Free stock pick for 12/13/2010
Companhia De Bebidas (ABV)-long
Technical Analysis:
MY attention is on weekly consolidation and 10sma support area bounce possibility. Book setup is above base and it is above $143.50-140, but IO will start to build swing trade above $142 what is middle of the range. Reason for that is 10sma weekly bounce possibility. If that wont happen and if ABV will break under weekly 10sma then will be canceled.
Fundamental Analysis:
The ratio of ABV's price-to-earnings multiple to its five-year growth rate is about the same or slightly above the average of all stocks (positive). Shares are being heavily sold by financial institutions (neutral) for large company like ABV.
Nu Skin Enterprises Inc (NUS)- Long
Technical Analysis:
NUS idea is similar as ABV idea. Weekly 10sma bounce is in focus plus NR7bar what suggest for possible action. Also we can see daily cup and handle what I will use for trading plan. Since I always try to find intraday setup for better reward I will start to build trade above $31.85, but also setup above $32.15 is regular too. Since focus is 10sma weekly bounce I will look for swing trade.
Fundamental Analysis:
Earnings growth in the past year has accelerated moderately compared to earnings growth in the past three years (positive). Two or more executives, board directors or major shareholders - including one high-level executive - sold a large number of shares recently (negative).
Washington Federal Inc (WFSL)-long
Technical Analysis:
If you been with us, in the trading room at Friday (also you got it on email), then you remember continuation pattern class. WFSL daily chart give us opportunity for Monday (not book one) and I will look for 30 min consolidation and CP setup. Usually Continuation pattern is day trade pattern and same will be with WFSL.
Fundamental Analysis:
Earnings growth in the past year has accelerated rapidly compared to earnings growth in the past three years (positive). Shares are under heavy accumulation by financial institutions, positive for large companies like WFSL. One or more analysts has modestly decreased quarterly earnings estimates for WFSL (negative).
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