Stock Picks For Wednesday 16 June: Rambus, Ocean Freight, Force Protection, Teradyne, JA Solar

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JA Solar (JASO: 5.13 0.00 0.00%) made a nice move today, but the volume could have been better. From a technical standpoint the stock, the stock crossed and closed above its 200 day MA on the daily chart for the first time since the beginning of the month. MACD has generated a buy signal and KD rising we should see stock now starting to go up again. I still like this stock and will continue to watch it for the next few days. The major resistance lies at $5.25 and if this level is breached than the next target would be $5.55 ( 50 day MA ).

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Teradyne (TER: 11.77 0.00 0.00%) has broken out from a major resistance line as it closed today at $11.77 per share. It had taken out its 50-day MA at 11.46 and we may possibly be seeing the price heading towards the 12.28 resistance this week. Over the last 52 weeks the stock has ranged from a low of $5.96 to a high of $13.37.

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Force Protection (FRPT: 4.28 0.00 0.00%) has been on a nice up move and looks like it wants to go higher. I like that the stock is consolidating and I expect to see a move soon. Resistance stays at $4.40, which is a big area that the stock needs to break. Watch FRPT again on Wednesday, and once it breaks resistance we should see a strong upside move.

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Ocean Freight (OCNF: 0.4694 0.00 0.00%) took off today and I will be watching the stock on Wednesday for a follow through move. Since OCNF is a cheaper stock, it has a habit of making very fast moves. The stock has resistance at $0.49, which was the high of Monday. I expect to see the stock test resistance within the next few days.

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Rambus (RMBS: 18.98 0.00 0.00%) - The stock is trying to regain the ground that it lost last week but it’s a difficult task. From a technical perspective, the stock has the opportunity to start new rally as %K line is back above %D line. However since RMBS overall is still weak as the MACD is still below 0 and the stock is below the 50 day MA, wait on the sideline for now before making any investment decision.

Earnings Announcements for Wednesday

Anchor BanCorp Wisconsin - ABCW
CHINA METRO-RURAL HLDGS LTD - CNR
Culp, Inc. - CFI
DPAC Technologies Corp. - DPAC.OB
FedEx - FDX
Franklin Credit Management Corp. - FCMC.OB
FUQI INTERNATIONAL INC - FUQI
GameTech International - GMTC
IHS Inc. - IHS
RAND LOGISTICS INC - RLOG

Unusual volume Detected

POPN - Pop N Go Inc
PMAH - PlasmaTech Inc
DTRO - Deltron Inc
IFLG - InfoLogix Inc
NLST - NETLIST INC
EGOH - Eagle Oil Holding C
ITIG - Intelligroup, Inc.
CMFO - China Marine Food G
SUWN - SUNWIN INTL NEUTRAC
MMPIQ - Meruelo Maddux Prop
CCRT - Comp Cr Hldg Crp
MTXX - Matrixx Initiatives
ISIM - Insight Management
CAAEF - Canacol Energy Ltd
MBYL - Endeavor Exploration
BCDRF - Banco Santander SA
SKRRF - Scottish Re Group Ltd
MNCN - Mach One
SRLMQ - STERLING MNG CO
ADG - Allied Defense Group
SWHN - Swissinso Holdng
GEYI - Global Energy Inc
VBRE - Benacquista Galleri
DGRDP - Digital Realty Trust
SPHT - Secure Path Tech

Pattern is cup and handle

GDX - MKT VECT GOLD MNRS
AAI - AirTran Holdings, Inc
CYBS - CyberSource Corporation
CTRP - CTRIP.COM INTL LTD ADS
LO - Lorillard Inc
AVGO - Avago Technologies
ADCT - ADC Telecommunications
NHP - NATIONWIDE HLTH PRO
MENT - Mentor Graphics Corporation
CPX - COMPLETE PRODUCTION
DDAIF - Daimler
PLCE - The Children’s Plac
EGY - Vaalco Energy Inc
RT - RUBY TUESDAY INC GA
ALSK - Alaska Communications
ANSS - ANSYS, Inc.
ACGL - Arch Capital Group Ltd
BLT - BLOUT INTERNATIONAL
AFFY - Affymax Inc

Stocks that have a Bullish Engulfing pattern at the end of their daily chart

NWSA - News Corp
GLW - CORNING INC
NWS - News Corp Ltd
KFT - KRAFT FOODS INC
POT - POTASH CORP SASKATC
EWA - WEBS Australia
AMZN - Amazon.com, Inc.
GOOG - GOOGLE INC CL A
CDNS - CADENCE DESIGN SYS INC
VSH - VISHAY INTERTECH INC
KLIC - Kulicke and Soffa I
TIBX - TIBCO Software, Inc.
LPL - LG Display Co
CCI - Crown Castle International
MDZ - MDS Inc
IMA - Inverness Medical T
FRG - Fronter Gold Inc
JAG - JAGUAR MINING INC
THS - TREEHOUSE FOODS INC
HANS - Hansen Natural Corp
TWI - TITAN INTL INC

New 52-week High stocks

LCC - US AIRWAYS GROUP INC
SNDK - SanDisk Corporation
EP - EL PASO CORP
UAUA - UAL CORP
NTAP - NetApp Inc
SBUX - Starbucks Corporation
CAL - CONTINENTAL AIRLINES
GIS - GENERAL MILLS INCORPORATION
AKAM - Akamai Technologies
CTRP - CTRIP.COM INTL LTD ADS
ARUN - Aruba Networks Inc
CROX - CROCS INC
NVLS - Novellus Systems, Inc.
COH - Coach Inc
ESRX - Express Scripts, Inc.
VMW - VMWARE INC CLASS A
ARMH - ARM Holdings, plc
ABC - AMERISOURCEBERGEN CORP
VQ - Venoco Inc
FST - FOREST OIL CORP
OVTI - OmniVision Technolo
ARBA - Ariba, Inc.
IT - GARTNER GROUP INC
RBCN - Rubicon Technology Inc
SKX - SKECHERS USA INC
VTR - Ventas Inc
MELI - MercadoLibre Inc
DLTR - Dollar Tree Inc
HNT - Health Net Inc
CMG - CHIPOTLE MEXICAN GR
BRFS - Brf-Brasil Foods
SRCL - Stericycle, Inc.
TK - Teekay Co
AAP - ADVANCE AUTO PARTS INC
NHP - NATIONWIDE HLTH PRO
MIG - MEADOWBROOK INS GRO
MIL - MILLIPORE CORP
RNR - RENAISSANCE RE HLDG
THS - TREEHOUSE FOODS INC

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