RE: Watchlist - Investor method - examples - EXAM WSM HOME.L CIU.L
Isatrader produces a fantastic list of suggestions for study, but I discuss here four which are not on his list, but struck me as of interest. Not only has Richard at the great http://www.stocktiger.net fallen very ill - I used his site for suggestions - my free http://www.incrediblecharts.com now has restricted my scan results to 5 stocks per scan, but I show these shapes of interest produced today. Although I think they all fit with Weinstein long set-up, the stops are wide on a some of them, and, with the stockmarket due a pullback, I can't say I'm confident.
$600m medical examination company Examworks EXAM has a cont b/o at 16 and is now $17.50, stop $13 no resistance till $26. http://scharts.co/X3tsVb
Feb results were in line, though somehow still does not make money, and there has been some insider buying.
Following broker upgrades and intro of spring range, a cont b/o at $48 has triggered http://tinyurl.com/bpnz3gn within an 8 year stockmarket-shaped Inverse H&S for $5bn high-end home furnishings retailer William-Sonoma WSM. Now $51.50, with a stop at $43, there is no resistance. The company makes little money and looks expensive.
In UK another retailer, HOME Home Retail caught my eye for its strong cont b/o at 140p, now 155p on its mid-March trading statement beating expectations. Catalogue store Argos has improved soundly, but home products superstores Homebase has worsened a bit, but leaving the group on balanced signifcantly improved, still with approx 2% divi. To me the shares look very expensive for sluggish growth. Stage 2 b/o was at 130p, but buyers still seem to like the shares. Target 230p but stop still looks to be 115p.
Also in UK here is an oil services share Cape CIU http://tinyurl.com/d4wjfem with b/o at 300 now 320p. The stop is as low as 215, so I'd really like to see a pullback to 300 on low volume. Initial target is 400p.
The bigchart omits the earlier run up to 600p shown on yahoo. http://uk.finance.yahoo.com/q/ta?s=CIU.L...=l&p=&a=&c= The company overstretched itself and there were 3 profit warnings.
Although it does not make money like before yet, its new managers are upbeat. So as a speculation in search of 600p it is worth a look, I think.