Trade-Ideas: CLP, WRNC, HTLD, KSWS, ALL, CRE, DRE, CUK
My base scan from the Trade-Ideas software picked up the following list of stocks in the space of 10-minutes: CLP, WRNC, HTLD, KSWS, ALL, CRE, DRE, CUK.
CLP has merits as long as it can hold above $44. I had featured this stock to subscribers for October 10th [subscription needed to view link] when it closed at $42.08, but it had dipped to lows of $39.50 before it started its current rally. It was good to see it pop-up on the Trade-Ideas scan.
WRNC - large black candlestick dominates, but a move above $24.60 should be enough to drive this beyond $26.00 with no overhead resistance. Keep an eye on this.
HTLD - lovely retest and confirmation of $20.75 support. The last 10 minutes has put this back in the green for the day, should stay strong into the close.
KSWS - back above its 200-day MA on improving money flow. The current correction looks very similar to the one in 2004. Pivot buy at $33.25.
ALL - small handle taking shape. The earlier 'death-cross' remains in effect so if buying here make sure to run a relatively tight stop (around $56.48).
CRE - Solid money flow, but fast approaching $36 resistance with little in the way of prior pullback to provide support. One to watch. At $34 it has merits.
DRE - I had dollar-cost-averaged a position in this stock for my a ROTH-IRA a few years ago and continue to hold. Point-n-figure chart shows a bullish triangle breakout from November 9th, but the daily chart looks in need of a pullback to $33.
CUK - Like CRE before; solid money flow but too extended, with $57.50 resistance fast coming into range.
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CLP has merits as long as it can hold above $44. I had featured this stock to subscribers for October 10th [subscription needed to view link] when it closed at $42.08, but it had dipped to lows of $39.50 before it started its current rally. It was good to see it pop-up on the Trade-Ideas scan.
WRNC - large black candlestick dominates, but a move above $24.60 should be enough to drive this beyond $26.00 with no overhead resistance. Keep an eye on this.
HTLD - lovely retest and confirmation of $20.75 support. The last 10 minutes has put this back in the green for the day, should stay strong into the close.
KSWS - back above its 200-day MA on improving money flow. The current correction looks very similar to the one in 2004. Pivot buy at $33.25.
ALL - small handle taking shape. The earlier 'death-cross' remains in effect so if buying here make sure to run a relatively tight stop (around $56.48).
CRE - Solid money flow, but fast approaching $36 resistance with little in the way of prior pullback to provide support. One to watch. At $34 it has merits.
DRE - I had dollar-cost-averaged a position in this stock for my a ROTH-IRA a few years ago and continue to hold. Point-n-figure chart shows a bullish triangle breakout from November 9th, but the daily chart looks in need of a pullback to $33.
CUK - Like CRE before; solid money flow but too extended, with $57.50 resistance fast coming into range.
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If you would like to try the software yourself, follow this link for a free 7-day trial