Stock Pickin

By Steve Abraham on Nov 27, 2007

I think the following stocks are buyable with tight stops:

SU - Sucor Energy - Still in Uptrend. Down near 20% from its high.

XOM - Exxon Mobil - Still in Uptrend. Bumping up against one year trend.

CBG - CB Richard Ellis - Stock is breaking out of long downtrend. MACD turning positive. Watch for continued strength here. Stock up the last three days in volatile market.

RIMM, AAPL- Long time tech favorites look decent here. Apple rumored to sell 25 million iPods this quarter. Apple going to crush its own higher guidance this quarter.

VMW - Oversold. Buy at $70.

MA - Maybe a little early to buy, but I would step in around $165-170.

EBAY - Same story with MACD. Lower prices but higher MACD. Usually good indication of bottoming stock. Stock down 20% from its highs.

This entry was posted on Tuesday, November 27th, 2007 at 4:27 pm and is filed under Annotated Analysis. You can skip to the end and leave a response. Pinging is currently not allowed.

9 Responses to “Stock Pickin”

By Doug Gryder on November 28th, 2007 at 4:43 am

Do you think that SU is a buy here. It looks like there may still be some downside potential if it breaks through its trendline right here. RS looks weak and it was down on increasing volume.

By Anonymous on November 28th, 2007 at 12:03 pm

What do you guys think of EFII?

By Steve Abraham on November 28th, 2007 at 1:44 pm

I agree that SU is up against its trend, but that is the reason for the buy . I think you can buy it with an 8% stop loss.

By Steve Abraham on November 28th, 2007 at 1:57 pm

EFII - I think the stock has bottomed at 20.87. on the big reversal with over 8M shares traded. Technically, its looks good but Im not sure I would chase it here. I may be inclined to wait for a pullback.

By Aaron on November 28th, 2007 at 6:51 pm

What do you think of RIG? It just merged with GSF and is hitting new highs and showing some great outperformance. I think AAPL is a good play going into Christmas, they should do very well.

By Elizabeth Pogue on December 19th, 2007 at 4:12 pm

These stocks are still obviously up. Just about any energy company is profitable nowadays. Wizetrade doesn’t show very many dips either.

By John Bantam on December 26th, 2007 at 3:56 pm

I hate stops, because it shows a slow down in the trend. Wizetrade even tells you that.

By Gordon Collins on January 10th, 2008 at 1:53 pm

Exxon Mobile is much more than just an upward trend. Since they single-handedly control our economy; they’re a force to be reckoned with if you have the investment dollars. But for most people, their stock is too expensive now.

By Greg Webber on January 18th, 2008 at 2:25 pm

I agree. Your dead on. Wizetrade is pretty helpful too.