Trade Ideas: CISG, COOL, MELA, PACB

Majesco Entertainment Co. (NASDAQ:COOL) closed up on high volume a sign that investors are still buying the stock. The technical chart is also showing bullish signs. The MACD indicator made a bullish crossover recently and RSI has more room to rise before it reaches overbought territory. +DI is also above –DI, it indicates a continuation of the up trend. Resistance is now at 3.59 followed by 4.53 ( June 13 High).

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The medium-term outlook for MELA Sciences, Inc. (NASDAQ:MELA) is bullish and a close above $5.62 will confirm this view. On the contrary, a close below $4.59 will have bearish implications and would push the stock to the 4.37-4.02 range. The MACD indicator is still above its signal line, indicating that the Bulls are still in control.

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CNinsure Inc. (NASDAQ:CISG) has been under pressure recently but in the past month the stock reversal its trend. CISG closed in yesterday’s session at $8.05 with gains of 2.68%. Looking at the technical chart, the stock is currently in a short-term uptrend. It has resistance at $8.27 and then at $8.55. On the downside, it has strong support around $7.22 to $7 levels. If these levels are broken, then the trend would become down. Continue to watch CISG because the stock should give us an opportunity for a trade soon.

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Pacific Biosciences of California (NASDAQ:PACB) has been in a range over the past four weeks. The stock looks like it wants to breakout of this range, but has not been able to gain the needed momentum. MACD shows positive divergence and the stock can cross $4.05 in short term. You should keep this stock on your screen radar.

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Unusual volume:

FRPT – Force Protection Inc
CSOC – Caduceus Software S
TKLC – Tekelec
INHX – Inhibitex
CIRC – CIRTRAN CORP
DMND – DIAMOND FOODS
NPSP – NPS Pharmaceuticals
MTZ – MASTEC INC
BIOF – BioFuel Energy Corp
PDOS – Platinum Studios Inc
TRID – Trident Microsystem
DRWI – Dragonwave Inc
SYNM – Syntroleum Corporation
BOCX – BIOCUREX INC
CAAH – Sense Holdings Inc
GSPI – GREEN STAR PRODUCTS
MNGPY – Man Group PLC
SHZ – China Shen Zhou Min
LEXG – LITHIUM EXPLORATION
NACF – LipidLabs Inc
PPP – Primero Mining
CMEY – cMoney Inc
DYNV – Dynamic Ventures Corp
XTEX – Crosstex Energy LP
TESO – Tesco Corporation
NOVS – NOVASTAR FINANCIAL INC
IFPJY – Informa PLC

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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