Technically Speaking, this Bull Needs a Break
6303 views
Rate Now: 1 2 3 4

average rating: 0.00 / 0 ratings
Created by Barrons
DESCRIPTION:

Date updated:04-28-2007

From Barron's 4-30-07

"What do you do when the evidence derived from a plethora of technical indicators tells you to be cautious about stocks, yet the market is hitting new highs every day? Tighten your seat belt and go along for the ride, as investors did in April. Yet, even as the Dow whizzes past 13,000, on its way to who knows where, the case is building for the stock market to take a breather."

symbol name last price % change open
  • +
  • BHP
    Bhp Billiton Limi
  • $77.51
  • +4.33%
  • $76.44

"One stock that looks well-positioned to weather any storm is Australia's BHP Billiton (ticker: BHP), which trades around 49. This producer of commodities, including coal and uranium, passes the trend test; it has been in a solid advance since 2003, handily beating the broad market over that span. Some will question the staying power of such a leader, especially since short-term technical tests, such as momentum, show BHP to be in need of a small correction. But with a solid long-term chart and a relatively low price-earnings ratio of 11.2 times next year's estimated earnings of $4.38 a share, it is cushioned against a market decline."

People owning BHP also tend to own: ALBAPDARJBLLDOWFCXFMC

TheStreet.com Rating: No Rating What is this?

  • +
  • MIL
    Millipore Cp
  • $68.27
  • -0.42%
  • $68.44

"Laboratory-equipment maker Millipore (MIL) likewise is well-positioned technically. A long-term chart shows the stock pausing as it prepares to attempt a breakout to new highs."

People owning MIL also tend to own: AGZ.BECBIFLSIEXITTLAYNNLC

TheStreet.com Rating: B What is this?

Portfolio not tracked!

Comments not available

ADD YOUR COMMENTS:

Jim Cramer's Portfolios of the Week

By Roberto Pedone Posted on Nov. 27, 2009 According to Jim Cramer, investors need to know the four enemies of all bull markets. On Wednesday’s “Mad Money” TV show...

11.27.09 | 13:36 PM
'Fast Money' Portfolios of the Week

By Roberto Pedone Posted on Nov. 27, 2009 According to CNBC’s “Fast Money” traders, the adjustment in the third-quarter GDP figure released on Tuesday from an exp...

11.27.09 | 12:22 PM
Black Friday Short-Squeeze Oppor...

By Jonas Elmerraji Posted on Nov. 25, 2009 With Thanksgiving fast approaching, retailers have one thing on their collective minds: Black Friday. After all, the day, whi...

11.25.09 | 13:33 PM
Dividend Stocks for the Week

By Jonas Elmerraji Posted on Nov. 24, 2009 Don’t dismiss dividends right now. While stocks may have made significant strides in the rally that’s taken hold of the m...

11.24.09 | 11:36 AM
more articles
General market Technical Analysi...
11.14.07 | 22:55 PM From author ZA
Full Disclosure
11.09.08 | 12:30 PM From author alchemist
The Presidential/Political Thread
01.02.08 | 08:05 AM From author Dave Cox
Nymph's Trading Daily Trading Diary
04.13.09 | 01:10 AM From author Trading Nymph
more forums
today 's lists
Biggest % Gainers

Here are some of the largest % gainers from Nov. 27, 2009. more

Analyst Downgrades

Analyst Downgrades or Estimate Reductions for Nov. 27, 2009. Read more here. more

Earnings Announcements

Here is a list of some of the companies that will report earnings on Monday (Nov. 30, 2009). For some of the companies below, EPS estimates* are provided. * Analyst o... more