Bullish stocks near support

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  • steelman
    replied
    Green Mountain Coffee Roasters

    I actually just sold my calls on GMCR. Had a limit order in and it hit. I still like GMCR but I am going to find a new stock. Personally, I haven't done well when I get back in a my winners right away. I bought my calls for $2.50 and I sold at $7.00, not a bad 180% return in 10 weeks.

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  • steelman
    replied
    I like CEPH today.

    EMS is still uptrending from the last 2 weeks.

    I am still holding my Sept 25 calls. I want to sell, but the chart still looks really nice.

    Leave a comment:


  • steelman
    replied
    Originally posted by steelman View Post
    There are more stocks but I am choosing 1, becasue I have been swamped recently. In addition to my wife, kids, work (going through a transition), VoiParty, trying to finish my options class, I accepted a position coaching HS Linebackers. I don't know how I am going to pull it all off, but I have to find a way. Anyway, here is one stock that matches all my criteria.

    EMS Emergency Medical Services
    Great Fundamentals, its EPS rank is 93. Stochastics is turned upward and it's right about 50, MACD Histogram is in positive territory. I like to look for stocks near support but this one is actually approaching resistance. If it can break through its 30 day MA I think it can take a ride back to the the $55 level. It's currently at $47.

    Also, Misc. Transportation is a top performing sector right now. By doing a top down analysis from S&P over the last 3-4 weeks, we are uptrending, top sector and the best stock in the sector, this has all the makings of a winner. Also, Investools has a projected value of $72.97
    Up 5.75% today, just did well with earnings.

    Leave a comment:


  • steelman
    replied
    Originally posted by steelman View Post
    Ok, I know it's been crazy out there but, I really like GMCR. I am long on this one. I bought some September $25 calls today. GMCR ranks very high in earnings, revenue and growth. Investools has a projected price of $137.82. Gross profit went from $177 million in 2008 to $250 million in 2009. NET income went from $22 million to $56 million during the same time frame. Also, take a look at the earnings estimates. I am lovin' me some coffee today. Seems like people will always drink coffee and buy clothes, shoes, beer and liquor in good times and bad.


    @ 10:36EST Green Mountain shares rise after Q3 beat, strong FY11 outlook
    Today, up to $31, 8%. The September $25 call is up $1.80 /39%

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  • steelman
    replied
    Ems

    There are more stocks but I am choosing 1, becasue I have been swamped recently. In addition to my wife, kids, work (going through a transition), VoiParty, trying to finish my options class, I accepted a position coaching HS Linebackers. I don't know how I am going to pull it all off, but I have to find a way. Anyway, here is one stock that matches all my criteria.

    EMS Emergency Medical Services
    Great Fundamentals, its EPS rank is 93. Stochastics is turned upward and it's right about 50, MACD Histogram is in positive territory. I like to look for stocks near support but this one is actually approaching resistance. If it can break through its 30 day MA I think it can take a ride back to the the $55 level. It's currently at $47.

    Also, Misc. Transportation is a top performing sector right now. By doing a top down analysis from S&P over the last 3-4 weeks, we are uptrending, top sector and the best stock in the sector, this has all the makings of a winner. Also, Investools has a projected value of $72.97

    Leave a comment:


  • steelman
    replied
    Gmcr

    I am still hold GMCR Sept 25 call. Does anyone have any idea what a stock does if its earnings match estimates? I noticed GMCR usually beats estimates but has been even 2 out of the last 5 quarters.
    Thanks,

    Leave a comment:


  • steelman
    replied
    Wow, what a long holiday weekend. I am spent. Just did a search. It's Wednesday and the markets closed about 30 minutes ago.

    The S&P is looking to break through it's 30 day MA. I hope this happens. If it does, these bullish stocks near resistance should do well.

    ENB SXCI APKT NTCT TLK ARLP

    I hope everyone enjoyed our Independence Day celebration!

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  • steelman
    replied
    Here are today's Bullish Stocks near support.

    CELG
    FLIR
    SJI
    TU
    Good luck to everyone this week.

    Leave a comment:


  • steelman
    replied
    Wooish,

    Agreed. It's so hard to get a read right now and I would have been much more excited if he had good volume on the rally days. All were below average volume. Let's just stick to picking great companies on sale. It seems when there is a company with great fundamentals; earnings, revenue and growth they don't tank as much on the down days. They seem to pop up a little more on the up days.

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  • wooish
    replied
    They can trend up the market as long as they want because the trade bots are in control. The rally for the past months has been lacking in volume and on top of that market ignore all bad news but embrace good news which really bothers me a lot. I don't know if I should go short or long in this market anymore.

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  • steelman
    replied
    From the looks of this chart, we should be trending up for the next month or so. Any thoughts?

    Attached Files

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  • steelman
    replied
    Cbeh

    Today in my scan, CBEH China Integrated Energy came up along with 4 others but the chart looks the best.

    It's currently trading at $9.15. It has a projected price of $18.49. It's EPS rank is 85. Before the markets tanked at the beginning of May, it was at $12. On Wednesday it closed above it's 30 Day MA, MACD and Stochastics are still pointing up as well. The only negative is it has low volume, avg vol is 340,000.

    I currently have a limit order in for a September $10 call. Still holding calls in LULU sep ($$$MM$$$), GMCR sep, ALXN aug, FSLR july, CBI july.

    Leave a comment:


  • findstock
    replied
    Thanks for the post, I will come back later to check out the latest picks!
    I would like to learn how to read the market but not easy for me. By the way FSLR did great today $117 and the marget in general did great. Just little bit worried that we would have bad day tomorrow. I mean lately the market swings too much.

    Leave a comment:


  • steelman
    replied
    FSLR looks good today. It's currently at $113, Investools has a projected price of $4,400 so it fits the 50% margin of safety. It's very close to breaking through it's 30 day MA of $115.

    Leave a comment:


  • steelman
    replied
    I have a busy day at work today. Here is what came up this morning for Bullish stocks near support.

    IRBT PPDI DLB TWC OPEN

    Best of luck to all this week. Looks like the S&P will try to break through it's 30 day MA.

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