Dan Fitzpatrick is the publisher of The Stock Market Mentor, an advisory newsletter and educational forum dedicated to teaching effective risk management and trading methodologies to aspiring traders and investors. He is a former hedge fund manager and a member of the Market Technicians Association, and he now trades from his home in San Diego, Calif. While Fitzpatrick holds various securities licenses, he does not give recommendations to buy or sell stocks.
Fitzpatrick graduated from the McGeorge School of Law. He was a fellow at Pacific Legal Foundation, a nonprofit public interest firm specializing in constitutional law, and he also practiced law in the private sector before pursuing trading as a full-time career. Before growing up and getting a real job, he was a professional musician, studio singer and songwriter in Los Angeles.
I remain bearish on this stock.
Tyco is tricky at current levels, but a pullback to this area would be buyable.
Dollar General is in retreat after a June leap above the trendline, so be careful with this one.
Given an embarrassingly high multiple and a soon-expiring lockup, more aggressive selling is likely here.
Use this Alexion pullback as a buying opportunity.