Stocks in Play for May 28 (NTAP, ARUN, FRPT)

Shares of NetApp (NTAP) rose 17% to 38.17 after the company forecasting higher sales this quarter than analysts estimated. The stock broke out today on higher volume ( 4x normal daily volume ) above a major resistance point. This should be the first part of a bigger move, which is why I’ll be watching the stock closely on Friday.

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Force Protection (FRPT) is one stock that has sold off the past few weeks, but today’s move could be the start of a turnaround. The stock closed above a key resistance point and is setting up for an upside move. I feel there will be an upside move very soon, which is why I continue to follow this stock. Resistance stays at $4.70, which was Wednesday’s high. Early in the morning Merriman Curhan Ford reiterated a buy rating and $7-8 price target on shares of Force Protection after it was selected to provide two prototypes for test drive for the Australian Minister of Defense. A Merriman Curhan Ford analyst states, “With high operational tempo in Afghanistan, and a large and growing backlog of modernization projects, we think there is good visibility for the rest of the year and upside. In addition, we have not built in potential international vehicle production wins, which could also drive estimates higher.” Keep a close eye on FRPT for Wednesday.

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The stock has been in an uptrend since mid November 2009. Aruba Networks (ARUN) has pulled back to its trend line, and looks to be setting up for another upside move. Resistance is $14.02, which was April’s high. If the stock can break through resistance, we should see an increase in volume as traders like to watch this stock.

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Earnings Announcements for Friday

Carver Bancorp – CARVMagal Security Systems – MAGS
Elbit Imaging Ltd. – EMITFMentor Graphics – MENT
FUWEI FILMS HLDGS CO LTD – FFHLPDG ENVIRONMENTAL INC – PDGEE.OB
GOLAR LNG LTD BERMUDA – GLNGQuality Systems – QSII
Industrie Natuzzi – NTZ

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List of stocks whose MA 13 crossed below the MA 50 ( Bearish Cross ) during this week

HL – HECLA MINING COES – EnergySolutions Inc
MBI – M B I A INCBGP – BORDERS GROUP INC MICH
SYY – SYSCO CORPWR – WESTERN RESOURCES INC
TEL – Tyco Electronics LtdJRCC – JAMES RIVER COAL CO
SPF – STANDARD PACIFIC CORPCBB – Cincinnati Bell
KMB – KIMBERLY CLARK CORPHITK – Hi-Tech Pharmacal C
NG – NOVAGOLD RESOURCES INCTHG – ALLMERICA FINANCIAL
STZ – Constellation BrandHNR – Harvest Natural Resources
USG – U S G CORPGSX – Gasco Energy Inc
WBC – Wabco Holdings Inc

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List of stock whose RSI(14) Crossed above 30

YRCW – Yellow RoadwayLGND – Ligand Pharmaceutical
CBAI – Cord Blood America Inc.ITC – ITC HOLDINGS CORP
RIG – Transocean LtdAPL – Atlas Pipeline Part
RAD – RITE AID CORPEXXI – Energy XXI Ltd
OIH – OIL SERVICE HOLDERSSUG – SOUTHERN UNION CO
AONE – A123 Systems IncCIE – Cobalt International
AMLN – Amylin PharmaceuticalRBY – RUBICON MINERALS CP
JAV – Intercontinental TeRIGL – Rigel Pharmaceutical
IDTA – IDENTA CORPHEAT – SmartHeat Inc
MMR – MCMORAN EXPLORATION COHEV – Enerl Inc
BIEL – BIELAMED – Amedisys Inc
TC – BLUE PEARL MINING LTNXXI – Nutrition 21 Inc
BMRN – BioMarin PharmaceuticalBGY – BlkRck Intl Grwth
VGPR – VEGA PROMOTIONAL SYSFTEK – Fuel Tech
DST – DST SYSTEMS INCRECN – Resources Connectio
SGY – STONE ENERGY CORPWPZ – WILLIAMS PARTNERS L.P.
BG – BUNGE LTDRODM – Enthrust Financial
BPZ – BPZ ResourcesOMG – O M GROUP IN
DBC – PS DB COMMODITY IDXENP – Encore Energy Partn
PGH – Pengrowth Energy TrustAUDC – AudioCodes Ltd.
RINO – JADE MOUNTAIN CORPAWP – Alpine Global Premi
ATHN – athenahealth Inc

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List of stocks that have made a new 52 week low price this week

NOK – NOKIA CORP 9.95ONXX – ONYX Pharmaceutical
XOM – EXXON MOBIL CORPGERN – Geron Corporation
VZ – Verizon CommREP – REPSOL YPF SA
PDMI – Paradigm Medical Industries, Inc.ALVR – Alvarion Ltd
SYMC – Symantec CorporationALYI – Alternet Systems Inc
QCOM – QUALCOMM IncorporatedATK – ALLIANT TECHSYSTEMS
GILD – Gilead Sciences, Inc.YASH – Vortex Resources Corp
BSX – BOSTON SCIENTIFIC CORPE – E N I SPA ADR
KR – KROGER COBONZ – Bonanza Goldfields
SCHW – Charles Schwab CorpAGT – APOLLO GOLD CP
BRCD – Brocade CommunicationsERII – Energy Recovery Inc
LLY – LILLY ELI & COKV.A – K-V Pharmaceutical Co
MON – Monsanto CoGFGU – GetFugu Inc
NBG – NATIONAL BANK OF GRMASI – Masimo Corp
KG – KING PHARMACEUTICALFORM – FORMFACTOR INC
PBCT – People’s BankPFCE – Pacific Fuel Cell Corp
EXC – EXELON CORPORATIONEZU – ISHARES MSCI EMU ID
STT – STATE STREET CORPNGHI – Nevada Gold Holding.
BBVA – BANCO BILBAO VIZCAYAKRNY – KEARNY FINANCIAL
TOT – Total SaTWGP – TOWER GROUP INC
OCNF – Ocean FreightHNP – HUANENG POWER INTL INC
IMAI – INTL MERCHANT ADVISORSTKLC – Tekelec
MBHI – Midwest Banc HoldingsAKNS – Akeena Solar Inc
MFE – MCAFEE, Inc.FRDM – Freedom Environment
PLUG – Plug Power, Inc.WG – WILLBROS GROUP INC
STP – SUNTECH POWER HOLDINGSQDEL – Quidel Corporation
SFNL – Secured Financial Network, Inc.EEFT – Euronet Services, Inc.
GTXI – GTX INCVE – VEOLIA ENVIROMENT ADS
PDLI – PDL BioPharmaMGAFF – MAPLE MINERALS CP
CF – CF INDUSTRIES HOLDINGSTI – TELECOM ITALIA
CS – CREDIT SUISSE GROUPHTH – AFFORDABLE RESID CMTYS
ALTO – Alto Group HoldingsJMAR – JMAR Technologies
EXPU – Expert Group, Inc.DDE – DOVER DOWNS GAMING
CITC – CHILDREN’S INTERNETSURW – SureWest Communications
DT – DEUTSCHE TELEKOM AGNGG – National Grid Trans
AOD – ALPINE TOTAL DYNAMICNPD – China Nepstar Chain
TEF – TELEFONICA SAEDIG – E Digital Corp
CTHP – Cancer Therapeutics IncALNY – ALNYLAM PHARMACEUTICAL
ESLR – Evergreen Solar IncOXGN – OXiGENE, Inc.
PNRC – Premier Nursing ProVNDA – Vanda Pharmaceutical
RZ – RASER TECHNOLOGIES INCHRCT – Hartcourt Companies
TSYS – TeleCommunication S.MNDP – MUNDUS GROUP INC NEW
KNDR – KENDER ENERGY INCICOP – ICOP DIGITAL INC
FTE – France Telecom ADSNNA – Navios Maritime Acq
ERFW – Fleetclean Systems IncMDORE – MAGNUM D’OR RES INC
EVSO – Evolution Solar CorpCGNH – Jag Media Hldg
EWP – WEBS Spain

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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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