Latest Expert Opinions

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
February 2, 2016

The net trend in the last 6 months has clearly been down. He would want to see a break through the trend line at about $11.50 on some volume. At this point, you don’t buy a falling knife.

KP Tissue Inc (KPT-T)
February 2, 2016

The net trend in the last 6 months has clearly been down. He would want to see a break through the trend line at about $11.50 on some volume. At this point, you don’t buy a falling knife.

Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$11.230
Owned
No
WATCH
WATCH
February 2, 2016

The support level is around $135, and you don’t want to see that break. Chart shows 3 attempts to move up with a return to the neck line, which is a little bit dangerous at this point. Still finding support at around $135, but if you see it break that, you don’t want to be entering this stock.

The support level is around $135, and you don’t want to see that break. Chart shows 3 attempts to move up with a return to the neck line, which is a little bit dangerous at this point. Still finding support at around $135, but if you see it break that, you don’t want to be entering this stock.

Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$136.120
Owned
Unknown
COMMENT
COMMENT
February 2, 2016

From a fundamental point of view, it is a great company. Looking at the bigger picture, it is in an uptrend over most of the past 12-14 months. That is positive. Look for rising highs and rising lows, which this one has. As long as the $13.50-$13.77 holds, it is probably pretty favourable. He doesn’t see anything wrong with this chart.

Aecon Group Inc (ARE-T)
February 2, 2016

From a fundamental point of view, it is a great company. Looking at the bigger picture, it is in an uptrend over most of the past 12-14 months. That is positive. Look for rising highs and rising lows, which this one has. As long as the $13.50-$13.77 holds, it is probably pretty favourable. He doesn’t see anything wrong with this chart.

Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$13.840
Owned
Unknown
DON'T BUY
DON'T BUY
February 2, 2016

A very choppy looking chart. It has an uptrend which has been broken. We are now getting declining highs and declining lows, and that is not good. He would look to see if it finds support at around $5. If it gets there and finds support, and holds it for at least a few weeks, it might be worth trying to catch a bounce, but at this point it is in a downtrend and don’t fight it.

Air Canada (AC-T)
February 2, 2016

A very choppy looking chart. It has an uptrend which has been broken. We are now getting declining highs and declining lows, and that is not good. He would look to see if it finds support at around $5. If it gets there and finds support, and holds it for at least a few weeks, it might be worth trying to catch a bounce, but at this point it is in a downtrend and don’t fight it.

Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$7.100
Owned
Unknown
DON'T BUY
DON'T BUY
February 2, 2016

Caller was surprised to see this go down 20% when the market only went down 10%. That is called Comparative Relative Strength, and is one of the things that technical analysts have to pay attention to. The healthcare sector in general has been an under performer. Was in a big uptrend in the last year, and then fell like a brick. It tried to establish a base late last year, and it broke down again. At this point, he would not Buy the stock. Would like to see it base for a while.

Caller was surprised to see this go down 20% when the market only went down 10%. That is called Comparative Relative Strength, and is one of the things that technical analysts have to pay attention to. The healthcare sector in general has been an under performer. Was in a big uptrend in the last year, and then fell like a brick. It tried to establish a base late last year, and it broke down again. At this point, he would not Buy the stock. Would like to see it base for a while.

Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$39.500
Owned
Unknown
COMMENT
COMMENT
February 2, 2016

Canadian banks in general are very tied to the economy and natural resources. When you are making a bet on the banks, you are making a bet on the Canadian economy. He would say the outlook is mediocre. Chart is showing a series of weaker highs and weaker lows. There is a decent potential for the stock to rally to the top of the trend line in the short term. That is the good news, but he would not initiate a mid to long-term position, but maybe a short-term trade, but maybe not play them until things turn around.

Canadian banks in general are very tied to the economy and natural resources. When you are making a bet on the banks, you are making a bet on the Canadian economy. He would say the outlook is mediocre. Chart is showing a series of weaker highs and weaker lows. There is a decent potential for the stock to rally to the top of the trend line in the short term. That is the good news, but he would not initiate a mid to long-term position, but maybe a short-term trade, but maybe not play them until things turn around.

Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$55.570
Owned
Unknown
DON'T BUY
DON'T BUY
February 2, 2016

Chart shows a rounded bottom running from 2011 to 2014, and then it topped. A classic top with a bunch of peaks, and then it broke the neck line, tested, and then fell further. Since that time it has been pretty much in a downtrend. Until it bases, he wouldn’t touch this.

Alcoa (AA-N)
February 2, 2016

Chart shows a rounded bottom running from 2011 to 2014, and then it topped. A classic top with a bunch of peaks, and then it broke the neck line, tested, and then fell further. Since that time it has been pretty much in a downtrend. Until it bases, he wouldn’t touch this.

Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$6.970
Owned
Unknown