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 – TRMD KONGZHONG CORP – KONG
Aeropostale, Inc. – ARO Lakes Entertainment, Inc. – LACO
AMBIENT CORP – ABTG.OB LINKTONE – LTON
AMERICAN INTL INDUSTRIES – AMIN Marvell Technology Group Ltd. – MRVL
Ameritrans Capital – AMTC MF Global Holdings Ltd. – MF
Ants Software.com – ANTS.OB National Grid – NGG
BioTime – BTIM.OB National Western Life Insurance – NWLI
Bon-Ton Stores – BONT New York & Company Inc. – NWY
Brocade Communications Systems, Inc. – BRCD NewLead Holdings Ltd. – NEWL
Cambridge Heart, Inc. – CAMH.OB Nordson – NDSN
Camco Financial – CAFI Pacific Sunwear of California, Inc. – PSUN
Casual Male Retail Group, Inc. – CMRG Patterson Dental – PDCO
CEL-SCI – CVM Perry Ellis International – PERY
CHINA ARCHITECTURAL ENGR INC – CAEI PET DRX CORPORATION – VETS
Comm Bancorp – CCBP Positron – POSC.OB
Computer Sciences Corporation – CSC Raven Industries Incorporated – RAVN
Compuware Corporation – CPWR Red Robin Gourmet Burgers, Inc. – RRGB
Cost Plus – CPWM Ross Stores, Inc. – ROST
Cristalerias de Chile S.A. – CGW Salesforce.com, Inc. – CRM
Dell, Inc. – DELL SHIP FINANCE INTERNATIONAL LTD – SFL
DOCUMENT CAPTURE TECHNOLOGIES – DCMT.OB Stage Stores – SSI
Dollar Tree Stores – DLTR Staples, Inc. – SPLS
eLong Inc – LONG Stein Mart, Inc. – SMRT
Focus Media Holding Ltd. – FMCN The Buckle – BKE
Foot Locker, Inc. – FL The Cato Corporation – CATO
Gamestop Corp. – GME The Children’s Place Retail Stores, Inc. – PLCE
GATEWAY ENERGY CORP – GNRG.OB The Wet Seal, Inc. – WTSLA
Golf Trust of America – PTX Tidewater – TDW
HealthMarkets – UCI Toro – TTC
ImaRx Therapeutics, Inc. – IMRX.OB Trans World Entertainment Corp. – TWMC
Internet Gold – IGLD Transcontinental Realty – TCI
Intuit – INTU Verigy, Ltd. – VRGY
Iteris, Inc. – ITI Williams-Sonoma – WSM
Kemet – KEME.OB Zumiez Inc. – ZUMZ

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

NOK – NOKIA CORP ITMN – InterMune Pharmaceutical
BP – BP AMOCO ADS NTY – NBTY, Inc.
DF – DEAN FOODS INC SGMS – Scientific Games Corp
BAX – BAXTER INTERNATIONAL VPRT – Vistaprint Nv
RIG – Transocean Ltd DRWI – Dragonwave Inc
MON – Monsanto Co DOLE – Dole Food Co
KG – KING PHARMACEUTICAL GXDX – Genoptix Inc
MCO – Moody’s Corp SYKE – Sykes Enterprises
MHP – MCGRAW HILL COS INC

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

SY – Sybase Inc PFWD – PHASE FORWARD INC
CYBS – CyberSource Corporation SXE – Stanley Associates Inc
SPRD – Spreadtrum Communications CBEY – Cbeyond Inc
CXG – CNX GAS CORPORATION CVGI – COMMERCIAL VEHICLE
CLDX – Avant Immunotherape SENO – SenoRx Inc
CSTR – Coinstar, Inc. PRI – Primerica
VTIV – Inventive Health

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New 52 Week Lows

NOK – NOKIA CORP FCEL – FuelCell Energy, Inc.
XOM – EXXON MOBIL CORP BAESY – BAES SYS PLC SPONS ADR
TSFG – South Financial Group ZBB – ZBB Energy Corp
RIG – Transocean Ltd PSGI – Prime Star Group Inc
NBG – NATIONAL BANK OF GR HLXW – Black Sea Oil Inc
FBC – FLAGSTAR BANCORP INC OTE – HELLENIC TELECOMMUN
WFR – MEMC Electronic Mat OPMG – Options Media Group
TOT – Total Sa BWEN – Blackfoot Enterpris
GFGU – GetFugu Inc GRO – Agria Corp
STP – SUNTECH POWER HOLDINGS AVNW – Haris Stratex
SPWRA – SUNPOWER CORPORATION XIN – Xinyuan Real Estate Co
RGN – REGENERX BIOPHARMA UWBK – Matrix Bancorp, Inc
EXC – EXELON CORPORATION CHP – C & D TECHNOLOGIES INC
MTU – Mitsubishi Tokyo Fi ANX – Biokeys Pharmaceutical
DO – DIAMOND OFFSHR DRLL HYTM – HYTHIAM INC
ACTC – Advanced Cell Techn. SMTB – Smithtown Bancorp Inc
MSVS – Micron Enviro Systems TPAC – Pinnacle Energy Corp
FTE – France Telecom ADS CHRX – Paramount Acquisition
SPWRB – SunPower Corp VE – VEOLIA ENVIROMENT ADS
TLCVQ – TLC Laser Eye Cente ARYX – ARYx Therapeutics Inc
GNVC – GenVec Inc JAVO – Javo Beverage Co Inc
NZT – TELECOM CORP NEW ZE TAN – Claymore MAC Global
RYAAY – Ryanair Holdings plc MDOR – MAGNUM D’OR RES INC
ACH – ALUMINUM CORP OF CH ORN – Orion Marine Group Inc
CITC – CHILDREN’S INTERNET XSEL – Xinhua Sports and E
OCNF – Ocean Freight EONGY – EON AG
FORM – FORMFACTOR INC CRXL – Crucell NV
TRMA – TRICO MARINE SVC CAF – MS China A Share Fu.
WG – WILLBROS GROUP INC MELA – Mela Sciences
ALTI – Altair Internationational WH – 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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