Entering text into the input field will update the search result below

Lets Talk Charts 6

Jan. 18, 2011 9:10 PM ETFAST, IDXX, IBI, IM, TECH
Giorgio profile picture
Giorgio's Blog
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

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.


Lets Talk Charts

Fastenal (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 (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 (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 (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 (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!



Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.