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 Trades to Take as Stocks Soar in May

Mizuho Financial Group

It's been a good year for large-cap Japanese bank Mizuho Financial Group ( MFG). Shares of the bank have rallied more than 18% year-to-date and more than 36% in the last six months. Now the pattern that's been forming in shares for most of 2013 points to even more upside for shareholders of MFG.

>>5 Stocks Set to Soar on Bullish Earnings

That's because Mizuho is currently forming an inverse head and shoulders pattern. The setup, which indicates exhaustion among sellers, is formed by two swing lows that bottom out around the same level (the shoulders), separated by a bigger trough called the head; the buy signal comes on the breakdown above the pattern's "neckline" level, currently right at $4.50.

Even though the setup in MFG isn't exactly textbook -- inverse head and shoulders patterns typically occur at the bottom of a downtrend, not the top of an uptrend -- the trading implications are exactly the same. When the sellers sitting atop $4.50 get taken out, it makes sense to be a buyer. Keep a protective stop just below the right shoulder at $4.20.
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
RUK $0.00 0.00%
CAG $41.65 0.10%
LUX $66.20 0.90%
MFG $4.08 -1.45%
VMW $60.45 0.83%


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs