Monday Evening Thread

BAC Intraday Chart

The yellow line is Friday's close (9.80) which was above today's open (9.78). The stock traded up sharply in the first half hour on heavy volume. Sorry it is hard to see volume bars on this chart. In the last hour - often said to be controlled by the pros - BAC sold off on heavy volume and finished near the lows of the session.

Afternoon Thread

HAIN daily chart

We don't talk about this one and I've never owned it.  It is a bit extended and sports a trailing P/E of 31 (forward is 21) but the chart looks pretty good.  Volume is good so far today and if it closes near the high of the day it could be worth a starter position.  Cramer pumps it anytime he talks about it but I have not seen him mention it lately.

Post St. Patty's Monday Top of the Morning

SRZ Sunrise Senior Living, Inc. provides senior living services in the United States, Canada, and the United Kingdom. It offers independent living services, which include housing, meals, transportation, activities, and housekeeping, as well as licensed skilled nursing services for residents who require 24-hour skilled nursing care. The company also provides assisted living services with individual service plans, which comprise the selection of resident accommodations, and determination of the appropriate level of care and service for such resident; and reminiscence neighborhood that offers specially designed accommodations, service, and care to support cognitively impaired residents, including residents with Alzheimer’s disease. In addition, it offers medication management programs, including storage of medications, distribution of medications as directed by the resident’s physician, and compliance monitoring; and various levels of care for assisted living residents who require frequent or intensive assistance or increased care or supervision. As of June 30, 2011, the company operated 316 senior living communities, including 274 communities in the United States, 15 communities in Canada, and 27 communities in the United Kingdom, with a total unit capacity of approximately 31,000. Sunrise Senior Living was founded in 1981 and is based in McLean, Virginia. 

I am long a small amount of this stock.  We have seen the homebuilders already rise dramatically.  Can real estate and a company with vast amounts of it be far behind.  With an aging population there will not be a scarcity of customers.

SRZ One Year Daily showing cup and handle.  You have the correct order price above the 20 day, then 50 day, 200 day.

The weekly chart shows the 200 day pretty much defining the down trend which has been broken.  The stock has been consolidating right along the 50 day moving average.  MACD has just begun to turn up.

6 month daily showing a bounce off the 50 day after a month or so of sideways consolidation.  Volume spike on Friday could be signaling the beginning of a breakout. Now let's compare to BAC about a week ago.

BAC

The 6 month daily of BAC.  Same cup and handle, a dip down to the lower bollinger band, then recovers, consolidates at the 20 day then begins to increase in volume and price.  

Could we be seeing the start of this in SRZ?  Stops can be put around $7.15.  I also noticed that there seemed a relatively unusual amount of open interest in the April 7 1/2 calls.  They are selling at about .70.  Might be worth a look.