|
|
|
Ask Tony
Friday, April 6 th, 2007
by Tony Golan
Chief Technical Analyst
StockProfit.com™
Question:
Hello Tony
I like your website, and I think it's very informative. I have been watching several stocks lately, and wanted to get your opinion as to whether they are worth while. I presently own KRY at $3 & LYC at $0.35.
What do you think of these stocks:
- Crystallex International Corp. (KRY) - they may get acquired if their permit goes through. I think a target price of possibly $10 if that happens.
- Jones Soda Co. (JSDA ) - What do think is a good price to get into this one.
- LYNAS FPO (LYC.AX) - I have been watching this stock since oct.06 ($0.35) as of today it is ($0.85). They are into Rare Earth Metals.
- IVANHOE MINES LTD (IVN) - Since Oct.06 it has gone from $6 to $12.
- CYNOSURE, INC. (CYNO) - Since Oct.06 the stock has gone from $15 to $30.
- Cadence Pharmaceuticals Inc. (CADX) - has gone from $8.30 to $15.
Thanks for taking the time to read this message. Please reply with your input
Fady
 Zoom
Tony answers: Fady, you didn't specify what your timeframe is, so I will assume intermediate-term until you tell me otherwise (since most people fall under that timeframe). First is Crystallex (KRY). KRY has been trading in a trading range between 2.50 and 4.20 or so. KRY is now bumping up against the resistance level. You could take some off the table and keep the rest with a stop at 3.33, and you can raise the stop is the stock breaks out and goes back to the 6.50 level like it did this time a year ago. Otherwise, KRY is still a bit too close to the 200-day moving average and has not moved enough off it to be considered trending strongly.
Zoom
As for JSDA, as you can see by the above chart, it is making new highs and trading way way above the 200-day moving average. The last reaction low was at 19.50 where I drew the horizontal blue line. An intermediate-term stop should be set at 19.45. If you don't already own it, wait for a pullback to get in. RSD is very high at 116 indicating this is an already really strong up-trend that is likely to remain really strong.
I could not get a chart on LYC.AX.
Zoom
IVN is in a good long-term up-trend and making higher highs and higher lows above a 200-day moving average. RSD is above the 25% red line, and the stock just made a new high on Thursday. The last corrective low on IVN was at 11.14, where I drew the horizontal blue line on the chart. Therefore, an intermediate-term stop should be placed at 11.09. If you're not already in it, buy on pullbacks.
Zoom
CYNO is in a good up-trend, too. RSD is well above the 25% line. The last corrective low was at 20.32, where I drew the horizontal blue line. An intermediate-term stop should be set at 19.90. It is currently correcting after making a new high, but it should make a higher low and turn back up to resume the up-trend. If and when it does, it will be a good time to raise the stop. If not already in, wait for the turn back up to get in.
Zoom
CADX hasn't been trading long enough to calculate RSD, but it is in an up-trend. The last low was at 13.62, and I drew the horizontal blue line under it. An intermediate-term sell-stop should be set at 13.57. If you're not already in, buy on pullbacks.
-Tony.
Enter your email address here to join Tony Golan's email list and be notified of new articles by Tony, upcoming technical analysis seminars and new products or services from Tony.
Tony Golan
Chief Technical Analyst
Disclaimer: All statements and expressions are the sole opinions of the editors and are subject to change without notice. A profile, description, or other mention of a company is neither an offer nor solicitation to buy or sell any securities mentioned. While we believe all sources of information to be factual and reliable, in no way do we represent or guarantee the accuracy thereof, nor the statements made herein. In no event shall StockProfit and/or its publisher, Pan American Relations, Inc. or any of its employees or affiliates, be liable for any direct, incidental, consequential, indirect or punitive damages whatsoever arising out of the use of the Information, or for any errors or omissions in the content thereof, including, but not limited to, from any investment loss, damage or expense incurred by any investor resulting from the Information, or from the purchase or sale of any profiled company or any company which we make commentary. We recommend using good-'till-cancelled stop orders to minimize losses in the event of an adverse price movement. We have not been compensated by company(ies) mentioned above in any way. We do not hold any positions whatsoever in the above mentioned company(ies).
|
|
