Barchart.com's Chart of the Day - VF Corp (VFC)

Buy or Sell: Buy

Long into Week 13: ALXN, BWLD, CELG, FFIV, HLF, INVN, KORS, MA, PCLN, RAX, RGR, SWI, TNGO, ULTA, VAL, VMW


Add to watchlist, within or near buy range:


Top picks:

GNC ? 33.80 to 35.49

SWI ? 39.85 to 41.84

Additional Picks:

ASPS ? 64.91

BIDU ? 142.59 to 149.72

CELG ? 75.21 to 78.97

CLR ? bounce from 50-day

FFIV ? 130.37 to 136.89

LECO ? bounce from 50-day, or 47.52

MANH ? 47.62 to 50.00 or bounce from 50-day

MELI ? bounce from 50-day

PII ? 70.41 to 73.95

RGR ? 46.78 to 49.12

TDG ? bounce from 50-day

TIBX ? 30.04 to 31.54

VAL ? 47.71 to 50.1

VFC ? 150.1 to 157.61

VMW ? 111.53 to 117.11 (note 5 year chart)

The stock stock displayed some impressive relative strength with a 6.81% gain. After consolidating in between the 10.45 resistance and the 9.81 support for over three weeks, the stock finally broke out from its consolidation and marked a new month's high of 10.96. Therefore, the 10.45 level is now the support level. At the mean time the 20 and 50 SMA shall continue serving as the dynamic support to the stock. On the daily chart basis, the technical indicators are looking better now for the stock. The rising of the MACD histogram suggests a weakening of the bearish signal and MACD line has a positive crossover. In addition, the bullish crossover in the ADX chart adds to my conviction. Besides, the breakout was accompanied by volume. Based on technical reasons, there is a near term to midterm opportunity for shares of ZAGG to rebound to higher levels. A move above $11.73 could spark a huge short-squeeze. Short % of Float 48.8%. Potential upside of 100% exists for Zagg Inc, based on a current level of $10.66 and analysts' average consensus price target of $20.50. The stock should find initial resistance at its 200-day moving average (MA) of $11.73 and further resistance at $12. Shareholders may remain invested with a stop-loss at $9.81.

Stocks pullback modestly while bonds decelerated from its initial decline; major indices finished almost flat for the week where the S&P500 down by just half a percentage lower and the Dow Jones CBOT Treasury index added only 0.4%. Commodity was the weakest asset this week as weighed on fall in crude oil. Market sentiment was mostly on the negative side as economic data showed weaker prints relative to market expectation; where housing market remained weak on both new home sales (313k vs. 330k) and existing home sales (4.59m vs. 4.60m). Looking forward next week, investors will be focusing on consumer confidence, GDP and consumer spending as rising gasoline prices are becoming a critical economic recovery barrier.

Technical Highlights:
? Bonds decelerated from its decline, stocks turned slightly lower as fixed income rebounded.
? Stocks' internal tumbled across major equity benchmarks as the percentage of stock above 50 day moving average dropped shapely; negative divergence remains a concern as indices continue to rise while their underlying stocks keep on weakening.
? Energy stocks weighed on crude oil; offensive group remained strong in downward market environment.
? Historical returns continued to bias toward materials and energy, which become the market leading sectors.
? The yield curve came down slightly after hitting its 6 months high on the longer maturity bonds; however the 2yr rate is reaching a bullish moving average crossover, which suggests rate will remain at a high level.

March 22, 2012 - Oracle (ORCL)

"How to Boost Your Returns With ONE Secret ETF Strategy"

Free Webinar Recorded on Tuesday, December 3rd at 8:00 PM EST (New York Time)

In this free online class John Carter will share with you:

A Powerful Simple Strategy for Trading Options on ETFs
The SAFE Levels to Take Risk
The Very Best ETFs to use
Which ETFs You Have to Avoid Like the Plague
And much more...

There are 9 reasons why you SHOULD trade options on ETFs...and they're in this video...

9 Reasons to trade Options on ETFs

You'll learn from John Carter...

Why ETFs are his BEST Instrument for Options Trading
How he wires 34k from his Trading, to his Personal Account
Why ETF Options are untouchable by Market Makers
And a LOT more...

Proof that 'account size doesn't matter' is often very hard to find. People say it doesn't matter...but can't prove it.

Just Released: 50 top movers in 2013

MarketClub.com has been in the business of trend following for decades, and they are happy to announce that you can take a look at Today's Top 50 Trending Stocks now...for free! This dynamic report is a list of market movers that can make a difference in your portfolio for 2013.

It costs you nothing, and it could be the game changer you have been looking for.

It's time you started trading like the smart money, get started today for free!

See how your picks stack up against other posters - join our weekly stock picking contest. Your win will be registered under your username and everyone will know about your stock picking talents.

Hey everyone, advice needed.

Does anyone see BA with any positive future? Right now, BA is only about $1 above the 3 month low, but also about $10 short of their 52 week high.

Can anyone offer any insight into what they think will be happening with this stock? I have been holding for awhile, and it just keeps dropping, then popping back up, I am getting bored with it and think I'll sell as the price is pretty much identical to what I bought at.