Stock Picks : Apple, Cell Therapeutics, OceanFreight, Generex Biotechnology

 

 

Apple (AAPL: 260.83 0.00 0.00%) - The stock had a pretty good rebound on price accompanied with volume. However, I still need to see more with a breakout above 265 and higher volume. The technical daily chart shows the stock is in a strong bull market with 50 day moving average on top over 200 day moving average. Although KD is showing some weakness as %K line is below %D line, for the long term the stock should continue to go up. If the stock can break through $265, I expect to see momentum drive the price higher.

 

 

Cell Therapeutics (CTIC: 0.3422 0.00 0.00%) - Last month, I showed a chart of the Cell Therapeutics breaking down. This is obviously an interest sensitive stock waiting for news. The stock gapped down and fell sharply last week. This move created an oversold situation that has been worked with a bounce. I note that the recent volume is decreasing, which portends weakening in the short-term bullish momentum and the trend is unlikely to continue and prices will either increase at a slower rate or start to fall. For the coming week exercise caution in buying.

 

 

OceanFreight (OCNF: 0.50 0.00 0.00%) - Sounds like OCNF is gaining some momentum again. The stock has made a strong bounce off of the lows that were posted earlier in the week with high volume. The technical daily chart shows possible new rally as %K line is back above %D line, while the RSI is also gaining strength. If a proper breakout happens at 0.55 we can see a target of 0.703.

 

 

Generex Biotechnology Corporation (GNBT: 0.40 0.00 0.00%) jumped up by 3.16% and closed at $0.392 with total volume of 1.78 million shares. Upside volume has been good lately and there are two levels to watch for a breakout: $0.43 and $0.454. The technical indicators are improving with increased accumulation. Keep GNBT on your radar!!!
Stocks that have a Bullish Engulfing pattern at the end of their daily chart

DYN - Dynegy Delaware Inc
TAP - ADOLPH COORS CO
BJ - BJ'S WHOLESALE CLUB
REGN - Regeneron Pharmaceutical
VLTR - VOLTERRA SEMICONDUCTOR
CLH - Clean Harbors, Inc.
COGT - COGENT INC
FICO - Fair Isaac Inc
GFIG - GFI GROUP INC
PLAB - Photronics, Inc.
ART - ARTIO GLOBAL INVEST
BKH - BLACK HILLS CORP
FRED - Fred's, Inc.
VSI - Vitamin Shoppe

Stocks that have a Bearish Engulfing pattern at the end of their daily chart

F - FORD MOTOR COMPANY
WFC - WELLS FARGO &
NOK - NOKIA CORP
MO - ALTRIA GROUP
HPQ - HEWLETT-PACKARD CO
HD - HOME DEPOT INC
EBAY - eBay Inc.
HBAN - Huntington Bancshar
PM - Philip Morris International
WIN - Windstream Corp
KFT - KRAFT FOODS INC
CBS - CBS Cl B
ONNN - ON Semiconductor Co
CAT - Caterpillar Inc
SPLS - Staples, Inc
EK - EASTMAN KODAK CO
ABX - BARRICK GOLD CORP
CIEN - CIENA Corporation
MAS - Masco Corporation
APA - APACHE CORP
MMM - 3M, MINNESOTA MNG
BTU - PEABODY ENERGY CORP
EWY - WEBS South Korea
HCBK - Hudson City Bancorp.
BA - BOEING CO
AVP - AVON PRODUCTS INC
SPN - SUPERIOR ENERGY SVC
DNDN - Dendreon Corporation
WM - WASTE MANAGEMENT INC
RCL - ROYAL CARIBBEAN CRU
CMI - CUMMINS ENGINE CO INC
KMB - KIMBERLY CLARK CORP
ATHR - ATHEROS COMMUN INC
LEAP - LEAP WIRELESS INTL
RHT - Red Hat, Inc.
FRX - FOREST LABORATORIES
AXL - American Axle
ROST - Ross Stores, Inc.
TDW - TIDEWATER INC
NTRS - Northern Trust Corp
WY - WEYERHAEUSER CO
MF - MF Global Hld Ltd
ADCT - ADC Telecommunications
HAS - HASBRO INC
AMCC - Applied Micro Circuits
MTW - MANITOWOC CO INC
CNI - CANADIAN NATL RAIL CO
SOLF - Solarfun Power Hold

List of stocks with an unusual high volume over last week

THRA - Therma-Med, Inc.
MON - Monsanto Co
TPHM - Thomas Pharmaceuticals Ltd.
NTAP - NetApp Inc
OOAG - OMDA Oil and Gas Inc
JSDA - Jones Soda Co
TLAN - Talent Alliance Inc
OII - OCEANEERING INTL INC
BCON - Beacon Power Corp
ZIOP - EASYWEB INC
CXMSF - Cemex Sa Da Cv Cpo
CIE - Cobalt International
EEB - Claymore BNY BRIC
DGIT - DG FastChannel
FSII - FSI International
FWTC - Freshwater Technolo
ESPH - Ecosphere Technolog
EHMI - SEARCHHELP INC
PNRC - Premier Nursing Pro
AEGY - Alternative Energy
JAS - JO-ANN STORES INC
TTEC - TeleTech Holdings
GTXI - GTX INC
BFR - BANCO FRANCES DEL R
DTSL - Delivery Technology
HNP - HUANENG POWER INTL INC
TLPH - Teliphone Corp
EDMC - Education Management
BYOC - Reel Estate Services
STXXQ - SOUTH TEXAS OIL COMP
LBSV - Liberty Silver Corp
PBEC - Pacific Blue Energy
ABCP - Ambase Corp
EGHT - 8X8 Inc
HIT - HITACHI LTD
AVGCF - Avion Resources Corp
SGTPY - Surgutneftegaz Pref
AMLM - American Lithium M
HEPI - HEALTH ENHANCEMENT
UNGS - Adventure Energy Inc
FEWP - Celestial Delights
PAYI - Pay88 Inc
JAVO - Javo Beverage Co Inc
UVE - Universal Insurance
APNT - Nano Proprietary Inc
IMYN - Immunosyn Corp
NAUH - Camden Learning Corp
APLL - Apolo Gold Inc
BCUFF - Bell Copper Corp
CHAG - Chancellor Group Inc
CJBK - Monmouth Community
GEECF - Life Energy Technol
CTCC - City Capital Corp
WTKN - WellTek Inc
AMCRY - Amcor Limited
VDC - VANGUARD CONSUM STA
CRMY - Carmel Energy Inc
CMM - China Mass Media

Disclaimer: This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.