Trade Ideas: CKH, AIB, MMC, SHW, DIGE, RSCR, FULT, RSYS
The software wasn't short on potential candidates and this selection was made from closing data.
CKH: Bounding along the 50-day MA. Sell off from November has been retraced on increasing money flow, but resistance at $74 could be problematic.
AIB: Weekly chart is of more interest. Large yearly consolidation with $45 resistance. A break of $45 would project a target of $54.
MMC: Another stock which has a more interesting weekly chart. Huge sell off from 2004 is shaping up for a retracement. Buy volume break of $33 for a move to $41.
SHW: Working through a $42-48 base. Improving money flow favors another test of $48. Point-n-figure chart projects a target of $57.
DIGE: Small symmetrical triangle on weekly chart which has consolidated the PPO indicator to a 'buy' signal. Rising money flow an added bonus. Point-n-figure target holds to $20.00 but a move to $32 would trigger a double top breakout
RSCR: Slow and steady advancer. 50-day MA has held support nicely. Point-n-figure target of $30.50 does not look far fetched here.
FULT: Effectively in a large broadening wedge (see weekly chart). Next resistance point looks to be around $19. No real strong trend here.
RSYS: Another basing stock. Large symmetrical triangle on weekly chart. Buy break of $19.50 but keep on watch list until then.
CKH: Bounding along the 50-day MA. Sell off from November has been retraced on increasing money flow, but resistance at $74 could be problematic.
AIB: Weekly chart is of more interest. Large yearly consolidation with $45 resistance. A break of $45 would project a target of $54.
MMC: Another stock which has a more interesting weekly chart. Huge sell off from 2004 is shaping up for a retracement. Buy volume break of $33 for a move to $41.
SHW: Working through a $42-48 base. Improving money flow favors another test of $48. Point-n-figure chart projects a target of $57.
DIGE: Small symmetrical triangle on weekly chart which has consolidated the PPO indicator to a 'buy' signal. Rising money flow an added bonus. Point-n-figure target holds to $20.00 but a move to $32 would trigger a double top breakout
RSCR: Slow and steady advancer. 50-day MA has held support nicely. Point-n-figure target of $30.50 does not look far fetched here.
FULT: Effectively in a large broadening wedge (see weekly chart). Next resistance point looks to be around $19. No real strong trend here.
RSYS: Another basing stock. Large symmetrical triangle on weekly chart. Buy break of $19.50 but keep on watch list until then.
