( click to enlarge ) I've alerted my readers about the potential upside movement in Novatel Wireless, Inc. (NASDAQ:NVTL) shares last week and yesterday to all my twitter followers at $3.40. The stock has come up to my expectations as it was among the top gainers of Nasdaq exchange during Friday’s session. It ended the day at $3.86 trading more than 800.000 shares, well above its average volume. If you are on board, there is nothing more to do but enjoy the ride.
( click to enlarge ) Affymax, Inc. (NASDAQ:AFFY) - At some point I think AFFY will have a nice pop to the upside followed by a strong and sustained upward move. With this stock trading as high as $8 in July, I think today's current price of $5.11 represents a great opportunity for investors. This company has a free cash flow per share of $3.19 and no debt. From the technical analysis perspective, the outlook for AFFY is relatively bullish. The stochastic analysis is signaling a bullish outlook which can be further confirming in MACD and ADX charts. Lastly, the accumulation/distribution indicator shows the stock under strong accumulation. The buy point is still around $5.20 on strong volume.
( click to enlarge ) I don't like to speculate but it's clear that something will happen soon on Yahoo! Inc. (NASDAQ:YHOO). The December series shows a huge amount of calls at the 19,20 and 21 strikes. It looks like people are really convinced that stock will breakout over $18 and $20 soon. An interesting story in today's The Wall Street Journal highlights that Google Inc. has talked to at least two private-equity firms about potentially helping them finance a deal to buy Yahoo Inc.'s core business. This company continues to attract huge name suitors, therefore i'm still playing on the long side holding my long position and waiting for the possible deals. Let’s keep an eye on it.
( click to enlarge ) Zions Bancorporation (NASDAQ:ZION) - In the daily chart above the stock is forming a possible Inverted Head and Shoulders Pattern. If the stock price breaks out of the neckline, target level is around $21. My model is mixed with upside bias. For now lets wait for that break out to occur.
( click to enlarge ) It is very clear that Rambus Inc. (NASDAQ:RMBS) wants to move higher again, but too much caution right now. Once we get a couple of positive events, we will move rapidly. Rambus reacted to the $17 mark over the past week and has suffered a small correction as shown in the chart above. Short term support for the stock is in the 15.96 to 15.62 region. There should be room for another leg upward once the stock digests this small correction.
I encourage everybody to subscribe my twitter and newsletter, so you can receive my trade ideas and stock news in real time. Other stocks to watch :US Earnings Calendar for Monday, October 24
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GTY Global Geophysical Services Inc - GGS Green Bankshares Inc - GRNB Hancock Holding Co - HBHC Hanesbrands Inc - HBI Health Management Associates Inc - HMA Healthstream Inc - HSTM Healthways Inc - HWAY Heartland Financial USA Inc - HTLF Helix Energy Solutions Group Inc - HLX Heritage Commerce Corp - HTBK Hexcel Corp - HXL HF Financial Corp - HFFC Horace Mann Educators Corp - HMN Hub Group Inc - HUBG Idenix Pharmaceuticals Inc - IDIX Ikonics Corp - IKNX Indiana Community Bancorp - INCB Insignia Systems Inc - ISIG InsWeb Corp - INSW Interactive Intelligence Inc - ININ Interdigital Inc - IDCC Invesco Ltd - IVZ John B Sanfilippo & Son Inc - JBSS Kaiser Aluminum Corp - KALU Kansas City Life Insurance Co - KCLI Kimberly Clark Corp - KMB Laclede Group Inc - LG Lakeland Financial Corp - LKFN Landstar System Inc - LSTR LNB Bancorp Inc - LNBB Lojack Corp - LOJN Lorillard Inc - LO LyondellBasell Industries NV - LYB Mando CorpManhattan Bridge Capital Inc - LOAN Masco Corp - MAS Meridian Interstate Bancorp Inc - EBSB Metro Bancorp Inc - METR Midas Inc - MDS Middleburg Financial Corp - MBRG Nara Bancorp Inc - NARA Navios Maritime Partners LP - NMM Nbt Bancorp Inc - NBTB Netflix Inc - NFLX New Century Bancorp Inc - NCBC NextEra Energy Inc - NEE Northeast Utilities - NU Northfield Bancorp Inc - NFBK Northrim BanCorp Inc - NRIM Ocean Shore Holding Co - OSHC Oci Co LtdOld Point Financial Corp - OPOF Oneida Financial Corp - ONFC Oritani Financial Corp - ORIT Orrstown Financial Services Inc - ORRF Owens And Minor Inc - OMI PAM Transportation Services Inc - PTSI Parke Bancorp Inc - PKBK Patrick Industries Inc - PATK Peoples Bancorp Inc - PEBO Peoples Federal Bancshares Inc - PEOP Peoples Financial Corp - PFBX Petmed Express Inc - PETS Pinnacle Data Systems Inc - PNS Plum Creek Timber Co Inc - PCL PLX Technology Inc - PLXT Porter Bancorp Inc - PBIB Potlatch Corp - PCH PRGX Global Inc - PRGX Provident New York Bancorp - PBNY Pure Bioscience - PURE PVF Capital Corp - PVFC Radcom Ltd - RDCM Reinsurance Group of America Inc - 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VLTR Washington Trust Bancorp Inc - WASH Wausau Paper Corp - WPP Willis Group Holdings PLC - WSH WisdomTree Investments Inc - WETF Yadkin Valley Financial Corp - YAVY Zions Bancorporation - ZION
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.