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.

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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.

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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.

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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 !!!

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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.

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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.

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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.

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

DYN – Dynegy Delaware Inc FICO – Fair Isaac Inc
TAP – ADOLPH COORS CO GFIG – GFI GROUP INC
BJ – BJ’S WHOLESALE CLUB PLAB – Photronics, Inc.
REGN – Regeneron Pharmaceutical ART – ARTIO GLOBAL INVEST
VLTR – VOLTERRA SEMICONDUCTOR BKH – BLACK HILLS CORP
CLH – Clean Harbors, Inc. FRED – Fred’s, Inc.
COGT – COGENT INC VSI – Vitamin Shoppe

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

F – FORD MOTOR COMPANY BA – BOEING CO
WFC – WELLS FARGO & AVP – AVON PRODUCTS INC
NOK – NOKIA CORP SPN – SUPERIOR ENERGY SVC
MO – ALTRIA GROUP DNDN – Dendreon Corporation
HPQ – HEWLETT-PACKARD CO WM – WASTE MANAGEMENT INC
HD – HOME DEPOT INC RCL – ROYAL CARIBBEAN CRU
EBAY – eBay Inc. CMI – CUMMINS ENGINE CO INC
HBAN – Huntington Bancshar KMB – KIMBERLY CLARK CORP
PM – Philip Morris International ATHR – ATHEROS COMMUN INC
WIN – Windstream Corp LEAP – LEAP WIRELESS INTL
KFT – KRAFT FOODS INC RHT – Red Hat, Inc.
CBS – CBS Cl B FRX – FOREST LABORATORIES
ONNN – ON Semiconductor Co AXL – American Axle
CAT – Caterpillar Inc ROST – Ross Stores, Inc.
SPLS – Staples, Inc TDW – TIDEWATER INC
EK – EASTMAN KODAK CO NTRS – Northern Trust Corp
ABX – BARRICK GOLD CORP WY – WEYERHAEUSER CO
CIEN – CIENA Corporation MF – MF Global Hld Ltd
MAS – Masco Corporation ADCT – ADC Telecommunications
APA – APACHE CORP HAS – HASBRO INC
MMM – 3M, MINNESOTA MNG AMCC – Applied Micro Circuits
BTU – PEABODY ENERGY CORP MTW – MANITOWOC CO INC
EWY – WEBS South Korea CNI – CANADIAN NATL RAIL CO
HCBK – Hudson City Bancorp. SOLF – Solarfun Power Hold

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List of stocks with an unusual high volume over this week

THRA – Therma-Med, Inc. STXXQ – SOUTH TEXAS OIL COMP
MON – Monsanto Co LBSV – Liberty Silver Corp
TPHM – Thomas Pharmaceuticals Ltd. PBEC – Pacific Blue Energy
NTAP – NetApp Inc ABCP – Ambase Corp
OOAG – OMDA Oil and Gas Inc EGHT – 8X8 Inc
JSDA – Jones Soda Co HIT – HITACHI LTD
TLAN – Talent Alliance Inc AVGCF – Avion Resources Corp
OII – OCEANEERING INTL INC SGTPY – Surgutneftegaz Pref
BCON – Beacon Power Corp AMLM – American Lithium M
ZIOP – EASYWEB INC HEPI – HEALTH ENHANCEMENT
CXMSF – Cemex Sa Da Cv Cpo UNGS – Adventure Energy Inc
CIE – Cobalt International FEWP – Celestial Delights
EEB – Claymore BNY BRIC PAYI – Pay88 Inc
DGIT – DG FastChannel JAVO – Javo Beverage Co Inc
FSII – FSI International UVE – Universal Insurance
FWTC – Freshwater Technolo APNT – Nano Proprietary Inc
ESPH – Ecosphere Technolog IMYN – Immunosyn Corp
EHMI – SEARCHHELP INC NAUH – Camden Learning Corp
PNRC – Premier Nursing Pro APLL – Apolo Gold Inc
AEGY – Alternative Energy BCUFF – Bell Copper Corp
JAS – JO-ANN STORES INC CHAG – Chancellor Group Inc
TTEC – TeleTech Holdings CJBK – Monmouth Community
GTXI – GTX INC GEECF – Life Energy Technol
BFR – BANCO FRANCES DEL R CTCC – City Capital Corp
DTSL – Delivery Technology WTKN – WellTek Inc
HNP – HUANENG POWER INTL INC AMCRY – Amcor Limited
TLPH – Teliphone Corp VDC – VANGUARD CONSUM STA
EDMC – Education Management CRMY – Carmel Energy Inc
BYOC – Reel Estate Services CMM – China Mass Media

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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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