8 Performing Stocks
Posted on May 21, 2007 at 17:24 PM EDT
There has been plenty of positive movement in my newsletter picks - although many have gone straight up with little in the way of a pause for breath. For those looking for a recent sample of newsletter stock picks can get them here . NTELOS Holdings ( NTLS ) has been riding the gains from its May 2nd earnings . The MACD bearish divergence was blown out of the water on the news, supported by solid accumulation as measured by on-balance-volume. The stock featured for newsletter subscribers in January and April, before the stock launched to current levels. A trailing stop can be placed on a break of the lows of the May trend. The 0.70% yield provides a loose change bonus. Partner Communications ( PTNR ) has moved in well defined steps. The most recent surge was backed by Q1 earnings . There are some concerns with falling volume on higher prices, but stop placement is relatively easy here with a solid bull trend to back the rally. The stock featured for newsletter subscribers back in February. The 11.7% yield is optimistic, although the last 4 quarterly dividend payments were $0.30, $0.10, $0.10, and $0.09. Raven Industries ( RAVN ) got a great boost off earnings , but the stock is a long way from support so some consolidation can be expected. The 1.4% yield is a handy bonus. The J.M. Smucker Company ( SJM ) has been a great consumer staple stock with a healthy 2.20% yield. The 20-day MA is a good place to run a trailing stop as the stock is looking a litte rich from its prior $46-49 base. The stock was a subscriber pick in February and has offered a couple of opportunities to add to an existing position. Volume has worryingly declined on each new high - to the extent the on-balance-volume trend has flattened. Uniao de Bancos Brasileiros S.A. ( UBB ) has been a great vehicle for some Brazilian exposure. The provided a picture perfect head-and-shoulder reversal buy back in March, when it first featured to my subscribers. It then made a mini-breakout prior to breaking $97.50. Monday's doji has the look of a bearish shooting star and a pullback fo $107 and/or 20-day MA would be the best place to look to buy or add. The 1.20% yield is a modest bonus. Carl Icahn recently disclosed a 29% stake in American Railcar Industries ( ARII ) which helped tack on another 4% to the stock price. The accumulation which first featured in February reappeared in May when it breached $34.32 resistance on volume - enough to qualify it as a newsletter pick. At this point I would like to see it ease back to $37-38 with the 20-day MA a potential good place to buy or add. The 0.30% yield is not something to get excited about. Lincoln Electric Holdings ( LECO ) nicked a break of $68.77 resistance on rather tepid volume (although the net accumulation trend as measured by on-balance-volume has been good). This followed a big gain and upgrade on earnings when it featured for newsletter subscribers. The company also declared a dividend payment of $0.22 a share, part of a 1.3% yield. The final stock, Mad Catz Interactive ( MCZ ) was a more speculative newsletter pick and Monday's big gains does not look to be tied to any news release (pump-and-dump?). Maybe Monday's gains is related to its License agreement with the NFL and earlier Halo deal when it made it as a newsletter pick? Technicals are nicely placed for further gains even if it is a little rich after Monday's 29% gain. fallond http://www.text-link-ads.com/xml_blogger.php?inventory_key=W8ALRTVMMFP169D6MOBD
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