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 Stocks to Trade for Gains This Week


Shareholders of $75 billion alcoholic beverage stock Diageo (DEO) may want to get a toast to this stock's price setup ready to go. While DEO has been consolidating sideways for the better part of 2013, zoom out a little further and the stock's trading setup looks a whole lot more auspicious. It points to considerable extra upside for shares.

That's because Diageo is currently forming an ascending triangle pattern, a price setup that's formed by horizontal resistance above shares and an uptrending support level below them. Basically, as DEO bounces higher within its trend channel, it's getting squeezed closer and closer to a breakout above resistance. That breakout above the $120 level is our buy signal for this stock.

It's critical to wait for the breakout to be confirmed before piling in -- DEO pushed through $120 earlier this month only to settle back down within the channel. I'd recommend waiting for a close above $120 followed by a consecutive white bar candle open above it before putting cash on this trade. Then, keep a protective stop at the 50-day moving average.
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
ACT $0.00 0.00%
HBC $0.00 0.00%
DEO $108.09 -0.61%
MMC $63.36 -0.30%
SYT $80.90 -0.01%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs