There's Street smart...Then there's Wall Street Smart
Today we are looking at Boston Pizza Income Funds (BPF/UN) Looking at this low beta/high yielding stock dose present some risk. so let’s find an entry for this 7% yielder
Looking below I would look for an entry 13.80-13.60 but on a bounce off support. Always remember to be patient and wait for confirmation. Not doing so can cut your hand as this could knife down to the low 12′s
And use a stop just under the recent low once there is a bounce.
George Weston is a food processing and distribution operation. This is a bearish oil play, with oil approaching new highs some good companies have been pushed down to great price points. This is our Free Canadian Stock Pick which is technically anaylized to offer you an informed opinion
As you can see in the chart above anyone who bought in the 65-67 range had a nice return and move up to the 85 area. This is not a short trade and will be held for at least two quarters.
Look for an entry here at support around 66 with a stop around 64 will manage risk to the downside which could go down to 55.
4/20/2011
As you can see we have picked a good entry point which has made this a good trade thus far. We now have the 50DMA coming down to meet us and play as a little resistance
We should see a little pop above $68.00 and retest of that level as if we break the 50DMA
When you’re looking for Dow Jones Index Futures … More Futures Information
In the futures markets or any market for that … More Futures Information
In the any futures market there are several … More Futures Information
