FREDAlert!
Volume 2, Issue 5
April 5, 2010
Downlaod PDF Version here
We are going to add the following three stocks to our
list as of today’s close: HAL, RRGB, and MOS. See below for parameters. Our
reasoning is this:
-
The market looks
strong intermediate term and two stocks have already pulled back to good
buy points – even if we do get a sharp drop, these stocks may have already
corrected. These stocks are MOS and RRGB. -
Oil is looking
better and better. HAL is
attractive at these levels. Indeed, it was more attractive a few days ago!
While we cannot add to the list slowly, we advise
adding these slowly, over the week, with the idea of getting our positions
either on a correction or on a move through 70 on the IWM. Note we are using a
pretty broad stop on RRGB so add a commensurate position size. We continue to
trade close to that area and we expect to either correct or break through very
soon.
-
HAL: First
target is 33.60 then 37.10: STOP 27.30 -
RRGB: First
target is 26.20, then 29.30. STOP 21.50 -
MOS: First
target is 62 then 67. STOP: 52