Stocks in Play for June 1 (AAPL, MOT, DRYS)

Apple (AAPL) – The stock had a pretty good rebound on price accompanied with volume. However, I still need to see more with a breakout above 265 and higher volume. The technical daily chart shows the stock is in a strong bull market with 50 day moving averageon top over 200 day moving average. Although KD is showing some weakness as %K line is below %D line, for the long term the stock should continue to go up. If the stock can break through $265, I expect to see momentum drive the price higher.

(click to enlarge)

Last month, I showed a chart of the Cell Therapeutics (CTIC) breaking down. This is obviously an interest sensitive stock waiting for news. The stock gapped down and fell sharply last week. This move created an oversold situation that has been worked with a bounce. I note that the recent volume is decreasing, which portends weakening in the short-term bullish momentum and the trend is unlikely to continue and prices will either increase at a slower rate or start to fall. For the coming week exercise caution in buying.

(click to enlarge)

Sounds like OceanFreight (OCNF) is gaining some momentum again. The stock has made a strong bounce off of the lows that were posted earlier in the week with high volume. The technical daily chart shows possible new rally as %K line is back above %D line, while the RSI is also gaining strength. If a proper breakout happens at 0.55 we can see a target of 0.703.

(click to enlarge)

Generex Biotechnology Corporation (GNBT) jumped up by 3.16% and closed at $0.392 with total volume of 1.78 million shares. Upside volume has been good lately and there are two levels to watch for a breakout: $0.43 and $0.454. The technical indicators are improving with increased accumulation. Keep GNBT on your radar !!!

(click to enlarge)

Motorola (MOT) – I like MOT as long as it remains above $6.60. As a sign of his confidence in the future of the company, Carl Ichan recently increased the stake in Motorola . The stock continues to hold $6.60 but trade in a narrow range. Shareholders are probably getting frustrated because the stock doesn’t move higher. Motorola is a great company and I plan to buy the stock on a close over the 50 day moving average (currently located at $7.08 ). This area is the major resistance level right now. A break above this level will cause a large short squeeze.

(click to enlarge)

BioPharma (HEB) – I own Hemispherx  and like it for the long term. The stock is retesting the 10-day moving average located at $0.669. A close above this level would be bullish for the short term. The technical daily chart shows the stock is back to new rally as %K line is on top of %D line. With MACD about to go back above 0 the stock could see more upside movement.

(click to enlarge)

Dry Ships (DRYS) – Shares of Dry Ships are now backing above the 10 day moving average located at $4.79. . The stock hasn’t closed above the 10 day moving average since falling below this level when it was trading at $5.60. I’m now watching the high from last week at $4.89. If Dry Ships breaks above this level, I will be buying the stock.

(click to enlarge)

Stocks that have a Bullish Engulfing pattern at the end of their daily chart

DYN – Dynegy Delaware IncFICO – Fair Isaac Inc
TAP – ADOLPH COORS COGFIG – GFI GROUP INC
BJ – BJ’S WHOLESALE CLUBPLAB – Photronics, Inc.
REGN – Regeneron PharmaceuticalART – ARTIO GLOBAL INVEST
VLTR – VOLTERRA SEMICONDUCTORBKH – BLACK HILLS CORP
CLH – Clean Harbors, Inc.FRED – Fred’s, Inc.
COGT – COGENT INCVSI – Vitamin Shoppe

……….

Stocks that have a Bearish Engulfing pattern at the end of their daily chart

F – FORD MOTOR COMPANYBA – BOEING CO
WFC – WELLS FARGO &AVP – AVON PRODUCTS INC
NOK – NOKIA CORPSPN – SUPERIOR ENERGY SVC
MO – ALTRIA GROUPDNDN – Dendreon Corporation
HPQ – HEWLETT-PACKARD COWM – WASTE MANAGEMENT INC
HD – HOME DEPOT INCRCL – ROYAL CARIBBEAN CRU
EBAY – eBay Inc.CMI – CUMMINS ENGINE CO INC
HBAN – Huntington BancsharKMB – KIMBERLY CLARK CORP
PM – Philip Morris InternationalATHR – ATHEROS COMMUN INC
WIN – Windstream CorpLEAP – LEAP WIRELESS INTL
KFT – KRAFT FOODS INCRHT – Red Hat, Inc.
CBS – CBS Cl BFRX – FOREST LABORATORIES
ONNN – ON Semiconductor CoAXL – American Axle
CAT – Caterpillar IncROST – Ross Stores, Inc.
SPLS – Staples, IncTDW – TIDEWATER INC
EK – EASTMAN KODAK CONTRS – Northern Trust Corp
ABX – BARRICK GOLD CORPWY – WEYERHAEUSER CO
CIEN – CIENA CorporationMF – MF Global Hld Ltd
MAS – Masco CorporationADCT – ADC Telecommunications
APA – APACHE CORPHAS – HASBRO INC
MMM – 3M, MINNESOTA MNGAMCC – Applied Micro Circuits
BTU – PEABODY ENERGY CORPMTW – MANITOWOC CO INC
EWY – WEBS South KoreaCNI – CANADIAN NATL RAIL CO
HCBK – Hudson City Bancorp.SOLF – Solarfun Power Hold

……….

List of stocks with an unusual high volume over this week

THRA – Therma-Med, Inc.STXXQ – SOUTH TEXAS OIL COMP
MON – Monsanto CoLBSV – Liberty Silver Corp
TPHM – Thomas Pharmaceuticals Ltd.PBEC – Pacific Blue Energy
NTAP – NetApp IncABCP – Ambase Corp
OOAG – OMDA Oil and Gas IncEGHT – 8X8 Inc
JSDA – Jones Soda CoHIT – HITACHI LTD
TLAN – Talent Alliance IncAVGCF – Avion Resources Corp
OII – OCEANEERING INTL INCSGTPY – Surgutneftegaz Pref
BCON – Beacon Power CorpAMLM – American Lithium M
ZIOP – EASYWEB INCHEPI – HEALTH ENHANCEMENT
CXMSF – Cemex Sa Da Cv CpoUNGS – Adventure Energy Inc
CIE – Cobalt InternationalFEWP – Celestial Delights
EEB – Claymore BNY BRICPAYI – Pay88 Inc
DGIT – DG FastChannelJAVO – Javo Beverage Co Inc
FSII – FSI InternationalUVE – Universal Insurance
FWTC – Freshwater TechnoloAPNT – Nano Proprietary Inc
ESPH – Ecosphere TechnologIMYN – Immunosyn Corp
EHMI – SEARCHHELP INCNAUH – Camden Learning Corp
PNRC – Premier Nursing ProAPLL – Apolo Gold Inc
AEGY – Alternative EnergyBCUFF – Bell Copper Corp
JAS – JO-ANN STORES INCCHAG – Chancellor Group Inc
TTEC – TeleTech HoldingsCJBK – Monmouth Community
GTXI – GTX INCGEECF – Life Energy Technol
BFR – BANCO FRANCES DEL RCTCC – City Capital Corp
DTSL – Delivery TechnologyWTKN – WellTek Inc
HNP – HUANENG POWER INTL INCAMCRY – Amcor Limited
TLPH – Teliphone CorpVDC – VANGUARD CONSUM STA
EDMC – Education ManagementCRMY – Carmel Energy Inc
BYOC – Reel Estate ServicesCMM – China Mass Media

……….

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

Be the first to comment

Leave a Reply

Your email address will not be published.


*