We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.
Today he is going to take a look at the technical picture of the SPDR S&P 500 (SPY).
I hope you are having a GREAT week !
The all time high for the SPY is 157.52.The current rally high was made on 02/19/13 and was 153.27. Continue reading "Chart to Watch - SPY"
We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.
Today he is going to take a look at the technical picture of Valeant Pharmaceuticals International, Inc. (VRX).
I hope you are having a GREAT week !
VRX is on a monthly green MarketClub Trade Triangle and has been an extremely strong stock which suggests there is a good chance this stock will continue higher in the long run.
No matter how strong a stock is there will always be counter trend corrections along the way to higher prices and VRX has started a counter trend correction as shown by the weekly red MarketClub Trade Triangle. Continue reading "Chart to Watch - VRX"
Listening to analysts' stock ratings can be a tricky thing. After all, there are always many different opinions floating around, and some analysts change their rating in the blink of an eye.
Listening to the market however, is the only way to make a non-emotional and educated decision.
SkyWest Inc.(SKYW), traded on the NASDAQ, has had a shaky year. Analysts seem to flipflop their outlook for this airline stock. On September 12th, a Dahlman Rose analyst sent a note to investors upgrading shares from a sell to a hold rating. Two days later, Continue reading "SkyWest Takes Off"
Start your MarketClub $8.95, 30 day trial and backtest any US or Canadian stock symbol.
On Tuesday, a Raymond James analysis upgraded TRN, traded on the New York Stock Exchange, to a "strong-buy" rating. Trinity industries, an industrial manufacturer, claims an 80% jump in the second quarter for their rail car business. Continue reading "Will Trinity Industries pass the MarketClub test?"
Start your MarketClub $8.95, 30 day trial and backtest any US or Canadian stock symbol.
Yes Hewlett-Packard, "Breaking Up Is Hard To Do." But, UBS analyst Steven Milunovich thinks it may be your only hope to get stock prices back up.
With a 44.8 percent loss for the year, NYSE:HPQ is struggling with management and failing division of their company.
The company's current position is maintaining "One HP", with the belief that the company is stronger together, rather than apart. Whether "prompted by activists or private equity", HP may need to reconsider that stance, according to UBS.
Milunovich explained that some parts of the business are dragging down the better ones. So by cutting those anchor ties, the company's stock may still be able to float. Milunovich estimated the value of the company's parts could be over $20 a share, versus the current $14.27.
Regardless if Hewlett-Packard decides to break up and sell off failing entities, MarketClub members aren't too worried. After all, they are sitting on a nice profit year-to-date using the Trade Triangle technology.
The short video above will demonstrate that with a $10K investment in HPQ share, MarketClub members walked away with an additional $4,464.62 in their pockets. Watch this video above.
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