Thursday, December 28, 2006

Trade Ideas: DR, SEN, IMA, NG, SVM, BDJ, IMA, B

A day in which the markets held their status quo. It did result in a slow down for the Trade Ideas scan; 8 picks covered a time span of 22 minutes.

Only one pick: The Servicemaster (SVM), pushed over the 20 appearance mark at 24 hits. Semco Energy (SEN), Novagold (NG), and The Servicemaster (SVM) all managed bullish crosses of their 50-day MA by the 20-day MA inside the last 2 months.

On the 1-year charts there is an interesting base taking shape in Novagold (NG); the large gap breakout from July has held up nicely and it looks ready to drive higher. The Servicemaster (SVM) also found support at its breakout gap, but did so over a much narrower time frame (1 month).

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