Stocks in Play for May 21, 2010

Google (GOOG) failed to close above the resistance level of $500. This resulted in a sharp drop on Wednesday. The recent price patterns suggest that the downward move witnessed on Wednesday and today could continue. A decline to the $465-$450 range appears likely. Technically, GOOG is in a Bearish mode with MACD below signal line and the price below both 50 and 200 day moving averages.

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American International Group (AIG) – The stock may find support near $33.25-$33. If sustained these level then an upmove to $37 expected. The technical indicators of the daily chart are still negative suggesting further possible pressure but a strong closing again above $36.45 could change this scenario.

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Earnings Announcements for Friday

A.P. Pharma Inc. – APPA HSBC FINANCE CORP – HTB
ACORN INTERNATIONAL INC – ATV IFM Investments Ltd – CTC
AnnTaylor Stores – ANN Imaging Diagnostic Systems, Inc. – IMDS.OB
ARC WIRELESS SOLUTIONS INC – ARCW LADENBURG THALMAN FIN SVCS INC – LTS
Bank of Granite – GRAN Magal Security Systems – MAGS
COMMUNITYSOUTH FINANCIAL CORP – CBSO.OB Metalink – MTLK
CYCLE CTRY ACCESSORIES CORP – ATC NASB Financial, Inc. – NASB
Empire Resorts – NYNY Optibase – OBAS
Frontline Ltd. – FRO ROSETTA GENOMICS LTD – ROSG
Gap Inc. – GPS Tech Data Corporation – TECD
Graham – GHM Torch Energy – TRU
Hibbett Sports Inc. – HIBB TORTOISE NORTH AMRN ENRGY CORP – TYN

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List of stocks whose the chart is displaying a New CCI Buy Signal

(AFFY) Affymax Inc. (LUXE) Lux Energy Corp.
(AMRN) Amarin Corp. (LXRX) Lexicon Pharmaceuticals, Inc.
(BSGC) BigString Corp. (MMSI) Merit Medical Systems, Inc.
(CRCUF) Canarc Resource Corp. (MYNG) Golden Eagle Intl Inc.
(CVAT) Cavitation Technologies, Inc. (NOVL) Novell, Inc.
(ESPI) ESP Resources Inc. (QSFT) Quest Software, Inc.
(GSOL) Global Sources Ltd. (RNCHQ) Rancher Energy Corp.
(HNAB) Hana Biosciences Inc. (ULBI) Ultralife Batteries, Inc.
(LEXO) Lexon Technologies Inc. (WERN) Werner Enterprises, Inc.

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Improving Chaikin Money Flow

(ABII) Abraxis BioScience, Inc. (MBST) Mobile Star Corp.
(ACUR) Acura Pharmaceuticals, Inc. (OPBL) Optionable, Inc.
(AMCG) Amico Games Corp. (PAYD) Paid, Inc.
(ARWD) Arrow Resources Development, Inc. (PDEX) Pro-Dex, Inc.
(CHFC) Chemical Financial Corp. (QSFT) Quest Software, Inc.
(CNOA) China Organic Agriculture, Inc. (RPTP) Raptor Pharmaceutical Inc.
(ESPI) ESP Resources Inc. (SRCO) Sparta Commercial Services Inc
(GSAT) Globalstar Inc. (WTKN) WellTek Inc.
(INFI) Infinity Pharmaceuticals, Inc.

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Bullish Signal Reversal Alerts

(ACUR) Acura Pharmaceuticals, Inc. (GXDX) Genoptix Inc.
(AVNW) Aviat Networks Inc. (OPLK) Oplink Communication, Inc.
(BRCD) Brocade Communications Systems, Inc. (RGEN) Repligen Corp.
(CAEI) China Architectural Engineering, Inc. (TEVA) Teva Pharmaceutical Industries Ltd.
(CVVT) China Valves Technology Inc. (UTIW) UTi Worldwide Inc.
(CXDC) China XD Plastics Co. Ltd. (VISN) VisionChina Media Inc.
(EBAY) eBay, Inc. (WFSL) Washington Federal, Inc.
(FBCM) FBR Capital Markets Corp. (WGBS) WaferGen Bio-systems, Inc.
(FMER) FirstMerit Corp.

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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.

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