Trade Ideas: TDK, BRW, CEN, SSL, KEYS, PTY, PRAI, AVTR
First of this week's Trade-Ideas picks
TDK: Big support at $79 but too thinly traded to be able to buy more than a few hundred shares. Projected target of $100 although the point-n-figure chart has a target of $124.
BRW: Upside break of an ascending triangle. Short term traders can look for a move to $21.50. A move to $22 will mark a significant breakout with the point-n-figure chart of $27 well within range
CEN: If it can hold above $23 this nicely angled ascent should continue. A good case for following the trend. Point-n-figure target of $39.50 looks feasible within 12 months.
SSL: Working through a base. A break of $36 will complete a double bottom with a measured move forward of $42. Weekly chart shows steady gains over the last two years, which started from $5 in 2000 according to the point-n-figure chart
KEYS: Nice base development here. Looks a good opportunity to get in before it challenges (and likely breaks) $32 resistance. Weekly chart shows a cup-and-handle pattern. Good prospects. Target of $48. Best of the bunch
PTY: Tricky one - moves up in tight trading then gets killed with big broad sell offs. Perhaps best to wait for break of $17.75 before taking the plunge; early buyers can get in on a break of $17.40. Look to $21-25 range as a target
PRAI: Trapped in a $25-30 range with some evidence the bulls could take this higher. Decent upside volume, trading above 50-day and 200-day MA - some how it just doesn't look the best on paper.
AVTR: Interesting channel with broad sweeps from $59 to $54 and back again. If it can solidly break $59.50 it should fly. Healthy weekly and point-n-figure chart, latter has a price target of $78 (looks reasonable). One to watch.
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TDK: Big support at $79 but too thinly traded to be able to buy more than a few hundred shares. Projected target of $100 although the point-n-figure chart has a target of $124.
BRW: Upside break of an ascending triangle. Short term traders can look for a move to $21.50. A move to $22 will mark a significant breakout with the point-n-figure chart of $27 well within range
CEN: If it can hold above $23 this nicely angled ascent should continue. A good case for following the trend. Point-n-figure target of $39.50 looks feasible within 12 months.
SSL: Working through a base. A break of $36 will complete a double bottom with a measured move forward of $42. Weekly chart shows steady gains over the last two years, which started from $5 in 2000 according to the point-n-figure chart
KEYS: Nice base development here. Looks a good opportunity to get in before it challenges (and likely breaks) $32 resistance. Weekly chart shows a cup-and-handle pattern. Good prospects. Target of $48. Best of the bunch
PTY: Tricky one - moves up in tight trading then gets killed with big broad sell offs. Perhaps best to wait for break of $17.75 before taking the plunge; early buyers can get in on a break of $17.40. Look to $21-25 range as a target
PRAI: Trapped in a $25-30 range with some evidence the bulls could take this higher. Decent upside volume, trading above 50-day and 200-day MA - some how it just doesn't look the best on paper.
AVTR: Interesting channel with broad sweeps from $59 to $54 and back again. If it can solidly break $59.50 it should fly. Healthy weekly and point-n-figure chart, latter has a price target of $78 (looks reasonable). One to watch.
If you would like to try the software yourself, follow this link for a free 7-day trial
