As mentioned in the last post, the S&P 500 is again in bullish mode, having flashed several buy indicators in the past week and a half. And 3 out of every 4 stocks move along with the S&P. Our job: Use technical analysis for the S&P 500 and company stocks in the hottest sectors to maximize profits. Here’s how recent Company Invest picks are faring:
GEMS:
Ford Motor Company (F). Company Invest entry: $14.01. Friday close $15.16. Up 8.21% with LOTS more upside potential. It’s not too late to get in. Technical analysis for this one says buy or add on the pullbacks.
Darling Industries (DAR). A unique food processing play. Compan Invest entry: $14.30. Friday’s close: $15.89, 11.12% gain. A wonderful trade. But this one’s getting a bit overheated. Technical analysis for DAR says take some profits and/or wait for a correction to add.
Sierra Wireless (SWIR). Wireless internet connectivity supplier. Good company that got punished after the last earnings report. Company Invest entry: $10.70. Friday’s close: $10.98. 2.62% gain, with LOTS of upside potential. Like Ford, this is a longer term hold. Technical analysis for SWIR says that this is a long term buy, but wait for a pullback to buy or add.
SCCO: Southern Copper Company. Company Invest entry: $40. Friday’s close: $39.84: Down 0.4%. But this gem has way too mucn upside to ignore. This is one where you take advantage of the correction in the copper commodity and buy this stock on sale. This was way too good of a stock in 2010 to ignore. Plus, with China heating up and rebuilding necessary in Japan, copper will be in high demand.
TURDS
(APWR). A-Power. Once again, we got stopped out with a small loss. This one is worth taking a shot on periodically because of its incredibly high short interest. When it pops, it will go off like a rocket.
HOV: Homebuilder. Housing on the verge of a double dip, if not already in one. Stopped out of this with a small loss when the triangle broke to the downside. Keep on your radar though, as short interest very high on this one too.
WATCH LIST
LQMT: Liquid Metal. Correcting bigtime right now, but when it’s ready (soon) this will be a 30% plus gainer.
MELA: Biotech stock. Developed a mobile skin scanner that detects melanoma. Awaiting FDA approval.
We’ll look at these two in later posts.
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