Da Picks from da scans!
Ok here they are, with a few comments: (ob = overbought, os = oversold, BB = Bollinger Bands, mom = momentum)
Also, stop limits are changing: Stocks $5-$20 range I am using -3/4 as a stop limit. Stocks $20+ range -1 pt stop limit.
Combination of TA and value plays:
*CEFT; ready to break out of os
OMI: (WATCH) buy @ 17 1/2
UICI: strong chart, just entered ob, but has room to go.
*OH; just left os, strong stock..good sector
Value plays: this week 1/2 of the list is OIL related! Most of these have gone into overbought territory due to last weeks. All the picks form last week were great shorts for the first 2 days of the week. The stocks quickly rebounded and some are again candidates for shorting (see bottom of post for shorts). However, even these short candidates have good long term potential.
This weeks plays are:
*TDW; contrary to the other oil stocks, this one just entered os, +mom, and + wilder.
*ADCT; + wilder, + mom
UNDERVALUED: These are stock with good movement to the upside. Usually strong companies
*FAST: moving into ob territory but a very strong stock
*NAUT
ORCL
*SSAX; bounce off 25mda, just entering os buy at 7 1/2
*VOX; nice bounce as it left ob area, wants to get to 8 + wilder, + mom
NUE; in os, all signs are positive
*GNT: play this for pop, just left os
ASDCT: +mom, wants to go back into ob territory..driving price higher
*GNZ: just entered os, strong
*CHIR; entered os, + wilder, + mom
*IRIC; moving to os, + mom, + wilder, trending along upper BB
QMED: basing @ 8.00 range, + mom, + wilder
TA breakouts; this scan doesnt produce many stocks...very narrow..but they do very well..
*FMY
*YFCB
*WLF
*FG
POSTIVE BREAKOUTS: Modeled using Telscan searches combined with the Vector Vest" theories: vectorvest.com
SOSS; + mom
BVF; + mom, + wilder, stochastics upturn
Note: nearly all of the stocks in the positive breakout list are in overbought territory. These may be looked at as potential shorts...however, these stocks are very strong..thus limit orders are a must. Overall, mid term holds on the list.
Stocks common; these are stocks that have shown up on more than one scan; These do well long term.
*NAUT CEFT *FAST ORCL
Shorts:
ESV
NBR
KEG
SII
EVI
TBI
CDG
Again set the appropriate stop limits.
* denotes the personal selections of me. All stocks should be considered.
DISCLAIMER:
The information presented by me is not an offer to buy or sell securities referred to herein. By no means is the company information complete. One should obtain financial statements and a full due diligence package, including chronological news releases, from this company prior to reaching any investment decision. In addition, it is highly advisable that information provided here, should be verified by the respective companies represented. One should not rely upon a single source for financial information, financial data, and corporate information. One should also use the full battery of available technical analysis (including stock charts, moving averages, etc.) and consult a licensed financial advisor for an independent opinion. The information provided is from my own due diligence and my own search criteria developments. I am not in in the financial advisory business. I am not responsible for the outcome of anyone's investment decision.
$BILL
|
