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 – CARV Magal Security Systems – MAGS
Elbit Imaging Ltd. – EMITF Mentor Graphics – MENT
FUWEI FILMS HLDGS CO LTD – FFHL PDG ENVIRONMENTAL INC – PDGEE.OB
GOLAR LNG LTD BERMUDA – GLNG Quality 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 CO ES – EnergySolutions Inc
MBI – M B I A INC BGP – BORDERS GROUP INC MICH
SYY – SYSCO CORP WR – WESTERN RESOURCES INC
TEL – Tyco Electronics Ltd JRCC – JAMES RIVER COAL CO
SPF – STANDARD PACIFIC CORP CBB – Cincinnati Bell
KMB – KIMBERLY CLARK CORP HITK – Hi-Tech Pharmacal C
NG – NOVAGOLD RESOURCES INC THG – ALLMERICA FINANCIAL
STZ – Constellation Brand HNR – Harvest Natural Resources
USG – U S G CORP GSX – Gasco Energy Inc
WBC – Wabco Holdings Inc

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List of stock whose RSI(14) Crossed above 30

YRCW – Yellow Roadway LGND – Ligand Pharmaceutical
CBAI – Cord Blood America Inc. ITC – ITC HOLDINGS CORP
RIG – Transocean Ltd APL – Atlas Pipeline Part
RAD – RITE AID CORP EXXI – Energy XXI Ltd
OIH – OIL SERVICE HOLDERS SUG – SOUTHERN UNION CO
AONE – A123 Systems Inc CIE – Cobalt International
AMLN – Amylin Pharmaceutical RBY – RUBICON MINERALS CP
JAV – Intercontinental Te RIGL – Rigel Pharmaceutical
IDTA – IDENTA CORP HEAT – SmartHeat Inc
MMR – MCMORAN EXPLORATION CO HEV – Enerl Inc
BIEL – BIEL AMED – Amedisys Inc
TC – BLUE PEARL MINING LT NXXI – Nutrition 21 Inc
BMRN – BioMarin Pharmaceutical BGY – BlkRck Intl Grwth
VGPR – VEGA PROMOTIONAL SYS FTEK – Fuel Tech
DST – DST SYSTEMS INC RECN – Resources Connectio
SGY – STONE ENERGY CORP WPZ – WILLIAMS PARTNERS L.P.
BG – BUNGE LTD RODM – Enthrust Financial
BPZ – BPZ Resources OMG – O M GROUP IN
DBC – PS DB COMMODITY IDX ENP – Encore Energy Partn
PGH – Pengrowth Energy Trust AUDC – AudioCodes Ltd.
RINO – JADE MOUNTAIN CORP AWP – 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 9.95 ONXX – ONYX Pharmaceutical
XOM – EXXON MOBIL CORP GERN – Geron Corporation
VZ – Verizon Comm REP – REPSOL YPF SA
PDMI – Paradigm Medical Industries, Inc. ALVR – Alvarion Ltd
SYMC – Symantec Corporation ALYI – Alternet Systems Inc
QCOM – QUALCOMM Incorporated ATK – ALLIANT TECHSYSTEMS
GILD – Gilead Sciences, Inc. YASH – Vortex Resources Corp
BSX – BOSTON SCIENTIFIC CORP E – E N I SPA ADR
KR – KROGER CO BONZ – Bonanza Goldfields
SCHW – Charles Schwab Corp AGT – APOLLO GOLD CP
BRCD – Brocade Communications ERII – Energy Recovery Inc
LLY – LILLY ELI & CO KV.A – K-V Pharmaceutical Co
MON – Monsanto Co GFGU – GetFugu Inc
NBG – NATIONAL BANK OF GR MASI – Masimo Corp
KG – KING PHARMACEUTICAL FORM – FORMFACTOR INC
PBCT – People’s Bank PFCE – Pacific Fuel Cell Corp
EXC – EXELON CORPORATION EZU – ISHARES MSCI EMU ID
STT – STATE STREET CORP NGHI – Nevada Gold Holding.
BBVA – BANCO BILBAO VIZCAYA KRNY – KEARNY FINANCIAL
TOT – Total Sa TWGP – TOWER GROUP INC
OCNF – Ocean Freight HNP – HUANENG POWER INTL INC
IMAI – INTL MERCHANT ADVISORS TKLC – Tekelec
MBHI – Midwest Banc Holdings AKNS – Akeena Solar Inc
MFE – MCAFEE, Inc. FRDM – Freedom Environment
PLUG – Plug Power, Inc. WG – WILLBROS GROUP INC
STP – SUNTECH POWER HOLDINGS QDEL – Quidel Corporation
SFNL – Secured Financial Network, Inc. EEFT – Euronet Services, Inc.
GTXI – GTX INC VE – VEOLIA ENVIROMENT ADS
PDLI – PDL BioPharma MGAFF – MAPLE MINERALS CP
CF – CF INDUSTRIES HOLDINGS TI – TELECOM ITALIA
CS – CREDIT SUISSE GROUP HTH – AFFORDABLE RESID CMTYS
ALTO – Alto Group Holdings JMAR – JMAR Technologies
EXPU – Expert Group, Inc. DDE – DOVER DOWNS GAMING
CITC – CHILDREN’S INTERNET SURW – SureWest Communications
DT – DEUTSCHE TELEKOM AG NGG – National Grid Trans
AOD – ALPINE TOTAL DYNAMIC NPD – China Nepstar Chain
TEF – TELEFONICA SA EDIG – E Digital Corp
CTHP – Cancer Therapeutics Inc ALNY – ALNYLAM PHARMACEUTICAL
ESLR – Evergreen Solar Inc OXGN – OXiGENE, Inc.
PNRC – Premier Nursing Pro VNDA – Vanda Pharmaceutical
RZ – RASER TECHNOLOGIES INC HRCT – Hartcourt Companies
TSYS – TeleCommunication S. MNDP – MUNDUS GROUP INC NEW
KNDR – KENDER ENERGY INC ICOP – ICOP DIGITAL INC
FTE – France Telecom ADS NNA – Navios Maritime Acq
ERFW – Fleetclean Systems Inc MDORE – MAGNUM D’OR RES INC
EVSO – Evolution Solar Corp CGNH – 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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