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

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
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
LRCX $77.23 2.18%
NFLX $557.03 0.10%
AAPL $129.71 3.60%
FB $79.42 0.83%
GOOG $539.45 0.39%

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs