2 stocks that I found from MarketClub screener that made me decent profits this week were GMCR and DNN. I bought GMCR on Monday and DNN on Thursday, I got the signal a little bit late when I found them so missed out some of the profits. Anyway, let’s analyze the 2 stocks.
GMCR Quick Analysis
GMCR – Green Mountain Coffee Roasters Inc listed on NASDAQ.
GMCR – Sector: Consumer/Non-Cyclical, Industry: Food Processing.
GMCR gain 4.85% on 11/26/10 and a toal percentage of 7.58% in the past 2 days
GMCR is trading in the range of $29.02 – $37.69 in the past 30 days.
Average True Range (Atr) is bullish for GMCR.
Commodity Channel Index (CCI) is bullish for GMCR.
Money Flow Index (MFI) is bullish and moving up for GMCR.
Relative Strength Index (RSI) is bullish and moving up for GMCR.
The 10-day simple moving average is bullish and moving up for GMCR.
GMCR formed a bullish Upper Bollinger Band Crossover signal.
Average volume decrease over 5% for GMCR.
Stock performance base on day of week in the past 90 days.
Monday: 24.33%
Tuesday: 11.41%
Wednesday: -3.53%
Thursday: -2.83%
Friday: -3.79%
Here’s how the stock performs on Mondays since 7/19/2010
Symbol Date Percent Gained
GMCR 2010-11-22 18.24
GMCR 2010-11-15 -0.22
GMCR 2010-11-08 -0.66
GMCR 2010-11-01 2.09
GMCR 2010-10-25 0.99
GMCR 2010-10-18 1.27
GMCR 2010-10-11 -0.41
GMCR 2010-10-04 -3.92
GMCR 2010-09-27 3.67
GMCR 2010-09-20 1.52
GMCR 2010-09-13 3.07
GMCR 2010-08-30 -1.31
GMCR 2010-08-23 0.89
GMCR 2010-08-16 4.43
GMCR 2010-08-09 3.97
GMCR 2010-08-02 -1.40
GMCR 2010-07-26 0.78
GMCR 2010-07-19 2.26
My Opinion on the stock
The stock is very bullish however I would be really cautious on this one for 2 things.
1. Stochastic is in the overbought area
2. Stock approaching resistance level at $37.97
Next Monday will be an important day for GMCR, if it breaks through the resistance level then I would continue to hold the stock and move my stop loss higher. If the stock pull back, I would sell it.
DNN Stock Analysis
DNN – Denison Mines Corp listed on AMEX.
DNN – Sector: Basic Materials, Industry: Metal Mining.
DNN gain 7.82% on 11/26/10 and a toal percentage of 26.29% in the past 2 days
DNN is trading in the range of $1.95 – $3.31 in the past 30 days.
DNN formed a bullish Gap Up signal.
DNN formed a Bullish Macd Crossover signal.
Money Flow Index (MFI) is bullish and moving up for DNN.
Relative Strength Index (RSI) is bullish and moving up for DNN.
The 10-day simple moving average is bullish and moving up for DNN.
Average volume increase over 10% for DNN.
Stock performance base on day of week in the past 90 days.
Monday: 30.60%
Tuesday: -3.52%
Wednesday: 52.72%
Thursday: -11.37%
Friday: 22.92%
My Opinion on the stock
I already sold the stock for a nice profit. The stock is making a higher high, holding it seems to be a little risky for me. The stock could go either way, and I think the probability of it going higher is not much bigger than it going lower and that was why I sold it.
