Stocks in Play for Nov 9: AONE, ERTS, FCEL, THQI

THQ Inc. (THQI) had a nice surge a few weeks ago and has been consolidating that move since then. The stock continues to look like a possible breakout on the daily chart, which is why I’m still following the stock. THQI attempted to push higher today, but still unable to make a clear break above $4.22 so far. The bias is neutral in nearest term. A break above $4.22 could trigger further upside recovery testing 4.39. Volume is starting to pick up and there could be a decent short squeeze if it clears the October high. Looking at the technical chart, momentum oscillators like the MACD and RSI are in their positive zone and moving up while continuing with their buy signals. The Directional Indicators are also in Buy mode as the +DI is above the –DI and ADX has increased to 22 from 20, which is positive for the stock indicating the trend is gaining in strength. Also the Stochastic Oscillator is now giving a Buy signal as %K moves over %D. The Money Flow Index indicator is moving higher and is at 63 which shows that money is flowing into the stock. THQI is a good example where bulls may be about to overrun bears. I am bullish on this stock in the short / medium term. In addition, I’m also considering the fact that insiders have been buying thousands of shares.

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Electronic Arts Inc. (ERTS) – This is a solid stock and it has no debt and like $1.66 billion in cash. The stock looks pretty good on the daily chart closing positively in a weak market today, and holding above it’s 20 and 50 day moving averages. Recently, the MACD has made a positive crossover and the histograms are moving up into positive territory as well. The 200-day moving average at $ 16.80 is now the next resistance so closing above it would be considered bullish for this stock.

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A123 Systems, Inc. (AONE) looks like it going to move big. Very nice setup $11.14 the next resistance.

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FuelCell Energy, Inc. (FCEL) – The stock today surged 22% or 19 cents to $1.56 per share at seven times average volumn of 1.08 million shares. After today’s action the stock looks pretty good on the daily chart. FCEL broke out across some key levels and set a new high for the year.

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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.

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