Thursday, July 27, 2006

Trade Ideas: LNDC, UCFC, BDN, WEBX, WEN, MYE, MCD, SPH

Resistance proved to be too much for the bulls as yesterday's heavier volume churning broke in favor of the bears. This swung the Trade Ideas scan from 8 stocks in 1 minute to 8 stocks in 50 minutes. A couple of fast-food joints in the shape of Wendy's (WEN) and McDonalds (MCD) made the cut.

Recent crosses in the 50-day MA by the 20-day MA were observed in UCFC, WEBX, MYE and MCD.

The best looking chart looks to belong to Brandywine Realty Trust (BDN). Resistance of a large bullish ascending triangle at $32 is very close to been beaten. One can run stops on a loss of $31. Earnings are due for Friday so this will likely make or break the stock. Point-n-figure target of $43 looks well within its range. Projected target is $37.








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