What's your Top Trade for next week?
In your answer, we’d like you to include why you like (or dislike) the stock and your time horizon for the investment.
Best Answer
2172 points
ChaosNantuko answered one year ago …
I'm strongly considering AGU for a trade up to 120.
Theres a nice uptrend in the stock, the stochastic (14,5) just flashed buy, and its at the 30 day moving average signifying support. Fundamentally, the stock seems strong.
The industry its in is in a strong uptrend as well.
most new highs in this stock seem to be $10-$20 higher, and the last high was 115, so i'm guessing it should go to 125-135. That being said, for the sake of being conservative, my price target is 120.
To play this, i intend to buy the 110/120 august call spread for under $3.50. This has the potential to be a triple if it does go above that 120 mark, but its a full loss under 110.
The biggest threat to this play is them reporting earnings in early august, but i expect it will be in line, or better, then expectations, given the recent positive analyst revisions in the stock.
timespan: 4.5 weeks.
Answers
123 points
BILLYJ65 answered one year ago …
DUG - ultrashort Oil ETF.
Read more from BILLYJ65 flag as abuse great answer
543 points
warren answered one year ago …
I don't day trade, but considering the hammerring oil has taken lately I would go long the nearest months futures contract. As quickly as it has come off it can come back. Nothing fundamentally has changed, supply is less than demand.
A close second woud be going long Platinum since it has been unjustly hammered as well.
And I would strongly consider a very short term long trade in FNM after the recent news....but I am very bearish that stock anytime more than a few days out.
Warren,
www.preciousmetalstockreview.com
116 points
Theodore answered one year ago …
MSFT : Tomorrow after hours following earnings release most likely there will be big upward jump in the stock price since all recent events regarding activities of Microsoft justify expectations for a considerable nice earnings surprise! Furthermore, it is increasingly obvious that the company is becoming growth one. Also, in times of market suffering from consequences of the credit crunch the debt of a company is of great importance. And Microsoft is a no-debt company .My target price for the next 6-12 months is at least $50 that's why it is a long-term buy!
Theodore
427 points
larryat36 answered one year ago …
I am looking for a jump in Valero [VLO] if oil comes down it will improve the crack spread and could Give VLO a nice boost.. Had a nice stochastic crossover recently. woold keep the protection tight because a big increase in oil could turn this around quickly.
Read more from larryat36 flag as abuse great answer127 points
kingfisher209 answered one year ago …
I like SWIM they were up today on strong volumes more than twice the daily vol. there av trade metrics for last couple of months has been constantly rising and with increase in volatility lot of interest is there in option market.
thinkorswim is simply the best when trading options. they had a overhang SEC investigation which should be out of their way in next couple of months, this stock should double in next twelve months, it is a great buy right now.
