Tuesday, June 22, 2010

Stock Picks For Tuesday 22 June: Sirius XM Radio, Synaptics, Alcoa, Yingli Green Energy



Sirius XM Radio, Synaptics, Alcoa, Yingli Green Energy



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Sirius XM Radio (SIRI: 1.08 0.00 0.00%) has been under pressure recently but in the last sessions the stock reversal its trend. The stock had a very bullish action in the last two weeks rebounding nearly 20 percent of the recent downward move. The stock closed in today’s session at $1.08 with gains of 3.85%. Looking at the technical chart, the stock is currently in a short-term uptrend. It has resistance at $1.13 and then at $1.23. On the downside, it has strong support around $1.03 to $1 levels. If these levels are broken, then the trend would become down. Continue to watch SIRI because the stock should give us an opportunity for a trade soon.
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Synaptics (SYNA: 29.27 0.00 0.00%) traded higher today, after the stock received an analyst upgrade. $30.50 is resistance for the continuation move. This upside move in a weak market tells us there are buyers for SYNA. The technical daily chart shows the stock has just entered into a bull market as the stock is now on top of 50-day moving average and 200 day moving average. In addition , the 50-dma has crossed on top over 200-dma in April forming the Golden Cross, a very positive sign.
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Alcoa (AA: 11.72 0.00 0.00%) had a strong day as the stock closed up $.61 on heavy volume. Monday’s high of $12.12 is now resistance for the continuation move that should occur very soon. I’m a buyer of AA once it breaks resistance, as I expect to see a strong upside move.
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Yingli Green Energy (YGE: 10.50 0.00 0.00%) - The stock has been in a range over the past six trading days. YGE looks like it wants to breakout of this range, but has not been able to gain the needed momentum. Today’s high of $10.87 is the top of this range, which makes it resistance for the breakout move. You should keep this stock on your screen radar.
Stocks that have a Bearish Engulfing pattern at the end of their daily chart
MSFT - Microsoft Corporation
MRVL - Marvell Technology
WMT - Wal-Mart Stores Inc
AUY - YAMANA GOLD INC
GDX - MKT VECT GOLD MNRS
SD - Sandridge Energy Inc
OXY - OCCIDENTAL PETROLEU
SYMC - Symantec Corporation
SWKS - SKYWORKS SOLUTNS
MYL - Mylan Inc
DNDN - Dendreon Corporation
JBLU - JetBlue Airways Corporation
KGC - KINROSS GOLD CORP
XLNX - Xilinx, Inc.
APA - APACHE CORP
BBBY - Bed Bath & Beyond Inc.
GPN - GLOBAL PAYMENTS INC
EXC - EXELON CORPORATION
TJX - TJX COMPANIES INC
SQM - Sociedad Quimica
PEG - Public Service Elec
SO - SOUTHERN CO
PGR - PROGRESSIVE CORP
FRX - FOREST LABORATORIES
HMY - HARMONY GOLD MINING
NWL - NEWELL RUBBERMAID INC
NVE - SIERRA PACIFIC RESOURCES
NKE - NIKE INC CL B
ARO - AEROPOSTALE INC
STR - QUESTAR CORP
AINV - APOLLO INVT CORP
TQNT - TriQuint Semiconductor
SVM - Silvercorp Metal
SRE - SEMPRA ENERGY
MCHP - Microchip Technolog
CELG - Celgene Corporation
AN - AUTONATION INC
VIV - Telesp Celular Part
SY - Sybase Inc
XEC - Cimarex Energy Co
MJN - Mead Johnson Nutrition
PAAS - Pan American Silver
FPL - Nextera Energy
EL - ESTEE LAUDER COMPANIES
AGQ - ProShares Ultra Silver
KLIC - Kulicke and Soffa
LEAP - LEAP WIRELESS INTL
New 52-week High stocks
LVS - LAS VEGAS SANDS CP
AIPC - AMERICAN ITALIAN PA
AAPL - Apple Inc
CRUS - Cirrus Logic, Inc.
SNDK - SanDisk Corporation
EP - EL PASO CORP
NTAP - NetApp Inc
EGO - ELDORADO GOLD CP
SBUX - Starbucks Corporation
SWKS - SKYWORKS SOLUTNS
TIE - TITANIUM METALS CORP
CTRP - CTRIP.COM INTL LTD ADS
IR - INGERSOLL RAND CO
AMT - AMERICAN TOWER CORP
CROX - CROCS INC
CMI - CUMMINS ENGINE CO INC
NGD - DRC RESOURCES CP
MTB - M & T BANK CORP
PEG - Public Service Elec
SUN - SUNOCO INC
AKAM - Akamai Technologies
CAL - CONTINENTAL AIRLINES
ENTR - Entropic Communications
VRSN - VeriSign, Inc.
CRM - SALESFORCE.COM INC
New 52-week Low stocks
AFFY - Affymax Inc
NOK - NOKIA CORP
COCO - Corinthian Colleges
GXDX - Genoptix Inc
MYGN - Myriad Genetics, Inc.
SYKE - Sykes Enterprises
List of stocks whose MA 13 crossed above the MA 50 ( Bullish Cross )
AIPC - AMERICAN ITALIAN PA
SU - SUNCOR ENERGY INC
OXY - OCCIDENTAL PETROLEU
MHS - MEDCO HEALTH SOLUTION
EFJI - Ef Johnson Tech
SBAC - SBA Communications
CPE - CALLON PETROLEUM CO
TPX - TEMPUR-PEDIC INTL INC
FMX - FOMENTO ECONOMICO M
COO - COOPER COS INC NEW
List of stocks whose volume has spiked 250% or more above its average daily volume
BVF - BIOVAIL CORPORATION
AIPC - AMERICAN ITALIAN PA
CYPB - Cypress Bioscience
ABHI - AmbiCom Holdings Inc
DMAT - Dematco Inc
MTRO - Metro One Development
CYRV - CRYSTAL RIVER CAPIT
OOGI - Odysey Oil Enrgy
CWLZ - Cowlitz Bancorp
ICPRE - ICP Solar Technolog
DALXF - Dualex Energy Intl Inc
EAG - American Defense Sy
SPMI - SPEEDEMISSIONS INC
DIGI - Digitiliti Inc

Posted by suprastock at 6/22/2010 10:22:00 AM

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