Wednesday, July 12, 2006

Trade Ideas: USO, CVP, PPX, AMV, MWIV, RMD, HMSY, KNDL

Nervy action across the board limited the number of stocks making moves on the Trade Ideas scan. Today's selection covered 22 minutes of the softwares time. Most frequent stock to appear was USO at 6 times, followed by MWIV at 5 and PPX at 3.

USO could go gagga if $72.50 is breached with a point-n-figure target of $84 not out of the question. Stops can go on a loss of $65.

MWIV, although thinly traded is worth keeping on a watch list. Break of $37 could see a nice move given the low liquidty.

HMSY might have the best risk:reward of the 8 stocks. Stops go on a loss of $10, but this should challenge $15 (decent buying spikes on the daily chart) and the point-n-figure chart holds to a $23 price target.





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