"Old tech" names have been making a very strong comeback as of late. MSFT has advanced 45% over the last one year period, , CSCO is up more than 31% over the last one year period itself and has a dividend yield of 2.8%. Both are holding up relatively well off 4 and 5% from their most recent 52 week highs too. INTC is still higher by 26% over the last one year period, even with recent report of its chips being hackable. Friday it filled in a a gap from the 1/25 session, the day before one of its best earnings reports in years up 10.6%, and sports a nice dividend yield of 2.6%. Of course there will be exceptions as JNPR is LOWER by 4% over the last one year period. Below we take a look at BB, a name that technically looks very good and is has transformed itself from a hardware to a software play. The CEO John Chen that took over 4 years ago has this name on the up and up. On its yearly chart its looks to be on the cusp of a breakout ABOVE a bearish head and shoulders pattern that began in the year 2000. Breaks in the opposite direction of typical behavior can be very powerful. Directly below we look at the stock and how it was presented exactly in our Thursday 12/14 Game Plan and then later a present take on the name.
Stocks that can be bought as they take out their 50 day SMAs and added to above future valid base triggers are BB. BB is an "old tech" play higher by 55% YTD and 36% over the last one year period. Earnings have been mostly higher with gains of 13.4, 11.5 and 5.7% on 9/28, 3/31 and 9/28/16 and losses of 12.2 and 2.7% on 6/23 and 12/20/16 (it REPORTS on 12/20/16 before the open). The stock is lower 5 of the last 8 weeks, but is higher by 4% this week thus far and is now 10% off most recent 52 week highs. It has held the round 10 number 11/15 and enter BB with a buy stop above the 50 day SMA at 10.90 and add to above 11.88 cup base trigger (if it can CLOSE above 12 on weekly chart has lot of room to run as it was above 12 dating back to weeks ending 8/16/13, 11/14/14, 1/16/15 but reversed to end up below 12).
Trigger BB 10.90. Stop 10.20.
Taking a present look at the name it is still higher by 11% YTD and 77% over the last one year period. It has dropped a quick 15% from most recent 52 week highs. Earnings have been mostly higher with gains of 12, 13.4, 11.5 and 5.7% on 12/20/17, 9/28/17, 3/31/17, and 9/28/16 and losses of 12.2 and 2.7% on 6/23/17 and 12/20/16. It is lower 3 of the last 4 weeks, and all 3 of the down weeks CLOSED at the bottom of their weekly range at this week fell 7.6%. Their is a good risk/reward set up developing as it is looking to fill a gap from the 1/2 session, which would also retest its cup base breakout trigger of 11.88 taken out on 12/20. Enter BB at 12 which doubles up at rising 50 day SMA support too. On its weekly chart a CLOSE above 12 is important as that number has been resistance since summer of '13 (see last line in prior paragraph).
Trigger BB 12. Stop 10.75.
If you liked what you read why not visit www.chartsmarter.com.
"Old tech" names have been making a very strong comeback as of late. MSFT has advanced 45% over the last one year period, , CSCO is up more than 31% over the last one year period itself and has a dividend yield of 2.8%. Both are holding up relatively well off 4 and 5% from their most recent 52 week highs too. INTC is still higher by 26% over the last one year period, even with recent report of its chips being hackable. Friday it filled in a a gap from the 1/25 session, the day before one of its best earnings reports in years up 10.6%, and sports a nice dividend yield of 2.6%. Of course there will be exceptions as JNPR is LOWER by 4% over the last one year period. Below we take a look at BB, a name that technically looks very good and is has transformed itself from a hardware to a software play. The CEO John Chen that took over 4 years ago has this name on the up and up. On its yearly chart its looks to be on the cusp of a breakout ABOVE a bearish head and shoulders pattern that began in the year 2000. Breaks in the opposite direction of typical behavior can be very powerful. Directly below we look at the stock and how it was presented exactly in our Thursday 12/14 Game Plan and then later a present take on the name.
Stocks that can be bought as they take out their 50 day SMAs and added to above future valid base triggers are BB. BB is an "old tech" play higher by 55% YTD and 36% over the last one year period. Earnings have been mostly higher with gains of 13.4, 11.5 and 5.7% on 9/28, 3/31 and 9/28/16 and losses of 12.2 and 2.7% on 6/23 and 12/20/16 (it REPORTS on 12/20/16 before the open). The stock is lower 5 of the last 8 weeks, but is higher by 4% this week thus far and is now 10% off most recent 52 week highs. It has held the round 10 number 11/15 and enter BB with a buy stop above the 50 day SMA at 10.90 and add to above 11.88 cup base trigger (if it can CLOSE above 12 on weekly chart has lot of room to run as it was above 12 dating back to weeks ending 8/16/13, 11/14/14, 1/16/15 but reversed to end up below 12).
Trigger BB 10.90. Stop 10.20.
Taking a present look at the name it is still higher by 11% YTD and 77% over the last one year period. It has dropped a quick 15% from most recent 52 week highs. Earnings have been mostly higher with gains of 12, 13.4, 11.5 and 5.7% on 12/20/17, 9/28/17, 3/31/17, and 9/28/16 and losses of 12.2 and 2.7% on 6/23/17 and 12/20/16. It is lower 3 of the last 4 weeks, and all 3 of the down weeks CLOSED at the bottom of their weekly range at this week fell 7.6%. Their is a good risk/reward set up developing as it is looking to fill a gap from the 1/2 session, which would also retest its cup base breakout trigger of 11.88 taken out on 12/20. Enter BB at 12 which doubles up at rising 50 day SMA support too. On its weekly chart a CLOSE above 12 is important as that number has been resistance since summer of '13 (see last line in prior paragraph).
Trigger BB 12. Stop 10.75.
If you liked what you read why not visit www.chartsmarter.com.