Tuesday, August 11, 2015

Stocks To Watch: RSYS, VRNG, INTC

RadiSys Corporation (NASDAQ:RSYS) is poised to break out of a cup with handle pattern it's been in since June. A break above 3 would lead to next targets in the 3.65 and then 3.80 area.

Vringo, Inc. (NASDAQ:VRNG) has been pulling back with lower volume after a big surge in price in July. Might be worth watching for a new move to the upside.

Intel Corporation (NASDAQ:INTC) breaking out of a descending channel. Low volume but technicals look good.

Ellis Martin Report with Dudley Baker Point Counterpoint

Legendary Investor Ross Beatty Says Gold Will Soar by at Least 81%

Gold ripped higher today.
It had its best day in over a month, gaining as much as $11 before closing at about $1,103/oz.
Regular readers know that gold has been struggling. It gained 628% in a huge bull market from 2001-2011. Now, it’s down 42% from its all-time high. It dropped 17% in the past year alone.
But legendary resource investor Ross Beaty likes gold at today’s prices…
If you don’t know the name, Beaty is one of the most successful resource entrepreneurs of the last 25 years.  (more)

Ameriprise Financial, Inc. (NYSE: AMP)

Ameriprise Financial, Inc., through its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. The company’s Advice & Wealth Management segment provides financial planning and advice, as well as full-service brokerage services primarily to retail clients through its advisors. Its Asset Management segment offers investment advice and investment products to retail, high net worth, and institutional clients through unaffiliated third party financial institutions and institutional sales force. The company’s Annuities segment provides variable and fixed annuity products to individual clients through affiliated and unaffiliated advisors, and financial institutions. Its Protection segment offers various products to address the protection and risk management needs of retail clients, including life, disability income, and property casualty insurance through advisors and affinity relationships.
Take a look at the 1-year chart of Ameriprise (NYSE: AMP) with the added notations:
1-year chart of Ameriprise (NYSE: AMP)
AMP has been trading mostly sideways for all of 2015. Along the way, the stock has found support at $120 (green) several times. Now that the stock appears to be falling back down to that support level again, traders could expect some sort of bounce. However, if the $120 support were to break, lower prices should follow.

The Tale of the Tape: AMP has an important level of support at $120. A trader could enter a long position at $120 with a stop placed under the level. If the stock were to break below the support a short position could be entered instead.

Gold Speculators Add To Bullish Net Positions For First Time In 6 Weeks

Gold - COT Futures Sentiment
Gold speculative positions rose last week
GOLD Non-Commercial Positions:

Gold speculator and large futures traders added to their gold bullish positions last week following five weeks of decline, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. (more)