Each week at ChartSmarter we like to bring to a little insight into what we do on a daily basis. We have been at it for more than 4 years and we love doing it. Each night we detail 8 to 10 of our favorite ideas, both long and short, for the next days session. We do NOT have a chat room, nor are we active “tweeters”. We like our business growing by word of mouth. For those who would like to see a full copy of our Monday Game Plan, email me at firstname.lastname@example.org.
In our Wednesday 1/14 Game Plan this is how we presented PEGI. The stock is an alternative energy play that is enjoying a strong 2015 up 21% YTD and has an attractive dividend yield of 4.5%. The stock is among the durable utility sector and that can put some “wind” behind the back of this name.
Stocks that can be bought as they take out their 200 day SMAs are PEGI. PEGI is a wind/utility play that has begun to show some like up 15% YTD and down by 7% over the last one year period. It sports a dividend yield of 4.7%. This stock like TUP was glad to put 2014 to and end as it lost ground all 4 times it reported earnings falling 1.2, 3.1, 3.7 and 2.6% on 10/31, 8/6, 5/2 and 2/28. It did however undergo a recent positive trend change on 1/7 jumping 6% on double average daily volume and reclaiming its 50 day SMA in the process. The stock is now just below its 200 day SMA and lets look to enter with a buy stop above at 28.65.