Tuesday, February 06, 2007

Trade Ideas: FD, RHI, ASG, PPG, ACL, THI, FUN, CTV

Indices are recovering nicely from some early losses. No shortage of stocks on the Trade Ideas scan with the 8 most recent picks coming in under 2 minutes.

Of the 8 picks, not one broke the 20 apperance barrier.

Recent bullish crosses between the 20-day and 50-day MAs were observed in Federated (FD), PPG Industries (PPG), Tim Hortons (THI) and Commscope (CTV).

On the 1-year charts: a 'V-reversal' looks close to been completed in Alcon (ACL), look for a measured move to around $142. Tim Hortons (THI) is working through a handle with resistance at $32. Trend traders may find some love in Liberty All Star (ASG) or Cedar Fair LP (FUN); the former has coasted along the 50-day MA very nicely. Those trading consolidation breakouts should look to Federated (FD); a retracement back to the 20-day MA would be attractive.

For comparisons sake I have included 8 stocks which have featured more than 20 times on the Trade Ideas scan today:

The stocks show a little more scrappy action. Alaska Air (ALK), IDT Corp (IDT), and Internet Holders (HHH) all created bullish crosses of their 50-day MA by the 20-day MA.

Base building looks to be a theme for all of these picks (a spate of pre-breakout accumulation???): Yum! Brands (YUM), IDT Corp (IDT), Internet Holders (HHH), Arch (ARJ), Hilb Rogal and Hamiliton (HRH), Alaska Air (ALK), Dillards (DDS), and Midas Group (MDS).

Midas Group (MDS) may have the best chart if you are a cup-and-handle type of trader; projected target of $29, stops on loss of $21.30. But any of them would be interesting if they took out their 6-month highs.

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