5 Stocks for Wednesday's Trading

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

Good afternoon everyone! Looks like I'm going to start the day with a technical setup on BMTI. Check it !

Shares of BioMimetic Therapeutics BMTI surged more than 4% on Tuesday after Collins Stewart initiates coverage on the stock with a buy recommendation for a price target of $7. From a technical perspective, the stock has been falling since the highs of October and seems to be forming a bullish wedge pattern, which means that there could be a rebound taking place soon. Its slow stochastic has also issued a buy signal, possibly suggesting that the bulls could embark on a stronger rebound. The key support is at $2.70 and as long as prices stay above this support, the odds would slightly favour the bulls. If prices take out the $3.10 resistance, then it could rebound strongly towards $3.24-3.30 with a strong chance of testing its October highs at $3.75.

  ( click to enlarge )

Sounds like Trina Solar Limited TSL is gaining some momentum again. The stock had a pretty good rebound on price accompanied with volume. The technical daily chart shows possible new rally as %K line is back above %D line, while the RSI is also gaining strength. The stock needs to break out above $7.44 to go higher.

   ( click to enlarge )

Suntech Power Holdings Co., Ltd. STP needs to take out its 20-day moving average at $2.64 to signal another leg up. I would buy on weakness.

( click to enlarge )

Career Education Corp. CECO - On today's session, we have seen huge volume at the bottom, which was probably buying activity. The technical indicator MACD is starting to look like it may cross soon, which indicates momentum is shifting towards the upside as well. Keep this on your watchlist.

 ( click to enlarge )

I have been watching Royale Energy, Inc. ROYL over the past few days, waiting for a possible upside move. The stock seems to have found a strong support at present levels. The technical indicators are improving significantly. The slow stochastic has moved above the 25% level and the RSI is near the 50% level. I'm a buyer of ROYL once it breaks $3.64 for a possible breakout move. ROYL could have good upside potential, so watch the stock closely.

I encourage everybody to subscribe my twitter and newsletter, so you can receive my trade ideas and stock news in real time.

Other stocks to watch :

US Earnings Calendar for Wednesday, November 23

B&H Ocean Carriers Ltd - BHO

China Technology Development Group Corp - CTDC

Deere and Co - DE

Diana Shipping Inc - DSX

Eastern Light Capital Inc - ELC

Green Cross Hldg CorpGues Inc - GES

HSW International Inc - HSWI

LS CorpMagyar Bancorp Inc - MGYR

Mayflower Bancorp Inc - MFLR

New Jersey Resources Corp - NJR

Qiao Xing Universal Resources Inc - XING

Reading International Inc - RDI

Rosetta Genomics Ltd - ROSG

Ship Finance International Ltd - SFL

Sigma Designs Inc - SIGM

Tat Technologies Ltd - TATT

Yingli Green Energy Holding Co Ltd - YGE


The following list show stocks whose volume has been increasing over the last 3 days

CTL - Centurylink Inc

BBD - BANCO BRADESCO SA ADS

WM - WASTE MANAGEMENT INC

LYB - Lyondell Basell Ind

Loading...
Loading...
RAI - RJ Reynolds Tobacco

CBE - Cooper Inds Plc

KFT - KRAFT FOODS INC

AMZN - Amazon.com, Inc.

D - DOMINION RESOURCES

KMB - KIMBERLY CLARK CORP

LMT - LOCKHEED MARTIN CORP

IR - INGERSOLL RAND CO

ABT - ABBOTT LABORATORIES

EXPE - EXPEDIA INC

JBL - JABIL CIRCUIT INC

VRTX - Vertex Pharmaceutical

SPRD - Spreadtrum Communication

HOT - Starwood Hotels

LRCX - Lam Research Corporation

TPX - TEMPUR-PEDIC INTL INC

AVGO - Avago Technologies

CAH - CARDINAL HEALTH INC

NOC - NORTHROP GRUMMAN CORP

INTU - Intuit Inc.

VRX - Valeant Pharmaceutical

CTXS - Citrix Systems, Inc.

ABC - AMERISOURCEBERGEN CORP

APOL - Apollo Group, Inc.

MDRX - Allscript Health

APH - AMPHENOL CORP

WHR - WHIRLPOOL CORP

SOHU - Sohu.com Inc.

BC - BRUNSWICK CORP

ITMN - InterMune Pharmaceutical

AGN - ALLERGAN INCORPORATED

PDCO - Patterson Co

AWK - American Water Work.

ENDP - Endo Pharmaceutical

MAC - MACERICH CO

TECD - Tech Data Corporation

QCOR - Questcor Pharm

DPZ - DOMINO'S PIZZA INC

CHMT - Chemtura Corp

VRSK - Verisk Analytics

MSCI - MSCI Inc

FCFS - First Cash Financial

VAL - VALSPAR CORP

MKC - MCCORMICK & CO INC

JKS - JINKOSOLAR HOLDINGS

ATHN - athenahealth Inc

RBCN - Rubicon Technology Inc

PRE - PARTNER RE LTD

THRX - THERAVANCE INC

IEX - IDEX CORP

WBMD - Webmd Health Crp

IT - GARTNER GROUP INC

HMIN - Home Inns & Hotels

LL - Lumber Liquidators Inc

MHK - MOHAWK INDS INC

BCX - BLACKROCK RESOURCES

CRDN - Ceradyne, Inc.

GPRO - GEN-PROBE INC

CISG - CNinsure Inc

VLKAY - Volkswagen AG

MED - Medifast Inc

CBM - CAMBREX CORP

ALE - Allete Inc

CPRT - Copart, Inc.

OKS - Oneok Partners

FSM - FORTUNA SILVER MINES

TWGP - TOWER GROUP INC

VQ - Venoco Inc

HII - Huntington Ingals


Unusual Volume

FMCN - Focus Media Hldg

BRCD - Brocade Communication

GILD - Gilead Sciences, Inc.

CHS - Chicos FAS Inc

FRO - FRONTLINE LTD

PSS - Collective brands

BWEN - Blackfoot Enterprise

YMI - YM BIOSCIENCES INC

XSRAY - Xstrata PLC

HPGS - High Plains Gas Inc

SAPX - Seven Arts Ent

AXAHY - AXA

NGBF - H2Diesel Holdings Inc

PWRD - Perfect World Co Ltd

RGNA - Ethos Environmental

SFL - SHIP FINANCE INTL LTD

AAUKY - Anglo American plc

CSKH - Clear Skies Slr

LOGL - LEGEND OIL & GAS

GGHO - Genisis Realty Group

PRAN - PRANA BIOTECHNOLOGY

WRGL - Warrior Girl Corp

TCEHY - Tencent Holdings Ltd

EEE - KFX Inc

AEHR - Aehr Test Systems

SAN - BANCO SANTIAGO

CSU - CAPITAL SR LIVING CORP

SNDA - SHANDA INTERACTIVE

AXPW - AXION POWER INTL INC


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: Trading Ideas
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...