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Trade Ideas for Tuesday, May 10

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There is an interesting pattern developing in FormFactor, Inc. (NASDAQ:FORM). The stock has been consolidating for several months after a horrific decline last year. The Volume has been gradually building on the right side of the base, and stock is testing again its 50-day moving average on decreasing volume. This is constructive action as sellers are not getting aggressive. If this support can hold again it would be a bullish signal and a move to the top of the range would be realistic. I have this one on a watchlist for a possible buy if it breaks above $11. This is a stock I like for the long term.

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Elan Corporation, plc (ADR) (NYSE:ELN) needs to take out resistance at the $8.40 area to continue higher.

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Dendreon Corporation (NASDAQ:DNDN) has a mixed technical chart at this point. The stock broke support at $40 early this month and broke below its 13 and 20 day moving averages. Next support is at $38.20. Any close below this level in my view turns this stock medium term bearish. In addition, MACD is weak, heading for zero with falling rally, downside pressure could intensify at any time. So a close below $38.20 would be our next important signal to watch for.

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Lam Research Corporation (NASDAQ:LRCX) has been trying to bottom for a couple of days now. There have been some pretty bullish candles forming and it seems to me like it is ready to turn up. If not, at least there is a clear area to put in a stop and scratch the trade. Hold it with a stop loss around its 200-day moving average of $47.35.
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Earnings Announcements for Tuesday

AC Moore Arts And Crafts Inc - ACMR
Acadia Pharmaceuticals Inc - ACAD
Acorn Energy Inc - ACFN
Actions Semiconductor Co Ltd - ACTS
AdCare Health Systems Inc - ADK
vantage Technologies Group Inc - AEY
Advocat Inc - AVCA
Aeroflex Holding Corp - ARX
Air Transport Services Group Inc - ATSG
Alico Inc - ALCO
Allied Healthcare International Inc - AHCI
Allos Therapeutics Inc - ALTH
American Assets Trust Inc - AAT
American Public Education Inc - APEI
American Shared Hospital Services - AMS
Ameris Bancorp - ABCB
Amtech Systems Inc - ASYS
Apollo Commercial Real Estate Finance Inc - ARI
Applied Energetics Inc - AERG
Arena Pharmaceuticals Inc - ARNA
Ascent Media Corp - ASCMA
Asta Funding Inc - ASFI
Atp Oil & Gas Corp - ATPG
Avatar Holdings Inc - AVTR
Baldwin Technology Co Inc - BLD
Beacon Power Corp - BCON
BioMimetic Therapeutics Inc - BMTI
Biospecifics Technologies Corp - BSTC
Black Hills Corp - BKH
Bravo Brio Restaurant Group Inc - BBRG
Breitburn Energy Partners LP - BBEP
Bristow Group Inc - BRS
Broadridge Financial Solutions Incorporated - BR
Brookdale Senior Living Inc - BKD
BRT Realty Trust - BRT
Cambium Learning Group Inc - ABCD
Capital Trust Inc - CT
Capitol Federal Financial - CFFN
Cardica Inc - CRDC
Carmike Cinemas Inc - CKEC
Carrizo Oil and Gas Inc - CRZO
Carrols Restaurant Group - TAST
Chesapeake Midstream Partners LP - CHKM
China Automotive Systems Inc - CAAS
China Biologic Products Inc - CBPO
China Gerui Advanced Materials Group Ltd - CHOP
China Information Technology Inc - CNIT
China Lodging Group Ltd - HTHT
China Marine Food Group Ltd - CMFO
China Ming Yang Wind Power Group Ltd - MY
China Natural Gas Inc - CHNG
China Valves Technology Inc - CVVT
China Yida Holding Co - CNYD
ChinaCast Education Corp - CAST
CommVault Systems Inc - CVLT
Conceptus Inc - CPTS
Crestwood Midstream Partners LP - CMLP
CTI Industries Corp - CTIB
Cumulus Media Inc - CMLS
Dean Foods Co - DF
Dialogic Inc - DLGC
Digital Ally Inc - DGLY
Dolan Co - DM
Dover Slery Inc - DOVR
Duncan Energy Partners LP - DEP
Ebix Inc - EBIX
Electro Scientific Industries Inc - ESIO
EMC Insurance Group Inc - EMCI
Encore Energy Partners LP - ENP
Ener1 Inc - HEV
Energy Conversion Devices Inc - ENER
ENglobal Corp - ENG
Enterprise Products Partners LP - EPD
EpiCept Corp - EPCT
EW Scripps Co - SSP
Examworks Group Inc - EXAM
Farmer Bros Co - FARM
Feihe International Inc - ADY
First Citizens Banc Corp - FCZA
FirstCity Financial Corp - FCFC
Fisher Communications Inc - FSCI
Fossil Inc - FOSL
Fuel Tech Inc - FTEK
Furmanite Corp - FRM
Gaming Partners International Corp - GPIC
Gasco Energy Inc - GSX
General Maritime Corp - GMR
General Steel Holdings Inc - GSI
Genesis Energy LP - GEL
GeoEye Inc - GEOY
Getty Realty Corp - GTY
Global Cash Access Holdings Inc - GCA
GSE Systems Inc - GVP
Harbin Electric Inc - HRBN
Harvest Natural Resources Inc - HNR
Heckmann Corp - HEK
Helen Of Troy Ltd - HELE
Hollysys Automation Technologies Ltd - HOLI
Homeowners Choice Inc - HCII
Horizon Technology Finance Corp - HRZN
Houston American Energy Corp - HUSA
Hudson Pacific Properties Inc - HPP
Imperial Sugar Co - IPSU
Inergy LP - NRGY
Infinity Pharmaceuticals Inc - INFI
Innovaro Inc - INV
Insmed Inc - INSM
Integral Systems Inc - ISYS
interCLICK Inc - ICLK
International Flavors & Fragrances Inc - IFF
INTL Fcstone Inc - INTL
Invesco Mortgage Capital Inc - IVR
Iridium Communications Inc - IRDM
Ja Solar Holdings Co Ltd - JASO
James River Coal Co - JRCC
K12 Inc - LRN
KIT Digital Inc - KITD
Knightsbridge Tankers Ltd - VLCCF
Ku6 Media Co Ltd - KUTV
L 1 Identity Solutions Inc - ID
Learning Tree International Inc - LTRE
Ligand Pharmaceuticals Inc - LGND
Lihua International Inc - LIWA
LuNA Innovations Inc - LUNA
Mcdermott International Inc - MDR
MDC Holdings Inc - MDC
MedCath Corp - MDTH
Medidata Solutions Inc - MDSO
Memsic Inc - MEMS
Micromet Inc - MITI
Misonix Inc - MSON
Molycorp Inc - MCP
Myrexis Inc - MYRX
Natural Gas Services Group Inc - NGS
Netsol Technologies Inc - NTWK
Neutral Tandem Inc - TNDM
Northern Oil and Gas Inc - NOG
Nuance Communications Inc - NUAN
NuPathe Inc - PATH
On Track Innovations Ltd - OTIV
Online Resources Corp - ORCC
ORBCOMM Inc - ORBC
Orbit International Corp - ORBT
Pantry Inc - PTRY
Park City Group Inc - PCYG
Park Ohio Holding Corp - PKOH
Pc Mall Inc - MALL
Petroleum Development Corp - PETD
Phc Inc - PHC
Pike Electric Corp - PIKE
Primo Water Corp - PRMW
Primoris Services Corp - PRIM
Pro Dex Inc - PDEX
Procera Networks Inc - PKT
Progenics Pharmaceuticals Inc - PGNX
Prospect Capital Corp - PSEC
pSivida Corp - PSDV
R G Barry Corp - DFZ
Radnet Inc - RDNT
RAE Systems Inc - RAE
Rentech Inc - RTK
Rhino Resource Partners LP - RNO
Rick s Cabaret International, Inc. - RICK
Rocky Mountain Chocolate Factory Inc - RMCF
Rovi Corp - ROVI
Saga Communications Inc - SGA
Sanders Morris Harris Group Inc - SMHG
Sciclone Pharmaceuticals Inc - SCLN
Scientific Games Corp - SGMS
Seacube Container Leasing Ltd - BOX
Shamir Optical Industry Limited - SHMR
Simcere Pharmaceutical Group - SCR
Starwood Property Trust Inc - STWD
STEC Inc - STEC
Stonemor Partners LP - STON
Sucampo Pharmaceuticals Inc - SCMP
Sun Hydraulics Corp - SNHY
Synthesis Energy Systems Inc - SYMX
Systemax Inc - SYX
Tecumseh Products Co - TECUA
Tidelands Bancshares Inc - TDBK
Toreador Resources Corp - TRGL
Towerstream Corp - TWER
Transdigm Group Inc - TDG
Unico American Corp - UNAM
URS Corp - URS
USA Technologies Inc - USAT
VAALCO Energy Inc - EGY
Vanguard Natural Resources LLC - VNR
Vermillion Inc - VRML
Vista Gold Corp - VGZ
Voyager Oil and Gas Inc - VOG
Walt Disney Co - DIS
Wave Systems Corp - WAVX
Wendy's/Arby's Group Inc - WEN
WP Carey and Co LLC - WPC
WSB Holdings Inc - WSB
Yongye International Inc - YONG
Zagg Inc - ZAGG

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.  
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AC
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