5 Big Stocks to Trade for Gains
Ambev
Beer giant Ambev (ABV) is another stock that's forming an ascending triangle setup right now. The company, which weighs in as the biggest beer brewer in Latin America, has had an impressive rally of its own in 2012: shares have climbed around 16% since the first trading day in January. For ABV, the resistance level to watch is $44.
Like with CHL, Ambev has some other factors that add to the strength of this pattern. The first is volume; trading has been slowly declining since the pattern initiated in late March. The second is momentum, as measured by 14-day RSI; momentum has been in a steady uptrend since late November 2011 -- the fact that the RSI line is as of yet unbroken tells us that prices are still climbing at an increasing rate, a good sign for a bullish breakout.
>>12 Highest-Rated Consumer Stocks From S&P
Since the start of the year, the 50-day moving average has been acting as a good proxy for support; for that reason, I'd recommend putting a protective stop just under that price if you decide to take this trade.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
