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eBay Inc, PG&E Corp, The Southern Company – Technical Analysis

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Today’s report seeks to identify all of the stocks that remain poised for buying opportunities.   After putting the universe of stocks through the engine that is our stock screener, we reveal stocks that indicate MACD below their signal and poised for a breakthrough, that are trading within the limits of their expected trading ranges and have indicated a Bullish Crossover with respect to its Money Flow Index, a reasonable leading indicator that provides signs of accumulation.

Highlighting: eBay Inc. (NASDAQ:EBAY), PG&E CP (NYSE:PCG), SOUTHERN CO (NYSE:SO), Suncor Energy (TSE:SU)

Stocks continued on their upward trend today, showing gains of 0.37% on average with volumes 4.23% higher than the day prior.   Of the 678 stocks analyzed on the S&P 500 and TSE Composite, 419 advanced, 250 declined, and the last 9 were even.   Again we are seeing an improvement in the percentage of stocks above their 50-day moving average, now at 54.13.   Levels such as these haven’t been witnessed in a couple of months now.   Stochastics are revealing signs that we’ve moved up too far too fast with almost 45% of stocks considered overbought, however other technical signs are more in line with that of a Bull market.

image Chart courtesy of StockCharts.com
eBay Inc. (EBAY)
22.68 + 0.16 (0.71%)
Support 2 Support 1 Pivot Point Resistance 1 Resistance 2
22.22 22.45 22.60 22.83 22.98
Expected Short-Term Trading Range: 22.21 – 23.88
Support & Resistance Analysis Neutral  
MACD Analysis   Negative/Increasing MACD
MACD vs. Signal Below/Thinning -0.285
RSI Analysis   Below 50   RSI
Stochastic (Fast) Analysis Neutral   48.175
50-Day MA Analysis Below 50-Day MA %K (fast)
200-Day MA Analysis Above 200-Day MA 45.525
Critical Level Analysis    
eBay Inc. (EBAY) Seasonality
Analysis has revealed that with a buy date of March 3 and a sell date of June 4, investors have benefited from a total return of 362.02% 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 May 11 and a sell date of June 1, producing a total return over the same 10-year range of 100.88% with positive results in 9 of those periods.
The buy and hold return for the past 10 years was 50.35%.
Comments:
In addition to favorable technicals, fundamentals are sound for this investment as it remains steady on its path to growth. The price you’ll pay per unit of earnings and growth, by way of P/E and PEG ratios, are desirable, however, you will be paying a premium for each unit of Sales, sitting higher than the average for the industry, sector and market at $3.34 for each $1 of sales revenue. Seasonal period of strength is approaching, so put this stock on your radar.
News Headlines for eBay Inc. (EBAY)
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image Chart courtesy of StockCharts.com
PG&E CP (PCG)
41.87 + 0.09 (0.22%)
Support 2 Support 1 Pivot Point Resistance 1 Resistance 2
41.42 41.64 41.87 42.09 42.32
Expected Short-Term Trading Range: 41.35 – 44.83
Support & Resistance Analysis Neutral  
MACD Analysis   Negative/Increasing MACD
MACD vs. Signal Below/Thinning -0.692
RSI Analysis   Below 50   RSI
Stochastic (Fast) Analysis Neutral   43.016
50-Day MA Analysis Below 50-Day MA %K (fast)
200-Day MA Analysis Above 200-Day MA 44.178
Critical Level Analysis    
PG&E CP (PCG) Seasonality
Analysis has revealed that with a buy date of April 8 and a sell date of December 16, investors have benefited from a total return of 603.21% 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 July 25 and a sell date of November 28, producing a total return over the same 10-year range of 168.3% with positive results in 10 of those periods.
The buy and hold return for the past 10 years was 177.16%.
Comments:
Another day revealing an energy company as the sector continues to show signs of rebounding from short-term lows. The fundamentals are flat on this company, leaving the technicals and seasonal influences the area of focus. Watch for signs of continued outperformance in order to determine if the strength is present in order to follow its energy sector counterparts.
News Headlines for PG&E CP (PCG)
[feedsnap, 3]http://us.rd.yahoo.com/finance/news/rss/add/*http://finance.yahoo.com/rss/headline?s=PCG[/feedsnap]
image Chart courtesy of StockCharts.com
SOUTHERN CO (SO)
31.64 -0.24 (-0.75%)
Support 2 Support 1 Pivot Point Resistance 1 Resistance 2
31.25 31.45 31.77 31.97 32.29
Expected Short-Term Trading Range: 31.35 – 33.18
Support & Resistance Analysis Neutral  
MACD Analysis   Negative/Increasing MACD
MACD vs. Signal Below/Thinning -0.306
RSI Analysis   Bearish   RSI
Stochastic (Fast) Analysis Neutral   44.721
50-Day MA Analysis Below 50-Day MA %K (fast)
200-Day MA Analysis Above 200-Day MA 45.665
Critical Level Analysis    
SOUTHERN CO (SO) Seasonality
Analysis has revealed that with a buy date of March 12 and a sell date of December 28, investors have benefited from a total return of 596.73% over the last 10 years. This scenario has shown positive results in 10 of those periods.
 
The buy and hold return for the past 10 years was 281.88%.
Comments:
This stock had a big run-up following Obama’s announcement to guarantee loans in aid of nuclear building projects. The pull back we have witnessed today is most likely that of profit taking. As with PG&E, look for outperformance compared to the market before taking a dip. Fundamentals are sound, however Cash figures seem concerning. Beneficial influence from strength in the sector are to be expected.
News Headlines for SOUTHERN CO (SO)
[feedsnap, 3]http://us.rd.yahoo.com/finance/news/rss/add/*http://finance.yahoo.com/rss/headline?s=SO[/feedsnap]
image Chart courtesy of StockCharts.com
Suncor Energy (SU.TO)
31.46 -0.09 (-0.29%)
Support 2 Support 1 Pivot Point Resistance 1 Resistance 2
31.03 31.24 31.58 31.79 32.13
Expected Short-Term Trading Range: 31.36 – 38.35
Support & Resistance Analysis Neutral  
MACD Analysis   Negative/Increasing MACD
MACD vs. Signal Below/Thinning -1.465
RSI Analysis   Bearish   RSI
Stochastic (Fast) Analysis Neutral   32.828
50-Day MA Analysis Below 50-Day MA %K (fast)
200-Day MA Analysis Below 200-Day MA 21.205
Critical Level Analysis    
Suncor Energy (SU.TO) Seasonality
Analysis has revealed that with a buy date of November 15 and a sell date of September 14, investors have benefited from a total return of 1501.54% over the last 10 years. This scenario has shown positive results in 10 of those periods.
 
The buy and hold return for the past 10 years was 410.43%.
Comments:
And last, but not least, an energy player in the Canadian space. This stock has the power to excel and analysts as well as institutions have indicated favoritism toward this equity. Seasonal prospects are good on what is predominantly a buy-and-hold investment. Again, look for outperformance against the market before proceeding.
News Headlines for Suncor Energy (SU.TO)
[feedsnap, 3]http://us.rd.yahoo.com/finance/news/rss/add/*http://finance.yahoo.com/rss/headline?s=SU.TO[/feedsnap]
Equity Clock – Technical Analysis 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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