Go Broke or Move to the Beach

June 3rd, 2008 | Filed under: Financial Markets

I have got two stocks that could have you living the good life or living on the corner of broke and poor. Lets take a look at them:

Western Refining – WNR

Now I am usually a huge fan of these stocks that have gotten absolutely massacred; however, I get a little uneasy when they dip all the way into the single digits and low teens.

If oil heads downward at all, then look for this stock to get pumped up. After just crossing the 50 day moving average, this stock could be bought almost anytime, although make sure to keep eye on a gracious stop-loss. The blue lines represents the different levels.

WNR 060208

Granite Construction – GVA

The simple explanation is the to look at the chart. It seems to have been beaten, rounded, and poised for a heavy upward movement. Get in at $40, get out a millionaire.. or something like that.

GVA 060208

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