5 Big Stocks to Trade for Gains
China Mobile
First up this week is China Mobile (CHL), the world's biggest mobile phone carrier. China Mobile has been having a strong year in 2012, rallying more than 15% year-to-date on the heels of strong fundamental performance. But the gravy train may not be over yet for CHL shareholders thanks to a bullish technical pattern forming in shares.
CHL is currently forming an ascending triangle pattern, a setup that's marked by a horizontal resistance level to the upside, and uptrending support below shares. As shares of CHL bounce in between those two lines, they're getting squeezed closer and closer to a breakout above that resistance level (in this case at $56 and change). A breakout above that resistance line is a buy signal for traders; it indicates that the glut of supply of shares that's caused prices to retreat in the past has been absorbed.
>>3 Tech Stocks to Buy on a Pullback
CHL is a nearly textbook example of an ascending triangle -- not only does it have the requisite combination of horizontal resistance and uptrending support, it also has had declining volume as the pattern progressed. We'll want to see a volume spike when shares break out above resistance. With CHL bumping against resistance this week, traders should be keeping a close eye on this stock today.Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, 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
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
