Some technical setups for next week

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Rambus Inc. RMBS is currently trading below the 20d, 50d and 200d SMAs, and they are all sloping down. However, there are some bullish indicators as evidenced in the chart above. On the daily time-frame, the MACD-histogram is sloping up and the 7d EMA has just ticked up, indicating that the bears are losing momentum. The stochastic is also rising and approaching the equilibrium line. Daily RSI is sloping up and is near the equilibrium line as well. The stock is facing a key resistance at $14.57. I recommend a buy only when the stock breaches this resistance. A stop-loss should be placed at $13.18.

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Biolase Technology, Inc. BLTI looks good over $6.05 with volume. The short-term uptrend is intact and signals further bullishness on this stock.

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In line with my anticipation, Motorola Mobility Holdings Inc MMI gained on Friday accompanied with average volumes. The outlook remains positive for the stock as long as it rules above $24.19 ( 50d sma ). The stock finds an immediate support at $24.03 and resistance at $25.46. The daily chart shows that both the 20d sma and MACD-histogram are sloping upwards. This is a buy signal. Other supporting evidence to enter long is that the stochastic and RSI are moving upwards as well. I reiterate my buy recommendation.

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The short-term outlook for Newell Rubbermaid Inc. NWL is slightly bullish. Fresh long should be made only when the stock moves above $14.87. Be sure to use a stop loss at the recent low.

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DryShips Inc. DRYS - The daily chart shows that the daily MACD histogram and MACD line are rising. The 20d sma appears to be bottoming out. Daily stochastic and RSI are also rising. Hold your long position with stop loss at $3.83. Worth watching over $4.06.

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Other stocks to watch :

New 52-week low stocks

RIMM - Research in Motion
MRVL - Marvell Technology
GGB - GERDAU USA
LPS - Lender Processing S
CREE - Cree, Inc.
AUO - AU OPTRONICS CORP
RBCN - Rubicon Technology Inc
HOGS - Strong Technical Inc
LPL - LG Display Co
AMCC - Applied Micro Circuits
OCLR - Bookham Technology plc
AMSC - American Superconductor
PWRD - Perfect World Co Ltd
INFN - Infinera Corp
DEER - Deer Consumr Pdt
ELX - Emulex Corporation
CLGX - FIRST AMERICAN CORP
ENZN - Enzon, Inc.
BWP - BOARDWALK PIPELINE
ASIA - Asiainfo Linkage
VQ - Venoco Inc

New 52-week High stocks

CL - COLGATE-PALMOLIVE
TDC - Teradata Corp
BKS - BARNES & NOBLE INC
KKD - Krispy Kreme Doughn
DGX - QUEST DIAGNOSTICS INC
SBH - Sally Beauty Holding
JVA - COFFEE HOLDING CO INC
ONTY - Biomira Inc
PCYC - Pharmacyclics
ELS - MANUFACTURERS HOME
CALP - Caliper Life Science
BEC - BECKMAN COULTER INC
RURL - Rural/Metro Corporation
CHT - CHUNGHWA TELCOMM
NPO - ENPRO INDUSTRIES INC
NTRI - Nutri/System Inc
WPP - Wausau Paper
DLB - DOLBY LABORATORIES INC
CPTS - Conceptus, Inc.
PRE - PARTNER RE LTD
THG - ALLMERICA FINANCIAL
MBLX - Metabolix Inc

Earnings Announcements for Monday

B&H Ocean Carriers Ltd - BHO
Brooklyn Federal Bancorp Inc - BFSB
Deswell Industries Inc - DSWL
Ennis Inc - EBF
Gametech International Inc - GMTC
Gramercy Capital Corp - GKK
Kewaunee Scientific Corp - KEQU
National American University Holdings Incorporated - NAUH
Park Electrochemical Corp - PKE
Peoples Educational Holdings Inc - PEDH
Renren Inc. - RENN
RF Monolithics Inc - RFMI
Semileds Corp - LEDS
Synnex Corp - SNX
Tegal Corp - TGAL
Universal Security Instruments Inc - UUU

The following list show stocks whose MA(13) crossed above MA(50)

GSIC - GSI Commerce, Inc.
CVI - CVR Energy Inc
FTO - FRONTIER OIL CORP
COOL - ConnectivCorp
PXP - Plains Exploration
PWER - Power-One, Inc.
COCO - Corinthian Colleges
FTWR - FiberTower Corp
CZZ - Cosan Limited Cl A
OC - Owens Corning Inc
BRD - APOLLO GOLD CP
DYN - Dynegy Delaware Inc
VRGY - Verigy
CRK - COMSTOCK RESOURCES INC
MIND - Mitcham Industries
BGS - B&G Foods Inc
DRC - DRESSER-RAND GROUP INC
EXTR - Extreme Networks, Inc.
SWI - SolarWinds
CHTP - Chelsea Therapeutics
NSTC - NESS TECHNOLOGIES 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.

Thanks for visiting AC Investor Blog.

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Some technical setups for next week

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