Stocks in Play for Nov. 19: AONE, CSCO, MOT, THQI

As the whole market bounced on Thursday, Cisco Systems, Inc. (CSCO) had a nice bounce as well. This stock has been hit very hard but today’s move could be the first of a short-term swing. The technical daily chart below shows new rally is coming as %K line has just crossed on top of %D line. CSCO is extremely oversold and I would be looking for a technical bounce with initial resistance at $19.98. Keep the stock on your screen throughout the day on Friday.

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I have been Bullish on Motorola (MOT) since a while and looking at the bunch of news from the Insiders I’m keeping my bullish bias intact. I still think we might see a new 52-week high before the year ends. Recently, Icahn reported on a Form 4 to the SEC that his company (Icahn Associates Corporation) increased its stake in Motorola to 266 million shares with the recent purchase of 15 million more at a share price of $7.98. The current market value of Icahn’s holding in Motorola tops out at $2.17B, nearly 11.3% of shares outstanding. MOT traded higher today, as the stock inched closer to resistance for a breakout move. The stock ended the day 2.91% higher at $8.14 on volume of 19.50 million. MOT looks it will break resistance soon and this could happen very soon. I’ll be watching the stock again on Friday as resistance stays at $8.20 ( 50-day moving average ). Over the past 12 months Motorola shares have traded between a 52-week low of $6.04 and its 52-week high of $8.94. Watch the stock throughout the day on Friday.

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THQ Inc. (THQI) seems to have broken out of an upward channel with a very large volume. Watchout for upcoming resistance at $5.23 ( 200-day moving average ). This is something to watch, and if you a long term investor, it looks good for you.

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A123 Systems, Inc. (AONE) is still in consolidation. The breakout that we saw last month was a false breakout. However this issue is not doomed yet. The stock is still trading within the range. If this breaks out at 9.07 level my first tartget is set to 9.76. Watch closely.

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Other stocks to watch:

Hemispherx BioPharma, Inc (HEB) has been increasing on higher volume which is very bullish. HEB Is Poised To Run Again….

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 324 Articles

Antonio Costa is a 35 year old part-time trader who trade stocks in the US market.

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