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Tuesday, January 10, 2012 

5 Stocks to Keep On Your Radar

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We are on the verge of a possible breakout in the shares of Cisco Systems, Inc. (NASDAQ:CSCO). The technical chart shows an ascending triangle formation, with prices testing the resistance at $19 on three occasions. I'd buy it when it breaks the high at $19 on a close basis on heavy volume.

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InterDigital, Inc. (NASDAQ:IDCC) - Long setup. Stock closed at $43.28 above of its 50-day moving average, generally considered a Buy signal. Indicators have all improved. Confirmation of the bullish ADX crossover. If it breks 44.85, it can run to 49 easily.

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JinkoSolar Holding Co., Ltd. (NYSE:JKS) - I believe this stock has already bottomed and a new uptrend should be on the way. Stock closed at $5.21 above of its 20-day moving average, generally considered a Buy signal in short-term. From the six month technical chart we can see that the buyers came back today, with volume picking up. In addition, chart shows Positive divergences in MACD and RSI. Bullish ADX crossover. Its short interest is 25% of its total shares outstanding. Its days to cover is 10, calculated as current short interest divided by average daily volume. JKS looks like it is gaining steam again. Stay tuned !!

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Bank of America Corp (NYSE:BAC) - Nice break with volume above avg, like the ADX trend, RSI has space to move up more. Technically, I continue to believe the stock will test the the prior highs of October at $7.42.

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I've been stating for days that the JPMorgan Chase & Co. (NYSE:JPM) stock was trying to bottom as it had nice positive divergence developing, now stock is near to cross its 200-day moving average, which could give a strong boost for run to $40. Keep an eye on stock. I'm Bullish on JPM.

During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog  twitter and newsletter, so you can receive my trade ideas and stock news in real time.

Other stocks to watch :

New 52-week High stocks

INTC - Intel Corporation
GILD - Gilead Sciences, Inc
NWSA - News Corp Ltd
INHX - Inhibitex
STX - Seagate Tech
IDIX - Idenix Pharm
NUAN - Nuance Communications
CVS - CVS Caremark Corp
ACHN - Achillion Pharmaceutical
HD - HOME DEPOT INC
CIE - Cobalt International
KFT - KRAFT FOODS INC
M - FEDERATED DEPARTMENT
AMGN - Amgen Inc.
CELG - Celgene Corporation
CAG - CONAGRA INC
TOL - TOLL BROTHERS INC
MON - Monsanto Co
SBUX - Starbucks Corporation
NWS - News Corp Ltd ADR
AMT - AMERICAN TOWER CORP
VVUS - Vivus, Inc.
YUM - TRICON GLOBAL REST INC
RRR - RSC Holdings Inc
UNP - UNION PACIFIC CORP
NVLS - Novellus Systems, Inc.
FTK - FLOTEK INDS INC (DE)
SPPI - Spectrum Pharmaceutical
FAST - Fastenal Company
MHP - MCGRAW HILL COS INC
SGMS - Scientific Games Corp
APOL - Apollo Group, Inc.
CCI - Crown Castle International
NR - NEWPARK RESOURCES INC
HNT - Health Net Inc
VRUS - Pharmasset Inc
WYN - Wyndham Worldwide WI
ECL - ECOLAB INC
CTAS - Cintas Corporation
AGN - ALLERGAN INCORPORATED
SHW - SHERWIN WILLIAMS CO
PIR - Pier 1 Imports Inc
EQIX - Equinix, Inc.
MDVN - Orion Acquisition C
CVBF - CVB Financial Corp
CLR - Continental Resources
KSU - Kansas City Southern
HUM - HUMANA INC
JAZZ - Jazz Pharmaceutical

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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  • I'm a 38 year old Independent Trader using propriety technical analysis with more than 18 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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