United Therapeutics Corp (UTHR)
The share has been in a strong up trend. There was a trading range breakout yesterday signalling a long trade setup. Stops below the support level of $90.80.
AOL Inc (AOL)
Strong up trend with the formation of a bullish flag. I will be watching for a more decisive breakout from the upper trend-line of the flag before committing. Stops below the pivot low of $44.00.
This chart was highlighted last week after the initial resistance breakout. There has been a steady retracement to the resistance /support area. The $1040 price level offers an area to go long.
Nu Skin Enterprises (NUS)
Similar to the Google chart above there was a resistance breakout last week with a subsequent retracement to this resistance level. Watch for a buying opportunity at $122.00
Ingersoll-Rand Plc is a diversified, global company that provides products, services and solutions to enhance the quality and comfort of air in homes and buildings, transport and protect food and perishables, secure homes and commercial properties.
The share price has been in an up trend for the past five months. It has consolidated over the past four weeks with a bullish breakout event yesterday. I will be watching for an opportunity to go long provided the share can open above the resistance level of $69.00 today. The support level sits at $66.50.
Google, Inc. focuses on improving the ways people connect with information. It provides variety of services and tools for advertisers of all sizes, from simple text ads to display and mobile advertising and to publishers, whether small or large.
The share price had a huge bullish breakout on October 18th on positive fundamental news. It has since consolidated and formed an ascending triangle from which there was a small breakout candle yesterday. Traders can look to go long with the 20 day moving average acting as dynamic support and an appropriate place for a stop loss.
Hasbro, Inc. provides children and family leisure time products and services with a portfolio of brands and entertainment properties.
The share managed to breakout from a symmetrical triangle formation yesterday. Traders can watch the opening today above $53.00 to trigger a long position.
Bristol-Myers Squibb Co. (BMY)
Bristol-Myers Squibb Co. is engaged in the discovery, development, licensing, manufacturing, marketing, distribution and sale of biopharmaceutical products. Its pharmaceutical products include chemically-synthesized drugs, or small molecules, and an increasing portion of products produced from biological processes called biologics. Bristol-Myers Squibb was founded in August 1933 and is headquartered in New York, NY.
The chart below shows a strong up trend with a bullish candle breakout from the triangle formation on Friday. Traders can look to enter at the breakout point of $53.00 with a stop loss placed below the triangle lows as I have indicated by the red horizontal line.
Huntington Bancshares (HBAN)
Huntington Bancshares, Inc. is a multi-state diversified regional bank holding company. The chart below shows the trading range breakout which occurred on Friday. Traders can take the opportunity to go long if the breakout is confirmed on Monday trading with a close above the resistance level of $9.10.
Jarden Corp (JAH)
Jarden Corp. is a consumer products company. It operates through four business segments: Outdoor Solutions, Consumer Solutions, Branded Consumables and Process Solutions. The share chart shows a strong uptrend with the recent formation of a symmetrical triangle. Friday saw a bullish breakout from the upper trend line. Stops below $54.00 would be appropriate.
Bank Of Queensland (BOQ)
Today saw a bullish breakout candle from the resistance price level of $12.36. The share price has been in a strong up trend for the past five months. Today’s breakout is likely to lead to further price increases and a continuation of the up trend. An appropriate stop loss would be under the support level of $11.60.
Ardent Leisure (AAD)
Ardent Leisure has been in a steady up trend making a series of higher highs and higher lows. A breakout from the resistance level of $2.06 will be needed to trigger a Buy (Long) position.
Lend Lease (LLC)
Lend Lease is another share on the Australian Stockmarket experiencing a strong up trend. The share price has consolidated over the past few weeks to form a bullish flag formation. In order for a Buy position to be triggered the share will need to breakout and close above the top of the flag pattern. If this eventuates then a stop loss can be placed below the low of the flag and the up sloping trend-line.
The following three Australian listed stocks will be on my trading radar screen for the week ahead.
Rio Tinto (RIO)
Rio is in a medium term up trend with short term resistance at $64.60. In order for a buy (long) position to be taken this resistance level needs to be penetrated. Traders can watch this share and take advantage of such a scenario if it occurs. The next level of resistance does not come in until $72.00 based on the February high as shown on the chart below.
BT Investments (BTT)
The three month chart below shows a very strong up-trend. Today the share managed to breakout through the most recent high of $5.03 to extend the up-trend. This is a trading signal to go long (buy).
For this setup I will look to place a limit order at $5.05 with a stop loss level below the most recent support level ( red line) of $4.79.
JB Hi-Fi (JBH)
After a strong run up JB Hi-Fi has traded sideways in a congestion pattern for the past 4 weeks. From a traders perspective we are waiting for a breakout and close of the $21.80 resistance level in order to initiate a potential long position. Current support is at the price level of $20.30 which if penetrated to the downside will signal the end of the up-trend and a potential change in direction for this share.