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


Last, but certainly not least, is Apple (AAPL - Get Report). The tech giant has been the stock everyone loves to hate in the last six months and change, but early signs show that the selloff could finally be coming to an end.

Apple's selling hasn't quite been the panicked frenzy to unload shares that many investors feel it has. Instead, the decline in Apple's share price has actually been pretty orderly. Shares have been held lower by a strong trend line resistance level since late September, but this week's breakout above resistance is signaling a change in trend.

Since the 50-day moving average has been a pretty good proxy for resistance since October, I'd still recommend waiting to see a move above the 50-day before putting cash back into this stock. The higher confirmation level will mean ceding a few points of possible gains, but it'll also dramatically reduce the risks of getting caught in a bull trap. Momentum, measured by 14-day RSI, is adding some extra confidence to a bullish signal in AAPL -- it broke its own long-term downtrend last week.

If you're looking for a bargain entry in Apple, a move through the 50-day is a reasonable way to get in with minimized risk. Just be sure to keep a tight stop in place if you don't want to own shares longer-term.

To see this week's trades in action, check out this week's Must-See Charts portfolio on Stockpickr.

-- Written by Jonas Elmerraji in Baltimore.


Follow Stockpickr on Twitter and become a fan on Facebook.

At the time of publication, author had no positions in stocks mentioned.

Jonas Elmerraji, CMT, is a senior market analyst at Agora Financial in Baltimore and a contributor to
TheStreet . Before that, he managed a portfolio of stocks for an investment advisory returned 15% in 2008. He has been featured in Forbes , Investor's Business Daily , and on Jonas holds a degree in financial economics from UMBC and the Chartered Market Technician designation.
6 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
AAPL $118.03 -0.71%
BRK.B $135.13 -0.30%
CMG $580.83 0.53%
CHA $50.19 -2.13%
DEO $115.90 0.84%


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs