Friday’s Top Stocks From TradersWire
 I heard AnnTaylor
(ANN) reported a net loss of 18 cents a share. I expected a gap down,
but the issue did the totally opposite. How could that possible? ANN lost more
than expected. Somebody told me later that a highly respected person was
promoted as a new chief executive officer to run the company, and investors
liked the news.
It was a directionless day for both the Dow Jones Industrial Average and
Nasdaq Composite Index. Each index held above its support level and
formed a narrow range bar. Volume was lighter.
Now three stocks for Friday:
Triple witching Friday! It may cause wild gyrations and false moves in prices.
Be careful!
Andrx Group (ADRX): The issue is testing its support level after pulling
back from the March 10 high. Long ADRX if it takes out 23.10. Target is near
24.50. Risk 35-50 cents.
Liberty Media International (LBTYA): The stock may be ready to move out
of a pullback from the March 11 high. Long LBTYA if it trades above 46.08.
Target is 47.70. Risk 50 cents. Â
Kohl’s Corp (KSS): The issue formed a
bullish tail just above the 20-day EMA (exponential moving average). Long KSS if
it moves above 52.39. Target is 54. Risk 50 cents.
T.Kamada
Feel free to mail me your
questions.