Stock Picks for Wednesday October 03, 2012 - CECO Environmental (NASDAQ:CECO), First Solar (NASDAQ:FSLR)

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Virgin Media Inc. VMED looks to be moving up again after two-week consolidation period. Everybody knows how quickly this stock can move higher, so keep an eye for a possible breakout over $31. The stock is in a strong uptrend as long as the uptrend line remains intact.

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OmniVision Technologies, Inc. OVTI has retraced most of its recent gains and looks ready to renew its bullish momentum. Also, the RSI is bouncing back from the bottom. We could see a nice rebound on this one.

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Research In Motion Limited RIMM what a rally today. The stock was up 6.5% on the session and closed just few cents below its 100-day moving average. RIMM has been a great one day trade. As I mentioned on Twitter, I took profits today. These gains are really significant and represent substantial profit for my twitter followers and subscribers who took advantage of my alert early. If you are still in the stock make sure you have your downside protected.

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Career Education Corp. CECO today's pull back offers a good buying opportunity. The pullback was on light volume & could incite some buying tomorrow as investors try to get in at a cheap price. It continues to hold the 20 and 50 day moving averages, which is a bullish sign. Additionally, CMF is also showing a positive divergence, the stock has been in a downtrend and CMF is positive, it may be an early sign of trend reversal. On watch.

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First Solar, Inc.FSLR made a strong upside reversal today. The technical chart is displaying a buy divergence on the upside. Expect an initial run up to $24.3 with a break higher moving to the 26 zone.

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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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