Stocks in Play for July 1 (DNDN, RIMM, UNF)

Research In Motion (RIMM) – the stock attempted to push higher on today’s trading session, slipped above $50, topped at $50.88 but this was just a false breakout as the stock retreat lower and closed at $49.26. Generally a false breakout lead to significant downside momentum. A Break below $49.13 could signal further downward momentum targeting $45 area.

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Dendreon (DNDN) – the stock continued its bearish momentum today, bottomed at 32.10 but closed a little bit higher at 32.33. The main scenario remains to the downside targeting $30.90 support area. Immediate resistance at 35.95/36 region and the minor trendline resistance at $36.90. A Break above that area could lead us into neutral zone in nearest term but as long as price move inside the major bearish channel the bearish scenario remains intact.

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Shares of UniFirst Corporation (UNF) soar today on good earning news. The stock price has crossed the 20-day moving average to the upside, a buy signal and an indication that the stock price may have finally reached its bottom in mid-June. Next resistance level is $45.30 ( 50 dma ). Support level is $43.15. I will keep on eye on this stock.

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New 52-week High stocks

EW – Edwards Lifesciences TICC – TICC Capital Corp.
IDT – IDT Corporation MNRO – Monro Muffler Brake
MIL – Millipore Corporation DXCM – DexCom
CPNO – Copano Energy PTY – PIMCO Corporate Opportunity Fund
LOOP – LoopNet


New 52-week Low stocks

YHOO – Yahoo! LAZ – Lazard Ltd
ADBE – Adobe Systems Incorporated CCJ – Cameco Corporation
MON – Monsanto Company FUQI – Fuqi International
RIMM – Research In Motion FTE – France Telecom SA
SCHW – The Charles Schwab Corporation TDW – Tidewater
WAG – Walgreen ORIT – Oritani Financial
BK – The Bank of New York Mellon WDR – Waddell & Reed Financial
SPLS – Staples, Inc. PAG – Penske Automotive Group
GT – The Goodyear Tire & Rubber RBA – Ritchie Bros. Auctioneers
SVU – SUPERVALU INC HSC – Harsco Corporation
STT – State Street Corporation WG – Willbros Group
COCO – Corinthian Colleges IPI – Intrepid Potash
APOL – Apollo Group NGG – National Grid plc
IDTI – Integrated Device Technology CEDC – Central European Distribution
MYGN – Myriad Genetics SONC – Sonic Corporation
IM – Ingram Micro UTA – Universal Travel Group
MFE – McAfee DNB – The Dun & Bradstreet
GRS – Gammon Gold BCO – The Brink’s Company
AFFY – Affymax


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

CAT – Caterpillar WSO – Watsco, Incorporated
LLTC – Linear Technology SIGA – SIGA Technologies
SSN – Samson Oil & Gas BMOD – Biomoda
YGE – Yingli Green Energy Hold. Co. APSG – Applied Signal Technology
NYT – The New York Times LLNW – Limelight Networks
CTCM – CTC Media GIM – Templeton Global Income Fund
VAR – Varian Medical Systems CRN – Cornell Companies
HEV – Ener1 XTEX – Crosstex Energy
APCVZ – Fresenius Kabi Pharma. WAVX – Wave Systems
SIMG – Silicon Image ROIC – Retail Opportunity Investments
SYT – Syngenta AG FTEK – Fuel Tech


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 324 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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