Trade Ideas: CLFC, TWI, RADN, FAC, PUK, RSCR, SWC, ATSN
Okay, today's list took over an hour for the software to compile; a mix of holidday trading and a nasy Santa sell off (who were bold boys and girls this year?).
CLFC: Effectively stuck in a trading range for the last 6-months bound by $22 and $29. At $26 it is right in the middle. 50-day MA holding. Weekly chart shows steady gains; long term bullish.
TWI: Gapped up big in October and has held this gain very well on merger talks. The failure of the gap to close (or even approach a decent attempt at such) is bullish. Positive money flow and a 'buy' signal in the PPO after 2 1/2 months of consolidation says it all. Will the $18 bid per share be topped?
RADN: Breaking from a bullish flag after a positive test of the 50-day MA. Some decent volume to go with it.
FAC: Weekly chart shows bullish ascending triangle, daily chart shows strong (positive) money flow and an improving PPO. Sizable block trade went through this afternoon. Break of $10.50 could see this fly
PUK: At resistance of a broadening wedge, best to wait for break of $19.50 but strong buying favors more upside here. Test of $30 looks on the cards.
RSCR: Chart shows lovely support at the 50-day MA. Negative money flow is a concern but this stops on a loss of $17.26 and prices currently trading at $17.71 this is a relatively low risk buy (assuming no gap moves!).
SWC: This has disappointed me in the past. $12.50 resistance has stalled the run but an upside break should see a run to $18. 50-day MA has provided some measure of support in the past.
ATSN: Nice consolidation. Looks to have breached 6-week resistance. Stops on a loss of $10. Point-n-figure target of $16.50 in the works
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CLFC: Effectively stuck in a trading range for the last 6-months bound by $22 and $29. At $26 it is right in the middle. 50-day MA holding. Weekly chart shows steady gains; long term bullish.
TWI: Gapped up big in October and has held this gain very well on merger talks. The failure of the gap to close (or even approach a decent attempt at such) is bullish. Positive money flow and a 'buy' signal in the PPO after 2 1/2 months of consolidation says it all. Will the $18 bid per share be topped?
RADN: Breaking from a bullish flag after a positive test of the 50-day MA. Some decent volume to go with it.
FAC: Weekly chart shows bullish ascending triangle, daily chart shows strong (positive) money flow and an improving PPO. Sizable block trade went through this afternoon. Break of $10.50 could see this fly
PUK: At resistance of a broadening wedge, best to wait for break of $19.50 but strong buying favors more upside here. Test of $30 looks on the cards.
RSCR: Chart shows lovely support at the 50-day MA. Negative money flow is a concern but this stops on a loss of $17.26 and prices currently trading at $17.71 this is a relatively low risk buy (assuming no gap moves!).
SWC: This has disappointed me in the past. $12.50 resistance has stalled the run but an upside break should see a run to $18. 50-day MA has provided some measure of support in the past.
ATSN: Nice consolidation. Looks to have breached 6-week resistance. Stops on a loss of $10. Point-n-figure target of $16.50 in the works
If you would like to try the software yourself, follow this link for a free 7-day trial
