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Mascoutah, Illinois | I have been doing quite a bit of work in the stock market as of late. I will offer my following picks with the disclaimer that following my advice COULD LEAD TO GAINS OR LOSSES.
VLO: The stock is starting to break out above its downward trendline. The stock peaked at $78.68 in July of 2007 and has been trading below its downward trendline ever since. The stock was upgraded earlier in the week. My price target is $40. Your sell stop is $15.29. The stock is trading around $19.00
STLD: The stock broke out today above the double tops of $18.56 on September 17 and $18.63 on December 10. The next resistance level is $24.77. Your sell stop is $18.50.
NVDA: The stock broke out above its double top of $16.58 on September 15 and $16.45 on December 7. I believe the stock trades to $25.25. Your sell stop is $16.40.
TIE: Wait for a $1.00-$1.25 pullback before pulling the trigger on this stock, it looks over extended after today's move. The stock broke out from its double top of $11.52 on June 11 and $11.60 on December 17 & 18. The stock has resistance at $19.86. (IF THIS STOCK CAN CLOSE ABOVE $20.00, IT COULD TEST $40.00.) Your sell stop is $11.45.
ACI: The stock broke out today after an analyst upgrade. My target price is $37 and the stock currently trades at $26. Your sell stop is $24.00.
If you are a patient investor and looking for a possible monster, ENER is the ticker symbol. (A triple in two years.) The stock trades around $12.00.
Keep an eye on HIG. The stock has overhead resistance at $29.59. The stock is currently trading at $26. My 12 month target on this stock is $40.00.
FULL DISCLOSURE: I own VLO, MS, HIG, GILD. I have limit orders in for the above stocks.
Edited by djmcountryboy 1/7/2010 02:19
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For anyone interested in stock picks.
