Kensey Nash Corp. (KNSY) recently reported strong results for the fourth quarter and full year 2009. Quarterly profit came in at 41 cents per share, compared to the Zacks Consensus Estimate of 38 cents and the year-ago loss of 9 cents per share.
Quarterly Results
Sales
Net sales in the quarter were $20.5 million, down about 7% [...]
Chart courtesy of www.stockcharts.com ( click to enlarge )
APSG recorded a new high in the last trading session. Short-term outlook for the stock is bullish. Buy the stock in dips with a stop-loss at 18. The technical daily chart looks Bullish with both 20, 50 and 200 daily moving averages going up and MACD on top of 0, RSI in a Bullish area too. I'll be watching her carefully for any possible opportunities.
Chart courtesy of www.stockcharts.com ( click to enlarge )
BAX - Trendline support has been broken this week on the daily chart at $57 with the next target at $48. An aggressive trader may want to short BAX here. Technically, the stock is in a Bearish mode with MACD below signal line and the price below both 50 and 200 day moving averages. The stock has a key support level at $48.84. Buy only when the stock reverses from this support.
Chart courtesy of www.stockcharts.com ( click to enlarge )
KNSY - It looks like the buyers are finally aware of the buying opportunity at this level after the big drop occured on Thursday. On the daily chart we have an ascending channel indicating a short term bullish momentum.I note that the daily momentum indicator is displaying bearish divergence, which portends weakening in the bullish momentum. Immediate support is seen at 18.55. Initial resistance at 19.22.
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.
The accompanying table (click to enlarge) includes 40 companies in the ETF Innovators Global Stem Cell and Regenerative Medicine Index, which represents an expansion of the Emerging Stem Cell Index I have written about previously. The expanded global index includes companies with market caps less than $1B at the index inception with a total market value of $3,814 as of the close[More...]
Considering Friday’s late day surge and the action in world markets to start the week, we are likely to get a strong rally today, and even possibly an intermediate term bottom. I plan to play this rally fairly aggressively, including looking for some advantageous entries premarket. Here are some of the names I am considering:
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Corey Rosenbloom at Afraid To Trade has a good breakdown of the somewhat divergent technical picture for the major indexes. I have a more bearish take, but agree the picture is far from clear. I think oil has a better chance of going up than down this week, considering support around 90.00 and the ascending 200 day moving average beneath.As we see[More...]
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