( click to enlarge ) Flotek Industries, Inc. (NYSE:FTK) broke out to a new all-time high today accompained by a strong volume suggesting higher levels. The stock has been on a remarkable run since November and it doesn’t looks like the trend will change soon. The technical chart still showing a bullish bias. KD line shows positive signs as %K line is rising on top over %D line and RSI continue moving up. The MACD has also formed an upside cross. I suspect the stock may continue to appreciate over the coming days.
( click to enlarge ) Lorillard Inc. (NYSE:LO) - Technically, its major resistance was broken today with good volume. There is a chance the stock will consolidate tomorrow, but keep a close eye in case the stock makes it move. I'll buy the stock once it breaks through Tuesday’s high. At the present level, the stock is in overbought territory from a technical standpoint, however it does not mean the stock won't still go up, but a pull back is needed. ( click to enlarge ) If the weakness continues and Ciena Corporation (NASDAQ:CIEN) breaks the support at $22.03, there will be a good chance that the stock will test the $20 support. However, as long as support holds a reversal is possible. Technically, there is nothing positive about the technical chart. All other indicators still point to a bear market. ( click to enlarge ) When I first alerted everyone this morning on twitter about an unusual high volume on GNBT, I fully expected a solid run and an increase in share price, but what we got was much more than I could have even hoped for. Shares of Generex Biotechnology Corporation (OTC:GNBT) closed the day gaining more than two percentage points. The stock has been on a down trend since it reached 52 weeks high of $.5598 in September. Its technical chart show some bullish signals as KD is now going up and the stock breaks above the 20-day moving average. With this daily chart bull signal its very possible that we could see a continuation into tomorrow. But I urge you not to buy a significant portion of your trading capital, because this is a penny stock, so be careful with the position size. Keep up to date by subscribing my newsletter or RSS feed. You may wish to also follow me on Twitter. Other stocks to watch :
Shares of Banner Corporation (NASDAQ:BANR) are starting to heat up again and are worth watching. If volume can pick up I think this stock can break through resistance at $2.56 and re-test its recent highs around $2.64. Shares of Cell Therapeutics, Inc. (NASDAQ:CTIC) were on fire Tuesday. The stock will have major resistance between $.49-$.512. A close over this level would be bullish and I'd look for CTIC to test the recent high of $.5548. Shares of DryShips Inc. (NASDAQ:DRYS) were on fire in pre market Tuesday but then traded flat during the day. I will buy the stock the next time it breaks $4.72.
Achillion Pharmaceuticals, Inc.(Nasdaq:ACHN) - This stock is breaking out technically.
If OceanFreight Inc. (NASDAQ:OCNF) can break out above $.75 with heavy volume, I think the stock could shoot up to test $.96. There looks to be good upside potential, so watch the stock very closely on Wednesday. Earnings Announcements for Wednesday
AdCare Health Systems Inc - ADK Ap Pharma Incorporated - APPA B&H Ocean Carriers Ltd - BHO China Architectural Engineering Inc - CAEI Clean Diesel Technologies Inc - CDTI Connecticut Bank And Trust Co - CTBC Cyclacel Pharmaceuticals Inc - CYCC Enova Systems Inc - ENA Fairpoint Communications Inc - FRP General Mills Inc - GIS HB Fuller Co - FUL HMG/Courtland Properties Inc - HMG icad Inc - ICAD Innovaro Inc - INV Laporte Bancorp Incorporated - LPSB Lentuo International Inc - LAS Marina Biotech Inc - MRNA Medicinova Inc - MNOV MER Telemanagement Solutions Ltd - MTSL Micronetics, Inc. - NOIZ National Beverage Corp - FIZZ Ocean Bio-Chem Inc - OBCI Omnova Solutions Inc - OMN Paychex Inc - PAYX PFSweb Inc - PFSW PhotoMedex Inc - PHMD PositiveID Corp - PSID Providence and Worcester Railroad Co - PWX RAE Systems Inc - RAE Red Hat Inc - RHT Retail Ventures Inc - RVI Saic Inc - SAI Star Buffet Inc - STRZ Steelcase Inc - SCS Superior Bancorp - SUP Tat Technologies Ltd - TATT Tib Financial Corp - TIBB Winland Electronics Inc - WEX
New 52-week High stocks
STJ - ST JUDE MEDICAL INC CBS - CBS Cl B CVX - Chevron NE - NOBLE DRILLING CORP FTK - FLOTEK INDS INC (DE) LO - Lorillard Inc CSX - C S X CORP VRX - Valeant Pharmaceutiscs CAR - Avis Budget Group Inc NFX - NEWFIELD EXPLORATION DVN - Devon Energy Cp NSC - NORFOLK SOUTHERN CORP ESV - Ensco Plc Adr ING - Ing Groep NV ADR GPOR - Gulfport Energy Corp PAY - Verifone Systems HS - HEALTHSPRING INC GLNG - GOLAR LNG LTD RES - R P C INC ACHN - Achillion Pharmaceutical SUN - SUNOCO INC KEG - Key Energy Services TDC - Teradata Corp CTCT - Constant Contact Inc GIL - GILDAN ACTIVEWEAR INC TZOO - Travelzoo Inc NBL - NOBLE AFFILIATES INC COG - CABOT OIL & GAS CORP WCG - WELLCARE HEALTH FLIR - FLIR Systems, Inc. PGH - Pengrowth Energy HSY - Hershey Corp CERN - Cerner Corporation MFN - Minefinders Corporation EROC - Eagle Rock Energy VPHM - ViroPharma Incorporation ADS - Alliance Data Systems OII - OCEANEERING INTL INC PKD - PARKER DRILLING CO OKE - ONEOK INC LUK - LEUCADIA NATIONAL CORP GGC - GEORGIA GULF CORP GTLS - CHART INDUSTRIES SBS - Co Saneamento PODD - Insulet Corp TMK - TORCHMARK CORP WRB - WR Berkley Corp FICO - Fair Isaac Inc CRR - CARBO CERAMICS INC HYC - HYPERCOM CORP CHD - CHURCH & DWIGHT CO INC PSSI - PSS World Medical Inc WLK - WESTLAKE CHEMICAL CP ISTA - Ista Pharmaceutical ACGL - Arch Capital Group Ltd WSO - WATSCO INC
UNDT - Universal Detection Technology HCKI - Wisebuys, Inc. AWYI - Ariel Way Inc. AGNC - American Capital Ag PRAN - PRANA BIOTECHNOLOGY WAG - WALGREEN CO NXCO - Nexicon Inc. XSRAY - Xstrata PLC AEN - Pipex Pharmaceutical POPT - Pop3 Media Corp. UMNG - UMINING Resources Inc. PARD - Poniard Pharma FTK - FLOTEK INDS INC (DE) CGAQ - Caribbean Casino & Gaming Corp. IDTA - IDenta Corp. VRGY - Verigy RTGV - RTG Ventures Inc. SNWT - San West Inc VPER - Viper Networks Inc. BLLB - Bell Buckle Holdings, Inc. TTII - GoHealth.MD Inc CRYP - Cryptologic Ltd UTOG - UNIONTOWN ENERGY INC CHGS - Point Acquisition Corp ZZ - SEALY CORPORATION EXPR - Express Inc VTSI - VirTra Systems Inc. ACHN - Achillion Pharmaceutical TWER - Towerstream Corp IMGG - Imaging3 Inc. MNGPY - Man Group PLC HGKGY - Hongkong Electric Holdings Ltd. TNRI - Titan Resources International Corp. GBTO - CARIBBEAN VILLA CATE HSYT - Home System Group CGHI - Centurion Gold Holdings Inc NDVLY - New World Development Co. Ltd. TGE - TGC Industries Inc VSHC - VisualHealthCare Corp. OXIS - Oxis International MAIN - Main Street Capital VOG - Ante4 Inc MSHL - MARSHALL EDWARDS INC CHNG - Coventure International GRPR - Grid Petroleum Corp MITK - Mitek Systems, Inc. OME - OMEGA PROTEIN CORP HTHIF - Hitachi Ltd AVNA - Dynamic I-T Inc YPF - Y P F SOCIEDAD ANONIMA AGRT - AGR Tools Inc MZBY - ASIA PMT SYS INC NTSP - NetSpend Holdings MAGS - Magal Security Systems WOLF - GREAT WOLF RESORTS INC VNDB - Vendum Batteries CBAK - China BAK Battery SDTH - Shengdatech LJPC - La Jolla Pharma CNVR - Convera Corporation BLEW - Bluewave Group Inc KNBWY - Kirin Holdings NVGN - Novogen Limited BESV - VERDISYS INC TNUS - Total Nutraceutical KUB - KUBOTA CORP ORXRF - OREMEX RES INC ECYT - Endocyte Inc MTVO - Montavo Inc AMFE - Technical Ventures Inc CAZFF - Caza Oil & Gas Inc TRRXF - TNR Gold Corp IMOS - Chipmos Tech CPC - Chemspec International
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. As always, good luck ! AC