China Natural Gas, Inc. CHNG - China Natural Gas Chairman enters into exclusivity with private equity consortium for take-private transaction at proposed price of $4.25/share cash. The stock closed at a price of $3.82, a moderate change of 10% from its previous day's close. This stock has a short interest ratio of 4.5 based on average daily volume of 200,962 shares and 1.2 million shares short. I guess this deal will force these short traders to cover their positions, and we may see a short squeeze play out.
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Newmont Mining Corporation NEM has recovered nicely this week and can potentially set-up very well for a swing-trade if the stock breaks through the resistance level at $54.54. Technical indicators are becoming more favorable with MACD and Stochastics starting to turn up. There could be good upside in this trade, so watch NEM closely on Friday.
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In line with my anticipation, NetApp Inc. NTAP confirmed today the reversal when it broke up above the $51.50 level. The stock price is now riding on an upward movement. Technically, my model remains long, targeting $55.33. Immediate support is seen at $50 area. NTAP can be a good trading stock, so watch it closely on Friday.
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FormFactor, Inc. FORM setting up for higher prices, 200 day EMA is key to break thru. As I mentioned on Twitter, I keep holding my long position in FORM waiting for something BIG. Special points of interest on daily chart : The stock has formed a very crucial and strong support at $8.50 levels and is trading above that level. Money flow index is showing the bullish picture and MACD is showing a positive divergence.
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Other stocks to watch :
New 52-week High stocks
V - VISA Inc
CBS - CBS Cl B
KFT - KRAFT FOODS INC
MPEL - Melco Crown Adr
ARIA - ARIAD Pharmaceutical
SOLR - GT Solar International
SBUX - Starbucks Corporation
DFS - Discover Financial ...
DISH - Dish Network A
XLNX - Xilinx, Inc.
DTV - Directv A
MCD - MCDONALDS CORP
WOR - WORTHINGTON INDS INC
FAST - Fastenal Company
FTO - FRONTIER OIL CORP
AVGO - Avago Technologies
ENTG - Entegris, Inc.
NSC - NORFOLK SOUTHERN CORP
FTNT - Fortinet Inc
MKC - MCCORMICK & CO INC
UNP - UNION PACIFIC CORP
CI - C I G N A CORP
CE - CELANESE CORPORATION
HOC - Holly Cp
GMCR - Green Mountain Coffee
KSU - Kansas City Southern
CVI - CVR Energy Inc
ABV - Companhia de Bebidas
CHKP - Check Point Software
PX - PRAXAIR INC
AFFX - Affymetrix, Inc.
DLTR - Dollar Tree Inc
TIF - TIFFANY AND CO
GR - BF GOODRICH CO
CRZO - Carrizo Oil & Gas
BBBY - Bed Bath & Beyond Inc.
SIAL - Sigma-Aldrich Corporation
CNI - CANADIAN NATL RAIL CO
TDC - Teradata Corp
MRX - MEDICIS PHARM CORP
CTAS - Cintas Corporation
AZPN - Aspen Technology, Inc.
ECL - ECOLAB INC
FOSL - Fossil, Inc.
SIG - Signet Jewelers
SREV - ServiceSource International
IACI - IAC InterActiveCorp
VFC - V F CORP
WPI - WATSON PHARMACEUTICALS
BEN - FRANKLIN RESOURCES INC
ASCA - Ameristar Casinos
CRS - CARPENTER TECH CORP
GWW - WW Grainger Inc
GLBC - GLOBAL CROSSING LTD
ULTA - Ulta Salon Cosmetic
ST - Sensata Technologies
FLO - FLOWERS INDUSTRIES INC
VOLC - VOLCANO CORPORATION
BR - Broadridge Financial
COO - COOPER COS INC NEW
BEAV - BE Aerospace, Inc.
ELGX - Endologix Inc
R - Ryder System Inc
LPSN - LivePerson, Inc.
LLL - L3 Comm
PNR - PENTAIR INC
CVLT - CommVault Systems Inc
BRY - BERRY PETROLEUM CO
QLIK - Qlik Technologies Inc
TDG - Transdigm Group Inc
CALP - Caliper Life Science
UAN - CVR Partners
TW - WATSON WYATT WLD
POL - PolyOne Corp
SNA - SNAP ON INC HOLDING CO
SCSS - Select Comfort Corp
CLB - CORE LABORATORIES N V
DK - DELEK US HOLDINGS INC
ASNA - Ascena Retail Group
XTXI - CROSSTEX ENERGY INC
GNC - Gnc Holdings
OCN - OCWEN FINANCIAL CORP
AVA - AVISTA CORP
GIB - CGI GROUP INC
CLUB - Town Sports International
EZPW - EZCORP, Inc.
EE - El Paso Electric Co
CHT - CHUNGHWA TELCOMM
WCG - WELLCARE HEALTH
PODD - Insulet Corp
HI - Hillenbrand Inc
RBN - ROBBINS & MYERS INC
RIGL - Rigel Pharmaceutical
FMX - FOMENTO ECONOMICO M
CSH - CASH AMERICA INTL INC
BBG - Bill Barrett Corp
AEA - ADVANCE AMER CSH AD
CONN - CONN'S INC
CPHD - CEPHEID
BF.B - Brown-Foreman Class B
SLH - Solera Holdings Inc
ICLK - Customer Acquisition
CATM - Cardtronics Inc
RURL - Rural/Metro Corporation
OMG - O M GROUP INC
CLC - CLARCOR INC
New 52-week Low stocks
CREE - Cree, Inc.
WBMD - Webmd Health Crp
PVA - PENN VIRGINIA CORP
NKTR - Nektar Therapeutics
BMTI - BIOMIMETIC THERAPEUT
Earnings Announcements for Friday
Bmb Munai Inc - KAZ
Highway Holdings Ltd - HIHO
Providence And Worcester Railroad Co - PWX
Rada Electronic Industries Ltd - RADA
Simulations Plus Inc - SLP
Unusual volume in today's trading session
CAAH - Sense Holdings Inc
V - VISA Inc
WTFS - Xinde Technology
ABAT - Buy It Cheap.com Inc
SYNM - Syntroleum Corporation
HAFC - Hanmi Financial
RBY - RUBICON MINERALS CP
EBIX - Ebix Inc
SNI - SCRIPPS NETWORKS INT
CLKZ - Clicker Inc
TRST - TrustCo Bank Corp NY
HNSN - Hansen Medical Inc
PTN - Palatin Technologies
ALAN - Alanco Technologies
LYSCF - LYNAS Corporation Ltd
BIL - SPDR LEHMN TBILL
EDIG - E Digital Corp
WOR - WORTHINGTON INDS INC
ADXS - ADVAXIS INC
GISV - Uintah Mtn Copper Co
CBAK - China BAK Battery
MERC - Mercer International
CORT - CORCEPT THERAPEUTIC
GGR - Suite101.com Inc
TWDL - Texas Wyoming Drill
RITT - RIT Technologies Ltd.
ASTI - ASCENT SOLAR TECH
VCRT - Vicor Technologies Inc
BNTNF - Bontan Corp
TLON - Hana Biosciences
XPRT - LECG CP
NEWN - New Energy Sys
LBIX - Leading Brands Inc
EMIS - Emisphere Tech
JWCA - JWC Acquisition Corp
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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