Picks
for November 13, 2009
|
STOCK
|
RESISTANCE
|
STOP
|
TARGET
|
|
DELL
|
$15.72
|
$15.62
|
$17.00
|
|
JNPR
|
$25.00
|
$24.88
|
$27.00
|
|
NVDA
|
$13.82
|
$13.72
|
$15.50
|
|
YHOO
|
$16.36
|
$16.26
|
$18.00
|
DELL RESISTANCE LEVEL - $15.72
DELL is sitting in a
consolidation range, waiting for a chance to move higher. The high of this range is $15.72, which is resistance
for this breakout move. We are buyers
once DELL breaks through this high and expect to see a strong upside move. Keep a close eye on DELL for Friday.
JNPR RESISTANCE LEVEL - $25.00
JNPR gapped lower
on Thursday, but found support at the $24.00 level. The stock closed above the middle of its
range and could make an upside move on Friday.
We are buyers of JNPR once it breaks through Thursday’s high of
$25.00. This has potential to be a good
trade, so keep JNPR on your radar for Friday.
NVDA RESISTANCE LEVEL - $13.85
NVDA broke
resistance on Thursday, but the weak overall market pulled the stock down
slightly on the day. We still like how
the stock is trading and expect to see another upside move soon. Resistance for
this move is $13.85, which reflects Thursday’s high of the day. If the market bounces on Friday, NVDA could
be a big mover on the day. Watch it closely throughout the day.
YHOO RESISTANCE LEVEL - $16.36
YHOO has been
sitting in a range the past few days, holding up well at the $16.00 price
level. The stock has a three-day high of
$16.36, which is resistance for any breakout move. If YHOO can break through this level, we
should see an increase in volume as traders push it higher. YHOO will move quickly, so watch it closely
on Friday.
STOCKS
FROM NOVEMBER 12, 2009
|
Stock
|
Buy ($)
|
Sell ($)
|
P/L ($)
|
% Gain
|
|
CMCSA
|
NT
|
|
|
|
|
ERTS
|
NT
|
|
|
|
|
HOV
|
NT
|
|
|
|
|
NVDA
|
$13.83
|
$13.78
|
$(50)
|
(.36)%
|
|
|
|
|
|
|
|
Today
|
|
|
$(50)
|
(.36)%
|
|
Month-to-Date P/L November 2009
|
|
|
$120
|
1.05%
|
|
|
|
|
|
|
|
Year-to-Date P/L
|
|
|
$8,390
|
56.85%
|
*Percentages are based on Percent Gained/Lost
per Trade accumulatively
CMCSA – No trade. Stock broke resistance early in the morning running
straight up to highs of the day.
ERTS – No trade. Stock did not break resistance.
HOV
– No trade. Stock did not break
resistance.
NVDA
– We bought NVDA on its breakout right near 10am EST. The stock hit a high of $13.85, where it
stalled and sat for a few minutes. The
market started to drop and we sold when it broke its short-term support at
$13.80. Normally we might try and hold
this trade a bit longer, but the market started the day weak, bounced up
quickly and then started to drop again, all within the first 30 minutes of the
morning. We did not want to get stuck in
a possible market and stock drop.
