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Posts Tagged ‘Stock’

Target (TGT) Stock Price Breaking Down?

April 10, 2012 Leave a comment

Looks like the Target (TGT) stock price is breaking down. Here is the TGT 1-year stock price chart.

Target TGT 1-year stock price chart

Target TGT stock has been overbought recently

It appears that the TGT stock price is moving from a overbought status as demonstrated by the channel in the bottom chart. Whether this will continue is unknown, but it seems likely.

Now, let’s look at the TGT 5-year stock price chart.

Target TGT 5-year stock price chart

Target TGT stock price may not reach much higher

It appears that around the $60 level, TGT has difficulty breaking through. Also, for the past several years, TGT appears overbought. At these price levels, I don’t think I would be looking to purchase TGT as it does not appear to have much room to rise, and may – in fact – fall more in price.

Disclaimer: The above is for informational purposes only. This should not be considered investment advice. Any investment decisions are your own and should be made after conducting your own independent research and / or in consultation with a professional investment advisor. 

Sears SHLD Continues Price Slide

April 2, 2012 1 comment

SHLD Chart

SHLD data by YCharts

Despite the recent trip up to over $80.00, Sears SHLD continues to be in a long-term price decline.

But first, let’s look at a 1-year price chart for SHLD.

Sears SHLD 1-year price chart

Sears SHLD stock price rediscovers gravity

As the saying goes, “Gravity is a bitch”. After defying gravity over $80.00, Sears bounced over long-term price resistance represented by the white line. It is now being pulled down into the purple colored Andrew’s Pitchfork below.

The bottom part of the chart is the 21-day detrended price oscillator which basically indicates that Sears was overbought, but has now re-entered the channel, where we might expect it will journey down – eventually – to oversold status should it exit out the bottom of the channel.

Now, for the 5-year SHLD price chart.

Sears SHLD 5-year stock price chart

From the softer side of Sears to the softer side of SHLD stock price

The SHLD 5-year stock price chart reveals Sears has failed multiple times to cross the overhead white price resistance line.

The exterior of a typical Sears Essentials store.

Until, or unless, it manages to convincingly penetrate price resistance, expect Sears to continue its steady price descent long-term. While there may be shorter-term opportunities to trade the stock it doesn’t appear to be a long-term buy and hold opportunity.
Disclaimer: The above is for informational purposes only. This should not be considered investment advice. Any investment decisions are your own and should be made after conducting your own independent research and / or in consultation with a professional investment advisor.

Chart Update: Pan American Silver PAAS

March 24, 2012 2 comments

Pan American Silver PAAS has been on a wild ride. It recently agreed to purchase Minefinders MFN. In theory, the market reaction has not been positive as the price of PAAS has fallen. However, it is possible that there is more than meets the eye.

First off, for context, let’s take a look at a 5-year chart of PAAS.

Pan American Silver Stock Chart

Pan American Silver Stock Chart by YCharts

As you can see, PAAS encounters some pretty stiff resistance near the $40.00 mark.

As a silver miner, PAAS also moves in concert with silver prices to a degree, so let’s look at a 5-year chart of the silver price.

Silver 5-year price chart

Silver 5-year price chart

Notice anything interesting about the PAAS stock price and the price of silver? Over the long term, the price of PAAS is rising in near percentage lock-step with silver.

Because silver and PAAS move together, the 5-year chart of PAAS doesn’t necessarily look that exciting.

PAAS 5-year chart 3-23-12

The PAAS 5-year chart isn't a thriller

More interesting is a more recent chart.

PAAS Chart 3-23-12

PAAS price is straddling the sell trigger line

Where the PAAS price goes will largely depend on the price of silver. While my research of the general state of the economy, central bank intervention in said economy, and fundamental supply and demand lead me to believe the silver price will rise long-term, you should do your own research and act accordingly.

Disclaimer: The above is for informational purposes only. This should not be considered investment advice. Any investment decisions are your own and should be made after conducting your own independent research and / or in consultation with a professional investment advisor.

Tanzanian Royalty Exploration Chart (TRX)

March 18, 2012 1 comment
Chart of TRX at close 3-16-12

Chart of Tanzanian Royalty Exploration (TRX) at close 3-16-12 with Andrew's Pitchforks, upper and lower triggers. Notice the buy signal generated on 12-2-11.

It’s interesting to me how much information prices reveal. I have been listening to Jim Sinclair of Tanzanian Royalty Exploration (TRX) talk about gold and gold prices for some time. He says quite a few thing that The Powers That Be (TBTB) don’t like, including pointing out the inevitability of the failure of the fiat money system and its replacement with some kind of gold standard.

So, despite the fact that TRX has fallen far from its highs, I have been interested in buying some stock in the company, if for no other reason than the fact that I have confidence in Jim Sinclair.

But, I have an impulsive nature. Could be because of my ADHD. So, I have learned over the years to try to not make rash decisions. One way to ensure that I don’t jump into a stock blindly is using charts.

The chart on TRX is pretty interesting. I have drawn two Andrew’s Pitchforks – one descending and one ascending. There is also an upper price trigger and a lower price trigger. Notice that on 12-2-12 the upper price trigger flashed a buy signal. You can see what happened since then – the price has been climbing fairly steadily.

A couple of other interesting things about the TRX chart:

  • It has been riding pretty close to the bottom of the pitchfork. It may be that I haven’t drawn it quite right.
  • The price hasn’t gotten near the top of the pitchfork, so it isn’t anywhere near overbought yet.

If you’re already neck-deep in TRX stock, then this probably is good news. The stock is gradually increasing in price again after a pretty significant decline.

If you’re thinking about buying some TRX stock the proposition is more risky. Perhaps TRX stays in the channel for a long time. But, who knows, it could drop out. The sell trigger is pretty far beneath the lower part of the fork, so if you wait for it to violate it, you’ll be out some money.

But, I’m not a¬†professionally¬†licensed financial anything. I’m just a guy interested in the markets who isn’t giving you stock advice. So consider this entertainment and do your own research.