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 GOLDMIL – MILLIPORE CORP
GG – GOLDCORP INCACH – ALUMINUM CORP
GFI – GOLD FIELDS LTDCEL – Cellcom Isreal Ltd
TROW – T. Rowe Price AssocCACI – CACI INTL INC
AU – Anglogold Ashanti L

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MACD Crossed above 0

COH – Coach IncCHL – China Mobile ltd
NBR – Nabors Industries IncTNE – Tele Norte Leste Pa
CHU – CHINA UNICOM LTDCLX – CLOROX CO
NVLS – Novellus Systems, Inc.TAP – ADOLPH COORS CO
PTEN – Patterson-UTI EnergDRC – DRESSER-RAND GROUP
TJX – TJX COMPANIES INCMENT – Mentor Graphics Cor
SYY – SYSCO CORPQCC – Quest Capital
NRG – NRG Energy IncCLRT – ChromaVision Medica
K – KELLOGG CORES – R P C INC
YUM – TRICON GLOBAL REST INCMKC – MCCORMICK & CO INC
INTU – Intuit Inc.SUWN – SUNWIN INTL NEUTRAC
EOG – EOG ResoursesUUGRY – UNITED UTILITIES P L C
RRC – Range Resources CorpUNT – UNIT CORP
CROX – CROCS INCROSE – ROSETTA RESOURCES
XCO – EXCO RESOURCES INCCNU – Continucare Corp
SONS – Sonus Networks, Inc.ACV – ALBERTO CULVER CO
PWR – QUANTA SVCS INCTTC – TORO CO
CVE – Cenovus Energy IncTHRX – THERAVANCE INC
CRK – COMSTOCK RESOURCES INCBF.B – Brown-Foreman Class B
PDS – Precision DrillingSBS – 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 CorporationBBG – Bill Barrett Corp
UAUA – UAL CORPIACI – IAC InterActiveCorp
LDIS – LEADIS TECHNOLOGY INCCYBX – Cyberonics, Inc.
CAL – CONTINENTAL AIRLINESABV – Companhia de Bebida
UPL – ULTRA PETROLEUM CPPAR – 3PAR Inc
WRB – WR Berkley CorpTTC – TORO CO
NHP – NATIONWIDE HLTH PROWCN – Waste Connections Inc
CLR – Continental ResourcesENZN – Enzon, Inc.
GSIC – GSI Commerce, Inc.HMSY – Health Management S
AVGO – Avago TechnologiesPBEC – Pacific Blue Energy

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

KERX – Keryx BiopharmaSUI – SUN COMMUNITIES INC
TIBX – TIBCO Software, Inc.WSBC – WesBanco, Inc.
CAVM – Cavium Networks IncCFI – CULP INC
SWHC – Smith & WessonNBB – Nuveen Build Americ
ANTS – Ants Software IncSGU – STAR GAS PARTNERS L P
CBEY – Cbeyond IncBLLN – Advanced Technology
IFLG – InfoLogix IncERI – Emrise CXDC – NB Telecom
FSR – Flgstn Reins HldSTMP – Stamps.com Inc.
ECPG – Encore Capital GroupSLTZ – American United Glo
CTS – C T S CORPAMWD – 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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