Trade Ideas: DHR, APH, LPX, BFIN, GFIG, IWC, PP, ALO
This 10-minute sample pick from the Trade-Ideas software using my Pending-Base-Breakout parameters picked out the following selection of stocks
For the record, my PMACA play stopped out for a loss of 3% at $9.18 earlier this morning.
DHR: I like the look of the small handle the stock is shaping. Stops go on a loss of $54.50. The stock has enjoyed a mild bullish run from the start of 2004 and looks well positioned to move further.
APH: Recently broke above its 200-day MA and is holding the line. A move above $43 should see this quickly test $46 highs. Strong, positive money flow.
LPX: Gapped up in mid-November and is trading inside a small handle. Pivot buy at $27.60, currently trading at $26.99. Has remained range bound between $21 and $28 for almost two years.
BFIN: Thinly traded. Break of $14.70 may see some liquidty injected but perhaps not the best stock to go for (I had removed the volume parameters from the scan which is why this one sneaked in).
GFIG: Potential double top at $47. Keep on watch list for now. It is holding support at the 50-day MA but not the best looking of the 8 picks here.
IWC: A newcomer to the iShares scheme. $52.05 is the pivot buy price. Interesting prospects. A break of $52 on volume would set up a short term trade to $57 but there is little historical action to go on here.
PP: Rounding bottom heading back to $41.80 (the highs of the black candlestick). Support at $40, but the stock is on its 9th straight day of gains. Keep on watch list.
ALO: Mentioned here
If you would like to try the software yourself, follow this link for a free 7-day trial.
For the record, my PMACA play stopped out for a loss of 3% at $9.18 earlier this morning.
DHR: I like the look of the small handle the stock is shaping. Stops go on a loss of $54.50. The stock has enjoyed a mild bullish run from the start of 2004 and looks well positioned to move further.
Danaher Corporation engages in the design, manufacture, and marketing of industrial and consumer products. It operates in three segments: Professional Instrumentation, Industrial Technologies, and Tools and Components.
APH: Recently broke above its 200-day MA and is holding the line. A move above $43 should see this quickly test $46 highs. Strong, positive money flow.
LPX: Gapped up in mid-November and is trading inside a small handle. Pivot buy at $27.60, currently trading at $26.99. Has remained range bound between $21 and $28 for almost two years.
BFIN: Thinly traded. Break of $14.70 may see some liquidty injected but perhaps not the best stock to go for (I had removed the volume parameters from the scan which is why this one sneaked in).
GFIG: Potential double top at $47. Keep on watch list for now. It is holding support at the 50-day MA but not the best looking of the 8 picks here.
IWC: A newcomer to the iShares scheme. $52.05 is the pivot buy price. Interesting prospects. A break of $52 on volume would set up a short term trade to $57 but there is little historical action to go on here.
PP: Rounding bottom heading back to $41.80 (the highs of the black candlestick). Support at $40, but the stock is on its 9th straight day of gains. Keep on watch list.
ALO: Mentioned here
If you would like to try the software yourself, follow this link for a free 7-day trial.
