These are the stocks with buying opportunities for July 14, 2010:
Q – Qwest Communications International: Maybe a sympathy move because of Intel great earnings report. One of our systems has a 70% percent accuracy on predicting winning trades on this stock going back to 1990. We have the catalyst of IBM and a breakout above resistance. In addition, there is a nice cup and handle base too. Volume could be better though.
Q stock market chart for 7-14-2010 with cup and handle breakout pattern.
PRX – Par Pharmaceutical Companies Inc.: Another breakout above a congestion area that goes as far back as October of 2009.
PRX stock market chart for 7-14-2010.
ADBE – Adobe : The trend is your friend but not in the case of Adobe. We are going off the deep end with a bottom fish that we are trying to catch. We will use the Intel catalyst as a justification. We believe that Jim Cramer is correct on this one. The most important reason: We believe in our systems.A nice play if it gets back to the top of its downtrend channel.
ADBE Stock Market Chart for 7-14-2010
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I am a dad, professional engineer, MBA student, and a financial fanatic. I can help you make money in the stock market. I use Fibonacci techniques for retracements and targets, technical analysis, some little fundamental analysis, and automated systems trading. I also trade options. In addition, I use CANSLIM to get neat growth stock ideas. No fluff and no BS.
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