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What I'm Watching
- Thread starter xpertstocktrader
- Start date
IPHS
Fundamental
Shares are under heavy accumulation by financial institutions. Positive for a small company like IPHS. The most recent quarterly earnings report was slightly lower than analystsâ consensus forecast.
Technical
IPHS consolidate under 20sma resistance area with tendency for breakup. That is scenario what I will look for. In that case I will look for filling gap and double top action.
Fundamental
Shares are under heavy accumulation by financial institutions. Positive for a small company like IPHS. The most recent quarterly earnings report was slightly lower than analystsâ consensus forecast.
Technical
IPHS consolidate under 20sma resistance area with tendency for breakup. That is scenario what I will look for. In that case I will look for filling gap and double top action.
Attachments
FINL
Fundamental
Earnings growth in the past year has accelerated moderately compared to earnings growth in the past three years. The price-to-earnings multiple is lower than average for all stocks. The most recent quarterly earnings report was significantly lower than analysts' consensus forecast.
Technical
We had FINL from Monday and right now FINL forming intraday consolidation (triangle pattern) and with daily/weekly chart we can expect for swing upside move to $18-$20 target area. We can use intraday pattern for day trade what can turn in to swing/position trade what can increase risk/reward.
Fundamental
Earnings growth in the past year has accelerated moderately compared to earnings growth in the past three years. The price-to-earnings multiple is lower than average for all stocks. The most recent quarterly earnings report was significantly lower than analysts' consensus forecast.
Technical
We had FINL from Monday and right now FINL forming intraday consolidation (triangle pattern) and with daily/weekly chart we can expect for swing upside move to $18-$20 target area. We can use intraday pattern for day trade what can turn in to swing/position trade what can increase risk/reward.
Attachments
CREE
Fundamental
Earnings growth in the past year has accelerated moderately compared to earnings growth in the past three years. The price-to-sales multiple is significantly higher than the average. Very positive for a medium- to large-sized company like CREE.
Technical
I like CREE weekly and monthly action what suggest for long bias. On the daily time frame we can see that CREE is stronger then market at this moment what again suggest for âown wayâ action. Because of that I will look for swing possibility above previous daily high and that is above $56.
Fundamental
Earnings growth in the past year has accelerated moderately compared to earnings growth in the past three years. The price-to-sales multiple is significantly higher than the average. Very positive for a medium- to large-sized company like CREE.
Technical
I like CREE weekly and monthly action what suggest for long bias. On the daily time frame we can see that CREE is stronger then market at this moment what again suggest for âown wayâ action. Because of that I will look for swing possibility above previous daily high and that is above $56.
Attachments
HAIN
Fundamental
Earnings growth in the past year has accelerated rapidly compared to earnings growth in the past three years. â positive
Previous day's closing price for HAIN was slightly above its 50-day moving average. - positive
Technical
If HAIN will break above $26.10. We could see upside action and back to previous high what is first resistance at this moment. On the monthly chart HAIN have more upside room but in that case it could be turn to longer term trade.
Fundamental
Earnings growth in the past year has accelerated rapidly compared to earnings growth in the past three years. â positive
Previous day's closing price for HAIN was slightly above its 50-day moving average. - positive
Technical
If HAIN will break above $26.10. We could see upside action and back to previous high what is first resistance at this moment. On the monthly chart HAIN have more upside room but in that case it could be turn to longer term trade.
Attachments
Free stock pick for 11/29/2010
SHORT:
STEC
Fundamental
The price-to-sales multiple is slightly higher than the average; it is negative for small company like STEC. Analysts have issued conflicting earnings estimate revisions for STEC.
Technical
After strong pull back from high STEC forming flag pattern what is reversal pattern (avalanche. If we look at weekly and monthly time frame we can see that STEC could start with another daily selling wave and I will look for setup under Friday low with stop above 20sma daily. Target will be previous daily low and weekly 200sma support area. Of course all depends on market action to. For all updates feel free to contact us.
Good luck trading today!!!!
Ivica Juracic
SHORT:
STEC
Fundamental
The price-to-sales multiple is slightly higher than the average; it is negative for small company like STEC. Analysts have issued conflicting earnings estimate revisions for STEC.
Technical
After strong pull back from high STEC forming flag pattern what is reversal pattern (avalanche. If we look at weekly and monthly time frame we can see that STEC could start with another daily selling wave and I will look for setup under Friday low with stop above 20sma daily. Target will be previous daily low and weekly 200sma support area. Of course all depends on market action to. For all updates feel free to contact us.
Good luck trading today!!!!
Ivica Juracic