WWW - Posts tagged Bear hug at BloggingStocks

bear hug posts

Suntech Power: Downgraded to Hold

Posted Oct 27th 2009 3:00PM by Joseph Lazzaro (RSS feed)
Filed under: Suntech Power Hldgs ADS (STP)

Suntech Power Holdings' (NYSE: STP) stock has 'totally misbehaved,' from a technical standpoint, since first recommended on July 28, 2009 at a price of $19.24. Hence, I'm putting a Hold on the shares.

Back in July, the calculation was that Suntech would benefit from China's solar subsidy program, as well as from U.S. government initiatives to invest in renewable energy. Further, reduced selling prices moving forward were expected to increase demand for Suntech's products. The First Call FY2009/FY2010 EPS estimates for STP are 21 cents to 57 cents.

Continue reading Suntech Power: Downgraded to Hold

Supervalu: Closing position, due to bear hug chart

Posted Aug 18th 2009 5:50PM by Joseph Lazzaro (RSS feed)

I'm closing my recommended Buy position with Supervalu (NYSE: SVU), first recommended on April 22, 2009 at a price of $14.98.

Grocer/food distributor Supervalu's shares have drifted lower over the past six months, and traded below its 50-day moving average for more than a month twice -- a bearish sign.

Continue reading Supervalu: Closing position, due to bear hug chart