Two Sides To GUESS (NYSE: GES)
GUESS (NYSE: GES) designs and distributes lifestyle clothing and operates about 425 stores in the U.S. and Canada and about 100 stores outside of the U.S. and Canada. The three year weekly chart shows a solid up-trend over the past 24 month. In 2010 the stock found resistance twice just north of $51, […]
Coinstar (CSTR) Upside Potential
Coinstar Inc (NASDAQ: CSTR) is in the business of automated retail via self-service interactive kiosks. The two main businesses are the redbox® DVD rental and Coinstar® coin-counting. While there are about 19,000 Coinstar Center® machines in supermarkets, drug stores and the like the DVD rental business accounts for 70% of revenue while coin counting is about 17% […]
Today’s Morning Market Video Is Ready To Watch Here
http://steadytrader.wpengine.com/video-2/video-july-2011/
ANN Chart Showing Weakness
ANN Inc (NYSE: ANN) is a leading specialty retailer for fashionable women’s clothing with about 900 stores. From a fundamental point of view, the company has been under pressure from investors about their gross margin compression and this has been somewhat reflected in the stock price as of late. If we look at a […]
JPMorgan (JPM) Chart Looking Up
Much more constructive the chart of JPM here. A daily close above the blue downtrend line may lead us to go long for a trade.
Coca Cola (KO) Looking Good Long
As a consumer non-cyclical stock, Coca Cola Co (NYSE: KO) could in times of market turbulence act as a relative safe haven compared to the rest of the market. Even though this well-managed firm may not be the cheapest in its industry, its great strategic positioning should allow it to trade at a premium. […]
BKX Bank Index Still Weak
Worth pointing out here again is the BKX bank index. It remains looking weak and is very close to slip out of this latest bear flag pattern. A close above 48 would cause us to look on the long side.
Today’s morning market video is uploaded and ready to watch here:
http://steadytrader.wpengine.com/video-2/video-june-2011/
Dollar Index Breaking Higher Soon?
The dollar continues it's march higher and is currently resting at resistance. It is however now the fourth time the dollar index tested the most immediate resistance area and as such the chances of a break higher are increasing.
Fedex (FDX) Poised To Run Higher
Fedex (FDX) announced its latest earnings on June 22nd. The company reported earnings per share of $1.76 compared with the consensus of $1.72. What gave the stock the real boost however was that the management upped its fiscal year 2012 guidance. On the weekly chart we note that over the past 8.5 months or […]