limited downside risk in the stock at current levels. On the upside, a move to the $7-$7.40 range appears likely. A close above $6.7 will have positive implications while a drop below $6.22 would negate the positive outlook. Technically the chart shows the stock is back to new rally as %K line is on top of %D line. Hold the stock with a stop loss at $6

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XenoPort, Inc. (NASDAQ:XNPT) pulled back as most of the market traded lower. The stock did close negative on the day, but I still think there is another upside move coming soon. PDUFA coming June. Shares Short 2,308,500 / 13 Days to cover / 87.70% Owned by Institutions / 3.27% % Owned by Insiders. This is a short squeeze candidate. The daily chart shows strong accumulation. Still holding my position bought last week at $4.72. Keep watching the stock over the next few trading days.

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In the short term, Rentech, Inc. (NYSEAMEX:RTK) is in a short-term bearish configuration. The technical indicator MACD is negative and below its signal line. As long as 1.90 is not broken up, I favour a down move with 1.66 and then 1.53 as next targets. Only the upside breakout of 2 will invalidate my bearish scenario. In this case, a recovery should shape towards 2.2 at first, and then 2.40. Right now, the trend is bearish.

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.

Stocks to Watch for Thursday, May 17

2012-05-16T22:22:00.000+01:00

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Google Inc (NASDAQ:GOOG) - Cleared all sorts of resistance today. From here we can expect a run to the $640 area and from there we could see an explosive upsurge to $658 and better. Look to buy the stock on dips with a stop around 600. I'll be watching her carefully for any possible opportunities.

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XenoPort, Inc. (NASDAQ:XNPT) continues to show strength. The continued strong volume on upside moves indicates more than just short covering. Watch the $6.43 level.

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Medivation, Inc. (NASDAQ:MDVN) has been a very solid stock and just made a new 52-week high today.

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Skyworks Solutions Inc (NASDAQ:SWKS) - Good volume today, still under resistance level but indicators are trending up. Positive MACD divergence on the recent low. If the stock can break through the 50 day sma, we should see heavy buying come and it will be a great buy here. Although this trend is encouraging, the near-term outlook stays cautious till the stock closes conclusively above this level on heavy volume. Bulls could remain invested with a stop loss at $23

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Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) hit a new 52 week high and held up very well when the nasdaq was tanking.

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.

Stock Picks for Wednesday, May 16

2012-05-15T22:29:00.001+01:00

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Apple Inc. (NASDAQ:AAPL) - The technical chart shows that the bears are fighting back. The stock managed to climb up above the 20-day SMA late in April after the earnings report but failed. A sharp correction has dropped the stock below its 20-day and 50-day SMAs, and the 600 level. As long as the stock trades above its rising 200-day SMA, the bulls will remain in the game. Looking at the chart, the technical indicators are looking bearish. The slow STO has fallen sharply towards its oversold zone and the MACD has dropped into negative territory below its signal line. In addition, the RSI has crossed below its 50% level. However, the stock closed today near its major support of 549 and we may see rally from this levels. Traders should go long using a stoploss below support and hope for targets of 578-589 means 4-6% gains in 1-2 weeks time frame. Any upward bounce towards the 50-day SMA is likely to be used as a selling opportunity by the bears.

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FormFactor, Inc. (NASDAQ:FORM) Bullish. Consolidation showing signs of accumulation.

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TriQuint Semiconductor (NASDAQ:TQNT) - Technically speaking I think it has a good chance to run to the 50-day MA if we see some strength in the markets here. On the daily time-frame, the MACD-histogram has been sloping up and the 10-day SMA has just ticked up to give a buy signal on the Impulse System. The ROC and RSI are both rising, indicating bullishness.

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Zynga Inc (NASDAQ:ZNGA) looks about ready to pop here. The stock has finally recaptured the 10-sma. The chart shows a Bullish MACD crossover and stochastics which indicate we have more room to the upside. I want to see more follow through from this stock tomorrow.

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.

Watchlist for Tuesday, May 15

2012-05-14T22:45:00.000+01:00

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XenoPort, Inc.(NASDAQ:XNPT) - This stock I alerted to my subscribers/twitter followers on Friday at $4.75, today it closed at $5.93. There is nothing that makes me happier, than my readers and twitter followers making substantial profits. Over 10% of the float is short this stock and as Shorts buy back shares, the stock should continue to track higher. At this point, I think XNPT should see $6.4 in the near term.

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Medivation, Inc. (NASDAQ:MDVN) - Nice looking breakout with volume. The stock hit a high of $88.51 which is now resistance for Tuesday’s follow through move. From a technical standpoint, the stock is well above the three SMA's, which are all moving up and the RSI has moved up into the overbought zone. The MACD is rising in the positive zone and is above the signal line. The bulls may continue their domination for a while longer, but you should be prepared for a quick correction.

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Melco Crown Entertainment Ltd (NASDAQ:MPEL) broke support today on heavy volume, next support at $12.40

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QUALCOMM, Inc. (NASDAQ:QCOM) needs to hold $60.8 area on the downside or things could get very ugly. On the upside, the stock has resistance located betwen $64 and $65.

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Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) - This still looks pretty good on the chart with volume expanding as it moves higher. The stock continues to look bullish and had a decent day today. The stock hit a high of $17.28, which is resistance for the next upside move. I'm buyer of ARIA once it breaks through this high and i expect to see heavy buying drive the stock higher.

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.

Hot Stocks to Keep on Your Radar Screen Next week

2012-05-11T22:26:00.001+01:00

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I posted Arena Pharmaceuticals, Inc.(NASDAQ:ARNA) for my readers and twice for my twitter followers. Today the stock rose more than 73% hitting a high of $7.01 closing at $6.36 with 74 Million of shares changing hands. Congratulations to those locking in some profits. Truly some amazing profit potential if you had purchased when it was published in my blog on Tuesday ( Here is my blog post ) That is what this blog is all about. I do think ARNA can continue to surge but it never hurts to take some profits off the table.

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XenoPort, Inc.(NASDAQ:XNPT) exploded higher today after a brief pull back. The stock soared to $5.25 and closed right near the highs of the day. If I had to guess I think 30-50% or better from here is a distinct possibility. In addition, there is a large short position in this stock ( 13 days to cover ). Target price is at 6.5. This stock should be closely watched next week.

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The rally paused today and Cell Therapeutics Inc (NASDAQ:CTIC) slipped 4%. The bulls are still facing a strong resistance at the 200 dma at $1.17 but I suspect the stock is about to break out higher. From a technical standpoint the MACD Histogram and stochastic oscillator have turned up and RSI is again moving upward. Right now, I'd be avoiding Cell Therapeutics until it closes above $1.17

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Shares of FormFactor, Inc. (NASDAQ:FORM) had a nice surge a few days ago and has been consolidating that move since then. Very nice setup $6.75 the next resistance. Looking at the technical chart we can see some positive technical signals, bullish MACD crossover, rising RSI line and a strong volume accumulation. It looks like the accumumation indicator on the chart was not lying and it appears that many of the shares that were traded earlier this month are in hands of investors who are not willing to sell them at these prices. For next let's see if FORM continues to gain momentum. A move above $6.34 would confirm that the stock has commenced the next phase of an upward move. Stay tuned.

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Orexigen Therapeutics, Inc. (NASDAQ:OREX) a big day for this stock. I would really like to see some follow through next week. If it does not blast out of the gates a buy on the pull back could provide for a profitable 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.

Stock Watch List for Friday May 11, 2012

2012-05-10T22:31:00.002+01:00

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Delta Air Lines, Inc. (NYSE:DAL) On watchlist no trigger yet. The stock has consolidated the past two weeks. If DAL can break through $11.34, the stock should make a strong upside move. On the other hand, if the stock does not break resistance, be very careful and use your stops for the downside. Shareholders may remain invested with a stop-loss at $10.14

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News Corp (NASDAQ:NWSA) has a Bullish looking stock chart, the stock price broke out from the horizontal resistance mark around $20.4/share Thursday on heavy volume. The stock made a new 52-week high today, but was not able to close near this high. However, I'm buyer of NWSA once it breaks Thursday’s high for the follow through move. Long-term investors may hold with a stop at 18.65.

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JPMorgan Chase & Co. (NYSE:JPM) - The company is falling in the after-hours session after said its chief investment office had significant mark to market losses and that legal losses of $4.2 billion are reasonably possible. In addition, Standard & Poor's downgraded the banking giant as residential mortgage specialist to "average" from "above average". Short term support for the stock is in the 37 to 38.12 region.

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Career Education Corp. (NASDAQ:CECO) The stock closed slightly up on Thursday and should continue higher on Friday. The company reported earnings after the close and the market loved what they saw. CECO is trading up after hours and I expect it to gap open on Friday. I'm using the 50 dma at 7.62 as next resistance level.

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Shares of Ciena Corporation (NASDAQ:CIEN) are in a bearish trading condition. The fall in the stock has been extended by the violation of the support line at $13.4 and as long as the stock trades below this line stay bearish, this bearish trading condition will prevail. Fresh investments in CIEN are recommended only on a daily close above this 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.

Stock Watch List for Thursday May 10, 2012

2012-05-09T22:32:00.002+01:00

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SPX Corporation (NYSE:SPW) Holding up well. Alert for $79 in case this one decides to breakout.

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NVIDIA Corporation (NASDAQ:NVDA) Possible bottom play. Oversold conditions. Long above $12.74

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FormFactor, Inc. (NASDAQ:FORM) filled the gap and closed on a bullish note. Will watch tomorrow for continuation.

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Pacific Biosciences of California (NASDAQ:PACB) held up well in the weak market. Twitted about this one around 2.47. Watch for an intraday entry, could run fast. Increased volume up the right side of this base on the daily chart.

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Career Education Corp. (NASDAQ:CECO) broke the falling wedge with good volume. This means there is more upside. Long-term investors can hold the stock with a stop at 6.4.

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.

Stock Watch List for Wednesday May 9, 2012

2012-05-08T22:28:00.000+01:00

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TriQuint Semiconductor (NASDAQ:TQNT) - Possible trend reversal taking place. The slow Sto is just turning up while the MACD is also confirming the Sto’s signals as it is increasing. I expect to see a good upside move once the stock breaks through resistance now at $5.06

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Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) has been on fire the past few days and it doesn’t look like the trend will change soon. The stock hit a new 52-week high of $3.49 during the day, vaulting over its previous high of $3.47 set in March. The technical chart is still showing buy signal with stock trading above 50 day and 200 day moving averages, and with MACD on top of 0 and %K line on top of %D line. ARNA has a lot of upside potential, so watch the stock closely.

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Career Education Corp.(NASDAQ:CECO) - Is on the top of my watch list due to the recent price action, volume and momentum.

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Amazon.com, Inc. (NASDAQ:AMZN) formed an interesting pullback retracement to the rising 13 day SMA, forming a possible Bull Flag in the process suggesting a possible upside swing.

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XOMA Corporation (NASDAQ:XOMA) continues to consolidate, but could make a breakout move soon. The stock is sitting on its 10-day moving average, gaining momentum for an upcoming move. Resistance is $3.17. I expect to see a strong upside move if XOMA can break through this resistance level. Watch the stock closely.

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.

Five stocks for Tuesday's trading

2012-05-07T22:31:00.000+01:00

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Today's chart of the day is America Movil SAB de CV (NYSE:AMX). What I like about this stock is the relative performance it has exhibited in the last few days with respect to the overall markets. AMX's chart pattern continued its bullish fervour today, making another new high of $28.47 accompained by a strong volume suggesting higher levels. The technical chart still showing a bullish bias. The bulls may continue their domination but you should be prepared for a possible correction due to the overbought state on momentum indicators.

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Pacific Biosciences of California (NASDAQ:PACB) - From the chart above I saw a possible double bottom forming with MACD bottoming. Although the bottoms are not equal, they represent rejection from going below 2.25. The fast Sto is just turning up, giving positive signal. The MACD is also turning up, showing good signal and confirming the Sto. The RSI indicator is increasing, providing an advancing of uptrend incentive.

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Today was another good day for Affymetrix, Inc. (NASDAQ:AFFX). The stock finished the day up 6% on huge volume of over 1.5 Million of shares traded and is already up more than 9% since my initial alert on twitter. From a technical standpoint, the MACD momentum has turned positive and Stochastic are on a strong uptrend which when combined with the strengthening MACD could spell a strong move for the stock. The stock is beginning to turn and I want you to be able to see as much of this move as possible.

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Avis Budget Group Inc. (NASDAQ:CAR) - Old alert, 16.97 break out.

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Citigroup Inc.(NYSE:C) stock had a nice move closing the day at $31.67. The stock seems to want to bounce off the 200sma again and the increased volume shows there were buyers in the stock. I'm looking to buy the stock above today’s high of $31.98 and we could see a nice quick pop above the $33 price level. Let's keep an eye on C as i think momentum will pick up.

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.

6 Stocks to Keep On Your Radar Next Week

2012-05-04T22:28:00.000+01:00

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FormFactor, Inc. (NASDAQ:FORM) - The stock pulled back nicely today to support on its 200 sma at 6,17, giving me a convenient entry point. I still think there is another upside move coming soon. Resistance stays at $6.75,which was Thursday's high. Keep watching the stock over the next few trading days.

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Shares of InterDigital, Inc.(NASDAQ:IDCC), rose 5.67% to $27.75 per share after the company announced that its Board of Directors has authorized a new $100 million stock repurchase program. The technical chart above shows weak sign as the stock is still trading below 50-day and 200-day moving average with both moving average still falling. Another weak sign is MACD which is still below 0. On the other hand, ROC shows the stock is oversold and with volume spiked as %K line crossed on top of %D line this is probalby the time that the stock would finally reverse the downtrend.

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Linkedin Corporation (NYSE:LNKD) traded higher today, after the company released strong earnings late Thursday. The stock hit a high of $120.63, which is resistance for the continuation move. LNKD is still in bull market as 50-day moving average is still above 200-day moving average with MACD above 0. For those who did not have a chance to buy the stock, any pull back is your buying opportunity.

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The Hain Celestial Group, Inc. (NASDAQ:HAIN) has made a new 52-week high of $51.77, after gaining 6.26% in today's trading. The 52-week range for HAIN is $26.10-$51.77. Although sentiment remains bullish , overbought conditions could see a corrective decline in the coming sessions. Immediate support is at $47.5-47.72 levels now. Looking at the technical chart the stock is trading above all of three major moving averages. Plus, the MACD is positive and rising. Nevertheless, there is a need for some profit-taking for some consolidation from these high levels.

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Netflix, Inc. (NASDAQ:NFLX) The near-term outlook is negative and a move to the 65-67 range appears likely. The technical daily chart shows the stock is in a bear market as it is way below of 200-day moving average and trading below its 20 and 50-day moving averages. In addition, since MACD is in negative territory as it has dropped below 0 this is not the time yet to buy the stock for long. Only a break above 83 would reinstate bullishness.

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Dendreon Corporation (NASDAQ:DNDN) Contrary to expectations the stock ruled strong this week moved closer to the resistance level of 12. Investors may remain invested with a stop-loss at 10.54 (on closing basis) as the stock appears to have the potential to breakout the target zone of 12. So far the technical chart is still showing buy signal with stock trading above 20 day and 50 day moving averages with MACD on top of signal line.

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Stock Watch List For Friday, May 4

2012-05-03T23:07:00.001+01:00

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Broadcom Corporation (NASDAQ:BRCM) broke its 50-day moving average last month. The moving average offered support, while the stock was trading above it and now offers resistance as the stock trades below it. The stock would have to close above 37 to retake this medium-term moving average and put the bulls back on track.

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Rite Aid Corporation (NYSE:RAD) stock broke falling price channel resistance with a big surge. For now, expect an initial run up to the 50-day MA at 1.68.

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XenoPort, Inc. (NASDAQ:XNPT) stock is building a base here with a "W" chart pattern which means it will go back up. Accum/Dist line is showing solid accumulation and MACD a positive divergence. As I mentioned on Twitter, I bought this stock today waiting for something BIG.

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US Airways Group, Inc. (NYSE:LCC) recorded a new high in today's session. Short-term outlook for the stock is bullish. Buy the stock in dips with a stop-loss at $8.95. The technical daily chart looks Bullish with both 20, 50 and 200 daily moving averages going up and MACD on top of 0, RSI in a Bullish area too.

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Four Hot Stocks to watch Tomorrow

2012-05-02T22:46:00.000+01:00

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Shares of Sequenom, Inc. (NASDAQ:SQNM) surged 4.58% to $5.36 per share continuing the rally which begins earlier this month. The stock closed at the highs of the day and I'm expecting another move higher tomorrow. The technical chart shows the stock is in a strong short term bull market with 20 day moving average on top over 50 day moving average and MACD is still above signal line. In addition, the on Balance Volume is in an upward trend it basically shows that the stock has being bought. Initial support is located at $5 on daily chart. As long as the trend line support holds, the uptrend will continue. For now, expect a run up to next resistance area around $6. Technically Bullish.

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FormFactor, Inc.(NASDAQ:FORM) Congratulations to all of you that took advantage of this pick ! The stock broke and closed above its 200-day moving average for the first time since July of last year on a large increase in volume to 4.7m shares compared to its daily avg of less than 400K. Further rally could be seen to retest $7 short term resistance.

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CVS Caremark Corporation (NYSE:CVS) surged 2.71% to $45.92 per share breaking out an important resistance with heavy volume. We should be able to see some decent upside movement for the bulls here. Technically, the stock still in a very strong bull market with MACD on top of signal line and 50 day moving average on top of 200 day moving average.

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Shares of Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) have been in a downtrend the past weeks days, but could have found a bottom at these levels. Today, the stock was one of the few bright spots, as the stock closed up 26 cents on the day. If the stock can break through Wednesday's high of $2.7, we should see a high volume upside move. I will watch the stock closely on Thursday and buy once it breaks through resistance.

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Few Stocks to watch on Wednesday, May 2

2012-05-01T23:00:00.000+01:00

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Activision Blizzard, Inc. (NASDAQ:ATVI) stock has made its way back to the resistance level and is moving sideways. Notice the RSI, it has moved above the oversold level and MACD has crossed the zero mark, which is bullish. A close above 13 will signal longs with a target price of 14.12. If the Stock fails the break and heads lower, look for shorts under 12.50 for targets down to 12.05.

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Zagg Inc (NASDAQ:ZAGG) after posting an awesome run lost some steam today and looks poised for a pullback in the near term. It has good support at $12.35. If it falls below this level on a close basis, then it can possibly go down to $12. Only a close below $11.81 would negate the short term bullish outlook.

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Gulf Resources, Inc. (NASDAQ:GURE) continues to garner some attention. At some point it will explode to the upside. From a technical standpoint, the slow STO is strong increasing and leaving the oversold zone while the fast STO is also rising, giving strong bullish signal. The MACD is turning up after a long fall, confirming the STOs signal. The RSI is moving up, showing uptrend incentive.With the strength the stock showed at the close, we should see a continued upside move tomorrow. If the stock can break through $2.3 we should see a strong upside move. Watch GURE closely over the next few days.

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Apple Inc. (NASDAQ:AAPL) Needs to hold the 50 day MA at $581.55 and as long as it holds on closing basis the downside is limited.

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FormFactor, Inc. (NASDAQ:FORM) - The stock closed up and should continue higher on Wednesday. The company reported earnings after the close and the market loved what they saw. FORM is trading up after hours, and I expect it to gap open on Wednesday. A break of $6 and this could fly. The accumulation/distribution chart is showing some strength in this movement, which a good sign as investors are not using this movement to get out of the stock. MACD is also showing some strength and looks like it could give a buy signal sometime soon.

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Four Trade Ideas for Tuesday

2012-04-30T23:57:00.000+01:00

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SolarWinds Inc (NYSE:SWI) stock hit a new high on Monday and continues to draw interest. I would keep a close eye on this stock going forward it may make for a great trade. As long as the stock stay above $42,22, the bullish scenario still intact. From a technical standpoint the chart shows very strong bullish sign. First of all the stock is trading above both 50-day and 200-day moving average with both moving average pointing upwards. Then, the MACD indicator is rising above zero also indicating a buy. In addition, the accumulation/distribution line still show the stock is on the positive swing.

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Dendreon Corporation (NASDAQ:DNDN) has been slowly creeping higher and I think it could be trading over $12 in the short term. Short term Traders can buy above $11 with stoploss of $10.74 and targets of 12.49-13. On the daily chart, the technical indicators show a continuation of the trend with MACD and RSI in the Bullish areas.

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Trina Solar Limited (NYSE:TSL) still needs to Take out the 50-Day MA at $7.38. Although the stock did not perform well this year we finally start to see some signals of rebound as the technical chart shows positive momentum is back. I'd look to the $7.4 level moving as the next buy point. If it passes that, then we have room to run to next resistance at $8.35. Let’s keep an eye on TSL.

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Royale Energy, Inc. (NASDAQ:ROYL) - Investors continued buying up this stock, as it surged again today this time to the tune of 9%. The stock warrants some attention this week. Bullish MACD cross on daily. Next resistance lies at 5.17 then 5.32

Six stocks I like for next week

2012-04-28T19:50:00.001+01:00

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EXCO Resources Inc (NYSE:XCO) displayed relative strength last week and broke out above resistance at the $6.76 level. XCO still showing strong accumulation on up days with high volume and selling on low volume. The overall outlook for the stock appears bullish IMO. Only a close below $6.5 would negate the bullish outlook for the stock. A close above $7.17 would reinstate short-term bullish trend that could propel the stock to the next target zone of $7.88.

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FormFactor, Inc.(NASDAQ:FORM) looks to have solid support at these prices and should start to trend higher from here. It's trading within a rising channel. FORM's stock has just touched the bottom of the channel and rebounced from there. In addition, the accumulation line starts to turn up, RSI is above 50 and has broken above its downtrend line. This company is in the midst of a turnaround and I expect the stock price to start to rise in anticipation. Early this month DA Davidson initiated the stock with a "Buy" rating and a price target of $12. They believe FormFactor is ready for "a return to profitability as the industry recovers and could more than double within just a year.

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Agnico-Eagle Mines Limited (NYSE:AEM) - I had this stock on my watchlist and it did not disappoint. The stock rallied from its Monday morning lows of $31.98 to $39.98 on Friday. That's a +24% rise. At this point, a short-term pullback would not surprise, but as long as price does not break below $34.56 the outlook is positive.

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Career Education Corp. (NASDAQ:CECO) is still in bottoming mode it looks like. The technical indicators are looking better now for the stock. The MACD is starting to rise, confirming a bullish divergence has taken form. Short-term levels to watch tomorrow $7.47 and then $7.85.

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PulteGroup, Inc. (NYSE:PHM) broke out on Friday and traded nearly 2x normal daily volume. The stock has the potential to make a big run next week, so keep a close eye on PHM and don’t miss the trade.

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Ascending triangle in formation in Kohl's Corporation (NYSE:KSS) daily charts. One can enter above $52.30 for a target of 57 keeping the stoploss at 49.85. Decreasing volumes and increasing RSI indicator adds strength to the pattern in formation.

Stocks Watchlist For Friday, April 27

2012-04-26T22:33:00.000+01:00

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Agnico-Eagle Mines Limited (NYSE:AEM) broke out across the key line today ! The 50 day moving average has been resistance for weeks. Today price finally broke through the 50-day. Use the 50-day as your stop if you play this. Next target 38

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PepsiCo, Inc. (NYSE:PEP) is consolidating its big run-up from the 62 to 67 area. A break of 67 would confirm continuation of the upmove with a target in the 68.72 to 69 area. Stop loss would be 64.62.

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DryShips Inc. (NASDAQ:DRYS) - Looking at daily chart, I notice what may be large bull flag formation, with stock price currently near the upper end of the formation. Near current price also looms the 50-day moving average, currently near the 3.35 level, which will act as solid resistance. The chart looks very strong overall.

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Career Education Corp. (NASDAQ:CECO) Positive divergence on daily indicates bounce coming.

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Stocks Watchlist For Thursday, April 26

2012-04-25T21:50:00.000+01:00

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Nice day for Zynga Inc(NASDAQ:ZNGA). I alerted this one on Twitter morning as a possible bounce play and the stock did what it was supposed to do, closing up 51 cents or 5.9% on the day trading more than 18 Million of shares. The stock hit a high of $9.19, which is resistance for Thursday’s move. ZNGA showed strength throughout the day and should continue this upside move. If the stock can break through this level, I expect to see another strong upside move to $9.49 and better. A stop-loss should be placed at $8.5

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Zagg Inc (NASDAQ:ZAGG) is displaying upside momentum and is poised to move higher from these levels. Nearest resistance for the stock is at 11.52. If this level is crossed and the stock is able to sustain above this level, then it might go to 14. The stock is a short squeeze candidate, with a short float at 45% (equivalent to 8 days of average volume). This stock can pop big time on any positive news.

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Onyx Pharmaceuticals, Inc. (NASDAQ:ONXX) hit a new 52-week high today, trading as high as $47.58, before settling at a close of $47,33. I'll be watching the stock on Thursday, looking for a follow through move. As long as the stock stay above $46, the bullish scenario still intact. Technical chart shows very strong bullish sign. First, the stock is trading above both 50-day and 200-day moving average with both moving average pointing upwards. Then the MACD indicator is positive and RSI still show the stock is on the positive swing.

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Harley-Davidson, Inc. (NYSE:HOG) broke out and never stopped all day. There is a good chance the stock will continue to move up. Tight stops should be used.

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5 Stocks that I will be watching for 25th April

2012-04-24T23:06:00.000+01:00

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Apple Inc. (NASDAQ:AAPL) are trading higher in the after-hours after reported net income above Wall Street’s expectations for the second quarter. Currently, shares are higher by 7%, trading at $600, they ended the regular session lower by 2%, at $560.28. Following the investors reaction in the extended trading we should see a gap up tomorrow morning. It will be important an interesting also, see if stock will have legs to close above $600. A breakout above this level would constitute a technical entry for the short term trader looking for a quick trade.

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Kimberly Clark Corp (NYSE:KMB) broke out to new highs today on 2x the daily average volume. The stock has been on fire since late February. It is hard to predict how far the momentum will take the stock. I'm using today’s high of $78.73 as resistance for Wednesday. A break above that area could trigger further bullish momentum and keep the bullish scenario intact. The outlook for KMB stays robust until it stays above $75. Fresh buys can be initiated with a stop at $74.8 ( 20 dma ).

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InterDigital, Inc. (NASDAQ:IDCC) finally rebounded on heavy volume after some rumors saying that company is exploring patent sale again. InterDigital, owns more than 8.600 patents and has an additional 10.000 on application. The patents cover a broad variety of wireless and wire line communication, including 2G, 3G, 4G, and LTE, as well as IEEE 802. The April $32 and $35 call options have been active. You want to keep IDCC on your screen for Wednesday’s trading.

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Banner Corporation (NASDAQ:BANR) had a great move on the upside today and closed at $22.44. The stock is setting up to break out and has one more level to go, which is $22.97.

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Tellabs, Inc. (NASDAQ:TLAB) - Looks like the Bulls are going to win this fight. Just one more push to change the trend. Technically, the stock is in a short-term Bull Market with share price above 5, 20 and 50 daily moving averages. Short-term investors can buy with a stop at $3.84 and long-term investors can hold with a stop at $3.73. Let's keep an eye on her as i think momentum will pick up. TLAB is a well capitalized company, with $3.20 in cash per share. I love the risk/reward so long as it holds above the $3.73 area and expect to see another upside move very soon.

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Top Trade ideas for Tuesday

2012-04-23T22:10:00.000+01:00

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Dendreon Corporation (NASDAQ:DNDN) shares are clearly under accumulation as traders become familiar with this company's potential. The accumulation line continues to scale new peaks as somebody out there gets extra-hungry for DNDN at these levels. There are several indications I see which suggest a near-term bottom, including large positive divergences on MACD in daily. A break above 11.03 on a close basis should be seen as a serious threat for the stock to test the 200 DMA at 13.19. Until that happens traders will want to be on high-alert to the possibility of a bullish reversal. Keep DNDN on your screen for Tuesday’s trading session.

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Gulf Resources, Inc.(NASDAQ:GURE) regained the 20-day average for the first time in over two months. STO bounced off the edge of oversold and is now back on the upswing. MACD just crossed above signal, giving the bulls the signal they wanted. GURE has momentum back on its side.

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Brinker International, Inc. (NYSE:EAT) had a strong move today, as the stock set new 52-week highs. The stock hit a high of $31.19, which is resistance for the follow through move. You should watch this stock closely on Tuesday.

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Fonar Corporation (NASDAQ:FONR) made a new 52 week high today closing at $6.40 on heavy volume. The stock hit a high of $6.44, which is now resistance for Tuesday’s continuation move. If the stock can break through resistance, we should see another strong upside move. FONR will move very quickly, so watch the stock closely on Tuesday.

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