Referencing my weekly stock radar from Sunday night, I am highlighting a few of the charts below. Last week was very profitable and hopefully we will see if we can get a few more runs in the stocks below. The concern is the EU situation. We have the ECB meeting on Thursday and the EU Summit on Friday. Both may mean bulls lighten up as soon as Wednesday until after the news. Unfortunately, this puts us at risk to not only holding overnight, but that we may not run higher unless the outcomes are bullish. Keep that in mind as you navigate your trades this week.
I’m eying charts that are showing strength with established trendline support levels for favorable risk-reward buys. In a good market, I am more than willing to buy on breakouts. In this market, I am finding that many breakouts are fizzling fast due to overall fearful sentiment. With that being said, I am more inclined to make moves near trendline support rather than breakouts.
Still using ProShares UltraShort 20+ Year Treasury (TBT) as my shadow chart. Follow my real-time trades via StockTalks
Yahoo Finance Profile:
Jaguar Mining Inc. engages in the production of gold, as well as in the acquisition, exploration, development, and operation of gold mineral properties in Brazil. It holds interests in the Turmalina, Paciencia, Sabara, and Caete gold projects in the state of Minas Gerais. The company also holds an interest in the Gurupi Project located in the state of Maranhao. The company was founded in 1984 and is headquartered in Concord, New Hampshire.
Yahoo Finance Profile:
Procera Networks, Inc. provides network traffic awareness, analysis, and control solutions for broadband service providers. It offers intelligent policy enforcement solutions that enable mobile and broadband network operators and entities to manage private networks. The company offers its products under the PacketLogic brand name. Its network operator customers include mobile service providers, broadband service providers, cable multiple system operators, Internet service providers, educational institutions, enterprises, and government agencies. The company sells its products through its direct sales force, resellers, distributors, and system integrators in the Americas, the Asia Pacific, and Europe. Procera Networks, Inc. was founded in 2002 and is headquartered in Fremont, California.
Yahoo Finance Profile:
Newpark Resources, Inc., together with its subsidiaries, provides fluids management, waste disposal, and well site preparation products and services primarily to the oil and gas exploration and production industry in the United States and internationally. The company operates in three segments: Fluids Systems and Engineering, Mats and Integrated Services, and Environmental Services. The Fluids Systems and Engineering segment offers drilling fluids products and technical services to drilling projects involving subsurface conditions, such as horizontal, directional, geologically deep, or deep water drilling. This segment also offers completion fluids and equipment rental services; and sells barite and other industrial minerals. The Mats and Integrated Services segment provides mat rentals, location construction, and related well site services to exploration and production customers. This segment manufactures and sells DuraBase composite mat systems for domestic and international markets, as well as for use in its domestic rental operations. The Environmental Services segment processes and disposes waste generated by oil and gas customers; and non-hazardous industrial waste principally from generators, including refiners, manufacturers, service companies, and industrial municipalities. It provides onshore and offshore drilling waste management, and reclamation services. The company offers its products and services primarily in the United States Gulf Coast, west Texas, east Texas, Oklahoma, north Louisiana, Rocky Mountains, and northeast region of the United States, as well as in Europe, north Africa, Brazil, Canada, the United Kingdom, and Mexico. Newpark Resources, Inc. was founded in 1932 and is based in The Woodlands, Texas.
Yahoo Finance Profile:
Ebix, Inc. provides on-demand software and e-commerce solutions to the insurance industry. The company operates data exchanges, which connects multiple entities within the insurance markets and enables the participant to carry and process data from one end to another in the areas of life insurance, annuities, employee health benefits, risk management, workers compensation, and property and casualty (P&C) insurance. It involves in designing and deploying broker systems comprising three back-end systems consisting of eGlobal for multinational P&C insurance brokers; WinBeat for P&C brokers in the Australian and New Zealand markets; and EbixASP for the P&C insurance brokers in the United States. In addition, the company offers business process outsourcing services, which include certificate origination, certificate tracking, claims adjudication call center, and back office support. Further, it provides software development, customization, and consulting services to various companies in the insurance industry, including carriers, brokers, exchanges, and standard making bodies. Additionally, Ebix, Inc. focuses on designing and deploying carrier systems, such as Ebix Advantage and Ebix Advantageweb for P&C carriers. The company was formerly known as Delphi Systems, Inc. and changed its name to Ebix, Inc. in December 2003. Ebix, Inc. was founded in 1976 and is headquartered in Atlanta, Georgia.
Yahoo Finance Profile:
Cerus Corporation, a biomedical products company, engages in the development and commercialization of the INTERCEPT Blood System. The companys INTERCEPT system is designed to inactivate blood-borne pathogens in donated blood components intended for transfusion. It markets the INTERCEPT system for platelets and plasma primarily in Europe, the Russian Federation, and the Middle East. The company is also developing INTERCEPT Blood System for red blood cells or red blood cell system, which is designed to inactivate blood-borne pathogens in donated red blood cells for transfusion. Cerus Corporation has collaboration agreements with Baxter International, Inc.; and BioOne Corporation, as well as the United States Armed Forces. The company was founded in 1991 and is based in Concord, California.
As always, do your own homework to see if you agree. Good luck out there.
Mike
At the time of publication, Kudrna was long JAG, PKT, NR but positions may change at any time
