Barron’s Watchlist- Sat, Mar. 2nd, 2013
I’ve decided to create a new section to the blog, a watchlist consisting of stocks written about in Barron’s. The weekly magazine does give good insight into potential trades, moreso than most mass media publications, but the focus is primarily on the fundamental side. As a result, I’ll publish the other aspect of analysis, technicals.
I won’t be posting every stock mentioned in Barron’s, but just ones I feel are good for near term swings. Also, I’m not finished reading this week’s edition, so I may be updating this on Sunday as well. I’ll post any updates I make on StockTwits & Twitter. If you have any specific requests, let me know in the comments section or contact me through one of the many outlets available.
Fair warning, I would not enter a Barron’s pick immediately on the following Monday if I see the stock going up. This can be largely due to the euphoria of retail investors reading about it in the paper and often that leads to a correction. I recommend waiting until the initial frenzy, if any, is finished and as always make sure you use your indicators to time your entry.
This Week’s Barron’s:
PANW | Barron’s Article
Bearish candle produced on Friday, but still holding up support. The stock is clearly trending up, which is confirmed by the ADX indicator.
My minimum price target is 52.50, which is a measured PT from the shortfall, and my second PT is 66.00, which is the next major resistance area.
I would set my stop below 52.85 (the blue line), around 52.50.
If you’re going to use the 52.50 PT, the best risk/reward entries would be 55.28 for a 1:3 R/R ratio and 56.20 for a 1:2 R/R ratio.
CVX | Barron’s Article
Important to be patient until we get a close above resistance
F | Barron’s Article
Bouncing off support
Resistance around 13.20
Stop below 12.10.
Two ways to play this, either wait for break of 13.20 resistance or if you want to long before (with a stop of 12.05), 12.34 gives you a 1:3 R/R and 12/43 gives you a 1:2 R/R
BBT | Barron’s Article
Broke below ascending trendline but now trading sideways instead of pulling back.
Would wait till break of recent high of 31.36 before getting long in order to avoid getting whipsawed.
TWC | Barron’s Article
Enter this trade however you feel most comfortable. One way is to wait until we break above 200-day SMA
YOKU | Barron’s Article
Huge rally on Friday after earnings report. Was down 11% but managed to close only down 1.7%
Coupled with Doji candle the day before, we could be in for a nice reversalDo not enter this trade until there’s a confirmed reversal.
Not a big fan of Chinese stock in general, but will keep an eye 0n this for a swing trade (would only hold for a couple days max)
EWI | Barron’s Article
200-day SMA clear support. Watch for bounce and don’t pull trigger early.
EWU | Barron’s Article
Bouncing off support. No real trend yet, should wait until new trend confirmed (watch ADX)
Stop below ascending trendline or 17.60
Gap 17.67 to 17.53
CNQ | 2/23 Edition
Wait for break of 31.75Ensure supplemental indicators confirm entry
SU | 2/23 Edition
May want to wait for small pullback before getting in short. Watch 10-day SMA for resistance.
ADT | 2/23 Edition
New stock, IPO in October 2012
Wait for breakout
COH | 2/23 Edition
Bouncing off support and holding above 200-day SMA. Inside day on Friday.H&S-like pattern
Any long would have stop below 200-day SMA
Do not long until you get confirmation Thursday’s bounce was a bottom. Get confirmation from multiple timeframes.
Safer long would be above potential right shoulder, above 50.15
HES | 2/16 Edition
Flat Top Broadening Pattern
Wait for break & close above resistance before longing
DECK | Barron’s Article
Has set 2 higher peaks. First Price Target 50.00.Stop 43.40
Long at 45.05 for 1:3 Risk/Reward
45.58 for 1:2 R/R