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freddysukamta
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Freddy is a college student, started his stock trading since 2008. He founded Protege Analytics, a blog which uses simple methods to find good stock and evaluate stock market. You can visit his blog Protege Analytics (http://www.protegeanalytics.com)
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Protege Analytics
  • Short and Longer Term Stock Picks For You 4-Mar-2011 0 comments
    Mar 4, 2011 1:56 PM | about stocks: MTOR, FOSL

    Hello trader the crude oil jumps to $103 a barrel today and makes the stock market to go down. Dow Jones, S & P 500 and Nasdaq are in red and there are just few good stocks in the market. I found one stock for a shorter term and one for a longer term investors. Let's see them.

    The first stock is Fossil Inc (FOSL).I have recommended this stock on August 30th, 2011 and the stock price has grown for over 70 percent since then. Now the stock price rebounds from its bullish price channel's support and goes up. The movement is supported by MACD (the fast line starts to cross above the slow line and the histogram also goes up) and slow stochastic which in its oversold area. The parabolic SAR also starts to appear below the candlestick so this is the right time to enter a position. I think the stock price would reach its resistance at around $90 (12.5 percent of return) in a shorter term.

    The second stock is Arvinmentor Inc (ARM) and I think it would reach our target price in a longer term. The stock price rebounds from its bullish price channel's support and goes up. Both of MACD and slow stochastic are in their oversold area and ready to rush. Since the bullish price channel pattern is quite wide, so I think it will need time for the price to reach the resistance (up to 3-5 months to get around 30 percent of profit).

    Goodluck!



    Source:
    Protege Analytics - Find Your Daily Stock Picks
     

    Stocks: MTOR, FOSL
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