Tuesday, April 6, 2010

Charts from my watch list for Tuesday 4/5/2010

I'll start off with a review of the top charts from last week, today being one week, 4 trading days later.

S&P 500 +1.2%
Russell 2000 +2.3%

KMGB broke out and ran higher up 23.9%
CLCT broke out of it consolidation area up 15.0%
CRIC continues to trade above its down trend 4.1% higher

DLLR (+1.9%) SRLS (-2.8%) and WINA (+2.2%) are still in their handles and will again be featured charts.


Top Charts


China Gerui Advanced Materials Group (CHOP)
This company is a Chinese steel manufacturer. Fundamentally the company has a PE of 7, cash flow from operations for fiscal 2009 ended December 31st of $0.81 per share, current assets in excess of current liabilities of $1.18 per share, and no long-term debt. The company has been growing both sales and earnings.

The chart is a miniature cup with handle. Volume dried up on the left side of the cup and increased on the right side. The two down days in the handle had dried up volume and now as the stock climbs the right side of the handle the volume has picked up once again.




If I had time to finish, the following would also be marked up as top charts:
Finviz charts
CRIC DLLR GMK GTE KCI LION MEND NWL OVTI SRLS VLCM WINA
All the above charts courtesy of stockcharts.com and I did the mark ups myself.
Alas I have not the time to draw up every chart I like and to go into detail, so here are the others on my watch list of interest, by category.


Base with handle:

Finviz charts
BRS GTS IIVI JJSF JOBS LIZ PRE RSG STC TUP UGP


Double bottom (with or without handle):
Finviz charts
CEDU CHBT GPI LHCG MTSC

10 day simple moving average area interaction:
Finviz charts
HMA LL RCKY

20 day simple moving average area interaction:
Finviz charts
SMCI TRLG WMT


50 day simple moving average area interaction:
Finviz charts
JJSF

Flags or consolidating closes:
Finviz charts
ABII CRVL GXDX HVT NKTR NOIZ NUS OGXI ORCH PPCO PSMT TIVO


Other interesting patterns:
Finviz charts
BFR CSIQ CTRP DEER DEST FNDT LAVA MELI MGPI MSO OPNT TSL

Recent Breakouts (new category)
Finviz charts
BOFI CLCT DFZ HOG IRS JOEZ KMGB KWR OZM YUM

Disclosure: I have interests in the following stocks DGP CELH BRCO.ob ALIF.ob MFI. My interest in KMGB was closed out Thursday +$2.22. I am looking to buy something on Wednesday when the KMGB money frees up (T + 3 rule).

1 comment:

  1. I've benefited from this blog more than you will know, Feraldo. I like the detail you go into when describing patterns...very helpful to someone who's only been a practitioner of technical analysis 5-6 months.

    I also like that you incorporate fundamentals into your trading/investing decisions.

    I just wanted to say thank you for taking the time to share your trading/investing knowledge with everyone. See you on Sharptraders.com!


    Rick

    ReplyDelete