Trade Ideas: FNB, JGG, RAD, GMT, PCL, HET, CHY, BOE

The duel between bulls and bears ended up net neutral as neither took the days honors. The Trade Ideas scan was reasonably bullish; 8 picks covered a time span of 9 minutes. Top of the pile in frequency at 38 appearances was Kellwood Co (KWD).

Of the remaining picks, none climbed over 12 appearances: Nuveen Global Government Enhanced Income Fund (JGG), GATX Corp (GMT) and Calamos Corp (CHY) all managed this feat. Only one pick edged a bullish cross of the 50-day MA by the 20-day MA: Rite Aid Corp (RAD) - but this could be a whipsaw signal.

The 1-year charts are mixed. Rite Aid (RAD) is shaping a scrappy bullish ascending triangle; buy break of $4.85, stops on loss of $4.40, look for move to $5.80. Trend traders can follow the action in Calamos Co. (CHY) and Blackrock Global Opportunities (BOE). While Harrah's (HET) continues to develop a cup-and-handle pattern.



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


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