( click to enlarge )Flotek Industries, Inc. (NYSE:FTK) broke out to a new all-time high today accompained by a strong volume suggesting higher levels. The stock has been on a remarkable run since November and it doesn’t looks like the trend will change soon. The technical chart still showing a bullish bias. KD line shows positive signs as %K line is rising on top over %D line and RSI continue moving up. The MACD has also formed an upside cross. I suspect the stock may continue to appreciate over the coming days.
( click to enlarge )Lorillard Inc. (NYSE:LO) - Technically, its major resistance was broken today with good volume. There is a chance the stock will consolidate tomorrow, but keep a close eye in case the stock makes it move. I'll buy the stock once it breaks through Tuesday’s high. At the present level, the stock is in overbought territory from a technical standpoint, however it does not mean the stock won't still go up, but a pull back is needed.
( click to enlarge )If the weakness continues and Ciena Corporation (NASDAQ:CIEN) breaks the support at $22.03, there will be a good chance that the stock will test the $20 support. However, as long as support holds a reversal is possible. Technically, there is nothing positive about the technical chart. All other indicators still point to a bear market.
( click to enlarge ) When I first alerted everyone this morning on twitter about an unusual high volume on GNBT, I fully expected a solid run and an increase in share price, but what we got was much more than I could have even hoped for. Shares of Generex Biotechnology Corporation (OTC:GNBT) closed the day gaining more than two percentage points. The stock has been on a down trend since it reached 52 weeks high of $.5598 in September. Its technical chart show some bullish signals as KD is now going up and the stock breaks above the 20-day moving average. With this daily chart bull signal its very possible that we could see a continuation into tomorrow. But I urge you not to buy a significant portion of your trading capital, because this is a penny stock, so be careful with the position size.
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Other stocks to watch :
Shares of Banner Corporation (NASDAQ:BANR) are starting to heat up again and are worth watching. If volume can pick up I think this stock can break through resistance at $2.56 and re-test its recent highs around $2.64.
Shares of Cell Therapeutics, Inc. (NASDAQ:CTIC) were on fire Tuesday. The stock will have major resistance between $.49-$.512. A close over this level would be bullish and I'd look for CTIC to test the recent high of $.5548.
Shares of DryShips Inc. (NASDAQ:DRYS) were on fire in pre market Tuesday but then traded flat during the day. I will buy the stock the next time it breaks $4.72.
Achillion Pharmaceuticals, Inc.(Nasdaq:ACHN) - This stock is breaking out technically.
If OceanFreight Inc. (NASDAQ:OCNF) can break out above $.75 with heavy volume, I think the stock could shoot up to test $.96. There looks to be good upside potential, so watch the stock very closely on Wednesday.
Earnings Announcements for Wednesday
AdCare Health Systems Inc - ADK
Ap Pharma Incorporated - APPA
B&H Ocean Carriers Ltd - BHO
China Architectural Engineering Inc - CAEI
Clean Diesel Technologies Inc - CDTI
Connecticut Bank And Trust Co - CTBC
Cyclacel Pharmaceuticals Inc - CYCC
Enova Systems Inc - ENA
Fairpoint Communications Inc - FRP
General Mills Inc - GIS
HB Fuller Co - FUL
HMG/Courtland Properties Inc - HMG
icad Inc - ICAD
Innovaro Inc - INV
Laporte Bancorp Incorporated - LPSB
Lentuo International Inc - LAS
Marina Biotech Inc - MRNA
Medicinova Inc - MNOV
MER Telemanagement Solutions Ltd - MTSL
Micronetics, Inc. - NOIZ
National Beverage Corp - FIZZ
Ocean Bio-Chem Inc - OBCI
Omnova Solutions Inc - OMN
Paychex Inc - PAYX
PFSweb Inc - PFSW
PhotoMedex Inc - PHMD
PositiveID Corp - PSID
Providence and Worcester Railroad Co - PWX
RAE Systems Inc - RAE
Red Hat Inc - RHT
Retail Ventures Inc - RVI
Saic Inc - SAI
Star Buffet Inc - STRZ
Steelcase Inc - SCS
Superior Bancorp - SUP
Tat Technologies Ltd - TATT
Tib Financial Corp - TIBB
Winland Electronics Inc - WEX
New 52-week High stocks
STJ - ST JUDE MEDICAL INC
CBS - CBS Cl B
CVX - Chevron
NE - NOBLE DRILLING CORP
FTK - FLOTEK INDS INC (DE)
LO - Lorillard Inc
CSX - C S X CORP
VRX - Valeant Pharmaceutiscs
CAR - Avis Budget Group Inc
NFX - NEWFIELD EXPLORATION
DVN - Devon Energy Cp
NSC - NORFOLK SOUTHERN CORP
ESV - Ensco Plc Adr
ING - Ing Groep NV ADR
GPOR - Gulfport Energy Corp
PAY - Verifone Systems
HS - HEALTHSPRING INC
GLNG - GOLAR LNG LTD
RES - R P C INC
ACHN - Achillion Pharmaceutical
SUN - SUNOCO INC
KEG - Key Energy Services
TDC - Teradata Corp
CTCT - Constant Contact Inc
GIL - GILDAN ACTIVEWEAR INC
TZOO - Travelzoo Inc
NBL - NOBLE AFFILIATES INC
COG - CABOT OIL & GAS CORP
WCG - WELLCARE HEALTH
FLIR - FLIR Systems, Inc.
PGH - Pengrowth Energy
HSY - Hershey Corp
CERN - Cerner Corporation
MFN - Minefinders Corporation
EROC - Eagle Rock Energy
VPHM - ViroPharma Incorporation
ADS - Alliance Data Systems
OII - OCEANEERING INTL INC
PKD - PARKER DRILLING CO
OKE - ONEOK INC
LUK - LEUCADIA NATIONAL CORP
GGC - GEORGIA GULF CORP
GTLS - CHART INDUSTRIES
SBS - Co Saneamento
PODD - Insulet Corp
TMK - TORCHMARK CORP
WRB - WR Berkley Corp
FICO - Fair Isaac Inc
CRR - CARBO CERAMICS INC
HYC - HYPERCOM CORP
CHD - CHURCH & DWIGHT CO INC
PSSI - PSS World Medical Inc
WLK - WESTLAKE CHEMICAL CP
ISTA - Ista Pharmaceutical
ACGL - Arch Capital Group Ltd
WSO - WATSCO INC
New 52-week Low stocks
HALO - HALOZYME THERAPEUTICS
CISG - CNinsure Inc
CHBT - China-Biotics Inc
Unusual volume in today's trading session
UNDT - Universal Detection Technology
HCKI - Wisebuys, Inc.
AWYI - Ariel Way Inc.
AGNC - American Capital Ag
PRAN - PRANA BIOTECHNOLOGY
WAG - WALGREEN CO
NXCO - Nexicon Inc.
XSRAY - Xstrata PLC
AEN - Pipex Pharmaceutical
POPT - Pop3 Media Corp.
UMNG - UMINING Resources Inc.
PARD - Poniard Pharma
FTK - FLOTEK INDS INC (DE)
CGAQ - Caribbean Casino & Gaming Corp.
IDTA - IDenta Corp.
VRGY - Verigy
RTGV - RTG Ventures Inc.
SNWT - San West Inc
VPER - Viper Networks Inc.
BLLB - Bell Buckle Holdings, Inc.
TTII - GoHealth.MD Inc
CRYP - Cryptologic Ltd
UTOG - UNIONTOWN ENERGY INC
CHGS - Point Acquisition Corp
ZZ - SEALY CORPORATION
EXPR - Express Inc
VTSI - VirTra Systems Inc.
ACHN - Achillion Pharmaceutical
TWER - Towerstream Corp
IMGG - Imaging3 Inc.
MNGPY - Man Group PLC
HGKGY - Hongkong Electric Holdings Ltd.
TNRI - Titan Resources International Corp.
GBTO - CARIBBEAN VILLA CATE
HSYT - Home System Group
CGHI - Centurion Gold Holdings Inc
NDVLY - New World Development Co. Ltd.
TGE - TGC Industries Inc
VSHC - VisualHealthCare Corp.
OXIS - Oxis International
MAIN - Main Street Capital
VOG - Ante4 Inc
MSHL - MARSHALL EDWARDS INC
CHNG - Coventure International
GRPR - Grid Petroleum Corp
MITK - Mitek Systems, Inc.
OME - OMEGA PROTEIN CORP
HTHIF - Hitachi Ltd
AVNA - Dynamic I-T Inc
YPF - Y P F SOCIEDAD ANONIMA
AGRT - AGR Tools Inc
MZBY - ASIA PMT SYS INC
NTSP - NetSpend Holdings
MAGS - Magal Security Systems
WOLF - GREAT WOLF RESORTS INC
VNDB - Vendum Batteries
CBAK - China BAK Battery
SDTH - Shengdatech
LJPC - La Jolla Pharma
CNVR - Convera Corporation
BLEW - Bluewave Group Inc
KNBWY - Kirin Holdings
NVGN - Novogen Limited
BESV - VERDISYS INC
TNUS - Total Nutraceutical
KUB - KUBOTA CORP
ORXRF - OREMEX RES INC
ECYT - Endocyte Inc
MTVO - Montavo Inc
AMFE - Technical Ventures Inc
CAZFF - Caza Oil & Gas Inc
TRRXF - TNR Gold Corp
IMOS - Chipmos Tech
CPC - Chemspec International
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
