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AIB looks like it wants to make an upside move. If Tuesday's move was the start, I want to be buyer once it breaks through resistance highs of $3.37. The stock remains in a downtrend contained with the lower Bollinger Band, but appears to be basing as a possible double bottom at $3 may be taking shape. Nevertheless the price action only appears to be cautiously bullish and I would need to see more momentum to be more confident that a turn has taken place. There looks to be good upside in AIB, so keep it on your radar the next few days.
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THQI is coming up to a big level, as the stock is near its 200 day ma. I will be watching this stock closely on Wednesday as I expect to see a strong move once the stock breaks through resistance. A move past $5.94 would be a strong indicator of a further uptrend in the stock. The technical daily chart show a continuation of the uptrend with MACD and RSI in the Bullish areas. THQI is currently setting up in a very nice uptrend channel since December lows. Technically the stock looks solid trading above its 20 and 50 day moving averages. My model is long, targeting 7.46 area.
ENER has made a new 52-week low at $7.75 a share, closing the day at $7.80. Looking at the daily chart, we can see that the trend is clearly downwards. The MACD is also painting a negative picture with the indicator below its signal line. Not a pretty picture. An aggressive trader may want to short ENER here.
Other Stocks to Watch :Stocks that have a Bullish Engulfing pattern at the end of their daily chartTIN - TEMPLE INLAND INC
ATHR - ATHEROS COMMUN INC
VRSK - Verisk Analytics
KMT - KENNAMETAL INC
TX - TERNIUM S.A.
DGX - QUEST DIAGNOSTICS INC
ASAZY - ASSA ABLOY AB
POL - PolyOne Corp
MR - MINDRAY MEDICAL INT
EAD - Evergreen Income Ad
EDMC - Education Management
CMFO - China Marine Food G.
Stocks that have a Bearish Engulfing pattern at the end of their daily chartXRX - XEROX CORP
NVDA - NVIDIA Corporation
MRK - Merck & Co
WLP - Wellpoint Inc
TAP - ADOLPH COORS CO
AINV - APOLLO INVT CORP
TWTC - Tw Telecom Inc A
CRK - COMSTOCK RESOURCES INC
ELNK - EarthLink, Inc. 8.17
ADS - Alliance Data Syste
AFFX - Affymetrix, Inc.
SIVB - SVB Financial
APKT - Acme Packet Inc
BEC - BECKMAN COULTER INC
DECK - Deckers Outdoor Corporation
AGNC - American Capital Ag
BWEN - Blackfoot Enterprise
INSP - InfoSpace, Inc.
KFRC - kforce.com Inc
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
That's all Folks !!! Good luck and good trading !!!
AC
