Momentum Stocks For Next Week

HealthSpring, Inc HS - Looking for a move above $47.78 for the next leg higher. However a consolidation is also likely and I would be a buyer so long as no heavy selling volume appears. Uptrend firmly and healthy.


Elan Corporation, plc ELN - After a long rally that brought prices from the December low of $5.59 to Friday highs of $11.94, the stock has gained nearly 110 percent. Can we open long positions now ? Aggressive traders may open long positions and I really like the chart but at this level I would wait for a pull back before putting any cash to work. On the technical side, the stock is very overbought on RSI and stretched. Generally this will pose a good selling opportunity but since the stock has broken the trend up the chance for a major correction due to high RSI is very little as the stock will find support at the trend broken.


Shares of Entegris, Inc. ENTG broke to a new 52 week high on Friday. The volume was what you want to see when a stock breaks resistance. Let 7-day EMA ( white line ) be your guide.


Chipotle Mexican Grill, Inc. CMG is probably one of the best acting stocks in the momentum. She's extended but no one seems to care. Stock is in a tremendous Bullish moment, with all indicators showing strength to move up, its 50 day and 200 day moving average still going up, while MACD is above "0" and RSI in Bullish territory. This stock is one of the best performances of 20011. I would wait for a little consolidation before jumping in, but it looks like  CMG is a stock to keep an eye on for awhile. So, I'll be watching her carefully for any possible opportunities.

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FormFactor, Inc. FORM - The fundamental soundness of FORM is great, and sooner or later that will get rewarded in the stock price. Options traders are buying calls.

Cell Therapeutics, Inc. CTIC is showing very bearish behavior.

Arena Pharmaceuticals, Inc. ARNA still sitting on its 50 sma. This looks strong to me, however you have to keep in mind that this is pharm and thus speculative.

Sirius XM Radio Inc. SIRI - Having failed to pass the 2.25 resistance, the stock looks as if it will retrace and test its 50 sma again.

Eastman Kodak Company EK - Might see some nice bounces from current level.

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.  

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