Stocks in Play for June 16 (FRPT, JASO, OCNF, RMBS, TER)

JA Solar Holdings (JASO) made a nice move today, but the volume could have been better. From a technical standpoint the stock, the stock crossed and closed above its 200 day MA on the daily chart for the first time since the beginning of the month. MACD has generated a buy signal and KD rising we should see stock now starting to go up again. I still like this stock and will continue to watch it for the next few days. The major resistance lies at $5.25 and if this level is breached than the next target would be $5.55 ( 50 day MA ).

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Teradyne (TER) has broken out from a major resistance line as it closed today at $11.77 per share. It had taken out its 50-day MA at 11.46 and we may possibly be seeing the price heading towards the 12.28 resistance this week. Over the last 52 weeks the stock has ranged from a low of $5.96 to a high of $13.37.

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Force Protection (FRPT) has been on a nice up move and looks like it wants to go higher. I like that the stock is consolidating and I expect to see a move soon. Resistance stays at $4.40, which is a big area that the stock needs to break. Watch FRPT again on Wednesday, and once it breaks resistance we should see a strong upside move.

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OceanFreight (OCNF) took off today and I will be watching the stock on Wednesday for a follow through move. Since OCNF is a cheaper stock, it has a habit of making very fast moves. The stock has resistance at $0.49, which was the high of Monday. I expect to see the stock test resistance within the next few days.

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The stock is trying to regain the ground that it lost last week but it’s a difficult task. From a technical perspective, the stock has the opportunity to start new rally as %K line is back above %D line. However since Rambus (RMBS) overall is still weak as the MACD is still below 0 and the stock is below the 50 day MA, wait on the sideline for now before making any investment decision.

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Unusual volume Detected

POPN – Pop N Go Inc CAAEF – Canacol Energy Ltd
PMAH – PlasmaTech Inc MBYL – Endeavor Exploration
DTRO – Deltron Inc BCDRF – Banco Santander SA
IFLG – InfoLogix Inc SKRRF – Scottish Re Group Ltd
NLST – NETLIST INC MNCN – Mach One
EGOH – Eagle Oil Holding C SRLMQ – STERLING MNG CO
ITIG – Intelligroup, Inc. ADG – Allied Defense Group
CMFO – China Marine Food G SWHN – Swissinso Holdng
SUWN – SUNWIN INTL NEUTRAC GEYI – Global Energy Inc
MMPIQ – Meruelo Maddux Prop VBRE – Benacquista Galleri
CCRT – Comp Cr Hldg Crp DGRDP – Digital Realty Trust
MTXX – Matrixx Initiatives SPHT – Secure Path Tech
ISIM – Insight Management

……….

Pattern is cup and handle

GDX – MKT VECT GOLD MNRS DDAIF – Daimler
AAI – AirTran Holdings, Inc PLCE – The Children’s Plac
CYBS – CyberSource Corporation EGY – Vaalco Energy Inc
CTRP – CTRIP.COM INTL LTD ADS RT – RUBY TUESDAY INC GA
LO – Lorillard Inc ALSK – Alaska Communications
AVGO – Avago Technologies ANSS – ANSYS, Inc.
ADCT – ADC Telecommunications ACGL – Arch Capital Group Ltd
NHP – NATIONWIDE HLTH PRO BLT – BLOUT INTERNATIONAL
MENT – Mentor Graphics Corporation AFFY – Affymax Inc
CPX – COMPLETE PRODUCTION

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

NWSA – News Corp TIBX – TIBCO Software, Inc.
GLW – CORNING INC LPL – LG Display Co
NWS – News Corp Ltd CCI – Crown Castle International
KFT – KRAFT FOODS INC MDZ – MDS Inc
POT – POTASH CORP SASKATC IMA – Inverness Medical T
EWA – WEBS Australia FRG – Fronter Gold Inc
AMZN – Amazon.com, Inc. JAG – JAGUAR MINING INC
GOOG – GOOGLE INC CL A THS – TREEHOUSE FOODS INC
CDNS – CADENCE DESIGN SYS INC HANS – Hansen Natural Corp
VSH – VISHAY INTERTECH INC TWI – TITAN INTL INC
KLIC – Kulicke and Soffa I

……….

New 52-week High stocks

LCC – US AIRWAYS GROUP INC OVTI – OmniVision Technolo
SNDK – SanDisk Corporation ARBA – Ariba, Inc.
EP – EL PASO CORP IT – GARTNER GROUP INC
UAUA – UAL CORP RBCN – Rubicon Technology
NTAP – NetApp Inc SKX – SKECHERS USA
SBUX – Starbucks Corporation VTR – Ventas Inc
CAL – CONTINENTAL AIRLINES MELI – MercadoLibre Inc
GIS – GENERAL MILLS INCORPORATION DLTR – Dollar Tree Inc
AKAM – Akamai Technologies HNT – Health Net Inc
CTRP – CTRIP.COM INTL LTD ADS CMG – CHIPOTLE MEXICAN GR
ARUN – Aruba Networks Inc BRFS – Brf-Brasil Foods
CROX – CROCS INC SRCL – Stericycle, Inc.
NVLS – Novellus Systems TK – Teekay Co
COH – Coach Inc AAP – ADVANCE AUTO PARTS INC
ESRX – Express Scripts NHP – NATIONWIDE HLTH PRO
VMW – VMWARE MIG – MEADOWBROOK INS GRO
ARMH – ARM Holdings, plc MIL – MILLIPORE CORP
ABC – AMERISOURCEBERGEN CORP RNR – RENAISSANCE RE HLDG
VQ – Venoco THS – TREEHOUSE FOODS INC
FST – FOREST OIL CORP

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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

1 Comment on Stocks in Play for June 16 (FRPT, JASO, OCNF, RMBS, TER)

  1. Spanish banks are borrowing record amounts from the European Central Bank as the country’s financial institutions struggle to gain funding from the international capital markets.

    Spanish banks borrowed €85.6 billion ($105.7 billion) from the ECB last month. This was double the amount lent to them before the collapse of Lehman Brothers in September 2008 and 16.5 percent of net eurozone loans offered by the central bank.

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