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Giorgio is a weekly stock picker who writes about the next weeks best stock picks during the weekend. Giorgio has an undergraduate degree in Economics & International Relations from Lake Forest College, and is currently enrolled at the University of Illinois at Chicago for an MBA.
  • Lets Talk Charts 0 comments
    Nov 19, 2010 8:11 PM | about stocks: CAH, FL, CLR, ANN, NUE

    Cardinal Health (NYSE:CAH):

    This stock made a great base for two months from September through October then broke out on big volume solidifying that the stock was for sure going higher in the futre…guess what….it did!  Now the stock has broken out again on good volume coupled with an upgrade from Deutsche Bank yesterday.  Support seems to be at 35.5…this stock is going higher!

    Foot Locker (NYSE:FL):

    Foot Locker just beat analyst expectations by 98%.  Foot Locker reported .33 earnings beating estimates of .166 by .164!  Let me repeat that, Foot Locker beat analyst estimates by 98%.  The breakout on Foot Locker today is powerful and the volume commands the stock to go higher!


    Continental Resources Inc (NYSE:CLR):

    Continental Resources has had a rough 2 past months.  The stock made a double top and the company missed on revenues on its earnings date on November 3rd.  Although Continental Resources missed on revenues, investors decided that a 20%+ increase in revenue year-over-year was enough to win their hearts and send the stock higher. 

    Ann Taylor (NYSE:ANN):

    Ann Taylor beat analyst estimates by nearly 24%.  The stock just broke out 4.73%, investors seem hungry to jump on this upward trend (just look at that volume!).  If Black Friday sales are good, I would be long this stock (along with Foot Locker).  Retail seems to be exploding this season…

    Nucor Corp (NYSE:NUE):

    This chart is an easy one; we have support at 37.60 with resistance at 40.40. If anyone is moderately bullish you could take a stab a bounce of NUE with a stop at 35.70, but don’t be scared if the stock sells off hard near the support line, it seems to always do that yet rally in the following days.



    Disclosure: none
    Stocks: CAH, FL, CLR, ANN, NUE
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