Add These To Your Watch List

Boeing Co (BA) is sitting right at the $90 resistance line, and has tested it now the last three days. I would look for some short term consolidation around $89, 90 before it makes a good push past it. It may do it today, and I recommend a buy late today if there is strong volume and the stock is above this line. Stops can be placed at $88.50.
Ocean’s Engineering (OII) showed a strong bull flag yesterday closing right near $43 after breaking past $42.50ish resistance. If you buy the stock at its real time last as of 10:12 AM EST of $43.91 then i would place a stop at $41.90. Stock is showing great potential to break past $44 today, and I may pick some up if we see $44.10.
Holly Corporation (HOC) has small gapped and traded above $55 resistance. The best close ever on the stock was $55.05 from August this year, and today this could be broken. Thus far HOC is trading in a narrow range, and could be a buy in this area if it can spread towards $56.

More on this topic (What's this?)

Boeing Union Workers Ratify Four-Year Pact, Ending Eight-Week Strike (Money Morning, 11/3/08)

Read more on Boeing Company, Holly, Oceaneering International at Wikinvest

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-- Posted by Blain Reinkensmeyer on December 5, 2006 at 10:16 am --

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