Momentum Plays

Momentum Stock: A Good Week for Sherwin Williams?

While many economic pundits trip over each other’s heels in an attempt to accurately read the market’s signals, I’m about to show you how to make a quick buck and have fun doing it.

Okay, so I can’t literally guarantee…

21Apr2008 | Stephen Oakes | 0 comments | Continued

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…

21Feb2008 | Stephen Oakes | 0 comments | Continued

Momentum 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…

18Dec2007 | Stephen Oakes | 0 comments | Continued

Momentum 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…

14Dec2007 | Stephen Oakes | 0 comments | Continued

Momentum Stock: Reliant Energy (RRI:NYSE) & Radnet (RDNT:NASDAQ)

Reliant Energy

Our recommendation: Buy shares of RRI at or near $27.04. Place a 5% stop loss.

Radnet Inc.

Our recommendation: Buy shares of RDNT at or near $9.40. Place a 5% stop loss.

4Dec2007 | Stephen Oakes | 0 comments | Continued

Momentum Stock: Longs Drug Stores (LDG)

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…

14Nov2007 | Stephen Oakes | 0 comments | Continued

Momentum Stock: American Ecology (ECOL:NASDAQ)

ECOL

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…

8Nov2007 | Stephen Oakes | 0 comments | Continued

Momentum Play: Enbridge Inc. (ENB)

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…

8Oct2007 | Stephen Oakes | 0 comments | Continued

Momentum Play: Au Optronics (AUO)

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…

8Oct2007 | Stephen Oakes | 0 comments | Continued

Momentum 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…

12Sep2007 | Stephen Oakes | 0 comments | Continued

Momentum Stock: Overstock (OSTK)

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…

7Sep2007 | Stephen Oakes | 0 comments | Continued

Momentum Stock: Cisco Systems (CSCO)

Well, the market decided to roll over and crap the bed. One of the few plays out there still holding the fort down is Cisco Systems.

On this one-year weekly chart, you can see that the stock had been basing…

26Jul2007 | Stephen Oakes | 0 comments | Continued

Momentum Play: CDC Corp. (CHINA)

Looking to get into a rockstar China play? Look no further. Right now you can make big money in the booming market with a Chinese company that is planted right in the heart of Hong Kong

CDC Corp. (CHINA: NASDAQ) operates in…

26Jun2007 | Stephen Oakes | 0 comments | Continued

Momentum Stock: Omni Energy Services (OMNI)

The Company is an integrated oilfield service company specializing in providing a range of: onshore seismic drilling, operational support, permitting, and survey services; and dock-side and offshore hazardous and non-hazardous oilfield waste management and environmental cleaning services, including tank and…

11Jun2007 | Stephen Oakes | 0 comments | Continued

Momentum Stock: Newfield Exploration Company (NFX)

Newfield Exploration Company was founded in 1989 and initially focused on the shallow waters of the Gulf of Mexico. The Company is an independent oil and gas Company engaged in the exploration, development and acquisition of crude oil and natural…

21May2007 | Stephen Oakes | 2 comments | Continued