Trade Ideas: AMD, BKS, IDCC, XNPT

XenoPort, Inc. (NASDAQ:XNPT) has achieved a boost during Thursday’s market as traders witnessed the oversold position, driving shares up by more than 1%. I would like to see a break over yesterdays high of 5.14 to indicate possible bounce is on deck. I feel that fundamentally, XNPT looks attractive at least for the short term. They have $103.14 million in cash and no debt. It is a speculative play, but at $5, there is not a lot of downside and potentially a solid bounce play. In the chart below, we can see that the last candle was a Doji. It means there is indecision in the market place. If the price breaks above the Doji, go long or hold your position.

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Barnes & Noble, Inc. (NYSE:BKS) was a good call yesterday. Up +10%. The next resistance is only at $16.

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A truly remarkable day for InterDigital, Inc. (NASDAQ:IDCC) shares. The stock surged 3.89 percent or $1.65 to $44.03 per share, spurring bullish options trading, amid renewed speculation the company is an acquisition target. This creates a bullish scenario for today, one in which the stock opens the day a few ticks higher and then continues its rally. InterDigital call options were also very active yesterday, particularly the December calls, conveying the right to buy IDCC shares at a fixed $55 price.

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Advanced Micro Devices, Inc. (NYSE:AMD) attempted to push higher but found good resistance at $5.71 psychological/key level, closing at 5.66. The stock has been in the process of consolidating here for an another big up move. AMD has weathered the recent pullback without too much chart damage. The short-term trend remains positive as long as the Advanced Micro Devices trades above 5.27, which is an important immediate support. Long positions may be considered on weakness, with a stop-loss at $5.27. Honestly speaking, the stock is one of my favourite stocks for 2012. Keep an eye on it !!!!

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Unusual Volume:

GMCR – Green Mountain Coffee
CIM – Chimera Investment
TTWO – Take-Two Interactive
OCN – OCWEN FINANCIAL CORP
HPGS – High Plains Gas Inc
ROVI – Macrovision Corporation
SSRI – Silver Standard Resources
CSC – COMPUTER SCIENCES CORP
ATPG – ATP Oil & Gas C
ARWR – Arrowhead Resrch
MWIP – Cannabis Medical So
IL – Intralinks Holdings
FTK – FLOTEK INDS INC (DE)
DPTR – Delta Pete Corp
HEK – Heckmann Corp
SIG – Signet Jewelers
PRMW – Primo Water Corp
CLKZ – Clicker Inc
ALSK – Alaska Communication
AAP – ADVANCE AUTO PARTS INC
PEGA – Pegasystems Inc.
BIOF – BioFuel Energy Corp
RHHBY – Roche Holding Ltd S
ENS – ENERSYS
KITD – ROO Group Inc
AUGT – InnerSpace Corp
WMGI – Wright Medical Group
OPNT – OPNET Technologies
HOTM – Sombrio Capital Corp
MCVE – MacroSolve Inc
PXTE – Paxton Energy Inc
PAWS – Paws Pet Co
FRZ – REDDY ICE HOLDINGS INC
SCHX – Schwab US Large Cap
CMED – CHINA MEDICAL TECH
NOVS – NOVASTAR FINANCIAL INC
QUAD – Quad Graphics Inc
AATI – ADVANCED ANALOGIC

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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