All Entries Tagged With: "Stocks to Watch"
Stocks to Watch for Tuesday 5/5/2009 ($MRK $PEP)
Happy Cinco de Mayo! Since I’m heavy on the long side I’m going to look to add a couple weak shorts to hedge a pullback in the market.
Merck & Co (MRK) – Short @ $24.32 with a Stop @ $24.85 and a Target of $22.00
MRK is running into the declining 20MA after retracing from the [...]
Trade Updates for Monday May 4th ($BRCM $BWA $CELG $NVDA $TIF)
We hit our entry triggers on 4 out of 7 stocks on today’s watchlist. Actually 5, but TIF hit our stop limit order ($29.20) right at the bell and didn’t fill. Provided we can still get that price I’ll leave the order open but if we gap up too far tomorrow I’ll cancel it. Overall [...]
Stocks to Watch for Tuesday 4/7/2009
Time Warner (TWX) – Short @ $21.00 with a Stop @ $22.30 and a Target of $15.00
TWX gapped down over 25% last week. The stock has since traded back up to the 8ma. With the broad market due for a correction from the latest run I’m looking for Time Warner to fall to new lows.
var [...]
Stocks to Watch for Wednesday 4/1/2009
Johnson Controls Inc (JCI) – Long @ $12.50 with a Stop @ $11.00 and a Target of $15.50
JCI has moved up with the market and provided we continue climbing after a needed pullback, the stock has some good short-term appreciation potential. Our target is the 50% retracement from the decline that started earlier in the [...]
SU Trade Update 3/28/2009
SU re-tested the trendline again on Friday but appears to remain in a bullish channel. We’re revising our entry order based on the potential of a new pivot low forming which will allow us to tighten our stop and increase our order size.
New Entry/Stop: Long @ $24.10 with a Stop @ $23.20 and a Target [...]
Stocks to Watch for Friday 3/28/09
Suncor Energy (SU) – Long @ $24.50 with a Stop @ $22.50 and a Target of $31.00
SU gapped up to a new high last week before falling back to test the trendline and the 20-period moving average. The stock formed a higher low today, confirming the uptrend, and I’m looking for a move back up [...]
Stocks to Watch for Wednesday 3/25/09
Kimberly Clark Corp (KMB) – Long @ $47.25 with a Stop @ $46.00 and a Target of $50.00
KMB appears to be forming a higher low right at the uptrend line. A break of today’s high should confirm the uptrend and carry the stock back to the area of consolidation from earlier in the year.




