Trade Ideas: UL, IGR, GEL, CTCI, CMS, MAFB, LIOX, GAIA

The correction in today's markets didn't prevent the current selection of stocks from gaining on the day.

UL: Chief resistance lurks at $42.35 as part of a weekly cup-and-handle pattern. A move to $43 will trigger a triple top breakout. Stops on loss of 50-day MA.

IGR: Bullish hammer which looks good in the short term but it may struggle to break $17.50. Solid weekly uptrend.

GEL: $12 is the line in the sand (see weekly chart). Some strong volume over the last couple of months. Point-n-figure target of $17.50.

CTCI: Thinly traded and shaping a crude triangle on the weekly chart. Improving technical strength but perhaps not the best of the picks here.

CMS: Closed over 200-day MA as it works a small handle. Breakout buyers will wait for a move over $15. Resistance at $16.65. Stock has enjoyed strong gains from $8 so this may consolidate a little longer.

MAFB: Handle between $41.50-$43.50. Big resistance at $44.50 stretching back over 2 years; first step is $43.50 though. One to watch

LIOX: Weekly chart shows a $6.50 - $7.50 handle. Daily chart is scrappy. Watch and wait; look to buy break of $7.40.

GAIA: Buy break of $14.00. Thinly traded but has enjoyed some buying interest (see volume spikes on daily chart). Currently hugging the 50-day MA.


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