Thursday, December 14, 2006

Trade Ideas: SGF, VEH, GCS, LLL, MTB, FCN, BJ, CEO

Given the strong day for the indices I was surprised to see the Trade Ideas scan keep pace with previous days in that 8 picks covered a time span of 8 minutes. In terms of individual stock frequency, two: L-3 Communications (LLL) and Valero GP Holdings (VEH) made over 20 appearances at 23 and 22 hits apiece, but outside of these two stocks there were a few others like ETN and KEY which broke this barrier.

Valero GP (VEH) was the only stock to make a bullish cross of the 50-day and 20-day MAs inside the last 2 months. M&T Bank Corp (MTB) had made a bearish cross of these averages inside the same time frame. The remaining stocks held to long standing up trends.

From the one-year charts; trend traders may get some joy from the Singapore fund (SGF) - look to buy tests of the 20-day MA. Similarly for L-3 (LLL), the 20-day MA has more-or-less been the trend marker. Base buyers can look to M&T Bank Corp (MTB) or China National (CEO).



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