Stocks in Play for June 8 (CSCO, DRYS, FRPT, WYNN)

Looking at the technical chart, Cisco Systems (CSCO) has a strong support at 22.48 level closing below this level could further move down the stock to 21 levels. On the higher side, the stock could face a strong resistance at 24 levels closing above this could further move the stock to 25 & 26 levels very soon.

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DryShips (DRYS) – There is a bullish divergence in MACD and this tells us that there is a possible rally coming up. The near-term outlook remains bearish, however a close above $4.55 would impart bullishness and would help the stock move to the 4.76-5.09 band.

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The short-term outlook for Wynn Resorts (WYNN) remains bearish and a drop to the $73.10-74.7 range appears likely. The weak outlook would be negated on a close above $84.70. A close above this level would warrant liquidation of short positions.

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I’m keeping Force Protection (FRPT) on my list for another week. The stock closed positive, even with the market selling off hard. Monday’s high is $4.22 and I’m looking to buy the stock a few cents above that number. The technical indicator OBV still positive despite monthly drop, which means accumulation.

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Earnings Announcements for Tuesday

Agria Corporation – GRO NCI Building Systems – NCS
Bob Evans Farms – BOBE Oil-Dri Corporation of America – ODC
Breeze-Eastern Corporation – BZC Oxford Industries – OXM
C&D Technologies – CHP Pall Corp. – PLL
Cantel Medical – CMN Pep Boys – PBY
COMMUNITYSOUTH FINANCIAL – CBSO.OB ROYAL STD MINERALS – RYSMF.OB
CorVel – CRVL Stanley, Inc. – SXE
CPI Corporation – CPY Take-Two Interactive Software – TTWO
Dollar General Corp. – DG Talbots – TLB
Mitcham Industries – MIND Texas Instruments – TXN
Mobile Telesystems – MBT WorldGate Communications – WGAT.OB
ModusLink Global Solutions – MLNK

……….

Bollinger Band Contraction

MU – Micron Technology BBND – BigBand Networks Inc
MOT – MOTOROLA INC FTEK – Fuel Tech
HLXW – Black Sea Oil Inc VSMR – Verify Smart Corp
MYGN – Myriad Genetics, Inc. SXE – Stanley Associates Inc
MBRKQ – ADVANCIS PHARM SENO – SenoRx Inc
TRMA – TRICO MARINE SVC TONE – TierOne Corp
DRWI – Dragonwave Inc IUSA – Infogroup Inc
VTIV – Inventive Health EFJI – Ef Johnson Tech
ITG – INVESTMENT TECHNOLO AMEH – Apollo Medical Hold
SLPO – ZINGO INC

……….

Pattern is double-bottom

GNA – GERDAU AMERISTEEL CP HCN – Health Care REIT Inc
SWN – SOUTHWESTERN ENERGY CO TMX – TELEFONOS DE MEXICO
ECA – EnCana Corp MDCO – Medicines Company
CBST – Cubist Pharmaceutical SUNH – Sun Healthcare Group
RAX – Rackspace Hosting Inc CLD – Cloud Peak Energy Inc

……….

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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