Stock Picks for Jan. 4: AAPL, AONE, CIEN, LVLT

Happy New Year Investors ! It’s time to kick-start 2011 with new trade Ideas for the coming trading session.

Ciena Corporation ( NASDAQ:CIEN ) was a big winner today. The price of the stock closed up $0.66, a 3.14% increase. During the trading day, over 3.7 million shares of Ciena’s were traded. The stock seems to have broken out of a three-week trading range in the $21 area. I feel that there will be a continuation move tomorrow, but I want to see it break through a big psychological resistance at the $22 level. There are several short and mid term technical indications suggesting that CIEN could make a move to higher levels. Keep a close eye on CIEN for Tuesday.

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A123 Systems, Inc. (NASDAQ:AONE) – On daily chart the stock closed above its 200-DMA with increase in volume. Momentum Oscillators are positive.

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Level 3 Communications, Inc. (NASDAQ:LVLT) – On daily chart the stock closed with a bullish candle above its 50-DMA and increased volume after consolidating in last few sessions. Momentum Oscillators are positive.

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Apple Inc. ( NASDAQ:AAPL ) hit a new 52-week high today, trading as high as $330.26, before settling at a close of $329.57. I’ll be watching the stock on Tuesday, looking for a follow through move. Resistance reflects today’s high of $330.26. Keep an eye on AAPL because there is good upside in this stock.

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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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