Stock Picks For Thursday: Melco Crown Entertainment And Wynn Resorts

( click to enlarge )

Melco Crown Entertainment (MPEL) - Wednesday, the stock broke out on huge volume of over 9 Million shares. The technical daily chart shows a continuation of the trend with MACD and RSI in the Bullish areas. The MACD indicator is above its signal line and is indicating further strength. In addition, the RSI indicator is moving up above 50 and the +DI is greater than the -DI by a great margin, indicating a Bullish trend. Let’s see if Thursday the stock will confirm the breakout.

( click to enlarge )

Wynn Resorts (WYNN) is a candidate to be traded in breakout mode. The technical indicators are looking better for the stock with MACD indicator above its sell signal line, K line on top of D line and RSI indicator moving up from the 50 level. A close above 61.20 will impart bullishness and will help the stock move to the 69-70 band. For the long term the stock should still continue to go up.

Other Stocks to Watch:

IGT - International Game Technology ( Price Break Out )
KSS - Kohl’s Corporation ( Price Break Out )
SWKS - Skyworks Solutions, Inc. ( Price Break Out )
VVUS - VIVUS, Inc. ( Price Break Out )
HITK - Hi Tech Pharmacal Co. Inc. ( Price Break Out )
ACFN - Acorn Energy, Inc ( Price Break Out )
TA - TravelCenters of America LLC ( Price Break Out )
MEDW - Mediware Information Systems Inc. ( Price Break Out )
MGI - Moneygram International Inc. ( Price Break Out )
FSII - FSI International Inc. ( Price Break Out )
ISTA - ISTA Pharmaceuticals Inc. ( Price Break Out )
KMB - Kimberly-Clark Corporation ( Oversold )
STI - SunTrust Banks, Inc. ( Oversold )
MDAS - MedAssets, Inc.( Oversold )
LRN - K12 Inc. ( Record Price Low )
AVAV - AeroVironment, Inc. ( Record Price Low )
GRO - Agria Corporation ( Head & Shoulders pattern )
NAK - Northern Dynasty Minerals Ltd. ( Head & Shoulders pattern )
RIC - Richmont Mines Inc. ( Head & Shoulders pattern )
POWL - Powell Industries, Inc. ( Head & Shoulders pattern )
JRJC - China Finance Online Co. Ltd. ( Head & Shoulders pattern )
HMSY - HMS Holdings Corp. ( Head & Shoulders pattern )
DUSA - DUSA Pharmaceuticals Inc. ( Head & Shoulders pattern )
ARTW - Art’s-Way Manufacturing Co. Inc ( Head & Shoulders pattern )

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.

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Comment by desai

2009-09-10 17:05:10

dear sir,
please send me your best posssible equity companies reports
and which companies share to buy and sell and make hand sum amount of money.

with thanks

desai s.w.

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