Trade-Ideas: NSIT, RHD, AINV, DOV, PTR, AMFI, SMMX, NR
With the markets galloping off into the distance the Trade-Ideas scanner was turning up stock ideas every few seconds. This selection cropped up in the space of 3 minutes using my Base-Breakout scan.
For the record, I have replaced the dumped PMACA play with NSIT for my ROTH-IRA. Its mild bullish run should allow for some decent income earning using covered calls.
NSIT: Still in its base. Real action will come on break of $23.00. Looking to take advantage of current momentum.
RHD: Working itself out of a base on rising money flow and increased volume. Hugging the 40-week MA/200-day MA as part of a strong uptrend.
AINV: Keep an eye on $19.50. There is still some residual supply which has lasted the last couple of weeks.
DOV: Watch for break of $41.50. It is on its fourth test of this resistance level, but if you look at a weekly picture you can see $42-43 has been resistance for the last 3 years.
PTR: Working itself out of a lengthy 4-month base. Positive money flow is a bonus but no real increae in volume.
AMFI: Compact cup-and-handle pattern. Today's action looks to complete the handle breakout. Watch for move to $40.
SMMX: Trianlge taking shape. Still has work to do to confirm a new uptrend. One to watch.
NR: Volatile stock wrt intraday spread. Bouncing off the 200-day MA and through the 50-MA. Solid looking weekly chart.
For the record, I have replaced the dumped PMACA play with NSIT for my ROTH-IRA. Its mild bullish run should allow for some decent income earning using covered calls.
NSIT: Still in its base. Real action will come on break of $23.00. Looking to take advantage of current momentum.
RHD: Working itself out of a base on rising money flow and increased volume. Hugging the 40-week MA/200-day MA as part of a strong uptrend.
AINV: Keep an eye on $19.50. There is still some residual supply which has lasted the last couple of weeks.
DOV: Watch for break of $41.50. It is on its fourth test of this resistance level, but if you look at a weekly picture you can see $42-43 has been resistance for the last 3 years.
PTR: Working itself out of a lengthy 4-month base. Positive money flow is a bonus but no real increae in volume.
AMFI: Compact cup-and-handle pattern. Today's action looks to complete the handle breakout. Watch for move to $40.
SMMX: Trianlge taking shape. Still has work to do to confirm a new uptrend. One to watch.
NR: Volatile stock wrt intraday spread. Bouncing off the 200-day MA and through the 50-MA. Solid looking weekly chart.
