• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Doug Kass
    • Bruce Kamich
    • Jim Cramer
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • Trifecta Stocks
  1. Home
  2. / Investing
  3. / Transportation

Virgin America May Finally Be Ready to Leave the Gate (Plus: PE, GE, CPE, ACHN)

We would look to go long VA on a $39 buy-stop using a $34 sell-stop. 
By BRUCE KAMICH
Nov 17, 2015 | 12:15 PM EST
Stocks quotes in this article: PE, GE, CPE, ACHN

The Virgin name can be found on a host of businesses, but the chart of Virgin America (VA) has our attention this morning with a saucer bottom on the chart below.

The above chart of VA shows a rising On-Balance-Volume (OBV) line from the July price low. VA is above the 50-day and 200-day moving averages. The slope of the 50-day average is positive/bullish and the slope of the 200-day is flat but could soon turn up. 

We would look to go long VA on a $39 buy-stop using a $34 sell-stop. 


Nov. 17, 2015 | 11:30 AM

Parsley Energy's Chart Shows Much Promise

  • Traders could go long the shares on strength.

Parsley Energy (PE) has put in a nice base pattern and is poised to move higher.

This chart of PE, above, shows a bullish set up with PE over the rising 50-day and 200-day moving averages. The On-Balance-Volume (OBV) line is steady and the Moving Average Convergence Divergence (MACD) oscillator is positive. Traders could go long with PE here on strength. A sell-stop below $18 should work to control risk and we have price targets for PE in the $25 to $26 area. 


Nov. 17, 2015 | 10:30 AM

U.S. Staple GE Continues to Lead the Way 

  • Traders could consider adding to long positions at current levels.

General Electric (GE) has been in the Dow Industrial since day one. Sometimes it has shown leadership qualities and sometimes not. Last time we covered GE we had positive things to say and now we want to reinforce that. 

In this chart of GE, above, we can see a bullish and strong On-Balance-Volume (OBV) line. Note the heavier level of trading volume so far in November. Also, you can see the bullish crossover of the 50-day and 200-day moving averages with both of these trend following measures rising.

The bottom line is GE is doing things right, on the chart at least, and traders could consider adding to long positions at current levels.


Nov. 17, 2015 | 9:45 AM

Calling on Callon Petroleum to Go Long

  • Traders could consider going long CPE here and adding to longs on a close above $9.50.

Drilling down, we found the chart of Callon Petroleum (CPE) interesting with a bullish short-term and long-term picture. 

In this short-term view of CPE, above, we can see that it made a low in late July. CPE has made higher lows with the same highs in the $9.00 to $9.50 area. Prices are above the 50-day and 200-day simple moving averages, and both averages are trending up.

This chart, above, shows CPE above the 40-week average and a strongly rising On-Balance-Volume (OBV) line with a positive Moving Average Convergence Divergence (MACD) oscillator.

This long-term chart of CPE, above, shows a seven-year base for CPE with a strongly rising OBV line. A breakout over $12 will complete the formation and signal what should be a significant markup.

Traders could consider going long CPE here and adding to longs on a close above $9.50. Use a sell-stop below $8. 


Nov. 17, 2015 | 8:54 AM

Achillion Pharmaceuticals Has Potential 40% Upside

  • We like the long side of ACHN.

It's not a household name with ads on television for its latest potential blockbuster drug, but Achillion Pharmaceuticals (ACHN) turned to the upside last month and looks attractive now from the long side.

In this first chart of ACHN, above, we can see a price improvement with the On-Balance-Volume (OBV) line turning up since early September -- a tell of accumulation. Prices have rallied above the 50-day simple moving average and the 200-day moving average. Also, the slope of the 50-day average is now positive. We can also see a bullish divergence in the August/September/October timeframe with weaker prices but rising momentum readings in the lower panel of the chart.

In this longer-term view of ACHN, above, we can see the recent gains to clear the 40-week moving average. The big rally in 2014 to become a "teenager" and the big correction this year gives us some perspective. With the Moving Average Convergence Divergence (MACD) oscillator moving to the zero line and a buy signal, we like the long side of ACHN.

Traders could go long ACHN right around $10 and use a stop close only order just below $9 as a risk point. Our upside price objective is $14.

Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

Employees of TheStreet are restricted from owning individual securities.

TAGS: Investing | U.S. Equity | Transportation | Energy

More from Transportation

XL Fleet's Charts Show Potential for a Future Purchase

Bruce Kamich
Mar 3, 2021 8:49 AM EST

A new base pattern needs to develop before taking a long position.

As Plug Power Plummets, There Appears to Be More Risk Ahead

Bruce Kamich
Feb 25, 2021 2:03 PM EST

Let's check out the PLUG charts as traders react to the latest EPS numbers.

Luminar Technologies Is Likely to Give Back All of its Gains

Bruce Kamich
Feb 24, 2021 12:28 PM EST

Let's look at the charts and indicators.

The Sagas of a Cruise Operator and a Burger Joint Continue

Jonathan Heller
Feb 24, 2021 10:00 AM EST

Carnival Corp. continues to sell debt and equity as it works to stay afloat, while Steak n Shake deals with problems of its own.

Careful, the Rally in XPO Logistics Has Stalled

Bruce Kamich
Feb 23, 2021 10:44 AM EST

Let's check out the charts.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 08:50 AM EST PAUL PRICE

    Michaels: Close to a Deal?

    It appears that a deal could be announced soon. ...
  • 08:34 AM EST GARY BERMAN

    Wednesday Morning Fibocall for 3/3/2021

    SPX (Long-Term View) The 20 DMA @ 3889 with the ...
  • 06:05 PM EST PAUL PRICE

    Michael's (MIK) Up on Takeover Rumors

    The NYT says talks are underway regarding a buyout...
  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2021 TheStreet, Inc., 225 Liberty Street, 27th Floor, New York, NY 10281

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login