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 March Gains

BHP Billiton

So far, this year's been par for the course for shareholders of $123 billion mining stock BHP Billiton (BHP). Shares have climbed around 8.8% so far this year, strong performance that essentially mirrors the gains we're seeing in the broad market.

But BHP could be on the verge of a bigger move in March. Here's why.

Right now, BHP is forming an ascending triangle setup with resistance at $83. An ascending triangle is a bullish price pattern that can be spotted by a horizontal resistance level acting as a "price ceiling" for shares, with uptrending support below; a breakout above that $83 resistance level sends a strong buy signal for shares of BHP.

>>5 Energy Stocks Funds Love Right Now

Typically, the ascending triangle pattern is a continuation pattern (that is, it occurs in the process of an uptrend). In this case, though, BHP is forming an ascending triangle at the bottom of a downtrend. Despite the different positioning, the trading implications are exactly the same for this setup.

Adding to our confidence in this setup is the fact that momentum, as measured by 14-day RSI, has been locked in a solid uptrend since August. Since momentum is a leading indicator of price, that's added assurance that we'll see that test of $83. Until it happens, there isn't a high-probability trade in BHP.

One big bet on BHP Billiton comes from Ken Fisher's Fisher Investments, which held 6.1 million shares of the stock as of the most recently reported quarter.

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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
BHP $27.66 0.13%
CHL $56.47 0.21%
GS $159.59 -0.30%
VTR $65.85 0.61%
UL $44.90 0.16%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs