3 Stocks I Saw on TV (NRG, FLS, FMC) (May 23, 2016)
NRG FLS EMC
Every night we watch the same shows, Fast Money and Mad Money, and we want to USE those ideas the grow OUR money. Well good trading takes more than just punching the buy button, the next morning, to get the stocks you saw on TV last night. I’m here to help you make money on THESE 3 stocks I saw on TV. We’re going to look at some stocks that Cramer covered on Mad Money, where he says the charts look pretty good. I think they look pretty good too.
First is Energy, NRG Energy ( NYSE:NRG ), but then I repeat myself. A 3 percent dividend yield, but the cool thing is you’ve also got some capital gains going here. In other words, the stock price is moving higher. You look at the weekly chart, you can see this has been in a downtrend for a long time. A nice breakout here, it would have been nice to buy it at 9.00. But if that was the case I wouldn’t be doing this now, would I? So we’re up above the 200-day moving average and it’s just kind of starting to get going. Here’s really how you trade this stock: You don’t really trade it, you just buy it. It’s not a real compelling dividend, it’s not enough to buy the stock. But it’s in a good sector, the utility sector. As long as we don’t have a Mad Max syndrome, people are still going to be using their electrical stuff. Anyway, as long as the stock stays above the 20-day moving average you’re good. If the stock happens to pullback to the 50-day moving average, that is kind of a tell that maybe there’s a problem. Frankly, I don’t see that happening. This trend looks like it’s just starting to get going. It’s been trading sideways on lower volume. I would just say it’s fine to take a position in this stock, it’s not going to move a lot. But over time, owning a utility company, it works; it works just fine.
The next one we’re going to look at is Flowserve ( NYSE:FLS ). This is another company that Cramer likes. I like the chart because you can see it’s a little bit similar with NRG ( NYSE:NRG ). A breakout above the 200, a pullback to test. We get the crossover here, the 50 crosses over the 200. Higher high, a pullback. So we’ve basically got got this series of higher lows and higher highs still, and this is at a good buy points. So you go ahead and take this stock right now. Set a stop either below 44.00 or maybe more appropriately just a little below this 200-day moving average, and you’re good to go.
And then the last one we’re going to look at here is FMC Corp ( NYSE:FMC ), Chemical Corp, basic materials. Resistance right around $48.00. This is a little flag pattern here. The stock is trading sideways, it’s been trading sideways for a while. Breakout, channel here, between, I’ll say, 46.00 and 49.00, something like that. So a breakout above 49.00 starts this up on the next leg. That’s when I would look to buy it. A breakout above 49.00 and you’re good to go.
3 Stocks I Saw on TV Free Chart