Seeking Alpha

ONeil Trader's  Instablog

ONeil Trader
284 Followers
6 Following
Send Message
I am looking for long investment ideas, and short ideas. I mainly look at growth stocks. Most of my investment and trading ideas come from IBD (Investors Business Daily), although I strive to be flexible in my views. Stocks of my interest must show substantial earnings and sales growth, it is... More
  • Amazon Remains In Buying Range 0 comments
    Jan 19, 2013 5:35 PM | about stocks: AMZN, WD, INVN

    The markets remain to behave in a positive manner, with S&P 500 reaching 5 year highs, and Russell 2000 clearing another all time high.

    Leading stocks are behaving like they should in such a market. Many of them are extended from their buy points, but some are still actionable, while some are just setting up.

    Amazon.com (AMZN) remains in buying range after breaking out from a cup-with-handle pattern on 7th January. It cleared the 263.21 buy point in above average volume and gone a bit higher. It is 3.4% above the buy point, which puts it in buying range.

    (click to enlarge)

    Walker & Dunlop (WD) marched higher this week, reaching new highs. The stock is up seven days in a row, and every day has come in above average volume, the institutions are clearly accumulating.

    (click to enlarge)

    Invensense (INVN) appears to be sketching a handle in its recent base.

    (click to enlarge)Source for charts: Stockcharts

    I have written about these stocks in my SA articles:

    3 Big Caps Trending Up

    Walker & Dunlop Offers Compelling Growth

    Value And Growth In Invensense

    Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in INVN over the next 72 hours.

    Stocks: AMZN, WD, INVN
Back To ONeil Trader'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

  • $QIHU doing great, new highs tdy http://goo.gl/GWhgj Up 40% in just over one month.
    5 days ago
  • $YNDX struggling to cross $28, the high from 2012. We could see the stock take off if it manages to break that level. I have a position.
    5 days ago
  • Superperformance stocks - mid-May update http://goo.gl/QMrRv $TSLA $DDD $SNTS $PRLB $SPY
    6 days ago
More »
Posts by Themes
earnings, long-ideas, market-outlook, portfolio-strategy-asset-allocation, quick-picks-lists, short-ideas
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.