lululemon athletica (LULU)–02-24-2011
I pointed out LULU last summer as a potential bearish swing trade. Since then, the stock went from $38 to $85. Whoops! At least it was on my watch list for a couple bullish swing trades (although I sadly didn’t make any money on it throughout that whole run somehow).
I guess I should give DT credit for putting it back on my radar at the last breakout, but it’s really just giving credit to the IBD list for moving it back to #1. That means volatility one way or another. $75 was the breakout point for the move, so we’re at an interesting point here that will either be a bounce or a breakdown. Good for active trading with proper risk management, bad for holding and hoping. Play accordingly.
SodaStream (SODA)–01-13-2011
I may be biased in favor of SodaStream since I have fond memories of Jones Soda (JSDA) when they ran up from $6 to $32 for me a while back. Don’t be fooled by the $39 price tag on SODA since it has a market cap of just $250M. It seems like everyone that has a SodaStream loves it, but maybe everyone that’s going to get one already has one. I don’t have one, and I’m not sure I would ever buy one, but I learned my lesson about avoiding stocks for companies that I don’t use myself when I missed the boat on RICK largely due to that fact, even though I loved their numbers and chart at the time.
Since SODA recently IPO’d, there’s not much we can draw on the short chart. There’s the high volume breakout today on a bullish analyst rating, but that just shows that the stock is still small and somewhat under the radar. Other than that, the only thing interesting about this stock is all the hype. There have been rumors that WMT and/or TGT will start distributing them, which would be huge if they could get that going before the summer. And if all the hype doesn’t pan out, this can have some major downside potential too. Any stock that goes from $36 down to $27 and back up to $39 in less than a month is interesting in my book.
Silver (SLV)–01-04-2011
Silver posts obviously always apply to SLV, AGQ, ZSL, and any of the various silver futures. Gold and silver have been on a rampage lately and have accelerated over the past quarter and a half, as seen on the weekly chart above. You’d be suicidal to go bearish now, but this could get interesting if it keeps brewing. Hopefully the bulls will continue to run wild a little longer and we’ll get a nice crash sometime in 2011.
Aixtron Aktiengesellschaft (AIXG)–01-04-2011
$5 to whoever can pronounce the name of this German tech company on the first try. It’s another IBD stock that’s just too wild to try to draw any patterns on. It caught my eye because it’s popped up on my autotrader numerous times too, probably due to the fact that it’s so gappy. I’m not sure what to do with it, but the options don’t have too huge of a spread and I’m almost positive I’ll be unknowingly buying it in the future anyway, so at least now I’ll remember why it’s familiar when it’s flashing across the screen.
ebix.com (EBIX)–01-04-2011
So the IBD 100 got whittled down to the IBD 50. That’s great for manually looking at stocks, but not so good for my automated trading that uses the list as a starting point. Anyway, I’m not even bothering to look too hard at the fundamentals right now. EBIX is one of the few stocks that’s not on a ridiculous bump and run (reversal pattern) so it might be good for a nice swing trade.
Lululemon Athletica (LULU) – 06-30-2010
LULU, home of the milfs. I never liked them much as a brand, but just like Crocs, they have their niche. It’s at an interesting point with a lot of potential downside.