( click to enlarge )
In just three weeks, Melco Crown Entertainment Ltd MPEL had gone up from $8 per share to its current value of $9.72, that's almost 20%. Today, the stock made a new 52-week high of $9.99. So far this year, the stock has soared over 60%. At this level the stock could go either way here depending on the markets mood but with high overbought conditions we should see a pull back soon. Overall the stock still in long term uptrend. First support is seen at yesterday's low of 8.97 cents and then at 8.81 cents.
Wynn Resorts, Limited WYNN also hit a new 52 week high of $141.34. Since the end of July 2010, the stock has been moving inside a bullish trend channel with the technical indicators showing a tremenous strength. KD is rising and MACD still above 0. In addition both 50 day EMA and 200 day EMA are both rising showing the stock would be in bull market for a while. I won't be surprised if a profit taking appear in the netx sessions due to the overbought conditions already reached. First support is seen at $136.20.
Las Vegas Sands Corp. LVS is another strongly trending stock. Yesterday, it broke out from the 6-month downtrend and could now hedge up higher. If it does, it could encounter some selling pressure at $47.10 resistance. If that hurdle gets cleared out, the next resistance could be $49.05. On the flip side the immediate support could be $43.50 ( its 50 day EMA ).
MGM Resorts International. MGM closed down 3.41% and has now the major support on its 200 day EMA at $12.51. The stock has been trading within a descending channel since January. Notice from the technical chart above that the only support that has been keeping the entire stock afloat was its 200-day moving average ( white line ) . With the stock still respecting this major long-term support the general technical view for the stock remains upbeat despite the sell-offs that we have been seeing here.
( click to enlarge )
Wynn Resorts, Limited WYNN also hit a new 52 week high of $141.34. Since the end of July 2010, the stock has been moving inside a bullish trend channel with the technical indicators showing a tremenous strength. KD is rising and MACD still above 0. In addition both 50 day EMA and 200 day EMA are both rising showing the stock would be in bull market for a while. I won't be surprised if a profit taking appear in the netx sessions due to the overbought conditions already reached. First support is seen at $136.20.
( click to enlarge )
Las Vegas Sands Corp. LVS is another strongly trending stock. Yesterday, it broke out from the 6-month downtrend and could now hedge up higher. If it does, it could encounter some selling pressure at $47.10 resistance. If that hurdle gets cleared out, the next resistance could be $49.05. On the flip side the immediate support could be $43.50 ( its 50 day EMA ).
( click to enlarge )
MGM Resorts International. MGM closed down 3.41% and has now the major support on its 200 day EMA at $12.51. The stock has been trading within a descending channel since January. Notice from the technical chart above that the only support that has been keeping the entire stock afloat was its 200-day moving average ( white line ) . With the stock still respecting this major long-term support the general technical view for the stock remains upbeat despite the sell-offs that we have been seeing here.
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Other stocks to watch :
Banner Corporation BANR - The stock is in the process of consolidating the recent downtrend breakout. According to Barron's article published today, the stock could be added to the Russell 3000.
New 52-week high stocks
IRM - IRON MOUNTAIN INC
SINA - sina.com
AMRN - Amarin Corporation
HK - Petrohawk Energy
BIDU - Baidu Inc
ELN - ELAN CORP P L C
BBBB - BLACKBOARD INC
SIFY - Sify Tech Lt ADR
REDF - Rediff Com
SOHU - Sohu.com Inc.
HTZ - Hertz Global Holdings
YOKU - Youku.com Inc.
LULU - lululemon athletical
LTD - LIMITED INC
QLIK - Qlik Technologies Inc
BBBY - Bed Bath & Beyond Inc.
DRE - DUKE-WEEKS REALTY CORP
FMCN - Focus Media Hldg
LBTYA - Liberty Global Inc
SINA - sina.com
AMRN - Amarin Corporation
HK - Petrohawk Energy
BIDU - Baidu Inc
ELN - ELAN CORP P L C
BBBB - BLACKBOARD INC
SIFY - Sify Tech Lt ADR
REDF - Rediff Com
SOHU - Sohu.com Inc.
HTZ - Hertz Global Holdings
YOKU - Youku.com Inc.
LULU - lululemon athletical
LTD - LIMITED INC
QLIK - Qlik Technologies Inc
BBBY - Bed Bath & Beyond Inc.
DRE - DUKE-WEEKS REALTY CORP
FMCN - Focus Media Hldg
LBTYA - Liberty Global Inc
PKD - PARKER DRILLING CO
WYNN - Wynn Resorts LTD
DGX - QUEST DIAGNOSTICS INC
PX - PRAXAIR INC
MOBI - Sky-mobi
NTES - Netease.com, Inc.
BIIB - IDEC Pharmaceutical
DVR - CAL Dive International
MOH - Molina Healthcare
IPGP - IPG PHOTONICS CORP
VELT - Velti PLC
UA - UNDER ARMOUR INC
CR - CRANE CO
MELI - MercadoLibre Inc
GA - Giant Interactive
RGLD - Royal Gold, Inc.
AKRX - Akorn, Inc.
WYNN - Wynn Resorts LTD
DGX - QUEST DIAGNOSTICS INC
PX - PRAXAIR INC
MOBI - Sky-mobi
NTES - Netease.com, Inc.
BIIB - IDEC Pharmaceutical
DVR - CAL Dive International
MOH - Molina Healthcare
IPGP - IPG PHOTONICS CORP
VELT - Velti PLC
UA - UNDER ARMOUR INC
CR - CRANE CO
MELI - MercadoLibre Inc
GA - Giant Interactive
RGLD - Royal Gold, Inc.
AKRX - Akorn, Inc.
Unusual volume in today's trading session
MDFI - Medefile International, Inc.
BIEL - BioElectronics Corporation
SKTO - SK3 Group, Inc.
ALTO - Alto Group Holdings
LLEG - Laidlaw Energy Group, Inc.
KOG - KODIAK OIL & GAS CP
AMRN - Amarin Corporation
IRM - IRON MOUNTAIN INC
RAI - RJ Reynolds Tobacco
HOG - HARLEY DAVIDSON INC
DANG - E-Commerce China Da
BBBB - BLACKBOARD INC
BLAP - Blast Applications, Inc.
REDF - Rediff Com
HRRN - HE-5 Resources Corporation
PLUG - Plug Power, Inc.
CHINA - CDC Corp
PAYD - Sales Online Direct
CXMSF - Cemex Sa Da Cv Cpo
FCSC - Fibrocell Science Inc
KUTV - HURRAY! HOLDING CO
PWRD - Perfect World Co Ltd
EAHC - EXPLORE ANYWHERE HLD
XSNX - XSUNX INC
ALNGF - Alange Energy Corp
WNYN - Warp 9, Inc.
ADAT - Authentidt Hldg
DRGV - Dragon Capital Group, Corp.
TI - TELECOM ITALIA
SMXMF - SAMEX MINING CP
ADMP - Cellegy Pharmaceutical
AIMH - AimRite Holdings Corporation
RWEOY - Rwe AG (Adr)
MOH - Molina Healthcare
TVIPF - TVI Pacific Inc
DANOY - GROUPE DANONE
GWTR - Global Water Technologies, Inc.
TNEN - AMERIPRINT INTL LTD
IGC - India Globalization
WWW - WOLVERINE WORLD WIDE
DIRV - Directview Hld
VTMS - QualSec
VIZS - VizStar Inc
CNVR - Convera Corporation
CCIH - ChinaCache Intl Hldg
SUHJY - Sun Hung Kai Proper
SKRRF - Scottish Re Group Ltd
SNDA - SHANDA INTERACTIVE
EMMS - Emmis Communication
BMI - Badger Meter Inc
BBDA - Bebida Beverage Company
SMI - SEMICONDUCTOR MFG I
XG - Extorre Gold Min
HEGIF - Hengan International Group Company Limited
ADHXF - Adherex Technologies
SDTH - Shengdatech
ADPT - Adpt Corp
GEGI - Genesis Electronics
USCS - USCORP
ELMG - EMS Technologies
NOVA - Novamed Inc
PHDZ - Phreadz Inc
RNGC - Ranger Gold Corp
VSYS - Viscount Systems Inc
ACUR - Halsey Drug Co Inc
Earnings Announcements for Wednesday
Abbott Laboratories - ABT
Acacia Research Corp - ACTG
Access National Corp - ANCX
Acme United Corp - ACU
Acura Pharmaceuticals Inc - ACUR
Align Technology Inc - ALGN
Alleghany Corp - Y
AMB Property Corp - AMB
American Express Co - AXP
Amgen Inc - AMGN
Amphenol Corp - APH
AMR Corp - AMR
Apple Inc - AAPL
Aptargroup Inc - ATR
Astoria Financial Corp - AF
AT&T Inc - T
ATMI Inc - ATMI
Autoliv Inc - ALV
Bancfirst Corp - BANF
Basic Energy Services Inc - BAS
BJ'S Restaurants Inc - BJRI
Boston Scientific Corp - BSX
Capital Product Partners LP - CPLP
Cathay General Bancorp - CATY
Central Valley Community Bancorp - CVCY
Cepheid - CPHD
Cheesecake Factory Inc - CAKE
China Ceramics Co Ltd - CCCL
Chipotle Mexican Grill Inc - CMG
Citizens And Northern Corp - CZNC
CoBiz Financial Inc - COBZ
Cohen and Steers Inc - CNS
Cohu Inc - COHU
Community Trust Bancorp Inc - CTBI
Community West Bancshares - CWBC
Computer Programs And Systems Inc - CPSI
Consolidated Tomoka Land Co - CTO
Covanta Holding Corp - CVA
CVB Financial Corp - CVBF
Cypress Sharpridge Investments Inc - CYS
Datalink Corporation - DTLK
Donegal Group Inc - DGICA
E*Trade Financial Corp - ETFC
Eaton Corp - ETN
Edwards Lifesciences Corp - EW
Elmira Savings Bank - ESBK
EMC Corp - EMC
Enterprise Bancorp Inc - EBTC
Exponent Inc - EXPO
F5 Networks Inc - FFIV
First Bancorp Inc - FNLC
First Cash Financial Services Inc - FCFS
First Commonwealth Financial Corp - FCF
First Community Corp - FCCO
First Republic Bank - FRC
Forward Air Corp - FWRD
Freeport Mcmoran Copper and Gold Inc - FCX
Gardner Denver Inc - GDI
Gilead Sciences Inc - GILD
Greenhill & Co Inc - GHL
Hanesbrands Inc - HBI
Hingham Institution for Savings - HIFS
Home Federal Bancorp Inc Of Louisiana - HFBL
Hudson City Bancorp Inc - HCBK
Huntington Bancshares Inc - HBAN
Kinder Morgan Energy Partners LP - KMP
Knight Capital Group Inc - KCG
Knight Transportation Inc - KNX
Lam Research Corp - LRCX
LIN TV Corp - TVL
LodgeNet Interactive Corp - LNET
Lufkin Industries Inc - LUFK
Malvern Federal Bancorp Inc - MLVF
Marriott International Inc - MAR
Marshall and Ilsley Corp - MI
Media General Inc - MEG
Metalink Ltd - MTLK
Mgic Investment Corp - MTG
Microfinancial Inc - MFI
Mks Instruments Inc - MKSI
Monarch Casino and Resort Inc - MCRI
MutualFirst Financial Inc - MFSF
Myers Industries Inc - MYE
NASDAQ OMX Group Inc - NDAQ
Navios Maritime Partners LP - NMM
NB&T Financial Group Inc - NBTF
Newmarket Corp - NEU
Noble Corp - NE
Noranda Aluminum Holding Corp - NOR
OceanFirst Financial Corp - OCFC
Oriental Financial Group Inc - OFGN
Peoples United Financial Inc - PBCT
Phazar Corp - ANTP
Piper Jaffray Companies - PJC
Pixelworks Inc - PXLW
Plexus Corp - PLXS
Polaris Industries Inc - PII
Qualcomm Inc - QCOM
Quest Diagnostics Inc - DGX
Raymond James Financial Inc - RJF
Renaissance Learning Inc - RLRN
RSC Holdings Inc - RRR
Rush Enterprises Inc - RUSHB
S Y Bancorp Inc - SYBT
Select Comfort Corporation - SCSS
SLM Corp - SLM
Superior Bancorp - SUPR
Temple Inland Inc - TIN
Tennessee Commerce Bancorp Inc - TNCC
Terex Corp - TEX
Texas Capital Bancshares Inc - TCBI
Textron Inc - TXT
Torch Energy Royalty Trust - TRU
Tower Bancorp Inc - TOBC
Tractor Supply Co - TSCO
Union Pacific Corp - UNP
United Technologies Corp - UTX
USA Truck Inc - USAK
USG Corp - USG
Vimicro International Corp - VIMC
Virgin Media Inc - VMED
Virginia Commerce Bancorp Inc - VCBI
W V S Financial Corp - WVFC
Walter Energy Inc - WLT
Wells Fargo & Co - WFC
Werner Enterprises Inc - WERN
Western Digital Corp - WDC
Westwood Holdings Group Inc - WHG
Wintrust Financial Corp - WTFC
WNS Holdings Ltd - WNS
Yum! Brands Inc - YUM
Zanett Inc - ZANE
Zhone Technologies Inc - ZHNE
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.
Thanks for visiting AC Investor Blog.
AC
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