Stock Chart Analysis SWC

Stillwater Mining Company (Public, NYSE:SWC)

Apparently my blog is one of many in the internets and blogOspheres, currently being subjected to stock spam courtesy of a user named jj2000426. He has been spamming blogs all over the world pumping his palladium pick SWC. Here are a few sites currently impacted by his relentless spamming.

• Fly on WallStreet
• Dinosaur Trader
• Get Short
• Trade While Working
• Rome of the West

In the interest of my readers, I wanted to post an analysis of SWC so that you could get an objective view and not be swayed by constant, relentless, unabashed pumping of a stock.

While the long term macro economic view of metals in general is bullish, the SWC chart is a mess right now. Looking at the chart below you can see that SWC broke down from a large broadening wedge on pretty decent volume. While it is oversold at this point, my guess is that SWC will only make a partial retrace higher before continuing lower. The target for the breakdown measures out into the mid $7 dollar area and with a major low in that area, I fully expect a test of the 8's at a minimum. As far as my analysis, I would not recommend shorting in this area, but I don't expect this to form a bottom in this area either.


Good Trading,


Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis GME

GameStop Corp. (Public, NYSE:GME)

GME has been in a sold trend recently and has held up pretty well the past two days. It has been very reliable in bouncing off the 20 sma as shown below by the arrows. It is trading in a small bull pennant here and could breakout if the markets cooperate.



Good Trading,


Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis SPN

Superior Energy Services, Inc. (Public, NYSE:SPN)

SPN is another Stock I highlighted recently that has held up well the past few days. SPN emerged relatively unscathed with the recent weakness in oil and oil stocks. It remains in the triangle and could be bouncing off the lower trend line. Break out traders may wish to wait for it to clear the triangle, but the risk / reward ratio is better down here.


Good Trading,


Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis ACAD

ACADIA Pharmaceuticals Inc. (Public, NASDAQ:ACAD)

ACAD is a chart I highlighted recently, and everything I wrote still stands. It has not been influenced by the recent bearishness in the markets and started to move off the 20 sma today. If tomorrow is a strong day, which I suspect, then ACAD may breakout.



Good Trading,


Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis GIL

Gildan Activewear Inc. (USA) (Public, NYSE:GIL)

GIL is another stock that is in a consolidation following a nice trend. It has been following the 50 day sma the past month and could be in the final stages of the consolidation period. It may drift back down to the lower ranges, but I wouldn't be surprised if it took off right here.


Good Trading,


Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis

The Mosaic Company (Public, NYSE:MOS)

MOS has been on a heck of a trend since February doubling in price in that time. It has been resolving into a triangle over the past two months as volume decreases. The bollinger bands have squeezed real tight perhaps foreshadowing a sudden increase in volatility soon. I am keeping an eye on it to see if the move is higher. If it is the move could be similar to the one leading into the triangle.


Good Trading,


Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis VRGY

Verigy Ltd. (Public, NASDAQ:VRGY)

VRGY had a high volume breakout in May and then promptly decided to go nowhere. It has been trading sideways which has allowed the 50 day simple moving average to catch up to it. It has successfully bounce off this sma in the past so I am looking to see if that trend will continue.



Good Trading,


Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis SPN

Superior Energy Services, Inc. (Public, NYSE:SPN)

SPN has been trading sideways after breaking out of a multi year base. Usually these triangle like patterns end up resolving as continuation patterns which would predict a breakout. While I've been suspect of the oil sector short term, SPN looks like a pretty good candidate if the strength continues.


Good Trading,


Joey

for more analysis, check out downtowntrader.com

Stock Chart Analysis BEC

Beckman Coulter, Inc. (Public, NYSE:BEC)

BEC had a strong move to breakout of the base shown below. It is pulling back to test the breakout area on declining volume. Look for it to find support here if the breakout is valid. There is some resistance above in the form of a previous all time high, however, it looks like it is poised to move higher from here.

Good Trading,


Joey

for more analysis, check out downtowntrader.com