Monday, June 18, 2007

Trade Ideas: MAG, FO, RBA, COF, BUD, DRQ, SYY, PXP

It was a peculiar sort of day. Taken together (Friday and Monday) the action in the Nasdaq and Nasdaq 100 looked like that of a buyout candidate - big volume on the 'announcement', then low volume, tight trading, to follow. Who has bidded and accepted the offer for the entire Tech market? :)

Other indices have stalled at resistance, but light volume suggests no real selling pressure.

The Trade Ideas scan was a little slow into the close; the top-8 stocks covered a time span of 10 minutes, but the "20-hit" list covered a reasonably strong 1 hour 31 minutes:

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