Thursday, July 22, 2010

Stock Picks For Thursday 22 July: Motorola, American Oriental Bioengineering, Somaxon Pharmaceutical, Royale Energy, Hemispherx Biopharma, Generex Biotechnology


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American Oriental Bioengineering (AOB: 2.42 0.00 0.00%) - The stock has been on a deep downtrend, falling from a high of $6.38 down to its current price of around $2.42. The technical chart indicates that stock seems to be stabilizing. The volume has been quite modest, however the stochastics are oversold which could power the rally that I think is coming. I’m a buyer of AOB once it breaks $2.49 for a possible breakout move. The stock could have good upside potential, so watch the stock closely on Thursday.
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Look at Motorola’s (MOT: 7.91 0.00 0.00%) wonderful chart ! The stock has been extremely Bullish over the past few days, and I believe it will keep moving up. The MACD is bullish and look for it to strengthen if the stock sees more volume. MOT has resistance at the $8-8.10 range, which is where it hit on Tuesday. I’m a buyer of MOT once it breaks through this level as we expect to see the stock test the range high of $8.67.
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Somaxon Pharmaceutical (SOMX: 3.44 0.00 0.00%) is trading higher after hours, after the company announced that detailed results from two Phase 3 clinical trials of the company’s product Silenor-R, doxepin, have been accepted for publication in peer-reviewed scientific journals. Both doses of Silenor achieved statistical significance for objective measures of sleep maintenance in the sleep laboratory setting, including the primary endpoint of Wake After Sleep Onset, or WASO, and for subjective measures of sleep maintenance and sleep onset in the outpatient setting. I expect the stock to gap higher on Thursday due to this good news. SOMX has been trading in a downtrend channel the past few weeks and should break any time soon. The high of this channel is $3.96, which is resistance for my buy point. I think the stock will have a lot of volume on Thursday and if it holds up, will give you many trading opportunities.

Other stocks to watch :
Royale Energy (ROYL: 1.90 0.00 0.00%) - The stock continues the oversold bounce which started two trading sessions ago. The stock will now be facing some resistance located between $1.97 - $2. A close above 2 would be very bullish.
Hemispherx Biopharma (HEB: 0.493 0.00 0.00%) - The stock appears to be stabilizing and is in a mini uptrend. I am watching out for a close above 50 cents.
Generex Biotechnology (GNBT: 0.341 0.00 0.00%) - Resistance is now $.36 which is the 50 day moving average. A close back above the 50 day MA would be bullish.

Unusual Volume detected
GCA - GLOBAL CASH ACCESS
STTN - Smart-Tek Solutions Inc.
WWEI - WELWIND ENERGY INTL
URI - UNITED RENTALS INC
CMTL - Comtech Telecommunication
JMON - JAMES MONROE CAPITAL
SMFJY - SUMITOMO MITSUI FIN
CYT - CYTEC INDS INC
ATAC - ATC Tech Corp
ARGC - Artepharm Global Corp
MSGI - MSGI Security
AFSE - I Crystal Inc
PUK - PRUDENTIAL PLC
CSUN - China Sunergy Co Ltd
LPIH - Longwei Petroleum I
HDUP - HeadsUp Entertainment
SNT - Senesco Technologies
DEAR - Dearborn Bancorp, Inc.
HBHC - Hancock Holding Com
PNFP - Pinnacle Financial
LECBF - LEPANTO CONS MNG CO
VSAT - ViaSat, Inc.
GGAL - Grupo Financiero Ga
APDN - APPLIED DNA SCIENCE
TWWI - Z Yachts Inc
SILA - Gold Ameri Minng
GNXP - Guinness Exploration
CPII - CPI INTERNATIONAL
EMAN - eMagin Corp
SHOR - ShoreTel Inc
VCTZF - Valcent Products Inc
EBIG - EastBridge Investment
PSID - VeriChip Corp

New 52-week High stocks
CRUS - Cirrus Logic, Inc.
Q - QWEST COMM INTL INC
VMW - VMWARE INC CLASS A
CPX - COMPLETE PRODUCTION
INTU - Intuit Inc.
PWER - Power-One, Inc
DPS - DR Pepper Snapple G
VSH - Vishay Intertechnology
HXL - HEXCEL CORP
HCP - HCP Inc
ARUN - Aruba Networks Inc
WCN - Waste Connections Inc
EPD - ENTERPRISE PRODUCTS
CYBS - CyberSource Corporation
VSAT - ViaSat, Inc.
RAI - RJ Reynolds Tobacco
LINE - LINN ENERGY LLC UTS
WTR - PHILADELPHIA SUBURB
AME - AMETEK INC NEW
SKT - TANGER FCTRY OUTLET
LFL - Lan Airlines
AAP - ADVANCE AUTO PARTS INC
RES - R P C INC
VQ - Venoco Inc

New 52-week Low stocks
GILD - Gilead Sciences, Inc.
JNJ - JOHNSON & JOHNSON
SPIL - Siliconware Precisi
RHHBY - Roche Holding Ltd S
VSEA - Varian Semiconductor
WL - WILMINGTON TRUST CORP
WTNY - Whitney Holding Cor
ATHN - athenahealth Inc
WOOF - VCA Antech, Inc
BXS - BANCORPSOUTH INC
SLF - Sun Life Fincl Inc
NMR - NOMURA HOLDINGS
RECN - Resources Connection
ORN - Orion Marine Group Inc
TRST - TrustCo Bank Corp NY

List of stocks whose OBV has been increasing over the last 3 days
HOG - HARLEY DAVIDSON INC
CBG - CB RICHARD ELLIS GR
ADSK - Autodesk, Inc.
CPX - COMPLETE PRODUCTION
RDN - RADIAN GROUP INC
GT - GOODYEAR TIRE & RUB
PCAR - PACCAR Inc
HRB - BLOCK H & R INC
DNDN - Dendreon Corporation
CNX - CONSOL Energy Inc
SWK - Stanley Blk&Dckr
RCL - ROYAL CARIBBEAN CRU
TEX - TEREX CORP
SOLF - Solarfun Power Hold
CYT - CYTEC INDS INC
ETN - EATON CORP
HON - HONEYWELL INTERNATIONAL
CEPH - Cephalon, Inc.
FE - FIRSTENERGY CORP
SCCO - Southern Copper Cp
WSM - WILLIAMS SONOMA INC
LDK - LDK Solar Co Ltd
DF - DEAN FOODS INC
RSG - REPUBLIC SERVICES INC
MPEL - Melco Crown Adr
MBI - M B I A INC
ANR - ALPHA NATURAL RESOURCES
BUCY - Bucyrus Intl
JNS - Janus Capital Group
CTL - Centurylink Inc
ABB - ABB LTD
TASR - TASER International
CMI - CUMMINS ENGINE CO INC
NFLX - Netflix, Inc.
TQNT - TriQuint Semiconductor
JNK - SPDR Lehman High Yi
IVN - IVANHOE MINES LTD ORD
IR - INGERSOLL RAND CO
NTY - NBTY, Inc.
HXL - HEXCEL CORP
BPO - BROOKFIELD PROPERTIES
APH - AMPHENOL CORP
CENX - Century Aluminum Co
AXL - American Axle and M
DYN - Dynegy Delaware Inc
QLGC - QLogic Corporation
MAN - MANPOWER INC WIS

Posted by suprastock at 7/22/2010 01:01:00 PM

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