3 Stocks I Saw on TV (SWN, WYNN, NFLX) (May 25, 2016)
SWN WYNN NFLX CHK SWN
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 pushing the buy button, every morning, to buy the stocks you saw on TV last night. I’m here to help you make money on these 3 stocks I saw on TV.
Okay, here’s the deal, I finished my work a little bit early. I’m sitting there watching TV, just talking to my brother saying, “Dude, I’ll get you the video a soon as I can find 3 stocks that I saw on TV; until then I’ve got nothing.” And then I’m watching Fast Money and I see this little deal with Dominic Chew. He’s talking about short interest, essentially WONDERING, he’s not making a market call, that’s not what he does, whether this rally is really largely based on short covering. So he’s talking about these various stocks, and I’m thinking here’s not 3 but 4 that are totally worth looking at.
First of all Southwestern ( NYSE:SWN ). Option Market Mentor has a covered call on this that’s doing quite well, no danger there. If you look here at the box Southwestern ( NYSE:SWN ), 25 percent of the float is short. This is Telechart 2000 software, their newest version. These dates are correct, they’re from Zachs, this is correct as well. So these are two big data points that you want to look at. Twenty-five percent of the float is short. Oil is moving higher. I think this continues to move.
Now, Wynn ( NASDAQ:WYNN ). Almost 19 percent of the float is short. You could call this a double bottom. Boom! Boom! And then a breakout above this base here. A breakout above the 200-day moving average. Then a sideways consolidation here; look for that kind of move. Wynn ( NASDAQ:WYNN ) works. By the way, 8/3, August is when this company reports earnings.
Now Netflix ( NASDAQ:NFLX ), doesn’t report for a month. Just 9 percent of the float is short, and frankly I listened to that, I’m going, “Okay, 9 percent, yawn.” It doesn’t really get my attention, but I like the chart. I like the fact that this is a higher low from here. You could look and say, “Oh well, resistance can be at the 200-day moving average.” But seriously, it hasn’t been THAT relevant. I would say that I’d be more inclined to look at resistance at about 110.00 or so, just from this last high, than I would to look at the 200-day moving average.
And finally (see it’s 4 Stocks I Saw on TV), Chesapeake ( Netflix ( NASDAQ:NFLX ) ). About 25 percent of the float is short. Higher low relative to this one. This one looks like it’s starting to blastoff as well.
So these are 4 stocks that really work for me. The best of the bunch, in my view, is Southwestern Energy ( NYSE:SWN ), because it’s just coming out of a coiled spring, blasting off.
3 Stocks I Saw on TV Free Chart