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Many traders have heard about George Soros' exceptional abilities.His most famous trade will probably always be his bet against the Bank of England.In 1992, Soros knew that the central bank would be unable to maintain its policy of tying the value of the British pound to the European Exchange Rate, the predecessor to the euro.
Soros built a large position in the pound as it rose based on his analysis that the Bank of England would eventually have to abandon their currency peg. His analysis was correct, although few traders would have the ability to duplicate this strategy, which required selling at least $1.5 billion worth of the currency into a bull market.While few can trade like Soros, any trader can benefit from his analysis.Like all other large traders, Soros is required to disclose his U.S. stock market holdings to the Securities and Exchange Commission once a quarter.
Given the strong uptrend, there really isn't a price target to identify for the stock. The best strategy to trade a stock like this might be to use a trailing stop, such as the lower Bollinger Band for more aggressive traders or the 20-week moving average shown between the two Bollinger Bands for a more conservative trade.Anadarko Petroleum is an oil and gas company that is expected to enter a period of rapid earnings growth. Analysts expect earnings per share (EPS) growth to average about 20% a year in the next five years after averaging only 1% a year in the past five years. If they are right, APC could be worth about $96 a share, or 20 times expected EPS of $4.82 in 2014. This is more than 11% above the current price.
The chart shows that APC is in an accelerating uptrend and is near resistance formed by the 2012 highs. A breakthrough could push the price at least $20 higher based on the depth of the decline seen since those highs.Applying a trading system to the holdings of great investors can help us find the best of their best ideas. George Soros has already done the analysis and said that there is something he likes about the companies he owns. My system finds the timeliest picks among his holdings.
While the sector is hanging on by a thread, shares of this company have already started breaking down.
Wall Street's elite use it to stack the deck in their favor, but there's nothing stopping you from doing it too.
The way I see it, either the fundamental story or the technical breakout should be enough for us to capture a potential 17.6% gain in the next few months.