Trade Setups to watch on Monday , March 05
( click to enlarge )Baidu.com, Inc. (NASDAQ:BIDU) - Moving up within a well defined uptrend channel. Look for a break above the 143 level for a run towards 150 in the short term. For longer term trade the channel buy the lower end of the channel and sell into the higher. Stops below the lower white line of the channel for longs. Price target for mid term is 165. Technical indicators are supporting the bulls. RSI is moving up and above its 50% level. Stochastic are also in buy mode. MACD is positive and above the signal line. You need to put this stock on your watchlist next week and pay special attention to the price and the volume action.
( click to enlarge )Sonic Automotive Inc (NYSE:SAH) - Broke out to new highs today on strong volume. Looks good for higher prices. Bullish MACD crossover.
( click to enlarge )Melco Crown Entertainment Ltd (NASDAQ:MPEL) - Strong looking chart. The stock could move to the target zone at $14-$14.20. The positive outlook would be valid as long as the stock holds above the stop-loss level at $12.27. On daily chart, the technical indicators are supporting the bulls. MACD is positive and above the signal line. The RSI is also moving up and above its 50 level.
( click to enlarge )Wynn Resorts, Limited (NASDAQ:WYNN) breaks above the key resistance zone at $126.35, signifying that a new short term uptrend is in place. Further rise is expected to $135 zone. Indicators are also showing signs of recovery. Near term support is now located at $120.26, as long as this level holds, I'd expect the uptrend to continue. Long-term investors may hold with a stop at $116.99. Let's keep an eye on her.
( click to enlarge )Camelot Information Systems Inc (NYSE:CIS) - Looking for a breakout above the 2.48 level ( 50 dma ). Short term price target after the break is 3. The stock starts showing ‘buy' signals again, closing today above its 20-day moving average, which is a very bullish sign. Although the stock didn't perform well last year, we start to see now some signals of rebound. Additionally, the chart shows a MACD crossover, a bullish sign. Long-term investors may hold with a stop at $2.
( click to enlarge )FormFactor, Inc.(NASDAQ:FORM) - Increase of volume brings the stock right up to the resistance level. Expect a break above the 5.50 level to go long with targets at 6 and 6.6.
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US Earnings Calendar for March 5
AAON Inc - AAON
ABM Industries Inc - ABM
Acura Pharmaceuticals Inc - ACUR
Adams Golf Inc - ADGF
Adcare Health Systems Inc - ADK
Agenus Inc - AGEN
Air Transport Services Group Inc - ATSG
Airmedia Group Inc - AMCN
ALAMO GROUP INC - ALG
AMAG Pharmaceuticals Inc - AMAG
American Safety Insurance Holdings Ltd - ASI
American Shared Hospital Services - AMS
Anacor Pharmaceuticals Inc - ANAC
Apricus Biosciences Inc - APRI
ARCA Biopharma Inc - ABIO
Arcos Dorados Holdings Inc - ARCO
Arden Group Inc - ARDNA
ARMOUR Residential REIT Inc - ARR
Ascent Solar Technologies Inc - ASTI
Asset Acceptance Capital Corp - AACC
Astex Pharmaceuticals Inc - ASTX
Avalon Holdings Corp - AWX
Bankfinancial Corp - BFIN
Bcb Bancorp Inc - BCBP
Biospecifics Technologies Corp - BSTC
Black Diamond Inc - BDE
Casey's General Stores Inc - CASY
Charm Communications Inc - CHRM
China Information Technology Inc - CNIT
China Ming Yang Wind Power Group Ltd - MY
China Pharma Holdings Inc - CPHI
China XD Plastics Co Ltd - CXDC
CKX Lands Inc - CKX
ClearOne Communications Inc - CLRO
Comverge Inc - COMV
Corcept Therapeutics Inc - CORT
Cross Country Healthcare Inc - CCRN
CVD Equipment Corp - CVV
CytRx Corp - CYTR
Daqo New Energy Corp - DQ
Dehaier Medical Systems Ltd - DHRM
Deswell Industries Inc - DSWL
Digital Power Corp - DPW
Dominion Resources Black Warrior Trust - DOM
Ducommun Inc - DCO
Endocyte Inc - ECYT
Evolving Systems Inc - EVOL
Ferrellgas Partners LP - FGP
First Business Financial Services Inc - FBIZ
First United Corp - FUNC
Focus Media Holding Ltd - FMCN
Fuel Tech Inc - FTEK
FX Energy, Inc. - FXEN
Gaiam Inc - GAIA
Gastar Exploration Ltd - GST
Generex Biotechnology Corp - GNBT
Giant Interactive Group Inc - GA
GTSI Corp - GTSI
HFF Inc - HF
Hilltop Holdings Inc - HTH
Homeowners Choice Inc - HCII
Icahn Enterprises LP - IEP
Idera Pharmaceuticals Inc - IDRA
IFM Investment Ltd - CTC
IGO Inc - IGOI
Insignia Systems Inc - ISIG
Institutional Financial Markets Inc - IFMI
iSoftStone Holdings Ltd- ISS
Isramco Inc - ISRL
Jiayuan.com International Ltd - DATE
JW Mays Inc - MAYS
Ladenburg Thalmann Financial Services Inc - LTS
Lihua International Inc - LIWA
LSB Financial Corp - LSBI
Mac-Gray Corp - TUC
Maui Land and Pineapple Co Inc - MLP
Maxygen Inc - MAXY
Medallion Financial Corp - TAXI
MGPI Processing Inc - MGPI
Mpg Office Trust Inc - MPG
Nabi Biopharmaceuticals - NABI
Nature S Sunshine Products Inc - NATR
Nautilus Inc - NLS
NetQin Mobile Inc - NQ
New England Realty Associates LP - NEN
New York Mortgage Trust Inc - NYMT
NL Industries Inc - NL
Nortech Systems Inc - NSYS
North Central Bancshares Inc - FFFD
Nutrisystem Inc - NTRI
Oak Ridge Financial Services Inc - BKOR
Odyssey Marine Exploration Inc - OMEX
Osiris Therapeutics Inc - OSIR
Perfect World Co Ltd - PWRD
Permian Basin Royalty Trust - PBT
Premier Financial Bancorp Inc - PFBI
Princeton Review Inc - REVU
Quanex Building Products Corp - NX
Real Goods Solar Inc - RSOL
Reis Inc - REIS
Roma Financial Corp - ROMA
Royale Energy Inc - ROYL
Rrsat Global Communications Network Ltd - RRST
Santarus Inc - SNTS
Seaboard Corp - SEB
Spar Group Inc - SGRP
Sri Surgical Express Inc - STRC
Stein Mart Inc - SMRT
Steinway Musical Instruments Inc - LVB
Stereotaxis Inc - STXS
Superior Industries International Inc - SUP
Swisher Hygiene Inc - SWSH
Tandy Leather Factory Inc - TLF
Teavana Holdings Inc - TEA
Terreno Realty Corp - TRNO
Thor Industries Inc - THO
TransMontaigne Partners LP - TLP
Trinity Biotech PLC - TRIB
Umh Properties Inc - UMH
Uni-Pixel Inc - UNXL
Urban Outfitters Inc - URBN
Verenium Corp - VRNM
VeriFone Systems Inc - PAY
Vertro Inc - VTRO
Village Super Market Inc - VLGEA
WCA Waste Corp - WCAA
XOMA Ltd - XOMA
York Water Co - YORW
Zalicus Inc - ZLCS
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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AC
