Stocks in Play for June 11 (JNPR, ROYL, FRPT, YGE)

Juniper Networks (JNPR) did not make a big move today, but the chart still looks promising. On the dailly chart, RSI has climbed above 30, and the MACD histogram is threatening to cross above zero, indicating more strength to come in the stock. JNPR needs to take out $24.80, to get the ball rolling. I am buying the stock above this number and expect to see a follow through move. If buyers come into the stock, we could see it hit $27.10 very soon.

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I am keeping Royale Energy (ROYL) on the list for one more week, because it is due for a big breakout move. The short-term technical indicators are improving significantly. The RSI indicator is now rising above the 50 line, MFI is increasing, and Directional Movement +D1/-D1 has given a buy signal.

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Force Protection (FRPT) faces significant resistance at $4.29, which it will have to overcome before attempting to surmount its 50-day moving average, currently at $5.07. RSI and MACD are both rising.

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Yingli Green Energy Hold. Co. (YGE) finally broke through its resistance level of $9.50 today, and looks ready to go higher. The stock was strong all day as it closed up $1 on 2x normal daily volume. The technical daily chart shows the stock is probably back to bullish run as the stock is now trading above 20-day moving average with MACD above 0 and %K line rising on top of %D line. On the upside, the next resistance lies at $10.30 and above at $10.86.

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Other stocks to watch:

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

GDX – MKT VECT GOLD MIL – MILLIPORE CORP
GG – GOLDCORP INC ACH – ALUMINUM CORP
GFI – GOLD FIELDS LTD CEL – Cellcom Isreal Ltd
TROW – T. Rowe Price Assoc CACI – CACI INTL INC
AU – Anglogold Ashanti L

……….

MACD Crossed above 0

COH – Coach Inc CHL – China Mobile ltd
NBR – Nabors Industries Inc TNE – Tele Norte Leste Pa
CHU – CHINA UNICOM LTD CLX – CLOROX CO
NVLS – Novellus Systems, Inc. TAP – ADOLPH COORS CO
PTEN – Patterson-UTI Energ DRC – DRESSER-RAND GROUP
TJX – TJX COMPANIES INC MENT – Mentor Graphics Cor
SYY – SYSCO CORP QCC – Quest Capital
NRG – NRG Energy Inc CLRT – ChromaVision Medica
K – KELLOGG CO RES – R P C INC
YUM – TRICON GLOBAL REST INC MKC – MCCORMICK & CO INC
INTU – Intuit Inc. SUWN – SUNWIN INTL NEUTRAC
EOG – EOG Resourses UUGRY – UNITED UTILITIES P L C
RRC – Range Resources Corp UNT – UNIT CORP
CROX – CROCS INC ROSE – ROSETTA RESOURCES
XCO – EXCO RESOURCES INC CNU – Continucare Corp
SONS – Sonus Networks, Inc. ACV – ALBERTO CULVER CO
PWR – QUANTA SVCS INC TTC – TORO CO
CVE – Cenovus Energy Inc THRX – THERAVANCE INC
CRK – COMSTOCK RESOURCES INC BF.B – Brown-Foreman Class B
PDS – Precision Drilling SBS – Co Saneamento ADS
SEED – ORIGIN AGRITECH LIM

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List of stocks where MA 13 crossed above the MA 50 ( Bullish Cross ) on Thursday

SBUX – Starbucks Corporation BBG – Bill Barrett Corp
UAUA – UAL CORP IACI – IAC InterActiveCorp
LDIS – LEADIS TECHNOLOGY INC CYBX – Cyberonics, Inc.
CAL – CONTINENTAL AIRLINES ABV – Companhia de Bebida
UPL – ULTRA PETROLEUM CP PAR – 3PAR Inc
WRB – WR Berkley Corp TTC – TORO CO
NHP – NATIONWIDE HLTH PRO WCN – Waste Connections Inc
CLR – Continental Resources ENZN – Enzon, Inc.
GSIC – GSI Commerce, Inc. HMSY – Health Management S
AVGO – Avago Technologies PBEC – Pacific Blue Energy

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List of stocks where MA 13 crossed below the MA 50 ( Bearish Cross ) on Thursday

KERX – Keryx Biopharma SUI – SUN COMMUNITIES INC
TIBX – TIBCO Software, Inc. WSBC – WesBanco, Inc.
CAVM – Cavium Networks Inc CFI – CULP INC
SWHC – Smith & Wesson NBB – Nuveen Build Americ
ANTS – Ants Software Inc SGU – STAR GAS PARTNERS L P
CBEY – Cbeyond Inc BLLN – Advanced Technology
IFLG – InfoLogix Inc ERI – Emrise CXDC – NB Telecom
FSR – Flgstn Reins Hld STMP – Stamps.com Inc.
ECPG – Encore Capital Group SLTZ – American United Glo
CTS – C T S CORP AMWD – American Woodmark C
RCRC – RC2 Corporation

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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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