This Day On The Street
Continue to site right-arrow
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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Top Swing Trade Ideas for Monday, Aug. 18: Advantage Oil & Gas, Lam Research, More

NEW YORK (TheStreet) -- Good day, traders!

Monday's top swing picks are Advantage Oil & Gas (AAV) , Lam Research (LRCX - Get Report) and Netflix (NFLX - Get Report) .

Read More: Warren Buffett's Top 10 Dividend Stocks

1. First, lets look at Advantage Oil & Gas, which acquires, exploits, develops and produces oil and gas in the provinces of Alberta and Saskatchewan, Canada.

Advantage traded up 5.4% on Friday, closing at $5.65.

  • Friday's range: $5.43 - $5.74
  • 52-week range: $3.47 - $7.23
  • Friday's volume: 900,660
  • Three-month average volume: 397,283

Advantage looks good as there has been a bottom forming for the last couple weeks at the $5.30 level. On Friday, shares traded over a near-term resistance level with almost triple the average volume. Advantage is down 21% from it's 52-week high, which was reached back in June. Now, it appears that the bulls are back in charge and will drive shares back to the top. Friday's trading caused the two-day exponential moving average to cross over the t-line, and the t-line over the 20-day simple moving average. This is a clear bullish move.

I'd look for an entry within Friday's trading range, between $5.43 - $5.74. I'd set my stop at the bottom that was established over the last few weeks, at $5.30. A break below that level would confirm the continued downturn. I would target the 52-week high of $7.23 ultimately. That said, there is overhead resistance at $6.31 and $6.66, so watch for a sell signal at those levels.

Stay long until you see a confirmed sell signal or a close below the t-line.

Read More: Dollar General's Bid for Family Dollar Fails to Impress

1 of 3

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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

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
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
LRCX $80.87 -1.12%
NFLX $469.77 -1.04%
AAPL $128.54 -0.63%
FB $80.90 1.63%
GOOG $573.37 -0.05%

Markets

DOW 18,096.90 -106.47 -0.58%
S&P 500 2,098.53 -9.25 -0.44%
NASDAQ 4,967.1410 -12.76 -0.26%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs