Level 3 Communications has been trading in an ascending triangle pattern since June 2009 which is bullish, however the stock must break above $1.77 with conviction. If LVLT can break through this level, I expect to see a strong upside move. Stay tuned!!!
China Digital TV Holding - After a week of profit taking the stock on Friday closed at $7.35. The technical daily chart looks really bullish as the 50-day moving average has just crossed on top of 200-day moving average to form Golden Cross. A few more positive session could bring MACD back above 0 meaning bull market. The stock is holding up very well above $7,24, which leads me to believe there will be a big upside move soon. The stock needs to break through Tuesday's high of $7,68 for this upside move. STV is a fast moving stock, which means I will be watching it closely next week.
China Digital TV Holding Co., Ltd., through its subsidiaries, provides conditional access (CA) systems to digital television markets in the People's Republic of China. Its CA systems consist of smart cards and head-end software for television network operators, as well as terminal-end software for set-top box manufacturers, which enable digital television network operators to control the distribution of content and value-added services to their subscribers and block unauthorized access to their networks. The company licenses its set-top box design to set-top box manufacturers and sells advanced digital television application software, such as electronic program guides and subscriber management systems to digital television network operators. China Digital TV Holding Co. sells its CA systems and digital television application software to television network operators, including cable, satellite, and terrestrial television network operators and enterprises that maintain private cable television networks within their facilities. As of December 31, 2008, China Digital TV Holding Co. had installed CA systems at 200 digital television network operators in 27 provinces, autonomous regions, and centrally administered municipalities. The company was founded in 2004 and is headquartered in Beijing, the People's Republic of China.
GigaMedia has rested for a few days after a nice recent pop, and the volume behavior which has accompanied this action is excellent. The daily chart of the stock is showing a continuation pattern in this case to the upside although 3,24 offers a good resistance. $3.11 support is holding and GIGM bulls are trying to push through 3,24 barrier that corresponds to the top of the large bull flag formed since 3,34s highs. My suggestion is to focus on the break. In addition, the short interested has decreased to a nice number -15,55%.
GigaMedia Limited provides gaming software and services to the online gaming industry in the People's Republic of China, Taiwan, Hong Kong, and Macau. It operates through two segments, Gaming Software and Service, and Online Game and Service. The Gaming Software and Service segment develops and licenses online poker and casino gaming software solutions and application services primarily for continental European markets. This segment offers online gaming software, online gaming management tools, and application and consulting services. The Online Game and Service segment operates play-for-fun games online, and provides related services for online game players. This segment offers a portfolio of online games, including MahJong, a traditional Chinese tile game; MMORPG, an Internet-based computer game; advanced casual games; and card, chance-based, and simple casual games. The company offers its products and services to online poker and casino markets. It has strategic alliance with Access China Holding Limited, Numen Soft Co. Ltd., and Gorilla Banana Entertainment Corp. GigaMedia Limited was founded in 1997 and is headquartered in Taipei, Taiwan.
Other stocks to watch:
Earnings Announcements for Monday
Acme United - ACU
Adams Express - ADX
Agria Corporation - GRO
AIR INDS GROUP INC - AIRI.PK
ALCOA Inc - AA
AMCON Distributing - DIT
America West Resources, Inc. - AWSR.OB
AmeriServ Financial, Inc. - ASRV
Arrow Financial - AROW
ARTS WAY MFG INC - ARTW
ASAT Holdings Limited - ASTTY.PK
ASCENDAS REAL ESTATE INVT TRUS - ACDSF.PK
ASCOTT RESIDENCE TRUST - ACTRF.PK
AsiaInfo Holdings - ASIA
BANK MUTUAL CORP NEW - BKMU
Biomerica - BMRA.OB
BKF Capital Group, Inc. - BKFG.PK
Brookline Bancorp - BRKL
C&D Technologies, Inc. - CHP
C-Chip Technologies Corporation - AVNY.PK
Cano Petroleum, Inc. - CFW
Capitol Bancorp - CBC
Century Bancorp A - CNBKA
CHINA SHENHUA ENERGY CO LTD - CUAEF.PK
CHINA SOLAR & CLEAN ENRGY SOLS - CSOL.OB
China Southern Airlines - ZNH
CINTEL CORP - CNCN.OB
Citizens First Bancorp - CTZN.PK
ClearPoint Business Resources Inc - CPBR.PK
CLST HLDGS INC - CLHI.PK
Comm Bancorp - CCBP
Community Trust - CTBI
Consolidated-Tomoka Land - CTO
Convera - CNVR.PK
CVB Financial - CVBF
DCB FINANCIAL CORP - DCBF.OB
DEI Holdings, Inc. - DEIX.PK
DPAC Technologies Corp. - DPAC.OB
Duckwall-ALCO Stores - DUCK
Dynacq Healthcare, Inc. - DYII
ECOTALITY INC - ETLE.OB
EMAK Worldwide Inc. - EMAK.PK
First South Bancorp - FSBK
FIRST ST FINL CORP FLA - FSTF.PK
Frischs Restaurants - FRS
FUQI INTERNATIONAL INC - FUQI
GEELY AUTOMOBILE HLDGS LTD - GELYY.PK
GLOBAL ENTMT CORP - GNTP.OB
GREEN BANKSHARES INC - GRNB
GREENHUNTER ENERGY INC - GRH
GUARANTY BANCORP DEL - GBNK
Heartland Express - HTLD
IDAHO FIRST BANK MCCALL IDAHOIDFB.OB
Immtech InternationalIMMP.PK
INDEX OIL & GAS INCIXOG.PK
INFOLOGIX INCIFLG
Intellipharmaceutics International Inc.IPCI
International Fight League, Inc.IFLI.OB
Interplay EntertainmentIPLY.OB
INTERVEST BANCSHARES CORPIBCA
IR Biosciences Holdings, Inc.IRBS.OB
Jaco ElectronicsJACO.PK
JADE ART GROUP INCJADA.OB
JB Hunt Transportation - JBHT
KINDER MORGAN MANAGEMENT LLC - KMR
Lakeland Industries - LAKE
Lattice, Inc. - LTTC.OB
Liquidmetal Technologies - LQMT.OB
Magal Security Systems - MAGS
Matrix Service - MTRX
Meridian Resource - TMR
Mesabi Trust CBI - MSB
Myers Industries - MYE
National Bankshares - NKSH
Omtool, Ltd. - OMTL.PK
OPTIONABLE INC - OPBL.OB
ORAMED PHARM INC - ORMP.OB
Orleans Homebuilders - OHBIQ.PK
P&F Industries - PFIN
PacWest Bancorp - PACW
Peoples Financial Corporation - PFBX
PET DRX CORPORATION - VETS
PICC PROPERTY AND CASUALTY CO - PPCCF.PK
Polycom Incorporated - PLCM
PowerVerde, Inc. - PWVI.OB
Preferred Bank - PFBC
PREMIER SVC BK RIVERSIDE CALIF - PSBK.OB
PT Arpeni Pratama Ocean Line Tbk - PTPMF.PK
RegeneRx Biopharmaceuticals, Inc. - RGN
ROYAL STD MINERALS INC - RYSMF.OB
Saker Aviation Services, Inc. - SKAS.OB
SEDONA Corporation - SDNA.OB
Shun Tak Holdings Ltd - SHTGF.PK
Signalife Inc. - SGN
SINGAPORE EXCHANGE - SPXCF.PK
Sinopec Shanghai Petrochemical Company Limited - SHI
State Bancorp, Inc. - STBC
Stella International Holdings Ltd - SLNLF.PK
STRATOS RENEWABLES CORPORATION - SRNW.PK
Suffolk Bancorp - SUBK
THAI STANLEY ELECTRIC THAILAND - TSETF.PK
THE BK HLDGS - TBHS.PK
The First Bancorp, Inc. - FNLC
THE9 LTD - NCTY
Track Data- TRAC.PK
TRM Corporation - AEMI.OB
USA Truck - USAK
Vasomedical Inc. - VASO.OB
Volt Information Sciences - VOL
Weis Markets - WMK
Winmark Corporation - WINA
WIRELESS AGE COMMUNICATIONS IN - WLSA.PK
Xcorporeal, Inc - XCRP.PK
Young Broadcasting - YBTVQ.PK
Z-Trim Holdings, Inc. - ZTHO.OB
Zanett, Inc. - ZANE
ZHONGHE CO LTD - ZHONF.PK
List of stocks whose chart is displaying a cup and handle formation
EGLE - Eagle Bulk Shipping
PHM - Pultegroup Inc
CIEN - CIENA Corporation
MDT - MEDTRONIC INC
PFG - PRINCIPAL FINANCIAL
TXT - TEXTRON INC
STT - STATE STREET CORP
ATML - Atmel Corporation
FLR - FLUOR CORP
TOL - TOLL BROTHERS INC
COV - Covidien Plc
KWK - Quicksilver Resources
VRTX - Vertex Pharmaceutical
CMS - C M S ENERGY CORP
CL - COLGATE-PALMOLIVE C
CB - CHUBB CORP
WM - WASTE MANAGEMENT INC
SCHN - Schnitzer Steel Ind.
EWU - WEBS United Kingdom
PRE - PARTNER RE LTD
CVH - COVENTRY HEALTH CAR
BEN - FRANKLIN RESOURCES INC
MTH - Meritage Homes
CTAS - Cintas Corporation
PSEC - Prospect Cptl Cp
NVE - SIERRA PACIFIC RESO
FMER - FirstMerit Corporation
LUK - LEUCADIA NATIONAL CORP
FOE - FERRO CORP
SWI - SolarWinds
ELNK - EarthLink, Inc.
HCC - H C C INSURANCE HLD
REGN - Regeneron Pharmaceutical
NTES - Netease.com, Inc.
SI - SIEMENS A G ADR
AGNC - American Capital Ag
TSU - Tim Participacs
ETY - Eaton Vance TxMngd
EVV - EATON VANCE LTD DUR
AEIS - Advanced Energy Ind
HMC - HONDA MOTOR CO LTD
HRBN - HARBIN ELECTRIC INC
ALSK - Alaska Communications
CAST - GREAT WALL ACQUISIT
JOE - ST JOE CORP
TWI - TITAN INTL INC
CASY - Casey's General Sto
ABD - ACCO BRANDS CORP
MEA - METALICO INC
AEA - ADVANCE AMER CSH AD
SVVS - Savvis Cp
TDS - Telephone & Data S
AXE - ANIXTER INTL INC
YZC - YANZHOU COAL MNG CO
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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