Web's Largest listing of crowdsourcing and crowdfunding events

Events

Advertise

Web's Largest Directory of Sites

2,358 crowdsourcing and crowdfunding sites

7 Hot Stocks on Traders' Radars

document Crowdfunding

7 Hot Stocks on Traders' Radars | Stockpickr News | Print Financial & Inv...

http://www.thestreet.com/print/story/11347177.html

Stockpickr

Return to Article

7 Hot Stocks on Traders' Radars
Jonas Elmerraji
12/15/11 - 02:06 PM EST

BALTIMORE (Stockpickr) -- Forget the traditional ways of generating investment ideas. Instead, let the crowd do it for you. From hedge funds to individual investors, scores of market participants are turning to social media to figure out which stocks are worth watching. It's a concept that's known as "crowdsourcing," and it uses the masses to identify emerging trends in the market. >>6 Stocks Rising on Huge Volume Crowdsourcing has long been a popular tool for the advertising industry, but it makes a lot of sense as an investment tool, too. After all, the market is completely driven by the supply and demand, so it can be valuable to see what names are trending among the crowd. While some fund managers are already trying to leverage social media resources such as Twitter to find algorithmic trading opportunities, for most investors, crowdsourcing works best as a starting point for traders who want a starting point in their analysis. Today, we'll leverage the power of the crowd to take a look at seven of the highest-trending stock searches on Google(GOOG). Here's a look at how these most searched names are trading technically.

FedEx

1 of 8

12/17/2011 6:24 AM

7 Hot Stocks on Traders' Radars | Stockpickr News | Print Financial & Inv...

http://www.thestreet.com/print/story/11347177.html

Nearest Resistance: $84.50 Nearest Support: $77.50 Catalyst: Positive Earnings Shipping giant FedEx(FDX) is moving approximately 5% higher today on strong quarterly earnings results. The firm saw its second-quarter profits jump 76% on the strength of its ground shipping business, a unit that's previously been a source of frustration for investors. FedEx is currently in a horizontal channel that makes this stock very tradable. It's important to realize that while today's move in FedEx is large, it's not material. In other words, it's a move within a channel -traders should wait for a move outside of the channel before making a bet on shares. The best way to approach this name is to wait for FedEx to break outside of the horizontal range of $77.50 to $84.50. When that move happens, take the trade in the direction of the breakout. 2012 Stock Predictions and Outlook Your one-stop shop for 2012 stock recommendations and market predictions. Either way the breakout ultimately materialized, I'd recommend keeping a protective stop back just within the channel. FedEx, one of Bridgewater Associates' top holdings as of the most recently reported quarter, is one of Jim Cramer's Stocks to Watch this week. First Solar

2 of 8

12/17/2011 6:24 AM

7 Hot Stocks on Traders' Radars | Stockpickr News | Print Financial & Inv...

http://www.thestreet.com/print/story/11347177.html

Nearest Resistance: $40 Nearest Support: N/A Catalyst: Poor Guidance Meanwhile, the opposite kind of day is taking place in shares of First Solar(FSLR). Shares of the mid-cap solar module maker are down nearly 7% on yesterday's guidance numbers, which came below analyst estimates. The solar industry has been under considerable pressure for most of 2011, shoved lower as demand dissipates from major solar buyers in the eurozone. (It's been one of the 10 Worst-Performing S&P 500 Stocks.) Yesterday, shares fell through ultimate support at $40, plunging into new all-time lows. That breakdown below support makes FSLR a good short candidate, even if shares have given up considerable ground already. A short on this name is an excellent way to take advantage of weakness in the broad market. Keep a protective stop pegged around that newfound $40 resistance level. First Solar shows up on recent lists of the 5 Worst Stocks of the Year and 5 Stocks JPMorgan Warns to Absolutely Avoid. VeriFone Systems

3 of 8

12/17/2011 6:24 AM

7 Hot Stocks on Traders' Radars | Stockpickr News | Print Financial & Inv...

http://www.thestreet.com/print/story/11347177.html

Nearest Resistance: $40 Nearest Support: $32.50 Catalyst: Earnings Miss VeriFone Systems (PAY) is having a difficult month. The electronic payment provider has underperformed the S&P 500 by more than 10% since the middle of November -- and from a technical standpoint, it doesn't look like this stock is due for a turnaround any time soon. Yesterday's earnings numbers came in below analysts' consensus estimate for the quarter. Shares are breaking down below the $40 level in today's trading session, a move that traders should be treating as a sell signal. VeriFone's inability to hold previous support at $40 indicates that sellers have just absorbed whatever semblance of demand there had been below that price. The stock's closest support level at $32.50 represents a reasonable downside target for the mid-term. A stop at that $40 resistance level makes sense for PAY. VeriFone shows up on a recent list of 4 Stocks Set for Next-Gen Mobile Boost. Avon Products

4 of 8

12/17/2011 6:24 AM

7 Hot Stocks on Traders' Radars | Stockpickr News | Print Financial & Inv...

http://www.thestreet.com/print/story/11347177.html

Nearest Resistance: $17.50 Nearest Support: $16 Catalyst: Management Shakeup Cosmetics firm Avon Products(AVP) is settling from the 5% gain shareholders got yesterday following news that the firm would be searching for a new chief executive. Veteran CEO Andrea Jung will be transitioning to a role on the board. The news has provided some hope for investors, who've seen Avon nearly halve in value in 2011. From a technical standpoint, it looks like this stock may finally be basing. From a technical standpoint, Avon is forming a double bottom with support at $16. Traders should wait for AVP to push above the $17.50 resistance level set yesterday before going long Avon. Rising RSI is providing some added confirmation of a potential up move; when the buy triggers, consider a protective stop at $16. Avon shows up on recent lists of the 5 Worst Consumer Stocks That May Be Stars in 2012 and 6 Retailers Banking on a New CEO in 2012. Lam Research

Nearest Resistance: $43 Nearest Support: $36-$37 Catalyst: Acquisition Significant attention is being paid to Lam Research (LRCX) today, following news that the mid-cap semiconductor firm was buying chipmaker equipment firm Novellus (NVLS) in a $3.3 billion deal. Not surprisingly, shares of Novellus are rallying more than 21% on the news -- and Lam is down more than 4% as investors wring their hands about potential risks of the merger. As an all-stock deal, the two stocks are essentially going to trade in lock step with one another for the foreseeable future. With LCRX coming up on a key support level in the $36 to $37 range, this could be a good opportunity for traders to buy a bounce in the next few market sessions. Lam Research shows up on a recent list of 7 Stocks JPMorgan Thinks You Should Buy. SPDR Gold Trust ETF

5 of 8

12/17/2011 6:24 AM

7 Hot Stocks on Traders' Radars | Stockpickr News | Print Financial & Inv...

http://www.thestreet.com/print/story/11347177.html

Nearest Resistance: $157.50 Nearest Support: $145 Catalyst: Flight to Quality Gold's been getting hammered in December, the SPDR Gold Trust ETF(GLD) falling more than 10% through an ironic mix of equity buying and flight to quality. For months, gold was tied with treasuries as the "flight to quality" asset of choice -- but that changed when the Fed announced Operation Twist back in September. Now the combination of a brief equity rally at the start of the month and a flight to quality back into Treasuries is sparking a selloff in gold. Surprising as the selloff may seem for most traders, it's important to follow the technical cues on this stock before buying into the macro case for owning this metal. Wait for shares to base -- potentially around $145 support -- before looking for a buying opportunity in this name. For now, gold remains in slide mode. Nordson

Nearest Resistance: $42

6 of 8

12/17/2011 6:24 AM

7 Hot Stocks on Traders' Radars | Stockpickr News | Print Financial & Inv...

http://www.thestreet.com/print/story/11347177.html

Nearest Support: $38 Catalyst: Earnings Miss Equipment manufacturer Nordson (NDSN) was another name that posted an earnings miss in today's trading session, causing close to a 9% drop in shares as of this writing. Nordson's chart may look bearish at the moment, but the downside looks short-term at best right now. That's because even though Nordson pushed through former support at $42, a much stronger support level at $38 should act as a "floor" for this stock in the near-term. Traders who missed the initial break of $42 may as well wait it out for a bounce off of that more significant support level. In the meantime, I'd recommend sitting on the sidelines while this name plays itself out. To see these stocks in action, check out the at Most-Searched Stocks portfolio on Stockpickr.

-- Written by Jonas Elmerraji in Baltimore.
RELATED LINKS: >>5 Big Stocks to Trade for End-of-Year Gains >>5 Earnings Stocks Poised to Pop >>5 Stocks Fund Managers Hate for 2012 Follow Stockpickr on Twitter and become a fan on Facebook.

Visit TheStreet for more great features
THESTREET PREMIUM SERVICES
From the action-oriented investing ideas of Action Alerts PLUS by Jim Cramer to the expert technical trading strategies of Helene Meisler's Top Stocks, TheStreet.com offers a range of premium services to help boost your portfolio's performance. View now.

FREE NEWSLETTERS
Get an edge on the market with the help of free email newsletters like Jim Cramer's Daily Booyah!. Learn about the day's major market events, companies that sizzled or fizzled and lots more that can help you make more profitable investing decisions. Sign up.

EXPERT ADVISORS ALERTS DELIVERED TO YOUR INBOX
Action Alerts PLUS: Cramer's personal portfolio, emails before he acts. RealMoney: 70+ experts share their top investing ideas and analysis. Stocks Under $10: Alerts identify undervalued stocks with profit potential.

Sponsored Links

Extreme Day Trading
Learn How Professional Trading Really Works With Our Easy Video Course
www.extreme-daytrading.com

Refinance Rates Hit 2.9%
$160k Mortgage for $632mo. No Hidden Fees. No SSN Required!
Lendgo.com/Mortgage

Sub Penny Stocks
We find them before they explode. Sign up Free
www.PennyInvest.com
Buy a link here

Brokerage Partners

7 of 8

12/17/2011 6:24 AM

7 Hot Stocks on Traders' Radars | Stockpickr News | Print Financial & Inv...

http://www.thestreet.com/print/story/11347177.html

TheStreet Corporate | Home | About Us | Advertise | Reprints | Customer Service | Employment | Privacy Policy | Sitemap | Topic Archive | Video Archive | Stock Quotes Online | Terms of Use TheStreet's enterprise databases running Oracle are professionally monitored and managed by Pythian Remote DBA. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions. TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period. IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month. *Oil Data in Market Overview is Brent Crude Pricing

© 2011 TheStreet, Inc. All rights reserved.

8 of 8

12/17/2011 6:24 AM

Summary Forget the traditional ways of generating investment ideas. Instead, let the crowd do it for you. From hedge funds to individual investors, scores of market participants are turning to social media to figure out which stocks are worth watching. It's a concept that's known as "crowdsourcing," and it uses the masses to identify emerging trends in the market.

Description While some fund managers are already trying to leverage social media resources such as Twitter to find algorithmic trading opportunities, for most investors, crowdsourcing works best as a starting point for traders who want a starting point in their analysis. Today, we'll leverage the power of the crowd to take a look at seven of the highest-trending stock searches on Google(GOOG).

Tags: Avon Products, Crowdsourcing, FedEx, First Solar, Google, Lam Research, Nordson, Stockpickr

Posted by Jason Robbins

Dec 15, 2011 11:12 pm GMT Viewed 1683 times

Author: Jonas Elmerraji Source

Contact us if you are owner of this content and want to make changes.

Download Flag This

Events

7 Hot Stocks on Traders' Radars

Comments

Crowdsourcing.org

Categories

Content

Crowdsourcing.org, an initiative by massolution®

Events

Related Content

7 Hot Stocks on Traders' Radars

Comments

Crowdsourcing.org

Categories

Content

Crowdsourcing.org, an initiative by massolution®