Stock Picks For Monday: Yahoo, Rambus And Melco Crown Entertainment

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Rambus (RMBS) - The recent reversal in Rambus could be a buy signal. RMBS traded down on Friday, but not enough to make me stop watching. The volume was weak compared with recent sessions when prices rose, which means traders are not betting on the downside. I think the stock is still in a consolidation range, waiting to make a big move. This stock is going to have a big move and it should be to the upside.

A quick look at the technical chart:

1) Back above the 5 and 50 day average.
2) Volume increases on support levels (good sign)
3) RSI back above 50 level.
4) Money Flow-Index still climbing
5) The +DI crossed up through the -DI his week - Bullish.
6) 20 day moving average crossed the 50 day moving average to the upside.
7) 50 day moving average crossed the 200 day moving average to the upside.
8) Bullish divergence: price is decreasing, whereas MACD lines are going up.
9) Call Options Still going Strong.
10) Trend is still up.

I hope I am right ……..

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Melco Crown Entertainment (MPEL) - The stock is losing momentum on upside. At this stage MPEL is too extended for additional positions, and is now in the overbought zone. I really like the chart but at this level I would wait for a pull back before putting any cash to work. That support you see on the chart corresponds to the oblique major support. Warning : a break below could send MPEL to the 6.4 to 6.3 $ levels.

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Yahoo (YHOO) has now a bullish looking stock chart, price broke out from the horizontal resistance mark around $15.17 per share on heavy volume. In the short-term, I expect the current reversal in trend to continue. The technical daily chart shows the stock is now in a bull market as MACD is on top of signal line and K line is on top of D line, both indicating buy. In addition, the stock is on top of 50 day and 200 day moving average showing the stock is in bull market. Trend is up. Target is $16.25.

Other Stocks to Watch:

NURO - NeuroMetrix Inc. ( Price Break Out )
TA - TravelCenters of America LLC ( Price Break Out )
CQP - Cheniere Energy Partners LP. ( Price Break Out )
SCSS - Select Comfort Corporation ( Price Break Out )
IVAN - Ivanhoe Energy, Inc. ( Price Break Out )
ZRBA - Zareba Systems Inc. ( Price Break Out )
USEG - US Energy Corp. ( Price Break Out )
CMRO - Comarco, Inc. ( Price Break Out )
INOD - Innodata Isogen Inc. ( Price Break Out )
INFA - Informatica Corp. ( Price Break Out )
FCF - First Commonwealth Financial Corp. ( New Low )
EM - Emdeon Inc. ( New Low )
VHI - Valhi Inc. ( Inverted Head & Shoulders pattern )
CDZI - Cadiz Inc. ( Inverted Head & Shoulders pattern )
INTX - Intersections Inc. ( Inverted Head & Shoulders pattern )
TFSL - TFS Financial Corp ( Inverted Head & Shoulders pattern )
CBNJ - Cape Bancorp, Inc. ( Inverted Head & Shoulders pattern )
CTIC - Cell Therapeutics, Inc. ( Major support lies at 1.40 )
SIRI - Sirius XM Radio Inc. ( Major support lies at 0.60 )
NVAX - Novavax, Inc. ( Major support lies at 5.50 )
DNDN - Dendreon Corporation ( Major support lies at 23.55 )
Earnings Announcements for Monday, September 14

CRESY - Cresud S.A.C.I.F. y A. ( Time Not Supplied )
COOL - MAJESCO ENTERTAINMENT CO ( After Market Close )
NTSC - National Technical Systems, Inc. ( Before Market Open )
PLL - Pall Corp. ( After Market Close )
PMFG - Peerless Manufacturing ( Time Not Supplied )
SSL - Sasol Ltd ( Time Not Supplied )
SCLD - SteelCloud ( After Market Close )
SCMR - Sycamore Networks ( Before Market Open )
UNFY - Unify Corporation ( After Market Close )
WPCS - WPCS International Inc ( After Market Close )

US Earnings Calendar for September 15, 2009

ADBE - Adobe Systems ( After Market Close )
Best Buy Co., Inc.BBY ( Time Not Supplied )
CBRL - Cracker Barrel Old Country Store, ( Before Market Open )
NTWK - Netsol Technologies ( Time Not Supplied )
SYMX - SYNTHESIS ENERGY SYS INC ( Before Market Open )
KR - The Kroger Co. ( Time Not Supplied )

US Earnings Calendar for September 16, 2009

APOG - Apogee Enterprises, Inc. ( After Market Close )
CKR - CKE Restaurants ( After Market Close )
CLC - CLARCOR Inc. ( After Market Close )
DBRN - Dress Barn ( After Market Close )
DDMX - Dynamex ( After Market Close )
MLHR Herman Miller ( After Market Close )
ORCL - Oracle ( After Market Close )
VOL - Volt Information Sciences ( Before Market Open )

US Earnings Calendar for September 17, 2009

DFS - Discover Financial Services ( Before Market Open )
FDX - FedEx ( Before Market Open )
IHS - IHS Inc. ( After Market Close )
PALM - Palm, Inc. ( After Market Close )
PIR - Pier 1 Imports, Inc. ( Before Market Open )
PDEX - Pro-Dex Incorporated ( Time Not Supplied )
WNI - Schiff Nutrition International, Inc. ( Time Not Supplied )
SMTS - Somanetics Corporation ( Time Not Supplied )
MCS - The Marcus Corporation ( Before Market Open )

US Earnings Calendar for September 18, 2009

PTSX - Point.360 ( Time Not Supplied )

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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