Trade Ideas: EXC, RDY,EFD, ITC, PDX, FIF, EAS, BUD

Bulls kept things bubbling without pulling any major moves. Volume climbed to register an accumulation day for the NASDAQ, but volume for the other indices was lighter than Friday's. The Trade Ideas scan was similarly buyer light; 8 picks covered a time span of 14 minutes.

Anheuser Busch (BUD) was the only stock to make over 20 appearances @ 21 hits.

The moving average front was mixed: Dr. Reddy's (RDY), Pediatrix Medical (PDX), Financial Federal (FIF), and Energy East (EAS) all made recent bullish crosses of the 20-day and 50-day MAs. Anheuser Busch (BUD) and Exelon Corp (EXC) were the only two of the eight picks to make bearish crosses of these averages.

Solid bases look to be shaping up in: Dr. Reddy's (RDY), projected target of $26, stops on break of $16; eFunds Corp (EFD). projected target of $34, stops on loss of $25. A crude bullish ascending triangle has formed in Energy East (EAS), within which is a bullish "Rising-Three-Methods" - really a Rising-Five-Methods - which equated to last week's bullish flag. Stops on a loss of $24.75, projected target of $27.

Trend traders should look to ITC Holdings (ITC), buy dips to the 50-day MA.



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