Friday, September 6, 2013

My Stock of the Day: NESN.VX


As a determined chocoholic, I am delighted to bring you Yahoo’s summary report on Nestle (Switzerland’s supplier of cocoa to the world):

 My 5-year Yahoo chart for NESN.VX shows the stock fell off a cliff in 2008 but early in 2009 began a modest but steady up trend with one good acquisition opportunity in 2011 and perhaps another now or soon. See:

My 3-month chart shows another cliff fall by Nestle, this one late in July. Both MACD and RSI portions of the chart suggest another buying opportunity may be near. A cautious entry might be achieved by buying shares soon after the green 20-day moving average rises barely above both the 50-day m.a. and the 100-day m.a. See:

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