ENB looks like it could go further north. Nice little gap this morning, but watch out with a move under 42.90 and volume or 42.50 and volume.
EXK nice little gap up, but this is in overbought territory and may need to rest before breaking through resistance.
LEG has more upside, but may also need to rest in a couple of days. Watch out for a move under 31.25 and volume.
OFC looks like it has more room to move north. May rest here since it is in overbought territory. Watch out for a move under 26.80 and volume.
Thoughts For Week of 02/18/14
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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.
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.
Trade Ideas for Week of 02/03/14
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ESV looks extremely oversold. Look for bounce here at this doji. Watch for a break below doji low or of 49.
MWE hitting overbought territory. Look for a dip here, but watch as this could test 71 or even 72.
FNV This may go sideways to rest, but definitely has a lot more upside potential. Look for a break out above 60. Buy on a weak dip 47.
RTEC needs to breakout above the 200 day to look good. I believe it will stall and become a great short at the 200 day. However, market may have an impact on this one.
MWE hitting overbought territory. Look for a dip here, but watch as this could test 71 or even 72.
FNV This may go sideways to rest, but definitely has a lot more upside potential. Look for a break out above 60. Buy on a weak dip 47.
RTEC needs to breakout above the 200 day to look good. I believe it will stall and become a great short at the 200 day. However, market may have an impact on this one.
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