Tuesday, December 26, 2006

Trade Ideas: CSP, MRB, SUR, IMN, NCC, CB, FHN, AF

Small caps made the most headway against last week's losses. The short-term channel break in the Nasdaq 100 on Friday held, even though the index managed light gains. Other indices posted modest gains. The Trade Ideas scan was reasonably buoyant for St. Stephen's Day; 8 picks covered a time span of 4 minutes (not bad!).

CNA Surety (SUR), Chubb Corp (CB), China fund (CHN) featured 28, 32 and 34 times respectively over the course of the day.

Bullish crosses of the 20-day and 50-day MAs inside the last 2 months were found in Metallica (MRB), First Horizon (FHN) and Astoria (AF).

Trend traders may find some seasonal joy in Metallica (MRB) as it confirms the break of $3.50 resistance. Place stops at the most recent reaction low ($3.75); look for a move to $4.50. National City Corp (NCC), First Horizon (FHN), and Astoria (AF) all trade at the resistance end of broad 8-month channels - watch for breaks.



If you would like to try a full version of the Trade-Ideas software, follow this link for a free 7-day trial.


 
f9229fcfd1b1390be00cfccc86c90349c93a4179bf4227457c