Each day we write a few articles covering stocks making key technical developments.

Eldorado Gold Corp: Firming up at prior low on heavy volume (NYSE:EGO)

by Josh Articles

Eldorado Gold Corp. ($EGO) was last at $6.12 on a volume of 5,004,500 shares Average daily volume has been 5,149,290 shares, putting EGO to trade about twice the average volume today.

Shares are in a downtrend, trading below the 200 day moving average. Shares are, however, forming a potential double bottom, a bullish reversal chart pattern. Shares are trading well below the 200 day SMA, currently at $8.38 or 37% above the current price of EGO.

52 Week Range $5.56-$15.64
Market Cap 4,378,262,273
Average Volume 7,411,012
Dividend Yield 1.71%
Institutional Ownership 61.60%
Insider Ownership: 0.00%
Percentage of Float Short 0.50%
Beta 0.07

Eldorado Gold Corp is a gold exploration, development, mining and production company. It owns and operates gold, iron ore and silver-lead-zinc mines.

Coil Resolving on Midstates Petroleum (NYSE:MPO)

by Josh Articles

Midstates Petroleum ($MPO) was last at $6.20 on a volume of 1,811,860 here at 2 pm EST. Average daily volume has been at 929,451 shares.

Shares are resolving the symmetrical triangle (coil) pattern and well as breakout out of their downward channel on high volume today. Shares are approaching the 200 day moving average, currently at $6.33.

52 Week Range $4.26-$8.95
Market Cap 426,212,569
Average Volume 929,451
Dividend Yield 0.00%
Institutional Ownership 30.30%
Insider Ownership: 0.00%
Percentage of Float Short 6.90%
Beta 2.46

Midstates Petroleum Co Inc is an independent exploration and production company focused on the application of modern drilling and completion techniques to oil-prone resources.

Vale: Testing the 200 day (NYSE:VALE)

by Josh Articles

Vale SA ($VALE) is testing the 200 day moving average today again today. The 200 day is sitting at $16.34 with shares trading at $16.39. The 200 day moving average has served as resistance after breaking down in March.

Vale shares have been printing higher lows since August. The rising support level is on track to cross the 200 day very near November earnings. Volume has been about average today with 15 Million shares trading here with an hour left in the trading day (17 million shares is the daily average).

52 Week Range $12.39-$21.88
Market Cap 115,860,245,782
Average Volume 18,736,707
Dividend Yield 6.96%
Institutional Ownership 8.90%
Insider Ownership: 0.00%
Percentage of Float Short 1.00%
Beta 1.53

Vale SA Vale SA is a metals & mining company. It produces & supplies iron ore, iron ore pellets, nickel, manganese ore, ferroalloys, copper, coal, phosphates, potash, cobalt & others. Company also provides logistics services & invests in energy & steel industry.

RF Micro Devices: New 52 Week High (NASDAQ:RFMD)

by Josh Articles

RF Micro Devices Inc. ($RFMD) is trading at $6.06 on light volume, 1,154,140 shares here at the noon hour. Average daily volume has been at 4,762,588 shares.

RF Micro ($RFMD) is continuing the pre-earnings climb started in September and is continuing to print new 52 week highs. Earnings are set to be released on October 22nd. In addition to price, implied volatility has doubled from 32% to 64% and option traders price in the uncertainty caused by the upcoming earnings release.

52 Week Range $3.55-$6.04
Market Cap 1,701,959,530
Average Volume 4,762,588
Dividend Yield 0.00%
Institutional Ownership 77.40%
Insider Ownership: 3.10%
Percentage of Float Short 6.10%
Beta 2.01

RF Micro Devices, Inc. designs and manufactures of high-performance radio frequency (RF) components and compound semiconductors technologies.

Continuing the pattern: Intuitive Surgical Inc. (NASDAQ:ISRG)

by Josh Articles

Intuitive Surgical Inc. ($ISRG) is up 1.74% at $387.61 on a volume of 521,387 shares today just above the average daily volume with one hour left in trading today.

Shares opened near the 50 day moving average, traded up and closed near the open yesterday. This created a candlestick pattern known as a [gravestone] doji. As with everything, context is critical, when this pattern forms at the top of a high momentum move it can often be viewed as a bearish development. However, when this pattern forms outside of that context, it’s very often a bullish pattern, signally aggressive buyers are present.

Today’s price action ISRG is continuing the move signaled yesterday, to the upside.

52 Week Range $357.02-$585.67
Market Cap 15,417,370,616
Average Volume 473,636
Dividend Yield 0.00%
Institutional Ownership 96.00%
Insider Ownership: 0.90%
Percentage of Float Short 5.40%
Beta 1.48

Intuitive Surgical Inc. Intuitive Surgical, Inc., designs, manufactures and markets da Vinci Surgical Systems, EndoWrist instruments, and surgical accessories.

KB Home: Take a Symmetrical Triangle and add a slope? (NYSE:KBH)

by Josh Articles

KB Home ($KBH) share are testing the 50 day moving average ($17.11). KBH was last at $17.19 on a volume of 4,137,850. shares. Average daily volume has been at 4,821,809, putting today’s action a bit higher than normal with 2 hours left in the trading day.

Shares have formed a falling wedge pattern which is a bullish reversal pattern. Basically take a coil and add a downward slope and a falling wedge is formed. Shares have been consolidating below the 200 day moving average (last at $19.22).

Should the 50 day moving average hold, technicians will be watching for a breakout above the key moving average (200 Day SMA) on high volume to confirm the reversal.

52 Week Range $13.09-$25.14
Market Cap 1,437,360,434
Average Volume 4,821,809
Dividend Yield 0.58%
Institutional Ownership 96.20%
Insider Ownership: 1.70%
Percentage of Float Short 22.70%
Beta 2.37

KB Home constructs and sells homes through its operating divisions across the United States. It operates homebuilding and financial services business serving homebuyers in markets nationwide.

First Solar Inc.: Continuing to fill the gap (NASDAQ:FSLR)

by Josh Articles

First Solar Inc. ($FSLR) is continue the move to the upside. First Solar Inc. is up 2.32% at $44.08 on a volume of 4,517,260 shares here half an hour before the close.

First Solar Inc. continues to trade along the upper edge of the price envelope. Shares have seen strong momentum after breaking back above the 50 day moving average.

52 Week Range $19.68-$59.00
Market Cap 4,301,366,781
Average Volume 4,195,983
Dividend Yield 0.00%
Institutional Ownership 0.00%
Insider Ownership: 0.50%
Percentage of Float Short 11.00%
Beta 1.78

First Solar Inc. First Solar, Inc. designs, manufactures and sells solar electric power modules using a proprietary thin film semiconductor technology. Its business includes project development, engineering, procurement & construction, operating and maintenance services.

HCA Holdings: New Highs (NYSE:HCA)

by Josh Articles

HCA Holdings ($HCA) is printing another new 52 week high today. HCA Holdings is up 0.73% at $45.71 on a volume of 4,711,450 shares, on track for double the average trading volume today.

Shares broke out of consolidation in September and have rallied 18.7% in the past month. Short term shares are extended, but have exhibited some strong momentum after resolving their consolidation.

52 Week Range $27.92-$45.46
Market Cap 20,432,609,121
Average Volume 2,821,815
Dividend Yield 0.00%
Institutional Ownership 0.00%
Insider Ownership: 0.40%
Percentage of Float Short 1.60%
Beta 1.87

HCA Holdings is above the 50 day moving average and above the 200 day moving average.

HCA Holdings HCA Inc. is a health care services companies in the United States comprised of 157 general, acute care hospitals; five psychiatric hospitals; and one rehabilitation hospital.

Health Net: Leading stock in today’s leading industry (NYSE:HNT)

by Josh Articles

Health care plans are the leading industry in the market today. Health Net Inc. ($HNT) was last at $32.90 on a volume of 493,948. Average daily volume has been at 840,985.

Health Net opened just above the 50 day moving average and has continued to trade up. Shares are in a rising wedge chart pattern.

52 Week Range $21.09-$33.90
Market Cap 2,612,199,661
Average Volume 840,985
Dividend Yield 0.00%
Institutional Ownership 96.10%
Insider Ownership: 2.60%
Percentage of Float Short 2.10%
Beta 1.13

Health Net, Inc. is an integrated managed care organization that delivers managed health care services through health plans and government-sponsored managed care plans.

JA Solar Holdings: Continuing the move to the up side (NASDAQ:JASO)

by Josh Articles

JA Solar Holdings Co. Ltd. ADS ($JASO) is continuing the move to the upside. JA Solar Holdings Co. Ltd. ADS is up 3.85% at $10.30 on a volume of 2,810,980 shares, already well above the average daily volume of 1.6 million shares.

JA Solar Holdings Co. Ltd. ADS is trading along the upper edge of the price envelope. Friday shares rallied after breaking out of the symmetrical triangle chart pattern (coil) they had been forming since June. Symmetric triangles are continuation patterns and so far this recent coil appears to be resolving to the upside on nice volume.

52 Week Range $2.91-$11.40
Market Cap 409,720,390
Average Volume 2,292,591
Dividend Yield 0.00%
Institutional Ownership 2.50%
Insider Ownership: 0.00%
Percentage of Float Short 9.80%
Beta 3.27

JA Solar Holdings Co. Ltd. ADS is above the 50 day moving average and above the 200 day moving average.

JA Solar Holdings Co. Ltd. ADS JA Solar Holdings Co. designs, manufactures and markets high-performance solar cells, which are made from specially processed silicon wafers.

International Paper Testing the 200 day (NYSE:IP)

by Josh Articles

International Paper Co. ($IP) is down -4.00% at $45.42 on a volume of 3,901,740 shares today. That volume puts International Paper on track to trade about double the average volume today.

Shares gapped down to the $46 support level and have continued to trade lower, finding temporary support at the 200 day moving average, currently at $44.78. Technicians will be watching the price action around the 200 day, a breakdown below the key moving average would likely create some additional selling pressure.

52 Week Range $32.95-$50.33
Market Cap 20,247,649,411
Average Volume 3,080,698
Dividend Yield 2.96%
Institutional Ownership 90.00%
Insider Ownership: 1.40%
Percentage of Float Short 1.60%
Beta 2.35

International Paper Co. International Paper Co. produces and distributes printing paper, packaging, forest products, and chemical products. The Company operates in four segments namely industrial packaging; printing papers; consumer packaging, and distribution.

New York Times (NYSE:NYT) Resolving it’s coil

by Josh Articles

New York Times Co. Cl A ($NYT) is up 4.46% at $12.15 on heavy volume, 1,557,860 shares. New York Times Co. continues to trade along the upper edge of the price envelope.

Shares are moving higher after consolidating from the large run up in July. Shares opened at 11.58, just below the 50 day moving average which is currently at $11.70.

52 Week Range $7.72-$12.84
Market Cap 1,819,575,969
Average Volume 1,007,538
Dividend Yield 2.06%
Institutional Ownership 80.10%
Insider Ownership: 1.30%
Percentage of Float Short 12.30%
Beta 1.82

New York Times Co. Cl A New York Times Company is a global, multimedia news and information company that currently includes newspapers, digital businesses, investments in paper mills and other investments.

Yume Inc: Small Cap Leading the Pack (NYSE:YUME)

by Josh Articles

Yume Inc ($YUME) closed at $11.36 +$0.50 (+4.6%) on a volume of 231,406 shares today. The average share volume is sitting at 338,771 shares, 184,034 if the IPO volume is disregarded.

Yume ($YUME) has out performed it’s peers this path month, returning 27.83% making it the top performer in the Advertising and Marketing Services industry. Support is around the $10 price level.

52 Week Range $7.80-$11.75
Market Cap 363,124,218
Average Volume 0
Dividend Yield 0.00%
Institutional Ownership 0.00%
Insider Ownership: 0.00%
Percentage of Float Short 0.00%
Beta 0.00

YuMe Inc, through its proprietary technology, provides digital video brand advertising solutions.

Vale: Consolidating below the 200 day (NYSE:VALE)

by Josh Articles

Vale SA ($VALE) was last at $16.44 up $0.26 (+1.61%) on a volume of 5,798,230 shares. Average daily volume has been 18,424,306 shares.

Vale shares are consolidating below the 200 day moving average, a key moving average that has proved to be resistance since April. Shares have been in a short term uptrend since July. Technicians will be watching for a breakout above the 200 day moving average.

52 Week Range $12.39-$21.88
Market Cap 117,070,832,247
Average Volume 18,424,306
Dividend Yield 6.38%
Institutional Ownership 8.90%
Insider Ownership: 0.00%
Percentage of Float Short 1.30%
Beta 1.54

Vale SA is a metals & mining company. It produces & supplies iron ore, iron ore pellets, nickel, manganese ore, ferroalloys, copper, coal, phosphates, potash, cobalt & others. Company also provides logistics services & invests in energy & steel industry.

AbbVie Inc Looking to test all time highs (NYSE:ABBV)

by Josh Articles

AbbVie Inc ($ABBV) broke of the coil pattern (symmetrical triangle yesterday) and is continuing the upside breakout today. AbbVie Inc is up 3.23% at $47.29 on a volume of 3,223,870 shares.

Shares look poised to test their all time high of $48 set back in May. Shares are trading above both the 200 day and 50 day moving average, providing a bullish backdrop to the price action.

52 Week Range $32.51-$48.00
Market Cap 75,077,977,225
Average Volume 3,653,836
Dividend Yield 3.49%
Institutional Ownership 68.90%
Insider Ownership: 0.00%
Percentage of Float Short 0.60%
Beta 2.05

AbbVie Inc AbbVie Inc is a research-based biopharmaceutical company. Its products are used to treat diseases including rheumatoid arthritis, psoriasis, Crohn’s disease, HIV, cystic fibrosis complications.