Intel (INTC) is a computer technology giant with a good looking chart. Despite its lack of appeal for traders, this company is attracting our attention. A hefty 3.30% dividend yield and inverse head & shoulders pattern make Intel worth looking at. If it can bust through neckline resistance at $22.00 we think it can generate an immediate 1-2 points of return.
Spartan Motors (NASDAQ: SPAR) designs and manufactures various parts of motor vehicles – but its chart looks more attractive than its business model. Looking at the chart above you can make out the rough outline of an inverted head & shoulders pattern. Today, this stock came up on my radar as it pierced through its $6.95 resistance level.
Gap (NYSE: GAP) is a clothing retailer that has been volitile lately. The company experienced a steep sell off in early January, dropping from $22.41 to $18.94 before bottoming. Market trading action caused a small sized gap in the chart near $21.50. We decided to get short with a small sized put option after the gap was filled.
Elong (NASDAQ: LONG) made the classic head & shoulders pattern shown on the chart below. Breaking below the $16.50 neckline this week, eLong looks extremely bearish. The Chinese online travel service provider announces earning February 18th. Although we missed the original move lower, eLong may provide a short term bounce for a short entry near the neckline. The China based online travel company is in a sector seeing huge growth.
China Agritech (CAGC) is a manufacturer of liquid fertilizers in the People’s Republic of China. The company has come under scrutiny in recent trading for securities fraud allegations regarding the size and scope of its business. Short sellers have taken hold of the company, sending shares down from their peak of $30.75 to just $7.44 per share in recent trading.
Through the Fed’s announcement to create inflation through currency debasement, the US Dollar managed to hold key support levels. While this feat is nothing short of miraculous, we believe the dollar’s days of holding key technical levels are soon to be over.
With the rapid growth of online stock and options trading came a wave of online discount brokers. However, not all online brokers were created alike. In a race to the bottom for the cheapest online trading fees a few online brokers took it to the extreme. Tradeking was one of pioneers in the industry, introducing low stock and options trading fees of just $4.95 plus .65 per options contract. Discount brokerages have revolutionized online stock trading.
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Toy manufacturers Hasbro (NASDAQ: HAS) and Mattel (NASDAQ: MAT) have made major moves higher in the past 12-month period. However, recent poor earnings comments coupled with weak consumer spending has sent shares of each company well off their highs. Both Hasbro and Mattel are testing key support levels displayed on the charts below. Hasbro Free [...]
Southwestern Energy (SWN) and the United States Natural Gas Fund (UNG) are two stocks heavily dependent on the price of natural gas. Each of these stocks has broken above key long term resistance in recent trading. As the United States gradually moves toward energy diversification, these stocks should strengthen accordingly. Watch for bottoming action in [...]