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Wednesday, January 18, 2012 

Stocks to Watch Thursday

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Apple Inc. (NASDAQ:AAPL) - Breaking out to new highs. You want to keep AAPL on your screen for Thursday’s trading.

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InterDigital, Inc. (NASDAQ:IDCC) traced out a nice setup and the upside breakout has a lot of power. Volume surged and this breakout looks like it is here to stay. Crossed its 50 day moving average and is probably heading for 49. There looks to be good upside in IDCC, so keep it on your radar the next few days. Some are speculating that Apple or Samsung might have an interest in buying this company. But there are also rumours that Google might want to buy this company. InterDigital owns an incredible number of very valuable patents, which could be a major incentive for a buyout.

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The Home Depot, Inc. (NYSE:HD) has been hitting higher highs and higher lows amongst strong RSI price points. In fact, the RSI is showing multiple points of overbought periods. The stock has been on a strong bull market rally as %K line has been on top of %D line with stock trading above 50 day and 200 day moving average and MACD above 0. For the long term the stock should still continue to go up, however with this kind of overbough conditions I prefer stay away for a better opportunity. 

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Novatel Wireless, Inc.(NASDAQ:NVTL) is a bottom play trying to make a shift in trend and momentum. From a technical perspective, the stock shows a bullish divergence on MACD while Stochastic looks extremely oversold. To return to rally mode, the stock needs to cross its short-term resistance at $3.04. A move above this level would be positive for the stock. A reversal above $3.04 will take the stock higher to $3.30 or $3.60. Short term momentum is oversold with a positive MACD divergence. If the stock breaks through, there is a good chance you will see a strong upside move. In terms of fundamentals the stock looks cheap. It has a book value of $5.21 and the stock is trading at $2.95 this may signal that the stock is undervalued. In addition, the company has about $58 million in cash on the balance sheet with no debt. A major wireless company might find Novatel worthy of an acquisition. The stock is also a short squeeze candidate. Stay tuned.

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Oclaro, Inc. (NASDAQ:OCLR) - Broke out of the flag today.

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Looks like the Bulls are going to win this fight. Just one more push to change the trend. Morgan Stanley (NYSE:MS) had a great move on the upside today and closed at $17.35. The stock is setting up to break out and has one more level to go, which is $19.19. The stock has good upside potential, so keep watching the stock for further moves.

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 :

US Earnings Calendar for Thursday, January 19

Actions Semiconductor Co Ltd - ACTS
Advanced Micro Devices Inc - AMD
AMCON Distributing Co - DIT
American Express Co - AXP
Associated Banc Corp - ASBC
Bank of America Corp - BAC
Bank Of Kentucky Financial Corp - BKYF
BB&T Corp - BBT
BlackRock Inc - BLK
Capital One Financial Corp - COF
City National Corp - CYN
Digi International Inc - DGII
East West Bancorp Inc - EWBC
EZCORP Inc - EZPW
Fairchild Semiconductor International Inc - FCS
Fidelity Southern Corp - LION
First Savings Financial Group Inc - FSFG
Flextronics International Ltd - FLEX
Freeport McMoRan Copper & Gold Inc - FCX
GATX Corp - GMT
Google Inc - GOOG
Hanmi Financial Corp - HAFCD
Home Bancshares Inc - HOMB
Huntington Bancshares Inc - HBAN
Independent Bank Corp - INDB
Insteel Industries Inc - IIIN
Intel Corp - INTC
Interactive Brokers Group Inc - IBKR
International Business Machines Corp - IBM
Intuitive Surgical Inc - ISRG
Johnson Controls Inc - JCI
Knight Capital Group Inc - KCG
Microsoft Corp - MSFT
Morgan Stanley - MS
NB&T Financial Group Inc - NBTF
NetScout Systems Inc - NTCT
OceanFirst Financial Corp - OCFC
People's United Financial Inc - PBCT
PPG Industries Inc - PPG
Premierwest Bancorp - PRWT
Rockwell Collins Inc - COL
Simmons First National Corp - SFNC
Skyworks Solutions Inc - SWKS
Southwest Airlines Co - LUV
Union Pacific Corp - UNP
UnitedHealth Group Inc - UNH
Webster Financial Corp - WBS
Westamerica BanCorp - WABC
Western Alliance Bancorporation - WAL
ZOLL Medical Corp - ZOLL

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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