Tag Archives: bonds

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.

 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.

via Blogger http://gary-investing.blogspot.com/2012/12/stocks-to-watch-on-1213.html

 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

via Blogger http://gary-investing.blogspot.com/2012/12/stocks-to-watch-on-1212-arna-rimm-cah.html

 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.

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.

via Blogger http://gary-investing.blogspot.com/2012/12/stocks-to-watch-on-12112012-bp-hpq-pol.html