Archive for the ‘ALERT’ Category
Citigroup (C) Ready To Bounce
Citigroup (C) has been selling off with other big banks, as the impact of financial reform weighs on investor sentiment. The stock is now pulling into support between 3.50 and 3.75 and should bounce strongly soon.
Illumina (ILMN) Looks Ready To Resume Uptrend
Illumina (ILMN) is trading over 40 this morning, after reporting strong earnings on Wednesday evening. The stock has been working its way back through a huge unfilled gap since last October, stalling at 40 in January and again in March.
A breakout above this resistance level opens the door to a vertical spike that carries price [...]
Biotechs Issue Sell Signal
Gilead Sciences (GILD) got crushed after earnings on Wednesday, dropping nearly 10%, and bringing down the entire biotech sector. The iShares Nasdaq Biotech ETF (IBB), which had carved out a bullish consolidation pattern, broke two-month range support and triggered an interesting short sale signal.
The sector rollover follows poor price action in the last few weeks [...]
Yum!my
Yum! Brands (YUM), purveyor of the Taco Bell, Pizza Hut and KFC brands went vertical on Tuesday, spiking into the top of its 9-month rectangle pattern. The stock finally looks ready to break out and test the all-time high in the 40s.
Other sector leaders (using my proprietary scans):
* Dominos (DPZ)
* Ruby Tuesdays (RT)
* Cheesecake Factory [...]
Politically-Correct Short Sale
Lorillard (LO) is a cigarette manufacturer that stalled in October near 82.50, after a strong recovery. It ground out a 3-month double top pattern and sold off last week, breaking the 200-day moving average. A short sale could profit from a downtrend into the mid 60s.
Last Thursday’s gap was triggered [...]
A Short in a Long World
Electronic Arts (ERTS) is caught in a major downtrend, with video game and hardware sales falling at their fastest rate in years. Whether game saturation, pirating or the weak economy are to blame for the decline, the younger generation is sitting on their hands and refusing to buy, except for the most popular sequels.
ERTS never [...]
General Electric (GE): The Clock Is Ticking
General Electric (GE) is attracting interest these days, with investors hoping the stock has recovered and is ready to head higher, like so many beaten down issues in last year’s crash. But the blue chip is underperforming the broad market and time is running out for buyers to start a summer rally run.
The stock has [...]
MasterCard (MA) Buy Setup
MasterCard (MA) gapped up on high volume in late July, breaking 3-month resistance at 189. It shows no progress at all in the last 8 trading days.
The opening price of the rally day, at 206, has become a major inflection point, with a spike through that level triggering a buy signal for a rally that [...]
F5 Networks Cup & Handle
F5 Networks (FFIV) is trading near 37 this morning, following a positive response to last night’s earnings release. The stock has been hovering near its August 2008 high for the last 6 weeks and has now completed a bullish looking cup and handle breakout pattern.
The top of the recent range is near 37.25 so it’s [...]
Coiled Springs For The New Week
Many stocks have gone straight up in the last week, increasing risk of entry because a downturn could start at any time. To lower the added danger, I’ve built of list of coiled spring patterns, which are stocks that have tightened up at near breakout levels, but still haven’t started to run higher. These offer [...]