This Day On The Street
Continue to site
ADVERTISEMENT
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

4 Hot Stocks to Trade (or Not)

J.M. Smucker

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Nearest Resistance: $102
Nearest Support: $96
Catalyst: Revenue, Guidance Miss

>>5 Defensive Stocks to Protect Your Portfolio Gains

Despite beating analysts' earnings numbers for their fiscal fourth quarter, J.M. Smucker ( SJM) is getting sold off today, thanks in large part to a revenue miss due to declining prices for the foods that Smucker sells. That revenue miss is enough to shove SJM down almost 5% over the course of today's trading, breaking through an important support level at $102.

Smucker had been consolidating sideways in a rectangle pattern with resistance at $104 and support at $102, but today's break of the lower boundary of the pattern looks bearish. Luckily for SJM investors, shares appear to have already reached their price objective for the breakdown, but I'd be skeptical of this stock's trading for the next few sessions. There's been a lot of profit-taking today, and there's no sign of just how many weak hands are still in this stock. I'd recommend waiting for a more meaningful support level to get established before jumping in.
4 of 5

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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
ALU $3.25 -2.40%
PAY $29.58 -4.73%
SJM $115.61 -1.09%
VRA $13.95 0.07%
AAPL $109.27 -1.00%

Markets

Chart of I:DJI
DOW 16,102.38 -272.38 -1.66%
S&P 500 1,921.22 -29.91 -1.53%
NASDAQ 4,683.9190 -49.5780 -1.05%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs