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Stock Alert: Three Long, Three Short, One Overbought for October 8


Critical analysis by ChartLabPro names today's buys, including Clorox and Spectra Energy. Holding Starbucks and Chipotle? Sell now.

MINYANVILLE ORIGINAL We have new rating alerts for Monday, October 8, based on our proprietary algorithm.

Google is a name we have been discussing a lot. We went to a Strong Buy (5 rating) at $632 and since then the stock is up 21%. We alerted readers that we were reducing 50% of our position when the stock hit the Approaching Oversold level at $727. On Friday's close we hit an Overbought level at $767 and will be selling the remainder of our position. Could we see the third resistance level on the chart below $782? It's possible, however at this juncture, we will remain disciplined and take this great return.

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No positions in stocks mentioned.
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