Wednesday, November 15, 2006

Trade Ideas: NLC, TD, RA, MTX, PFS, BNE, APF, FUR

Another day of gains for the markets (it just keeps going!); unfortunately, the buying dropped off from yesterday as the Trade Ideas scan drifted out to 13 minutes for 8 stocks.

A few of those picks appeared 22-28 times over the course of the day; Toronto Dominion (TD), Minerals Tech (MTX) and Browne (BNE).

Recent bullish crosses between the 50-day and 20-day MAs occurred for Toronto Dominion (TD), Reckson Associate Realty (RA) and Browne (BNE). On the flip side, bearish crosses occurred in Winthrop Realty (FUR) and Provident Financial (PFS).

Reckson Associate Realty (RA) has the best long term chart (a continuation of yesterday's gains) with Provident Financial shaping a scrappy, tight handle (stops on loss of $18; buy break of $18.75; point-n-figure target of $24). Other picks are mixed: Trend traders can look to Winthrop Realty(FUR) and Breakout buyers can buy break of $16 in Browne (BNE).



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