Trade Ideas: NTPA, BKD, RICK, DKS, TMX, FHI, INFY, ACE

The next couple of weeks could see a test of 50-day MAs as occurred in early August. Given that, I have switched bearish on the Ticker Sense Blogger poll - due to be posted next week. Let the market work off some of its overbought conditions before considering new buying opportunities.

Market weakness was reflected in the Trade Ideas scan; 8 picks covered a time span of 31 minutes. Dominating the last hour of trading was Brookdale Senior Living (BKD), featuring 20 times over the course of the day. ACE was the dominant stock on the day, featuring 29 times on the scan.

RICK suffered a bearish cross of its 20-day and 50-day MAs. BKD, DKS, TMX and ACE have all made bullish crosses of their 20-day and 50-day MAs within the last 2 months.

In terms of chart strength, Telefonos de Mexico (TMX) looks best placed to gain. Support at $23.50. Resistance at $25.00. A push to $26 will trigger a double top breakout and negate the (current) bearish price target of $9.00.






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