Trade Ideas: ARNA, DRYS, LCC, NVDA, RIMM, SONS

By Dec 17, 2012, 10:20 AM Author's Blog  

NVIDIA Corporation (NASDAQ:NVDA) has been forming a bull flag/bull pennant pattern. The stock has a good risk/reward. I’m looking for a strong move up in the near term. From the technical daily chart both MACD and CMF are showing bullish sign as MACD is rising above 0 while CMF is positive. I remain bullish on this stock.

Trade Ideas: ARNA, DRYS, LCC, NVDA, RIMM, SONS

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Sonus Networks, Inc. (NASDAQ:SONS) Still holding its 50-day SMA. The stock is consolidating over that level on very low volume, so watch to see if it can clear resistance. The Accumulation/Distribution line is climbing up again. Over the last 6 months, insiders were net buyers of 8.3M shares, which represents about 3.76% of the company’s float. The bullish insiders should indicate SONS stock is really worth buying.

Trade Ideas: ARNA, DRYS, LCC, NVDA, RIMM, SONS

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Research In Motion Limited (NASDAQ:RIMM) displayed some strength on Friday again but volume was not so high as on the previous day. I recommend readers take some profits (1/2 your position) right here. Its daily RSI reached the 80% level. I am not suggesting new bullish positions at this time.

Trade Ideas: ARNA, DRYS, LCC, NVDA, RIMM, SONS

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DryShips Inc. (NASDAQ:DRYS) is a good stock that can turn in strong gains when starts moving. Honestly, I believe one of those moves began on Friday after closing the day with a gain of 9 cents to $1.83. The strong move came on a surge of volume, which is generally a good sign. Set a stop loss at $1.60

Trade Ideas: ARNA, DRYS, LCC, NVDA, RIMM, SONS

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Arena Pharmaceuticals, Inc.(NASDAQ:ARNA) may have reversed its recent downtrend, closing in the green on decent volume on Friday. I will give this one, one more session. Buy stop at $9.45. All the technical indicators look good.

Trade Ideas: ARNA, DRYS, LCC, NVDA, RIMM, SONS

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US Airways Group, Inc. (NYSE:LCC) No position was entered as the stock failed to break $13.2. I will watch it again this week.

Trade Ideas: ARNA, DRYS, LCC, NVDA, RIMM, SONS

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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.
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