1,2 Punch
Here are a few stocks that grab my attention.
Denison Mines Corp. – DNN
This company deals with Uranium in the United States and a couple other places in the world. These type of basic materials can do well with a falling dollar.
Having just crossed its 50 day moving average with very strong volume, this stock seems poised for a continuation upwards.
The next obstacle can come at the 200 day moving average (in red), however, if it is able to pass that, then a quick target could be set at $9.20-ish. From there, hopefully we can see the teens again.
Depending on your risk threshold, buy now or after a crossing of the 200 day moving average.
PT Indosat Tbk – IIT
Another one of those beaten down stocks; however, another passing of the 50 day moving average (in orange) seems to help this stock out.
By looking at the year time frame, you can see the possible room this stock could potentially make up. Watch out for the 200 day moving average (in red), although we can enjoy a nice 5 point raise in the mean time. Buy target would be $35.
Filed Under: Financial Markets
Related Articles
1 Comment
Trackbacks
Leave a Response
Recommended Articles and Blogs from TWI
- Financial Crisis Finally Hit ME Jan 23, 2009
- Is This the Beginning of the End? Oct 07, 2008
- Warren Buffett Agrees With Me and Buys GE Oct 02, 2008
- There are Other Options Aug 12, 2008
- Win a Free Copy of ProBlogger’s Book Jun 02, 2008
Sponsored Links
Umoo - Trade, Compete, and Win
Leading virtual online trading platform. Play for free.
http://www.umoo.com/
Wall Street Journal
Save over 80% when you subscribe to the WSJ. Get access online and in print.
https://subscribe.wsj.com/
