Thoughts 03/06/14

ANH - looks like it needs to rest here. Could short for a quick trade under 5.16.

BTG - had a nice break out above 2.93. Looks like it can go higher, but is reaching overbought levels. Keep an eye on volume and the 3.08 level.

DRE - looks like it really wants to rest here. May pullback to 16.35 and form a cup with handle. I would like to see 17's before I short this. Then track it for the next leg up.

HL - don't really like the chart, but it might run if it can get thru the days hi 3.54 with some volume.

KIM - looks like it can break the 22.83 resistance and march toward the year high. In the short term it may pullback to 22.30 or 22.

MAC - looks like a buy at 61. Nice base over the past few months with a decent breakout. Tested new support and kept going. Hitting overbought levels so it may test 61 again or run past 61.90 for a nother buy trigger.

GNC - an ugly chart, but I think this goes lower from here. Watch out for a move above 49. Look to short under 48.

PVH - watch for a move under the 200day and volume or a break above 127.13


0 comments:

Post a Comment