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September 08, 2008 | admin | Comments 1

UCHB Holdings Inc. (NASDAQ: UCBH) is TheSUBWAY Pick of the Day

This morning we are looking for a pop in UCHB Holdings Inc. (NASDAQ: UCBH).  This will be a trade for us:

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UCHB Holdings Inc. (NASDAQ: UCBH) is TheSUBWAY Pick of the Day

Our daily chart is not looking strong, but we anticipate getting a pop this morning for a quick trade based on other fundamentals:

UCHB Holdings Inc. (NASDAQ: UCBH) is TheSUBWAY Pick of the Day

Our 15 Minute chart is looking better than our daily, showing momentum higher into today:

UCHB Holdings Inc. (NASDAQ: UCBH) is TheSUBWAY Pick of the Day

Our Weekly chart is showing UCHB Holdings Inc. (NASDAQ: UCBH) to possibly be nearing the higher end of it’s recent run higher, but considering the week we had last week, UCHB Holdings Inc. (NASDAQ: UCBH) is looking like it could continue higher.  However we are not seeing overwhelming conviction of this technically, so this is what makes this a quick trade for us.  Should the technicals improve we would get back in and possibly for a longer time frame than a trade:

UCHB Holdings Inc. (NASDAQ: UCBH) is TheSUBWAY Pick of the Day

Volume is also not showing a strong increase, but it is not looking weak either.  The Stochastics also are not overwhelming either way, but with the recent upward trend in UCHB Holdings Inc. (NASDAQ: UCBH), we are looking to get a little more to the upside out of UCHB Holdings Inc. (NASDAQ: UCBH):

UCHB Holdings Inc. (NASDAQ: UCBH) is TheSUBWAY Pick of the Day

UCHB Holdings Inc. (NASDAQ: UCBH) is TheSUBWAY Pick of the Day

Our PHILS X1 is showing support for UCHB Holdings Inc. (NASDAQ: UCBH) to be at $6.02.  It is showing resistance to be at $6.54, which UCHB Holdings Inc. (NASDAQ: UCBH) is above and also convinces us to put this quick trade on.  We are going to put our stop in today right around the $6.50 area and will move it up with any profits found in UCHB Holdings Inc. (NASDAQ: UCBH).  We may put a tight trailing stop in too.

UCHB Holdings Inc. (NASDAQ: UCBH) is TheSUBWAY Pick of the Day

Our PHILS X2 is blue, which is signaling institutional buying still coming into UCHB Holdings Inc. (NASDAQ: UCBH), which would signal a continued move higher in UCHB Holdings Inc. (NASDAQ: UCBH):

UCHB Holdings Inc. (NASDAQ: UCBH) is TheSUBWAY Pick of the Day

TheSubway.com acknowledges and thanks the principles of www.philsgang.com site for their permission in allowing us the use and demonstration of the their Phil’s X-1 and Phil’s X-2 charting software.

Full disclosure: Long at time of writing   -   Disclosure of Conflicts of Interest

All material herein was prepared by CRG Partners, Inc. (CRGP) based upon information believed to be reliable. The information contained herein is not guaranteed by CRGP to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. CRGP is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on http://www.thesubway.com or mentioned herein. CRGP may have been compensated by third party shareholders with shares or with cash from the company on behalf of one or more of the companies mentioned in this opinion. CRGP’s Licensors, affiliates, officers, directors and employees may own shares and intend to buy and sell additional shares of the company mentioned herein and may profit in the event those shares rise in value.

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