Friday, January 05, 2007

Trade Ideas: THI

Markets are taking a spill on the jobs data, hitting small cap stocks the hardest. The Trade Ideas scan was also slow to pull up stock ideas; 8 picks covered a time span of 1 hour.

At least on the frequency front there was a clear leader in Tim Horton's Inc (THI) at 41 appearances over the day.

The stock is recovering from an earlier break from a rising wedge. Expect some weakness at $30.89 resistance (it sits 4 cents shy of that target at this time), but it should be good for a move to $36. Note new MACD trigger 'buy' signal. The stock was up following earnings.

Tim Hortons, Inc. engages in the operation, development, and franchising of quick-service restaurants. As of October 2, 2005, it operated 2,801 restaurants in Canada and the United States.

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