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Momentum Stock: Permian Basin Royalt Trust (PBT)
The talking heads have been touting the recession word for a while. In an effort to cut off slower economic growth, the Fed has been a bit quick to lower interest for a cheap market thrill, which in my mind can only delay the inevitable market panic.
Now that the public and investors alike have been well groomed for this doomsday scenario, everyone wants to know when this so called recession will occur. Could it happen this year or perhaps in 2009? No one really knows for sure, but the mood across the country and overseas is pretty grim.
If…
21Feb2008 | S. Oakes | Comments Off | ContinuedMomentum Stock: Wainwright Bank & Trust (WAIN)
Okay, so you’ve been reading the papers, listening to stock gurus, and talking to your pals about subprime lending and how horrible the banking industry is right now. Everywhere you turn it just seems like there’s another depressing log to add to the fire.
What you don’t hear are banking stocks that actually make the grade. Ones that have proven themselves time and time again.
Just when you thought the banking establishment was down and out, there’s one knight in shining armor winning a profitability battle. The flight of capital to quality banking stocks has already begun.
I found a banking…
18Dec2007 | S. Oakes | Comments Off | ContinuedMomentum Stock: Tsakos Energy Navigation (TNP:NYSE)
In my quest to find you the best technical plays, I’ve uncovered a very lucrative investment that will surely provide significant price appreciation in the weeks and months ahead
On this one-year weekly chart, you will notice that this particular equity has traded in a very predictable fashion.
It has all the characteristics on a breakout stock. For example, we have an upward trend prior to consolidation and more recently, we’re seeing a shares surge to new 52-week highs.
To further advance my argument, I have located specific buy and sell points for you. Every time the Moving Average Convergence Divergence…
14Dec2007 | S. Oakes | Comments Off | ContinuedMomentum Stock: Reliant Energy (RRI:NYSE) & Radnet (RDNT:NASDAQ)
Our recommendation: Buy shares of RRI at or near $27.04. Place a 5% stop loss.
Our recommendation: Buy shares of RDNT at or near $9.40. Place a 5% stop loss.
4Dec2007 | S. Oakes | Comments Off | ContinuedMomentum Stock: Longs Drug Stores (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…
14Nov2007 | S. Oakes | Comments Off | ContinuedMomentum Stock: American Ecology (ECOL:NASDAQ)
American Ecology Corp (ECOL:NASDAQ) has seen its fair share of price swings over the past two years. However, when I applied an upper resistance line and a lower support, it was discovered that we have a symmetrical triangle pattern.
It is important to note that you should never trade the stock inside the triangle with the assumption that the breakout will eventually assume the trend prior to this particular pattern.
Instead, trade in the direction of the breakout. In this case the breakout was to the upside — as noted by the green arrow on the chart. Additionally, we have…
8Nov2007 | S. Oakes | Comments Off | ContinuedMomentum Play: Enbridge Inc. (ENB)
Yet another long-term breakout play. I circled the two buying signals for the MACD and DMI indicators. The DMI has been very strong over the past four years and has yet to turn negative.
Our recommendation: Buy shares of ENB at or near $38.29. Place your stop loss below major support at $34.
Good Investing…
8Oct2007 | S. Oakes | Comments Off | ContinuedMomentum Play: Au Optronics (AUO)
Au Optronics (AUO) should fair quite well in the months ahead. This is a longer-term breakout play, hence the reason why the chart below is displayed on a four-year monthly chart.
Our recommendation: Buy shares of AUO at or near $18.70. Place a protective stop loss at $13.10.
8Oct2007 | S. Oakes | Comments Off | ContinuedMomentum Stock: G-III Apparel (GIII:NASDAQ)
G-III Apparel has been stuck in a downtrending channel for over seven months now. Even though we are not completely out of the water yet on this one, indicators point to a continued surge in the months ahead. Any sustained move over $20 in the short-term is key to a sustainable breakout.
Look for buying support from oversold MACD and DMI buy signals (under price chart). As you can see they have both diverged in a positive fashion in the beginning of September of this year.
Our Recommendation: Buy shares of GIII at or near $19.70. Place a 5% stop loss…
12Sep2007 | S. Oakes | Comments Off | ContinuedMomentum Stock: Overstock (OSTK)
The downward pressure is finally over and the technicals confirm we have a buying situation here. There will be some volatility on this one. In my estimation, the ride up will be a mirror image of the activity seen over the past two years.
Our Recommendation: Buy shares of OSTK near $22.67. Place a stop loss at $19.75.
Good investing…
7Sep2007 | S. Oakes | Comments Off | Continued
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