This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Big Stocks to Trade for Gains

BHP Billiton

2012 is already shaping up to be a good year for shareholders of BHP Billiton (BHP) -- the $213 billion resource stock is up more than 13% already year-to-date, making up for much of 2011's poor performance. While this year's rally has been impressive, signs point to additional upside in shares right now.

That's because BHP Billiton is currently forming an ascending triangle bottom, a bullish pattern that indicates a reversal in shares from BHP's October lows. The ascending triangle can be spotted by a horizontal resistance level to the upside (in BHP's case at $85), and uptrending support to the downside. As BHP bounces in between those two technical levels, shares are getting squeezed closer and closer to a breakout above that $85 level. When that breakout happens, buying BHP becomes a high-probability trade.

Adding some assurance to this setup is the fact that momentum, as measured by 14-day RSI, has remained in an uptrend since August's swing lows. When the breakout happens, I'd recommend a protective stop at the 200-day moving average.

BHP Billiton, one of the top-yielding metals and mining stocks, is one of Renaissance Technologies' top holdings.

2 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
BRFS $20.68 0.00%
BHP $51.04 0.00%
CHL $75.00 0.00%
LMT $195.37 0.00%
TU $35.16 0.00%


DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs