Stocks in Play for May 20, 2010

GIGM broke out of 2.63 today. The technical charts are showing positive signs of further strength. The RSI value is increasing and approaching the 50 level. The MACD indicator just made a bullish crossover. Stock Price momentum is likely to continue on GIGM if the MACD indicator can stay above its signal line for the next few trading days.

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TEVA is now trading below its 200-day moving average. The next few trading days will be crucial for TEVA. There is a high possibility that the stock price will test the resistance area ( 200 dma ) again in the next few sessions. If the stock is able to close above the 200-day moving average at $55.53, it will be good for the bulls. If the stock is not able to gather enough momentum, then the correction looks set to test the low of $52 set on Dezember 09.

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SIRI has lost momentum since its positive results, but medium term uptrend is still on. As long as the stock price trades above its 50-day moving average, it should slowly try to make an upmove. A sideways move between $1.01 and $1.20 is possible over the medium-term which will be construed as positive from a long-term perspective. However, in short-term the stock needs to get back to $1.10-$1.15 range to pick up momentum again. At this point, SIRI looks fine as long as it stays above its 50-day moving average. $1.25 is a big resistance for the stock.

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GNBT had a large volume and large spread on Tuesday. At this point, I could not see any formation in the chart, at the very least, it could have broken out of a downtrend with a target price of above 0.489. Currently the stock has already reached 0.46. So this means a lot are still hoping for GNBT to move higher. Larger volume on the upward movement means you should buy this stock.

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Earnings Announcements for Thursday

A/S Dampskibsselskabet Torm – TRMDKONGZHONG CORP – KONG
Aeropostale, Inc. – AROLakes Entertainment, Inc. – LACO
AMBIENT CORP – ABTG.OBLINKTONE – LTON
AMERICAN INTL INDUSTRIES – AMINMarvell Technology Group Ltd. – MRVL
Ameritrans Capital – AMTCMF Global Holdings Ltd. – MF
Ants Software.com – ANTS.OBNational Grid – NGG
BioTime – BTIM.OBNational Western Life Insurance – NWLI
Bon-Ton Stores – BONTNew York & Company Inc. – NWY
Brocade Communications Systems, Inc. – BRCDNewLead Holdings Ltd. – NEWL
Cambridge Heart, Inc. – CAMH.OBNordson – NDSN
Camco Financial – CAFIPacific Sunwear of California, Inc. – PSUN
Casual Male Retail Group, Inc. – CMRGPatterson Dental – PDCO
CEL-SCI – CVMPerry Ellis International – PERY
CHINA ARCHITECTURAL ENGR INC – CAEIPET DRX CORPORATION – VETS
Comm Bancorp – CCBPPositron – POSC.OB
Computer Sciences Corporation – CSCRaven Industries Incorporated – RAVN
Compuware Corporation – CPWRRed Robin Gourmet Burgers, Inc. – RRGB
Cost Plus – CPWMRoss Stores, Inc. – ROST
Cristalerias de Chile S.A. – CGWSalesforce.com, Inc. – CRM
Dell, Inc. – DELLSHIP FINANCE INTERNATIONAL LTD – SFL
DOCUMENT CAPTURE TECHNOLOGIES – DCMT.OBStage Stores – SSI
Dollar Tree Stores – DLTRStaples, Inc. – SPLS
eLong Inc – LONGStein Mart, Inc. – SMRT
Focus Media Holding Ltd. – FMCNThe Buckle – BKE
Foot Locker, Inc. – FLThe Cato Corporation – CATO
Gamestop Corp. – GMEThe Children’s Place Retail Stores, Inc. – PLCE
GATEWAY ENERGY CORP – GNRG.OBThe Wet Seal, Inc. – WTSLA
Golf Trust of America – PTXTidewater – TDW
HealthMarkets – UCIToro – TTC
ImaRx Therapeutics, Inc. – IMRX.OBTrans World Entertainment Corp. – TWMC
Internet Gold – IGLDTranscontinental Realty – TCI
Intuit – INTUVerigy, Ltd. – VRGY
Iteris, Inc. – ITIWilliams-Sonoma – WSM
Kemet – KEME.OBZumiez Inc. – ZUMZ

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Oversold stocks – RSI has been below 30 over the last 5 days

NOK – NOKIA CORPITMN – InterMune Pharmaceutical
BP – BP AMOCO ADSNTY – NBTY, Inc.
DF – DEAN FOODS INCSGMS – Scientific Games Corp
BAX – BAXTER INTERNATIONALVPRT – Vistaprint Nv
RIG – Transocean LtdDRWI – Dragonwave Inc
MON – Monsanto CoDOLE – Dole Food Co
KG – KING PHARMACEUTICALGXDX – Genoptix Inc
MCO – Moody’s CorpSYKE – Sykes Enterprises
MHP – MCGRAW HILL COS INC

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Overbought stocks – RSI has been above 70 over the 5 days

SY – Sybase IncPFWD – PHASE FORWARD INC
CYBS – CyberSource CorporationSXE – Stanley Associates Inc
SPRD – Spreadtrum CommunicationsCBEY – Cbeyond Inc
CXG – CNX GAS CORPORATIONCVGI – COMMERCIAL VEHICLE
CLDX – Avant ImmunotherapeSENO – SenoRx Inc
CSTR – Coinstar, Inc.PRI – Primerica
VTIV – Inventive Health

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New 52 Week Lows

NOK – NOKIA CORPFCEL – FuelCell Energy, Inc.
XOM – EXXON MOBIL CORPBAESY – BAES SYS PLC SPONS ADR
TSFG – South Financial GroupZBB – ZBB Energy Corp
RIG – Transocean LtdPSGI – Prime Star Group Inc
NBG – NATIONAL BANK OF GRHLXW – Black Sea Oil Inc
FBC – FLAGSTAR BANCORP INCOTE – HELLENIC TELECOMMUN
WFR – MEMC Electronic MatOPMG – Options Media Group
TOT – Total SaBWEN – Blackfoot Enterpris
GFGU – GetFugu IncGRO – Agria Corp
STP – SUNTECH POWER HOLDINGSAVNW – Haris Stratex
SPWRA – SUNPOWER CORPORATIONXIN – Xinyuan Real Estate Co
RGN – REGENERX BIOPHARMAUWBK – Matrix Bancorp, Inc
EXC – EXELON CORPORATIONCHP – C & D TECHNOLOGIES INC
MTU – Mitsubishi Tokyo FiANX – Biokeys Pharmaceutical
DO – DIAMOND OFFSHR DRLLHYTM – HYTHIAM INC
ACTC – Advanced Cell Techn.SMTB – Smithtown Bancorp Inc
MSVS – Micron Enviro SystemsTPAC – Pinnacle Energy Corp
FTE – France Telecom ADSCHRX – Paramount Acquisition
SPWRB – SunPower CorpVE – VEOLIA ENVIROMENT ADS
TLCVQ – TLC Laser Eye CenteARYX – ARYx Therapeutics Inc
GNVC – GenVec IncJAVO – Javo Beverage Co Inc
NZT – TELECOM CORP NEW ZETAN – Claymore MAC Global
RYAAY – Ryanair Holdings plcMDOR – MAGNUM D’OR RES INC
ACH – ALUMINUM CORP OF CHORN – Orion Marine Group Inc
CITC – CHILDREN’S INTERNETXSEL – Xinhua Sports and E
OCNF – Ocean FreightEONGY – EON AG
FORM – FORMFACTOR INCCRXL – Crucell NV
TRMA – TRICO MARINE SVCCAF – MS China A Share Fu.
WG – WILLBROS GROUP INCMELA – Mela Sciences
ALTI – Altair InternationationalWH – WSP Holdings Ltd
AOB – AMER ORIENTAL BIOEN

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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.

About Antonio Costa 325 Articles

Antonio Costa is a 35 year old part-time trader who trade stocks in the US market.

Visit: AC Investor Blog

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