Latest Expert Opinions

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
December 30, 2016

This is a stock he had played earlier in the year, and illustrates his self discipline. He buys a stock on a break out. This one went sideways, and then broke down, so he ended up selling it at around $80, and it continued to drop. Technically it broke his level of support. In his opinion, this is still a falling brick, and there is no reason to try and guess where the bottom is. Until it starts to break out to the upside, he wouldn’t touch it.

Maxar Technologies (MAXR-T)
December 30, 2016

This is a stock he had played earlier in the year, and illustrates his self discipline. He buys a stock on a break out. This one went sideways, and then broke down, so he ended up selling it at around $80, and it continued to drop. Technically it broke his level of support. In his opinion, this is still a falling brick, and there is no reason to try and guess where the bottom is. Until it starts to break out to the upside, he wouldn’t touch it.

Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$66.890
Owned
No
COMMENT
COMMENT
December 30, 2016

This definitely has a base in the $8 range, but looks like it is struggling mightily to stay above that right now, and looks like it might head down to that area again. To him, it is a trading stock. You buy it somewhere near the support level, and probably end up selling it in the low $11 area.

BlackBerry (BB-T)
December 30, 2016

This definitely has a base in the $8 range, but looks like it is struggling mightily to stay above that right now, and looks like it might head down to that area again. To him, it is a trading stock. You buy it somewhere near the support level, and probably end up selling it in the low $11 area.

Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$9.240
Owned
Unknown
COMMENT
COMMENT
December 30, 2016

This broke its downtrend, and now appears to be basing. There are a series of higher lows, but he needs to see a break of around $2.40. If we get a break past $2.30-$2.40, it could be quite positive, because it did break that downtrend.

This broke its downtrend, and now appears to be basing. There are a series of higher lows, but he needs to see a break of around $2.40. If we get a break past $2.30-$2.40, it could be quite positive, because it did break that downtrend.

Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$2.160
Owned
Unknown
HOLD
HOLD
December 30, 2016

This has a choppy looking chart, but there is a little bit of progress. It looked like it had broken down through its somewhat upward slanting trend line. It doesn’t look like a clean stock to buy, but there is definitely some rhythm to it. It appears that whenever it approaches the longer-term trend line, it is a good place to Buy. This could very well get back to that zone of $3-$3.50. It might not be a bad trade.

This has a choppy looking chart, but there is a little bit of progress. It looked like it had broken down through its somewhat upward slanting trend line. It doesn’t look like a clean stock to buy, but there is definitely some rhythm to it. It appears that whenever it approaches the longer-term trend line, it is a good place to Buy. This could very well get back to that zone of $3-$3.50. It might not be a bad trade.

Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$2.230
Owned
Unknown
DON'T BUY
DON'T BUY
December 30, 2016

The chart shows a definite trend of lower highs and lower lows. This is now in a downtrend, and he would not buy it.

Martinrea (MRE-T)
December 30, 2016

The chart shows a definite trend of lower highs and lower lows. This is now in a downtrend, and he would not buy it.

Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$8.590
Owned
Unknown
COMMENT
COMMENT
December 30, 2016

Chart shows a downtrend during 2015 that has been broken, followed by a base. Typically, what happens is that when you get a break, you almost always get a test of that breakout. That is called the neck line. It might come down another $.50-$1 and still be in the safe zone. As a disciplined technical person, you let it test the zone, in this case about $24, make sure it bounces and then you buy it.

Russel Metals (RUS-T)
December 30, 2016

Chart shows a downtrend during 2015 that has been broken, followed by a base. Typically, what happens is that when you get a break, you almost always get a test of that breakout. That is called the neck line. It might come down another $.50-$1 and still be in the safe zone. As a disciplined technical person, you let it test the zone, in this case about $24, make sure it bounces and then you buy it.

Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$25.580
Owned
Unknown
COMMENT
COMMENT
December 30, 2016

Banks have a seasonal peak right around December. The positive thing from a technical perspective, is that this has broken out, and is now trying to pull back to the breakout point. That is all very healthy. It probably won’t have the same kind of lift that it had this month.

Banks have a seasonal peak right around December. The positive thing from a technical perspective, is that this has broken out, and is now trying to pull back to the breakout point. That is all very healthy. It probably won’t have the same kind of lift that it had this month.

Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$109.560
Owned
Unknown