Hartford Financial - HIG - cls: 71.48 chg: +0.37 stop: 69.95
If you believe the broader market will continue to bounce then the two-day bounce in HIG above the $70.00 level looks like a potential bullish entry point. Conservative traders might feel better waiting for more confirmation like a move over the $72 level.
Picked on February 06 at $ 71.17
Loews Corp - LTR - close: 72.10 chg: +1.17 stop: 69.95
Here we go. We've been waiting for a bounce in LTR and it looks like we've got one. Conservative traders can still wait for a little more confirmation before initiating new positions.
Picked on February 15 at $ 74.15
Spectrasite Inc - SSI - close: 61.07 chg: +1.05 stop: 58.00
SSI is bouncing from round-number support near the $60 level. If you think the broader stock indices will continue to climb then this looks like a bullish entry point in SSI.
Picked on February 16 at $ 61.80
Cooper Industries - CBE - cls: 68.44 chg: -0.30 stop: 67.95
An intraday dip to $67.50 was enough to stop us out at 67.95. The breakdown under the $68.00 level, which should have been support is a warning sign for bullish investors. CBE did manage to bounce near the 50-dma but today's weakness during a rally in the major indices is also a warning sign for the bulls.
Picked on February 03 at $ 70.01
Nike Inc - NKE - close: 86.50 chg: +1.60 stop: 87.01
Positive comments from an analyst firm that NKE could have a strong spring sent the stock rising on Thursday. The breakout over resistance at the $86 level also proved to be a breakout over its descending trendline of lower highs that began in December. We haven't been stopped out yet but odds are NKE will continue higher at least until the $88 to $90 region. We're closing this play early to minimize losses.
Picked on February 08 at $ 84.55