Stock Picks For Thursday 9 September: Motorola, NetApp, JA Solar Holdings, Banner Corporation, Ciena Corporation, Hemispherx BioPharma, Royale Energy, Generex Biotechnology, Cell Therapeutics

JA Solar Holdings Co., Ltd. (JASO: 7.24 0.00 0.00%) broke out $6.95 to new 52 week high with a huge volume above daily average. Technicaly chart shows the stock is still in a very strong bull market with MACD on top of signal line and 50 day moving average on top of 200 day moving average, so we should see the stock keep going strong for a while. I'll be watching JASO on Thursday for a follow through move. I am buying the stock once it breaks Wednesday's high of $7.35. JASO will move fast, so watch it closely.

 

NetApp Inc. (NTAP: 46.43 0.00 0.00%) broke out to record highs today on heavy volume confirmation indicating that this breakout is more likely to be real. However at this point we may need to pull back and retest $44.89 to reset the overbought conditions and provide some room to develop a new trend up. Keep watching the stock.

 

Banner Corporation (BANR: 2.31 0.00 0.00%) has been under a buying pressure in the last few days, and overall the stock still looks healthy. The technical indicators look good at this stage, as seen in the chart above. The RSI indicator sloping up and crossing the 50 mark and MACD crossover indicates a change in trend from the downswing, which is bullish. I expect the shares to test prior highs in the $2.33 area in the coming days.

 

Shares of Ciena Corporation (CIEN: 14.12 0.00 0.00%) rose 5.14 percent to $14.12 with 12.50 Million of shares traded after the company reported a smaller-than-expected quarterly loss, helped by higher services revenue, but forecast weak fourth-quarter revenue as the communications equipment maker remained cautious in the face of continuing macroeconomic uncertainties. Excluding items, the company lost just 9 cents a share. Revenue more than doubled to $389.7 million, helped mainly by the acquisition of the metro ethernet networks business of Nortel Networks Corp. Analysts on an average had expected a loss of 33 cents a share on revenue of $386.3 million. Looking at the technical chart the stock has crossed its major resistance line at $14.03 ( 200 MA ) with strong volume. The MACD indicator is above its signal line and is indicating further strength. The -DI has cut below the +DI line, this implies that uptrend will most likely continue. CIEN is a fast moving stock, so keep a close eye on the stock.

Other stocks to watch :

Motorola, Inc. (MOT: 7.98 0.00 0.00%) – Next Resistance Level for Motorola (MOT) is $8.02Hemispherx BioPharma, Inc (AMEX:HEB) – I like the stock as long as it remains above $.50.

Royale Energy, Inc. (ROYL: 1.96 0.00 0.00%) – I own the stock and like it for the long term.

Generex Biotechnology Corporation (GNBT: 0.4135 0.00 0.00%) – The stock is pulling back to the 20 day moving average after the recent spike higher. If you like GNBT, this would be a great area to buy.

Cell Therapeutics, Inc. (CTIC: 0.383 0.00 0.00%) – The stock closed below the resiatnce level again, this is something worth watching. It is still a bearish signal. The next support level is 0.35 and 0.39 is the major resistance. I am now being cautious until we close back over $.40.

New 52-week High stocks

ZGEN – ZymoGenetics, Inc.
JASO – JA Solar Holdings C
LVS – LAS VEGAS SANDS CP
NTAP – NetApp Inc
MO – ALTRIA GROUP
ATML – Atmel Corporation
DTV – Directv A
SLW – Silver Wheaton
GMCR – Green Mountain Coffee
NZ – Netezza Corp
NFLX – Netflix, Inc.
MCD – MCDONALDS CORP
ARMH – ARM Holdings, plc
BVF – BIOVAIL CORPORATION
INTU – Intuit Inc.
VOD – Vodafone Gp Plc
AKAM – Akamai Technologies
AMT – AMERICAN TOWER CORP
CTXS – Citrix Systems, Inc.
BKC – BURGER KING HOLDING
ROVI – Macrovision Corporation
VHC – PASW Inc.
YUM – TRICON GLOBAL REST INC
WIN – Windstream Corp
ARUN – Aruba Networks Inc
MIPS – MIPS Technologies
UNP – UNION PACIFIC CORP
RHT – Red Hat, Inc.
TIBX – TIBCO Software, Inc.
FFIV – F5 Networks, Inc.
ANV – Allied Nevada Gold
JKS – JINKOSOLAR HOLDINGS
ENTR – Entropic Communication
CCI – Crown Castle International
VRSN – VeriSign, Inc.
AGU – AGRIUM INC
PAY – Verifone
PCLN – priceline.com Incorporation
APKT – Acme Packet Inc
HLF – HERBALIFE LTD
VRX – I C N PHARMACEUTICAL
SBAC – SBA Communications
QSFT – Quest Software, Inc.
ADTN – ADTRAN, Inc.
NSU – NEVSUN RESOURCES LTD
TSCO – Tractor Supply Company
LNT – Alliant Energy Corp
AIZ – ASSURANT INC

New 52-week Low stocks

HRB – BLOCK H & R INC
SLAB – Silicon Laboratories
ZRAN – Zoran Corporation
BRKS – Brooks Automation
ASIA – Asiainfo Linkage
CHBT – China-Biotics Inc
SYUT – VORSATECH VENTURES INC

Unusual Volume detected

UNDT – Universal Detection Technology
QMIN – Kentucky Energy, Inc.
ZGEN – ZymoGenetics, Inc.
LDSR – LANDSTAR INC
MFLI – BRAVADA International Ltd
IJJP – IJJ Corp.
TUNE – Microtune Inc
GCKO – GeckoSystems International Corporation
EQLB – EQ Labs, Inc.
ULU – ULURU Inc
NRGY – INERGY LP
ANWM – Anywhere MD, Inc.
HDY – Hyperdynamics Corp 1
CHJHF – China Telecom CP H
NTWK – NetSol International
REE -Rare Element Res Ltd Ordinary S
SOPW – Solar Power Inc
LGAL – Legal Access Technologies Inc.
EDIG – E Digital Corp
VKNG – Viking Systems, Inc.
SBCF – Seacoast Banking Co
HTM – US Geothermal Inc

The following list show stocks whose share price crossed above its 50-day moving average.

DELL – Dell Inc
S – Sprint Corp FON Group
NBR – Nabors Industries Inc
LUV – SOUTHWEST AIRLINES CO
BA – BOEING CO
UTX – UNITED TECHNOLOGIES
AIG – AMERICAN INTERNATIONAL
CMA – COMERICA INC
AMX – America Movil SA
SFI – ISTAR FINANCIAL INC
ENTG – Entegris, Inc.
JCG – J CREW GROUP INC
K – KELLOGG CO
BBVA – BANCO BILBAO VIZCAYA
TMX – TELEFONOS DE MEXICO
AFFY – Affymax Inc
TAP – ADOLPH COORS CO
CHNG – Coventure International
BC – BRUNSWICK CORP
ATW – ATWOOD OCEANICS
SMOD – SMART MODULAR TEC
ES – EnergySolutions Inc

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.