Canadian Solar (CSIQ) is a Great Momentum Stock: Should You Buy?
It’s also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Canadian Solar currently has a … Continue reading at finance.yahoo.com
Stock Market News: Aurora Opens Marijuana Earnings Season While Caterpillar Celebrates Trade Talks
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The Canadian Stock Market Is Stoned
There's a new report out today that predicts the Canadian market for cannabis will be worth $ 5 billion by 2021. That may seem like a lot of joints but it's actually a shockingly small amount of joints … Continue reading at thestranger.com
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Canadian Marijuana Shortage: How It's Impacting Pot Stocks and When It Will End
Brightfield reassessed the Canadian market to be worth $ 5.0 billion by 2021 due to weaker … look no further than the OrganiGram Holdings Inc (OTCMKTS:OGRMF, CVE:OGI) stock surge that took place foll… Continue reading at profitconfidential.com
Reasons to shun equities right now, challenges for this iconic retailer, and proof that timing the market is useless
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Aurora Stock Earnings Preview: ACB Stock Looks Risky, But Undervalued
Leading Canadian cannabis … is a materially undervalued stock supported by healthy long-term growth fundamentals. In the potentially enormous global cannabis market, Aurora is a sales and … Continue reading at investorplace.com
Stock Market Today: Morgan Stanley Makes an Acquisition and Restaurant Brands Reports Growth
Morgan Stanley is paying $ 900 million to buy Solium Capital, a Canadian company that manages employee stock equity plans, and shares of the bank slipped 1.5%. The all-cash deal represents a pricey 43% … Continue reading at fool.com
Canadian Market Edges Higher After Slightly Shaky Start
The market is also digesting data on building … assets and assumes all current lease arrangements. The stock is down marginally. On the economic front, a report from Statistics Canada said Canadian … Continue reading at nasdaq.com
2 Canadian Dividend Stocks to Buy in a Market Correction
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Energy and financial help lift Toronto market, U.S. stock surge higher
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* 12/17/13 – www.TheTechTrader.com – There are still a lot of good looking charts on the long side. The stock market had an interesting day on Tuesday, and although it was down just fractionally, it enabled a lot of stocks to still do well. So let’s take a look at some of those charts for now.
Adept Technology Inc. (ADEP) is a stock that we spotted on the breakout around 5.50, did a great swing trade, then another, and continues to move upward. On Tuesday, it was up another 1.36, or 11.6%, on 829,100 million shares. That’s one of the biggest days all year. It moved out of the falling wedge on Monday, and on Tuesday, it moved up to the recent high at 12 1/2, and closed over 13 at 13.05. It had a fabulous day. There may be a little bit more coming on the upside. The angle of ascent shows potential at about 14, and if it gets through that, it could spike up to 15 or 16. This is a stock in motion, with good volume and good technicals.
Himax Technologies, Inc. (HIMX) had another nice day on Tuesday. Although Monday’s volume was near 20 million shares, it backed off on Tuesday to 11.4 million shares. It was still a good day, up 32 cents, or 2.7%. Once it’s gone above that line and followed through, the only thing that appears to hold it back is the short-term channel top, which is tagged over the last day, or two, and connects the highs. If it accelerates, it could make a quick move to 14-15. If not, it may consolidate, and then move a little bit. It looks like the angle of ascent is going to be steeper, and this stock is going to work its way up to 15 plus.
YRC Worldwide Inc. (YRCW) had a great day on Tuesday. It pulled back in the morning to 12.05, and closed at 13.99, up 94 cents, or 7.2%, on 2.4 million shares. A big reversal for this stock, and it held support. If it gets through 14.40, the next target is 17.
Zhone Technologies Inc. (ZHNE), which, although it didn’t break out, it popped about 35 cents and closed up 26 cents, or 5.6%. If it can break out above the declining topsline, look for a retest of the 6-6 1/2 range, and eventually getting up to 7 1/2. Watch this for a nice swing trade, potentially, if it gets going on Wednesday.
Other stocks on Harry’s Charts of the Day are AerCap Holdings N.V. (AER), Avago Technologies Limited (AVGO), Canadian Solar Inc. (CSIQ), Gogo Inc. (GOGO), Gray Television Inc. (GTN), Idera Pharmaceuticals, Inc. (IDRA), iRobot Corporation (IRBT), JinkoSolar Holding Co., Ltd. (JKS), Orion Energy Systems, Inc (OESX), and Prana Biotechnology Limited (PRAN). http://www.TheTechTrader.com
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