Monday, May 21, 2007

8 Performing Stocks

There has been plenty of positive movement in my newsletter picks - although many have gone straight up with little in the way of a pause for breath. For those looking for a recent sample of newsletter stock picks can get them here.

NTELOS Holdings (NTLS) has been riding the gains from its May 2nd earnings. The MACD bearish divergence was blown out of the water on the news, supported by solid accumulation as measured by on-balance-volume. The stock featured for newsletter subscribers in January and April, before the stock launched to current levels. A trailing stop can be placed on a break of the lows of the May trend. The 0.70% yield provides a loose change bonus.


Partner Communications (PTNR) has moved in well defined steps. The most recent surge was backed by Q1 earnings. There are some concerns with falling volume on higher prices, but stop placement is relatively easy here with a solid bull trend to back the rally. The stock featured for newsletter subscribers back in February. The 11.7% yield is optimistic, although the last 4 quarterly dividend payments were $0.30, $0.10, $0.10, and $0.09.


Raven Industries (RAVN) got a great boost off earnings, but the stock is a long way from support so some consolidation can be expected. The 1.4% yield is a handy bonus.


The J.M. Smucker Company (SJM) has been a great consumer staple stock with a healthy 2.20% yield. The 20-day MA is a good place to run a trailing stop as the stock is looking a litte rich from its prior $46-49 base. The stock was a subscriber pick in February and has offered a couple of opportunities to add to an existing position. Volume has worryingly declined on each new high - to the extent the on-balance-volume trend has flattened.


Uniao de Bancos Brasileiros S.A. (UBB) has been a great vehicle for some Brazilian exposure. The provided a picture perfect head-and-shoulder reversal buy back in March, when it first featured to my subscribers. It then made a mini-breakout prior to breaking $97.50. Monday's doji has the look of a bearish shooting star and a pullback fo $107 and/or 20-day MA would be the best place to look to buy or add. The 1.20% yield is a modest bonus.


Carl Icahn recently disclosed a 29% stake in American Railcar Industries (ARII) which helped tack on another 4% to the stock price. The accumulation which first featured in February reappeared in May when it breached $34.32 resistance on volume - enough to qualify it as a newsletter pick. At this point I would like to see it ease back to $37-38 with the 20-day MA a potential good place to buy or add. The 0.30% yield is not something to get excited about.


Lincoln Electric Holdings (LECO) nicked a break of $68.77 resistance on rather tepid volume (although the net accumulation trend as measured by on-balance-volume has been good). This followed a big gain and upgrade on earnings when it featured for newsletter subscribers. The company also declared a dividend payment of $0.22 a share, part of a 1.3% yield.


The final stock, Mad Catz Interactive (MCZ) was a more speculative newsletter pick and Monday's big gains does not look to be tied to any news release (pump-and-dump?). Maybe Monday's gains is related to its License agreement with the NFL and earlier Halo deal when it made it as a newsletter pick? Technicals are nicely placed for further gains even if it is a little rich after Monday's 29% gain.




 
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