Stocks in Play for July 13 (MOT, OCNFD, SOMX)

Somaxon Pharmaceuticals (SOMX) looks to have found a bottom and is trying to make a move on the upside. Shares of Somaxon Pharmaceuticals soared 10% or 0.29 cents to $3.21 per share on optimism over its recently approved insomnia drug, Silenor. Despite the weak signal from MACD as the technical indicator and signal line are below 0, the investors buy on bounce back rally as %K line has rose above %D line. Nevertheless, the medium-term trend is still weak as the stock has been trading below 50-dma and 200-dma with 50-day moving average going downward showing bearish signal. From a technical perspective, at this stage it’s better to stay at the sideline and see how the stock react for the next few days as the stock has approached the pressure line of 13-day moving average.

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I’m keeping Motorola (MOT) on my list and I expect to see a move in the stock any day now. Tech stocks had a very nice move today and we could see continuation on Tuesday. Motorola is setting up to break its 200-day moving average at $7.50. The volume has been picking up, so the move should be imminent.

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OceanFreight (OCNFD) has recently hit a 52-week low and I think this is where we could expect it to take a turn and move higher. The selling frenzy has given way to light buying volume. The technical indicator MACD, while still bearish, has slowed its downside momentum which could be a prelude to a reversal in trend. In addition, the stochastics are deeply oversold which could add some strength to any gains. I’m looking to buy the stock above $0.80. If the stock picks up some volume, we could see a nice move back up to the $.85-$.90 range. Make sure to keep this stock on your radar this week.

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

HAL – Halliburton TEF – Telefonica S.A.
BHI – Baker Hughes Incorporated UYMG – Unity Management Group
TSL – Trina Solar Limited KNX – Knight Transportation
PPL – PPL Corporation WERN – Werner Enterprises
ADCT – ADC Telecommunications SMTB – Smithtown Bancorp
UBS – UBS AG CNL – Cleco Corporation
BIIB – Biogen Idec PCYC – Pharmacyclics
UN – Unilever N.V. NST – NSTAR
ING – ING Groep N.V. WNI – Schiff Nutrition International
GRNO – Green Oasis Environmental TNK – Teekay Tankers Ltd.
DLR – Digital Realty Trust


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

LVS – Las Vegas Sands WNR – Western Refining
SNDK – SanDisk Corporation SINA – SINA Corporation
SKX – Skechers USA TTGT – TechTarget Inc
FST – Forest Oil Corporation TDC – Teradata Corporation
ACTC – Advanced Cell Technology CML – Compellent Technologies
ROST – Ross Stores, Inc. ALK – Alaska Air Group
PWR – Quanta Services RNN – Rexahn Pharmaceuticals
ALXN – Alexion Pharmaceuticals TRAK – DealerTrack Holdings
VCLK – ValueClick, Inc. NP – Neenah Paper
AU – AngloGold Ashanti Limited


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.

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1 Comment on Stocks in Play for July 13 (MOT, OCNFD, SOMX)

  1. RE SOMX I don't agree
    Silenor now has its own website. This is a big hint.
    the drug is unique and different from its competitors. watch the video

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