The Inauguration Day Top 5

[mrmarket]

What a day..we have a new president and the market drops 300 points....still I will take the plunge with these Fab 5 and weed it down to one. Here are the 5 best stocks from the Inauguration Day Data Dump:

APOL EBS ESI LPHI RNT

Which one do you like and why?

I will buy one of these in the next few days. Stay tuned!

[New-born baby]

My 2 cents worth

Okay, Mr. MM, here's my two cents worth. Looking at the weekly charts, in a bearish market still, we are looking to go counter the market for 15% on one or more of these five charts. That's a tough assignment, but not too tough for The Man!

APOL: nice chart. Cup with a rising handle. Has a nice $90 target on a $86.54 chart. Hmmm. Bullish chart, but not sure its got 15% left in it.

EBS: a nice run for this one, with more upside to come, I think. I like it! The downside on it is that it is a fairly new issue, with not a deep history, and January earnings report will either bless this stock or curse it. "Risk rating 5" imho.

ESI: I like the chart. I see resistance at $130, and it is already $111. That means the target is pretty close to 15% already, and I'd like a little more breathing room.

LPHI: this stock is a little scary for me. Right now it is in a bull trend, but the PnF has already signaled a bear call down to $26. Three red weeks in a row for this one.

RNT: another "could be" chart. This one needs to bust out over $30 to signal a $44 target. The chart shows a triple top at $30, and another top at $29. Translation: there's a lot of resistance to overcome at $30. But if she does bust out, it looks good to $44.

MY SUMMARY

The way I see it is has to be ESI as the #1 chart. Following that APOL, RNT, EBS, and LPHI.
I also see a bear market for awhile, and it isn't the best environment to pick a long. These are no doubt good companies with bright futures trading in a risky market environment.

I personally think MM will pick APOL for this go-round. Good luck MM!!