Ten Stocks I analyzed for a Hedge Fund

Here is a follow-up to my Blog on August 2nd.  If you look at both side by side you an easily see how this type of analysis can be of great value to people who are trading these ten equities proprietarily, as well as to Portfolio Managers who are making changes in their portfolios. 

 

Booz Allen Hamilton - BAH found support around $31.50 again on August 9th.   This level was also support in mid-June when there was the large sell-off.  There is support around this level because it was resistance in January and December of 2015.  It was also resistance in July and September of 2016.  There is resistance around the $34 level.  It was support in February and April.  Then it was resistance in July and early August. 

 

Littelfuse, Inc. - LFUS has been consolidating between $180 and $185 over the past month.  If the lower side breaks it may gap down to around the $171-172 levels.  These levels will probably be support because they were resistance in May, June, and early July before gapping up. 

 

Matthews International - MATW found resistance around the $66 level in late July and early August.  This level was also resistance in early June.  It will probably be resistance again if it rallies back to that level.

 

MB Financial, Inc. - MBFI is testing support around the $40 level.  It was also support last month and back in April.  There is support here because it was resistance last year in August and early September.  If you are Bullish on the fundamentals of this company, this would probably be a good time to buy it.

 

Corporate Office Properties Trust - OFC has broken the downtrend that began in mid-July after finding support around $32.50.  The levels around $32.50 were support in April, May, and June as well.  If you are Bullish and the fundamentals of this company, this would probably be a good time to buy it.

 

Hexel Corporation - HXL gapped down last month after failing at resistance at the $55 level.  There was resistance there because it was resistance in December, March, and April.  After becoming oversold, it found support around the $50 level.  This level was also the lows in January and May. 

 

Columbia Banking System - COLB has been trading in a well-defined range between resistance around the $41 level and support around the $37 level.  If the $37 level breaks, it could trade down to around the $33.25 level.  This level was well defined resistance in September and October.  The area in between them was gapped up through last November, so that means that there may not be meaningful support there.

 

PolyOne Corporation - POL found support around the $35 level after breaking its downtrend and becoming oversold.  There was support around the $35 level because it was resistance in February. 

 

MSA Safety - MSA gapped lower after breaking support around the $78 level.  This wasn’t surprising because it refilled the levels that it gapped up through in late April.  It is currently trading around levels that were support from last January through April.  If you are Bullish on this company, this would be a good time to buy it.

 

Steelcase - SCS is trading right at support around the $13.50 level.  This level has been support since the middle of June.  Last year, it found support right around the $13 - 13.50 level.  If you are Bullish on the fundamentals of this stock, this would probably be a good time to buy it.