Friday 27 July 2012

Weekly Update: Sprint Nextel Corp. 65% gain since uptrend confirmation

Cisco Systems Inc. and Avon Products Inc. are still in a downtrend, no sign of a reversal as of yet.
Sprint Nextel Corp. is still in a strong uptrend, initially identified 2 months ago and The Wharf (Holdings) Ltd in a mild uptrend.
Chesapeake Energy Corp. is trading above last week Sell Stop price of $17.20 so the uptrend remains valid.
Netflix Inc. recently confirmed uptrend has been cut short by the not so good earnings and outlook announced a couple days ago; therefore a Sell Stop has been set for next Friday at $58.92.
Last week newly confirmed uptrends are still valid for CNOOC LtdSuncor Energy Inc. and Cheung Kong (Holdings) Ltd .

New Uptrend triggered today:

New Downtrend triggered today:

                                                Update on the previous positions


  Buy Sell ShortBuy to Cover27-JulGain/Loss
USDate Date Date Date   
Cisco Systems, Inc.    5/4$19.12  $15.6921.86%
Avon Products, Inc.    5/11$20.19  $16.1724.86%
Sprint Nextel Corp.5/25$2.62      $4.3164.50%
Chesapeake Energy Corp.7/6$20.04      $18.46-7.88%
Netflix Inc.7/13$84.90      $58.92-30.60%
CNOOC Limited (ADR) 7/20$202.75      $201.25-0.74%
Suncor Energy Inc. 7/20$30.07      $31.705.42%
           
           
           
CANADIAN          
SNC-Lavalin Group Inc
7/27$39.93      $39.930.00%
           
           
Hong Kong          
Wharf Holdings Ltd (4:HK)7/6HKD 45.30      HKD 43.05-4.97%
Cheung Kong (Holdings) LTD (1:HK)7/20HKD 102.00      HKD 100.30-1.67%
HSBC Holdings plc (5:HK)
    7/27HKD 64.15  HKD 64.150.00%

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