Stock Picks For Monday 29 March: Research In Motion, HemispherxBiopharma, DryShips, Plug Power, KLA-Tencor

Plug Power - Plug failed to close over the 200 day moving average now located at $0.76. A close over this level would be bullish and I'd look for Plug to test the 0.91 area. When the stock breaks above $0.76, I plan to buy more stock on the break out. The technical daily chart shows bullish signal as %K line is on top of %D line and MACD is on top of zero. There could be profit taking as the PLUG seems to rise too quickly in a short time. However now that PLUG is above 50 day moving average, we should see the trend continue to be upward. In addition, the insiders seem to be optimistic about the company and they have bought shares this month.

 

Research In Motion is simply telling me that this is a nice healthy pullback after a big run. The trend should resume back up in the very near future. The technical daily chart is also showing declining volume but stock has a Bullish outlook.

 

Hemispherx Biopharma  - The stock surged in the final hour of trading on Friday and closed back over the 10-day moving average. The real fireworks should begin if HEB can close above $0.75. As long as the stock can remain above $0.705, I like the stock. The technical daily chart shows the stock is ready for new rally as %K line is now on top of %D line. In addition with the stock breaking above 20 day moving average we may probably see more buyers coming.

 

KLA-Tencor Corporation - KLAC has been trading in a sideways channel the past few weeks, but could be setting up for a breakout move. The high of this channel is $31.06. If the stock can break through, we should see heavy volume drive the stock higher. There looks to be good upside in this trade, so keep KLAC on your trading screen next week.

Other stocks to watch:

DryShips  - Dry Ships is still in bottoming mode it looks like. I plan to buy the stock when it closes back over the 50 day moving average located at $5.75.

The daily chart created a bullish engulfing candlestick formation on Friday

TWX - AMERICA ONLINE INC
ACN - Accenture Plc
LXP - Lexington Realty Trust
SE - SPECTRA ENERGY CORP
BPW - BPW Acquisition Corp
LULU - lululemon athletic
OSIP - OSI Pharmaceuticals
RL - POLO RALPH LAUREN CORP
NOG - Northern Oil and Ga
EJ - E-HOUSE (CHINA) HOL
WCC - WESCO INTERNATIONAL
HXM - HOMEX DEVELOPMENT C
DLB - DOLBY LABORATORIES INC
GCO - GENESCO INC
RGNC - REGENCY ENERGY

The daily chart created a bearish engulfing candlestick formation on Friday

MSFT - Microsoft Corporation
MO - ALTRIA GROUP
AXP - AMERICAN EXPRESS CO
SWKS - SKYWORKS SOLUTNS
BX - Blackstone Group LP
TJX - TJX COMPANIES INC
SPG - SIMON PROPERTY GROU
ASBC - Associated Banc-Corp
BPO - BROOKFIELD PROPERTI
LRCX - Lam Research Corporation
MCK - MCKESSON HBOC INC
SLG - SL Green Realty Corp
BEN - FRANKLIN RESOURCES INC
AMB - AMB Property Corp
AVB - AVALONBAY COMMUNITI
NU - NORTHEAST UTILITIES
LRY - LIBERTY PROPERTY TRUST
LGF - Lions Gate Entertainment
NAV - NAVISTAR INTL CORP
CLI - MACK CALI REALTY CORP
DSX - DIANA SHIPPING INC
FLS - FLOWSERVE CORP
WRE - WASHINGTON R E I T
PPC - PILGRIMS PRIDE CP
DOLE - Dole Food Co
CPT - CAMDEN PROPERTY TRUST
AMMD - American Medical Sy
TCO - TAUBMAN CENTERS INC
QCOR - Questcor Pharm
BLK - BLACKROCK INC
RCI - ROGERS COMMUNICATIO
NKTR - Nektar Therapeutics
IRC - INLAND RE CORP
SXCI - SXC Health Solutions
DPZ - DOMINO'S PIZZA INC
LL - Lumber Liquidators Inc
MPWR - MONOLITHIC POWER SY
LPNT - LifePoint Hospitals
ENZN - Enzon, Inc.
XIDE - EXIDE TECHNOLOGIES WI
MBFI - MB Financial Inc.
BEAT - CardioNet Inc
ZRAN - Zoran Corporation
TSRA - TESSERA TECHNOLOGIE
CSH - CASH AMERICA INTL INC
CETV - Central European Me
CYN - CITY NATIONAL CORP
IBKC - IBERIABANK Corporation 59
HRBN - HARBIN ELECTRIC INC
ASCA - Ameristar Casinos

List of stocks where MA 13 crossed below the MA 50 ( Bearish Cross ) on Friday

WFT - Weatherford International
WAMUQ - Washington Mutual Inc
UNH - UNITEDHEALTH GROUP INC
EGO - ELDORADO GOLD CP
TLM - TALISMAN ENERGY INC
MMR - MCMORAN EXPLORATION CO
LINE - LINN ENERGY LLC UTS
TDC - Teradata Corp
DGP - DB Gold Double Long
GNK - GENCO SHIPPING & TR
REXX - Rex Energy Corp
PKD - PARKER DRILLING CO
BBG - Bill Barrett Corp
NEOP - Neoprobe Corp
NX - Quanex Building
SJT - San Juan Basin Royalty
MIPI - Molecular Insight P
AHD - ATLAS PIPELNE HLDING
ZOLL - Zoll Medical Corporation

List of stocks where MA 13 crossed above the MA 50 ( Bullish Cross ) on Friday

ABIO - Nuvelo Inc
AMAT - Applied Materials
SMOD - SMART MODULAR TEC
NBG - NATIONAL BANK OF GR
CSIQ - Canadian Solar Inc
EMKR - EMCORE Corporation
ISIS - Isis Pharmaceutical
K - KELLOGG CO
LOGI - Logitech International
CCTC - Clean Coal Technolo
CHL - China Mobile ltd
AVY - AVERY DENNISON CORP
PENN - Penn National Gamin
DGX - QUEST DIAGNOSTICS INC
SNI - SCRIPPS NETWORKS INT
HEV - Enerl Inc
MSG - Madison Square Gard
FBP - FIRST BANCORP
ROHI - Rotech Healthcre
BOH - PACIFIC CENTURY FNC
VRSK - Verisk Analytics
VE - VEOLIA ENVIROMENT ADS

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.