Monday’s Top Stocks From TradersWire
eBay Inc (EBAY)
finally formed an up bar on its weekly chart after losing five consecutive
weeks. It has been a nightmare for long-term investors of the stock.
Notice EBAY shaped an inside bar. We may see a recovery rally next week.
Diamonds Trust (DIA) gained 0.54% and closed just below a horizontal
resistance line. Volume was less than its daily average. The Nasdaq-100 Index
staged a recovery rally and finished near the 38.2% retracement level. Notice
this level coincides with the 50-day EMA.
Now, four stocks for Monday:
Garmin Ltd (GRMN): The issue tested Wednesday’s low successfully and
formed a bullish bar. Long GRMN if it trades above 55.25. We are looking for 58.
Risk 0.5-0.75.
Digital River (DRIV): The stock crossed above the 200-day EMA on strong
volume and closed near the day’s high. Long DRIV if it takes out 33.50. The
initial target is 34.50. Risk 0.5.
Genzyme Corp (GENZ): The issue tested the lower boundary of a trading
range successfully. Long GENZ if it moves above 59.23. Target is near 61. Risk
0.75.
Martha Stewart (MSO): The stock looks ready to rally out of a pullback.
Long MSO if it rises above 33.25. Target is the February 4 high (36.53). Risk
0.75.
T.Kamada
Feel free to mail me your
questions.
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