Referencing my weekly stock radar from Sunday night, I am highlighting a few of the charts below for potential trades. We still can’t seem to get a break and enjoy a Santa Claus rally. Bonds keep moving higher leaving less capital aside for equities, the EU is still in search of a solution that seems to evade them all, so our markets continue to be weak. However, after much weakness, we are due for a bounce.
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 expecting momentum traders to follow. 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.
For many of these stocks below, I am looking for stocks that have found support just below the trendline as they can create strong moves up if the markets do come back to life in the coming days.
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Yahoo Finance Profile:
Glu Mobile Inc. engages in the design, marketing, and sale of casual and traditional mobile games worldwide. The company creates games and related applications based on its own original brands and intellectual property, as well as third-party licensed brands. Its original games based on its own intellectual property include Beat It!, Bonsai Blast, Brain Genius, Glyder, Gun Bros, Hero Project, Jump O Clock, Magic Life, Stranded, Super K.O. Boxing, Toyshop Adventures, and Zombie Isle. The companys games based on licensed intellectual property include Build-a-lot, Call of Duty, Deer Hunter, Diner Dash, DJ Hero, Guitar Hero, Family Feud, Family Guy, Lord of the Rings, Paperboy, The Price Is Right, Transformers, Wedding Dash, Who Wants to Be a Millionaire?, and World Series of Poker. It develops and publishes games for the users of smart phones and tablet devices who purchase those games through direct-to-consumer digital storefronts, as well as for the users of feature phones served by wireless carriers and other distributors. The company was formerly known as Sorrent, Inc. and changed its name to Glu Mobile Inc. in May 2005. Glu Mobile Inc. was incorporated in 2001 and is headquartered in San Francisco, California.
Yahoo Finance Profile:
Smith & Wesson Holding Corporation provides products and services for safety, security, protection, and sports in the United States and internationally. The company offers firearms, handguns, sporting rifles, hunting rifles, black powder firearms, handcuffs, and firearm-related products and accessories. It also provides turnkey perimeter security solutions to protect and control access to key military, government, and corporate facilities. The companys perimeter security solutions include proprietary products, such as canopies and guard booths, signs and signals, intrusion detection systems and vehicle inspection systems, fencing and gates, and bollards and wedge barriers to reduced-risk and mobile barriers, as well as facility analysis, solution design, system engineering and installation, construction management, customer training, and system maintenance. In addition, it offers forging, heat treating, finishing, and plating services. Smith & Wesson sells its products to gun enthusiasts, collectors, hunters, sportsmen, competitive shooters, individuals desiring home and personal protection, law enforcement and security agencies and officers, and military agencies primarily through distributors, dealers, consumer promotions, and retailers. It also operates Websites; and a retail store, including a commercial shooting range, in Springfield, Massachusetts, as well as an online retail store for non-firearm accessories to market its products and services. The company was founded in 1852 and is based in Springfield, Massachusetts.
Yahoo Finance Profile:
Convergys Corporation provides relationship management solutions worldwide. It operates in two segments, Customer Management and Information Management. The Customer Management segment provides agent-assisted services and self-service solutions, including customer service, customer retention, sales, technical support, social interaction, collections management, back office, business-to-business, customer experience applied analytics, and intelligent interaction solutions for various markets, such as communications, financial services, technology, retail, healthcare, and government. This segment also offers intelligent technology care solutions comprising premise-based and hosted automated self-care and technology solutions; speech recognition solutions; and license, professional, consulting and maintenance, and software support services. The Information Management segment provides convergent billing and business support system solutions and services. These solutions comprise revenue management solutions, such as rating and billing manager, collections manager, active mediation, and integrated communications operations management system; product and order management solutions consisting of product control manager, shopping and ordering solution, shopping and ordering solution, and service activation manager; and customer care management solutions, including customer service manager, inventory manager, field service manager, and dynamic decisioning and customer intelligence solution. The company was founded in 1998 and is headquartered in Cincinnati, Ohio.
Yahoo Finance Profile:
Flotek Industries, Inc., together with its subsidiaries, develops and supplies drilling and production related products and services to the energy and mining industries in the United States and internationally. The company operates in three segments: Chemicals, Drilling, and Artificial Lift. The Chemicals segment designs, develops, manufactures, packages, and markets specialty chemicals used by oilfield service companies in oil and natural gas well drilling, cementing, stimulation, and production activities. This segment also designs, operates, and manages automated bulk material handling and loading facilities for oilfield service companies that handle oilfield products, including sand and other materials for well-fracturing operations, dry cement and additives for oil and natural gas well cementing, and supply materials used in oilfield operations. The Drilling segment manufactures, sells, rents, and inspects specialized equipment for use in drilling, completion, production, and workover activities. Its rental tools include stabilizers, drill collars, reamers, wipers, jars, shock subs, wireless survey, and measurement while drilling tools, and mud-motors; and equipment comprises mining equipment, centralizers, and drill bits. This segments downhole drilling tools are used in the oilfield, mining, water-well, and industrial drilling activities. The Artificial Lift segment manufactures and markets artificial lift equipment, such as the Petrovalve line of rod pump components, electric submersible pumps, gas separators, valves, and services to support coal bed methane production activities. The company sells its products directly and through third party agents to integrated oil and natural gas companies, independent oil and natural gas companies, pressure pumping service companies, and state-owned national oil companies. Flotek Industries, Inc. is headquartered in Houston, Texas.
Yahoo Finance Profile:
Caribou Coffee Company, Inc. owns and operates coffeehouses. The company offers premium coffee and espresso-based beverages, as well as specialty teas, handcrafted beverages, foods, coffee lifestyle items, branded merchandise, and related products. It also sells whole bean and ground coffee to grocery stores, mass merchandisers, office coffee providers, airlines, hotels, sports and entertainment venues, college campuses, and online customers. In addition, the company sells blended coffees and licenses its Caribou Coffee brand to Keurig, Inc. for sale and use in its K-Cup single serve line of business. Further, Caribou Coffee Company franchises its brand to partners to operate Caribou Coffee branded kiosks and coffeehouses, as well as sells Caribou Coffee branded products to partners for resale in these franchised locations. As of July 3, 2011, it operated 407 company-owned coffeehouses located in 16 states and the District of Columbia; and 147 franchised coffeehouses in the United States and international markets. The company was founded in 1992 and is based in Brooklyn Center, Minnesota.
Yahoo Finance Profile:
Mentor Graphics Corporation supplies electronic design automation systems used to automate the design, analysis, and testing of electronic hardware and embedded systems software in electronic systems and components worldwide. The company provides digital simulation products, including ModelSim software tool, a hardware description language mixed-language digital simulator; and Questa, a functional verification platform; analog/mixed-signal simulators, as well as offers hardware emulation systems, such as Veloce product to create functional and logical equivalent models of actual electronic circuits. It also provides Calibre DRC and Calibre LVS physical verification tool suite; Calibre xRC, a transistor-level extraction and device modeling tool; Calibre LFD for use in the design for manufacturing area; Calibre CMPAnalyzer to model the planarity of ICs; Calibre PERC for checking the electrical design of an IC; and Olympus-SoC, a place and route product. In addition, it offers the Expedition series; PADS for PCB design and layout solution; I/O Designer to integrate FPGA input/output planning; XtremePCB, which offers a method for simultaneous design; and XtremeAR, a PCB routing product for routing time of designs, as well as AutoActive place and route technology used to replace older generation routers in PCB design flows and in flows, and Precision Synthesis product family to program the FPGA to perform a specific set of functions. Further, the company provides Catapult C, a tool to produce ASIC or FPGA hardware; design, analysis, manufacture, and data management software products for wire harness systems; data management systems applications; tools to test IC design; and TestKompress product for embedded deterministic test. It serves military/aerospace, communications, computer, consumer electronics, semiconductor, networking, multimedia, and transportation industries. The company was founded in 1981 and is headquartered in Wilsonville, Oregon.
Yahoo Finance Profile:
Cheniere Energy, Inc., through its subsidiaries, engages in the ownership and operation of liquefied natural gas (LNG) receiving terminals and natural gas pipelines in the Gulf Coast of the United States. The company develops LNG receiving terminal projects on Sabine Pass LNG in western Cameron Parish, Louisiana on the Sabine Pass Channel; Corpus Christi LNG near Corpus Christi, Texas; and Creole Trail LNG at the mouth of the Calcasieu Channel in central Cameron Parish, Louisiana. It also involves in the oil and natural gas exploration and development activities; and LNG and natural gas marketing business. The company was founded in 1983 and is based in Houston, Texas.
As always, do your own homework to see if you agree. Good luck out there.
Mike
At the time of publication, Kudrna was long GLUU, CBOU, FTK, and LNG but positions may change at any time
