If you're looking for the most accurate way to predict the direction a stock or the market is headed, technical analysis is it.
Of course, no chart pattern is accurate all of the time (which is why technical analysis is more of an art than a science), but it's the closest you're going to get to a sure thing in the stock market.
So I'm offering up six technical trades today. Each of these stocks' charts are giving off extremely bullish signals and look ready to run higher.
Here are six stocks to buy now.
Click on each to learn more.
Stock #1: Diamond Offshore Drilling (NYSE: DO)
Stock #2: Family Dollar Stores (NYSE: FDO)
Stock #3: Teva Pharmaceutical (NASDAQ: TEVA)
Stock #4: United Technologies (NYSE: UTX)
Stock #5: Vanguard FTSE All-World ex-US ETF (NYSE: VEU)
Stock #6: Honeywell International (NYSE: HON)
Closing Bell: When We All Love the PIIGS (NBG, SQNM, PG, ERTS, KO)
Serious Money: Cheapest Stocks List Shrinks from 26 to 21
Chasing Value: Hasbro Earnings Makes My Point
Reader Comments (Page 1 of 1)
9-06-2009 @ 11:43PM
mdabat said...
Thank you for the picks. However I would like to know the "Bullish Signals" you were talking about. According to my own Technical Analysis of the markets, we are currently in a Bearish Wedge formation and there is a high possibility of the market significantly falling in value (that does not mean that we will fall by tomorrow, but really soon).
From the picks you have posted, I feel that the best one technically is DO. However FDO should not be considered bullish at all, the stock formed what is known as an "island top" and we would be better served to wait and see what happens.