Sunday, July 11, 2010

Stock Picks For Monday 12 July: Yahoo, DryShips, THQ, Baxter International

Yahoo (YHOO: 14.89 +0.29 +1.99%) traded higher on Friday as the Internet stocks continue to show strength. Friday’s high of $14.93 is resistance for Monday’s continuation move. If the stock can break through this level we should see strong volume as traders buy the stock. I’ll will watch YHOO closely on Monday.


THQ Inc (THQI: 4.43 +0.08 +1.84%) is bouncing off lows that were set this week and could be ready to move much higher. There is a good chance the stock will move higher next week. Resistance is $4.44, which reflects Friday’s high of the day. There could be very good upside in this trade, so keep a close eye on THQI for Monday.


DryShips (DRYS: 3.91 +0.19 +5.11%) has broken the trendline on the daily chart indicating a possible trend reversal. Volume was good and this could be a buy candidate.



Baxter International (BAX: 43.91 +0.52 +1.20%) has an interesting daily chart as the stock looks to be ready for a good upside move. The area comprehended between 44.63 and 45.85 represents a heavy resistance. Some selling pressure will appear at this levels ( RSI over 60) but I’m betting on a move up to $45. The stock closed up $0.52 or 1.20% Friday. It broke above Thursday’s high, which is another signal for an upside move. I’m planning to long in a break above $44.63.
Other stocks to watch:
Pattern is cup and handle
GG - GOLDCORP INC
TWX - AMERICA ONLINE INC
WIN - Windstream Corp
OXY - OCCIDENTAL PETROLEUM
YUM - TRICON GLOBAL REST INC
CMI - CUMMINS ENGINE CO INC
CCI - Crown Castle International
LRCX - Lam Research Corporation
SYY - SYSCO CORP
ADCT - ADC Telecommunications
EIX - EDISON INTERNATIONAL
WLL - WHITING PETROLEUM CP
RSG - REPUBLIC SERVICES INC
HP - HELMERICH & PAYNE INC
KNX - Knight Transportation
WERN - Werner Enterprises
NZ - Netezza Corp
SOLR - GT Solar International
CLX - CLOROX CO
WTR - PHILADELPHIA SUBURB
TAP - ADOLPH COORS CO
CXW - Corrections Corporation
CNI - CANADIAN NATL RAIL CO
HXL - HEXCEL CORP
CHD - CHURCH & DWIGHT CO INC
AXS - AXIS CAPITAL HLDGS LTD
PLCE - The Children’s Plac
O - Realty Income Corp
GWR - Genesee & Wyomi
PCH - POTLATCH CORP
DDAIF - Daimler
HDB - HDFC BANK LTD
THG - ALLMERICA FINANCIAL
HLF - HERBALIFE LTD
CLC - CLARCOR INC
LUFK - Lufkin Industries
AEC - ASSOC ESTATES RLTY
CPRT - Copart, Inc.

Pattern is ascending triangle
CYBS - CyberSource Corporation
LULU - lululemon athletica
AMCC - Applied Micro Circuits
GTI - GrafTech International
LCAPA - LIBERTY MED CP A
GEO - WACKENHUT CORRECTIONS
HUBG - Hub Group, Inc.

Earnings Announcements for Monday
ACIES CORP - ACIE.OB
Acme United - ACU
ALCOA Inc - AA
AMES NATL CORP - ATLO
AMR Corporation - AMR
AMREP - AXR
Arrow Financial - AROW
ARTS WAY MFG INC - ARTW
ASA LIMITED - ASA
Audiovox Corporation - VOXX
Bank of the Ozarks, Inc. - OZRK
Brookline Bancorp - BRKL
CCA Industries - CAW
CDC Software - CDCS
CENTRAL FED CORP - CFBK
Century Bancorp A - CNBKA
Cintas Corporation - CTAS
Comm Bancorp - CCBP
Commerce Bancshares, Inc. - CBSH
Consolidated-Tomoka Land - CTO
CSX Corporation - CSX
Dataram - DRAM
DPAC Technologies Corp. - DPAC.OB
Dynacq Healthcare, Inc. - DYII
Fidelity Southern Corporation - LION
First South Bancorp - FSBK
Guaranty Federal Bancshares - GFED
Heartland Express - HTLD
INDIA GLOBALIZATION CAP INC - IGC
Intellipharmaceutics International Inc. - IPCI
INTERVEST BANCSHARES CORP - IBCA
Joe’s Jeans Inc. - JOEZ
Kinder Morgan Energy Partners, L.P. - KMP
KINDER MORGAN MANAGEMENT LLC - KMR
LIFE PARTNERS HOLDINGS INC - LPHI
Meade Instruments Corporation - MEAD
MEDTOX Scientific, Inc. - MTOX
Merge Healthcare, Inc. - MRGE
MGIC Investment Corp. - MTG
MutualFirst Financial, Inc. - MFSF
National Bankshares - NKSH
National Beverage - FIZZ
Novellus Systems, Inc. - NVLS
Palm Harbor Homes - PHHM
POSCO - PKX
PREMIER SVC BK RIVERSIDE CALIF - PSBK.OB
Provident Bancorp - PBNY
PURECYCLE CORP - PCYO
Republic Bank - RBCAA
Riverview Bncp Inc - RVSB
RUE21 INC - RUE
Shaw Group Inc. - SHAW
SMARTHEAT INC - HEAT
Student Loan - STU
Suffolk Bancorp - SUBK
Tanzanian Royalty Exploration Corporation - TRE
TEL INSTR ELECTRS CORP - TIK
THE9 LTD - NCTY
TORTOISE ENERGY CAP CORP - TYY
UNION BANKSHARES INC - UNB
United Bancorp - UBCP
United Community Financial Corp. - UCFC
USA Truck - USAK
Value Line - VALU




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