Stock Picks for Tuesday, October 19
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SIGA Technologies, Inc.(NASDAQ:SIGA) has been one of the hottest stocks around, trading up from $8.00 to its current price of $14.38, all this month. Monday, the stock closed at $14.06, trading 3x normal daily volume.  I am buying SIGA again once it breaks $14.38, but I recommend using the stops on this stock.
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Citigroup Inc. (NYSE:C) released earnings and was one of the big winners on Monday.  The stock traded as high as $4.20, before pulling back the last hour of the day.  I am watching the stock on Tuesday, and will be buying once the stock breaks through Monday’s high of $4.20. Citigroup could be a good stock for medium-term investment, based on its historical performance and from the technical indicators. Let's keep an eye on it.
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GigaMedia Limited (NASDAQ:GIGM) was a bit weak today despite a positive stock market. It appears that the 50-day moving average located at $2.01 was successfully tested. The momentum clearly favors the bulls. As long as GIGM can remain over $2, I like the stock. If $2.10 is broken, look for $2.4-$2.5. Today's pullback has been on lower volume just as it should be. Looking for a nice bounce from here with accumulation and relative strength.
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OceanFreight Inc. (NASDAQ:OCNF) - Technical breakout on no news. I don't see anything until the $1.32-$1.5 area. The stock is now back above the 50 day moving average which is very bullish. Let's keep an eye on her as i think momentum will pick up.
Other stocks to watch :  New 52-week High stocks 
 AGAM - AGA Medical Holdings
AAPL - Apple Inc
ORCL - Oracle Corporation
AGN - ALLERGAN INCORPORATED
IBM - INTERNATIONAL BUSINESS
COP - ConocoPhillips
AMZN - Amazon.com, Inc.
UNH - UNITEDHEALTH GROUP INC
NU - NORTHEAST UTILITIES
MCD - MCDONALDS CORP
MCP - Molycorp Inc
HAS - HASBRO INC
SWKS - SKYWORKS SOLUTNS
D - DOMINION RESOURCES
PWE - PENN WEST ENERGY TRU
MFE - MCAFEE, Inc.
AEE - AMEREN CORP
WPI - WATSON PHARMACEUTICALS
SIGA - SIGA Technologies Inc.
NST - NSTAR
CNP - CenterPoint Energy Inc
ZAGG - Zagg Incorporated
RDC - ROWAN COS INC
ISLN - Isilon Systems Inc
AMX - America Movil SA
FRX - FOREST LABORATORIES
SO - SOUTHERN CO
VMED - Virgin Media Inc
SCCO - Southern Copper Cp
SVM - Silvercorp Metal
STZ - Constellation Brand
ED - CONSOLIDATED EDISON
RAI - RJ Reynolds Tobacco
APH - AMPHENOL CORP
AMP - AMERIPRISE FINANCIAL
SUN - SUNOCO INC

The Top Internet stocks based on daily volume
YHOO - Yahoo! Inc
BIDU - Baidu Inc
GOOG - GOOGLE INC CL A
AKAM - Akamai Technologies
GIGM - GigaMedia Limited
VRSN - VeriSign, Inc.
MWW - Monster Worldwide Inc
EQIX - Equinix, Inc.
RAX - Rackspace Hosting Inc
VCLK - ValueClick, Inc.
FFIV - F5 Networks, Inc.
ELNK - EarthLink, Inc.
NTES - Netease.com, Inc.
TSYS - TeleCommunication S
SOHU - Sohu.com Inc.
VHC - PASW Inc.
ZIXI - ZixIt Corporation
LLNW - Limelight Networks Inc
DRIV - Digital River, Inc.
RNWK - RealNetworks, Inc.
TMRK - Terremark Worldwide
ARTG - Art Technology Group
UNTD - United Online Inc
ASIA - Asiainfo Linkage
MOVE - Move Inc
ARBA - Ariba, Inc.
INAP - InterNAP Network
OPWV - Openwave Systems Inc
SPRT - Support.Com Inc
PAET - US LEC Corp.
BBBB - BLACKBOARD INC
SXCI - SXC Health Solutions
REDF - Rediff Com
WBSN - Websense, Inc.
PWRD - Perfect World Co Ltd
LPSN - LivePerson, Inc.
MLNK - CMGI, Inc.
APEI - American Public Education
CTCT - Constant Contact Inc
RDWR - Radware Ltd.
SIFY - Sify Tech Lt ADR
INET - Internet Brands Inc
JCOM - JFAX.Com Inc.
SONE - S1 Corporation
SFLY - SHUTTERFLY INC
WBMD - Webmd Health Crp
GA - Giant Interactive G
SABA - Saba Software, Inc.

Below is a list of stocks whose chart displays a cup and handle pattern

F - FORD MOTOR COMPANY
PG - PROCTER & GAMBLE CO
DIS - DISNEY CO WALT HLDG CO
ETFC - E*Trade Financial Inc
 SU - SUNCOR ENERGY INC
KR - KROGER CO
UPS - UPS
TLAB - Tellabs, Inc.
TSO - Tesoro Corp
TEVA - Teva Pharmaceutical
TCK - Teck Recs B
ADSK - Autodesk, Inc.
QLGC - QLogic Corporation
D - DOMINION RESOURCES
MBT - MOBIL TELESYSTEMS
SE - SPECTRA ENERGY CORP
KWK - Quicksilver Resources
VECO - Veeco Instruments Inc.
ABB - ABB LTD
PCL - PLUM CREEK TIMBER CO
RMD - RESMED INC
AINV - APOLLO INVT
GTI - GrafTech International
KT - KOREA TELECOM CORP
CIT - CIT GROUP INC
CE - CELANESE CORPORATION
TM - TOYOTA MOTOR CORP
PRXL - PAREXEL International
AZN - ASTRAZENECA PLC
KMT - KENNAMETAL INC
KFN - KKR Financial Hldg
HNT - Health Net Inc
STRI - STR Holdings
SJM - Smucker JM Co
BGCP - eSpeed, Inc.
CBE - Cooper Inds Plc
GRA - GRACE W R & CO NEW
CLI - MACK CALI REALTY CORP
CVE - Cenovus Energy Inc
PNR - PENTAIR INC
LPSN - LivePerson, Inc.
SBNY - SIGNATURE BANK
ELY - CALLAWAY GOLF CO
TTES - T-3 Energy Services.
OTEX - Open Text Corporation
TRMK - Trustmark Corporation
NPSP - NPS Pharmaceuticals
SFN - Sfn Group Inc
RTI - R T I INTERNATIONAL
KYN - KAYNE ANDERSON MLP
DG - Dollar General Corp
PRE - PARTNER RE LTD
IDA - IDACORP INC
AIXG - Aixtron Aktienge

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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