Posts Tagged 'Price level'

Gold Ready To Climb? 20 Gold Stocks With Big Upside

The $1,650.00 price level has proven to be a significant one for gold over the past year. In the summer months of 2012, while below this price level, the precious metal found strong resistance at this level, failing to break above it until late August, 2012.

But since climbing above $1,650.00 last August gold has, once again, used this level as strong support. The precious metal has flirted with this support level a few times in the past two months and, ...

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September 19, 2012

Buy CMS, preferably between $22.75 and $23.10.

Initial profit target @ 3.5% above purchase price.

Protect from loss @ $22.75.

CMS Energy Corp. (CMS) is trading just above strong support at the $22.75 level , offering a good entry point.  Fundamentally, the mid-cap is strong.  Stochastic and MACD on both daily and weekly charts look to be turning upward, showing signs of a coming bounce off of support.  If CMS falls below support at $22.75 and doesn’t return within the session I ...

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September 17, 2012

Buy PCG, preferably between $42.50 and $43.25.

Initial profit target @ 3.5% above purchase price.

Protect from loss @ $42.50.

PG&E Corp. (PCG) broke above resistance at the $42.50 price level in late April and has since used this level as support.  The stock is now trading just above this level, offering a good entry point.  Fundamentally, the company leaves a bit to be desired but is certainly strong enough to turn things around.  Stochastic and MACD are unclear but I suggest ...

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September 14, 2012

Buy MCK, preferably between $85.50 and $88.00.

Initial profit target @ 3.5% above purchase price.

Protect from loss @ $85.50.

McKesson Corporation (MCK) has been trading just above support near the $85.50 level for over a month and looks to be ready to turn upward.  Fundamentally, the company is strong.  Stochastic and MACD on both daily and weekly charts look good as well and show signs of a coming bounce off of support.  If MCK falls below support at $85.50 and doesn’t ...

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September 13, 2012

Buy NTC: Nuveen Connecticut Premium Income Municipal Fund

Profit target @ $15.00 or use a 6% trailing stop (see Strategy page).

Protect from loss @ $14.20 or use trailing stop (mentioned above).

Nuveen Connecticut Premium Income Municipal Fund (NTC), a closed-end fund (CEF), is trading within a strong, up-trending price channel and is currently near horizontal support at $14.20.  Stochastic and MACD are mixed but support looks strong.  This may be a good choice for those looking for monthly income as ...

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September 13, 2012

Buy CMS, preferably between $22.80 and $23.25.

Initial profit target @ 3.5% above purchase price.

Protect from loss @ $22.80.

CMS Energy Corp. (CMS) is trending within a strong, up-trending price channel and is currently trading just above horizontal support at $22.80.  Fundamentally, the company is strong and produces good returns.  Stochastic and MACD are mixed but I suggest focusing on support with this trade.  If CMS falls below support at $22.80 and doesn’t return within the session I suggest exiting the ...

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September 12, 2012

Buy DLR, preferably between $72.50 and $73.50.

Initial profit target @ 3.5% above purchase price.

Protect from loss @ $72.50.

Digital Realty Trust, Inc. (DLR), a real estate investment trust (REIT), is trading just above support at $72.50, offering a good entry point.  Fundamentally, the trust is strong.  Stochastic and MACD on both daily and weekly charts look to be turning upward, showing signs of a coming bounce off of support.  The trust also offers a 3.98% annual dividend, distributed quarterly.  As ...

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September 11, 2012

Reiterated (from September 10): Buy PCG, preferably between $43.00 and $43.50.

Initial profit target @ 3.5% above purchase price.

Protect from loss @ $43.00.

PG&E Corp. (PCG) has tumbled a bit recently due to poor earnings but looks to be consolidating at the $43.00 level.  Fundamentally, the company has room for improvement but this has likely been priced in to the stock and, therefore, is less of a concern.  Stochastic and MACD on both daily and weekly charts look to be turning ...

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September 10, 2012

Buy PCG, preferably between $43.00 and $43.50.

Initial profit target @ 3.5% above purchase price.

Protect from loss @ $43.00.

PG&E Corp. (PCG) has tumbled a bit recently due to poor earnings but looks to be consolidating at the $43.00 level.  Fundamentally, the company has room for improvement but this has likely been priced in to the stock and, therefore, is less of a concern.  Stochastic and MACD on both daily and weekly charts look to be turning upward, showing signs of ...

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September 7, 2012

ADSK and FIS, up 4.69% and 2.38%, respectively, within the session (September 6).  Nice work to those who took quick gains.

Reiterated (from September 6): Buy UDR, preferably between $25.00 and $25.65.

Initial profit target @ 3.5% above purchase price.

Protect from loss @ $25.00.

UDR, Inc. (UDR), a real estate investment trust (REIT), broke above resistance at the $25.00 price level early this year and has since used this level as support.  The stock is currently trading just above this level, ...

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