Buys, Stops and Sells for the Week
http://www.setthestageforsuccess.com/articles/16161/1/Buys-Stops-and-Sells-for-the-Week/Page1.html
Steven M. Goffner, MBA
Steven M. Goffner, MBA has been an Accounting, Finance, and Business Management Professor since 1982. He is a former Finance Coordinator for The New York Stock Exchange and educates the public about common-sense methods for investing in stocks. His articles appear weekly on http://WallSt.net for premium subscribers.
By Steven M. Goffner, MBA
Published on 08/18/2008
This morning, I am putting out a buy recommendation on Nordson
Corporation. This stock has shown considerable strength over the past
six months and has undergone some selling pressure recently. As a
result, the stock has become oversold as in now a prime candidate for a
trade. You can enter a long position in NDSN once the MACD crossover is
complete or if you are looking for better confirmation, you can put in
a limit order to buy the stock at 73.22. This is a medium risk play.
Initial support is at 68 with resistance at 78.
This morning, I am putting out a buy recommendation on Nordson Corporation. This stock has shown considerable strength over the past six months and has undergone some selling pressure recently. As a result, the stock has become oversold as in now a prime candidate for a trade. You can enter a long position in NDSN once the MACD crossover is complete or if you are looking for better confirmation, you can put in a limit order to buy the stock at 73.22. This is a medium risk play. Initial support is at 68 with resistance at 78.
Our WallSt.net trading portfolio continues to outperform the rest of the market. As I have mentioned several times, if you buy the best stocks in the best industries as they begin an initial wave of momentum, you should be able to be profitable over 70 percent of the time! Here is a summary of our trading portfolio:
GRC -- recommended at 41.31, now trading at 44.75. Raise stop order to sell to 41.85.
SHLD -- recommended at 71.58, now trading at 93.03. Raise stop order to sell to 86.09!
CLHB -- recommended at 72.20, now trading at 79.87. Raise stop order to sell to 73.28!
SU -- recommended as a short sale at 57.80, now trading at 50.60. Lower stop order to buy to 54.03!
ARG -- recommended at 60.06, now trading at 59.29. Keep stop order to sell at 55.06.
MA -- recommended as a short sale at 263.78, now trading at 242.40. Keep stop order to buy at 243.10!
BAC -- recommended at 32.37, now trading at 29.77. Keep stop order to sell at 27.75.
MON -- covered our short sale yesterday at 113.85 for a 1.2% short-term profit.
OLN -- recommended at 28.37, now trading at 28.19.
Our WallSt.net trading portfolio continues to outperform the rest of the market. As I have mentioned several times, if you buy the best stocks in the best industries as they begin an initial wave of momentum, you should be able to be profitable over 70 percent of the time! Here is a summary of our trading portfolio:
GRC -- recommended at 41.31, now trading at 44.75. Raise stop order to sell to 41.85.
SHLD -- recommended at 71.58, now trading at 93.03. Raise stop order to sell to 86.09!
CLHB -- recommended at 72.20, now trading at 79.87. Raise stop order to sell to 73.28!
SU -- recommended as a short sale at 57.80, now trading at 50.60. Lower stop order to buy to 54.03!
ARG -- recommended at 60.06, now trading at 59.29. Keep stop order to sell at 55.06.
MA -- recommended as a short sale at 263.78, now trading at 242.40. Keep stop order to buy at 243.10!
BAC -- recommended at 32.37, now trading at 29.77. Keep stop order to sell at 27.75.
MON -- covered our short sale yesterday at 113.85 for a 1.2% short-term profit.
OLN -- recommended at 28.37, now trading at 28.19.