Stocks in Play for June 25 (DELL, FRPT, LVS, ROYL, YGE, ZION)

Las Vegas Sands (LVS) opened strong but closed weak with above average volume. Selling pressure is picking up and a move below $25 would be bearish.

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Zions Bancorporation (ZION) has broken its bullish trend and technical indicators are turning lower again suggesting another leg down.

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Dell Inc. (DELL) failed to close above the resistance level of 14. This resulted in a sharp drop today. The recent price patterns suggest that the downward move on Friday could continue. A decline to the 12.36-12.78 range appears likely. A close below $12.36 would impart further weakness and would push the stock to the $11.6-$12 range.

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Royale Energy (ROYL) – Looking at the technical chart, we can see a Doji at the bottom after a steep downtrend. The next two days will confirm if a new uptrend will take place.

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Force Protection (FRPT) failed to follow-through to the upside after yesterday’s rally. Major support is now located at $3.99 while resistance is located at $4.29.

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The decline in Yingli Green Energy Hold. Co. (YGE) over the last few days looks like a bull flag is in progress. This is a potentially bullish pattern that requires confirmation with an upside breakout.

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Other stocks to watch:

News

AVAV – AeroVironment reports Q4 EPS 71c vs. consensus of 59c
HRB – H&R Block reports Q4 EPS $2.10 vs. consensus of $2.04
ORCL – Oracle reports Q4 adjusted EPS 60c vs. consensus of 54c
RIMM – Research in Motion reports Q1 EPS $1.38 vs. consensus of $1.34
SNX – SYNNEX Corporation reports Q2 EPS 70c vs. consensus of 68c
TIBX – Tibco reports Q2 EPS 15c vs. consensus of 13c
ACN – Accenture reports Q3 EPS 73c vs. consensus of 69c

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

MI – MARSHALL & ILSLEY CORP NBIX – Neurocrine Bioscien
COCO – Corinthian Colleges FTNT – Fortinet Inc
SRE – SEMPRA ENERGY SAFM – Sanderson Farms, Inc.
WEC – WISCONSIN ENERGY CORP GEO – WACKENHUT CORRECTIONS
SJM – Smucker JM Co ICLR – ICON plc
HANS – Hansen Natural Corp HTLD – Heartland Express
BRKR – Bruker Corp BEC – BECKMAN COULTER INC
HTS – Hatteras Financial SLXP – Salix Pharmaceutical

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

NLY – Annaly Capital Mana SAP – Sap Ag
SWKS – SKYWORKS SOLUTNS BG – BUNGE LTD
GGB – GERDAU USA FTE – France Telecom ADS
TSO – Tesoro Corp CHU – CHINA UNICOM LTD
XLNX – Xilinx, Inc. AEZ – AMER OIL & GAS INC
CCE – COCA COLA ENTERPRIS SPWRB – SunPower Corp
TJX – TJX COMPANIES INC BUD – Anheuser-Busch Inbe
TLB – TALBOTS INC SFSF – SuccessFactors Inc
GNA – GERDAU AMERISTEEL CP OMN – OMNOVA SOLUTIONS INCQ
CRM – SALESFORCE.COM INC VPRT – Vistaprint Nv
UPL – ULTRA PETROLEUM CP SIGA – SIGA Technologies Inc.
JCG – J CREW GROUP INC ITRI – Itron, Inc.
AVGO – Avago Technologies

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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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