Thoughts For Week of 02/18/14

MUX showing a nice doji star. Coupled with the overbought RSI, this may pullback to rest. This looks like it has some upside though but after a pullback. Poor market conditions may beat on this. Short for a quick trade as this may test 2.90s again. Buy opportunity if 2.70s hold,.

REM is another stock that may pullback before moving upward again. RSI is overbought and volume is diverging from price action. Could pullback to 12.20 before another run. Watch out for the 20day break down.

SWI is a good looking chart. This may rest before running north again. Watch out for a break under 42 or the 20day. Volume has diverged slightly from price action, rsi is overbought and obv has reached a res level.
Looks like it needs to rest a bit.

CI is kinda ugly, but macd is compressing, rsi rising, and volume has been fairly strong for recent sessions. Look for a move above 200day to test 81.

BGS looks like a bullish harami, but needs confirmation. Rsi is oversold, it is below the bbands and just bounced off a significant support level. This may run up near 30 to rest before moving lower.

BRK/B dunno if you can short this but I think this recent run north won't last. This may test 116 or even 118 before pulling back. Look for a move back below the 200day. Notice the death cross and volume divergence.

GIS looks like it might post a doji or star this next couple of trading sessions before pulling back. Notice death cross. Might test 51 before a move south.

WCN is hitting overought levels as well as a significant resistance level. May post a doji or small candle soon before pulling back near the 200day. Notice death cross and price volume/price divergence, but volume on the 10th was also staggering.




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