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By: Christie Lees.
Contributor, Stock Traders Daily
Stock Traders Daily
(La Jolla, CA) Earnings season is upon us, so traders
and investors need to recognize the potentials before
earnings are released. This means they need to
recognize both the positives and the negatives.
Thomas H. Kee Jr., Chief Technical Analyst and
Investment Strategist at Stock Traders Daily, has
prepared real time trading reports for AA, BBBY, and MOS
that do exactly that. In addition, he has provided
comments on those specific reports to help investors
follow them properly. The reports are free for
everyone to review in real time.
Here are his
comments:
Alcoa (NYSE: AA)
When reviewing the real time report for AA pay close
attention to longer term resistance. Specifically,
this is longer term parameter #3 in that report.
The stock seems to have immediate upside momentum, but
that resistance levels is a ceiling from which the stock
is likely to turn lower again. Treat it as a
catalyst if it is tested. Access to our real time
report can be found here:
http://www.stocktradersdaily.com/Main/seo/AA.html
Bed Bath and
Beyond (NASDAQ: BBBY): BBBY has already tested
longer term resistance. If that resistance level
holds expect a sizeable pullback. Treat longer
term parameter #3 in our real time trading report as an
inflection level. If this resistance level holds
expect a decline to longer term parameter #1 over time.
A successful test has already occurred, so a pullback
has also already begun. Unless a reversal happens
soon, deterioration may lie ahead. Find the report
here, and pay attention to the parameters listed here
accordingly:
http://www.stocktradersdaily.com/Main/seo/BBY.html
Mosaic
(NYSE: MOS): Shares of MOS seem to be
stabilizing after September's drubbing. This has
tightened the mid term channels, and has made it far
less attractive to traders as a result. However,
investors may have a different perspective. This
could be a problem though. With stabilization
usually comes back and forth patterns. These are
excellent for short term moves, but usually do not
provide opportunity for buy and hold strategies.
The best approach to MOS, given this read, is to focus
on the swing trading strategies offered in the real time
report. Long or short will depend on the test of
support or resistance than may be occurring according to
the real time report. Start by monitoring it now:
http://www.stocktradersdaily.com/Main/seo/MOS.html
Interested in trading any of these companies?
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