PDA

View Full Version : Analyst Observations



HarryAloof
10-18-2014,
[ARII] American Railcar Industries, Inc. ($61.17) - Transports/Non Air - Shares of ARII reversed a series of lower tops going back to the highs of $82 in Thusday's session as the stock followed a low of $58 on Wednesday with a double top break at $63. The attribute rating is 3, but among the negative attributes today is trend. Traders may consider scaling into a play to the long side, using stops of $57 on the downside. After with a 3 point move higher intra-day on Thursday the stock remains deep into oversold territory, with no visible resistance until the mid-70s.
[CMRX] Chimerix Inc ($32.18) - Healthcare - With the most recent action, CMRX broke a double top at $34, completing a bullish triangle pattern. The trend is positive here and it's a 5 for 5er. Okay to consider this stock on the breakout. The first sign of trouble would occur at $28, a double bottom sell signal.

[CTAS] Cintas Corporation ($68.06) - Textiles/Apparel - With the recent market action, CTAS broke a double bottom at $67 after forming two tops at $71. As a result of this break, the trend chart of CTAS has formed a potential shakeout pattern. If this stock can reverse up into Xs, then CTAS would hit the action point on the shakeout. Okay to consider this stock on a reversal up.

[FARO] FARO Technologies, Inc. ($51.04) - Electronics - With the most recent action, FARO completed a double top buy signal at $52. This stock is a perfect 5 for 5?er within the unfavored electronics sector as it has all positive trending and relative strength characteristics. As well, this stock has seen 2 months of positive monthly momentum, signaling a longer term trend turnaround. Okay to buy or hold here. The first sign of trouble would come with a move to $48 where the bullish support line would be violated, therefore downticking this stock to a 4 for 5?er.

[GDP] Goodrich Petroleum Corporation ($9.48) - Oil - Shares of GDP peaked at $30 in June and the stock was cut in half by September, and very nearly cut in half again before bottoming at $8.0 this week. Two near-term bottoms have been placed at that level, while a first double top break was published on Thursday at $10.0. Trend is negative and this chart development opens a door for aggressive bottom-fish traders only, but within those confines the $9.0-10.0 range can be considered for entry points for trades. Stops may be placed at $7.50 upon a new low, while the upside target of $17.0 may be used based upon next resistance.

[GWRE] Guidewire Software Inc ($47.10) - Software - GWRE broke a double top at $48 with the most recent action. The trend is positive here and it's a 5 for 5'er. Okay to consider this stock on the breakout. The first sign of trouble would occur at $43, a double bottom sell signal.

[GWW] W.W. Grainger, Inc. ($239.16) - Machinery and Tools - After a negative reaction to earnings, GWW completed a double bottom sell signal at $228 and continued lower to $224, a new 52 week low. This stock is an unacceptable 2 for 5?er within the unfavored Machinery and Tools sector. Continue to avoid for now as the overall weight of the evidence is negative.

[HSIC] Henry Schein, Inc. ($111.56) - Healthcare - With the most recent action, HSIC broke a double bottom at $110, setting up a potential shakeout pattern. If this stock can reverse up into Xs, HSIC would reach the action point on the shakeout.

[PCLN] Priceline Group Inc. ($1,058.75) - Internet - Not may stocks can fall 350 points from their highs and call that a decline of less than 30%, but that has been the case for PCLN which traded as much as 25% off its March highs of 1376 by its lows this week. With Thursday's session the stock has provided the first indication of a near-term bottom, breaking a double top at 1064 to return to a buy signal while still well into oversold territory. Trend is negative and the attribute rating is 2, but this at least offers a bottom-fish trading opportunity for those so inclined. Stops of 1016 may be used on the downside, which would take the lows from earlier in the week.

[STRT] Strattec Security Corporation ($78.57) - Autos and Parts - STRT just broke a double top at $81, taking it up from the bullish support line as well as returning it back on a buy signal. The trend is positive here and it's a 5 for 5'er. Okay to consider STRT here on the breakout. The first sign of trouble would occur at $72, a triple bottom sell signal and violation of the bullish support line. Earnings are on 10/23/14.

[UPL] Ultra Petroleum Corp. ($23.57) - Oil - Over the last few weeks, the trend chart of UPL has been trading in a series of lower tops and lower bottoms, resulting in the formation of a bearish signal. With the recent market action, UPL reversed up into Xs, setting up a potential bearish signal reversal. If this stock can break a double top at $27, then the bearish signal would be reversed.

[USB] U.S. Bancorp ($38.94) - Banks - USB broke a double bottom at $39, setting up a potential shakeout pattern. If this 3 for 5'er can reverse up into Xs from here, then it would reach the action point on the shakeout. Okay to consider this stock on a reversal up into Xs.

DWA - DIF Broker

Disclaimer

WARNING

The Analyses that are on this site are not recommendations to buy or sell, so no decision should be taken without consulting your financial advisor in advance.

Dif Broker makes no exhaustive and permanent analysis to any issuer, issuing opinion solely on known technical standards.

The texts reflect the opinion of the authors and do not bind the opinion of Dif Broker.

The authors make mention of positions, direct or indirect, that may hold in the titles analyzed.

General Risks of Investments and Trading

All tradable securities, whether stocks, futures, forex or CFD's are speculative in nature and involve substantial risk of loss.

Therefore we strongly encourage you to seek private consultancy, through your financial advisor or broker, or make your independent research before taking any position based on information published here. We can not guarantee that this information is complete or correct.

You can lose money investing

Trading in shares or other financial instruments always involve risks. For this reason you should only invest the money that you have the possibility to lose.

Past results are no guarantee of future results

All investment involves risk whereby the investment decisions are the responsibility of the investor. There is no guarantee that systems, indicators and other trading signals will result in profits. Investors are advised to thoroughly understand all the risks associated with investments that claim to do.

Never invest without fully knowing the result of the worst scenario.

Dif Broker is a financial intermediary that is registered in the CMVM for the provision of consultancy services for investment, and can perform customized investment recommendations.