Stock Watch List, February 14 2008
Posted on Thu 14th Feb, 2008 06:07:42 PM
A list of recent stocks I am currently keeping a close eye on:
- Bard (BCR) – Stock is looking poised to break out to new highs above $100. Buying some in here with a tight stop and adding at $101 would be a good play. Featured Bard last week as well. — 02/14/08 Close $97.56 –
- Sunpower (SPWR) – Had a great move to $80 which was technically a buy yesterday, and today reversed after finding resistance at the 200 MA, closing at $80.67. The stock has gapped to the upside at the open the last three sessions, and I think it will do so again tomorrow. I bought the stock today at $80.99. — 02/14/08 Close $80.67 –
- Solarfun (SOLF) – Same industry group as SPWR and FSLR which ran yesterday some 25% after earnings. I like SOLF with a high volume break at $19. — 02/14/08 Close $17.92 –
- C F Industries (CF) – I featured fertilizer stocks earlier this week, CF was one of them. The stock was originally a buy at $112, and next is a buy at new highs above $121. — 02/14/08 Close $115.60 –
- Potash (POT) – Lower volume today and the gap range holding suggests higher prices to come for POT. Stock was a buy earlier this week with the break above $145. — 02/14/08 Close $148.49 –
- Navios Maritime (NM) – The break above $12.70 made NM a buy today, stock closed at $12.53 and I like it right here. Stock probably needs a broader stop loss but could yield strong returns in the coming weeks if you are willing to risk say 5 – 8% on the downside. — 02/14/08 Close $12.53 –
- China Natural (CHNR) – A riskier stock because of the intense price volatility, but CHNR has seen a lot of institutional support the last two weeks, and today’s $1.36 retracement was on very light volume. CHNR should move higher from here. — 02/14/08 Close $23.64–
- Illumina (ILMN) - The stock may have reversed today, but it came with lower volume. I think January’s highs of $75.20 will be tested. — 02/14/08 Close $70.85 –
- Pharmaceutical Products (PPDI) – I like the stock right here around $44 with a tighter stop. Looking for the price range from 2/7 to be filled. — 02/14/08 Close $44.20 –
- Devon Energy (DVN) – DVN is a buy with a heavy break above $95, which was today’s high. — 02/14/08 Close $93.67 –
- Hess Corp (HES) - HES is a great company that should see higher prices around the corner. Look for a good buy spot to be a price break of $94 on strong volume. — 02/14/08 Close $91.20 –
- Apple (AAPL) – I featured apple as a short candidate last week, and that could have yielded some quick profits. Now with the stocks decreasing volume, AAPL is a buy as a long hold with a heavy volume break of $131. — 02/14/08 Close $127.46 –
- Petroleo (PBR) – Another oil stock with a lot of upside potential. A high volume break at $120 will make for a good entry point. — 02/14/08 Close $115.23 –
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BARD FTW!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Seriously, would love to see this stock break $100 (our Dad works for Bard).
CHNR I have been keeping a very close eye on. Emerging markets did unusually well, so I stayed away from my China shorts, but if it pulls back….
HES I picked up on a screener a while back. It also seems like a strong growth stock and also on my watch list.
PBR too……wow, smart minds think alike, it seems all the ticker symbols above are good picks…
Still long POT….
One solar play above I’d like to add is ESLR (I’d still favor CSIQ & or SPWR per above). I wish there was an index on silicon price, but solar can be highly volatile so I’ve been steering clear as of late….but looking to get back in.
Thanks again! Ray
Sunpower (SPWR) – So the stock essentially rallies for 3 days into the 200 day SMA and you buy it at the top of it’s closing range on the 4th day as it pulled back from this resistance. Huh? Hoping for another gap open? Huh?
What’s your take on STP? It took a pretty big hit but recovered ok. The valuations seem much saner than FSLR.
I don’t know much about STP but by the looks of its chart the stock has simply gotten hammered since it peaked at $90 in early Jan 08. Regardless if the fundamentals are better then FSLR, FSLR is much more attractive on a technical side then STP.
Now, if you are a long term holder then you could buy STP for a 6 months to a year + position and see what happens. Personally though I would rather take my chances with FSLR, or atleast wait until STP begins to fill the most recent gap range (basically a break above $41).