Discovery Communications

Discovery Communications made all time highs this week at $55.11. The stock has risen 52% since the start of 2012. The company trades at a Forward P/E of 16 and has no dividend yield. CBS Corporation, another broadcasting stock made all time highs this week as well. I would be looking to play this from the long side as long as the trend stays intact. 

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No position at this time. Position declarations are believed to be accurate at time of writing but may change at any time and without notice.

Costco Wholesale

Costco announced an increase of 6% in same-store sales for the month of August this morning. The stock traded to all time highs today closing at $98.59. The stock punched through it's Bollinger Bands on a daily time frame and a variety of technical indicators are reading overbought such as Stochastics and RSI. Costco could be a worthy name to add to a watch list if one is trying to get long some retail strength.

http://seaofopportunity.blogspot.com/

No position at this time. Position declarations are believed to be accurate at time of writing but may change at any time and without notice.

Regeneron Pharmaceuticals

Regeneron Pharmaceuticals made all time today after coming out of a four month consolidation. Stock is up 164% YTD. On a short term time frame RSI 2 and 5 are reading 100. I think this stock could be a long on pullbacks as long as the uptrend remains intact. Use proper risk management.

http://seaofopportunity.blogspot.com/

No position at this time. Position declarations are believed to be accurate at time of writing but may change at any time and without notice.

Discover Financial

Discover Financial is making all time highs. The company announced a payment processing deal this morning with Pay-Pal and the stock jumped. There was bullish option activity in Mastercard this morning as well. Discover is making all time highs while Visa and Mastercard are not. Discover trades at 2.3x book value while MA and V trade at 4x and 9x respectively.

http://seaofopportunity.blogspot.com/

No position at this time. Position declarations are believed to be accurate at time of writing but may change at any time and without notice.

11 Charts: All Time Lows Last 1-3 Months

Possible short set ups, all names have made all time lows in the past 3 months.

http://seaofopportunity.blogspot.com/

No position at this time. Position declarations are believed to be accurate at time of writing but may change at any time and without notice.