Amdocs (NY:DOX) has been moving higher off last week’s upgrade from Goldman Sachs, albeit on much lower volume (that’s an ideal scenario.) As the stock approaches resistance at $36, look for volume to expand and push the price above that level. The low point of the trend to the breakout is $3.10, giving us a [...]
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Filed under: Stocks, Technical Research, Time To Buy
You will never see me buy a stock solely on the recommendation of an analyst. There’s a lot of research that goes into every trade, especially on tech companies. Sandisk (NAS:SNDK) has made several runs toward its 50-day SMA, and finally the stock is trading above that resistance level. Take a look at the six-month [...]
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Filed under: Stocks, Technical Research, Time To Buy
I have been following a trend on Garmin (NAS:GRMN) for quite some time, and began aggressively trading the stock in recent weeks. In the chart below, you will see how the stock has been bouncing off of the lower support channel, and moving two points above the previous top. After forming a new high in [...]
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Filed under: Stocks, Technical Research, Time To Buy
Not taking into account the buyouts of TXU and Dollar General, private equity activity has been rather slow in 2007 compared to the first few months of 2006. Are the M&A mega deals going out of favor? Not a chance! Do not think for a minute that these private equity firms have finished making deals. [...]
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Filed under: Fundamental Research, Stocks, Time To Buy
In recent weeks the subprime mortgage industry has been placed under the microscope, as more and more Americans default on their loans. According to a recent Bloomberg article, as many as 1.5 million homes may go into foreclosure over the next few months. With the possibility of mass foreclosures on the horizon, where are these [...]
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Filed under: Bargain Basket, Fundamental Research, Sector Watch, Stocks, Time To Buy
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 [...]
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Filed under: Stocks, Technical Research, Time To Buy
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 [...]
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Filed under: Bargain Basket, Fundamental Research, Time To Buy
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 [...]
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Filed under: Fundamental Research, Time To Buy
For quite some time we have expected coal power plants to be equipped with new technology to reduce pollution. Last week Republican Charles Anderson (Waco ,TX) asked legislators to postpone the development of clean coal power plants in Texas. He believes natural gas is currently a cheaper alternative with fewer pollution risks, and needs additional [...]
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Filed under: Time To Buy
EW Scripps (SSP) beat the Street’s estimates by five cents in their fourth quarter (Dec ’06) this morning. After owning these shares at $44 in April – and subsequently selling two weeks later for $47 – I can now say that the company was an excellent long-term buy. With shares now trading at $52.16, I [...]
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Filed under: Time To Buy