Global equities were mixed. On Wall Street, the Standard & Poor's 500 Index closed 0.4 per cent up at 1,325.69, amid better-than-expected earnings forecasts from high-end jeweller Tiffany & Co and data-management company NetApp Inc. Europe's Stoxx 600 slipped 0.1 per cent to 277.14, as sovereign debt concerns continued to stalk the market.
TEKELEC (NASDAQ:TKLC) displayed some impressive relative strength with a 5.58% gain. Today TKLC broke out of its bull flag suggesting a further move to the upside and continuation of this bullish trend. The technical indicators are looking better now for the stock. The stock has just entered into a short-term bull market as the stock is on top of 20 day and 50 day moving averages. Other technical indicator such as MACD, is above 0 showing positive momentum while KD line also show buy signal as %K line is top of %D line. In addition, On Balance Volume is increasing, indicating accumulation of shares in the market. Technically speaking the stock is now painting a short-term “Bullish” picture. Consistent move above $9.07 ( the trend line resistance ) could be a beginning of a new technical bullish reversal at least testing 10.63/11.20 area.
FormFactor, Inc. (NASDAQ:FORM) has been beaten down since last month, but at this moment it seems pretty clear that buyers have been waiting in the 9-9.20 range. It looks like it is starting to turn back up and indicators are giving the first bullish signs. The Stochastic Oscillator is registering a bullish signal as the %K has crossed above the %D and the RSI is rising slowly but hasn’t reached the 50% level. The stock needs to close above $9.94 on a daily basis in order to mitigate the negative near term view. The stock has the following important levels. Resistance at $9.62 and support at $9.24.
I continue to watch $6.12 for A123 Systems, Inc. (AONE), if it can break up through there, its worth it for me to buy for a trade. This is a price to keep an eye on in the future. On the downside, there continues to be solid support around $5.50. Pullbacks below this level should be bought with a tight stop at $5.29. Short-term technical indicators are improving and MACD histogram bars are slowly picking up while RSI is neutral at 50. Keep an eye on it.
salesforce.com, inc. (NYSE:CRM) broke out to a new all-time high today, accompanied by a good volume suggesting higher levels.The stock has been in a nice uptrend for the last two weeks and it looks very strong with both 50 day and 200 day moving average going up while %K line is on top of %D line. CRM is now on the overbought level, so this means a possible correction is near. Watchout for support at 150.58, as long as the stock does not go below this level on its correction phase, we are still safe. CRM is a stock to keep an eye on for awhile.
Stocks to Watch - 5/27/11 - Stock Market Investing Ideas
Kodiak Oil & Gas Corp. (KOG) - Kodiak Oil & Gas Corp. was one of my best oil stock ideas for 2011. Kodiak Oil & Gas Corp. (KOG) is one of the up and coming companies in the Bakken Shale. KOG is now on a rally towards $7. KOG is a buy below $6.00 for a trade. Discuss KOG
Samson Oil & Gas Limited (SSN) - SSN is stuck in $2.80's on low volume. SSN will now have resistance located at $3.20. Pullbacks below $2.70 continue to be a buy for a trade.
Paramount Gold and Silver Corp. (PZG) - Paramount Gold and Silver Corp. (PZG) is my Top Gold Stock for 2011. PZG hit $3.40 on Thursday which is a monster gain from the lows. Investors who bought the selling panic are up huge. PZG will have resistance located at $3.50. PZG will have support at $2.70 going forward.
American International Group, Inc. (AIG) - American International Group, Inc. (AIG) is trading around $28.50. AIG will now have resistance at $30. AIG has support located at $27.50.
Sirius XM Radio (SIRI) - Sirius XM Radio (SIRI) is now back above $2.30. Sirius XM Radio will now have support at $2.00. Sirius XM Radio is a strong buy on pullbacks below $1.60. SIRI will now have resistance located at $2.50.
Las Vegas Sands Corp. (LVS) - Las Vegas Sands Corp. (LVS) is now trading around $40. Las Vegas Sands Corp will have resistance located at $45. Las Vegas Sands (LVS) continues to be a buy below $38 for a trade.
Dryships Inc. (DRYS) - Dryships Inc. (DRYS) continues to trade below $4.00. The next major resistance level for Dryships is located at $4.40. Drys has support at $3.50.
Direxion Daily Financial Bear 3X Shares (FAZ)
Daily Finan. Bull 3X Shs(ETF)(FAS) - Daily Finan. Bull 3X Shs(ETF)(FAS) was flat on Thursday. FAS will have support located at $25 and resistance located at $30. FAS is a strong buy below $25 per share. I would be avoiding Direxion Daily Financial Bear 3X Shares (FAZ) right now.
Research In Motion Ltd. (RIMM) - Research in Motion Ltd (RIMM) is now back below $45. Research in Motion (RIMM) has support at $40. Research in Motion (RIMM) will have resistance up at $50.
Cisco Systems, Inc. (CSCO) - Cisco Systems, Inc. (CSCO) is now trading down in the low $16's. CSCO will have resistance around $17. Cisco Systems (CSCO) will have support down around $16. Cisco Systems is a strong buy below $17 for the long term. This stock will eventually come back with some patience.
Stocks to Watch for Daytrading - Samson Oil & Gas Limited (SSN) - Hyperdynamics Corp (HDY) - DryShips, Inc. (DRYS) - Arena Pharmaceuticals, Inc. (ARNA) - Bank of Ireland (IRE) - Cyclacel Pharmaceuticals, Inc. (CYCC) - Somaxon Pharmaceuticals, Inc. (SOMX) - Rediff.com India Ltd. (REDF) - Allied Irish Banks plc (AIB) - YRC Worldwide Inc. (YRCW) - China Shen Zhou Mining & Resources, Inc. (SHZ) - Limelight Networks, Inc. (LLNW) - Level 3 Communications Inc. (LVLT) - Jones Soda (JSDA)
Amazon.com Inc. (AMZN) - Amazon.com Inc. (AMZN) stock is back trading near $195. AMZN will have resistance at $208. Pullbacks below $180 are a buy.
Level 3 Communications Inc. (LVLT) - Level 3 Communications Inc. (LVLT) hit $2.25 on Thursday. Level 3 Communications will have resistance located at $2.50.
Netflix, Inc. (NFLX) - Netflix, Inc. (NFLX) ripped into the mid $260's on Thursday. Netflix Inc (NFLX) will have resistance located at $275 going forward. Netflix has support located at $240. Netflix Inc (NFLX) is a buy on pullbacks below $210.
Baidu, Inc. (BIDU) - Baidu, Inc. (BIDU) is now back trading around $130. Baidu Inc will have resistance up at $140. Baidu has support located at $125. If Baidu Inc. (BIDU) ever falls below $105, I would start buying back.
Oracle Corp (ORCL) - Oracle Corp (ORCL) is back above $33. ORCL will now have resistance located at $34.
YRC Worldwide Inc. (YRCW) - YRC Worldwide Inc. (YRCW) is now trading below $1.00. YRC Worldwide Inc continues to be at risk of going bankrupt. YRC Worldwide (YRCW) is not a buy unless the stock trades back above $5.00 and holds.
Advanced Micro Devices Inc. (AMD) - Advanced Micro Devices Inc. (AMD) is back below the 50 day moving average. Advanced Micro Devices Inc. will now have resistance located at $8.95. Advanced Micro Devices will have support down at $7.93.
Goldman Sachs Group, Inc. (GS) - Goldman Sachs Group (GS) is trading below $140 as the financials remain weak. Goldman Sachs (GS) may be forming a bottom down here. Goldman Sachs (GS) is a buy below $150.
Potash Corp. of Saskatchewan, Inc. (POT) - Potash Corp. of Saskatchewan, Inc. (POT) is now back at $55. Potash Corp will now have resistance located at $60. Potash Corp. of Saskatchewan, Inc. (POT) is a strong buy below $50.
Freeport-McMoRan Copper & Gold Inc. (FCX) - Freeport-McMoRan Copper & Gold Inc. (FCX) popped back above $50 on Thursday. FCX is a buy below $50, strong buy below $45
SanDisk Corp. (SNDK) - SanDisk Corp. (SNDK) was trading around $46 on Thursday. SNDK will have resistance around $50.
Allied Irish Banks plc (AIB) Bank of Ireland (IRE) - Allied Irish Banks plc (AIB) & Bank of Ireland (IRE) continue to be active and worth watching.
Cell Therapeutics, Inc. (CTIC) - Cell Therapeutics, Inc. (CTIC) (CTICD) did a reverse split last week. Cell Therapeutics will have support located at $1.96. CTIC will have resistance up at $2.40.
Akamai Technologies Inc. (AKAM) - Akamai Technologies Inc. (AKAM) is trading around $33 again. AKAM is a screaming buy below $40 for the long term. I still think AKAM can test $30 before breaking out into a new uptrend.
Whole Foods Market, Inc. (WFM) (WFMI) - Whole Foods Market changed it's symbol from WFMI to WFM recently. WFM will have resistance at $65. For the latest updates PRESS CTR + D or visit Stock Market news Today
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