Stocks in Play for July 6 (DRYS, ERTS, SOL)

The stock has a very interesting technical chart as the stock looks to be ready for a good upside move. ReneSola (SOL) closed up $.36 on Friday as it hit a high of $6.93 on the day. This high broke above Thursday’s high, which is another signal for an upside move. I’m a buyer of SOL again once it breaks Friday’s high and expect to see heavy volume drive the stock higher. From a technical standpoint, the daily chart shows the stock is in bull market with 50-day moving average on top over 200-day moving average. In addition, MACD and KD still show bullish sign as MACD is still above 0 and %K line is still above %D line. Keep the stock on your radar for next week.

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The stock bounced on Friday as the market rallied off lows. Electronic Arts (ERTS) closed positive on the day as it looks to be ready for a reversal move. I’m a buyer of ERTS once it breaks through Friday’s high of $14.73.

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DryShips (DRYS) closed flat on Friday as the stock bounced off lows. The stock could be setting up for a relief bounce and I will be there if this occurs. Resistance for this move is $3.47, which reflects Friday’s high. DryShips is trading at 4x forward earnings, which means it’s cheap. Keep DRYS on your radar for next week.

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New 52-week High stocks

DLTR – Dollar Tree CPNO – Copano Energy
IDT – IDT Corporation PTY – PIMCO Corporate Opportunity Fund
BJ – BJ’s Wholesale Club RGNC – Regency Energy Partners
MIL – Millipore Corporation CIB – Bancolombia S.A.
VGR – Vector Group Ltd. HSFT – HISOFT TECHNOLOGY INTL LTD

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

FLIR – FLIR Systems VPRT – VistaPrint NV
WNDT – WINDTAMER CORP SVNT – Savient Pharmaceuticals
BDORY – BANCO DO BRASIL SA ZAGG – Zagg Inc

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

UNH – UnitedHealth Group JBLU – JetBlue Airways
CHK – Chesapeake Energy CNQ – Canadian Natural Resource
NSM – National Semiconductor CI – CIGNA Corporation
AMGN – Amgen EOG – EOG Resources
DVN – Devon Energy WYNN – Wynn Resorts
UNP – Union Pacific SQNM – Sequenom
BTU – Peabody Energy EIX – Edison International
RRI – RRI Energy ICE – IntercontinentalExchange
KGC – Kinross Gold KOG – Kodiak Oil & Gas
D – Dominion Resources NVE – NV Energy
OXY – Occidental Petroleum GMXR – GMX Resources

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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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