The CFDealer: two stocks to buy, one to sell

Update

Big Yellow Group– Suggested as a bear idea at 322.2p on 16 April. The shares should have been profitably stopped out after the stock hit the suggested stop (as commented on 16 July) at 312p.

Dimension Data– Tipped as a buy at 104p on 14 May, the company received a cash bid from Nippon Telegraph and Telecommunications two weeks ago at 120p a share. At 123.9p I would be tempted to take the current price and move on.

Renishaw–  Suggested to buy at 699.5p on 2 June, the stock closed yesterday at 830p. Up the stop to 800p.

Spirent Communications- Tipped as a buy at 108p  on 11 June, the stock reached the target of 125p on 22 July, albeit the shares rallied to 136p after. The position should now be closed.

SSL International - Tipped as a buy at  860p on 11 June, the company received a bid at 1163p from Reckitt Benckiser on 21 July. The shares closed yesterday at 1180p: there is talk that Glaxo will counterbid, but I would rather not take any further risk and instead take the profit and close the position.

Scottish & Southern Energy– Suggested as a buy idea at 1118p on 02 July. The shares went ex-dividend on Wednesday trading through the profitable stop of 1140p and should now be closed.

Ultra Electronics– Tipped as a sell at 1522p on 02 July, it closed above the resistance of 1650p on 26 July and with interim results out on Monday, the position should be closed

WH Smith– Suggested as a sell at 401p on 02 July, the stock closed at 421.1p.Strong resistance should kick in at 445p otherwise wait for a downturn in the retail sector that should send this stock through the opening price.

Lamprell– Tipped as a Buy at 234.35p on 16 July, the company received a huge contact win last Wednesday and this helped the stock to reach the initial objective of 280p faster than planned. For those who want to run the position, raise your stop to 249p, otherwise 280p is a good price for just two weeks work.

Inmarsat – Tipped as a Buy at 743.5p on 16 July , the stock closed yesterday at 747.5p: with the chart looking almost perfect for a re-test of 820-830p we have the added extra of a potential bid from Harbinger lingering in the background. Support should kick in at 700p.

Hansteen Holdings– Tipped as a Sell at  62.55p, the stock has moved to 65p, moving with the market, albeit slightly underperforming it but nothing ‘out of hand’. Resistance should kick in around 70-72p but hopefully we will see the stock break below 60p at some stage over the next few weeks.

The writer does not hold any shares or derivatives in the above companies. The material for this report comes from Alpha Terminal. Contact: graeme.dickson@optivasecurities.com