Four Stocks Gaining Momentum

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Affymax, Inc. (NASDAQ:AFFY) broke out a short term consolidation pattern accompanied by good volume, indicating some bullish behavior and we could possibly see some continued upside movement. The trend since last week was "buy on dips" and today's move just confirms this fact.

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American Oriental Bioengineering, Inc. (NYSE:AOB) successfully broke the resistance at $2.35 confirming a reversal from the previous downward trend. From the technical chart KD line shows positive signals as %K line is rising on top over %D line, and RSI continue moving up. OBV is beginning to turn around which suggests the stock is no longer being sold off. Stock as a major resistance at $2.45. I suspect the stock may continue to appreciate over the coming weeks.

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A123 Systems, Inc. (NASDAQ:AONE) - Looking at the technical chart, we can see that the recent increase in trading volume and rising OBV suggests buyers are accumulating stock. Traders are hoping for a breakout above $10 to signal that the bull market in stock is back.

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Looking at the technical chart of Intel Corporation (NASDAQ:INTC), we have here a well defined uptrend line that has been tested when slow stochastics drops below 20. Each has been a strong buy signal for the stock. It looks like it may be starting to gain some momentum again and could be headed to test upside resistance at 21.50 or even the 22 level.

Other stocks to watch :

New 52-week High stocks

CHGS - Point Acquisition Corp
SHZ - China Shen Zhou Min
APC - ANADARKO PETROLEUM
GMO - General Moly Inc
MOS - Mosaic Co
ANR - ALPHA NATURAL RESOURCES
POT - POTASH CORP SASKAT
AGU - AGRIUM INC
COP - ConocoPhillips
TCK - Teck Recs B
NOV - NATIONAL OILWELL INC
ACI - ARCH COAL INC
CF - CF INDUSTRIES HOLDINGS
CCJ - CAMECO CORP
WLT - Walter Energy
CHKP - Check Point Software
LYB - Lyondell Basell Ind
SWKS - SKYWORKS SOLUTNS
WMB - WILLIAMS COS INC
TLM - TALISMAN ENERGY INC
APA - APACHE CORP
CTSH - Cognizant Technologies
AON - AON CORP
BHP - BHP Billiton Ltd
DVN - Devon Energy Cp
HES - AMERADA HESS CORP
AXTI - AXT Inc
CNQ - Canadian Natural Resources
ALY - Allis Chalmers Energy
BHI - BAKER HUGHES INC
SE - SPECTRA ENERGY CORP
DY - DYCOM INDUSTRIES INC
ROVI - Macrovision Corporation
INFY - Infosys Technologies
PXD - PIONEER NATURAL RES CO
AKRX - Akorn, Inc.
SPPI - Spectrum Pharmaceutical
MOO - Mk Vector Agribs
BNS - Bank of Nova Scotia
SCCO - Southern Copper Cp
IPI - Intrepid Potash Inc
JOYG - Joy Global Inc
TEX - TEREX CORP
TPX - TEMPUR-PEDIC INTL INC
LINE - LINN ENERGY LLC UTS
DDS - DILLARDS INC CL A
CVE - Cenovus Energy Inc
JRCC - JAMES RIVER COAL CO
TCO - TAUBMAN CENTERS INC
RGNC - REGENCY ENERGY
SFI - ISTAR FINANCIAL INC
CPNO - COPANO ENERGY LLC UTS
HP - HELMERICH & PAYNE INC
CHT - CHUNGHWA TELCOMM
NXTM - NXSTAGE MEDICAL INC
SIGM - Sigma Designs, Inc.
XEC - Cimarex Energy Co

Unusual volume in today's trading session  

PWTC - Power Technology Inc.
IARO - INTL AEROSPACE ENTRP
XING - Qiao Xing Uni Re
USOG - United States Oil & Gas Corp
MDMN - Medinah Minerals Inc.
CHGS - Point Acquisition Corp
XHUA - Xinhua China Ltd.
PGPM - Pilgrim Petroleum Corporation
MCET - MultiCell Technologies, Inc
REE - Rare Element Resources Ltd.
SMVI - Social Media Ventures Inc.
MBI - M B I A INC
SHZ - China Shen Zhou Min
APC - ANADARKO PETROLEUM
CDII - China Direct Industries
EFLN - Efuel EFN Corp.
DKGR - Drake Gold Resources, Inc.
LDSR - LandStar, Inc.
FCEL - FuelCell Energy, Inc.
MESAQ - Mesa Air Group
MBRKQ - ADVANCIS PHARM
LYSCF - LYNAS Corporation Ltd
TIV - Tri-Valley Corp
BWEN - Blackfoot Enterprise

QTWW - Quantum Fuel System
FTK - FLOTEK INDS INC (DE)
GMO - General Moly Inc
CNAM - China Armco Metals Inc
GWMGF - Great Western Miner
ACPW - Active Power, Inc.
CSTO - MEDASORB TECHNOLOGIES
NVLX - EFOODSAFETY COM INC
IGC - India Globalization
ZLC - Zale Corp
OSN - Ossen Innov Adr
GDLNF - Greenland Minerals
HNSN - Hansen Medical Inc
MY - China Ming Yang Win
VISN - VisionChina Media Inc

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.  

As always, good luck !

AC

Stock Picks for Tuesday December 28

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Hey Traders ! I hope everyone had a great Christmas day, now its all about planning for the new year.

To start things off, let's take a look at the daily chart of the Force Protection, Inc. (NASDAQ:FRPT) .  The stock is on the verge of a breakout and there's plenty of room for upside. FRPT closed up 14 cents today and looks poised to make another move on Tuesday. From my point of view, there are solid and consistent buyers here. FRPT's chart suggest that increased buy side activity could push share prices to much higher levels. In the past year, the stock has hit a 52-week low of $3.86 and 52-week high of $6.75. The short-term outlook for FRPT remains positive. The MACD also confirms the recent jump and RSI shows that there's more upside to come. The stock could touch an upside target of $6.55 in the short term. Existing holders could remain invested. A close above $5.73 would have positive implications and could push the stock to the 5.92-6.19 range.

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A123 Systems, Inc. (NASDAQ:AONE) is also on my radar........From a short-term perspective you can see from the daily chart above that the price is now very close to the short-term trendline that's been in place since August. Therefore there is a high probability that the stock will finally break this downtrend line and move up big and fast, particularly as many indicators are moving upwards.

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Cisco Systems, Inc. (NASDAQ:CSCO) was able to get up through the resistance and sustained the move. The stock hit a high of $20.26, which is resistance for Tuesday’s move.  If  the stock can break through resistance, we should see a strong follow through move. Watch the stock closely tomorrow.

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Intel Corporation (NASDAQ:INTC) appears to be retesting prior resistance as support.

Other stocks to watch :

Unusual volume in today's trading session

IARO - INTL AEROSPACE ENTRP
TVCE - TVC Telecom Inc.
NGAS - NGAS
XOMA - XOMA Ltd.
RELM - RELM Wireless Corporation
DSCO - Discovery Laboratories
KATX - KAT Exploration Inc.
VLNC - Valence Technology
BPAX - Biosante Pharmaceutical
AMSZ - AcumedSpa Holdings, Inc.
TSLA - Tesla Motors Inc
ULU - ULURU Inc
AVL - Avalon Rare Metals Inc.
DDXS - VaxGen, Inc.
GVBP - Genova Biotherapeutics, Inc.
UBRG - Universal Bioenergy Inc.
SNT - Senesco Technologies
OOAG - OMDA Oil and Gas Inc
STVI - eTwine Holdings Inc
ARYX - ARYx Therapeutics Inc
JSDA - Jones Soda Co
DARA - Point Therapeutics Inc
DDSS - LABOPHARM INC
PSDV - PSIVIDA LTD ADS
MGWSF - Brockton Capital Corp
IDMCQ - INDYMAC BANCORP INC
FSTC - FIRST CORP
ADLR - Adolor Corp
STU - STUDENT LOAN CORP
VSCP - CONSULTAMERICA INC
PRWP - PRO-PHARMACEUTICALS
KOOL - THERMOGENESIS Corp.
GSAE - Green Star Alternative
PSTR - PostRock Energy Corp
ALIM - Alimera Sciences
CHCI - Comstck Hmebld A
MWIS - M-WISE INC
MAIL - INCREDIMAIL LTD ORD
ZLON - Zolon Corporation

New 52-week High stocks

AIG - AMERICAN INTERNATIONAL
XOM - EXXON MOBIL CORP
MCP - Molycorp Inc
FTR - Frontier Communication
NYB - New York Community
A - Agilent Technologies
ONNN - ON Semiconductor Co
EIX - EDISON INTERNATIONAL
SNIC - Sonic Solutions
CIT - CIT GROUP INC
CYPB - Cypress Bioscience
SPPI - Spectrum Pharmaceutical
TPX - TEMPUR-PEDIC INTL INC
SLXP - Salix Pharmaceutical
BSQR - BSQUARE Corporation
AON - AON CORP
CHTP - Chelsea Therapeutics
RJA - AB Svensk Ekportkredit
MMC - Marsh and Mclennan
MERC - Mercer International
WBD - WIMM BILL DANN FOODS
VR - Validus Holdings Ltd
TFM - The Fresh Market
DRH - DIAMONDROCK HOSPITAL
CAJ - Canon Inc
ELGX - Endologix Inc
SCS - STEELCASE INC
CR - CRANE CO
FLT - FleetCor Technologies
GAS - NICOR INC

The daily chart created a bullish engulfing candlestick formation

BAC - BANK OF AMERICA CORP
JPM - JP Morgan and Co Inc
KR - KROGER CO
ATML - Atmel Corporation
FITB - Fifth Third Bancorp
HD - HOME DEPOT INC
DUK - DUKE ENERGY CORP
GS - GOLDMAN SACHS GROUP
JBL - JABIL CIRCUIT INC
XL - Xl Group Plc
MET - METLIFE INC
PM - Philip Morris International
OREX - Orexigen Therapeutics
ERTS - Electronic Arts Inc
TLB - TALBOTS INC
HST - HOST MARRIOTT CORP
SVU - SUPERVALU INC
KIM - KIMCO REALTY CORP
TRV - The Travelers Co
FNSR - Finisar Corporation
JNS - Janus Capital Group
NTAP - NetApp Inc
WU - Western Union
UPS - UPS
CENX - Century Aluminum Co
XEL - XCEL ENERGY INC
PBCT - People's Bank
INFN - Infinera Corp
SO - SOUTHERN CO
CB - CHUBB CORP
VVUS - Vivus, Inc.
CSX - C S X CORP

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.  

As always, good luck !

AC

Stock Picks for Thursday December 23

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Red Hat, Inc. (NYSE:RHT), fell below the support level at $47.10. The stock had a bearish divergence which could be very bearish. The momentum is now bearish and as long as the stock is trading below the 47.10 level, a short position is preferred. The next support level on the daily chart is at $43.65.

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Affymax, Inc. (NASDAQ:AFFY) continued trading above the major MAs. The stock surged 2.58%, closing the day at $6.75 with the overall trading volume of 500k shares for the day. The momentum continues to be bullish for AAFY, and as long as the stock is trading above $6.50 level, a long position is preferred. The ADX indicator is bullish and the Money Flow Index is showing an increase despite sideways trading which suggests the bulls have more power. Resistance stays at $6.90, which was last yesterday’s high. Once the stock breaks resistance, it should run to $7.50. 

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Intel Corporation (NASDAQ:INTC) failed to close below its 50 DMA which is a short term bullish sign. The stock is now in oversold territory with stochastic and relative strength oscillators providing good entry points.

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On the daily chart, Universal Travel Group (NYSE:UTA) has been under strong accumulation. The movement of the stock this week is promising and the short-term up trend can continue to take the stock higher. The stock is now set up nicely in a base for a potential breakout. From a technical standpoint this chart tells you that the place to be in UTA is on the long side, with Stochastics and RSI indicators, both rising.

Other stocks to watch Tomorrow :

Shares of Banner Corporation (NASDAQ:BANR) soared 13.89% or 25 cents to $2.05 per share on rumors of a possible merger in the banking sector. The technical chart shows the stock is back to bull market as the stock is back above 50-day moving average while MACD is back above 0. In addition KD show buy signal as %K line still above %D line.

Shares of Cell Therapeutics, Inc. (NASDAQ:CTIC) continue to trade below 38 cents. Resistance is located at $0.40 and if the stock breaks above this level, you could see a nice pop.

The following list show stocks whose volume has been increasing over the last 2 trading sessions

ADBE - Adobe Systems Incorporation
AA - ALCOA INC
JBL - JABIL CIRCUIT INC
CX - CEMEX S.A.
SD - Sandridge Energy Inc
VLO - VALERO ENERGY CORP
BBD - BANCO BRADESCO SA
MCP - Molycorp Inc
CLWR - Clearwire Corp
JASO - JA Solar Holdings
AMR - A M R CORP
DRI - DARDEN RESTAURANTS INC
LEN - LENNAR CORP
KOG - KODIAK OIL & GAS CP
UAL - UAL CORP
ARMH - ARM Holdings, plc
JNPR - Juniper Networks
ARTG - Art Technology Group
MFE - MCAFEE, Inc.
LCRD - Drexler Technology
CNX - CONSOL Energy Inc
ACI - ARCH COAL INC
YGE - Yingli Green Energy
ACE - Ace Ltd
GFA - Gafisa SA
SOL - Renesola Ltd
CROX - CROCS INC
LBTYA - Liberty Global Inc
CRM - SALESFORCE.COM INC
HUN - HUNTSMAN CORPORATION
CMC - COMMERCIAL METALS CO
WBC - Wabco Holdings Inc
SINA - sina.com
OCR - OMNICARE INC
STO - Statoil ASA
ELY - CALLAWAY GOLF CO
EDAP - EDAP TMS S.A.
CMED - CHINA MEDICAL TECH
PUDA - Puda Coal Inc
AOD - ALPINE TOTAL DYNAMIC
WHR - WHIRLPOOL CORP
HP - HELMERICH & PAYNE INC
SNE - SONY CORP
D - TORONTO DOMINION BANK
NLC - NALCO HOLDING CO
UL - Unilever PLC
CYD - CHINA YUCHAI INTL LTD
ASH - ASHLAND INC
RJF - RAYMOND JAMES FNCL INC
BEBE - bebe stores, inc.
GMXR - Gmx Resourcs Inc
STKL - SunOpta Inc
SMT - Smart Technologies Inc
CIB - BANCOLOMBIA S A
BORN - China New Borun Corp
FLT - FleetCor Technologies
AIMC - Altra Holdings Inc
ASIA - Asiainfo Linkage
TRP - Transcanada Corp
COT - COTT CORP
DSX - DIANA SHIPPING INC
WG - WILLBROS GROUP INC
RYAAY - Ryanair Holdings plc
AUDC - AudioCodes Ltd.
ALIM - Alimera Sciences
ORIT - Oritani Financl
VIVDY - Vivendi
AIXG - Aixtron Aktienge
EROC - Eagle Rock Energy
HGG - HHGregg Inc
UTA - Universal Travel
AAV - Advantage Oil&Gs

The following list show stocks whose the 13-day moving average has been increasing over the last 2 trading sessions

BAC - BANK OF AMERICA CORP
CSCO - Cisco Systems, Inc.
SIRI - Sirius XM Radio
PFE - PFIZER INC.
GE - GENERAL ELECTRIC CO
MSFT - Microsoft Corporation
MGM - Mgm Resorts Int
Q - QWEST COMM INTL INC
F - FORD MOTOR COMPANY
S - Sprint Corp FON Group
JPM - JP Morgan and Co Inc
MOT - MOTOROLA INC
MATK - Martek Biosciences
MU - Micron Technology
WFC - WELLS FARGO & CO
MI - MARSHALL & ILSLEY CORP
ADBE - Adobe Systems Incorporation
ARNA - Arena Pharmaceutical
XOM - EXXON MOBIL CORP
AA - ALCOA INC
NOK - NOKIA CORP
BSX - BOSTON SCIENTIFIC CORP
ORCL - Oracle Corporation
CMCSA - Comcast Corporation
T - AT&T Inc
JBL - JABIL CIRCUIT INC
RF - REGIONS FINANCIAL CORP
CX - CEMEX S.A.
SNV - SYNOVUS FINANCIAL CORP
CHK - CHESAPEAKE ENERGY CORP
AMAT - Applied Materials
MS - Morgan Stanley
VZ - Verizon Comm
VALE - Vale S A ADR
BRCD - Brocade Communications
PBR - PETROLEO BRASILEIRO SA
XOMA - XOMA Ltd.
MDT - MEDTRONIC INC
GEN - Rri Energy Inc
NVDA - NVIDIA Corporation
MO - ALTRIA GROUP
YHOO - Yahoo! Inc
EMC - EMC CORP
LOW - LOWES COMPANIES INC 2
VLO - VALERO ENERGY CORP NEW
ATML - Atmel Corporation
ALU - ALCATEL
KEY - KEYCORP
GLW - CORNING INC
MRK - Merck & Co
ATVI - Activision, Inc.
USB - US Bancorp
KO - COCA COLA CO
QCOM - QUALCOMM Incorporated
CBS - CBS Cl B
DRYS - DRYSHIPS INC
MCP - Molycorp Inc
FBC - FLAGSTAR BANCORP INC
INCY - Incyte Genomics Inc.
SNDK - SanDisk Corporation
IVAN - Ivanhoe Energy Inc
HL - HECLA MINING CO
GGB - GERDAU USA
PG - PROCTER & GAMBLE CO
WAG - WALGREEN CO
PCX - Patriot Coal Corp
SLE - SARA LEE CORP
NWSA - News Corp Ltd pf
ABT - ABBOTT LABORATORIES
FITB - Fifth Third Bancorp
CCL - CARNIVAL CORP
STI - SUNTRUST BANKS INC
SCHW - Charles Schwab Corp
KFT - KRAFT FOODS INC
AIB - ALLIED IRISH BANKS
IRE - IRELAND GOVERNOR
THC - TENET HEALTHCARE CORP
IP - INTERNATIONAL PAPER CO
HD - HOME DEPOT INC
LSI - LSI Corp
CVS - CVS Caremark Corp
XRX - XEROX CORP
NKE - NIKE INC CL B
WY - WEYERHAEUSER CO
COP - ConocoPhillips
LEN - LENNAR CORP
PMI - P M I GROUP INC
BBT - BB&T CORPORATION
CAG - CONAGRA INC
KOG - KODIAK OIL & GAS CP
FLEX - Flextronics International
TGT - TARGET CORP
AMGN - Amgen Inc.
MON - Monsanto Co
STX - Seagate Tech
SLM - USA EDUCATION INC
SOMX - SOMAXON PHARMACEUTIC
MAS - Masco Corporation
SLB - SCHLUMBERGER LTD
TLAB - Tellabs, Inc.
PAYX - Paychex, Inc.
VOD - Vodafone Gp Plc
ONNN - ON Semiconductor Co.
AMZN - Amazon.com, Inc.
PCS - MetroPcs Communication
ARTG - Art Technology Group
AUY - YAMANA GOLD INC
DOW - DOW CHEMICAL CO
MYL - Mylan Inc
MT - Arcelormittal
XL - Xl Group Plc
BP - BP AMOCO ADS
JNS - Janus Capital Group
BK - Bank Ny Mellon
ACN - Accenture Plc
CTL - Centurylink Inc
BX - Blackstone Group LP
LCRD - Drexler Technology
IVZ - INVESCO LTD
HERO - HERCULES OFFSHORE
GS - GOLDMAN SACHS GROUP
KGC - KINROSS GOLD CORP
DHI - Horton DR Inc

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.  

As always, good luck !

AC