Stock Trading Predictions & Technical Analysis: AGU - Stock Moving Up Despite Negative Market Momentum

Wednesday, February 10, 2010

AGU - Stock Moving Up Despite Negative Market Momentum

AGU - BUY SIGNAL

I haven't been writing too many analysis lately, simply because the market in general is still trending in a major down trend. With that being said I feel very reluctant to giving BUY SIGNALS as most stocks are showing signs of weakness, trending down and giving SELL SIGNALS. However, I did decide to start looking for stocks today who are moving up or holding on to their current levels despite the market's weakness. One stock which has given us a BUY SIGNAL today is AGU, which crossed up over its 50 day MA today. The MACD, which I usually consider a very reliable indicator has also given us a BUY SIGNAL today. AGU is now actually trending up, while most other stocks in the market are either trading sideways or in a down trend. I still would be very careful before taking any long positions as the market is still trending down. However, if the market does continue lower, one stock you may expect to hold up or not lose too much ground is AGU. Remember that when a stock breaks over one of its moving averages, it is preferable to wait a day or two to see if the stock manages to hold up above it and not reverse back down. AGU's next resistance levels are around $64.30, $68.00, and $70.00.

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TECHNICAL INDICATORS

BUY SIGNAL: Indicates the possibility of the start of a new up trend or the continuation of the current up trend. This signal may be often given in the early stages of a potential new up trend that was preceded by a down or sideways trend. Such signals do not always succeed and may fail at time.

BUY: Indicates that the current up trend is already in motion and a BUY SIGNAL was already given earlier. A BUY does not necessarily indicate that the stock will continue higher from here, but simply that the stock is trending up. The further into the trend you decide to take a long position, the more risk you have of seeing it reverse back down sooner rather than later.

STRONG BUY SIGNAL: Indicates a stronger, more significant and reliable signal than a BUY SIGNAL which usually has less chance of failing. Such signals do not always succeed and may fail at time.

STRONG BUY: Indicates that the current up trend is already in motion and that STRONG BUY SIGNAL was already given.

SELL SIGNAL: Indicates the possibility of the start of a new down trend or the continuation of the current down trend. This signal may be often given in the early stages of a potential new down trend that was preceded by an up or sideways trend. Such signals do not always succeed and may fail at time.

SELL: Indicates that the current down trend is already in motion and a SELL SIGNAL was already given earlier. A SELL does not necessarily indicate that the stock will continue lower from here, but simply that the stock is trending down. The further into the trend you decide to sell a position, the more risk you have of seeing it reverse back up.

STRONG SELL SIGNAL: Indicates a stronger, more significant and reliable signal than a SELL SIGNAL which usually has less chance of failing. Such signals do not always succeed and may fail at time.

STRONG SELL: Indicates that the current down trend is already in motion and that STRONG SELL SIGNAL was already given.

HOLD: Indicates that traders who already hold this stock, should hold on as long as the trend persists. This signal is usually given during an up trend for which it would be considered too risky to take a long position at this point.

STRONG HOLD: Indicates that the current trend has been in motion for a while and rarely deviated away from the trend. Although the stock may continue higher, there may not be enough potential up side to trigger a BUY SIGNAL. This type of indicator usually means that the stock has very strong support levels which may have been tested but not broken.

WAIT: Usually given during a sideways trend for which we are waiting for a move that would trigger a BUY SIGNAL or SELL SIGNAL. This could also indicate uncertainty and the risk that would be taken if you were to take a long position at the current level. Taking a long position after giving a WAIT indicator is considered a gamble.