Seeking Alpha

Giorgio's  Instablog

Giorgio
Send Message
Giorgio is a weekly stock picker who writes about the next weeks best stock picks during the weekend. Giorgio has an undergraduate degree in Economics & International Relations from Lake Forest College, and is currently enrolled at the University of Illinois at Chicago for an MBA.
View Giorgio's Instablogs on:
  • Lets Talk Charts 6
    Wow AAPL's Steve Job is going to take a leave of absence, and Citi Group Sells off....well, I'm tired of waiting for the weekend to find you guys chart opportunities, so I've decided I'll begin writing more frequently.


    So.....

    Lets Talk Charts

    Fastenal (NASDAQ:FAST)
    This Capital Goods company, is showing signs of breaking out on its closing price today.  The volume was heavy and the stock went 1.77% to the upside as it's profits soared 46% in 4Q.  With that bullish fundamental news couple with the fact that this equity has been trading FAST sideways for nearly two months, I think investors will share my opinion and buy this stock since it looks like it going to open higher Wednesday morning...if not BUY it now!!!

    Idexx Labs Inc (NASDAQ:IDXX)
    The health care supplier has shown a nice pull back to 68 from its recent high at 72.  I'm not implying that we missed a nice entry at 68 because I always wait for a stock to bottom before I buy it and hope it rides higher.  This stock has had very little news lately so investors are forced to trade it technically over fundamentals.  From a chart perspective, the volume was quite high today, and I think it's going at least to the breakout at 72
    Interline Brands INC (NYSE:IBI)
    This capital good company except that S&P reiterated its buy rating on IBI on Jan-4th (which is practically ancient now...).  So again just as we looked at IDXX, we put an emphasis on the chart.  The chart is showing the highest volume of stock ever traded today relative to the past 3months.  The last time volume traded this high to the upside the stock broke out and rode from 20 range to 22.50 range.  I think this stock has been bubbling side ways for enough weeks now to go higher!
    InGram Micro (NYSE:IM)
    This computer hardware company is set to show its highest earnings on Feb 11th relative to the past two years.  But Feb-11 is a far time away, the chart is showing us IM has a support line as hard as concrete and the volume is commanding the stock to keep going higher!..needless to say...it's a BUY!
    Techne Corp (NASDAQ:TECH)
    This biotech drug comany may be getting a bit rich at a 22 PE but just look at that pull back with volume sending it almost back up to the breakout, 68 is resistance, if it blows through that then 69 is probably in the bag!




     





     
    Jan 18 9:10 PM | Link | Comment!
  • Lets Talk Charts 5
    Hello Everyone
    I'm officially back from a long vacation in Europe and...now I'm ready to help you find technical opportunities in the market.

    So....


    Lets Talk Charts!!!

    Canon (NYSE:CAJ
    Canon has a couple of things going for it right now.  First; Canon is a Japanese company and its stock gets great tail winds from the overall Nikkei Index which seems to be break out every week.   Second: CAJ got upgraded to overweight from Neutral by JP Morgan on Friday after which Canon rose 1.06% to close on heavy buy side volume.  Just look at what happens to this stock every time massive green volume bars flood the stock...it goes up!  
    Support: 50.50
    Resistance: 52.50
    Kyocera Corp (NYSE:KYO)
    Another Japanese stock, Kyocera is a diversified electronics company.  The company just got initiated by Credit Suisse with an outperform rating on Thursday-13th.  As pointed out in chart large volume has come in to the upside on numerous occasions however, Kyocera has seized to breakout....I think the breakout action we've seen in the Nikkei coupled with an upgrade may be just enough to push KYO over 105.50
    Support Levels: 100, 102.5
    Resistance: 105.00



    City National Corp (NYSE:CYN)
    Believe it or not this regional bank from California has been making money.  What I like is that the volume on this chart relative to the others is the largest.  CYN is setting up in a CLASSIC base to breakout formation.  First the stock goes up to a new plateau then trends sideways for weeks, then a flood of volume comes in and sends it higher...this is exactly what I think we're seeing in CYN, buy it now, it's going HIGHER!
    Support: 61.00
    Resistance: 62.00


    Portland General Electric Comany (NYSE:POR)
    This electric utilities company is technically in a strong uptrend which I think will continue because the volume traded on Friday seems to demand so.  Also, since POR has been out of the news for about a month, investors have been forced to play this stock more techincally than fundamentally, so if we look only at the technicals this stock looks like its going higher.....about $1.5 higher -or- 6.8% 
    Wisdom Tree India Earnings Fund (NYSEARCA:EPI)
    I saved the best (or worst) for last.  Usually seeing a chart like this, I would say EPI is a perfect short because it just broke support and it sold off Friday on above average sell volume.  However, India is a growing economy and although people have been afraid of inflation in Asia, I think this is a perfect opportunity to buy a when everyone is fearful.  Lets face it EPI is oversold, and it's worth taking a risk when the RSI is at 36 and slow stochastics indicate the ETF being way oversold. Sure EPI may go down one more day, but as a weekly play I think this ETF will close the week higher next week.












     








     


    Disclosure: I am long CAJ, KYO.

    Additional disclosure: I may open a long position in CYN, POR, and EPI in the next 72 hours
    Tags: CAJ, KYO, CYN, POR, EPI, Japan, Asia, India
    Jan 15 11:17 PM | Link | Comment!
  • Lets Talk Charts
    Hello Everyone
    Here are my weekly trading results from last week.  The avg price assumes someone got into my stock pics at the closing price on 12/3 and sold at the close of 12/10

     
    We are up 3.1% on a cumulative basis this year

    Now lets talk chart
    *NOTE: I will be gone in Europe until January 7th, thus I will not be posting "LET TALK CHARTS" for a while but just remember that I will be back to write numerous strong article and hopefully outperform the market on a weekly basis by a considerable measure.  

    Sorry this has to be a fast "Lets Talk Charts"
    1. GRM
    2. LPNT
    3. RRRR
    4. EPI

    5. DIS



    Dec 13 2:08 AM | Link | Comment!
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Most Commented
  1. Lets talk charts 3 (1 Comment)
Posts by Themes
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.