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 Huge Trades to Take Now: Must-See Charts

BHP Billiton

BHP Billiton (BHP) is having a good run since June -- shares of the $121 billion mining stock have rallied more than 22% since the start of the summer. But a rally isn't worth talking about; more important than BHP's rally alone, the rally has been orderly. That's what makes this a tradable name right now.

Since June, BHP's rally has been setting up within a channel, bouncing between trendline support to the downside and trendline resistance to the upside. Those two lines give traders a high probability range for this stock's trading, and a handful of optimal entry points for buyers. The best place to be a buyer is after a bounce off of trendline support -- that's because it's the place where risk (the distance from BHP's current price to the spot where the pattern breaks) is minimized.

With shares near resistance now, that means that buyers will have to be a little more patient with this name right now. But that patience should pay off...

Waiting for the bounce to happen is pretty critical. That's because trendlines do eventually break, and when they do, you don't want to be left holding the bag. Waiting for BHP to show that it can still catch a bid at support dramatically increases the chances of a successful trade here.
4 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 $31.34 0.00%
GE $30.75 0.00%
INTC $30.28 0.00%
PX $117.46 0.00%
V $77.24 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs