This stock has been in a narrow trading range for about three months now. The price action is showing signs of a potential break out but we have to be patient. Our goal is to wait for a green candle before we buy it and take a ride. Once you have bought the stock, it’s important for you […]
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Equity Oracle: 06/13/14
I like trading the cheap stocks when the market is in an overextended condition. Should the markets go through a corrective move to the downside, like I expect it will, the cheaper stocks tend to hold well in the storm. Last year when we traded this stock we had a good return and I’m expecting the same to happen […]
Equity Oracle: 06/05/14
It’s been a couple of years since we last traded AT&T but today we are seeing a sign that tells us we should get back into this position. As you can see from the chart, above, the stock is showing a candle pattern today. On top of that, the stock is trading just above the 200-day moving average […]
Equity Oracle: 05/29/14
It’s been a long time since we last traded JC Penny (JCP) but it’s one I never took off of my watch list. One of the most important reasons for having a watch list is because stocks tend to cycle. If you have a list of stocks that you are familiar with, eventually those stocks will give off […]
Equity Oracle: 05/21/14
We’ve successfully traded Highpower International, Inc. (Ticker: HPJ) in the past and had great results. Once again the stock is giving us a buy signal as it bounces off the 200-day moving average. The secondary confirmation that shows us the buyers are coming in is through the strong green candle as it moves up and away from a well-established […]