November 17, 2011 at 17:38 PM EST
Hot small caps with Bullish short trends
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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.

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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.

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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.
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Gentiva Health Services, Inc.(NASDAQ:GTIV) is flagging here. If it's breaks $6 it will absolutely fly into the 7's right away.

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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.

Thanks for visiting AC Investor Blog.

AC
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