Monday, July 24, 2006

Trade Ideas: VNQ, PBKS, ICF, XTXI, KRG, ED, NVS, AMT

Strength in large caps has tippled over to tech and small caps but there is still much work to do to consume plentiful supply. The semiconductor index remains weak even as it posts gains. The Trade Ideas scan was busy, the following 8 stocks appeared in the space of a minute.

Large number of realty picks; VNQ has shaped a solid 4-month base with resistance at $69. A measured move for this should put the stock around $78; ICF runs in a similar vein with resistance at $87 and a target of $97; and KRG which has cleared $15.50 resistance and is on course to test $20.

Momentum players should take a look at XTXI. Use the 50-day MA for stop placement and wait for break of $95 before buying.

Recent bullish crosses in the 20-day and 50-day MA (mini-"golden cross") can be found in the realty picks: VNQ, ICF and KRG, but also in AMT and PBKS.

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