` Gary Investing Blog: November 2012

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Thursday, November 29, 2012

Stocks to Watch on Nov 30: APP, APPL, GDOT, NFLX, TIVO


 American Apparel, Inc (AMEX: APP) formed a shooting star today, which could be bearish. But, since MACD is just crossed and CMF is recovering. I think the 200 day moving average should give a decent support. APP is on my radar.

 Green Dot Corp (NYSE: GDOT) has filled the previous gap, not far away from $13.59 high. Crossing $13.59 would send the stock on fire. Mind for high RSI reading thou.

 Netflix, Inc (NASDAQ: NFLX) broke the ascending triangle from below and CMF crossed below, which are bearish signals. I have already sold my shares.

TiVo, Inc (NASDAQ: TIVO) Its first time not to drop after earning reports since 2012 Q1. Nice jump today with huge volume. Bbands is widening with accelerating CMF reading. Long setup. Congras for those who follows my twits.


Apple, Inc (NASDAQ: APPL) today has opened, as well as closed above the little pennant formed, a sign for trend continuation. My short term target of $620 still holds. However, mind for a 50 moving average cross down.

Wednesday, November 28, 2012

Stocks to Watch on Nov 29: DDD, GRPN, TLAB, APP, TIVO

 

American Apparel, Inc. (AMEX: APP) have closed above $1 benchmark at $1.02. However, today's candlestick is a harami. I expect a pullback to $1.00 before any further action; therefore, $1.00 could be a great entry level.


 
 3D System Corp. (NYSE: DDD) jumped 6.90% made a new 52w high with decent volume, breaking above the channel I have drawn yesterday. Trend is accelerating as mentioned. A touch of upper Bband after a consolidation signals an uptrend continues. I still long DDD. I have moved my stop up to $45.00.

 
Groupon, Inc (NASDAQ: GRPN) My outlook stays the same for this stock, as a bottom play candidate. Please refers to my yesterday's post for more. My next ST target is $5.00 (just a round number before previous high $5.50)

 
 
TiVo. Inc (NASDAQ: TIVO) has made a new high today, reporting Q3 results with surprise. Again, as in DDD, after a narrow Bbands, a touch of the upper band signals an uptrend. However, TIVO declines by 5% after hours, so definitely, put it on your radar to see how TIVO performs tomorrow.

 
 
Tellabs, Inc (NASDAQ: TLAB) As I mentioned on Nov 20, I long TLAB based on the following

"(1) Parabolic SAR shows a uptrend is upcoming.
(2) MACD is going to cross over, very possibly, tomorrow.
(3) Double bottom pattern on BB.
(4) RSI is at oversold level.
My short term target for TLAB is $3.00, which is a round number and the previous high".
 
Now, the stock is closing close at $2.98, roughly breaking the downtrend. If $3.00 psychological point is crossed, my next ST target will be $3.11. Congratulations for those who follows me and traded TLAB. 

Tuesday, November 27, 2012

Stocks to watch on Nov 28: GMCR, GRPN, APP

 American Apparel, Inc (AMEX: APP) reached $1.00 mark today and closed at $0.99, crossing 200 day moving average from below. Bullish MACD Crossover. On balance volume is upticking again. There is no sign of overbought on RSI and Slow STO. Comparing with the previous level of OBV, I have a ST target of $1.2 for APP. I suggest an entry order above $1.05 to allow some breadth for trend confirmation, along with a stop around $0.95 (lower body of today candlestick, i.e. today's open)

 Green Mountain Coffee, Inc (NASDAQ: GMCR) is forming a bull flag. OMV reached a new high level. From previous OBV as well as extending height of the flag's pole gives a target of $33. Buy at breakout with a stop at $28.

Groupon, Inc (NASDAQ: GRPN) is a possible bottom play. Gap was filled last Thursday with huge volume. CMF is trying to get back to neutral level. If the stocks moves above $4.00 significantly tomorrow, I have a ST target of $4.35, where there should be some resistance from 50day moving average. The next target after GRPN crossing 50 day moving average would be $4.75 where last time CMF crossed 0 level. I long this stock at $3.9.

Monday, November 26, 2012

Stocks to Watch on Nov 27: AAPL, DDD, SSYS

I have mentioned SSYS and AAPL on yesterday's post and DDD on Nov20's. All of my predictions on them are pretty accurate and nicely done. So, Standing O for ME!!

 Apple Inc. (NASDAQ: APPL) As I mentioned yesterday, I will turn bullish on Apple again if it breaks the flag pattern from above. By that, I would have a ST target to $600. It did break the pattern first thing in the morning today and reached $589.58 by its closing. Pretty close. My prediction used the distance between the flag divergent point and the body of the candlestick at trough. A more aggressive target would use distance to the lowest shadow and extend the same distance from the top of the breakout. Therefore, my next ST target is $620,

 3D System Corp (NYSE: DDD) I signaled my followers a possible trough on DDD in my Nov 20's post, as well as on twitter. DDD did a huge run today, jumping 11.52%. I think adding shares or jumping on the boat atm might not be a good idea because the price is getting close to the upper channel and about to reach overbought level. Currently, I do not have a price target for this stock but does think the uptrend is accelerating.


Stratasys, Inc (NASDAQ: SSYS) I mentioned yesterday that there is a bullish breakout and have a target of $73. However, I did not expect to have another breakout such quick. Today, the stock has also made a 52w new high. Very bullish.

That's all for today. Gotta study CFA now.

Sunday, November 25, 2012

Stocks to watch on Nov 26: AAPL, SSYS, BIDU, RIMM, NOK

 
I hope everyone has a great thanksgiving! I have recently opened an account on StockTwits and have found it very useful for every traders. It has a better interaction with the users. When your mouse moves on the $STOCK others have mentioned, it shows you the corresponding price charts in a small box. It is better than going fourth from Twitter to Yahoo! Finance to check out people's ideas.
 
My StockTwits & Twitter accounts: GaryLee_HK & https://twitter.com/GaryLee_HK
 
 Apple, Inc (NASDAQ: AAPL) jumped on Tuesday after reaching extremely oversold level on RSI and Slow STO. After Friday's close, a bull flag is constructing on chart, however, with little volume. I have a short term target of $600 if it breaks from above. If it breaks from below, my previous $480 target still holds. I do not suggest taking a long or short position before a breakout.

Baidu, Inc (NASDAQ: BIDU) I am not a big fan of Chinese Internet stocks. But BIDU is a company with strong revenue growth, high proportion of cash and cash equivalent under balance sheet and a P/E ratio of 21.58x compared with Google 20.92x. Bidu has a higher profit margins and recent growth compared with Google. After the sell off, reaching oversold level in both RSI and Slow STO. I think the stock is due for some retracement, at least to $105, which was a strong support, testing its validity again, or else, polarity. Stop order around $91.00 or 5% from Black Friday's close.

 Nokia Corp (NYSE: NOK) and RIMM have very similar actions, with great volume. Maybe both long-suffering stocks are back! Be aware of the stock reaching extremely overbought level. Stop around 200 day moving average.

 Research in Motion Ltd (NASDAQ: RIMM) My comments on Nokia applies here. Plus OBV is ticking up quickly. Today's close is higher than $11.00 which used to be a resistance. I do not have a target on RIMM and NOK, but I do think they are reversing. Stop could be somewhere around 200day moving average.

Stratasys, Inc (NASDAQ: SSYS) has closed above previous high on Black Friday, at $70.78. MACD and CMF is positive. My short term target is $73.30 with a stop of $69.00

Tuesday, November 20, 2012

Stocks To Watch on Nov 21: GRPN, RIMM, TLAB

 Groupon, Inc (NASDAQ: GRPN) had a strong move today, up 8.53%, closing at $3.37. Parabolic SAR shows a new uptrend is coming. Watch out for bullish MACD crossover. I have a short term target of $3.68 which fills the gap formed earlier this month.

Research in Motion Ltd (NASDAQ: RIMM) has continued its strong uptrend after breaking out yesterday with ascending volume. ADX is ticking up. Again, I believe the stock is reversing.

Tellabs, Inc (NASDAQ: TLAB) jumped 2.21%. I might initiate a long position tomorrow due to the followings: (1) Parabolic SAR shows a uptrend is upcoming. (2) MACD is going to cross over, very possibly, tomorrow. (3) Double bottom pattern on BB. (4) RSI is at oversold level. My short term target for TLAB is $3.00, which is a round number and the previous high.

Monday, November 19, 2012

Socks to Watch on Nov 20: DDD, RIMM. AGNC, SPY

 American Capital Agency Corp (NASDAQ: AGNC) Told you on AGNC reversing (yesterday). Now, Watch for MACD histogram crossover.
3D System Corp (NYSE: DDD) seems an uptrend is firm with 4 troughs connected in a ascending prices. My target, for now, is $46 through extending a parallel line to make a channel.

Research in Motion, Blackberry (NASDAQ: RIMM) broke the bullish flag last Friday and filled the July's gap and made a new high at $9.59 after previous one at $9.17. My next short term target is $10.00 but I think the stock is reversing. 

S&P500 (NYSE: SPY) Told you yesterday that there would be a move very soon. Just another update, On Balance Volume shows the stocks might be underpriced right now.

Sunday, November 18, 2012

Stocks for watch on Nov 19: AGNC, NFLX, SPY

 American Capital Agency Corp (NASDAQ: AGNC) A breakout took place after an engulfing bullish pattern. I think it would be a long setup and a reversal to the recent downtrend as prices leaving lower BB. CMF turned back to +ve area and extreme MACD reading seems to be reversing. Yesterday's move was also significant in a way that the closing crossed 200day moving average.

 Netflix, Inc (NASDAQ: NFLX) has broken the bullish ascending triangle today and finds some resistance over 200day moving average. The moves follows the criteria of a triangle as a continuation with decreasing volume throughout the formation and a breakout with relatively high volume. I am long this stock. I have a target of $95 from extending the height from the nearest trough to the base of the triangle.

Standard Poors SPDRs (NYSE: SPY) Just wanna touch base on the market in a general sense since there is a huge sell-off in the recent trading weeks. RSI and Slow STO are at extremely oversold level, amid worries on fiscal cliff and EU economies. Today's bounceback is a good sign, signaling a possible reversal since volume exceeds any single days in the whole week. MACD seems to be reversing after reaching lowest level since June. I look forward to a correction to at least $147.42 then $140 before seeking another round of sell-off, if not, even higher index returns depending on the market currents.

Thursday, November 15, 2012

Stocks to Watch 11/16/2012: AGNC, NFLX, ZNGA

 American Capital Agency Corp. (NASDAQ: AGNC) is showing a bulllish engulfing chart pattern today. However, low volume is signaling a high degree of uncertainty. Slow STO and RSI is at oversold level. The price of AGNC has fallen to almost yielding 20%. Crossing $30.00 is very important, not only because it is a major psychological resistance, but it is also a resistance point under Pivot Table.

 Netflix, Inc (NASDAQ: NFLX) had a nice move before close, breaking the ascending triangle. It is a bullish breakout. I have blogged about a possible breakout in Nov 14's post.  Today's closing is also above 200 day moving average. I am looking forward to seeing more action on NFLX next week.


Zygna, Inc. (NASDAQ: ZNGA) jumped 7% closing at $2.29 today, closing above 20day MA. There is also a double bottom signal from BB as 2nd trough did not touch the lower BB. Slow STO and RSI is ticking up. MACD is getting close to 0. The action on tomorrow is very important. If the run continues, we will be sure it is a bottom play. If not, 20day MA is a major resistance.

Stocks to Watch on Nov 15: IDCC, AAPL, FB

I am currently studying for CFA Level I Exam on Dec 1. Starting from tomorrow, I will pick only 2-3 stocks per blog entry. Shorter description may also be expected. 

Facebook, Inc (NASDAQ: FB) has rise 12/19%, closing at $22.28. MACD is making bullish crossover. Slow STO is ticking up after showing oversold signal. I look for more action, at least somewhere around 100day moving average.

InterDigital, Inc (NASDAQ: IDCC) told you on a upcoming pullback on Nov 09. I am expecting action downwards until reaching 50day MA. However, the uptrend of this stock still enacts. Mind for bearish MACD crossover.

Apple, Inc (NASDAQ: AAPL) everyone knows Apple has a great fundamentals. However, there is no idea when the recent downtrend is going to end. 50day and 200day moving average is turning around, pointing downwards. The closing price is slightly away from Lower BB, but that's not enough. Bearish flag is forming on charts and if broken, my next target is $480.

Tuesday, November 13, 2012

Stocks to watch on Nov 14, 2012: SIRI, DDD, NFLX, TIVO


 Netflix, Inc (NASDAQ: NFLX) has filed the gap and showing a ascending triangle, which is by definition a continuation (bullish) pattern. A closing above $81.00 is significant because it will be above 200 day MA too. The volume follows the criteria for ascending triangle. Watch for breakout guys. Use entry order with a stop around at least $75.00 level or closer.


TiVo, Inc. (NASDAQ: TIVO) is still showing support from 50day MA. I will consider adding shares on it, depends on NFLX, whichever comes first. 

 3D Systems Corp (NYSE: DDD) just find something bearish on my recent favorite stock. AD line is showing a negative divergence with the recent uptrend. Massive sell out in the recent two trading days with huge volume. MACD history is about to cross to negative level. However, some firms upgrades its rating. Given the high RSI reading, I think the stock will continues to drop in the coming days, and might be hitting the lower BB until a reversal or retracement.

Sirius XM Radio Inc (NASDAQ: SIRI) is showing a bullish sign. Support found on $2.66 level which is previously a high, confirming the uptrend still enacts, after hitting lower BB and 50 Day moving average (Bullish!) Volume today is large although the movement is little (0.36%). MACD histogram is reversing. Comparably high AD level amid lower prices. I think the stock will reach $2.9 level in less than 2 weeks. I am planning to add shares tomorrow.


Sunday, November 11, 2012

Stocks to Watch for Nov 12: TIVO, EBAY, APP, JPM

 American Apparel Inc. (AMEX: APP) shows some strong strong around $1.03 area. Any drop below this area will trigger massive sell off, at least until $0.95 level, fulfilling the inverted head & shoulder pattern. However, the stock tends to reverse when CMF readings are in extreme level. So watch out for any bullish action, which also gives a double bottom signal under BB. (i.e. when second trough does not touch lower BB) Additionally, MACD Histogram is about to cross above. Definitely put it on your radars.

 eBay, Inc. (NASDAQ: EBAY) with a flat BB and low ADX reading. Any price greenish price action, making the closings away from lower BB can be bullish, signaling a possible double bottom play.

J.P. Morgan Cahse & Co (NSYE: JPM) shows some retracement today, closing at $40.62, confirming some support from 50day moving average. Slow STO at oversold level. I am looking the stock to continue its uptrend soon.

TiVo, Inc. (NASDAQ: TIVO). I bought some shares today. 50-200 moving averages golden crossed, with decent action today.

Friday, November 9, 2012

Nov 09: IDCC, DDD, AGNC

 American Capital Agency Corp (NASDAQ: AGNC) has been under massive sell-off after its earning reports and lowering forecasts from rating companies. It showed some green action today. Slow STO and RSI are now both under oversold level. I think any closing outside the lower Bband could be a short term bullish signal. After all, it is a REIT yielding 16%+. From the past performance of AGNC, as well as other strong uptrend stocks falling sharply, they makes a run days after RSI reaching 30.0 level. For a faster referral, look at DDD below, which also shows the same pattern.


3D System (NYSE: DDD) One of my all time favorite again. Just made a 52w new high, closing at $46.02. RSI and Slow STO showing overbought signal, so any pullback can be a great entry.  All moving averages are pretty healthy. Rumor says the military is ordering supplies from this company.

InterDigital, Inc. (NASDAQ: IDCC) heated up from $33.06 to $43.09 within 10 trading days. Luckily, I have sold my shares two days ago, which happens to be the trading day with highest closing recently. Gotta admit, it is totally by luck and chance to pick the highest day. But I still believe IDCC would undergo some form of correction in the coming trading days, at least to the level of $38.00 (the previous top). My intuition from Bband is simple. Any action away from upper and lower Bband, especially a candlestick not touching the bands at all, signals for a correction or reversal. I have found it quite accurate way of looking at IDCC specifically.

Sorry Folks. I am experiencing Internet Outage

Hope everyone in Tri-state area is well and in safe place. I have been almost 2 weeks after Hurricane Sandy and my home is still experiencing Internet outage. I just realized that St. John's University has a hall opens until 3a.m. I am going to write a blog in just a second.

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