Trade Ideas for Tomorrow: BAC, CAT, CTIC, PFE

Bank of America Corporation (NYSE:BAC) is trapped between the 50 day moving average and the 200 day moving average. I feel a big move one way or the other is coming. A close above the 50 day moving average at $14.31 would be bullish, a close below 200 day moving average at $13.52 would be bearish. Right now I’m watching from the sidelines.

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Pfizer Inc. (NYSE:PFE) – Broke out and now pulling back to retest. The selling pressure wasn’t much and the volume was light, which means the profit taking didn’t seem to have much conviction. The stock needs to stay above key level $19.91 to keep the bullish scenario intact.

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Caterpillar Inc. (NYSE:CAT) – Breaking out of 5 week consolidation. Note the sharp bounces off 50-day moving average. Today’s high of $107.68 is resistance for the next upside move. The technical daily chart shows the stock is still in bull market as both 50 day and 200 day moving average are going up with MACD still above 0.

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Cell Therapeutics, Inc. (NASDAQ:CTIC) is trying to consolidate in the $.40-$.45 range. Let it develops before jumping in. Look for tighter price range and contracting volume.

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Other stocks to watch:

New 52-week High stocks
PFE – PFIZER INC.
CNP – CenterPoint Energy Inc
PCS – MetroPcs Communication
CVX – Chevron
CAT – Caterpillar Inc
DFS – Discover Financial
LO – Lorillard Inc
DVN – Devon Energy Cp
CSX – C S X CORP
HCP – HCP Inc
ING – Ing Groep NV ADR
HOLX – Hologic, Inc
SM – Sm Energy Co
RES – R P C INC
MCO – Moody’s Corp
PVX – Provident Energy
KBR – KBR Inc
NSC – NORFOLK SOUTHERN CORP
WFMI – Whole Foods Market
GPOR – Gulfport Energy Corp
PKD – PARKER DRILLING CO
HSY – Hershey Corp
COG – CABOT OIL & GAS CORP
PGH – Pengrowth Energy
PDS – Precision Drilling
MFN – Minefinders Corporation
NBL – NOBLE AFFILIATES INC
CTCT – Constant Contact Inc
VPHM – ViroPharma Incorporation
NAV – NAVISTAR INTL CORP
ADS – Alliance Data Systems
CBR – CIBER INC
CMO – CAPSTEAD MORTGAGE CORP
SJM – Smucker JM Co
LUK – LEUCADIA NATIONAL CORP
ROC – ROCKWOOD HOLDINGS INC
PLL – PALL CORP
MAKO – MAKO SURGICAL CORP
TDC – Teradata Corp
JAZZ – Jazz Pharmaceutical
OII – OCEANEERING INTL INC
OKE – ONEOK INC

Earnings Announcements for Tuesday
Adobe Systems Inc – ADBE
BOS Better On Line Solutions Ltd – BOSC
Bridgford Foods Corp – BRID
Capstone Therapeutics Corp – CAPS
Carnival Corp – CCL
China Gerui Advanced Materials Group Ltd – CHOP
Cintas Corp – CTAS
Commercial Metals Co – CMC
Discover Financial Services – DFS
Discovery Laboratories Inc – DSCO
Dollar General Corp – DG
DryShips Inc – DRYS
Duoyuan Global Water Inc – DGW
Endeavour Silver Corp – EXK
Express Inc – EXPR
First Financial Service Corp – FFKY
FSI International Inc – FSII
G Iii Apparel Group Ltd – GIII
Impac Mortgage Holdings Inc – IMH
Intelligent Systems Corp – INS
Interoil Corp – IOC
Jabil Circuit Incorporated – JBL
Jacksonville Bancorp Inc – JAXB
Jefferies Group Inc – JEF
MER Telemanagement Solutions Ltd – MTSL
MFRI Inc – MFRI
Neogen Corporation – NEOG
Oceanfreight Inc – OCNF
Plug Power Inc – PLUG
Reeds Inc – REED
Rosetta Genomics Ltd – ROSG
Schiff Nutrition International Inc – WNI
Sonic Corp – SONC
Tat Technologies Ltd – TATT
The Coast Distribution System Inc – CRV
Threshold Pharmaceuticals Inc – THLD
TII Network Technologies Inc – TIII
Tri Valley Corp – TIV
Uluru Incorporated – ULU
United Bancshares Inc – UBOH
Ur Energy Inc – URG
Vimpelcom Ltd – VIP

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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