Zacks.com Announces That Dr. Melvin Pasternak Highlights the Following Stocks: Kimberly Clark, Procter and Gamble and Gillette.CHICAGO -- Dr. Melvin Pasternak, editor of the StreetAuthority Swing Trader newsletter, explains the story behind the recent fluctuations of various indices. Get his in-depth technical analysis and read about Kimberly Clark (NYSE NYSE See: New York Stock Exchange :KMB KMB Kimberly-Clark Corporation KMB Kowloon Motor Bus (Hong Kong) KMB Kempen & Co Merchant Bank (Germany) KMB Kiss My Butt KMB Knabenmusik der Stadt Bern ), Procter and Gamble's (NYSE:PG) and Gillette (NYSE:G). Click here for the full story exclusively on Zacks.com: http://at.zacks.com/?id=84 Highlights from the February 2nd Featured Expert column by Dr. Melvin Pasternak includes: The S&P 500 has passed an important technical test and given a number of positive technical signals. The broad based index has bounced off the 1163 level, avoiding the completion of a head and shoulders topping pattern. It has also filled the gap between 1182 and 1184 that has been discussed in previous Swing Trader issues. The S&P has also broken the downtrend downtrend A series of price declines in a security or the general market. Many analysts feel that investors should avoid securities in a downtrend until the pattern is broken. Compare uptrend. line drawn off the January 3rd peak at 1217.80. Furthermore, it has gone back above the downward sloping 30-day moving average and the sideways-trending 50-day moving average -- both at 1189. With a large percentage of fourth quarter earnings already reported, it would not surprise Dr. Pasternak to see the averages consolidate over the next few days in a range between 1172 and 1205. In that scenario, it will very much be a market of stocks rather than a homogenous homogenous - homogeneous stock market, which means careful stock selection will be the key to swing trading Swing Trading A style of trading that attempts to capture gains in a stock within one to four days. Notes: To find situations in which a stock has this extraordinary potential to move in such a short time frame, the trader must act quickly. success. Based on Dr. Pasternak's belief that large cap stocks should outperform small caps See Small capital , he is planning to take a long position in consumer paper products maker Kimberly Clark (NYSE:KMB). The stock is trading close to a two-month high and is above rising 30- 50- and 150-day moving averages. KMB shows good relative strength, and MACD MACD Moving Average Convergence/Divergence MACD Michigan Association of Conservation Districts MACD Move Add Change or Delete MACD Medium Access Control Device has just given a buy signal. There has been a recent explosion in On Balance Volume, which often signals an impending im·pend intr.v. im·pend·ed, im·pend·ing, im·pends 1. To be about to occur: Her retirement is impending. 2. price movement. KMB could also benefit from takeover speculation in the wake of Procter and Gamble's (NYSE:PG) proposed merger with Gillette (NYSE:G). Read Dr. Melvin Pasternak's complete market commentary, and get information on more stocks, by clicking: http://at.zacks.com/?id=85 About Zacks Featured Experts Successful investing requires professional advice from knowledgeable experts who can help investors achieve their financial goals in good markets and improve their portfolios, especially in bad ones. That is why Zacks Investment Research Zacks Investment Research A firm that compiles earnings estimates and brokerage firm investment recommendations for thousands of publicly traded firms. has assembled the best investment experts in the business to offer their powerful advisory newsletters on all the major investment topics: Stocks, Mutual Funds, Bonds, Options, Futures etc. Additional recommendations from Zacks.com Featured Experts are highlighted in the free investment newsletter, Profit from the Pros. Each issue highlights several Featured Experts in this free e-mail See Internet e-mail service. newsletter. Register for a free subscription to "Profit from the Pros" at: http://at.zacks.com/?id=86 About Zacks Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 to compile, analyze, and distribute investment research to both institutional and individual investors. The guiding principle behind Zacks work is the belief that investment experts, such as brokerage analysts and investment newsletter writers, have superior knowledge about how to invest successfully. The goal is to unlock these pros' profitable insights for individual investors hard-pressed to find this valuable information in one source. A free subscription to "Profit from the Pros" weekly e-mail newsletter provides the best way to use these experts' insights for more profitable investing. Register now for a free subscription to the Profit from the Pros newsletter at http://at.zacks.com/?id=87 Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual to buy or sell any security. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion