Question-and-Answer SessionOperator Operator Instructions Your first question comes from Gary Liebowitz, with Wells Fargo Securities. Gary Liebowitz - Wells Fargo Securities Good morning Jerry. Joel, I think I missed it on the first call I think you said there’s a $30 million range for embedded in the body...
Around Labor Day, I noted that the relationship between near-term and future natural gas prices was off the chart, literally. Here is the chart I shared in that article suggesting caution on Gas E&P companies:[More...]
Chart courtesy of www.stockcharts.com ( click to enlarge )
Texas Instruments (TXN) caught my attention today. The signal to buy was given today when the previous day high at $20.50 was taken out. The stock has been trading in a nice uptrend since the lows at 13.61 were placed in February. Daily technical ...
Chart courtesy of www.stockcharts.com ( click to enlarge )
TXN caught my attention today. The signal to buy was given today when the previous day high at $20.50 was taken out. The stock has been trading in a nice uptrend since the lows at 13.61 were placed in February. Daily technical indicators remain positive for now with MACD above the sell line and the RSI above 50. The stock needs to stay above 20.50 to keep the medium-term outlook positive. Hold the stock with a stop at this level. Breakout above 21.27 will take the price to 24.
Chart courtesy of www.stockcharts.com ( click to enlarge )
CRDN - Looking at the technical daily chart, the shares of CRDN plummeted more than 13% on Tuesday and have fallen back into a former trading range between 21.30 and 17.60. The equity has also dipped back below support at its 10-day and 20-day moving averages. The near-term trend does not appear bullish, therefore there is no reason to invest in this stock now. Fresh exposures may be considered once the stock stabilises and gets into an upward trending mode.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
Today there were a couple of posts about how tech stocks are currently especially attractive because they hold plenty of cash and tend to have little debt. Paul Kedrosky initially caught my eye with his post "Tech Cash is King" which in turn pointed me to a story on Bloomberg by Eric Martin. I ran a screen tonight that looked at both cash and debt. Specifically, I screened for a Price-to-Cash ratio under three, a Debt-to-Equity ratio under three and a Market Cap greater than $2.5 million. Based on these criteria, I obtained a list of 136 stocks. Judging from our list, it is absolutely true that many tech stocks do seem to have lots of cash and little debt. What also became apparent as I went through the list is that there[More...]
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