Stocks in Play for June 4 (LVS, ROYL, YGE)

Las Vegas Sands (LVS) has broken out 2 months ago but due to poor market conditions it started declining, shying away from rising and going back inside its breakout point. The stock had a big run on Thursday and is right up at the top of its major resistance level. If the stock can take out the $26.57 high set in April, we should see a nice up move. The technical daily chart shows the stock is still in the bull market as the stock is trading above both 50 day and 200 day moving average and MACD signal line still above 0.

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Yingli Green Energy (YGE) yesterday surged 3.5% or 32 cents to $9.29 despite having no news. The technical daily chart shows the stock has gained strength again as MACD is now above the signal line and %K line has rose above %D line indicating the stock is back to bull market. I’m looking to buy the stock above Thursday’s high of $9.45 and I feel the stock has a lot of room to run.

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Royale Energy (ROYL) closed the day very strong, trading 2x normal daily volume and closing near highs. The stock broke out of a descending channel on good volume. I’ll watch the stock on Friday to see if it can break Thursday’s high of $2.31 and make a nice up move. ROYL has a lot of potential to be a big percentage mover, so watch it closely.

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Other stocks to watch:

Big and Small Cap Stocks With Unusual Volume

IKTO – Itokk UPMKY – UPM KYMMENE CORP
HERO – HERCULES OFFSHORE BMOD – BIOMODA INC
SNWL – SonicWALL, Inc. CYBX – Cyberonics, Inc.
MF – MF Global Hld Ltd BROE – BARON ENERGY INC 0
TLAN – Talent Alliance Inc BWEBF – BackWeb Technologies
HLXW – Black Sea Oil Inc TRXAQ – TRONOX INCORPORATED
XIDE – EXIDE TECHNOLOGIES WI BAMXY – Bayerische Motoren
PUK – PRUDENTIAL PLC AZGS – Aztec Oil & Gas
CWTR – Coldwater Creek, Inc TITXF – Titan Medical Inc
FCEL – FuelCell Energy, Inc. MEDG – MediaNet Group Tech
GLDD – Great Lakes Dredge ARGC – Artepharm Global Corp
AVD – Amer Vanguard Cp GAIA – Gaiam, Inc.

……….

MACD Crossed above 0

SBUX – Starbucks Corporation USU – USEC INC
UAUA – UAL CORP ROVI – Macrovision Corporation
ADI – ANALOG DEVICES INC CXO – Concho Resources Inc
CAL – CONTINENTAL AIRLINES ESRX – Express Scripts, Inc.
NRG – NRG Energy Inc DKS – DICKS SPORTING
DLR – DIGITAL REALTY TRUS PAY – Verifone Systems
UPL – ULTRA PETROLEUM CP DVA – DaVita Inc
COH – Coach Inc INFA – Informatica Corp
ARM – ARVINMERITOR INC KSU – Kansas City Southern
EOG – EOG Resourses CPRT – Copart, Inc.
ARMH – ARM Holdings, plc ACUZ – Accuride Corp

……….

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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