Trade Alerts: Feb. 18, 2014

2-18-2014 7:51 AM

We are taking positions in these ticker symbols:  CVX, IAG, DDR, FCX, NTAP, CME, APA, PG, GE, EGO, NBL, AGI

Overnight the Bank of Japan release their ongoing monetary policy and confirmed continued quantitative easing.  Even though the S&P is at a critical resistance level, these stocks are poised for breakouts with strong algorithmic buy signals on all.

These have been added to the Subscriber Portfolio tracker.

Symbol: CVX (NYSE) – Chevron

Signal:  LONG – 2/18/2014

New LONG signal based on a profitable trading pattern going back to June 2013.  Median analyst target price on the stock is $129.  On January 31 the stock sold off on disappointing earnings based on low production, however the sell-off  seems to be overdone and continues to be accumulated by large funds.  The company should also get a boost from rising oil prices.

Supporting research:

Chevron Now Almost As Cheap As BP; Strong Buy

Chevron Unleashes Wall Street’s Inner Hamlet

Symbol: IAG (NYSE) – Iamgold Corp.

Signal:  LONG – 2/18/2014

LONG signal based on a profitable trading pattern going back to June 2013.  Median analyst target price on the stock is $4.78.  Unfortunately the company reported disappointing earnings the day after this signal, however we continue to maintain for 2 reasons:  1) The stock did not drop significantly considering the earnings report.  Bridgewater LLP has taken a new position in the company last quarter, so it may be protecting the $4 level.  2)  Gold appears to be bottoming and is poised for further gains.   The stock bounced off the 20DMA and is currently maintaining $4 on an overall market down-day.  Stop will be tightened once price makes a move up from our entry price.

Supporting research:

IamGold posts loss, forecasts lower capex for 2014

IAMGOLD: A Good Gamble If Gold Has Found A Bottom At $1,180?

AG Daily

 

Symbol: DDR (NYSE) – DDR Corp.

Signal:  LONG – 2/18/2014

LONG signal based on a profitable trading pattern going back to June 2013.  Median analyst target price on the stock is $18.83.  The company recently reported solid earnings on Feb 12, and the stock has broken through the 180DWMA.

Supporting research:

Mr. Market Is Starting To Spread The Love For This Small Cap REIT

[$$] Why Most REITs Are Fairly Valued

DDR Daily

 

 

Symbol: FXM (NYSE) – Freeport-McMoRan Copper & Gold Inc.

Signal:  LONG – 2/18/2014

LONG signal based on a profitable trading pattern going back to January 2013.  Median analyst target price on the stock is $39.75.  The company recently beat on earnings but missed on sales.  The stock is currently trading below the 180DWMA, however large funds are accumulating.

Supporting research:

After a Tough Year, why Freeport McMoRan Should Recover in 2014

This Massive Hedge Fund Company Is Investing in Gold

FCX Daily

Symbol: APA (NYSE) – Apache Corporation

Signal:  LONG – 2/18/2014

LONG signal based on a profitable trading pattern going back to June 2013.  Median analyst target price on the stock is $99.90.  Like Chevron, the company recently missed estimates due to low production.  The stock is currently trading below the 180DWMA, however analysts have recently upgraded the target price and large funds are accumulating.

Supporting research:

Apache Is Ideally Positioned to Capitalize on the U.S. Oil Boom

Storm The Castle: Apache Corporation (APA)

APA Daily

 

Symbol: PG (NYSE) – Procter & Gamble Co.

Signal:  LONG – 2/18/2014

LONG signal based on a profitable trading pattern going back to June 2013.  Median analyst target price on the stock is $87.84.  With a 3% dividend, the stock is poised as a defensive stock to benefit from any panic out of high flying growth stocks.

Supporting research:

Procter & Gamble: Buy The Dip?

Procter & Gamble: Price Has Bottomed Out

PG Daily

 

Symbol: GE (NYSE) – Procter & Gamble Co.

Signal:  LONG – 2/18/2014

LONG signal based on a profitable trading pattern going back to June 2013.  Median analyst target price on the stock is $87.84.  With a 3% dividend, the stock is poised as a defensive stock to benefit from any panic out of high flying growth stocks.

Supporting research:


The content contained in this blog represents the opinions of the authors who may or may not hold long or short positions in securities of various companies discussed in the blog based upon the authors' views. The commentary in this blog in no way constitutes a solicitation of business or investment advice. In fact, it should not be relied solely upon in making investment decisions, ever. It is intended for the entertainment of the reader, and the authors. In particular this blog is not directed for investment purposes at US Persons.
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