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Pepsi Bottling Group Inc., Whirlpool Corp., Eaton Corp. – Technical Analysis

Stock_Numbers

Today’s report highlights all of the stocks producing technical “buy” signals by revealing a Bullish Moving Average Crossover with respect to MACD, indicating a Bullish Centerline Crossover with respect to Relative Strength Index, and are listed as neutral under stochastics.

Highlighting: CONVERGYS CP (NYSE:CVG), PEPSI BOTTLING GRP (NYSE:PBG), WHIRLPOOL CP (NYSE:WHR), EATON CP (NYSE:ETN)

Of the 679 stocks analyzed on the S&P 500 and TSE Composite, 552 advanced, 120 declined, and the remaining 7 stayed flat on the day.   Over 51% of stocks produced gains of over 1% on volumes almost 2% greater than prior day.   We are now beginning to see improvements in the number of stocks above their 50-day moving average, now at slightly over 35% of all analyzed.   This represents a significant starting point in building momentum for a continued uptrend.   There still is plenty of upside potential left in the market with over 150 stocks, or 22%, currently below their previous trend, with expectations of pullback to be seen.

 image Chart courtesy of StockCharts.com
CONVERGYS CP (CVG)
11.6 + 0.73 (6.72%)
Support 2 Support 1 Pivot Point Resistance 1 Resistance 2
10.81 11.20 11.60 11.99 12.39
Expected Short-Term Trading Range: 10.75 – 11.53
Support & Resistance Analysis Broke Upr Resistance (2)
MACD Analysis   Negative/Increasing MACD
MACD vs. Signal Bullish MA Crossover -0.028
RSI Analysis   Bullish Centerline Crossover RSI
Stochastic (Fast) Analysis Neutral   63.079
50-Day MA Analysis Above 50-Day MA – Crossover %K (fast)
200-Day MA Analysis Above 200-Day MA 72.535
Critical Level Analysis Broke Above Previous Trend
CONVERGYS CP (CVG) Seasonality
Analysis has revealed that with a buy date of November 12 and a sell date of June 1, investors have benefited from a total return of 259.21% over the last 10 years. This scenario has shown positive results in 5 of those periods.
Conversely, the best return over the maximum number of positive periods reveals a buy date of November 12 and a sell date of January 11, producing a total return over the same 10-year range of 178.57% with positive results in 9 of those periods.
The buy and hold return for the past 10 years was -65.04%.
Comments:
Although producing favorable technical signals, we have just come off the period of strength for this Technology stock. This stock had a great run during this seasonal timeframe, but considering the current price has exceed the expected trading range gives indication that this equity is due for a pullback.
News Headlines for CONVERGYS CP (CVG)
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image Chart courtesy of StockCharts.com
PEPSI BOTTLING GRP (PBG)
37.8 + 0.25 (0.67%)
Support 2 Support 1 Pivot Point Resistance 1 Resistance 2
37.41 37.61 37.81 38.01 38.21
Expected Short-Term Trading Range: 37.3 – 38.01
Support & Resistance Analysis Broke Lwr Resistance (1)
MACD Analysis   Negative/Increasing MACD
MACD vs. Signal Bullish MA Crossover -0.060
RSI Analysis   Bullish Centerline Crossover RSI
Stochastic (Fast) Analysis Neutral   54.565
50-Day MA Analysis Above 50-Day MA – Crossover %K (fast)
200-Day MA Analysis Above 200-Day MA 78.641
Critical Level Analysis    
PEPSI BOTTLING GRP (PBG) Seasonality
Analysis has revealed that with a buy date of March 6 and a sell date of September 2, investors have benefited from a total return of 693.88% over the last 10 years. This scenario has shown positive results in 8 of those periods.
Conversely, the best return over the maximum number of positive periods reveals a buy date of March 12 and a sell date of May 26, producing a total return over the same 10-year range of 374.47% with positive results in 10 of those periods.
The buy and hold return for the past 10 years was 348.56%.
Comments:
This soft drink company is gearing up for a seasonal play in about one month time. This stock has shown a history of bottoming out around the beginning of March before being influenced by seasonal strength that lasts well into the Spring, and even beyond to a certain extent. Look for an entry point soon following Coca-Cola’s reign over the Olympics.
News Headlines for PEPSI BOTTLING GRP (PBG)
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image Chart courtesy of StockCharts.com
WHIRLPOOL CP (WHR)
80.34 + 2.7 (3.48%)
Support 2 Support 1 Pivot Point Resistance 1 Resistance 2
76.31 78.33 79.40 81.42 82.49
Expected Short-Term Trading Range: 75.98 – 82.95
Support & Resistance Analysis Broke Upr Resistance (2)
MACD Analysis   Negative/Increasing MACD
MACD vs. Signal Bullish MA Crossover -0.453
RSI Analysis   Bullish Centerline Crossover RSI
Stochastic (Fast) Analysis Neutral   54.067
50-Day MA Analysis Above 50-Day MA – Crossover %K (fast)
200-Day MA Analysis Above 200-Day MA 70.612
Critical Level Analysis    
WHIRLPOOL CP (WHR) Seasonality
Analysis has revealed that with a buy date of November 21 and a sell date of August 27, investors have benefited from a total return of 337.61% over the last 10 years. This scenario has shown positive results in 6 of those periods.
Conversely, the best return over the maximum number of positive periods reveals a buy date of March 27 and a sell date of April 5, producing a total return over the same 10-year range of 39.49% with positive results in 10 of those periods.
The buy and hold return for the past 10 years was 59.5%.
Comments:
Fundamentally, Whirlpool is not the most attractive stock on my radar. This stock is another that has shown a history of bottoming out around the beginning of March before seasonal influences take hold. Shares are currently being accumulated by institutions and the long-term growth prospects are reasonable. My concern is, are people going to want to buy appliances if they have troubles holding onto their house to put them in? These effects may already be apparent by less than expected recent earnings.
News Headlines for WHIRLPOOL CP (WHR)
[feedsnap, 3]http://us.rd.yahoo.com/finance/news/rss/add/*http://finance.yahoo.com/rss/headline?s=WHR[/feedsnap]
image Chart courtesy of StockCharts.com
EATON CP (ETN)
64.84 + 1.31 (2.06%)
Support 2 Support 1 Pivot Point Resistance 1 Resistance 2
62.34 63.59 64.25 65.50 66.16
Expected Short-Term Trading Range: 62.38 – 68.37
Support & Resistance Analysis Broke Lwr Resistance (1)
MACD Analysis   Negative/Increasing MACD
MACD vs. Signal Bullish MA Crossover -0.395
RSI Analysis   Bullish Centerline Crossover RSI
Stochastic (Fast) Analysis Neutral   52.972
50-Day MA Analysis Above 50-Day MA – Crossover %K (fast)
200-Day MA Analysis Above 200-Day MA 55.927
Critical Level Analysis    
EATON CP (ETN) Seasonality
Analysis has revealed that with a buy date of October 22 and a sell date of June 1, investors have benefited from a total return of 537.87% over the last 10 years. This scenario has shown positive results in 8 of those periods.
Conversely, the best return over the maximum number of positive periods reveals a buy date of October 25 and a sell date of June 16, producing a total return over the same 10-year range of 404.57% with positive results in 10 of those periods.
The buy and hold return for the past 10 years was 159.9%.
Comments:
This stock may be the only one on this list that you could buy now. Currently trading in the lower limits of the expected trading range, the seasonal influences, albeit somewhat faded, do extend through the current month. This stock has had a nice history of beating earnings expectations and its prospects for growth are reasonable. Signs of outperformance compared to the market are already present, but don’t expect to be blown away by the potential gain, with targets of around $4 above current levels.
News Headlines for EATON CP (ETN)
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Equity Clock – By The Numbers will be offered following each trading day.
Disclosure: Mr. Vialoux does not own securities mentioned in this report.
Disclaimer: Comments and opinions offered in this report at EquityClock.com are for information only. They should not be considered as advice to purchase or to sell mentioned securities.
Data offered in this report is believed to be accurate, but is not guaranteed.

 

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