Archive for the ‘TA’ Category
Citigroup (C) Ready To Bounce
Citigroup (C) has been selling off with other big banks, as the impact of financial reform weighs on investor sentiment. The stock is now pulling into support between 3.50 and 3.75 and should bounce strongly soon.
Amazon (AMZN) Turns The Corner
Amazon (AMZN) tested the 2010 breakout level near 100 twice and posted a double bottom pattern in July. It’s now rallied up to the June high at 129, confirming the start of a new uptrend. A pullback to 50-day moving average support near 121 to 122 should offer a great buying opportunity. [...]
Wynn Resorts (WYNN)
Wynn Resorts (WYNN) has carved out a trading range, with support in the 70s and resistance at 90. It sold off on Friday, after reporting earnings, but recovered and closed near 88. The stock could challenge resistance this week and finally break out.
Wide Range Activity
Here are stocks showing unusual trading ranges in Thursday’s session. These often set up nice second day trading opportunities:
Advanced Energy Ind Inc
AEIS
17
3.19
25270
Clean Energy Fuels Corp
CLNE
16.56
0.88
30147
Direxion Daily Real Estate Bear 3X Shares
DRV
30.82
-3.97
21939
Education Management
EDMC
15.17
-1.55
8996
Eagle Materials Inc
EXP
25.72
-1.04
11417
Georgia Gulf Corp
GGC
12.9
1.33
6123
Idt Corp Cl B
IDT
16.9
1.55
6842
Isilon Systems Inc
ISLN
16.38
2.82
33328
Integrated Silicon Sol
ISSI
9.05
1.12
8730
Itron Inc
ITRI
57.93
-4.8
35579
Janus Capital Group Inc
JNS
10.59
1.12
141245
LogMeln
LOGM
27.8
-1.99
6849
Electro-Optical Sciences Inc
MELA
6.71
0.24
11789
Mercer Internat Inc [...]
Down on an Up Day
The following stocks sold off on Wednesday, despite the huge recovery rally. Theoretically, stocks that underperform in good market conditions should lead to the downside in bad market conditions. (ETFs have been removed):
Bj’s Wholesale Club Inc
BJ
42.72
-0.49
30425
Bruker Corp
BRKR
11.15
-0.79
31327
China Unicom Hong Kong Ltd
CHU
13.6
-0.07
16702
Cke Restaurants Inc
CKR
12.52
-0.01
26128
Cybersource Corporation
CYBS
25.47
-0.03
39340
Dollar General Corporation
DG
27.95
-0.05
34631
Dollar Tree Stores Inc
DLTR
41.61
-1.32
45206
Edwards Life Sciences
EW
55.24
-1.36
24881
Fti Consulting Inc
FCN
32.14
-11.13
119704
Family [...]
Up on a Down Day
The following stocks moved higher on Tuesday, despite broad selling pressure. These fall into two broad categories: resilient in the face of weakness and short based funds and ultra funds:
Athenahealth
ATHN
25.71
0.45
10221
Astrazeneca Plc
AZN
48.74
4.02
79664
BP P.L.C.
BP
27.67
0.62
676131
DynCorp International Inc
DCP
17.46
0.06
24687
DB Gold Double Long ETN
DGP
33.39
0.08
14743
ProShares UltraShort Oil & Gas
DUG
74.24
4.35
25306
ProShares UltraShort Dow 30
DXD
30.33
1.51
103061
Direxion Daily Emerging Markets Bear 3x
EDZ
48.72
5.11
42121
ProShares UltraShort [...]
Playing Post Russell
The following stocks showed unusual volume spikes in Friday’s session. Mean reversion after the Russell rebalancing could trigger buyable pullbacks on the stronger members of this group:
ACE Limited
ACE
53.2
0.41
224057
Alcon Inc
ACL
151.44
1.9
41210
Accenture Ltd
ACN
40.55
3
531599
American Equity Invst Life Hld
AEL
11.39
1.37
37837
American Capital Agency Corp.
AGNC
28.97
0.53
42618
Assured Guaranty Ltd
AGO
13.69
0.19
126382
Alkermes Inc
ALKS
13.09
0.87
44080
Alterra Capital Holdings
ALTE
19.08
-0.14
88877
Amgen Inc
AMGN
56.26
0.11
332973
Ares Capital
ARCC
13.1
-0.07
250178
Asiainfo Holdings Inc
ASIA
23.07
0.1
58593
Atheros Communications Inc
ATHR
29.85
0.36
109559
Atlas Energy Inc
ATLS
29.74
0.47
91505
Aerovironment Inc
AVAV
21.43
-1.83
29094
American Water Works
AWK
21.02
0.22
56513
Acuity Brands
AYI
43.99
-0.05
63875
Brink’s Co
BCO
20.4
0.22
41734
Blackrock [...]
Range Expansion Plays for June 14th
The following stocks showed notable range expansion in Friday’s session and could set up a variety of opportunities in Monday’s session:
Arc Sight` Inc.
ARST
23.4
31939
3.58
Boston Private Fincl Hld
BPFH
6.27
5755
0.5
China Electric Motor Inc
CELM
5.55
1553
0.63
Conn’s Inc
CONN
7.14
2199
0.73
Canadian Solar Inc
CSIQ
10.38
18902
0.59
Delcath Systems Inc
DCTH
10.22
38572
1.02
Houston American Energy Corp
HUSA
13.47
3005
1.6
US Airways Group Inc
LCC
9.93
147998
0.77
Mannkind Corp
MNKD
6.5
32312
0.25
Pilgrim’s Pride Corp
PPC
7.9
5680
0.77
Perfect World Co Ltd
PWRD
25.63
12971
3.17
Sonic Solutions
SNIC
9.69
14244
0.24
Solarfun Power Holdings Co Ltd
SOLF
8.11
32600
0.46
Timberland Co
TBL
19.37
15273
1.66
Illumina (ILMN) Looks Ready To Resume Uptrend
Illumina (ILMN) is trading over 40 this morning, after reporting strong earnings on Wednesday evening. The stock has been working its way back through a huge unfilled gap since last October, stalling at 40 in January and again in March.
A breakout above this resistance level opens the door to a vertical spike that carries price [...]
Biotechs Issue Sell Signal
Gilead Sciences (GILD) got crushed after earnings on Wednesday, dropping nearly 10%, and bringing down the entire biotech sector. The iShares Nasdaq Biotech ETF (IBB), which had carved out a bullish consolidation pattern, broke two-month range support and triggered an interesting short sale signal.
The sector rollover follows poor price action in the last few weeks [...]