Free stock pick for 12/10/2010

Free stock pick for 12/10/2010

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eBay Inc (EBAY)-long

Technical Analysis:

EBAY consolidate on 15 min time frame and breakup is in my focus. I’m interested for bounce back to previous high and target depends on volume and pace after setup.

Fundamental Analysis:

The price-to-sales multiple is significantly higher than the average for all stocks what is very positive for a medium- to large-sized company like EBAY. Two or more executives, board directors or major shareholders - including one high-level executive - sold a large number of shares recently (negative).

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Bgc Partners Incorporated (BGCP)- Short

Technical Analysis:

BGCP saw new high on yesterday breakup. Also volume is higher and I’m interested for long continuation. If wont be gap open then I will use 15 min consolidation for trading plan. In any other case I will use bigger stop for swing possibility.

Fundamental Analysis:

Shares are under heavy accumulation by financial institutions what is positive for small company like BGCP. The price-to-sales multiple is slightly lower than the average for all stocks (positive).

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Sonic Automotive Inc (SAH)-long

Technical Analysis:

SAH have room for upside continuation and Thursday higher volume suggest for that possibility. First resistance is weekly 200sma ($14 area) and I will use is to protect trade. Final target is for now $15 area and that will depends on upside action.

Fundamental Analysis:

Earnings growth in the past year has accelerated moderately compared to earnings growth in the past three years (positive). The most recent quarterly earnings report was approximately equal to or higher than analysts’ consensus forecast, but not to a degree that is predictive of future returns (neutral).

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Stryker Corp (SYK)-long

Technical Analysis:

SYK 15 min consolidation is my interest after Thursday bounce. SYK have room to continua long action until weekly 200sma and $55 resistance area what will be target area. Intraday consolidation used for trading plan.

Fundamental Analysis:

Earnings growth in the past year is holding steady compared to earnings growth in the past three years (neutral). One or more analysts have modestly increased quarterly earnings estimates for SYK (positive).

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Watch ideas:

Long ideas:

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For Ivica Juracich trading style explanation: click here

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 Juracich

XpertStockTrader.com