Bottoming Stocks

By Steve Abraham on Mar 21, 2007

Here are a couple of high profile stocks that I think are near a bottom and can be bought. I think these are low risk trades. Fundamentally, these stocks still generate cash�but have been crushed as of late. Technically, the MACD indicates there is limited downside risk. Also, there are slight upticks in OBV and RSI. Here they are with today’s closing price:

�Johnson and Johnson ( JNJ) 61.22

Amgen (AMGN) 60.60

Pantry (PTRY) 44.17

Group One Automotive ( GPI) 40.42

Starbucks (SBUX) 32.27

This entry was posted on Wednesday, March 21st, 2007 at 6:20 pm and is filed under Annotated Analysis. You can skip to the end and leave a response. Pinging is currently not allowed.