Category Archives: BAC

Stocks to Watch on Dec 03: AMD, BAC, CLWR, IDCC, TLAB

Posted on December 3, 2012 by cl117692

Advanced Micro Devices, Inc. (NYSE: AMD) slowing the downtrend. Looks good on MACD. Watch for big action as price touches upper Bband with bands widening.

 Bank of America (NYSE: BAC) moves follows the channel well. BAC also outperforms other banks’ stocks, such as JPM, C, etc. CMF is recovering. It finds some great support from 50 day moving average. OMV is moving up quickly with very little price appreciation. BAC is on my radar.

Clearwire Corp (NASDAQ: CLWR) broke its ascending triangle on Friday. ATR is upticking, Bband is widening with price closing above its upper band. Bullish Slow STO signal. I look forward to more price appreciation throughout the coming trading week.

 InterDigital, Inc. (NASDAQ: IDCC) is closing around its recent high. Watch for a breakout above $43.09 for entry.

 

Tellabs, Inc. (NASDAQ: TLAB) I got some luck on this stock. I posted my bullish view on this stock on my Wednesday Nov 28’s post, but I did not expect a huge price appreciation that huge and quick. CEO is trying to boost its stock price by paying a $1 special dividend. According bird-in-hand theory, this stock should rise $1 above its price before the price on dividend declaration date, which would be around $3.80 (adding from previous day’s close) I still long this stock.

Posted in AMD, BAC, CLWR, IDCC, TLAB | 2 Comments

Oct 17: BAC, C, JPM, WFS

Posted on October 17, 2012 by cl117692
Bank of America Corp (NYSE: BAC) It is firm down the market bottom has finished in Sept. The stock now is closing the previous high. According to the 100% green volume by price at $9.5-$10 level. If the stock breaks through $9.75, we should see a very strong action upwards. RSI is sloping upwards. there might be a MACD crossover if +ve price action continues, as well as CMF crossover.

Citigroup, Inc. (NYSE: C) Despite the CEO’s recent departure, the stock is doing way better than the peers in banking industry. RSI shows oversold level. I am uncertain and doubtful on the recent run. I am looking for a corrective move.

J.P. Morgan Chase & Co (NYSE: JPM) The most healthy trend among other stock I mention today. Upward channel. Bband just finished a consolidation. Stock touches upper band of Bband, healthy MACD, CMF. 

Wells Fargo & Co (NYSE: WFC) has previously reaches oversold level below 40 in RSI (considering in a case of uptrend) The stock has made a run and closes at a $34.47, higher than the previous two day’s candlesticks, trying to fill the Gap. Entry order at closing when a price is over 50day MA or $35.0 (filling the gap) is a good way to get involved.
Disclosure: I am long BAC and might initiate a long position in JPM

Posted in BAC, C, JPM, WFS | Comments Off on Oct 17: BAC, C, JPM, WFS

Oct 09, 2012: CSCO, BAC, AMZN

Posted on October 10, 2012 by cl117692
Amazon.com, Inc (NASDAQ: AMZN) See if 50MA can be its support. 

Bank of America Corp (NYSE: BAC) There is a huge W pattern (double bottom) showing in BAC. There have been a correction after testing the recent high 9.76 these several days. 20day MA has been a good support level for 2 times since beginning of September. Look for rebounce or breakout to trade with.

Cisco System, Inc (NASDAQ: CSCO) There is a huge consolidation after the gap in August. Interestingly, the gap fits well as a mirror image of the gap in May. Possible bottom playing there. However, A/D line is falling. Considering its low PE ratio and 50ma crossing 200day now, I am very bullish in CSCO in the long run

Posted in AMZN, BAC, CSCO | Comments Off on Oct 09, 2012: CSCO, BAC, AMZN