Two Promising Charts
I'm not a big fan of chasing big strength, and this has been one strong market. When it comes to earnings, though, I'd rather play a chart with promise than one that is completely broken, which led me to two names today: Oplink Communications (OPLK) and Marvell Technology (MRVL). I am not stranger to either name as I've owned or traded both in the past. MRVL has worked out well for me, especially buying weakness, whereas OPLK has been a challenge due to the multiyear hibernation in the optical sector; however, the results from JDS Uniphase (JDSU) give me some hope there.
Oplink Communications (OPLK) Source: StockCharts.com View Chart » View in New Window » ...287 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.