Tag: earnings

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Stock Chart Scan 03/11/2011

Ford Motors (F) is testing 2-year support after making a recent high around $19.00 during earnings season. Since its high the stock has been hammered on concerns of slowing growth in Chinese markets and stagnant US markets. Today’s candle and low at $13.85 represents a key support level as shown on the chart above.

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KongZhong (KONG) March 2011 $7.50 Calls (5) @ .75

KongZhong (NASDAQ: KONG) made a huge move up after an upbeat earnings report with strong guidance. The Chinese wireless application company saw its stock rise 15% breaking above $7.80 on a huge spike of volume. With a float of just 7-million shares KONG may have another leg up in coming weeks.

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Sina Corp (SINA) March 2011 $80 Put (1) @ $3.64

Speculative growth companies like Sina Corp (NASDAQ: SINA) are especially prone to sharp sell offs during periods of overall market weakness. These high beta stocks are even weaker after gap reversals. Sina met up with resistance at the first of two small gap downs made in late February.

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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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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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Stock Chart Scan 02/09/2011

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.

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Compass Minerals (CMP) Forms Cup & Handle Pattern

Kansas based Compass Minerals (NYSE: CMP) is involved in the production and marketing of mineral products in North America and the United Kingdom. With the recent announcement of strength in its fertilizer segment, Compass Minerals looks set to breakout of a 3-year cup & handle chart pattern.

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Stock Chart Scan (09/20/2010)

Today’s scan includes Discover Financial (DFS) and Capital Gold Corp (CGC). Although Discover has a seemingly weak fundamental picture the chart seems to tell a different story. With the formation of an inverse head & shoulders pattern, DFS looks poised for a move. Capital Gold is a small gold mining stock in a hot sector. Recent candles suggest a run at a new 52-week high.

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