Sunday, June 18, 2006

Trade Ideas: HGR, VGZ, SUG, CHKR, CLI, WMG, GEF, WWWW

Bulls did a good job to get indices in the upper range of Thursday's trading. Bears were reluctant to take advantage of 20-(200-)day resistance to force the issue back to the downside. The Trade Ideas scan reflected the consolidation with a solid list of stocks covering 7 minutes of the sotwares time.

The most frequent stock on the list was SUG; it appeared three times. The remaining seven picks only appeared once.

Accumulators may find interest in HGR as it works through a 2-year base. Key resistance lurks around $8.40. Gold bugs should look to VGZ, it escaped relatively unscathed from the discounting in the mining sector. If you are looking to take advantage of strength in the Utility sector, take a look at SUG. Cup-and-handle traders should look to GEF.





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