Jeff Pierce's  Instablog

Jeff Pierce
Send Message
I’m a swing trader of momentum stocks with a holding period of anywhere from a few hours to a few months. I run a number of screens to locate the strongest/weakest stocks out there, using technical analysis to determine my entries and exits. Trying to calculate the intrinsic value of stocks in... More
My company:
All About Trends
My blog:
zentrader.ca
My book:
zentrader newsletter
  • Multiutilities At Channel Support 0 comments
    Aug 22, 2012 1:02 PM | about stocks: DUK, AEE

    Back in July I noticed the strength in this sector and thought it would be a buy on a decent pullback. I believe that pullback is here and a couple stocks I like in this sector are DUK and AEE. Watch the RSI 40 level to provide support. It could dip down a few points below 40, especially intraday, but this area provides a good reward/risk trade in a stable sector.

    With the markets screaming higher and the Dow touching the 2012 highs, a pullback could be in short order and these stocks below should also serve as defensive stocks and rise should the markets correct at all. As for now any correction should be bought in the general markets, as I don't see any reason to suspect this is going to turn into anything to nasty.

    (click to enlarge)

    (click to enlarge)

    (click to enlarge)

    Stocks: DUK, AEE
Back To Jeff Pierce'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.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


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.