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Jeremy Frommer, CEO of Hedge Fund LIVE Jeremy Frommer has 20 years of industry experience and is currently responsible for general management and leadership of the General Partner. Previously, Mr. Frommer was a Managing Director and Head of the Global Prime Services Group (“GPS”) at RBC... More
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  • Stock to Watch this Week  0 comments
    Mar 29, 2011 8:46 AM | about stocks: CSCO, DFS, GME, HRB, IRM, LO, LUK, MO, MSI, NKE, PM, RAI, SJM, URBN

    HedgeFundLIVE -

    Overbought Names: Stock’s with RSI’s 70 or greater

    LO – 87.17

    IRM – 78.26

    HRB – 75.98

    PM – 75.09

    DFS – 71.59

    GME – 70.97

    LUK – 70.75

    ARG – 70.69

    MSI – 70.56

    WFMI – 70.42

    MO – 70.11

    SJM – 70.11

    RAI – 70.02

    - These names are now on my radar screen but I will not take action until I get confirmation that there is a good chance of a reversal.  Names can be overbought for a long time so I like to couple the RSI indicator with a MACD indicator.  Once I see a negative line cross on the MACD I will initiate a short position.  I will then wait for the name to take out a swing low on the daily and then short heavily against the recent highs.

    Oversold Names: Stock’s with RSI’s 30 or less

    URBN – 27.04

    NKE – 28.18

    CSCO – 28.82

    - Same goes for oversold names.  Oversold names can be oversold for a long time just ask anyone who has been trying to buy CSCO over the last month.  I will be looking for the inverse of overbought names.  I want to see a positive MACD cross to initiate the trade.  Once I see the trade start to work and we take out a swing high on the daily chart I will bid a pullback and use the low as a stop.

    Again, these names are just on my radar screen and I will be looking for confirmation before entering the trade.  For real time update’s on the possible trades listed above join our live broadcast by clicking on the link below.

    COME JOIN OUR LIVE BROADCAST MON-FRI 8AM – 5PM AT HEDGEFUNDLIVE.COM. PICK A CHANNEL AND GET CONNECTED. 
    Themes: SWING LOW, TRADE IDEAS, SWING HIGH Stocks: CSCO, DFS, GME, HRB, IRM, LO, LUK, MO, MSI, NKE, PM, RAI, SJM, URBN
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