Antonio Costa

Stock Picks For 20 January

By Antonio Costa on January 20, 2010 | More Posts By Antonio Costa | Author's Website

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(NASDAQ:CIEN) broke out of a downtrend channel on Tuesday. The stock closed below highs, but could make another move today. Tuesday’s high reflects resistance for this next upside move. If CIEN can break through resistance, we should see a strong upside move as traders buy up the stock. Technically the stock looks solid trading above its 20 and 50 day moving averages. My model is long, targeting 14.06 area.

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(NASDAQ:OSIR) was one of the winners on Tuesday, as the stock closed up $0.47 on the day. I expect to see another upside move, which is why I will watch it again today. Resistance stays at $8.30, which was the high on September 16th.

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(NASDAQ:GIGM) – There are several indications I see which suggest a near-term bottom, including large positive divergences on MACD in daily. If the potential buy signal confirms itself, we’ll be looking for a move to the resistance area at $3.40-3.55, at the very least. Until that happens, traders will want to be on high-alert to the possibility of a bullish reversal. Keep GIGM on your screen for Wednesday’s trading session.

Other Stocks to Watch :

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

(NYSE:GPS) – GAP INC
(NYSE:COF) – CAPITAL ONE FNCL CORP
(NYSE:KSS) – KOHLS CORP
(NASDAQ:ZION) – Zions Bancorporation
(NYSE:MRO) – U S X-MARATHON GROU
(NASDAQ:AKAM) – Akamai Technologies
(NYSE:NEM) – NEWMONT MINING CORP
(NYSE:DOW) – DOW CHEMICAL CO
(NASDAQ:ATML) – Atmel Corporation
(NYSE:PLD) – PROLOGIS TRUST
(NYSE:TWX) – AMERICA ONLINE INC
(NYSE:NBR) – Nabors Industries Inc
(NYSE:ACN) – Accenture Plc
(NYSE:HIG) – Hartford Financial
(NYSE:GCI) – GANNETT CO INC
(NYSE:MAT) – Mattel Co
(NYSE:PGR) – PROGRESSIVE CORP
(NYSE:EXC) – EXELON CORPORATION
(NYSE:XL) – XL CAPITAL LTD
(NYSE:PCX) – Patriot Coal Corp
(NYSE:DHI) – Horton DR Inc
(NYSE:MMC) – Marsh and Mclennan
(NYSE:BTU) – PEABODY ENERGY CORP
(NYSE:KG) – KING PHARMACEUTICAL
(NYSE:SPG) – SIMON PROPERTY GROUP
(NYSE:NOV) – NATIONAL OILWELL INC
(NASDAQ:CELG) – Celgene Corporation
(NYSE:PNC) – PNC Financial Servi
(NASDAQ:AMLN) – Amylin Pharmaceutical
(NYSE:MT) – Arcelormittal
(NYSE:RIG) – Transocean Ltd
(NYSE:COV) – Covidien Plc
(NYSE:BHI) – BAKER HUGHES INC
(NYSE:AGO) – ASSURED GUARANTY LTD
(NYSE:UNM) – UNUM GROUP
(NYSE:EDU) – New Oriental Educat
(NYSE:LNC) – LINCOLN NATIONAL CORP
(NASDAQ:WFMI) – Whole Foods Market
(NYSE:CLF) – CLEVELAND CLIFFS INC
(NYSE:MEE) – Massey Energy Co
(NASDAQ:GRMN) – Garmin Ltd
(NYSE:TRV) – The Travelers Co
(NYSE:PRU) – PRUDENTIAL FINANCIAL
(EWA) – WEBS Australia
(NYSE:NRG) – NRG Energy Inc
(NYSE:APC) – ANADARKO PETROLEUM
(NYSE:PGN) – Progress Energy Inc
(NYSE:MAS) – Masco Corporation
(NYSE:TEX) – TEREX CORP
(NYSE:PCL) – PLUM CREEK TIMBER CO
(NYSE:XCO) – EXCO RESOURCES INC
(NASDAQ:MDRX) – Allscripts, Inc.
(NASDAQ:ALKS) – Alkermes, Inc.
(NASDAQ:INFA) – Informatica Corp
(NASDAQ:PAAS) – Pan American Silver
(NASDAQ:ADCT) – ADC Telecommunications
(NYSE:ACF) – AMERICREDIT CORP
(NYSE:AAP) – ADVANCE AUTO PARTS INC
(NASDAQ:BPFH) – Boston Private Financial
(NYSE:PWE) – PENN WEST ENERGY TRU
(NASDAQ:PSYS) – Psychiatric Solutions
(NASDAQ:THOR) – Thoratec Laboratories
(ICF) – iShares Cohen & Ste
(NYSE:NBL) – NOBLE AFFILIATES INC
(NASDAQ:FNFG) – First Niagara Financial
(NYSE:IM) – INGRAM MICRO INC

Earnings Announcements for Wednesday, January 20

ADTRAN, Inc. – ADTN – 0.27 – Time Not Supplied
Amdocs Limited – DOX – 0.53 – After Market Close
(NYSE:AMR) Corporation – AMR – (-1.2) – Time Not Supplied
Applied Industrial Technologies – AIT – 0.26 – Before Market Open
(NASDAQ:ASML) Holdings NV – ASML – 0.15 – 01:00 am ET
Bank of America Corporation – BAC – (-0.52) – Time Not Supplied
Bank of New York Mellon Corp – BK – 0.51 – Before Market Open
Brinker International – EAT – 0.22 – Time Not Supplied
Coach, Inc. – COH – 0.72 – Before Market Open
Community Trust – CTBI – 0.36 – Time Not Supplied
Courier Corporation – CRRC – 0.04 – Before Market Open
Covidien Plc. – COV – 0.75 – Before Market Open
eBay – EBAY – 0.4 – After Market Close
F5 Networks – FFIV – 0.49 – 4:00 pm ET
Hudson City Bancorp – HCBK – 0.28 – Before Market Open
iGate Corporation – IGTE – 0.16 – Time Not Supplied
Jefferies – JEF – 0.35 – Before Market Open
Kinder Morgan Energy Partners, L.P. – KMP – 0.49 – After Market Close
LaBranche & Co Inc. – LAB – (-0.06) – Before Market Open
(NYSE:LG) DISPLAY CO LTD – LPL – 0.36 – Time Not Supplied
Logitech International – LOGI – 0.27 – 10:00 pm ET
M&T Bank Corporation – MTB – 0.87 – Before Market Open
Marshall & Ilsley – MI – (-0.48) – 09:00 am ET
Morgan Stanley – MS – 0.36 – 08:00 am ET
Northern Trust – NTRS – 0.66 – Before Market Open
(NVE) Corporation – NVEC – 0.54 – After Market Close
Plexus – PLXS – 0.34 – After Market Close
Provident Bancorp – PBNY – 0.08 – After Market Close
Pulaski Financial – PULB – 0.02 – After Market Close
Raymond James – RJF – 0.37 – After Market Close
Seagate Technology – STX – 0.65 – After Market Close
Skyworks – SWKS – 0.25 – After Market Close
(NYSE:SLM) Corporation – SLM – 0.44 – After Market Close
Starbucks – SBUX – 0.27 – After Market Close
State Street Corporation – STT – 0.99 – Before Market Open
(NASDAQ:TSYS) – TSS – 0.3 – 4:00 pm ET
U.S. Bancorp – USB – 0.29 – Before Market Open
Wells Fargo & Company – WFC – (-0.02) – 08:00 am ET
Wipro Limited – WIT – 0.15 – Time Not Supplied
Woodward – WGOV – 0.3 – After Market Close
Xilinx, Inc. – XLNX – 0.35 – Time Not Supplied

List of stocks where the chart is displaying an ascending triangle pattern

(NYSE:GE) – GENERAL ELECTRIC CO
(NYSE:RF) – REGIONS FINANCIAL CORP
(NYSE:MET) – METLIFE INC
(NYSE:TYC) – TYCO INTL LTD
(NYSE:FHN) – FIRST TENNESSEE NAT
(DIA) – DIAMONDS Trust
(NYSE:BK) – Bank Ny Mellon
(NYSE:MCD) – MCDONALDS CORP
(NYSE:KIM) – KIMCO REALTY CORP MD
(NYSE:CAT) – Caterpillar Inc
(NYSE:COF) – CAPITAL ONE FNCL CORP
(NYSE:AMX) – America Movil SA
(NYSE:BBT) – BB&T CORPORATION
(NYSE:SE) – SPECTRA ENERGY CORP
(NYSE:GGB) – GERDAU USA
(NYSE:IR) – INGERSOLL RAND CO
(NYSE:EXC) – EXELON CORPORATION
(NYSE:XL) – XL CAPITAL LTD
(NASDAQ:EXPE) – EXPEDIA INC
(NYSE:LMT) – LOCKHEED MARTIN CORP
(NYSE:YUM) – TRICON GLOBAL REST INC
(NYSE:MTL) – MECHEL OAO
(NYSE:RX) – IMS HEALTH INC
(NYSE:CCL) – CARNIVAL CORP
(NASDAQ:NETC) – NET Servicos de Com
(NASDAQ:PBCT) – People’s Bank
(NYSE:MCK) – MCKESSON HBOC INC
(NYSE:ADP) – Automatic Data Process
(EWC) – WEBS Canada
(NYSE:OMC) – OMNICOM GROUP INC
(NYSE:SFD) – SMITHFIELD FOODS IN
(NYSE:ETN) – EATON CORP
(DBA) – PowerShares DB Agri
(NASDAQ:ALTH) – Allos Therapeutics
(NYSE:IVZ) – INVESCO LTD
(MJN) – Mead Johnson Nutrition
(NASDAQ:MYGN) – Myriad Genetics, Inc.
(NASDAQ:QLGC) – QLogic Corporation
(NYSE:KWK) – Quicksilver Resources
(NYSE:TWC) – Time Warner Cable Inc
(NYSE:FIS) – CERTEGY INC
(NYSE:SNY) – SANOFI-AVENTIS ADS
(NASDAQ:EXPD) – Expeditors International
(NYSE:PPG) – P P G INDUSTRIES INC
(EWG) – WEBS Germany
(NYSE:FE) – FIRSTENERGY CORP
(NYSE:CNW) – C N F TRANSPORTATION
(VEU) – Vanguard FTSE All W
(NYSE:CPN) – Calpine Corp
(FAX) – Aberdeen Asia-Pacif
(NASDAQ:JBHT) – J.B. Hunt Transport
(NYSE:DPS) – DR Pepper Snapple G
(NASDAQ:PPDI) – Pharmaceutical Prod
(NASDAQ:OVTI) – OmniVision Technolo
(NYSE:LO) – Lorillard Inc
(NASDAQ:WYNN) – Wynn Resorts LTD
(NYSE:APD) – Air Products and Ch
(NYSE:WRI) – WEINGARTEN REALTY INVS
(NYSE:STO) – Statoil ASA
(NYSE:VMW) – VMWARE INC CLASS A
(NYSE:LZ) – LUBRIZOL CORP
(NASDAQ:TROW) – T. Rowe Price Assoc
(AZSEY) – ALLIANZ Se
(NYSE:SHW) – SHERWIN WILLIAMS CO
(NYSE:AOD) – ALPINE TOTAL DYNAMIC
(NYSE:BRY) – BERRY PETROLEUM CO
(NYSE:PDE) – PRIDE INTL INC
(NASDAQ:NDAQ) – NASDAQ OMX Grp
(NASDAQ:PRGO) – Perrigo Company
(NYSE:BVF) – BIOVAIL CORPORATION
(NYSE:ADS) – Alliance Data Systems
(NYSE:GAP) – GREAT ATLANTIC & PA
(NYSE:FCN) – FTI Consulting Inc
(NYSE:LEG) – LEGGETT & PLATT INC
FCE.A – Forest City Enterpr.
(NYSE:EV) – EATON VANCE CORP
(NYSE:BYI) – Alliance Gaming
(NASDAQ:WMGI) – Wright Medical Group
(NASDAQ:MAPP) – MAP Pharmaceuticals
(PPH) – Pharmceutical Hldrs
(NYSE:GNA) – GERDAU AMERISTEEL CP
(NYSE:HR) – HEALTHCARE REALTY T.
(NYSE:GWW) – WW Grainger Inc
(NYSE:CLR) – Continental Resources
(NYSE:BAM) – Brookfield Asset
(NASDAQ:ACOR) – ACORDA THERAPEUTICS
(NYSE:TD) – TORONTO DOMINION BANK
(NYSE:VMC) – VULCAN MATERIALS CO
(NASDAQ:XIDE) – EXIDE TECHNOLOGIES WI
(NYSE:SKT) – TANGER FCTRY OUTLET.
(NASDAQ:MICC) – Millicom International
(NYSE:PNR) – PENTAIR INC
(NYSE:TK) – Teekay Co
(NASDAQ:OREX) – Orexigen Therapeutics
(NYSE:DEO) – DIAGEO P L C NEW
(NYSE:ETY) – Eaton Vance TxMngd
(NASDAQ:ALXN) – Alexion Pharmaceutics
(NASDAQ:QSFT) – Quest Software, Inc.
(JACK) – JACK IN THE BOX INC
(NYSE:MRH) – Montpelier Re Holdings
(VEA) – Vanguard Europe Pac
(NASDAQ:VNDA) – Vanda Pharmaceutical
(NASDAQ:PENN) – Penn National Gamin
(NYSE:TUP) – Tupperware Brands
(NASDAQ:SCHN) – Schnitzer Steel Ind
(NASDAQ:ALGN) – Align Technology Inc
(EEB) – Claymore BNY BRIC
(NYSE:RY) – ROYAL BANK OF CANADA
(NYSE:CLS) – CELESTICA INC
(NYSE:TMK) – TORCHMARK CORP
(NYSE:MLM) – MARTIN MARIETTA MAT
(NYSE:CSQ) – CALAMOS STRAT TOT R
(KIE) – SPDR KBW INSURE
(NYSE:CMG) – CHIPOTLE MEXICAN GR
(NYSE:SSW) – SEASPAN CORPORATION
(NYSE:MXB) – MSCI Inc
(NYSE:MIN) – M F S INTERMEDIATE
(NYSE:WAB) – WABTEC
(NYSE:ENR) – ENERGIZER HOLDINGS INC
(NASDAQ:LCAPA) – LIBERTY MED CP A
(NYSE:ABV) – Companhia de Bebida
(NYSE:IFN) – INDIA FUND INC
(NYSE:MIL) – MILLIPORE CORP
(NASDAQ:HOGS) – Strong Technical Inc
(NYSE:CFR) – Cullen Frost Bankers
(NASDAQ:TTEK) – Tetra Tech Inc
(NASDAQ:AVAV) – AeroVironment Inc
(NYSE:VR) – Validus Holdings Ltd
(NASDAQ:TRST) – TrustCo Bank Corp NY
(NASDAQ:GPRO) – GEN-PROBE INC
(NYSE:GAB) – GABELLI EQUITY TRUS
(VFH) – VANGUARD FINANCIALS

New 52-week High stocks

(NASDAQ:ACXM) Acxiom Corp.
(NASDAQ:AIMC) Altra Holdings Inc.
(NASDAQ:AINV) Apollo Investment Corp.
(NASDAQ:AKAM) Akamai Technologies, Inc.
(NASDAQ:AMED) Amedisys
(NASDAQ:ANGO) AngioDynamics Inc.
(NASDAQ:ARCC) Ares Capital Corp.
(NASDAQ:ATAC) ATC Technology Corp.
(NASDAQ:AUDC) AudioCodes Ltd.
(BELM) Bell Microproducts Inc.
(NASDAQ:BMRN) BioMarin Pharmaceutical, Inc.
(NASDAQ:BPFH) Boston Private Financial Holdings, Inc.
(NASDAQ:CALM) Cal-Maine Foods, Inc.
(NASDAQ:CBRL) Cracker Barrel Old Country Store, Inc.
(NASDAQ:CELG) Celgene Corp.
(NASDAQ:CHKP) Check Point Software Technologies, Ltd.
(CHSI) Catalyst Health Solutions, Inc.
(NASDAQ:CLMT) Calumet Specialty Products Partners L.P.
(CMCA) ComCam Inc.
(NASDAQ:CNQR) Concur Technologies, Inc.
(NASDAQ:COLB) Columbia Banking System, Inc.
(NASDAQ:CPHD) Cepheid
(NASDAQ:CTXS) Citrix Systems, Inc.
(NASDAQ:CWST) Casella Waste Systems, Inc.
(NASDAQ:CYTX) Cytori Therapeutics, Inc.
(NASDAQ:DBTK) Double-Take Software Inc.
(NASDAQ:DMND) Diamond Foods, Inc.
(DRWI) DragonWave Inc.
(NASDAQ:DXCM) DexCom Inc.
(ECPN) El Capitan Precious Metals Inc.
(NASDAQ:ELRC) Electro Rent Corp.
(NASDAQ:EVVV) ev3 Inc.
(NASDAQ:EXFO) EXFO Electro-Optical Engineering
(NASDAQ:EXLS) ExlService Holdings Inc
(NASDAQ:FCFS) First Cash Financial Services, Inc.
(NASDAQ:FLOW) Flow Intl Corp.
(NASDAQ:FMER) FirstMerit Corp.
(NASDAQ:FNSR) Finisar Corp.
(NASDAQ:FORD) Forward Industries, Inc.
(NASDAQ:FORR) Forrester Research, Inc.
(NASDAQ:FUND) Royce Focus Trust, Inc.
(NASDAQ:GNVC) GenVec, Inc.
(HDII) Hypertension Diagnostics, Inc.
(NASDAQ:HPOL) Harris Interactive, Inc.
(HRCT) Hartcourt Companies Inc.
(NASDAQ:HWCC) Houston Wire & Cable Co.
(NASDAQ:ICOC) ICO, Inc.
(NASDAQ:IGTE) iGate Capital Corp.
(IMSC) Implant Sciences Corp.
(NASDAQ:IPCM) IPC The Hospitalist Co.
(NASDAQ:ISRG) Intuitive Surgical, Inc.
(JYHW) Jayhawk Energy, Inc.
(NASDAQ:KAMN) Kaman Corp.
(KEYO) KeyOn Communications Holdings, Inc.
(NASDAQ:KFRC) kforce.com, Inc.
(NASDAQ:LDSH) Ladish Co., Inc.
(LTUS) Lotus Pharmaceuticals, Inc.
(NASDAQ:LTXC) LTX-Credence Corp.
(NASDAQ:MAKO) Mako Surgical Corp.
(NASDAQ:MAPP) Map Pharmaceuticals Inc.
(NYSE:MAT) Mattel, Inc.
(NASDAQ:MEAS) Measurement Specialties, Inc.
(NASDAQ:MEDX) Medarex, Inc.
(NASDAQ:MEOH) Methanex Corp.
(NASDAQ:MGLN) Magellan Health Services, Inc.
(NASDAQ:MKTX) MarketAxess Holdings Inc.
(NASDAQ:MNDO) MIND C.T.I. Ltd.
(NASDAQ:MNTA) Momenta Pharmaceuticals Inc.
(NASDAQ:MOSY) MoSys Inc.
(NASDAQ:MRCY) Mercury Computer Systems
(NASDAQ:MSPD) Mindspeed Technologies, Inc.
(NASDAQ:MSTR) MicroStrategy Inc.
(NASDAQ:MSW) Mission West Properties, Inc.
(NEOP) Neoprobe
(NASDAQ:NEWS) NewStar Financial Inc.
(NASDAQ:NKTR) Nektar Therapeutics
(NASDAQ:NRGY) Inergy, L.P.
(NWCI) NewCardio, Inc.
(OCLR) Oclaro Inc.
(NASDAQ:OPNT) OPNET Technologies, Inc.
(NASDAQ:OSUR) OraSure Technologies, Inc.
(PBTH) PROLOR Biotech, Inc.
(NASDAQ:PFCB) P.F.Changs China Bistro, Inc.
(NASDAQ:PFSW) PFSweb, Inc.
(NASDAQ:PNCL) Pinnacle Airlines Corp.
(NASDAQ:PNNT) PennantPark Investment Corp.
(NASDAQ:PNRA) Panera Bread Co.
(NASDAQ:PRGO) Perrigo Co.
(NASDAQ:PSEC) Prospect Capital Corp.
(NASDAQ:PTNR) Partner Communications Co.
(NASDAQ:QGEN) Qiagen N.V.
(RDUFF) Radius Gold Inc.
(NASDAQ:REGN) Regeneron Pharmaceuticals, Inc.
(NASDAQ:RELL) Richardson Electronics, Ltd.
(NASDAQ:REXX) Rex Energy Corp.
(NASDAQ:ROIAK) Radio One, Inc.
(NASDAQ:ROSE) Rosetta Resources Inc.
(NASDAQ:SANM) Sanmina Corp.
(NASDAQ:SBGI) Sinclair Broadcast Group, Inc.
(SGI) Silicon Graphics International Corp.
(NASDAQ:SHLD) Sears Holdings Corp.
(NASDAQ:SHLM) A. Schulman, Inc.
(NASDAQ:SLXP) Salix Pharmaceuticals Ltd.
(NASDAQ:SMCI) Super Micro Computer, Inc
(NASDAQ:SNCR) Synchronoss Technologies, Inc.
(NASDAQ:SPEC) Spectrum Control, Inc.
(NASDAQ:SPRD) Spreadtrum Communications Inc.
(NASDAQ:SSYS) Stratasys, Inc.
(NASDAQ:STRL) Sterling Construction Co.
(NASDAQ:SYMC) Symantec Corp.
(TCNH) Technest Holdings Inc.
(NASDAQ:TMRK) Terremark Worldwide, Inc.
(NASDAQ:TRMK) Trustmark Corp.
(NASDAQ:TYPE) Monotype Imaging Holdings Inc.
(NASDAQ:UEIC) Universal Electronics, Inc.
(NASDAQ:ULTI) The Ultimate Software Group, Inc.
(NASDAQ:UNCA) Unica Corp
(VLYF) Valley Forge Composite Technologies, Inc.
(NASDAQ:VNUS) VNUS Medical Technologies Inc.
(NASDAQ:VOLC) Volcano Corporation
(NASDAQ:VOLT) Voltaire Ltd.
(NASDAQ:WABC) Westamerica Bancorporation
(NASDAQ:WAVX) Wave Systems Corp.
(NASDAQ:WBMD) WebMD Health Corp.
(NASDAQ:WCRX) Warner Chilcott Plc
(NASDAQ:WEDC) White Electronic Designs Corp.
(NASDAQ:WRLD) World Acceptance Corp.
(NASDAQ:XRAY) DENTSPLY Intl Inc.
(NASDAQ:XTXI) Crosstex Energy Inc.
(YYIN) Yayi International Inc.
(NASDAQ:ZOLL) Zoll Medical Corp.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That’s all Folks. Have a nice trading day !!!

AC

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