In this episode of the TradingTips.com video newsletter, we won’t be looking at a pattern formation, a technical statistic, or a chart overlay. Instead, we’ll be looking at an actual stock pick made for the week of May 23, 2011.
In this episode, you’ll learn:
- The identity of the stock in question, along with background information and recent earnings.
- What I see in the stock, and why I think it’s a buy.
- The recent events that have transpired that not only make this the right stock pick, but now the right time.
- The precise entry point, price targets, and stop-loss I intend to use with this stock pick.
The episode also features charts and statistics to illustrate the case for the stock. We look at its recent history, as well as its trading over the past six months. The stock in question has been sliding for quite some time, and had a big sell-off recently: but now it’s oversold, under-valued, and ripe for a big rebound!
The stock pick reviewed in this episode has valuation metrics that are lower than the industry average and its own five-year averages, across the board. Its PEG is just 0.7. And it’s a blue-chip stock you’ve heard of: in fact, you’ve probably shopped there in the past year. What is the stock? View this week’s episode to find out!
Happy Trading!
Manny Backus
CEO, Wealthpire Inc.
P.S. In our next episode, we’ll be looking at Bollinger Band %B, a vital indicator for stock traders. See you next week!
Episode 75 –Editor’s Stock Pick – Staples (SPLS)
