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Mon, September 12, 2011

IMO, ODFL, BHP, VALE, HS, ASNA Expected to Trade Down Short Term


Published on 2011-09-12 07:01:25 - WOPRAI
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September 12, 2011 / M2 PRESSWIRE / BUYINS.NET / http://www.squeezetrigger.com is monitoring top equities trading strategies and these stocks are the most likely to trade Down in the coming weeks. IMPERIAL OIL LTD (AMEX:IMO), OLD DOMINION FREIGHT LINE (NASDAQ:ODFL), BHP BILLITON LTD-SPON ADR (NYSE:BHP), VALE SA-SP ADR (NYSE:VALE), HEALTHSPRING INC (NYSE:HS), ASCENA RETAIL GROUP INC (NASDAQ:ASNA) are all expected to go Down as Bearish signals have been generated by top equity trading strategies. This trading system is designed to identify high probability reversion to mean trading candidates. It looks to go long immediately following strong sell-offs, and goes short after sharp run ups. Its trades are short term and hone in on the irrational decisions of emotional traders around these extreme moves. The specific technology used to make these predictions is available for a low monthly fee at: http://www.squeezetrigger.com/services/sw/ot.php The chart below displays the stocks expected to go Down and a suggested stop level to limit any potential trading losses.

     Symbol     Company                             Price          Price Stop Level
     IMO        IMPERIAL OIL LTD                    38.110         $40.02    
     ODFL       OLD DOMINION FREIGHT LINE           30.510         $32.04    
     BHP        BHP BILLITON LTD-SPON ADR           75.700         $81.03    
     VALE       VALE SA-SP ADR                      26.680         $28.01    
     HS         HEALTHSPRING INC                    36.250         $38.06    
     ASNA       ASCENA RETAIL GROUP INC             26.800         $28.14    
IMPERIAL OIL LTD (AMEX:IMO) - Imperial Oil Ltd. engages in the exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream, and Chemical. The Upstream segment engages in the exploration and production of conventional crude oil, natural gas, synthetic oil, and bitumen primarily in the Western Provinces, the Canada Lands, and the Atlantic Offshore. Its primary conventional oil producing asset includes the Norman Wells oil field in the Northwest Territories. The Downstream segment engages in the transportation and refining of crude oil, as well as blending, distribution, and marketing of refined products. It owns and operates crude oil, and natural gas liquids and products pipelines in Alberta, Manitoba, and Ontario. The Chemical segment engages in the manufacture and marketing of various petrochemicals, including ethylene, benzene, aromatic and aliphatic solvents, plasticizer intermediates, and polyethylene resin. As of December 31, 2009, Imperial Oil Ltd. had 1,204 million oil-equivalent barrels of proved undeveloped reserves; maintained a nation-wide distribution system, including 24 primary terminals, to handle bulk and packaged petroleum products moving from refineries to market by pipeline, tanker, rail, and road transport; and sold petroleum products through 1,850 Esso retail service stations, of which about 540 were company owned or leased. The company was founded in 1880 and is headquartered in Calgary, Canada. Imperial Oil Ltd. operates as a subsidiary of Exxon Mobil Corp.

OLD DOMINION FREIGHT LINE (NASDAQ:ODFL) - Old Dominion Freight Line, Inc. operates as a less-than-truckload (LTL) motor carrier primarily in the United States. The company offers various LTL services and value-added logistics services. It provides a range of logistics services, including ground and air expedited transportation, supply chain consulting, transportation management, truckload brokerage, container delivery, and warehousing services. In addition, the company, through marketing and carrier relationships, offers door-to-door international freight services to and from North America, Central America, South America, and the Far East. As of December 31, 2009, it owned and operated a fleet of 5,390 tractors and 21,185 trailers, as well as operated 210 service centers. The company was founded in 1934 and is based in Thomasville, North Carolina.

BHP BILLITON LTD-SPON ADR (NYSE:BHP) - BHP Billiton Limited, together with its subsidiaries, operates as a diversified natural resources company worldwide. The company engages in the exploration, development, and production of oil and gas; mining of bauxite, refining of bauxite into alumina, and smelting of alumina into aluminum metal; mining of base metals, such as copper, silver, lead, zinc, molybdenum, uranium, and gold; and mining of diamonds and titanium minerals, as well as in the development of potash. It also involves in the mining and production of nickel products, manganese ore, and manganese metal and alloys, as well as in the mining of iron ore, metallurgical coal, and thermal coal. The company was founded in 1885 and is headquartered in Melbourne, Australia.

VALE SA-SP ADR (NYSE:VALE) - Vale S.A., through its subsidiaries, operates as a diversified metals and mining company worldwide. The company produces iron ore and iron ore pellets, nickel, manganese ore, ferroalloys, kaolin, and pig iron. It also engages in producing bauxite, alumina, aluminum, copper, metallurgical and thermal coal, metallurgical coke and methanol, cobalt, potash, and other non-ferrous minerals, as well as precious metals, including platinum-group metals, gold, and silver. In addition, the company operates logistics systems in Brazil, including railroads, maritime terminals, and a port. Further, it engages in power generation through hydro and oil and gas resources; and steel production. The company was formerly known as Companhia Vale do Rio Doce. Vale S.A. was founded in 1942 and is based in Rio de Janeiro, Brazil.

HEALTHSPRING INC (NYSE:HS) - HealthSpring, Inc., through its subsidiaries, operates as a managed care organization in the United States. It focuses primarily on Medicare, the federal government sponsored health insurance program for the U. S. citizens aged 65 and older, qualifying disabled persons, and persons suffering from end stage renal disease in the states of Alabama, Florida, Illinois, Mississippi, Tennessee, and Texas. The company also provides management services to healthcare plans and physician partnerships. In addition, HealthSprings services include negotiation, monitoring, and quality assurance of contracts with third party healthcare providers; medical management, credentialing, marketing, and product promotion; support services and administration; financial services; and claims processing, and other general business office services. Further, it offers Medicare Part D prescription drug plans to persons who are eligible for Medicare. As of December 31, 2009, the company served approximately 189,000 Medicare members. HealthSpring was founded in 2000 and is headquartered in Franklin, Tennessee.

ASCENA RETAIL GROUP INC (NASDAQ:ASNA) - ascena retail group inc. operates as a specialty retailer of apparel for women and tween girls in the United States and Puerto Rico. It operates its stores under the dressbarn, maurices, and Justice brand names. The companys dressbarn and maurices stores offer casual, career, and special occasion fashion apparel and accessories; and Justice stores provide trend-right apparel and accessories. As of January 03, 2011, it operated 2,487 stores, including 838 dressbarn stores, 758 maurices stores, and 891 Justice stores. The company was formerly known as Dress Barn Inc. and changed its name to ascena retail group inc. in January, 2011. The company was founded in 1962 and is based in Suffern, New York.

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