Buy or Sell: Buy
Long Into Week 32 – AAPL, CF, ROST
Add to watchlist as initial or secondary pivots:
AAPL – 619.97 to 650.97
ACOM – 33.43 to 35.10
ANCX – 13.61 to 14.29 (thinly traded stock = higher risk)
CF – 203.43 to 213.60, 208.43 to 218.85
HIBB – 62.03 to 65.13
HMSY – 34.93 to 36.68
INXN – 19.10 to 20.06
MA – 445.35 to 466.57
PII – 83.73 to 87.92
PRGO – 119.39 to 125.36
PZZA – 50.55 to 53.08
TFM – 57.96 to 60.86
V – 125.45 to 131.72
WPI – 76.10 to 79.91
Add to watchlist as secondary pivots only:
CYBX – bounce from 50-day
DG – bounce from 50-day
ROST – bounce from 50-day
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Even DKS is a good option. I am going to do some comparison between DKS and HIBB in next few days.
What do you think about FEIC, CTSH and the company that is still feeling the weight of the ghost of Einhorn – HLF.
Yes, DKS is another good option that has been on and off the weekly watchlist. Looks like it might have just slightly better fundamentals than HIBB and formed a cup and handle with buy range from 50.42 to 52.94. I have not been specifically following the last three, but that said I just did some brief research. (1) FEIC has been showing a lot of accumulation the past few days and broke resistance around 51.50 and still could be buyable here. Though it appears to be a leader of its group, the group itself is showing relative weakness, which I tend to stay away from. (2) CTSH overall has poor relative strength, despite today’s move. Wild chart action shows significant risk. If you like this industry, there are better looking leaders, both fundamentally and technically. (3) HLF was a former holding. Looks like it has been doing well since May but with the huge selling that occurred before then, it lost a lot of institutional support. It also is still below its 200 day and recently bounced of it which is sometimes used as a short selling signal. Overall with respect to these 3 stocks, I believe there are better technically and fundamentally sound stocks that will significantly lower your risk and improve your odds.