Tag: chart

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LDK Solar (LDK) April 2011 $12.00 Call (3) @ $3.20

Solar earnings reports have been largely bullish with the exception of First Solar (FSLR) last week. The charts of some of these solar stocks look attractive for speculative money. LDK Solar Co (NYSE: LDK) is no exception, showing a clear cup & handle formation on a 4-month chart. The pattern has a $15.00 neckline and support at $13.50, with 31% of the float held short.

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Trina Solar (TSL) January 2012 $27.50 Strike Call (1) @ $7.00

While we remain skeptical of the entire alternative energy sector in the near term, the chart pattern formed by Trina Solar (NYSE: TSL) proved irresistable. The China based manufacturer of photovoltaic (PV) modules worldwide has a chart pattern that indicates heavy accumulation taking place. A “mini” cup & handle formation within a larger ascending triangle formation seems like a good place for a speculative investment.

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Dean Foods (DF) June 18th $8 Strike Call (2) @ $2.80

Dean Foods (NYSE: DF) has been hit hard over the past few years. The dairy product manufacturer has seen its stock price decline from the mid $20′s to just $10.40 as of today’s close. While the dairy industry has been hard hit with high input costs and slim margins, comments made during this quarter’s earnings release indicate stabalization.

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Spartan Motors (SPAR) 250 Shares @ $7.10

Despite a quality earnings release (SPAR) was down more than 8% and closed near session lows. With Spartan showing such a beautiful multi-year breakout we simply couldn’t resist re-entering on the pull back. Watch (NASDAQ: SPAR) as it attempts to backtest support near $6.75.

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Intel Corp (INTC) 125 Shares @ $21.69

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.

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Spartan Motors (SPAR) 275 Shares @ $6.86

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.

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Gap (GAP) March 19th $22 Strike @ $1.25

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.

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China Agritech (CAGC) March 19th $11 Strike @ $2.35

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.

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US Dollar Debasement Continues: QE3 Coming?

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.

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Stock Chart Scan (01/18/2011)

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 [...]

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