Trade Ideas: LNDC, UCFC, BDN, WEBX, WEN, MYE, MCD, SPH
Resistance proved to be too much for the bulls as yesterday's heavier volume churning broke in favor of the bears. This swung the Trade Ideas scan from 8 stocks in 1 minute to 8 stocks in 50 minutes. A couple of fast-food joints in the shape of Wendy's (WEN) and McDonalds (MCD) made the cut.
Recent crosses in the 50-day MA by the 20-day MA were observed in UCFC, WEBX, MYE and MCD.
The best looking chart looks to belong to Brandywine Realty Trust (BDN). Resistance of a large bullish ascending triangle at $32 is very close to been beaten. One can run stops on a loss of $31. Earnings are due for Friday so this will likely make or break the stock. Point-n-figure target of $43 looks well within its range. Projected target is $37.
Trade Ideas
LNDC UCFC BDN WEBX WEN MYE MCD SPH
If you would like to try a full version of the Trade-Ideas software, follow this link for a free 7-day trial.
Recent crosses in the 50-day MA by the 20-day MA were observed in UCFC, WEBX, MYE and MCD.
The best looking chart looks to belong to Brandywine Realty Trust (BDN). Resistance of a large bullish ascending triangle at $32 is very close to been beaten. One can run stops on a loss of $31. Earnings are due for Friday so this will likely make or break the stock. Point-n-figure target of $43 looks well within its range. Projected target is $37.
Trade Ideas
LNDC UCFC BDN WEBX WEN MYE MCD SPH
If you would like to try a full version of the Trade-Ideas software, follow this link for a free 7-day trial.