Equity Clock

Priceline.com Inc., First Quantum Minerals Ltd. – Technical Analysis

Today’s report highlights the top five stocks with the biggest gains on the day.   Each of these stocks had gains greater than 4% on the session, and one even appreciated by almost 9.5% in one day.

Highlighting: ANALOG DEVICES (NYSE:ADI), CHESAPEAKE ENERGY CP (NYSE:CHK), Expedia, Inc. (NASDAQ:EXPE), Priceline.com Incorporated (NASDAQ:PCLN), 1ST QUANTUM MINLS COM NPV (TSE:FM)

Another up day on the markets.   I feel like I’m becoming a broken record.   Stocks punched out gains of 0.56% on average with volumes 11.5% lower than the day prior.   Of the 678 stocks analyzed on the S&P 500 and TSE Composite, 481 advanced, 187 declined and the last 10 were unmoved by the day.   Over 34% of stocks had gains of more than 1% on the session.

And now for your daily 50-day moving average update.   Although the S&P 500 index just fell short of achieving this level today, the percentage of stocks that have further improved to over take this level now sits at almost 60%, an almost 8% increase since yesterday.   This is huge and gives indication that the market is brushing off fears of a large correction and are beginning to become forward looking once again.   Although we may see profit taking in the immediate future, the markets are coming in line with levels that if hold true should not reveal declines of more than 1.5% from current prices.   This represents an acceptable buffer zone to add to positions upon weakness, and benefit off of March rallies.

Chart courtesy of StockCharts.com
ANALOG DEVICES (ADI)
	29.57	+ 1.19 (4.19%)
Support 2	Support 1	Pivot Point	Resistance 1	Resistance 2
28.03	28.80	29.30	30.07	30.57
Expected Short-Term Trading Range: 26.98 – 30.62
Support & Resistance Analysis		Broke Upr Resistance (2)
MACD Analysis		Negative/Increasing		MACD
MACD vs. Signal		Above/Widening		-0.260
RSI Analysis		Bullish		RSI
Stochastic (Fast) Analysis		Increasingly Overbought		60.604
50-Day MA Analysis		Above 50-Day MA – Crossover		%K (fast)
200-Day MA Analysis		Above 200-Day MA		93.275
Critical Level Analysis
ANALOG DEVICES (ADI) Seasonality
Analysis has revealed that with a buy date of October 19 and a sell date of June 10, investors have benefited from a total return of 571.48% 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 April 26 and a sell date of May 20, producing a total return over the same 10-year range of 91.99% with positive results in 9 of those periods.
The buy and hold return for the past 10 years was -23.39%.
Comments:
ANALOG DEVICES rallied today after reporting earnings that impressed the street yesterday evening. Analysts are optimistic regarding growth prospects for this particular equity. Fundamentals peg the appreciation of this stock at around 30%, however more realistic estimates put the gains at around 15% – 25%.
News Headlines for ANALOG DEVICES (ADI)
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Chart courtesy of StockCharts.com
CHESAPEAKE ENERGY CP (CHK)
	27.46	+ 1.1 (4.17%)
Support 2	Support 1	Pivot Point	Resistance 1	Resistance 2
26.58	27.02	27.29	27.73	28.00
Expected Short-Term Trading Range: 24.57 – 28.3
Support & Resistance Analysis		Broke Upr Resistance (2)
MACD Analysis		Negative/Increasing		MACD
MACD vs. Signal		Above/Widening		-0.145
RSI Analysis		Bullish		RSI
Stochastic (Fast) Analysis		Increasingly Overbought		60.607
50-Day MA Analysis		Above 50-Day MA		%K (fast)
200-Day MA Analysis		Above 200-Day MA		97.500
Critical Level Analysis
CHESAPEAKE ENERGY CP (CHK) Seasonality
Analysis has revealed that with a buy date of January 29 and a sell date of January 2, investors have benefited from a total return of 2908.52% over the last 10 years. This scenario has shown positive results in 7 of those periods.
Conversely, the best return over the maximum number of positive periods reveals a buy date of December 3 and a sell date of July 4, producing a total return over the same 10-year range of 1785.5% with positive results in 10 of those periods.
The buy and hold return for the past 10 years was 1076.36%.
Comments:
Turning to the other end of the spectrum and a stock primed for seasonal play is revealed. Seasonal prospects are ideal, and strength has commonly been seen around this time-frame. Fundamental prospects are to be desired, however gains are expected as this equity rallies off of the sector.
News Headlines for CHESAPEAKE ENERGY CP (CHK)
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Chart courtesy of StockCharts.com
Expedia, Inc. (EXPE)
	22.85	+ 0.97 (4.43%)
Support 2	Support 1	Pivot Point	Resistance 1	Resistance 2
21.38	22.12	22.52	23.26	23.66
Expected Short-Term Trading Range: 21.32 – 24.05
Support & Resistance Analysis		Broke Upr Resistance (2)
MACD Analysis		Negative/Increasing		MACD
MACD vs. Signal		Above/Widening		-0.438
RSI Analysis		Bullish Centerline Crossover		RSI
Stochastic (Fast) Analysis		Increasingly Overbought		53.406
50-Day MA Analysis		Below 50-Day MA		%K (fast)
200-Day MA Analysis		Above 200-Day MA		97.101
Critical Level Analysis
Expedia, Inc. (EXPE) Seasonality
Analysis has revealed that with a buy date of March 9 and a sell date of August 24, investors have benefited from a total return of 301.46% over the last 4 years. This scenario has shown positive results in 2 of those periods.
Conversely, the best return over the maximum number of positive periods reveals a buy date of March 9 and a sell date of May 5, producing a total return over the same 4-year range of 262.79% with positive results in 4 of those periods.
The buy and hold return for the past 4 years was 88.08%.
Comments:
This stock benefitted from favorable earnings from competitor Priceline.com that impressed the street by earnings from their online travel booking business. This industry seems to have benefitted nicely over the past year as online travel booking becomes common-place. Fundamental prospects for growth are good and seasonal influences are coming in-line.
News Headlines for Expedia, Inc. (EXPE)
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Chart courtesy of StockCharts.com
priceline.com Incorporated (PCLN)
	232.95	+ 20.08 (9.43%)
Support 2	Support 1	Pivot Point	Resistance 1	Resistance 2
221.81	227.38	231.59	237.16	241.37
Expected Short-Term Trading Range: 200.41 – 221
Support & Resistance Analysis		Broke Upr Resistance (2)
MACD Analysis		Bullish Centreline Crossover		MACD
MACD vs. Signal		Above/Widening		1.498
RSI Analysis		Increasingly Overbought		RSI
Stochastic (Fast) Analysis		Increasingly Overbought		70.345
50-Day MA Analysis		Above 50-Day MA – Crossover		%K (fast)
200-Day MA Analysis		Above 200-Day MA		93.384
Critical Level Analysis		Broke Above Previous Trend
priceline.com Incorporated (PCLN) Seasonality
Analysis has revealed that with a buy date of December 30 and a sell date of June 10, investors have benefited from a total return of 5778.33% 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 February 13 and a sell date of May 5, producing a total return over the same 10-year range of 2399.6% with positive results in 10 of those periods.
The buy and hold return for the past 10 years was -58.13%.
Comments:
This equity blew the street away by its better than expected earnings, and the stock rallied as a result. The company has a history of heavily beating expectations, but the concern now is that the stock has shot up too far, too fast. Although seasonal prospects are present, profit taking expectations give rise to concern that the influences might not take full effect until the short-term rally settles.
News Headlines for priceline.com Incorporated (PCLN)
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Chart courtesy of StockCharts.com
1ST QUANTUM MINLS COM NPV (FM.TO)
	79.57	+ 3.85 (5.08%)
Support 2	Support 1	Pivot Point	Resistance 1	Resistance 2
73.14	76.36	79.01	82.23	84.88
Expected Short-Term Trading Range: 72.63 – 96.19
Support & Resistance Analysis		Broke Upr Resistance (2)
MACD Analysis		Negative/Increasing		MACD
MACD vs. Signal		Bullish MA Crossover		-2.564
RSI Analysis		Below 50		RSI
Stochastic (Fast) Analysis		Neutral		49.901
50-Day MA Analysis		Below 50-Day MA		%K (fast)
200-Day MA Analysis		Above 200-Day MA		78.160
Critical Level Analysis
1ST QUANTUM MINLS COM NPV (FM.TO) Seasonality
Analysis has revealed that with a buy date of November 21 and a sell date of July 25, investors have benefited from a total return of 6401.63% over the last 8 years. This scenario has shown positive results in 7 of those periods.
Conversely, the best return over the maximum number of positive periods reveals a buy date of November 21 and a sell date of May 11, producing a total return over the same 8-year range of 4455.78% with positive results in 8 of those periods.
The buy and hold return for the past 8 years was 2658.08%.
Comments:
If you want a materials play, then here is your candidate. Seasonal and technical prospects are positive, and the price of this stock is poised to breakout. Expected short-term trading range reaches to 96.19.
News Headlines for 1ST QUANTUM MINLS COM NPV (FM.TO)
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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.

Stocks mentioned in this post: ADI, CHK, EXPE, FM.TO, PCLN