About the Author

Stephen Oakes is an experienced financial titan from New York who brings Wall Street to Main Street. Over the past 11 years, he has developed and tested the renown, Oakes Momentum System, which uses a unique constellation of technical indicators to find timely buy and sell points. He holds an M.B.A. in the United States (New York) and has studied internationally at the Reims School of Management in France.

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Momentum Stock: Longs Drug Stores (LDG)

November 14th, 2007 • Related • Filed Under

Longs Drug Store LDG

Here’s a new play for your investment portfolio. I just received two buy signals from the MACD and DMI indicators.

On the daily charts, I’m seeing continued above average buying pressure which will certainly help in justifying the breakout.

If momentum holds and we get another big day it could be goodbye horses.

Our recommendation: Buy shares of LDG at or near 53.52. Place a 5% stop loss

Good investing…

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