August 25, 2010 at 17:01 PM EDT
Stock Picks for Thursday August 26
( click to enlarge )

Let's take a look at MOT 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 50-day and 200-day moving average.
- The 50-day moving average in mid of August has crossed on top over 200-day moving average to form Golden Cross
- KD line crossing upward
- Institutions have been buying the stock in the last quarter
- RSI shows the stock may be ready for a rebound

The stock has been one of the strongest stocks the past month as it has traded from $6.36 in July, up to $8.18 in mid-August. The stock has pulled back to the $7.50 range and seems to be setting up for another upside move. I'm a buyer of MOT once it breaks $7.58.

( click to enlarge )

GIGM broke out today, and I am looking for a continuation move on Thursday. Heavy volume came in as GIGM broke through its resistance level of $2.05. From the technical chart it looks like GIGM is ready for another rally as %K line is on top of %D line indicating buy signal. In addition, the stock is back above 50-day moving average again, another positive sign.
( click to enlarge )

After a solid breakout on rising volume GNBT has pulled back to support near $.40 and should set up for its next upside move. The stock might trade in a tight range in the next sessions, but I will continue to watch in case it makes a move. The resistance level stays at $.491. Keep watching GNTB for the next few trading sessions.

Other stocks to watch :

New 52-week High stocks

UNH - UNITEDHEALTH GROUP INC
PAY - Verifone Systems
PAR - 3PAR Inc
PCG - P G & E CORP HLDG CO
MEND - MICRUS ENDOVASCULAR
PTP - Platinum Underwrite
ITC - ITC HOLDINGS CORP

New 52-week Low stocks

BAC - BANK OF AMERICA CORP
INTC - Intel Corporation
WFC - WELLS FARGO & CO
CSCO - Cisco Systems, Inc.
AMAT - Applied Materials
HPQ - HEWLETT-PACKARD CO
CX - CEMEX S.A.
YHOO - Yahoo! Inc
MDT - MEDTRONIC INC
SCHW - Charles Schwab Corp
VLO - VALERO ENERGY CORP NEW
STX - Seagate Tech
FLEX - Flextronics International
IP - INTERNATIONAL PAPER CO
HIG - Hartford Financial
SPLS - Staples, Inc.
ONNN - ON Semiconductor Co
BBT - BB&T CORPORATION
ECA - EnCana Corp
MWW - Monster Worldwide Inc
GT - GOODYEAR TIRE & RUB
SWN - SOUTHWESTERN ENERGY CO
BBY - BEST BUY CO INC
CNX - CONSOL Energy Inc
MFC - MANULIFE FINANCIAL
WDC - WESTERN DIGITAL CORP
TMO - Thermo Fisher Science
NUE - NUCOR CORP
GD - GENERAL DYNAMICS CORP
RRC - Range Resources Corp
JBL - JABIL CIRCUIT INC
ITW - ILLINOIS TOOL WORKS
ALL - ALLSTATE CORP
SPWRA - SUNPOWER CORPORATION
WY - WEYERHAEUSER CO
HRB - BLOCK H & R INC
IGT - INTERNATIONAL GAME
STP - SUNTECH POWER HOLDINGS
PBCT - People's Bank
UPL - ULTRA PETROLEUM CP
SVU - SUPERVALU INC
NRG - NRG Energy Inc
FII - FEDERATED INVESTORS
TC - BLUE PEARL MINING LT
NXY - Nexen Inc
COG - CABOT OIL & GAS CORP
AUO - AU OPTRONICS CORP
AVT - AVNET INC
CECO - Career Education Co
RRD - Donnelley (RR) & Sons
RS - RELIANCE STEEL & AL
PBI - PITNEY BOWES INC
ITT - ITT Corp
CSC - COMPUTER SCIENCES CORP
VMC - VULCAN MATERIALS CO
BYD - BOYD GAMING CORP
QLGC - QLogic Corporation
EQT - EQT Corporation
MWV - MEADWESTVACO CORP
STO - Statoil ASA
OSK - Oshkosh Corp
HLX - Helix Energy Solutions
IRM - IRON MOUNTAIN INC
RY - ROYAL BANK OF CANADA
IM - INGRAM MICRO INC
CTV - COMMSCOPE INC
GRMN - Garmin Ltd
CRK - COMSTOCK RESOURCES INC
STM - STMicroelectronics NV
QGEN - Qiagen N.V.

MACD Bullish Cross

SOMX - SOMAXON PHARMACEUTIC
WMT - Wal-Mart Stores Inc
TLAB - Tellabs, Inc.
JCP - PENNEY J C CO INC
WNBD - Global E Tutor, Inc.
OLNK - OneLink Corporation
PAY - Verifone Systems
PCS - MetroPcs Communications
HL - HECLA MINING CO
KSS - KOHLS CORP
CWTR - Coldwater Creek, Inc.
COST - Costco Wholesale Co
XDSL - mPhase Technologies
PCG - P G & E CORP HLDG CO
YUM - TRICON GLOBAL REST INC
DPS - DR Pepper Snapple G
LO - Lorillard Inc
AVII - AVI BioPharma, Inc.
ISIL - Intersil Holding Co
SHW - SHERWIN WILLIAMS CO
TLB - TALBOTS INC
ANAD - ANADIGICS, Inc.

MACD Bearish Cross

BSX - BOSTON SCIENTIFIC CORP
M - FEDERATED DEPARTMENT
WAG - WALGREEN CO
ADI - ANALOG DEVICES INC
CMS - C M S ENERGY CORP
NFLX - Netflix, Inc.
SFIO - SMOKEFREE INNOTEC INC
IBN - Icici Bank Ltd
AU - Anglogold Ashanti L
TTM - TATA MOTORS LTD ADS
POM - Potomac Electric Po
KG - KING PHARMACEUTICAL
TSN - TYSON FOODS INC CL A
WCRX - Wrner Chil Plc A
VTG - Vantage Drilling
AOD - ALPINE TOTAL DYNAMIC

Unusual Volume


QASP - Quasar Aerospace Industries, Inc.
DTRO - Deltron Inc
SNDY - Solos Endoscopy, Inc.
SOMX - SOMAXON PHARMACEUTIC
CEMJQ - Chemtura Corporation
PCFG - Pacific Gold Corp.
HCKI - Wisebuys, Inc.
BNYN - Banyan Corp.
TXHE - Texhoma Energy, Inc.
OXIS - Oxis Interntnl
CWTR - Coldwater Creek, Inc.
GIGM - GigaMedia Limited
PBEC - Pacific Blue Energy
AMRN - Amarin Corporation
SPU - SKYPEOPLE FRUIT JUICE
SNEYD - Sunergy Inc
GISV - Uintah Mtn Copper Co
PTSEF - POINTS INTL LTD
CCRT - Comp Cr Hldg Crp
SHMN - SOHM Inc

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.

Good luck to all,

AC
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