LEH Updated Stock Chart
By Brett Goldstein on Jan 14, 2007
Here is an Update on the LEH chart. When i posted this before, the market was due for a correction and this stock was hitting resistance. Ive seen this in the past and it happend again. The stock dropped about 3 pts with the market falling. Now, it has broke out of a 9 month base and closed at new highs on 2 consecutive days. It is not oversold yet and the macd is rising. If this chart does what is supposed to do, it will be going higher in the weeks to come. I bought on friday. Hopefully I am correct about this stock chart.
3 Responses to “LEH Updated Stock Chart”
MER is best if breed here — they just blew the door off earnings; analysts are forced to upgrade and revise estimates; chart is all uptrend. Solid.
http://finance.yahoo.com/charts#chart5:symbol=mer;range=1y;compare=^gspc;indicator=ema(50,200)+volume;charttype=candlestick;crosshair=on;logscale=on;source=
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CROX is forming a short term cup: we are playing this in tandem with sporadic short squeeze pops. This stock is going higher.
Ideas for next week: BDK (LBO), MIDD, CACH, GOL, BBW, and SVNT. MAKT is also expected to move given the report in Sunday’s New York Times. Similarly, look for movement in YRCW after a bull case pitch in Sat’s BARRONS………….
SAC Capital (run by Stevie Cohen) is buying blocks of CACH and especially BBW, as well as PSUN, surprisingly.
LEH, MER, and GS all look healthy. We remain bullish in the broad market and would use further LBO activity to play gains. Weakness can be exploited via market nuetral strategies. BBI long and NFLX short defined our week although if the mkt is down on Tuesday, we’ll feel compelled to profits………..
DJ
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