This week I discovered a pattern developing on FAST. As we can see in the chart, when this stock reaches $38, the price cannot seem to break through the resistance level and moves lower. As the lower ascending trend line moves closer to the resistance level, selling pressure will continue to weaken. Once the downward […]
No Comments »
Filed under: Stocks, Technical Research, Time To Buy
Weyerhaeuser (WY) has been on a strong rally, with shares appreciating more than 50% since hitting a 52-week low in July of last year. Now trading at $85/share, this stock is on my radar for a nice short selling opportunity.
In the company’s fourth quarter of ‘06, strong sales in the fine paper and real estate […]
No Comments »
Filed under: Fundamental Research, Time To Sell
Over the past few weeks a head and shoulders pattern has been forming on Lennar’s stock. This stock has been enjoying a nice rally off of its lows, albeit in a weaker uptrend due to the continued weakness in the homebuilder industry. With Toll Brothers disclosing their weaker than expected earnings yesterday, this stock is […]
No Comments »
Filed under: Technical Research, Time To Sell
National Oilwell Varco (NOV) has long been one of my favorite stocks to day and swing trade. We are starting to reach a peak in NOV’s range, with upward buying pressure beginning to subside. In recent weeks this swing trade has generated massive gains in short durations. In fact, for the traders who successfully bought […]
No Comments »
Filed under: Fundamental Research
This week I have a few cheap stocks that will go into the bargain basket. In addition to the undervalued stocks, I found some interesting options activity on another seemingly cheap stock.
After being downgraded by top-tier brokerage firms at the end of last year, Anadarko Petroleum (APC) watched its shares tumble. The analyst downgrades were […]
1 Comment »
Filed under: Bargain Basket, Fundamental Research, Time To Buy
As of right now (10:15 EST) JetBlue (JBLU) shares are off nearly seven percent from Friday’s close. For those of you thinking about picking up shares today after the sell off, I suggest reconsidering. JetBlue’s CEO, David Neeleman, said that the total cost of customer reimbursements, and updating its operations, are “going to be very […]
No Comments »
Filed under: Fundamental Research
After nearly a year of speculation, the two companies finally decided to enter an agreement to merge. If you own the stock, don’t get too excited yet. The government is certainly going to take a long look at the regulatory concerns posed by the merger. Earlier this year, the head of the Federal Communications Commission […]
No Comments »
Filed under: Fundamental Research, Sector Watch
Lately, I have been searching for a few small cap stocks to add to my portfolio. Last year small cap stocks lagged behind the mid and large cap indices, primarily due to another record year for mergers and acquisitions. In 2007 you should expect more of the same. However, this does not mean you should […]
No Comments »
Filed under: Fundamental Research, Time To Buy
This was an interesting video on the popularity of RVs. Baby boomers from New England and other northern states continue to buy retirement properties in the south, and typically leave behind children and grandchildren. What is the best way to visit these relatives, you ask? Buy a recreational vehicle, take a road trip back up […]
No Comments »
Filed under: Fundamental Research
Looking at historic price and volume trends, we see a pattern beginning to emerge on the shares of PDLI. In early December shares were under heavy selling pressure as shareholders exited — and short sellers entered — their positions. As short interest continued to climb throughout the month of December, short sellers had trouble covering […]
No Comments »
Filed under: Technical Research