Our analysis is based on long term trends, and if they are promissing, short term analysis. First, we view the
3 year weekly charts, followed by a 1 year daily chart. This analysis allows you to view the larger picture and trend,
rather than just looking at a short term prospective. This way, you can use short term volatilty to your advantage, if the
long term trend is positive.
You will see a summery of the stock we are analyzing, followed by the 3 year and 1 year charts. At the end, you will see a technical analysis summery. That's it,
to the point technical stock market analysis daily!
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Technical Analysis for January 31st 2006
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| STOCK: DRIL QUIP DRQ |
CRAMER SAYS: IT’S VERY CHEAP |
| CURRENT PRICE: 61.50 |
TREND: SOLID UP TREND |
| TARGET PRICE: N/A |
RECOMMENDATION: WAIT FOR A PULL BACK |
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Long Term Chart (Weekly 3yr) - To view the bigger picture
Charts Courtesy of StockCharts.com
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Short Term Chart (Daily 1yr) - Where to take a position
Charts Courtesy of StockCharts.com
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Jim thinks this stock is pretty cheap here, and the charts indicate a healthy long term up trend. On the long term chart, the price has steadily moved higher, and broken through any past resistance. The MACD continues to tread higher, and may be ready for a rest period shortly, but no signs currently indicate that it might happen, only need to be aware of it since the MACD has extended this far already. The money flows have been starting to gap up here, and the inflow of cash may keep the run going. On the short term chart, the same sort of signals are showing up; a lot of bullishness in the stock, no resistance in sight, continuation of the up trend.
Bottom line, the stock looks good from every angle here. The only reason we are waiting, is because the stock may pull back because of the possible over extension of the MACD, but this is premature still; but no worries here at all.
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If our technical analysis was of value to you:
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| STOCK: ALLSCRIPTS (MDRX) |
CRAMER SAYS: GOOD COMPANY |
| CURRENT PRICE: 14.54 |
TREND: RESUMING UPTREND |
| TARGET PRICE: 17.50 |
RECOMMENDATION: BUY |
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Long Term Chart (Weekly 3yr) - To view the bigger picture
Charts Courtesy of StockCharts.com
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Short Term Chart (Daily 1yr) - Where to take a position
Charts Courtesy of StockCharts.com
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It has come down nicely from a good run up, and it seems like this stock is gearing up for another upward climb. From October,
it has dropped from abot $17.50 to about $13.50, which is about 23%. MACD and the STOCHs are showing a change in the long term trend,
back to a positive bias. The short term graph shows that a trading range has developed, with a top at $15. This will be the third
time that this resitance level will be tested, and after viewing the long term MACD, this time it should pass through.
Looks good long term, short term breakout above $15 is needed for confirmation. You can wait for confirmation, or jump in ahead of the game
to try to make a bit more. I would wait for confirmation, but Cramer is bang on, and you could make some mad money here.
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If our technical analysis was of value to you:
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| STOCK: ACTIVISION (ATVI) |
CRAMER SAYS: DON'T BUY, SELL IT |
| CURRENT PRICE: 14.89 |
TREND: RESUMING UPTREND |
| TARGET PRICE: 16.50 |
RECOMMENDATION: BUY |
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Long Term Chart (Weekly 3yr) - To view the bigger picture
Charts Courtesy of StockCharts.com
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Short Term Chart (Daily 1yr) - Where to take a position
Charts Courtesy of StockCharts.com
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Alright, well here's a stock that Cramer did not bless on Mad Money, in fact, he said to sell it! Although Cramer has alot of
good picks, we have to disagree on this one, at least on a technical basis. The long term trend in up, and the MACD is coming off
an oversold level, and treading higher. It has come down off the high around $17.50, and money has been flowing out since November.
That said, we think the selling is over done, and the short term money flow shows that less money is coming out, and we believe the sellers
are all but gone, and the uptrend, as shown by the long term trend line, will continue. Short term, the price has spiked higher by $0.66 on Friday,
so we would wait for a cheaper price, but the uptrend should continue.
Long term trend is still up, short term consolidation is always healthy before the next leg up. Look to enter in the low $14's, but a drop down to $13 might occur
before the advance continues.
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If our technical analysis was of value to you:
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