Double Bottom in FLR

Posted by downtowntrader | 11/27/2008 10:10:00 PM | 4 comments »

I wrote an article for Investopedia regarding a double bottom in some construction / machinery stocks. I mentioned CAT,DE,FLR and CNH. I should be writing a lot more of these in the near future, so if anyone has ideas they would like me to look at, drop me a comment.

Joey

4 comments

  1. Michael // 9:58 AM  

    Any thoughts on companies in the oil patch??

  2. downtowntrader // 10:31 AM  

    That is my next article. I think oil stocks are also setting up for a bounce. I see a head and shoulders top in dug that looks to be confirmed.

    Joey

  3. Michael // 11:21 AM  

    It seems like the refiners are acting best (SUN being the best of that bunch) but I can't help but think plays like DXO should do okay also.

  4. downtowntrader // 11:56 AM  

    Sun looks pretty good. I think DIG is a better option then DXO right now. It seems the service sector will outperform the commodity near term.

    Joey