BAC - From a technical standpoint, there are some signs of a possible bounce here due to the oversold indicators and some positive divergences, which often leads to short covering. Let’s see whether the stock can gather enough momentum to break through $13.10.
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WCRX broke out on huge volume. The stock closed up $1.30 today and looks poised to make another move on Tuesday. If WCRX breaks through today’s high of $29.81, I am a buyer of the stock. The technical chart above shows the stock is on a strong bull market as the stock is trading above 50-day and 200-day moving with both moving average pointing upwards. I will watch the stock closely on Tuesday and buy once it breaks through resistance. ( click to enlarge )
MU - The stock had a nice move, closing the day at $7.36 . MU seems to want to bounce from lows and the increased volume shows there were buyers in the stock. I'm looking to buy the stock above today’s high of $7.45 and we could see a nice quick pop above the $7.61 price level. Let's keep an eye on MU as i think momentum will pick up. ( click to enlarge )
I first alerted you on GNBT on August 17th when it was trading at $.037, quickly the next day we saw gains of more than 10% and the stock finished the day at $.4189. I continued to say the gains would continue and in fact today GNBT gained another 10%. I have been right on the money so far with GNBT. Honestly, looking at the technical chart this looks to be just the beginning of GNBT's run and I’m extremely confident that the gains will continue! The volume was tremendous, with more than 6.4 Million of shares traded in a single day, compared with a normal average of less than 1. 5 M shares a day. The stock looks like it can run up to the $.59-$.60 level. Make sure to keep an eye on this stock on Tuesday.
Other stocks to watch :
New 52-week High stocks
PAR - 3PAR Inc POT - POTASH CORP SASKATC WCRX - Wrner Chil Plc A AKAM - Akamai Technologies MCD - MCDONALDS CORP ISLN - Isilon Systems Inc VMW - VMWARE INC CLASS A CTXS - Citrix Systems, Inc. INFA - Informatica Corp NANO - Nanometrics Incorporation POM - Potomac Electric Po ENDP - Endo Pharmaceutical APKT - Acme Packet Inc JKS - JINKOSOLAR HOLDINGS AAP - ADVANCE AUTO PARTS INC MIPS - MIPS Technologies QSFT - Quest Software, Inc. PTP - Platinum Underwrite EBIX - Ebix Inc MELI - MercadoLibre Inc VIT - Vanceinfo Technology HANS - Hansen Natural Corp MKC - MCCORMICK & CO INC
New 52-week Low stocks
HPQ - HEWLETT-PACKARD CO WFC - WELLS FARGO & CO HIG - Hartford Financial CX - CEMEX S.A. SPLS - Staples, Inc. BBT - BB&T CORPORATION SVU - SUPERVALU INC CEG - Constellation Energy MWW - Monster Worldwide Inc FORM - FORMFACTOR INC RHI - ROBERT HALF INTL INC STM - STMicroelectronics NV KCG - Knight Capital RRD - Donnelley (RR) & Sons UTA - Universal Travel LLL - L3 Comm CSC - COMPUTER SCIENCES CORP CYH - COMMUNITY HEALTH SY ARRS - Arris Group Inc ISIS - Isis Pharmaceutical CTV - COMMSCOPE INC LINC - LINCOLN EDUCATIONAL VPRT - Vistaprint Nv CME - CME Group Inc PLXS - Plexus Corp. WOOF - VCA Antech, Inc OSG - OVERSEAS SHIPHLDG G BKE - Buckle Inc WINN - WINN-DIXIE STORES ORN - Orion Marine Group Inc
MACD Bullish Cross
AMNG - The Amergence Group ES - EnergySolutions Inc CIM - Chimera Investment OPMG - Options Media Group HCBK - Hudson City Bancorp TSN - TYSON FOODS INC CL A HMA - Health Management A ISLN - Isilon Systems Inc TGT - TARGET CORP INFA - Informatica Corp EAT - BRINKER INTL INC MDR - MCDERMOTT INTL INC ANN - ANNTAYLOR STORES CORP HGSI - Human Genome Science NZ - Netezza Corp OC - Owens Corning Inc AMKR - Amkor Technology, Inc. ROST - Ross Stores, Inc. CDNS - CADENCE DESIGN SYS INC EPI - WisdomTree India Ea PXD - PIONEER NATURAL RES CO PWRD - Perfect World Co Ltd
XYNH - Xynergy Holdings, Inc. PWLK - POWERLOCK INTL CORP SMMT - STRATCOMM MEDIA LTD JAZZ - Jazz Pharmaceutical IDGI - Inca Designs, Inc. THMRQ - Thornburg Mortgage Inc NSOL - NUCLEAR SOLUTIONS INC AVEW - Actionview International Inc. XING - Qiao Xing Uni Re NXTH - NXT Nutritionals Ho EPCT - EPICEPT CORPORATION SATM - Echo Satellite Communication SCOK - Sincokng C&C Che GUT - GABELLI UTILITY TRUST TERA - TERAFORCE TECH CORP SMCE - SMC Recordings Inc. AKO.B - Embotelladora Andin EXLLF - EXCELLON RESOURCES FLPC - First Liberty Power CULBF - CoolBrands International FLMTF - FULL METAL MINERALS
The following list shows stocks whose MA(13) crossed above MA(50)
LVLT - Level 3 Communications MFE - MCAFEE, Inc. JNJ - JOHNSON & JOHNSON AKAM - Akamai Technologies AUY - YAMANA GOLD INC NFLX - Netflix, Inc. GDX - MKT VECT GOLD MNRS ABX - BARRICK GOLD CORP DYN - Dynegy Delaware Inc MPEL - Melco Crown Adr DVN - Devon Energy Cp BSDM - BSD Medical Corp CVO - MAIL WELL INC EGO - ELDORADO GOLD CP CPB - CAMPBELL SOUP CO IAG - IAMGOLD CP AEM - AGNICO EAGLE MINES LTD CHTP - Chelsea Therapeutical UTA - Universal Travel AON - AON CORP NTRS - Northern Trust Corp
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.