Coca-Cola Enterprises (CCE) – On the daily chart there is a bearish flag in progress, which could become active on a break below $25.80. We can also see that RSI is below 50 and on a downward track, and so too is Stochastic. Fresh exposures may be avoided for the moment.
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The stock broke out to new 52-week highs on Thursday, as the stock closed up $.53 on the day. Questcor Pharmaceuticals (QCOR) broke out on heavy volume, which tells me that there is a lot of buying. I’ll watch the stock again on Wednesday for the follow through move. Resistance is $10.39, which reflects Tuesday’s high of the day. Keep watching QCOR for another upside move.
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Electronic Arts (ERTS) should find support around the $15.85 area. I’ll be watching how it acts around this mid-term support area. The short-term technical indicators also give a bearish view for ERTS. All short-term indicators are in downward path.
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Stocks that have a Bearish Engulfing pattern at the end of their daily chart
| TSO – Tesoro Corp | TLCR – Talecris Biotherapeutics |
| KGC – KINROSS GOLD CORP | GGN – Gabelli Global Gold |
| FDO – FAMILY DOLLAR STORE | KALU – Kaiser Aluminum Corp |
| NFX – NEWFIELD EXPLORATION | WHX – Whiting USA Trust I |
| GRMN – Garmin Ltd | XTEX – Crosstex Energy LP |
| EDMC – Education Management | SJT – San Juan Basin Royalty |
| RNOW – RIGHTNOW TECHNOLOGIES |
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Stocks that have a Bullish Engulfing pattern at the end of their daily chart
| MSFT – Microsoft Corporation | HRL – HORMEL FOODS CORP |
| JNJ – JOHNSON & JOHNSON | HWD – Aber Diamond Corpor |
| HSY – Hershey Corp | HMIN – Home Inns & Hotels |
| GIS – GENERAL MILLS INCORPORATION | VOLC – VOLCANO CORPORATION |
| BKC – BURGER KING HOLDING… | TGA – Transglobal Energy |
| EW – EDWARDS LIFESCIENCE | BGS – B&G Foods Inc |
| BCE – B C E INC | PPR – Pilgrim Prime Rate |
| SIG – Signet Jewelers | MLNX – MELLANOX TECHNOLOGIE |
| PEI – PENNSYLVANIA R E I T | KAR – KAR Auction Service |
| GIL – GILDAN ACTIVEWEAR INC | VTA – Van Kampen Dynamic |
| LCAPA – LIBERTY MED CP A |
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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.
