Stock Picks for Thursday – American Oriental Bioengineering Inc. and EarthLink Inc.

Posted on October 22, 2009 at 4:42 pm
0

AC Investor

( click to enlarge )

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.
( click to enlarge )
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.

The Market Guardian and Market Club have teamed up to get you 2 FREE MONTHS of Market Clubs Premier Service. Click Here Now, you have nothing to lose and 60 FREE days to gain.

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

Email This Post Email This Post

Leave a Reply