Date Bought: Dec 22, 2010
Price: $9.16
Quantity: 8,100
Reason Bought:
I have recently transferred some of my capital in Cisco to Supervalu. Although I believe that Cisco is a very lovely stock in the long term, I believe that short term gain for Supervalu is at least 10x more higher and faster than Cisco. All technical indicators are pointing to a strong buy. The stochastic indicator show that the blue line is above the red line and it is continuing this pattern strongly. As per MACD, both the histogram and the MACD line show strong positive signal that this stock will continue its upward move. The downtrend line has been convincingly broken and it is going up strongly with a small gap on the upside. The only negative indicator that I notice is that it is currently at the upper side of the Bollinger Band which might show a bit of overbought position. However, I believe it does not matter much as long as the Stochastic and MACD indicator remain very strong. For the long and short term, I am very bullish on this stock and I believe that a 10% gain is inevitable. I believe strongly that I will make at least $10K for this trade which make it a perfect gift for my Christmas present. Although, I agreed with a visitor comment on my chat box "gordon: noone's analysis is 100% correct", however, I believe that with my vast experience and technical skills that I have mastered for a very long time, the odd is definitely on my side.So the Christmas Present of $899 from Supervalu Inc is not entirely true, it should be $10K present for me instead. Now that I have made my trade on this stock, I can only hope and pray!
Some recent positive news on Supervalu Inc are as follow:
Some recent positive news on Supervalu Inc are as follow:
Analyst gives Supervalu a boost
Grocer beset by gloomy forecasts
By Tom Webb
twebb@pioneerpress.com
Updated: 12/22/2010 09:46:22 PM CST
Dismissed by Wall Street and bloodied by short-sellers, Supervalu finally got a little love Wednesday: An analyst upgraded the battered stock to a buy.
That breaks a streak of downbeat news for the Eden Prairie-based grocery giant, whose share price has plunged into the single digits, nearly 50 percent off its 2010 high. The Wall Street Journal recently reported that Supervalu held a unique distinction: It was the least-recommended stock in the SP 500, based on analysts' evaluations.
But now, analyst Ajay Jain of Hapoalim Securities has broken from the pack. Sort of.
"It's not like I'm unaware of the issues that the company is facing," Jain said Wednesday. But now he sees shares so cheap — they closed Tuesday at $8.85 — that "we thought that the risk/reward looked a little better."
On Wednesday, the upgrade got noticed. Shares rose nearly 5 percent to $9.26.
Supervalu's "issues" still remain: a huge debt load from its 2006 acquisition of the Albertson's grocery empire, competition from nonunion grocers like Wal-Mart and Target and its position as a supermarket company as consumers shift away from traditional supermarkets.
Yet, it remains a giant: $40 billion in annual revenue, with 2,300 stores holding strong market shares in a dozen U.S. communities, including the Cub Foods chain in the Twin Cities. On the Fortune 500 list of America's largest corporations, Supervalu ranked No. 47. (That was ahead of Apple, Walt Disney and Intel.)
But after watching it lose market share and money, many investors have lost faith in Supervalu. The company trades for only six times next year's projected earnings. That has fueled a round of rumors that private-equity buyers may be circling, looking to pounce on a company with a market capitalization of $2 billion.
Jain said his upgrade was "purely a valuation call" and not based on any possible takeover buzz. "That kind of speculation is bound to result in disappointment," Jain said.
Tom Webb can be reached at 651-228-5428.
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Red's Bull Trade Alert: SUPERVALU (NYSE:SVU)
Submitted by RedRoadMaster on December 22, 2010 - 10:06pm
Red's Bull Trade Alert: SUPERVALU (NYSE:SVU)
23 December 2010
LTN's Pattern Recognition Analyst, Paul A. Ebeling, Jnr, ID'd the start of a New Bullish Trend for SUPERVALU.
Shares of SUPERVALU gained 0.41 (4.63%) to 9.26.
The stock closed at 8.85 Tuesday and opened Wednesday at 8.98.
SVU's daily range was 8.96 and 9.37 on the Day.
Volume: 7,118,404/shrs is greater than average 90 day volume of 5,995,130/shrs.
My Technical indicators augur Bullish price movement in here.
SVU is trading below its 50 Day Moving Average and below its 200 Day Moving Average, its 52 week low is 8.20 and 52 week high is 17.89, the P/E is N/A, the EPS is - 5.66 and the Div & Yield is 0.35 (4.00%).
Disclaimer: The material presented in this commentary is provided for informational purposes only and is based upon information that is considered to be reliable. Neither Ebeling-Heffernan, www.livetradingnews.com nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither Ebeling-Heffernan, www.livetradingnews.com nor its affiliates are responsible for any errors or for results obtained from the use of this information. This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities or other financial instruments mentioned in this material are not suitable for all investors. Any opinions expressed herein are given in Good Faith, are subject to change without notice. Before acting on any information contained on the website, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.
LTN's Pattern Recognition Analyst, Paul A. Ebeling, Jnr, ID'd the start of a New Bullish Trend for SUPERVALU.
Shares of SUPERVALU gained 0.41 (4.63%) to 9.26.
The stock closed at 8.85 Tuesday and opened Wednesday at 8.98.
SVU's daily range was 8.96 and 9.37 on the Day.
Volume: 7,118,404/shrs is greater than average 90 day volume of 5,995,130/shrs.
My Technical indicators augur Bullish price movement in here.
SVU is trading below its 50 Day Moving Average and below its 200 Day Moving Average, its 52 week low is 8.20 and 52 week high is 17.89, the P/E is N/A, the EPS is - 5.66 and the Div & Yield is 0.35 (4.00%).
Analysis | Overall | Short | Intermediate | Long |
Neutral (-0.16) | Neutral (0.03) | Neutral (-0.01) | Very Bearish (-0.50) |
Recent CandleStick Analysis Bearish |
Date | Candle |
20 Dec 2010 | Bearish Engulfing |
17 Dec 2010 | DOJI |
Open Gaps |
Direction | Date | Range |
Up | 22 Dec 2010 | 8.89 to 8.96 |
Down | 19 Oct 2010 | 12.2 to 11.5 |
Support and Resistance |
Type | Value | Conf. |
resist. | 12.40 | 2 |
resist. | 11.84 | 6 |
resist. | 11.50 | 5 |
resist. | 11.05 | 8 |
resist. | 10.83 | 6 |
resist. | 10.37 | 2 |
resist. | 10.21 | 4 |
resist. | 9.88 | 2 |
resist. | 9.72 | 3 |
supp | 8.88 | 6 |
supp | 8.33 | 5 |
Disclaimer: The material presented in this commentary is provided for informational purposes only and is based upon information that is considered to be reliable. Neither Ebeling-Heffernan, www.livetradingnews.com nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither Ebeling-Heffernan, www.livetradingnews.com nor its affiliates are responsible for any errors or for results obtained from the use of this information. This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities or other financial instruments mentioned in this material are not suitable for all investors. Any opinions expressed herein are given in Good Faith, are subject to change without notice. Before acting on any information contained on the website, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.
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