Trade Ideas: SLF, PP, MAN, CORS, FADV, PNP, ASO, TMK
Today's picks from the Base Breakout scan
SLF: Nice pullback to the 20-day MA to consolidate the November gap up. Run stops on loss of 20-day MA look for move to $47-48.
PP: A mini 2-month cup-and-handle pattern. Pivot buy is $41.57. Stops on a loss of $40.50. Good for a move to $45 with no overhead resistance.
MAN: Spent most of November and December trading in a tight range. Today could be the day we see a close above $48. Room for a move to $56, although the point-n-figure shows a move to $51 will be enough to put this at multi-year highs with no overhead resistance. Best of picks.
CORS: Limping along upwards. Vulnerable to a big day sell off. Not the best of the picks here but slow and steady could win the race.
FADV: Broke its ascending triangle to the upside yesterday. Holding gains today.
PNP: Mini-handle forming off $67.50 resistance. Above this price is fresh air. Minimum upside target is $79.50. The small handle allows for a relatively low risk entry with stops around $66.48.
ASO: Liking the fed move. Pushing its bullish flag to the upside although declining money flow remains a concern (i.e. selling into strength).
TMK: Cleared recent congestion on its way to test key resistance at $57. Minimum upside target is $67.50.
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SLF: Nice pullback to the 20-day MA to consolidate the November gap up. Run stops on loss of 20-day MA look for move to $47-48.
PP: A mini 2-month cup-and-handle pattern. Pivot buy is $41.57. Stops on a loss of $40.50. Good for a move to $45 with no overhead resistance.
MAN: Spent most of November and December trading in a tight range. Today could be the day we see a close above $48. Room for a move to $56, although the point-n-figure shows a move to $51 will be enough to put this at multi-year highs with no overhead resistance. Best of picks.
CORS: Limping along upwards. Vulnerable to a big day sell off. Not the best of the picks here but slow and steady could win the race.
FADV: Broke its ascending triangle to the upside yesterday. Holding gains today.
PNP: Mini-handle forming off $67.50 resistance. Above this price is fresh air. Minimum upside target is $79.50. The small handle allows for a relatively low risk entry with stops around $66.48.
ASO: Liking the fed move. Pushing its bullish flag to the upside although declining money flow remains a concern (i.e. selling into strength).
TMK: Cleared recent congestion on its way to test key resistance at $57. Minimum upside target is $67.50.
If you would like to try the software yourself, follow this link for a free 7-day trial
