ADT: basing near highs with healthy volume patterns: breakout over 46.00 looks imminent.
CNH: Very strong volume (accumulation) on recent up days. Good momentum here so a breakout looks imminent.
EXPR: Gapped up on strong volume 2 weeks ago on earnings: its been consolidating in a BULL FLAG type formation: Looks poised to breakout soon.
LAMR: A rather unusual looking chart but thus far the action has a bullish feel to it. Could consolidate a few more days ahead of a new breakout over the 41.00 area.
MSCI: Looks to be basing in a bottoming pattern. Its trying to start a new series of HIGHER LOWS. A breakout over 30.30 could start a GAP FILL run up to 35.00.
RPM: A decent looking CUP & HANDLE pattern in RPM now. In the strong "CHEMICALS" sector. RPM looks poised to breakout thru that 29.00 resistance zone.
Other strong Chemical names to watch: LYB, POL, PPG, GRA & WLK.
.
This metals ETF could benefit from the rotation we have seen out of the Technology sector and into other areas of the market. XME looks to be setting up in a SYMMETRICAL triangle with a breakout 'warming up'. One more small pullback would not be bad before it attempts a 45.00 area breakout.
Note: make sure to check and re-check earnings dates on these stocks.
For More ART OF TRADING REVIEWS Go HERE!!
JOIN US FOR A 14 DAY FREE TRIAL TODAY!!
No comments:
Post a Comment