Trade Ideas for Thursday, March 17

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eBay Inc. EBAY closed slightly below the lower channel trend-line. The stock needs to bounce back from this crucial trendline support levels to remain in a channel which it is maintaining since July 2010.


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EXFO Electro-Optical Engineering EXFO continues showing bearish divergences in the daily chart, although 50 SMA continues guiding the movement, acting as dynamic support now around $10.37. The near-term trend is bearish and the stock faces resistance at $11. A close above this range is a pre-requisite for the reversal of the bearish trend. Hold with a stop-loss at $10.37.

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$326 has been acting as a very good support for Apple Inc. AAPL since last 3 months, if that holds then we can see a sharp bounce back otherwise stoclk will head to $300-$311 levels in short-term. And that level will be a very good level to buy for a long term. Existing holders may remain invested with a stop loss at 326. 

Other stocks to watch :

Earnings Announcements for Thursday

A.C. Moore Arts & Crafts Inc - ACMR
Actuant Corp - ATU
American Caresource Holdings Inc - ANCI
Ascent Media Corp - ASCMA
AspenBio Pharma Inc - APPY
Cadiz Inc - CDZI
Capstone Therapeutics Corp - CAPS
Cardium Therapeutics Inc - CXM
Carolina Trust Bank - CART
Casual Male Retail Group Incorporated - CMRG
Cato Corp - CATO
CDC Software Corp - CDCS
Celera Corporation - CRA
China Wind Systems Inc - CWS
China Yida Holding Co - CNYD
Consolidated Water Co Ltd - CWCO
Converted Organics Inc - COIN
Cost Plus Inc - CPWM
dELiAs Inc - DLIA
Delta Petroleum Corp - DPTR
Ever Glory International Group Inc - EVK
Fedex Corp - FDX
Global Sources Limited - GSOL
Gordmans Stores Inc - GMAN
Hanwha Solarone Co Ltd - HSOL
Herman Miller Inc - MLHR
Hilltop Holdings Inc - HTH
IHS Inc - IHS
KSW Inc - KSW
Lakes Entertainment Inc - LACO
Ldk Solar Co Ltd - LDK
LECG Corporation - XPRT
Loral Space and Communications Inc - LORL
Manitex International Inc - MNTX
Met Pro Corp - MPR
Microvision Inc - MVIS
Moly Mines Ltd - MOL.AX
New York & Company Inc - NWY
Nike Inc - NKE
Optical Cable Corp - OCCF
Park Bancorp Inc - PFED
Pernix Therapeutics Holdings Inc - PTX
Presidential Life Corp - PLFE
Pure Bioscience - PURE
Ross Stores Inc - ROST
SeaChange International Inc - SEAC
Shoe Carnival Inc - SCVL
Star Buffet Inc - STRZ
Sulphco Inc - SUF
Tat Technologies Ltd - TATT
Tengion Inc - TNGN
Threshold Pharmaceuticals Inc - THLD
Towerstream Corp - TWER
Transatlantic Petroleum Limited - TAT
Universal Insurance Holdings Inc - UVE
Ur Energy Inc - URG
US Home Systems Inc - USHS
ValueVision Media Inc - VVTV
Waccamaw Bankshares Inc - WBNK
Winnebago Industries Inc - WGO
Wpcs International Incorporated - WPCS
Xenith Bankshares Inc - XBKS

The following list show stocks whose OBV has been increasing over the last 3 trading sessions

CHK - CHESAPEAKE ENERGY CORP
NYX - NYSE EURONEXT INC
CVX - Chevron
ITUB - Itau Unibnco Adr
HK - Petrohawk Energy
SWN - SOUTHWESTERN ENERGY CO
YGE - Yingli Green Energy
ICO - INTERNATIONAL COAL
BHI - BAKER HUGHES INC
MOS - Mosaic Co
GME - GAMESTOP CP
CBLI - CLEVELAND BIOLABS
SOLR - GT Solar International
ECA - EnCana Corp
ACI - ARCH COAL INC
GEN - Rri Energy Inc
WNR - WESTERN REFINING INC
CNX - CONSOL Energy Inc
AON - AON CORP
BBVA - BANCO BILBAO VIZCAYA
VSH - Vishay Intertechnology
COG - CABOT OIL & GAS CORP
ANN - ANNTAYLOR STORES CORP
RRC - Range Resources Corp
CAM - Cameron Intl
HLX - Helix Energy Solutions
LULU - lululemon athletical
KEG - Key Energy Services
ECL - ECOLAB INC
GLNG - GOLAR LNG LTD
NBL - NOBLE AFFILIATES INC
EQT - EQT Corporation
CRK - COMSTOCK RESOURCES INC
SGY - STONE ENERGY CORP
CLD - Cloud Peak Energy Inc
NKTR - Nektar Therapeutics
BIL - SPDR LEHMN TBILL
CPX - COMPLETE PRODUCTION
LTBR - CUSTOM BRANDED NTWKS
BRY - BERRY PETROLEUM CO
RES - R P C INC
GPOR - Gulfport Energy Corp
SGEN - Seattle Genetics
CXO - Concho Resources Inc
SIGM - Sigma Designs, Inc.
AOI - DIMON INC
SM - Sm Energy Co
JAZZ - Jazz Pharmaceutical
PLCM - Polycom, Inc.
WCN - Waste Connections Inc
MG - Mistras Group
RGLD - Royal Gold, Inc.
MFN - Minefinders Corporation
DEPO - Depomed, Inc
RA - RailAmerica
AHD - Atlas Energy Lp
TWI - TITAN INTL INC
WGO - WINNEBAGO INDUSTRIES
INPH - Interphase Corporation
PTIE - Pain Therapeutics
BSFT - Broadsoft Inc
CLH - Clean Harbors, Inc.
SSYS - Stratasys, Inc.
IOC - Interoil Cp
EXAS - Exact Sciences
DQ - DAQO NEW ENERGY CORP
CRS - CARPENTER TECH CORP
HSNI - HSN Inc
SAFM - Sanderson Farms, Inc.
BCO - Brinks Company
FICO - Fair Isaac 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
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