Markets (so far) have done a decent job atoning for some of Friday's losses. Whether they can regain their breakouts in the last hour of trading remains to be seen. The Trade Ideas scan showed modest buying; the 8 picks covered 5 minutes of time.

There was no one dominant stock; AAR Corp (AIR) made the most appearances over the course of the day at 24. Within the time span of the scan (the 5 minutes), Coca Cola Femsa (KOF) made 4 appearances (20 for the day).

Canada iShares (EWC) and Scotia Bank (BNS) are working through prior bearish crosses in their 20-day and 50-day MAs. AAR Corp (AIR) and Coca Cola Femsa (KOF) were the only picks to make bullish crosses over this period. Cup-and-handle buyers can look to Canada iShares (EWC: Buy @ $25.25; Stop loss on $24; Projected target: $30), Coca Cola Femsa (KOF: Buy: Trigger hit if current level holds into close; Stop loss on $32; Projected target: $42) and to a lesser degree, AAR Corp (AIR: Buy @ 20-day MA or break of $26.30; Stop loss on $25; Projected target of $36).

If you would like to try a full version of the Trade-Ideas software, follow this link for a free 7-day trial.

Popular posts from this blog

Round 2 for the bearish "black" candlestick in S&P and Nasdaq

Big bearish engulfing patterns as positive start negated

Being "Right" but still losing...


Show more