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DigitalDisco (90.67)

Weekly Watchlist



July 30, 2013 – Comments (0) | RELATED TICKERS: MTZ , GMCR.DL , EPL.DL

From an industry standpoint a lot of tasty industries got too hot last week and priced themselves outside of my criteria.  I simply can't convince myself that biotechs are in anything other than an uptrend anymore.  IT services is probably going to continue its downward trend but it's presently at the peak of a wave and could potentially push higher.  Not hugely attractive but not wretched.  Oil and gas production and exploration still looks like a nice bottom over the past 3 months providing a bunch of opportunity.  The package food sector has formed a nice sideways battern after a lengthy run up, providing opportunity for a move either up or down.  Lastly, the construction and engineering sector has been in a pretty solid sideways trend for around 4 months now and is long overdue for a move either up or down.

MasTec (MTZ) - I'm cheating a little bit since I should have done this over the weekend so I have an additional day of insight but it wouldn't change my watchlist.  MTZ is right above its 30 day SMA and appears to be bottoming out in both the MACD histogram and stochastic indicators, making me think that it could throw some clear buy signals by the end of this week.  I'm not going to put myself on the hook for this one since it's not presently showing me a good buy opportunity.  When it does show a buy signal it will have some upside as the PEG ratio currently sits at .78.

Green Mountain Coffee Roasters, Inc (GMCR) - Again, this one is dancing around its 30 day SMA but it has buy indicators from both the MACD and stochastic metrics.  While I tend to stay away from stocks with PEG ratios above 1, GMCR is one that will trade heavily on momentum and so I'm not instantly warned off by its 1.33.   

EPL Oil & Gas, Inc (EPL) - This guy again.  It's still moving sideways and showing resistance around the $32.50 range that it has tested twice.  Regardless, it continues to show strong upward-indicating activity as both MACD and stochastic metrics either stay high or rebound quickly and are presently both showing in the buy realm.  It is a little more off of its 30 day SMA than I typically like but I don't hate it at this price.

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