Shares of KLA-Tencor (KLAC) have begun to post lower highs and are on the verge of breaking support at the $28.21. The weak outlook would be negated on a close above $30.12. A close above this level would warrant liquidation of short positions.
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Currently Bank of America (BAC) has support near $14.86 and again at $14.42. Given the bearish turn in the technical indicators I suspect the stock may be ready to breakdown into a new trend lower. Stay tuned.
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Baidu (BIDU) is another stock that is rising with a bullish trend of higher lows. Volume on Monday’s gain was below average but the stock closed back above its 5-dma. Short-term technicals are turning positive. Hold your current position with a stop at $66.
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After the initial drop Generex Biotechnology (GNBT) rallied back to close at $0.38 recovering all the losses of the day. Maybe the fact that the stock closed above the support again at $0.37, was a good sign. In addition, short-term technical indicators are improving and the MACD on the daily chart recently produced a new buy signal. If the stock can break Monday’s high, we should see a strong follow through move. GNBT will move very quickly, so keep a very close eye on the stock.
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Bullish Reversal Alert
| ACUR – Acura Pharmaceuticals, Inc. | HMSY – Health Management Systems, Inc. |
| ASMI – ASM Intl N.V. | LFUS – Littelfuse, Inc. |
| AVNW – Aviat Networks Inc. | MYRG – MYR Group, Inc. |
| BRCD – Brocade Communications Systems, Inc. | NWSA – News Corp. Ltd. |
| BRKR – Bruker Corp. | OPLK – Oplink Communication, Inc. |
| CA – CA Inc. | PSUN – Pacific Sunwear of California, Inc. |
| CAEI – China Architectural Engineering, Inc. | RGEN – Repligen Corp. |
| CNMD – CONMED Corp. | SMOD – SMART Modular Technologies Inc. |
| CPSI – Computer Programs and Systems Inc. | SUPG – SuperGen, Inc. |
| CVVT – China Valves Technology Inc. | TEVA – Teva Pharmaceutical Industries Ltd. |
| CXDC – China XD Plastics Co. Ltd. | UTIW – UTi Worldwide Inc. |
| DLLR – Dollar Financial Corp. | VISN – VisionChina Media Inc. |
| EBAY – eBay, Inc. | WFSL – Washington Federal, Inc. |
| FBCM – FBR Capital Markets Corp. | WGBS – WaferGen Bio-systems, Inc. |
| FMER – FirstMerit Corp. | WMAR – West Marine, Inc. |
| GXDX – Genoptix Inc. |
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Earnings Announcements for Tuesday
| AutoZone Inc. – AZO | Trina Solar Limited – TSL |
| Convio – CNVO | TTI Telecom – TTIL |
| Cracker Barrel Old Country Store, Inc. – CBRL | WSP Holdings Ltd – WH |
| DSW Inc. – DSWO | Partner Communications – PTNR |
| Dycom Industries – DY | Pointer Telocation Ltd – PNTR |
| Elbit Imaging Ltd. – EMITF | Pulaski Financial – PULB |
| Flowers Foods – FLO | ROYAL STD MINERALS INC – RYSMF.OB |
| HEICO – HEI | SALARY.COM INC – SLRY |
| Hutchison Telecommunications International – HTX | Sanderson Farms – SAFM |
| ITURAN LOCATION & CONTROL – ITRN | Sino-Global Shipping Agency – SINO |
| Ixys Corporation – IXYS | Sociedad Quimica y Minera de Chile – SQM |
| Medtronic Inc. – MDT | Stanley, Inc. – SXE |
| NETEZZA CORP – NZ | Tefron – TFRFF.OB |
| Palm Harbor Homes – PHHM | TIVO INC – TIVO |
| DANAOS CORP – DAC |
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Unusual Volume
| SCLL – Stem Cell Innovations, Inc. | BHPLF – BHP BILLITON LTD |
| BRCD – Brocade Communications | SHMN – SOHM Inc |
| CRM – SALESFORCE.COM INC | ZBB – ZBB Energy Corp |
| EXPU – Expert Group, Inc. | WSTM – Workstream Inc. |
| CRGO – Cargo Connection Logistics Holding, Inc. | CBRX – Columbia Laboratories |
| EESO – Enzyme Environmenta | FLOW – Lava Flow Inc |
| OEH – ORIENT-EXPRESS HOTE | TAON – Tao Minerals |
| CLDX – Avant Immunotherapeutics | HIBB – Hibbett Sports |
| AZSEY – ALLIANZ Se | NDSN – Nordson Corporation |
| RRGB – RED ROBIN GOURMET B | CEMI – TRADING SOLUTIONS |
| VRGY – Verigy | PROJ – Deltek Inc |
| WOLV – Wolverine Exploration | EURX – Eurand NV |
| AMNG – The Amergence Group | ICRD – Inetevents Inc |
| NTMG – NT Mining Corp | LQDT – LIQUIDITY SERVICES |
| DLIA – DELIAS INC | LUNMF – LUNDIN MNG CORP |
| BELM – Bell Microproducts | WLBC – Global Consumer Acq |
| GETG – Green Earth Technol | SONO – SonoSite, Inc. |
| ROYE – World Marketing Inc | SNCTO – SOVEREIGN CAP TR IV |
| ALYI – Alternet Systems Inc | GARB – Garb Oil & Powe. |
| ADLR – Adolor Corp | CXE – Mfs Hi Incm Muni |
| SCC – UltraShort Consumer | ALIZF – Allianz AG |
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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.
