Free stock picks for 11/17/201
LONG:
IPHS Fundamental Shares are under heavy accumulation by financial institutions. Positive for a small company like IPHS. The most recent quarterly earnings report was slightly lower than analysts’ consensus forecast. Technical IPHS consolidate under 20sma resistance area with tendency for breakup. That is scenario what I will look for. In that case I will look for filling gap and double top action.
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FINL Fundamental Earnings growth in the past year has accelerated moderately compared to earnings growth in the past three years. The price-to-earnings multiple is lower than average for all stocks. The most recent quarterly earnings report was significantly lower than analysts' consensus forecast. Technical We had FINL from Monday and right now FINL forming intraday consolidation (triangle pattern) and with daily/weekly chart we can expect for swing upside move to $18-$20 target area. We can use intraday pattern for day trade what can turn in to swing/position trade what can increase risk/reward.
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CREE Fundamental Earnings growth in the past year has accelerated moderately compared to earnings growth in the past three years. The price-to-sales multiple is significantly higher than the average. Very positive for a medium- to large-sized company like CREE. Technical I like CREE weekly and monthly action what suggest for long bias. On the daily time frame we can see that CREE is stronger then market at this moment what again suggest for “own way” action. Because of that I will look for swing possibility above previous daily high and that is above $56.
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Watch ideas:
Long ideas:
Short ideas:
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TRADING THE OPEN
During normal market conditions our regular setups generally do very well regardless what time they are taken. Trading right at the open always adds risk. During this low volume choppy market of the summer this risk is more pronounced. It is recommended that new trades not be taken for the first 5 minutes the market is open. I will treat each new trade that sets up during this time as a gap trade and wait till the stock comes back and takes out its 10 minute high or low.
Trading is risky. It is our job as traders to reduce this risk and increase our chances of success.
IMPORTANT: Take only the opportunities that you really like and understand. Always enter a trade with a trading plan. If you have any questions, please feel free to ask me. There is a much greater chance of success in your trading if you understand the trade. That is very important. Taking just a few trades is enough to be a successful trader. Overtrading is probably the number one reason new traders fail. I personally mostly take swing trades. Please remember to keep that in mind!!!!!!!!!!!!!!!
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If you have any questions, please feel free to contact me.
Good luck trading today!!!!
Ivica Juracic
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