Stock Research – My Picks and Watchers
I just did a few hours of research tonight, and 1st off here are my notes after looking through all 197 Industry Groups (Investors Business Daily) and looking within certain groups who’s charts looked bullish.
Aerospace/Defense
(RTN) – Closed Friday above 50 MA on heavy accumulation which signals a buy in my book once the 50 MA starts to trend upward *WATCHER*
(NOC) – Closed above 50 MA last week. Resistance at $66. May be a bull flag waved if the stock can continue to stabilize above the 50 MA, and 50 MA starts trending upward.*Watcher*
Beverages-Alcoholic
(BUD) – $47 Resistance, break above may signal buy. *Watcher*
Beverages-Soft Drinks
(CCE) – Bullish, but too far extended above 50 MA. With 50 MA pull up and stabilization around $21 may be good buy. *Watcher*
(KOF) – If the stock can stabilize above the 50 MA (basically above $30), a bull flag may be raised. What to wait for is the 50 MA to turn and start trending upwards, this would be a buy signal. *Watcher*
Finance-Publ Inv Fd-Bond – Dig through this later
Leisure-Gaming/Equip – Support at 200 MA?
Medical-Drug/Diversified – consists of ABT and JNJ: ABT has had a very nice run, over extended above 50 MA though.
Medical-Hospitals
(LPNT) – If 50 Crosses 200 MA and stock stabilizes above $35 over next two weeks, may be a buy up to $37 *WATCHER*
Medical-Whlsle Drg/Suppl – 50 and 200 collision. If 50 can pull back above 200 (because it should fall below) then this may signal a buy on the group.
Oil&Gas-Intl Integrated – no picks within this group standout. Watch overall group
Tobacco – Group is hot, but leaders are over extended. Wait for pullbacks before looking to take positions
Utility-Electric Power
(EXC) – Resistance at $60. Break above will signal buy depending on volume and close *WATCHER*
Utility-Gas Distribution
(NFG) – Buy above $36.85, be catious due to short interes and earnings due in the next week. *Watcher*
Then after applying a search looking for stocks in the top performing industry groups, that are under accumulation by institutions, are stable, have no debt, and are liquid enough for us to be involved in, my screener yielded only 8 companies. Of these 8 the best can only be watched for bullish flags, and none showed clear buy signals.
I then went and broadened my search, removing debt as a factor, and my search returned 40 companies. Of these 40 there were two possibilities:
(BGO) – A Canadian based explorations company of gold and silver mines internationally, the stock closed at $5.02 friday. The stock has been under decent accumulation as of late, and earnings are coming up in early August. A strong buy would come if the stock passed $5.50, as the stock wouldnt see resistance till over $6 if not further ahead. If gold remains bullish and Bernanke pauses rates, this would be a great bet (let’s see if it can stay above $5).
(CVC) – The stock attempted a break above $22 early Friday morning but was sold off in the afternoon. A close above $22 would signal a strong buy in my books. Technically speaking your resistsance of $22 goes back to June of 2005. The company has alot of free cash flow but also alot of debt. Earnings are also due here in early August.
Please Note: Make what you want of this information. It is simply there for your own judgement and analysis. I do not take responsibility for any of your buying decisions and this is solely my own opinion.
Cheers,
