Hot Pick Of The Day

[DSteckler]

FDG interpretation

<< Dave,
Would you care to post a possible play on FDG? >>

FDG is in the middle of a large symmetrical triangle, easily seen on the chart:

http://www.ttrader.com/mycharts/display.php?p=38256&u=dave&a=MyCharts&id=690

This triangle is 12.68 points high at its widest point; a breakout through either the resistance or support lines of the triangle could set the stage for a 12 - 13 point run from that breakout price.

That notwithstanding, I'd expect to see FDG continue to trade within the confines of the triangle for a few weeks longer. I bought shares between 37.90 and 38.25 so a move up to the resistance line, currently around 41, would get me a 7% or so gain. I'd then wait for it to pull back and consider repurchasing it depending upon the pullback action.

The daily chart indicators are very positive, with RSI almost through 55 (it needs to get above 60 to confirm a move higher is sustainable) and stochastic still climbing yet not overbought. The Volume Flow Indicator has been bearish for days but is on the edge of turning bullish (crossing back above the 0 line). The DMI+/- lines also had a bullish crossover today (cyan line is above the yellow line).

[DSteckler]

<< BBC: should have entered when I said so. >>

I'd still wait for a pullback to the 20-day EMA. Lower risk entry, IMO. Today's action was toppy.

[New-born baby]

NiCE

<< Dave,
Would you care to post a possible play on FDG? >>

FDG is in the middle of a large symmetrical triangle, easily seen on the chart:

http://www.ttrader.com/mycharts/display.php?p=38256&u=dave&a=MyCharts&id=690

This triangle is 12.68 points high at its widest point; a breakout through either the resistance or support lines of the triangle could set the stage for a 12 - 13 point run from that breakout price.

That notwithstanding, I'd expect to see FDG continue to trade within the confines of the triangle for a few weeks longer. I bought shares between 37.90 and 38.25 so a move up to the resistance line, currently around 41, would get me a 7% or so gain. I'd then wait for it to pull back and consider repurchasing it depending upon the pullback action.

The daily chart indicators are very positive, with RSI almost through 55 (it needs to get above 60 to confirm a move higher is sustainable) and stochastic still climbing yet not overbought. The Volume Flow Indicator has been bearish for days but is on the edge of turning bullish (crossing back above the 0 line). The DMI+/- lines also had a bullish crossover today (cyan line is above the yellow line).

Dave,
Nice post. Thanks for the info. FDG pays a quarterly divy of $1.36+.

[Lyehopper]

I don't fool with herefords.... I like em BLACK.

I've raised beef (black angus, herefords) in NE. So I understand where you are coming from, Mr. LYE-BABY. In the Sandhills of NE, in a good year (i.e. enough rain), you can raise 55 head on 640 acres. But then, $50 buys an acre of ground. . . .

NB-Baby.... Thanks for the great charts and opinions!... Gehl's a good little company imo.... I'll hold my position for now.... What do you think of ASTE? I own it too. www.astecindustries.com

We get a bit more productivity from an acre of good pasture down here. I run around 300 brood cows and will have about 550 total head at any given time. I own 470 acres and I lease alot more. Farmland here runs from $3-5k per acre now. Some costs much more depending on the location and views. (There is a "second" northern invasion taking place down here now.... and those folks will pay $15-20k+ an acre for a 20 acre field in a heartbeat if it has pretty mountain views.... The land prices seem to jump monthly).... Now a good brood cow will produce a calf per year.... selling for about $650-$750. Hard to buy up land at current prices just to produce beef on. In my case I have "other income" (my salary from my Mfg co.... and.... my great stock market profits.... thanks to this forum) to supliment my growing beef operation.

Now.... My highly profitable GoJi production venture?..... Well.... It should allow me to buy up several hundred thousand acres over the next few years.... That is.... if Websman's figures are correct and we can keep the whitetails in check.lol

[billyjoe]

Lye,
You are HUGE. If I didn't know better I'd think you were Mr.Market South, brothers tragically separated at birth , only to be magically reunited by the magic of the internet.

billyjoe

[billyjoe]

New-born,
Please tell me how to get my dough back from Canada. "Ask and ye shall receive" (God) c.1 ad.

billyjoe

[New-born baby]

Aste

NB-Baby.... Thanks for the great charts and opinions!... Gehl's a good little company imo.... I'll hold my position for now.... What do you think of ASTE? I own it too. lol

ASTE: two ways to look at it. The weekly shows a double top just in. I'd suspect that ASTE is going to pullback to $32.50 before moving higher. The Point target is a nice, juicy $58 HEREFORD steak. Might increase your herd if ASTE hits the target.

Imageshack won't let me upload an image again. Wouldn't work last night, and won't work tonight. Made the chart for you, but what can I do?

If looking to add to your position, I'd be looking at $32.50 or possibly lower to do so.

The daily shows the cup and handle part of the chart. It hit the double top resistance at $35.50 and pulled back. It will make another run at busting that resistance shortly. Nice volume dry up. When this thing pops, it should really pop higher with great power.

[ninner]

Im liking WLP for the next few weeks...i believe a blowoff has occured and the hammer leads me to believe the buyers have stepped in!!

cheers

[New-born baby]

Ninner's WLP

Im liking WLP for the next few weeks...i believe a blowoff has occured and the hammer leads me to believe the buyers have stepped in!!

cheers

Okay, Ninner, old buddy, old pal:
WLP daily first. May not be the bottom, but I am inclined to think it is.
I really think you might enter here and run this one to $80 pretty easily.
The option chain would keep you out of trouble if she pulls back.

http://img379.imageshack.us/img379/2089/chart17za.gif

Here's the weekly:
the weekly denies that this is the bottom. But boy has this stock been hot!

http://img379.imageshack.us/img379/497/chart26tr.gif

[New-born baby]

New-born,
Please tell me how to get my dough back from Canada. "Ask and ye shall receive" (God) c.1 ad.

billyjoe

I will as soon as I dig up the info. You'll have to call Canada and beg for your money back. They decide it on a case by case basis.

[billyjoe]

New-born,
Thanks. Here's a hot stock tip in payment.. KFY long. You might have to hold it for 30-60 days.

billyjoe

[ninner]

wlp

well i think a quick 2200 bucks is worth the little bit of downside risk....however, i feel support will hold...HMO will be hot this year and WLP is one of the best..personally, i think the wellchoice acquisition is what caused this fluctuation but that is just a guess on my point.


good analysis ole buddy hope you join me on this one cus personally i think it goes higher than 80.

[New-born baby]

Mbi

MBI is sporting an ascending triangle on the weekly that targets $74.50 via Dow Theory, and $82 via the Point n Figure chart. She is currently at resistance right now ($63.35), and finished at the high of the day last Friday. My expectation is that MBI will blow past resistance with some kind of a gap up at the open on Tuesday.

http://img17.imageshack.us/img17/2441/chart18so.gif

[spikefader]

Update:
Re-targeting upper weekly channel 33.00 or +65% from entry. Patience showing signs of rewarding.

It's surge time

[Runner]

NB, where ya been? Have not seen ya in action as of late! Hope ya doing well!!