Is August Too Quiet For You? Try These 5 Movers
Comverse Technology
(
CMVT |
Quote |
Chart |
News |
PowerRating) 26.04
It’s a good stock getting good money flow. That is the gist of it relative to
CMVT. The
long-term price pattern suggests a rise to 50. It sits at half that right now.
So live with it during the season of overall weakness, overlooking that reality
unless of course the stock violates key inflection points. The chart tells of an
advance that may get serious. That is the only reason to get involved. The
current tale of the tape suggests higher price points. Place the stop at 24.45.
ON Semiconductor
(
ONNN |
Quote |
Chart |
News |
PowerRating) 5.50
This is a good small cap in a leading group. It is a decent
trading vehicle. It is advancing after building a base that followed a brutal
decline. It is now advancing. It is better to have at it at around 5. Stick a
small toe in right now. Buy more back into the 5 zone. Buy it aggressively,
climbing above recent highs made. That is 6 bucks. That is the real breakout
point as it tries to best the 52-week high at 9-and-change. It trades at 5.50
right now. A rise to 9 in the next 6 months provides a solid gain. That is the
reward on the horizon. The risk is low. Use the 50-day line to protect.
SCP POOL
(
POOL |
Quote |
Chart |
News |
PowerRating) 35.98
POOL is a good solid stock that I have been involved in for
quite a time. It is solid. It is up 12.7% this year and over 32% in the last
year and it trades well. It is not an investment to make a quick buck. No need
to scalp here. Just get involved and build over time. That is how to treat this
instrument. Check out the daily and weekly chart and see the consistent upside
reflection of the price pattern. Stock trades near 5-year highs. It is a winner.
Let the tape tell the tale and flow with it. Use key inflection points to stop
the loss if the stock takes a negative turn.
St. Jude Medical
(
STJ |
Quote |
Chart |
News |
PowerRating) 45.67
This is a favorite right now. I own it because it is in a solid advance and it
just came in a tad, so adding to the position is intelligent. It is prudent to
add to fundamentally and technically healthy stocks after they come in to
satisfy an overbought condition. The stock broke out the other day, extending
its advance. It came in classically. It could be had around 45. That is the zone
to get on board. The stock leads the overall market. It is stronger than the SPX
when you smooth it out over the long term. The action over the last 200 days
tells an impressive story. Place the stop under that line to protect.
American Power Conversion
(
APCC |
Quote |
Chart |
News |
PowerRating) 26.70
It’s better under 26 a share. It may not get there. So, in that case you might pick up the
shares right in here. Then perhaps buy more if it comes in. The stock is in good shape
technically. I put on a new position today. It is the only new position I put on
today. So potentially pick up the shares and place the stop at 23.99.
Jack Rothstein is the President of Rothstein Investment
Advisory Services, Inc. and is a 20-year veteran stock trader and a money
manager.
Mr. Rothstein also writes Wealthcast, a monthly newsletter about the technical
behavior of the markets. He has been quoted on Bloomberg, CNNFn, the Dick Davis
Digest and the Dow Jones Newswire. Since 1993, Mr. Rothstein also hosted
WealthCast, a radio show in the Washington DC area covering the stock market.