Fundamentally its a good business. P/E is a little high but we could be looking an a resistance break in the very near future. My DCF puts this puppy at a +20% upside ($15.28). Thoughts anyone? Happy trading - Keyser Soze
A developing head and shoulder position of Bank of America - A close out today below 15 would indicate a break in the cycle and a subsiqent sever sell off - Inversely, a break above 16 would be an early sign of a bull run. - MACD is approaching a critical inflection point as well. Good luck & happy trading!
Starbucks MACD is primed for a rally. RSI indicator is sub-par but still cheap because the "rush rally" hasnt started yet. Support wedges and SMA's - along with some thorough fundamental analysis - says SBUX is going to take off in September. Suggestion: Be the early bird on SBUX
Here we see the USD/CAD being pulled back against that 1.30 mark. The CAD has kept up nicely against the USD almost soully due to that 27% oil jump in late august - even though is was short lived. Support and resistance levels wave between low 1.33 to 1.40 as expected, giving us an optimistic look at the near term volatility. Even though its a tempting time...
Computer Modelling Group (CMG.TO) is counter cyclical to the price of oil (WTI). CMG appears to have just had a a break through to buying levels as indicated by MACD. In brief, RSI appears at a neutral 50% level. Implied share price is 15.37 (27% return) - using Gordan Growth . Suggestion: Hold