sam collins posts
FeedPosted Nov 8th 2009 11:00AM by Sam Collins (RSS feed)
Filed under: Stocks to Buy, Best Stocks for 2009
Rambus Inc. (RMBS) designs, develops, and licenses chip interface technologies and architectures that are used in digital electronics products.
The microchip sector has been lagging lately but appears to be gaining investor attention.
RMBS is selling very close to a major support line and recently triggered a buy from our in-house indicator, the Collins-Bollinger Reversal (CBR). Note the oversold stochastic.
Continue reading Trade #5: Rambus (RMBS)
Posted Nov 7th 2009 4:00PM by Sam Collins (RSS feed)
Filed under: Stocks to Buy, Best Stocks for 2009
After seven months of one of the strongest rallies in history, the stock market is showing signs of faltering. From here on out through the rest of 2009, I believe the advance will shift gears, and instead of recording new highs every month, the trend will tend to flatten.
And as we head into the heart of the fourth quarter, I wouldn't bet on the market making many more new highs this year.
Continue reading Six top trades for the rest of 2009
Posted Oct 11th 2009 12:00PM by Sam Collins (RSS feed)
Filed under: Technical Analysis, S and P 500, Stocks to Buy
Dollar Tree (NASDAQ: DLTR) has more than 3,500 stores that sell its inventory of toys, durable housewares, candy, seasonal goods, and so on for a $1. Its other stores, operating as Deal$, sell most of its inventory at $5 or less.
This deep-discount retailer is generally considered to be the leader of its class and is rated a "buy" (four stars) by S&P with a target of $59.
The stock executed a major long-term bullish breakout at around $45. Technically this breakout is major and targets the stock at over $65.
Continue reading Technical trade #6: Dollar Tree (DLTR)
Posted Oct 11th 2009 9:00AM by Sam Collins (RSS feed)
Filed under: Technical Analysis, Stocks to Buy
Avnet Inc. (NYSE: AVT) is one of the largest distributors of semiconductors and computer-related products in the world.
After falling from more than $40 in 2007, its common stock bottomed in October 2008, well before the bear market low in March. Since then, it has been trading in a bull channel with a top around $29 and low at $23.
The long-term trend of this favored blue chip is up, but recent profit-taking has driven it below $25 and could even result in a test of the support line at $23. S&P rates this stock as a strong buy (five stars) with a price objective of $33. From a technical standpoint, the chart's objective is also $33.
Continue reading Technical trade #3: Avnet Inc. (AVT)
Posted Oct 10th 2009 1:00PM by Sam Collins (RSS feed)
Filed under: AT and T (T), Technical Analysis, Stocks to Buy
AT&T (NYSE: T) fell from a high of almost $43 to less than $22 in a little over a year. T formed a long-term bottom, finally breaking out at $27 after executing a gold cross (confirmation of a long-term bull market).
But profit-taking in the past two weeks has caused a retrenchment back to support at $26.50.
The stock could pull back more, but its high quality and visibility make this the bluest of blue chip stocks, with a dividend yield of more than 6% and a strong buy recommendation by S&P (five stars).
Continue reading Technical trade #2: AT&T (T)
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