Top 6 Stocks to Buy for December

These large caps are likely to play catch-up into year-end

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Top 6 Stocks to Buy for December

Top Stock to Buy #5 – Teledyne Technologies (TDY)

Teledyne Technologies (TDY) is a provider of sophisticated electronic subsystems and instrumentation for aerospace, military, marine and environmental applications. Management projects that earnings for 2013 will be in the range of $4.64-$4.67, and insiders have been on-balance buyers over the past 12 months. Analysts’ consensus estimates are for earnings per share of $4.65 in 2013 and $5.03 in 2014. The median target for the stock is $100. 

TDY is in a bull channel supported by its 50-day moving average, which is arching up. The stock issued a new MACD buy signal on Nov. 22, is under heavy accumulation, and appears capable of breaking through the bullish resistance at the top of its bull channel. 

The technical target for TDY is $100-plus. Traders should consider a stop-loss at $86.

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Article printed from InvestorPlace Media, http://investorplace.com/2013/11/top-stocks-buy-celg-pg-qcom-sndk-tdy-yhoo/.

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