Category Archives: AAPL

Stocks to Watch on 12/13: EDU, PCYC, GOOG + My Successful Picks

Posted on December 13, 2012 by cl117692

I would like to take a chance to price myself on successfully picking some of the most profitable trades to include in my blog so far this month.

Exclusion: Stocks which I gave unclear, neutral comments with uncertainty remains
Example1: Break above over $10.00 would trigger short squeeze
Example2: Huge run today. But watch out for overbought level on RSI.)
Example3: Pullback to 50day moving average is a great entry (meaning buying now may be too pricey/risky)
Another Success Story: NFLX, but I am no longer bullish on this stock.

Date Symbol Px when Mentioned Position Last price Gain %
12/11 BP 40.99 Short 41.62 -1.51%
12/11 ARNA 9.12 Long 8.97 -1.64%
12/11 INTC 21 Long 20.67 -1.57%
12/11 HPQ 14.16 Long 14.53 2.61%
12/11 SKYW 11.75 Long 11.9 1.28%
12/10 POL 20.74 Long 20.17 -2.75%
12/9 WFC 33.23 Long 33.5 0.81%
12/9 M 39.41 Long 38.86 -1.40%
12/7 WMT 71.59 Short 68.94 3.84%
12/7 XOM 88 Short 89.45 -1.62%
12/7 NOK 3.75 Long 3.83 2.13%
12/7 MRVL 8.87 Long 8.48 -4.40%
12/6 EDU 16.41 Long 19.24 17.25%
12/5 FSLR 29.61 Long 32 8.07%
12/5 AAPL 600 Short 539 11.32%
12/3 FB 27.04 Long 27.58 2.00%
12/3 CFNL 15.46 Long 15.78 2.07%
12/3 JEF 17.39 Long 18.35 5.52%
12/3 PCYC 55.93 Long 62.3 11.39%
12/3 MET 33.7 Long 33.61 -0.27%
12/2 AMD 2.2 Long 2.37 7.73%
12/2 IDCC 43.09 Long 44.46 3.18%
12/2 BAC 9.85 Long 10.61 7.72%
12/1 SSYS 75.97 Long 71.72 -5.59%
11/29 TIVO 11.54 Long 12.48 8.15%
11/21 DDD 43.93 Long 46.84 6.62%
11/21 TLAB 2.78 Long 3.32 19.42%
Probi 66.7%

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Already! 

 NYSE: EDU. I have mentioned it on Dec 06 on its behavior on Bbands. It seems to me that the stock do not stay too long around the lower Bband. Every time EDU touches it, there is a huge appreciation quickly and prices stays around upper band for a while. EDU touches lower band last week and again shows upward moves. MACD histogram is about to cross above 0. My target for EDU is $21.00, which is roughly 10% potential upside.

Pharmacyclics, Inc. (NASDAQ: PCYC) as most technicians says “always buy on a breakout”, I would like to add – pullback is always good entry. Now PCYC is testing its support level at $62.00. MACD crossover + upward sloping MA(50) tells me to stay bullish on this stock.

Google, Inc. (NASDAQ: GOOG) Isn’t it a very decent head and shoulder? Entry at $706. Stop at $682.

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Posted in AAPL, blog, bonds, equity, exchange, finance, ideas, Investing, Investment, news, stock exchange, stocks, technology, technology analysis, top stories, trading, wall street, writers | Tagged , , , , , , , , , , , , , , , , , | Comments Off on Stocks to Watch on 12/13: EDU, PCYC, GOOG + My Successful Picks

Stocks to Watch on 12/12: ARNA, RIMM, CAH, CLWR, INTC

Posted on December 12, 2012 by cl117692

 Arena Pharmaceuticals (NASDAQ: ARNA) , the second best performing stock in Russell, is forming an asymmetric triangle on chart,which is, with high statistically probability, a continuation pattern. ARNA is now trading around its (upper) neckline. Both RSI and Slow STO is making higher lows, confirming the trend. I am bullish on ARNA and have a target of $12.50 after a break above.

Research in Motion Ltd. (NASDAQ: RIMM) breaks its ascending triangle today. However, MACD histogram is showing a negative divergence and Slow STO & RSI is at over bought level. Be careful when you trade RIMM, alright?

Cardinal Health, Inc. (NYSE: CAH) is trading close to the neckline. Watch for a break above; or a cup and handle pattern formation as RSI is at overbought level.

Clearwire Corp. (NASDAQ: CLWR) After I mentioned last Monday on the breakout of ascending triangle, giving a bullish signal on CLWR, it has made another huge move today with great volume. CLWR jumped 11.67% closing $2.68. Slow STO is making higher lows. MACD is positive. Healthy chart right there. My target stays the same – $3.00 until breaking above $3.00 psychological mark.

Intel Corp. (NASDAQ: INTC) has recovered much since $19.23 low and is now trading right below its downtrend. Watch for a break above which could send this stock to $21.50 quickly. However, Slow STO is at overbought level. Therefore, I am remain bearish on this stock until a significant break above.

Today’s Notable Tweets:
$EXPD continues moving higher after breaking its bullish pennant yesterday.
$PCYC testing its next huge resistance $63.00. A break above could send this stock to $65.00
$AAPL MACD crossover, could there be a reversal to uptrend?
$YOKU squeezing, but the outlook is still bearish to me

Follow me on Twitter and StockTwits: @GaryLee_HK

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Posted in AAPL, blog, bonds, equity, exchange, finance, ideas, Investing, Investment, news, stock exchange, stocks, technology, technology analysis, top stories, trading, wall street, writers | Tagged , , , , , , , , , , , , , , , , , | Comments Off on Stocks to Watch on 12/12: ARNA, RIMM, CAH, CLWR, INTC

Stocks to Watch on 12/11/2012: BP, HPQ, POL, PWR, SLYW

Posted on December 10, 2012 by cl117692

 BP Amoco PLC (NYSE: BP) failed to break above 50day and 200 day moving averages. Now, both moving averages trending downwards, with falling Slow STO, RSI. I think BP is a good short candidate. I can’t see any technical that it is going to reverse its downtrend in the short future.

Hewlett-Packard Co. (NYSE: HPQ) gains a lot of attention the recent weeks due to its quick recovering from the $11.00 bottom. Today’s high, $14.59, is about to touch the big resistance level at $14.71. HPQ is now closing above its 50 day moving average with high MACD reading. If $14.71 is significantly crossed with decent volume, HPQ should recover back to $16.00 in no time. However, Slow STO is persistently showing overbought level, there might be some correction or horizontal move until a breakout comes and high slow STO reading eases.

 Polyone Corp. (NYSE: POL) has broken its ascending triangle pattern today with higher-than-normal volume. MACD crossed above with high lowers in Slow STO. However, POL tends to have correction at least back to the level around 50-day moving average. So, my strategy is be patient and entry when it is trading around $19.00.

Quanta Service, Inc. (NYSE: PWR) breaks above previous high and closes at $26.92 with great volume. MACD histogram crossed above zero last week. Similar to POL, a pullback to around 50-day moving average is a good entry point.

SkyWest, Inc. (NASDAQ: SKYW) is constructing a huge ascending triangle on chart with decreasing volume along the formation of the pattern (a textbook ascending triangle feature). Look for a break above, which could easily send to stock to $13.00.
Some worth-noticing tweets on my Twitter today:

  1. CMF on $TLAB is about to cross above. Bullish. + Seems like an ascending triangle is forming.
  1. Today Candlestick of $ANF looks like a Doji, not a good sign. Will take a look again right before close.
  1. Reversal (toward downside) on $AAPL Point & Figure Chart. Bearish.pic.twitter.com/erfDw5gN
  1. $GMCR finds great support at around $38.00. bullish.
  1. $IDCC flying after crossing $44.00
  1. $AFCE (Popeye’s ) trading around its lower bband. watch for reversal 
  1. $NOK has shown very decent price action Since Nov, as long as it trades above $3.40, I think it has huge upside potential.

Twitter: 

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Posted in AAPL, blog, bonds, equity, exchange, finance, ideas, Investing, Investment, news, stock exchange, stocks, technology, technology analysis, top stories, trading, wall street, writers | Tagged , , , , , , , , , , , , , , , , , | Comments Off on Stocks to Watch on 12/11/2012: BP, HPQ, POL, PWR, SLYW

Stocks to Watch on 12/07: MRVL, NOK, WMT, XOM, AAPL

Posted on December 7, 2012 by cl117692

 Marvell Technology Group, Ltd. (NASDAQ: MRVL) has fully filled its recent gap today. From the peak in volume at previous two troughs, it could be a double bottom pattern fully formed, signaling a trend reversal. Prices crossed the bottoming MA(50) as well. Watch for tomorrow’s move. If trend continues, my short term target is $9.50, then $10.00.

 Nokia Corp. (NYSE: NOK) dropped 3.35% today, however, holds well above the neckline of the breakout yesterday. MA(50) is recovering and MA(200) seems bottoming + watch for golden cross. As long as NOK closes above $3.60, I am bullish on this stock.

Wal-Mart Stores, Inc (NYSE: WMT) shows Elliot Wave pattern on chart. Despite of the recent uptrend with gap filled, OBV is not recovering much (negative divergence). The recent closes, including a inverted hammer and doji, shows the recent uptrend is revering, sending the stock into Wave C. Under E Wave theory, Wave C is the longest, with biggest drop and volumes. I think similar action is happening on AAPL as mentioned in yesterday’s post. 

Exxon Mobil Corp. (NYSE: XOM) another mega-cap stock I wish to cover as it is also showing Elliot Wave pattern on chart. Situation is basically same with AAPL and WMT above, except it seems Wave C has not started yet. Also, MA(50) and MA(200) is not looking good at all. They are both downward trending. So, put this on your radar. I think a big drop is coming soon.

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Posted in AAPL, MRVL, NOK, WMT, XOM | Comments Off on Stocks to Watch on 12/07: MRVL, NOK, WMT, XOM, AAPL

Stocks to Watch on Dec 06: AAPL, EDU, IDCC, NOK, SPY

Posted on December 6, 2012 by cl117692

 Apple, Inc (NASDAQ: AAPL) breaks below its ascending triangle, reversing its uptrend, as I mentioned yesterday on  my blog. http://stks.co/mG4T. Today, it falls 6.43% and another half percent during after hours. MACD is falling quickly and will soon be having a bearish cross. CMF is falling again. The picture on Apple is not nice. It seems to be forming so-called Elliot Waves. We are experience wave 3, which is, by theory, the longest and with most volume. I shorted AAPL today. I have a target of $500 by the end of this week.

 New Oriental Education (NYSE: EDU) has almost filled all of its gap after its accouting scandal. By the look of the huge drop in two days, touching lower Bband with low readings on RSI and Slow STO. Although I think this stock is due for some correction. I am nothing saying the uptrend still enacts, prices touching lower bband can consider as a BUY signal (by textbooks)

 InterDigital, Inc (NASDAQ: IDCC) breaks above $44.00 today. 200 day moving average seem to come to a saucer bottom. MACD and CMF are holding up pretty well.

S&P 500 (NYSE: SPY) This is my first time covering technical analysis on stock index because today’s move is very interesting and bullish on chart. Today’s low hits $140.00 (or Index:1400) yet closing slightly above yesterday open/close. Resistance is found under 50 day moving average but it seems like SPY is making higher lows. After all, I am bullish on stocks towards to the end of 2012. 
Nokia Corp. (NYSE: NOK) raised 12.79% today with huge volume and 2% more in after-hours. 200 day moving average might be bottoming. MACD is ticking up. Faster moving average crossing slower from below could trigger another buying power. But I think NOK is due for some correction, as this stock rarely stays over 70 on RSI for longer than 2 days. 
Posted in AAPL, EDU, IDCC, NOK, SPY | Comments Off on Stocks to Watch on Dec 06: AAPL, EDU, IDCC, NOK, SPY

Stocks to Watch on Dec 05: FSLR, NFLX, P, DDD, AAPL

Posted on December 5, 2012 by cl117692

First Solar, Inc (NASDAQ: FSLR) does not only break above its ascending triangle pattern, finding great supports from 50 day moving average. it has also make a new 52w new high today with decent volume.

 Netflix (NASDAQ: NFLX) I commented about a possible short squeeze on twitter yesterday but I did not expect such a huge run like NFLX did today. I was expecting the squeeze ends around $85.00. I guess the market sentiment on NFLX is really bullish, at least for now. From the chart it shows me today, recovering MACD & MA(50) coming close to MA(200), I think the stock definitely has the potential to hit $100 in a short while. Unless tomorrow actions is bearish and closes below $85 significantly, then it might signal volatility in this stock and market uncertainty on NFLX.

Pandora Media, Inc. (NYSE: P) is a possible bottom play. This could be a inverted head and shoulder forming.

3D Systems Corp. (NYSE: DDD) again follows the channel and shows some bullish action today. I look forward to this stock hitting above $50 in the coming 2 weeks.

Apple, Inc. (NASDAQ: AAPL) shows a bearish signal on chart as it breaks below the ascending triangle, despite a bullish breakout of a triangle happened last week. I think AAPL would drop appx. another 1.5%-2% tomorrow.

Posted in AAPL, DDD, FSLR, NFLX, P | Comments Off on Stocks to Watch on Dec 05: FSLR, NFLX, P, DDD, AAPL

Stocks to Watch on Nov 27: AAPL, DDD, SSYS

Posted on November 27, 2012 by cl117692

I have mentioned SSYS and AAPL on yesterday’s post and DDD on Nov20’s. All of my predictions on them are pretty accurate and nicely done. So, Standing O for ME!!

 Apple Inc. (NASDAQ: APPL) As I mentioned yesterday, I will turn bullish on Apple again if it breaks the flag pattern from above. By that, I would have a ST target to $600. It did break the pattern first thing in the morning today and reached $589.58 by its closing. Pretty close. My prediction used the distance between the flag divergent point and the body of the candlestick at trough. A more aggressive target would use distance to the lowest shadow and extend the same distance from the top of the breakout. Therefore, my next ST target is $620,

 3D System Corp (NYSE: DDD) I signaled my followers a possible trough on DDD in my Nov 20’s post, as well as on twitter. DDD did a huge run today, jumping 11.52%. I think adding shares or jumping on the boat atm might not be a good idea because the price is getting close to the upper channel and about to reach overbought level. Currently, I do not have a price target for this stock but does think the uptrend is accelerating.

Stratasys, Inc (NASDAQ: SSYS) I mentioned yesterday that there is a bullish breakout and have a target of $73. However, I did not expect to have another breakout such quick. Today, the stock has also made a 52w new high. Very bullish.

That’s all for today. Gotta study CFA now.

Posted in AAPL, DDD, SSYS | Comments Off on Stocks to Watch on Nov 27: AAPL, DDD, SSYS

Stocks to watch on Nov 26: AAPL, SSYS, BIDU, RIMM, NOK

Posted on November 25, 2012 by cl117692
 
I hope everyone has a great thanksgiving! I have recently opened an account on StockTwits and have found it very useful for every traders. It has a better interaction with the users. When your mouse moves on the $STOCK others have mentioned, it shows you the corresponding price charts in a small box. It is better than going fourth from Twitter to Yahoo! Finance to check out people’s ideas.
 
My StockTwits & Twitter accounts: GaryLee_HK & https://twitter.com/GaryLee_HK
 

 Apple, Inc (NASDAQ: AAPL) jumped on Tuesday after reaching extremely oversold level on RSI and Slow STO. After Friday’s close, a bull flag is constructing on chart, however, with little volume. I have a short term target of $600 if it breaks from above. If it breaks from below, my previous $480 target still holds. I do not suggest taking a long or short position before a breakout.

Baidu, Inc (NASDAQ: BIDU) I am not a big fan of Chinese Internet stocks. But BIDU is a company with strong revenue growth, high proportion of cash and cash equivalent under balance sheet and a P/E ratio of 21.58x compared with Google 20.92x. Bidu has a higher profit margins and recent growth compared with Google. After the sell off, reaching oversold level in both RSI and Slow STO. I think the stock is due for some retracement, at least to $105, which was a strong support, testing its validity again, or else, polarity. Stop order around $91.00 or 5% from Black Friday’s close.

 Nokia Corp (NYSE: NOK) and RIMM have very similar actions, with great volume. Maybe both long-suffering stocks are back! Be aware of the stock reaching extremely overbought level. Stop around 200 day moving average.

 Research in Motion Ltd (NASDAQ: RIMM) My comments on Nokia applies here. Plus OBV is ticking up quickly. Today’s close is higher than $11.00 which used to be a resistance. I do not have a target on RIMM and NOK, but I do think they are reversing. Stop could be somewhere around 200day moving average.

Stratasys, Inc (NASDAQ: SSYS) has closed above previous high on Black Friday, at $70.78. MACD and CMF is positive. My short term target is $73.30 with a stop of $69.00

Posted in AAPL, BIDU, NOK, RIMM, SSYS | Comments Off on Stocks to watch on Nov 26: AAPL, SSYS, BIDU, RIMM, NOK

Stocks to Watch on Nov 15: IDCC, AAPL, FB

Posted on November 15, 2012 by cl117692
I am currently studying for CFA Level I Exam on Dec 1. Starting from tomorrow, I will pick only 2-3 stocks per blog entry. Shorter description may also be expected. 

Facebook, Inc (NASDAQ: FB) has rise 12/19%, closing at $22.28. MACD is making bullish crossover. Slow STO is ticking up after showing oversold signal. I look for more action, at least somewhere around 100day moving average.

InterDigital, Inc (NASDAQ: IDCC) told you on a upcoming pullback on Nov 09. I am expecting action downwards until reaching 50day MA. However, the uptrend of this stock still enacts. Mind for bearish MACD crossover.

Apple, Inc (NASDAQ: AAPL) everyone knows Apple has a great fundamentals. However, there is no idea when the recent downtrend is going to end. 50day and 200day moving average is turning around, pointing downwards. The closing price is slightly away from Lower BB, but that’s not enough. Bearish flag is forming on charts and if broken, my next target is $480.

Posted in AAPL, FB, IDCC | Comments Off on Stocks to Watch on Nov 15: IDCC, AAPL, FB

Oct 25: AAPL, CLWR, DDD, ED, SIRI, PG

Posted on October 25, 2012 by cl117692

Apple, Inc (NASDAQ: AAPL) missed estimate after hours. Watch for tomorrow action. The stock has recently been sold massively. I am looking forward to 200 day moving average giving some support to the stock. PE ratio P/Book ratio is lower than SP500. It could be a value when market sentiment is over-reacting and over-selling this stock.

Clearwire Corp. (NASDAQ: CLWR) has retraced most of the run early this month. Now closing right above major moving averages (20, 50, 200 days) Golden cross days ago. but MACD turning negative. Watch for major action.

3D System Corp. (NYSE: DDD) For those what have been following me since this summer should DDD was my favorite stock by then. Today it made a 13.72% jump closing at $40.75 after earning reports, touching upper bband and confirming the short term price channel. CMF turning positive. MACD +ve. RSI making higher lows. I initiated a long position in this stock today. Looking forward to see some more price action for the coming weeks.

Consolidated Edison, Inc (NYSE: ED) RSI has been making higher lows. CMF crossed to +ve level. MACD +ve. This stock has been trading in a tight range of $59-$61, making a bullish divergence with RSI, MACD, and CMF indicators. Earning report is on Nov. 2nd.

Sirius XM Radio Inc (NASDAQ: SIRI) I have sold my positions in SIRI last week as I mentioned I am expecting a little correction after the stock hitting $3.00. I was analyzing based on slow STO and RSI. Now the RSI is back to OKAY level. However, when I pull up Accumulation/Distribution indicator. The story is different. A/D line is keep making new high, sending us a bullish divergence on SIRI. According to Bband, prices should find some support around 20day moving average, and it is trading right above it today. Should it make a new run soon, its your call. But I am bullish on this stock on the long run.

Procter & Gamble Co. (NYSE: PG) made a new high today, closing at $70.07. Yield 3.21% on dividends with Beta 0.44. Quite a stock for safety. I might initiate a long position tomorrow on this amid mixed earning report season.

Notable earnings before Friday’s open: ACI, AON, ARLP, AXL, B, CMCSA, CVH, DAN, DLR, EGO, ERIC, GT, HMSY, IMGN, IPG, KKR, LM, LYB, MCO, MRK, OHI, OSK, QSII, TASR, TCB, VTR, WY

Posted in AAPL, CLWR, DDD, ED, PG, SIRI | Comments Off on Oct 25: AAPL, CLWR, DDD, ED, SIRI, PG