( click to enlarge ) Sino Clean Energy Inc. (NASDAQ:SCEI) - Shares of the leading producer and distributor of coal-water slurry fuel in China surged 41% to $1.47 per share today after announced unaudited financial results for the third quarter of 2011. The technical chart displays a downtrend line broken to the upside on heavy volume. The stock is now back to positive trend again as it is now back above 50 day moving average after staying below the moving average for four months. The technical chart is also showing a bull market signal as %K line is still on top of %D line while MACD is near its signal line. SCEI could be heading for a new bull market rally.
( click to enlarge ) Pacific Ethanol Inc (NASDAQ:PEIX) shares closed at $1.40 Monday, a gain of 0.72% percent with a volume of 28 million of shares. The stock has surged more than 500% in the past 5 weeks. On a technical basis Pacific Ethanol seems to be overextended. It has been overbought too quickly for most of the momentum to be sustainable. Based on the current RSI levels in the stock, the probability of the rally continuing next week is not high. Nonetheless, the stock can go higher even if is overextended. Although the recent move maybe needs a small correction before going higher. At this point, I recommend using this rally as an opportunity to raise cash, sit on the sidelines and wait for a good buying opportunity for the long term. I remain very sceptical of where the price will go in the next few days.
( click to enlarge ) Energy Conversion Devices, Inc. (NASDAQ:ENER) remains in a clear short-term uptrend but the recent surge may spur some profit taking. The stock needs to break Thursday’s high of $.435 to expect a strong rally at this point. ( click to enlarge ) Gentiva Health Services, Inc.(NASDAQ:GTIV) is flagging here. If it's breaks $6 it will absolutely fly into the 7's right away. 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 Friday, November 18
Advanced Battery Technologies Inc - ABAT American Defense Systems Inc - EAG Ann Inc - ANN ARC Wireless Solutions Inc - ARCW B&H Ocean Carriers Ltd - BHO Brady Corp - BRC Chimera Investment Corp - CIM China Medical Technologies Inc - CMED Comverse Technology Inc - CMVT Cost Plus Inc - CPWM Cyberonics Inc - CYBX Fibertower Corp - FTWR H J Heinz Co - HNZ Harbinger Group Inc - HRG Hibbett Sports Inc - HIBB HSW International Inc - HSWI Kingtone Wirelessinfo Solution Holding Ltd - KONE Kirklands Inc - KIRK Magyar Bancorp Inc - MGYR Mines Management Inc - MGN Northwest Pipe Co - NWPX Nutraceutical International Corp - NUTR On Track Innovations Ltd - OTIV Optibase Ltd - OBAS OptimumBank Holdings Inc - OPHC Pluristem Therapeutics Inc - PSTI Qiao Xing Mobile Communication Co Ltd - QXM Qiao Xing Universal Resources Inc - XING Recon Technology Ltd - RCON Rosetta Genomics Ltd - ROSG Shanda Games Ltd - GAME Sirona Dental Systems Inc - SIRO Tsakos Energy Navigation Ltd - TNP WGL Holdings Inc - WGL
The following list show stocks whose OBV has been increasing over the last 3 days
TOL - TOLL BROTHERS INC NLST - NETLIST INC YOKU - Youku.com Inc. LPX - LOUISIANA PACIFIC CORP FTK - FLOTEK INDS INC (DE) INFA - Informatica Corp IDCC - Interdigital Communication APKT - Acme Packet Inc CLR - Continental Resources USG - U S G CORP VRUS - Pharmasset Inc TPLM - TRIANGLE PETROLEUM PKD - PARKER DRILLING CO MDC - MDC HOLDINGS INC MENT - Mentor Graphics Corporation SPW - S P X CORP VNET - 21Vianet Grp Adr CYS - Cys Investments CIE - Cobalt International VPHM - ViroPharma Incorporation LPL - LG Display Co FSL - Freescale Semiconductor ANDS - ANADYS PHARMACEUTICAL RATE - Bankrate Inc TNK - Teekay Tankers Ltd PWRD - Perfect World Co Ltd TLEO - TALEO CORPORATION QUAD - Quad Graphics Inc HAIN - The Hain Celestial PCYC - Pharmacyclics RAH - RALCORP HOLDINGS INC PKT - ZOWCOM INC MX - MagnaChip Semiconductor STMP - Stamps.com Inc. LQDT - LIQUIDITY SERVICES TK - Teekay Co RBN - ROBBINS & MYERS INC MKTG - Responsys Inc MSSR - McCormick & Schmiks MERC - Mercer International DRQ - DRIL QUIP INC OPNT - OPNET Technologies QNST - QuinStreet Corp ECYT - Endocyte Inc UVV - UNIVERSAL CORP EROC - Eagle Rock Energy MAIN - Main Street Capital HOGS - Strong Technical Inc AMAG - Amag Pharma WIFI - Boingo Wireless 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.