Survivor portfolio gets an energy boost
I'm trimming some losers and buying some solar.
- Fastenal (FAST)
- Large Cao 3x Bull ETF (BGU)
- Small Cap 3X Bull ETF (TNA)
I replaced them with a solar energy play, Trina Solar Limited (TSL).
Everyone seems to want to get on the alternative energy bandwagon, so here is your chance. TSL is currently one of the few private manufactures who have developed a vertically integrated business model from the production of monocrystalline ingots, wafers and cells to the assembly of high-quality modules. They have reached long-term partnerships with technology suppliers in Switzerland, Italy and Germany, which provide the technology for their production facilities in China.
Their recommendations have caused a price movement of 23.22% last month and the stock hit new highs in 5 of the last 5 trading sessions. Barchart has a 100% short term technical buy signal and an overall 64% buy signal. Their Trend Spotter also signals buy.
I'm adding this stock to Wall Street Survivor portfolio but because of its recent price movement would advise a tight stop loss at the 50 day moving average of 18.87. Buying points:
- 100% Barchart short term technical buy signal
- Gained 23.22% last month and hit new highs in 5 of the last 5 trading sessions
- Wall Street recommendations based on stellar sales and earnings projections
- Large and positive investor sentiment
Disclosure: No positions in the stock mentioned at the time of publication
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Stocks drift lower and bonds are hit as investors await the Fed. Prepare for higher volatility this week.
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