Update on two long-term investing ideas here– TOT (original post) and WWE (original post).
Even though Total is up since my original post, when it was trading around $43, it still has not awed anyone. It is tough to say a winner is a “dud,” but as you can see on the first chart below of the monthly timeframe the stock has more work to do to cement a major breakout from the resistance trendline. At any rate, it was a decent opportunity at the depths of the Euro crisis.
WWE is acting well, taking out well-defined resistance on the weekly (second below). The monthly chart was the basis of my original thesis, as you are not only seeing last line of defense support hold very well, but also get a nice dividend (5%+) to watch it happen in real-tine.
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