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Charlie Anderson
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I am currently a student. I use a mix of technical and fundamental analysis to arrive at investing prospects and then do in-depth analysis.
  • Weekly Outlook, 4-30 0 comments
    Apr 30, 2011 3:10 PM | about stocks: NRG, NCI, AZN, LLY, GES, TRLG, BAC
    My portfolio had a great week as the market broke to fresh highs through a small reverse head-and-shoulders pattern with a neckline at 1340. (Thanks to Jason for noticing this). True Religion has only made me angry that I didn't buy it with actual money, because it's been a big winner: up 50% since I bought it a few months ago. Guess also had a good week, bouncing off of support and up around 6% since I bought a few weeks ago. Astrazeneca and Eli Lilly have also done okay, although I now realize their growth prospects aren't as good as I once thought. I'm holding on to both for the yield at least until I can read the annual reports and get a real idea of what's happening at both companies. Meanwhile, both are above my purchase price. NRG Energy had a great week, and is at 2011 highs. Bank of America is grinding out support at $12.25, and the selling pressure is evaporating. I expect a strong bounce next week. Volatility is at the lowest level since 2007, and the dollar is pushing new lows. I'm watching all of this, and my bullishness is unabated. Although Navigant Consulting has had a huge jump in the last week, up around 20% (right after I sold), I stand by my sale. Fundamentals were weaker than I had initially thought, and the turnaround was going very slowly. Happy Investing!
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