ACTIONS:

Buy Bank of America (BAC, $17.63, up $0.10).

Buy JDS Uniphase (JDSU, $14.07, up $0.06).

 

Dear Momentum Stocks Weekly Subscriber,

I have a two New Trades that I’m adding to the portfolio today. Both stocks trade options, but I want to wait until January before selling covered calls, as both stocks are in solid uptrends.

 

Buy Bank of America (BAC, $17.63, up $0.10).

I have recommended BAC numerous times over the past few years, and I like shares once again at current levels. I would like to sell a covered call once shares clear $18.

 

Buy JDS Uniphase (JDSU, $14.07, up $0.06).

I like the stock at current levels. Shares are on the verge of a breakout and could make a run to $19 over the next six to 12 months. I may sell a call option once shares clear $16. More details and chart work will be included in Monday’s issue.

 

All prices given in this update are current as of 10:40 a.m. EST.

Every new Momentum Stocks Weekly recommendation is listed with the price at which I entered my own position. If the price is slightly different than my recommended entry or exit price when you receive the alert, don’t let that keep you from getting into or out of a trade. Occasionally, you might even get a better “fill” price than what is posted in the Open Trades and Closed Trades.

Trade on!

Signed

Rick Rouse
Editor
Momentum Stocks Weekly