Seeking Alpha

Stone Fox Capital's  Instablog

Stone Fox Capital
  • on Industrial Goods
  • on Utilities
1,124 Followers
24 Following
Send Message
Stone Fox Capital Advisors is a registered investment advisor founded in 2010. The firm offers portfolio management with a focus on opportunistic stocks providing secular growth trends at an affordable value. An emphasis is placed on fundamental analysis though charts are used for timing entry... More
My company:
Stone Fox Capital
My blog:
Out Fox The Street
  • Once SHLD Breaks $70 its off to $100 0 comments
    Aug 4, 2009 10:28 PM | about stocks: SHLD, DKS
    Sears Holdings (SHLD) looks poised to breakout. Once above $70, the next stop is likely $100. Now the market seems do for a pullback according to most analysts and media outlets, but not much of that happened when the market fell off the cliff last fall.

    Its currently solidly above the 20EMA which is above the 50EMA which is above the 200EMA. Its a beautiful chart once it breaks $70. Its also will have clear higher lows and higher highs at that point. Until something changes don't fight the trend.

    Also, ignore all the nonsense about SHLD as a company. They have a ton of assets not fairly valued in the current market. SHLD can easily surpass old highs.

    Dicks Sporting Goods (DKS) has a similar chart and setup. Any move above the current close at $20 solidifies a breakout that has some resistance around $24, but mostly opens up the stock to a move back to $30.

    Both moves net close to the same game so pick your stock. Most people favor DKS for its better run operation, but SHLD likely has more upside as the economy recovers.
    Stocks: SHLD, DKS
Back To Stone Fox Capital's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Full index of posts »
Latest Followers

StockTalks

  • Way too much talk about the Fed...the data will tell us. The Fed needs to taper anyway.
    about 15 hours ago
  • Don't see the Fed tapering all year though it would take a much improved economy.
    about 17 hours ago
  • This tax hearing on $AAPL is absurd. Good job Congress, everybody knows the laws are flawed.
    1 day ago
More »

Latest Comments


Most Commented
Posts by Themes
52 Week Highs, Abu Dhabi Airport, Air Lease IPO, Airlines, Airplane Leasing, Airplanes, airplanes, Analysts, Appalachia coal, ariplane leasing, Arne Alsin, Australia floods, Australian Mining, Australian Resource Tax, Banks, Bespoke Investment Group, Beverages, biotech, Biotech, Bovespa, Brazil, Brean Murray, Brian Wesbury, Brian Westbury, Buyback, Buybacks, Canada, Capital spending, CDN, celleluar, Ceridian-UCLA PCI, Chicago ISM, China, China coal, China Coal, China frauds, China Internet, China internet, China stocks, Clothing, Cloud computing, Cloud Computing, Coal, coal, Coal , Coking coal, Coking Coal, Colocation, Commercial vehicles, commodities,
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.