Top Swing Trade – STMicroelectronics (STM)
Picked by: Jon Markman, editor of Trader’s Advantage
Strategy: Capture profits of 15% to 40% in less than 90 days
Volatility is only your enemy if you’re caught on the wrong side of it. The proper swing trade strategy can help you move in and out from
the bottom to the top quickly and not worry about the long-term health of a stock, the market or a broader rally. Right now, signs are pointing to STMicroelectronics (STM)
as a great swing trade in the short term. The company has gotten a lift in late May from the resurgent euro, and shares are trying to stabilize near
recent and February lows. If tech and euro bulls can get a turnaround going, STM will be one of the leaders. Keep a stop loss at $7.50 or
so, but look for shares to push up in the high $9 or even $10 range over the next several weeks — and then take the money and run.3 Must-Own Recovery Stocks Set to Double
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Article printed from InvestorPlace Media, http://investorplace.com/2010/05/top-stocks-to-buy-investment-dps-mrk-bkcc-onp-wbmd-prst-stm/.
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