Watchlist: ACI, RBY, PBPB, STRL, GLUU, SUMR
Arch Coal Inc. (ACI)
ACI put in a higher low based on the daily and weekly chart. A clearly defined double bottom.
6/4/14 – $3.15
7/10/14 – $3.16
7/11/14 – $3.17
A PENNY higher. I believe this is area of support and we are at the bottom.
Coal is not going away any time soon. It’s not a matter of IF ACI will go up, but WHEN.
Rubicon Minerals Corporation (RBY)
RBY completed a bullish engulfing candle on Friday (7/11/14). It is in the middle of an uptrending channel and breaking out to fresh 20 day highs. RBY completed a golden cross (7/9/14). Gold stocks looks ready to move. SAND is also worth a look for a gold play.
RBY has no debt. I’ve been eyeing this stock for a while. Check out this “intensive insider buying” article by a legit Seeking Alpha author that I follow.
Potbelly Corporation (PBPB)
I’m looking at this just from the technical. The fundamentals (revenues and earnings expected to miss expectations) is uninspiring. PBPB has lost a lot of weight lately, down 50% YTD. I’ve been looking at an IPO setup that I noticed. Checkout PSXP, VRNS, VJET (tried it out on VJET, and it worked!)They spiked at the IPO, go down dramatically, consolidate, and break out to the upside. I think PBPB is setting up in a similar way. A bullish engulfing candle on Friday.
Sterling Construction Co. Inc. (STRL)
STRL has been channeling up since mid May. It’s currently at support.
Usually, I’m more into technical, but impressive earnings in mid May. Check out this link
“Gross profit during the quarter was $7.9 million, up an impressive 468%
“As of Mar 31, 2014, total backlog was a record $799 million, up 16.3% sequentially 15.3% year over year increase”
These last two were not my ideas, but I’ve played them based on a newsletter advisory. Worked out quite well.
Glu Mobile, Inc. (GLUU)
GLUU has been on a tear lately. But this it is now above the channel that I based buying it on. Still holding some, but took some profits and waiting for it to come back to the channel. RSI = 80 (Overbought), 34% above 20dma. Quite extended now.
Two words: Kim Kardashian. Two more words: Dino Hunter.
GLUU has several blockbuster hit games on the hot mobile sector. Enough said=)
Summer Infant, Inc. (SUMR)
I usually don’t look for “bull flags” but this looks to be one of those setups. To think of it another way, SUMR “bounces of the 50dma.
SUMR products were featured on the Ellen DeGeneres show, big catalyst . As a “real world” example, one of the SUMR products is number five on the Amazon bestsellers in the baby category as of 07/12/14.