Stock Picks For Thursday: American Oriental Bioengineering And EarthLink
By Antonio Costa on October 22, 2009 | More Posts By Antonio Costa | Author's Website
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Earthlink (ELNK) tried to break out on Wednesday, but the week market pulled the stock down from its high on the day. The stock hit a high of $8.84 which is now resistance for Thursday’s follow through move. Although this trend is encouraging, the near-term outlook stays cautious till the stock closes conclusively above this level on heavy volume. Bulls could remain invested with a stop loss at $8.34.
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American Oriental Bioengineering (AOB) is now trading back above the 10 day moving average which is very bullish. Wednesday’s high is resistance for a follow through bounce move on Thursday. I’m buyer of AOB once the stock breaks through these highs and expect to see a strong upside move. Short-term investors can buy with a stop at $4,64 and long-term investors can hold with a stop at $4,56. Let’s keep an eye on her as i think momentum will pick up.
Other Stocks to Watch - ( Pattern is Bullish Engulfing )
DE - DEERE & CO
NBR - Nabors Industries Inc
KIM - KIMCO REALTY CORP MD
TJX - TJX COMPANIES INC
SO - SOUTHERN CO
EXPE - EXPEDIA INC
BEXP - Brigham Exploration Co
FIS - CERTEGY INC
ICO - INTERNATIONAL COAL
KMB - KIMBERLY CLARK CORP
JOE - ST JOE CORP
CHINA - CDC Corp
IVN - IVANHOE MINES LTD ORD
OSK - Oshkosh Corp
OXIS - OXIS International Inc
FMCN - Focus Media Hldg
BWA - BorgWarner Inc
OWW - Orbitz Worldwide Inc
MAC - MACERICH CO
BMR - BIOMED REALTY TR INC
GRMN - Garmin Ltd
HP - HELMERICH & PAYNE INC
SAH - SONIC AUTOMOTIVE INC
ROK - ROCKWELL INTERNATIONAL
PNK - PINNACLE ENTERTAINMENT
LNG - Cheniere Energy Inc
ICLR - ICON plc
SPDE - SpeedUs.com Inc.
Other Stocks to Watch - ( Pattern is Bearish Engulfing )
CAL - CONTINENTAL AIRLINES
LLY - LILLY ELI & CO
COMS - 3Com Corporation
ACS - AFFILIATED COMPUTER
NCR - N C R CORP
HUM - HUMANA INC
LNCR - Lincare Holdings Inc.
DBRN - Dress Barn, Inc. (The)
ELY - CALLAWAY GOLF CO
RYAAY - Ryanair Holdings plc
ASH - ASHLAND INC
SLH - Solera Holdings Inc
IMAX - Imax Corporation
UNTD - United Online Inc
UA - UNDER ARMOUR INC
STBA - S&T Bancorp, Inc.
UTIW - UTI Worldwide Inc
ZAAP - Zero Air Pollution
TWB - TOO INC
SIMO - SILICON MOTION TECHN
GEOY - Orbimage Inc
AKNS - Akeena Solar Inc
CRNT - Ceragon Network
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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