Trade Ideas: VLCM, CG, STFC, CVP, VSH, MDP, TAL, NTLI
Today's selection spanned 13 minutes of time for the Trade-Ideas software, a reflection of the slow day for the market. Here are the picks:
VLCM: Weekly cup-and-handle pattern. Projected target of $49, add on break of $36, currently trading at $34.07. Good value. Stops on loss of $33.
CG: Slow-and-steady advance from $22 on the weekly chart. Pressuring $44 resistance. Ride the trend.
STFC: Pushing over December resistance as part of the 2005 rally (see weekly chart). Has far exceeded it point-n-figure target of $27 but this run still has legs.
CVP: Thinly traded but is on the way to shaping a right-hand-side base; note on weekly chart how $13 has been strong resistance in the past. This 2003 IPO has merits.
VSH: Small handle off $14 resistance. Like the previous pick this is in the process of building a base. A break of $14 will see the start of the right-hand-side of a cup take shape. One to watch.
MDP: Only a couple points shy of major supply from 2004. The break of $52 looks to be significant, but not completely out of the woods.
TAL: This IPO has been a solid performer since its prior correction to $17. The last few weeks have primed the bulls for the next push. Excellent money flow. Stops on loss of $19.85.
NTLI: Upside break from 3-week bullish flag. Still plenty of resistance in the $72-73 range (see point-n-figure chart). Earns $8/share according to Yahoo!. Investment grade.
If you would like to try the software yourself, follow this link for a free 7-day trial
VLCM: Weekly cup-and-handle pattern. Projected target of $49, add on break of $36, currently trading at $34.07. Good value. Stops on loss of $33.
CG: Slow-and-steady advance from $22 on the weekly chart. Pressuring $44 resistance. Ride the trend.
STFC: Pushing over December resistance as part of the 2005 rally (see weekly chart). Has far exceeded it point-n-figure target of $27 but this run still has legs.
CVP: Thinly traded but is on the way to shaping a right-hand-side base; note on weekly chart how $13 has been strong resistance in the past. This 2003 IPO has merits.
VSH: Small handle off $14 resistance. Like the previous pick this is in the process of building a base. A break of $14 will see the start of the right-hand-side of a cup take shape. One to watch.
MDP: Only a couple points shy of major supply from 2004. The break of $52 looks to be significant, but not completely out of the woods.
TAL: This IPO has been a solid performer since its prior correction to $17. The last few weeks have primed the bulls for the next push. Excellent money flow. Stops on loss of $19.85.
NTLI: Upside break from 3-week bullish flag. Still plenty of resistance in the $72-73 range (see point-n-figure chart). Earns $8/share according to Yahoo!. Investment grade.
If you would like to try the software yourself, follow this link for a free 7-day trial
