Best Swing Trading Stocks

On November 11, 2010 Cisco gaped down from $24.50 to $20.25 overnight after it announced its quarterly earnings. It climbed up to $22.05 by February 9, 2011 and gaped down again next day to $18.86 after it released its earnings. Since then this stock has been down trending and traded to its 52 week low of $16.52 on April 19, 2011. Currently it is trading at $17.52 way below its 200 moving average and with last four positive days, I think it's about to swing to uptrend. If it does start an … [Read more...]

If you would have invested in NOG on May 25, 2010 when this stock was trading at $11.72, you would have made about 22 dollars per share, in less than a year. On March 7, 2011 it touched $33.98 before it started a downtrend, and is currently trading at $25.92. If you missed the boat back then, I think it is time again to make some money trading this stock. Take a look at its daily candlestick chart below, you will notice that it touched Support line 1 of $23.46 three times in last four months, … [Read more...]

I posted an article on March 18, 2011 “Get Ready To Buy Expedia (EXPE)" at the time when Expedia was trading at $21.32. As per my plan, I bought 300 shares of EXPE on March 30, 2011 at $22.41 and sold all 300 shares at $25.40 on April 8, 2011. In this trade I made $897.00 which comes down to about $2.99 per share. Even though there is a potential, that this stock might go up to $27.00, I got out to secure profit already made. Like to know if any one made any money on this trade, please leave … [Read more...]

Between July 2, 2010 and September 24, 2010 Expedia jumped from $18.30 to $29.85, almost a 30% jump in about three months. Last six months this stock is in downtrend, and dropped almost 25% from its high. It is currently trading at $21.32, just $3 above its 52 week low, and I think it is time to plan our move. On March 2, 2011 it bounced off of support at $19.61 and traded up for few days and then started trading sideways between $20.89 and $22.31. Below is a daily candlestick chart of Expedia, … [Read more...]

AIG reached a new 52 week high of $54.59 on January 7, 2011 and started a downtrend. The company released its quarterly earnings on Thursday February 24, 2011 and posted a profit of $16.60 per share, market was expecting a loss of $16.98. During the same quarter a year ago, the company posted a loss of $53.23 per share. This Stock is going sideways several days now and is currently trading at $37.11. In the daily candlestick chart below, I drew two support lines below and two resistance lines … [Read more...]

On January 20, 2011 Synaptics Incorporated released its quarterly earnings and the stock took a dive from a high of $32.24 a day before, to a low of 27.85 a day after. Next few days it went up and traded around $31.32 and then took another dive and is currently trading at $28.37. Take a look at the candlestick chart below, where I drew a support line below and three resistance line above its current price level. I also drew a trend line starting from its high to its current price. The plan is … [Read more...]

As I mentioned in my previous post "Abott Laboratories (ABT) could bounce off of next support" I bought 250 shares of ABT at $46.35 after it crossed Resistance on February 15, 2011. Today this stock closed at $48.70, which is above resistance line 3 of $48.62. If you look at its daily candlestick chart you will notice that this stock touched this price level two times before, first on December 20, 2010 and second time on January 5, 2011. On January 25, 2011 it came close to this resistance … [Read more...]

Shares of HPQ dropped about 12 percent in early trading on Wednesday February 23, 2011 following the company's decision to slash its revenue forecast on its current fiscal year by $2bn. Shares bounced after touching its support at $42.30 and is currently in uptrend. Time will tell if this uptrend continues, and if it does, as a swing trader we have to be ready to make as much money as possible. Below is a daily candlestick chart for HPQ, in which I drew couple of support lines below and few … [Read more...]

On December 9, 2011 FDO hit a new 52 week high of $51.81 and started trading sideways. The company reported its earnings for the first fiscal quarter of 2011 on January 5, 2011 before market opened. Sell off started after the earnings release and the stock gaped down and opened at $45.18 on January 5, 2011. FDO Continued its downtrend and bounced off of its support at $41.31 and a clear bulling engulfing candle on February 8, 2011. I moved this stock to my hot list on this day and been waiting … [Read more...]

On November 21, 2010 I posted an article about Abbot Laboratories My Swing Trading Strategy For Abbott Laboratories. At that time the stock was trading at around $47.40 and was heading towards two important supports. It bounced off of the support at $46.20 on November 30, 2010 and then started going sideways between December 17, 2010 and January 26, 2011. After it reported it earnings ABT took a dive, crossed two supports and is currently trading at $45.56 after bouncing off of $45.08. Please … [Read more...]

On January 18, 2011 CREE released it quarterly earnings and the stock dropped more than 10 dollars in couple of days. Currently it is trading at $52.65 after bouncing off of its support of $50.05 and I think it is time to get back in and make some money swing trading CREE. First lets look at the chart given below. In this daily candlestick chart I drew two support lines, one at $50.05 and one at $47.81. Even if this stock goes down from where it is trading now, the chances are it will bounce … [Read more...]

On December 2, 2010 COKE was trading at $58.12, just below its 52 week high of $61.00 when I posted … [Read more...]

TGT stamped a new 52 week high of $60.97 on the first trading day this year on January 3, 2011, and dropped to 54.29, a total of 6.68 points in just 3 days. Since then it has been trading between the support of $54.55 and Resistance of $56.40. On January 19, it did crossed this $54.55 support, but lifted itself up and closed above this support. On January 21, 2011 it touched the Resistance of $56.40 and could cross this resistance in next few days to head high.   I will be watching this stock … [Read more...]

I bought 100 shares of BBY back on December 23, 2010 when it was at $34.04 and sold all 100 shares when it was at $35.12 for a small profit on January 7, 2011. Please read my original post dated December 22, 2010 Best Buy (BBY) is Just 3 Dollars away from 52 Week Low and my  post dated  Sold Best Buy (BBY) for more details. As you can see in my chart below, I drew Some Resistance lines above and some support lines below the current price level. I will be setting up a buy stop to buy 250 … [Read more...]

Gold hit 52 week high of $106.44 on October 5, 2010, started a down trend and currently trading at $81.31, about 25 dollars drop from its high.  Which way it is going from here is anyone's guess, but looking at its daily chart, one can see that it already started an uptrend. Time will tell whether this trend will continue and confirm to an uptrend or turn to a downtrend. To make sure that I don't miss the opportunity, I am going to setup a buy stop just 10 cents above  Thursday's  high of … [Read more...]