As long as there are trades to be made RealMoney’s Dan Fitzpatrick will be there to cover the technicals.

Here’s a holiday roundup of Fitzpatrick’s recent chart readings on stocks he recently saw on TheStreet.com and CNBC’s "Mad Money" and "Fast Money."

Video: TheStreet.com’s Most Popular -- Apple, General Electric and Pfizer (12/29/08)

Apple (AAPL): Once again, Apple has taken the top spot this week on TheStreet.com’s list of most-searched stocks. And while Apple’s top spot is pretty definitive, Fitzpatrick explained that the company’s stock chart was less clear. With a series of lower highs in Apple’s share price over the last week, sellers are more eager to take whatever prices they can get from the stock right now. Fitzpatrick sees more “sideways trading” than anything else, suggesting that Apple’s overall trend -- at least in the short term -- is flat.

General Electric (GE): While it seems like everybody’s long GE right now, according to Fitzpatrick, the chart isn’t a pretty sight. GE has managed to more or less track the S&P 500 through the market’s collapse in 2008. “If you’re long this stock you either know something I don’t know, or you’re just plain hoping,” explained Fitzpatrick. With a downtrending stock price, GE is “generally a bad trade.”

Pfizer (PFE): “I see a stock that needs the blue pill [Viagra] that Pfizer makes,” joked Fitzpatrick. Pfizer has been trending lower for around two years now, offering investors a glimmer of hope that the stock’s due for a turnaround. Indeed, Pfizer saw a distinct bottom just a little while ago, but Fitzpatrick warned not to buy yet. With no evidence of an upcoming breakout, or movement above its resistance level (the “price ceiling” a stock has trouble moving through), he advises waiting until the price crosses short-term resistance and the stock can grow legs.

Video: Starbucks, NYSE Euronext, Abercrombie & Fitch (12/26/08)

Starbucks (SBUX) from Fast Money: With a tendency to bounce off its 50-day moving average, the stock’s average price over the trailing 50 days, Starbucks is definitely a stock to watch per Fitzpatrick. He recommended buying with a stop (a market order that gets triggered at a pre-set price) around $9.20 to limit risk to the downside.

NYSE Euronext (NYX): With a recent SEC decision that will allow a partner of NYX to act as a counterparty to credit default swaps, things are looking good for the company. And it’s about time. According to Fitzpatrick, NYX “has been in freefall for quite a while.” If you’re into this stock, he advised going to the long side, but keeping a tight stop in place.

Abercrombie & Fitch (ANF) from Fast Money: “This stock has been beaten to a pulp over the last six months or so,” said Fitzpatrick. The stock has been pushed down on larger than normal volume over the last week or so, with a slight shift upward towards the end of the week, but Fitzpatrick warned against thinking that the stock was on an extended climb -- the price increase was on much lower trading volume, suggesting that once the regular sellers who have been pushing this stock down come back into play ANF would continue to get pummeled. Watch out for this one.

Video: Suburban Propane, Hologic and Gold ETF (12/24/08)

Suburban Propane (SPH) from Mad Money: This stock traded sideways in 2007 and has been on an accelerated downtrend ever since. The 200-day moving average (the average price over the last 200 days) is a good indicator of a stock’s resistance, and SPH has been making a run toward that line -- a bullish sign that could point to a breakout. Fitzpatrick recommended keeping a deliberate stop around support, the price SPH has difficulty falling below, in case the downtrend reasserts itself in the future.

Hologic (HOLX) from Fast Money: Hologic has seen a sharp downtrend recently that could be a bottom, but isn’t necessarily so. Because the bottom in question came without abnormal volume (which would indicate bulls were fighting to keep the stock above that support line), Fitzpatrick wasn’t so sure. If you’re taking a long position in HOLX, be careful.

Gold ETF (GLD) from Fast Money: “We’ve got this stock at the top of a downtrending channel,” said Fitzpatrick, indicating a charting pattern of lower highs and lows. For a short-term trade, Fitzpatrick recommended waiting until the next return to the bottom of the channel, but noted that he’d be all over the stock if it broke $88. While he’s bullish on gold, he recommended waiting for a pullback in GLD’s price before taking a new position in GLD.

Video: Nucor, Gold ETF, and Eli Lilly (12/23/08)

Nucor (NUE) from Fast Money: With a recent low, rally and retest, Nucor’s chart has a good example of a “Big W” pattern -- a pattern that signifies a bottom for a stock. “But was this truly the bottom?,” asked Fitzpatrick. Nucor is above its 50-day moving average, which is key right now. Because of that, we can expect NUE to pull back below its 50-day moving average, so if this stock interests you, buy around $37 or $38, before the stock has a chance to come back up.

Gold ETF (GLD) from Fast Money: Making another appearance is the Gold ETF. Gold peaked on Mar. 14 and has since fallen 20% -- a far cry from the almost 38.5% the S&P 500 lost in 2008. “It’s just not credible to say that gold isn’t working right now,” Fitzpatrick said. While he claimed that he doesn’t have “yellow fever,” Fitzpatrick did advise buying gold on a pullback.

Eli Lilly (LLY): “If you were holding this stock, no doubt you probably are on drugs right now or wish you were,” quipped Fitzpatrick about the beleaguered drug maker. He said that the stock is overbought right now, meaning that demand has pushed its price up to inflated levels, and expects yet another pullback. On the brighter side, moving averages moving higher could be a good thing for this potential trade because they could mean a higher resistance level.

To see these stocks in action, check out the latest "3 Stocks I Saw on TV" portfolio on Stockpickr.


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Posted on Jan. 2, 2009