Stocks in Play for June 23 (DNDN, PLUG, SOLR, SWKS)

Skyworks Solutions (SWKS) had a good run since the middle of May. It broke the resistance on 18 June and reached a high of 18.34 in yesterday’s trading session. The stock is now pulling back on low volume to digest its gains and test support from its 10-day moving average at $16.87. Stochastic has made a bearish crossover and RSI is coming down from overbought levels. The MACD indicator is still above its signal line, indicating that the Bulls are still in control. If the stock is able to bounce off from $16.87 which is the 10-day moving average, there is a chance for the stock to test its recent high of $18.34.

(click to enlarge)

Plug Power (PLUG) closed up on high volume a sign that investors are buying into the stock. The technical chart is also showing bullish signs. The MACD indicator made a bullish crossover recently and RSI has more room to rise before it reaches overbought territory. +DI is also above –DI, it indicates a continuation of the up trend. Resistance is now at 0.684 followed by 0.75 (March 26 High).

(click to enlarge)

The medium-term outlook for GT Solar International (SOLR) is bullish and a close above $6.19 will confirm this view. On the contrary, a close below $5.67 will have bearish implications and would push the stock to the 5.57-5.50 range. The MACD indicator is still above its signal line, indicating that the Bulls are still in control.

(click to enlarge)

Dendreon (DNDN) – The technical chart is looking weak with MACD below its signal line and –DI above the +DI together with an increasing ADX value. The support level for DNDN is near the $33 level which is where the 200-day moving average is located.

(click to enlarge)

List of stocks whose MA 13 crossed above the MA 50 ( Bullish Cross )

RPC – AMDL Inc ACC – AMER CAMPUS COMMUNICATION
BDCO – Blue Dolphin Energy GBG – Great Basin Gold Ltd
KNX – Knight Transportation ENB – ENBRIDGE INC
NTMG – NT Mining Corp PCH – POTLATCH CORP
BNE – BOWNE AND COMPANY INC CEO – CNOOC Ltd

……….

List of stocks whose MA 13 crossed below the MA 50 ( Bearish Cross )

CIM – Chimera Investment CAVM – Cavium Networks Inc
XCO – EXCO RESOURCES INC KRY – Crystallex International
BEXP – Brigham Exploration Co DTG – DOLLAR THRIFTY AUTO
GRS – GAMMON GOLD MNRO – Monro Muffler Brake
OC – Owens Corning Inc REGN – Regeneron Pharmaceutical
ACUZ – Accuride Corp DGIT – DG FastChannel
MCLN – General Devices Inc

……….

List of stocks whose volume has spiked 250% or more above its average daily volume

BVF – BIOVAIL CORPORATION ORIT – Oritani Financial Corp
ULU – ULURU Inc FRBK – Rep First Bancp
ETRM – EnteroMedics Inc BDCO – Blue Dolphin Energy
AFFY – Affymax Inc UUGRY – UNITED UTILITIES P L C
CYPB – Cypress Bioscience TARRQ – Tarragon
MRVC – Mrv Comm Inc JLI – Empire Financial Ho
URRE – URANIUM RESOURCES INC SKRRF – Scottish Re Group Ltd
ACGJ – Demegen Inc

……….

New 52-week High stocks

BVF – BIOVAIL CORPORATION RBCN – Rubicon Technology Inc
SLE – SARA LEE CORP MIG – MEADOWBROOK INS GRO
SNWL – SonicWALL, Inc. ISLN – Isilon Systems Inc
VRX – I C N PHARMACEUTICAL GSIC – GSI Commerce, Inc.
ARBA – Ariba, Inc. CIB – BANCOLOMBIA S A
MTB – M & T BANK CORP CYBX – Cyberonics, Inc.
BRFS – Brf-Brasil Foods EDU – New Oriental Education
SRCL – Stericycle, Inc. SMTS – Somanetics Corporation
BLL – BALL CORP CLB – CORE LABORATORIES N V
ABV – Companhia de Bebida VRAD – Virtual Radiologic

……….

New 52-week Low stocks

NOK – NOKIA CORP GXDX – Genoptix Inc
SCHW – Charles Schwab Corp ABFS – Arkansas Best Corporation
APOL – Apollo Group, Inc. NGG – National Grid Trans
COCO – Corinthian Colleges SYKE – Sykes Enterprises
GRS – GAMMON GOLD UTA – Universal Travel
MYGN – Myriad Genetics, Inc. ATK – ALLIANT TECHSYSTEMS
BKS – BARNES & NOBLE INC TNDM – Neutral Tandem Inc
MDVN – Orion Acquisition C CADX – Cadence Pharmaceutical

……….

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

Be the first to comment

Leave a Reply

Your email address will not be published.


*