Wednesday Evening

Wednesday Afternoon

AGNC Daily Chart (11:30AM)

This one pays an excellent dividend (15%+) and has a very nice uptrend.  You can see the periodic gaps down.  Those are the payouts made by this REIT.  The next payout should be very soon but I did not look it up.  (Do I have to do everything?)

If you wait for the drop and then buy it sure looks like that has been a winning trade.  If you want the dividend stream you can just hold on.  Be aware there was an article last week that suggested the payouts may be interrupted but I don't believe it.  With housing firming up I think this one will do well.

Wednesday Morning

Gator's Chart of the Day: CRUS

I didn't see any posts on yesterday's blogs that mentioned CRUS ... either we all missed it or somebody is keeping secrets.  I guess we can call this one a Lurker's Special.

Cirrus Logic spent all of may in a fairly tight range as it consolidated a big two day move.  Once the stock and the 50 day simple moving average found each other the price firmed and began working higher.  Tuesday it popped above the upper Bollinger band making a 7% move on volume that was 70% higher than the 50 day average.

Although the stock is clearly extended above the 200 day (green line in the bottom corner of the price section) the forward P/E is only 13x.  They have no debt and a price target near 34.  I think it's too late to buy aggressively but a trading plan that includes one buy at a lower level could be initiated here.  The add would be on a bounce from a retest of the breakout.  The stop on the initial buy would be back in consolidation and would be nearly 10% below Tuesday's close so it's necessary that a buy here be small.