Trade Ideas For Wednesday, February 16

Antonio Costa
updated | Author's Website

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Last week, I wrote a post that there might be a buying opportunity present in Rambus, as it bounced from its uptrend line support again. Today, the stock broke out above the $21.50 level on huge volume of over 1.75 Million shares.  RMBS closed out at 21.85 up 0.67 on the day.  The stock showed a lot of strength and I expect to see another round of buying. On the technical side, the chart looks very good here. It looks Bullish with both 20 and 50 daily moving averages going up and MACD on top of 0, RSI in a Bullish area too.  In addition, Money flow has trended up well since last week. The daily chart of RMBS suggests a strong confidence in stock, a clear uptrend momentum.  Rambus call options were also very active today, particularly the February calls, conveying the right to buy Rambus shares at a fixed $22 price. This company is the frequent subject of patent infringement & anti-trust claim issues. Hynix Semiconductor, Nvidia, Micron tech have had patent infringement suits with Rambus, so please be aware that the share price depends in part of the news that comes to the market, causing generally large fluctuations in the share, so be careful if you’re not familiar with the stock. Honestly speaking, there is a lot of upside potential in this stock, which makes it worth watching for the next few days. Keep watching the stock.

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Denison Mines Corp. (DNN) – Despite a nice rally on Monday the stock failed to follow-through and ended the day on a down note. That’s good news for the bears. The $4.22 level is the intermediate support and more conservative traders may want to wait for a breakdown under $4 before initiating positions.

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As long as the stock holds above $22.22, the trend would be bullish and a move to at least $24-25 would be a distinct possibility. In fact, the stochastics is now approaching oversold but seems unable to reach oversold conditions due to the heavy buying interest on any pull-back. Stay tuned .

Earnings Announcements for Wednesday

American National Insurance – ANAT
AMES NATL CORP – ATLO
ANDATEE CHINA MARINE FUEL SVCS – AMCF
ATRICURE INC – ATRC
AVEO Pharmaceuticals, Inc. – AVEO
Avis Budget Group, Inc. – CAR
BioClinica, Inc. – BIOC
Bravo Brio Restaurant Grp Inc – BBRG
CALUMET SPECIALTY PRODUCTS – CLMT
Cell Therapeutics, Inc. – CTIC
Comcast Corporation – CMCSA
Commercial Vehicle Group, Inc. – CVGI
comScore, Inc. – SCOR
Cray – CRAY
CyberOptics – CYBE
DealerTrack Holdings, Inc. – TRAK
Dyax Corp. – DYAX
Dynamics Research Corporation – DRCO
eHealth, Inc. – EHTH
eLoyalty – ELOY
Encore Wire – WIRE
ENERNOC INC – ENOC
ENSIGN GROUP INC – ENSG
Euronet Services – EEFT
Evergreen Solar, Inc. – ESLR
Express Scripts, Inc. – ESRX
FirstService – FSRV
Fundtech Corporation – FNDT
Genzyme Corporation – GENZ
HOMEOWNERS CHOICE INC – HCII
HSW INTERNATIONAL INC – HSWI
Iconix Brand Group – ICON
Innodata Isogen Inc. – INOD
InterMune Inc. – ITMN
Itron, Inc. – ITRI
JIANGBO PHARMACEUTICALS INC – JGBO
LCA-Vision – LCAV
LoJack – LOJN
Marine Petroleum – MARPS
MIND CTI Ltd. – MNDO
MORNINGSTAR INC – MORN
NANOSPHERE INC – NSPH
NCI, Inc. – NCIT
NetApp, Inc. – NTAP
NewStar Financial, Inc. – NEWS
NVIDIA Corporation – NVDA
O’Reilly Automotive – ORLY
Optibase – OBAS
Orbotech – ORBK
Otelco – OTT
P.F. Chang’s China Bistro, Inc. – PFCB
Peet’s Coffee & Tea – PEET
RODMAN & RENSHAW CAP GP INC – RODM
Rubicon Technology, Inc. – RBCN
Shiner International Inc – BEST
SPAR Group Incorporated – SGRP
Syneron Medical Ltd. – ELOS
Synopsys – SNPS
Taser International, Inc. – TASR
The Medicines Company – MDCO
UNITED SEC BANCSHARES INC – USBI
VIMICRO INTERNATIONAL CO-ADS – VIMC
Vital Images, Inc. – VTAL
WONDER AUTO TECHNOLOGY INC – WATG
XenoPort, Inc. – XNPT

New 52-week High stocks

EMC – EMC CORP
KV.A – K-V Pharmaceutical Co
QCOM – QUALCOMM Incorporated
CMCSA – Comcast Corporation
RFMD – RF Micro Devices, Inc.
TXN – TEXAS INSTRUMENTS INC
TWX – AMERICA ONLINE INC
JNPR – Juniper Networks
SD – Sandridge Energy Inc
USB – US Bancorp
TSO – Tesoro Corp
TQNT – TriQuint Semiconductor
SLB – SCHLUMBERGER LTD
OXY – OCCIDENTAL PETROLEUM
IPG – INTERPUBLIC GRP OF COS
MAR – MARRIOTT INTL INC NEW
WYN – Wyndham Worldwide WI
STI – SUNTRUST BANKS INC
DNR – DENBURY RESOURCES INC
BTU – PEABODY ENERGY CORP
AMTD – TS Ameritrade Holdings
JCI – JOHNSON CONTROLS INC
AON – AON CORP
CNQ – Canadian Natural Resources
SPPI – Spectrum Pharmaceutical
WNR – WESTERN REFINING INC
IP – INTERNATIONAL PAPER CO
CLDA – Novitron International
OMC – OMNICOM GROUP INC
LNG – Cheniere Energy Inc
MEE – Massey Energy Co
STLD – Steel Dynamics, Inc.
CSX – C S X CORP
STJ – ST JUDE MEDICAL INC
ADI – ANALOG DEVICES INC
FTO – FRONTIER OIL CORP
CRUS – Cirrus Logic, Inc.
VIA.B – Viacom Inc Class B
CLF – Cliffs Natural Resources
TRV – The Travelers Co
NUE – NUCOR CORP
MERC – Mercer International
HUN – HUNTSMAN CORPORATION
SWC – Stillwater Mining Co
CVI – CVR Energy Inc
TIN – TEMPLE INLAND INC
PXP – Plains Exploration
NI – NISOURCE INC
CDNS – CADENCE DESIGN SYS INC
JAZZ – Jazz Pharmaceutical
IO – Ion Geophysical
LCAPA – LIBERTY MED CP
BEC – BECKMAN COULTER INC
BEXP – Brigham Exploration Co
WYNN – Wynn Resorts LTD
SF – STIFEL FINANCIAL CORP
BG – BUNGE LTD
RRR – RSC Holdings Inc
IPGP – IPG PHOTONICS CORP
PLAB – Photronics, Inc.
BZ – Boise, Inc.
MRGE – Merge Health Inc
PAG – UNITED AUTO GROUP INC
PPG – P P G INDUSTRIES INC
ILMN – Illumina, Inc.
MWV – MEADWESTVACO CORP
GEOI – GeoResources, Inc
SATS – EchoStar Corp
CXO – Concho Resources Inc
BRO – BROWN AND BROWN INC
PXD – PIONEER NATURAL RES CO
LWSN – Lawson Software, Inc.

Unusual volume in today’s trading session

HCKI – Wisebuys, Inc.
UNDT – Universal Detection Technology
HESV – Home Energy Savings Corp.
ACDU – Accredited Business Consolidators Corp
MRES – Neuro Biotech Corp
LDSR – LandStar, Inc.
LLNW – Limelight Networks Inc
ATIG – Atlantis Internet Group Corporation
ALTO – Alto Group Holdings
PWLK – Powerlock International Corp.
NYX – NYSE EURONEXT INC
VG – VONAGE HOLDINGS CORP
KV.A – K-V Pharmaceutical Co
SMMT – Eatertainment International
GENZ – Genzyme General
MCZ – Mad Catz Interactive
FLIP – FTS Group Inc.
SQNM – Sequenom, Inc.
CLI – MACK CALI REALTY CORP
EVRM – The Evermedia Group, Inc.

Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don’t consider buying or selling any stock without conducting your own due diligence.  

As always, good luck !

AC

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