Four Stocks To Keep An Eye On

Loading...
Loading...
( click to enlarge )

Banner Corporation BANR - As many traders could see, today's rise on increased volume amongst many other bullish indicators could push the stock substantially higher than where it is trading now which is around its base levels. As you could see, the stock has several favorable technical factors suggesting that it could breakout to new levels and could test its 52-week high which often attracts additional traders on the buyside, putting upward pressure on shares. The technical chart shows the stock has been doing well since the beginning of this year since the 50 day moving average went on top over 200 day moving average. In addition, the accumulation /distribution indicator is showing strong accumulation since it bottomed in November 2010, which is also a strong  bullish sign. It's a future sign that the price will rise because it's a leading indicator. That means the indicators gives a buy or sell signal before the actual price movement occurs. Short interest on BANR as of Mar 31, also decreased 29.8% to 445,900 shares from 635,800 indicating that bears are covering their positions. Plus, the decline over the last few days occurred on lower volume and the stock is firming above the major support of $2.28. BANR has now the opportunity to start new rally as %K line is back above %D line. The near-term outlook is bullish and a close above its 50-dma would confirm this view. I continue to have a favorable longer-term view of the company and I believe the stock should provide steady, above-market returns over the long run. BANR just need more interest to get volume as the technicals are calling for a run. Keep watching the stock this week since I expect more volume over the next couple of days.

 ( click to enlarge )

Looking at the technical chart of Advanced Micro Devices, Inc. AMD the stock price is clearly in short-term downtrend. There are no signs of a recovery yet. Hold your long position with a stop loss at $8.12 (closing day basis).

( click to enlarge )
Accompanied with good volumes, Silgan Holdings Inc. SLGN marked an all-time high in the last trading session. With this, the daily momentum indicator has reached overbought levels and I believe that a near-term correction is likely to happen.

( click to enlarge )

GigaMedia Limited GIGM - In the last trading session, the stock broke through the flag pattern. This means there is more upside. I think this is quite likely.

Keep up to date by subscribing AC Investor Blog newsletter or RSS feed. You may wish to also follow me on Twitter.  

Other stocks to watch :

Cell Therapeutics, Inc. CTIC needs to hold 38 cents on the downside or things could get very ugly. On the upside, the stock has resistance located betwen 40 and 41 cents.

Shares of Motorola Mobility Holdings Inc MMI continue to hold the recent $22.96 low. I would continue to be a buyer of MMI below $23.50. This stock is due for a rally back into the $26's.

Shares of Ciena Corporation CIEN continue to inch higher. The stock really doesn't have any resistance until $27-$27.41.

Unusual volume in today's trading session

SSHS - Safeguard Security Holdings, Inc.

JUNP - Juniper Group Inc.

DDAIF - Daimler

POPN - Pop N Go Inc

GGB - GERDAU USA

BYOC - Reel Estate Services

TYC - TYCO INTL LTD

ELTP - Elite Pharmaceutical

CYH - COMMUNITY HEALTH SY

ATWT - ATWEC Technologies, Inc.

INVE - Identive Group

EXTO - Exit Only Inc.

GRM - GRAHAM PACKAGING CO

ZOOM - Zoom Telephonics, Inc.

ASML - ASM Lithography Holdings

VSHC - VisualMED Clinical Systems Corp.

CAK - Pacific Asia Petrol

GNPG - EMTA Holdings Inc

SLGN - Silgan Holdings, Inc.

ADTN - ADTRAN, Inc.

SEAOF - Seaco Ltd

DCTH - Delcath Systems, Inc.

POPT - Pop3 Media Corp.

SSTP - Sustainable Power Corp.

GTXI - GTX INC

ADXS - ADVAXIS INC

NEP - China North East P.

CXMSF - Cemex Sa Da Cv Cpo

ESYL - ALGODYNE ETHANOL ENE

BSGC - BIGSTRING CORP

XPL - SOLITARIO RESOURCES

DIRV - Directview Hld

MLNK - CMGI, Inc.

EROC - Eagle Rock Energy

MDLNF - Madalena Ventures Inc

HRAL - HearAtLast Holdings

AERS - Aerius

CBEY - Cbeyond Inc

PVSP - eLEC Communications

EGTK - Energtek Inc

MILL - Miller Energy Resources

Loading...
Loading...
NOKBF - Nokia Corporation

LEE - LEE ENTERPRISES INC

DTEGF - Deutsche Telekom

BACHF - Bank of China Limited

KENS - Kenilworth Systems Corporation

H - Hyatt Hotels Corp

PERT - Triden Telecom Inc

VIZS - VizStar Inc

CPWY - Clean Energy Pathways, Inc.

WCRM - Grn Envrtch Hldn

BJCHF - Beijing Capital International Airport Company Limited

TUWOY - Tullow Oil PLC

FORC - Force Energy Corp

JCOF - Javalution Coffee Company

SB - SAFE BULKERS INC

JBII - JBI, Inc.

SNPY - Sino Payments Inc

OZMLF - OZ Minerals Ltd

OSN - Ossen Innov Adr

IXSBF - INNEXUS BIOTECH CORP

CCCGF - China Communications Construction Company Limited

LCAR - Lescarden Ltd

MJWL - Majic Wheels Corp.

EMPR - Empire Petroleum Corp

SYUT - VORSATECH VENTURES INC

MCUJ - Medicure Inc

BBAN - BroadBand Wireless

SWCEY - Swiss Reinsurance C

CAJFF - Canon Inc

IMYN - Immunosyn Corp

WSCE - CTI DIVERSIFIED HLD

MGON - MEGOLA INC

ADAT - Authentidt Hldg

CPF - Cntl Pacific Finl

XNYH - Xinyinhai Technology

GCEH - Global Clean Energy

AERO - Aero Grow International

HCEI - Healthy Coffee Intl

MTGRF - MOUNT GIBSON IRON LT

OSM - SLM CORPORATION

PEXZF - PACIFIC RIDGE EXPLOR

NWCI - Marine Parking Hold

MTRE - Market & Research Corp

BGTH - Bridgetech Holdings

BZU - Beazer Homes USA Inc

PWEB - Pacific Webworks Inc

ACRFY - Accor SA

PCOM - Points Intl Ltd

GMTC - Gametech Intl

GOFPY - Greek Organisation

EVRC - Evercel, Inc.

LYFE - LYFE Communications

CGXEF - CGX ENERGY INC


New 52-week High stocks

ALU - ALCATEL

GRM - GRAHAM PACKAGING CO

MCP - Molycorp Inc

SLGN - Silgan Holdings, Inc.

MPEL - Melco Crown Adr

HTZ - Hertz Global Holdings

CHKP - Check Point Software

BIIB - IDEC Pharmaceutical

EROC - Eagle Rock Energy

SNY - SANOFI-AVENTIS ADS

YOKU - Youku.com Inc.

INFA - Informatica Corp

HUM - HUMANA INC

AHD - Atlas Energy Lp

UL - Unilever PLC

CBST - Cubist Pharmaceutical

GIL - GILDAN ACTIVEWEAR INC

LO - Lorillard Inc

MA - MASTERCARD INCORPORATION

SAP - Sap Ag

CHU - CHINA UNICOM LTD

UN - UNILEVER N V

DUSA - DUSA Pharmaceuticals

HSY - Hershey Corp

IRBT - IROBOT CORPORATION

CPO - CORN PRODUCTS INTL INC

PRGO - Perrigo Company

NLSN - Nielsen Holdings

ABMD - ABIOMED, Inc.

SIRO - Sirona Dental Systems

MCRS - MICROS Systems, Inc.

SJM - Smucker JM Co

AZO - AUTOZONE INC NEVADA

HLF - HERBALIFE LTD

IRWD - Ironwood Pharmaceutical

PSSI - PSS World Medical Inc

SYT - Syngenta AG

SHPGY - Shire Plc Ads


Earnings Announcements for Thursday

Argan Inc - AGX

CCA Industries Inc - CAW

Cel Sci Corp - CVM

Check Point Software Technologies Ltd - CHKP

Cherokee Inc - CHKE

China Education Alliance Inc - CEU

China Natural Resources Inc - CHNR

Christopher and Banks Corp - CBK

Commerce Bancshares Inc - CBSH

Cubist Pharmaceuticals Inc - CBST

Fairchild Semiconductor International Inc - FCS

Gametech International Inc - GMTC

Google Inc - GOOG

Hallwood Group Inc - HWG

Hasbro Inc - HAS

Independent Bank Corp - IBCP

Independent Bank Corp - INDB

Inx Inc - INXI

J B Hunt Transport Services Inc - JBHT

Kinder Morgan Management LLC - KMR

LECG Corporation - XPRT

Majestic Capital Ltd - MAJC

Medtox Scientific Inc - MTOX

Mercantile Bancorp Inc - MBR

Merit Medical Systems Inc - MMSI

Mission West Properties Inc - MSW

National Bankshares Inc (Virginia) - NKSH

Pittsburgh & West Virginia Railroad - PW

Progressive Corp - PGR

Prosperity Bancshares Inc - PRSP

Simulations Plus Inc - SLP

Southside Bancshares Inc - SBSI

SUPERVALU INC - SVU

Valmont Industries Inc - VMI

Virco Manufacturing Corp - VIRC

Waccamaw Bankshares Inc - WBNK

Wonder Auto Technology Inc - WATG

Zoo Entertainment Inc - ZOOG


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
Loading...
Loading...
Posted In: BiotechnologyCommunications EquipmentFinancialsHealth CareInformation TechnologyInternet Software & ServicesMaterialsMetal & Glass ContainersRegional BanksSemiconductors
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...