Friday, June 25, 2010

Stock Picks For 25 June: Las Vegas Sands, Zions Bancorporation, Dell, Royale Energy, Force Protection, Yingli Energy

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Las Vegas Sands (LVS: 25.99 0.00 0.00%) opened strong but closed weak with above average volume. Selling pressure is picking up and a move below $25 would be bearish.
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Zions Bancorporation (ZION: 22.95 0.00 0.00%) has broken its bullish trend and technical indicators are turning lower again suggesting another leg down.
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Dell (DELL: 12.93 0.00 0.00%) failed to close above the resistance level of 14. This resulted in a sharp drop today. The recent price patterns suggest that the downward move on Friday could continue. A decline to the 12.36-12.78 range appears likely. A close below $12.36 would impart further weakness and would push the stock to the $11.6-$12 range.
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Royale Energy (ROYL: 2.09 0.00 0.00%) - Looking at the technical chart, we can see a Doji at the bottom after a steep downtrend. The next two days will confirm if a new uptrend will take place.
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Force Protection (FRPT: 4.06 0.00 0.00%) failed to follow-through to the upside after yesterday’s rally. Major support is now located at $3.99 while resistance is located at $4.29.
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The decline in Yingli Energy (YGE: 10.28 0.00 0.00%) over the last few days looks like a bull flag is in progress. This is a potentially bullish pattern that requires confirmation with an upside breakout.
Other stocks to watch :
News
AVAV - AeroVironment reports Q4 EPS 71c vs. consensus of 59c
HRB - H&R Block reports Q4 EPS $2.10 vs. consensus of $2.04
ORCL - Oracle reports Q4 adjusted EPS 60c vs. consensus of 54c
RIMM - Research in Motion reports Q1 EPS $1.38 vs. consensus of $1.34
SNX - SYNNEX Corporation reports Q2 EPS 70c vs. consensus of 68c
TIBX - Tibco reports Q2 EPS 15c vs. consensus of 13c
ACN - Accenture reports Q3 EPS 73c vs. consensus of 69c
Stocks that have a Bullish Engulfing pattern at the end of their daily chart
MI - MARSHALL & ILSLEY CORP
COCO - Corinthian Colleges
SRE - SEMPRA ENERGY
WEC - WISCONSIN ENERGY CORP
SJM - Smucker JM Co
HANS - Hansen Natural Corp
BRKR - Bruker Corp
HTS - Hatteras Financial
NBIX - Neurocrine Bioscien
FTNT - Fortinet Inc
SAFM - Sanderson Farms, Inc.
GEO - WACKENHUT CORRECTIONS
ICLR - ICON plc
HTLD - Heartland Express
BEC - BECKMAN COULTER INC
SLXP - Salix Pharmaceutical
Stocks that have a Bearish Engulfing pattern at the end of their daily chart
NLY - Annaly Capital Mana
SWKS - SKYWORKS SOLUTNS
GGB - GERDAU USA
TSO - Tesoro Corp
XLNX - Xilinx, Inc.
CCE - COCA COLA ENTERPRIS
TJX - TJX COMPANIES INC
TLB - TALBOTS INC
GNA - GERDAU AMERISTEEL CP
CRM - SALESFORCE.COM INC
UPL - ULTRA PETROLEUM CP
JCG - J CREW GROUP INC
AVGO - Avago Technologies
SAP - Sap Ag
BG - BUNGE LTD
FTE - France Telecom ADS
CHU - CHINA UNICOM LTD
AEZ - AMER OIL & GAS INC
SPWRB - SunPower Corp
BUD - Anheuser-Busch Inbe
SFSF - SuccessFactors Inc
OMN - OMNOVA SOLUTIONS INCQ
VPRT - Vistaprint Nv
SIGA - SIGA Technologies Inc.
ITRI - Itron, Inc.



Posted by suprastock at 6/25/2010 10:37:00 AM

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