Friday’s Top Stocks From TradersWire

The Nasdaq Composite Index finished at the worst level of the year on increased
volume. What would motivate buyers to come back to the market? As you can see,
the MACD histogram is showing a positive divergence. But, it’s Friday tomorrow.
Are investors willing to hold long positions over the weekend?

In spite of Wednesday’s mildly bullish bar, the Dow Jones Industrial Average
could not follow through to the upside. Needless to say, the index looks ready
to test the April 20 low.

Now, three stocks for Friday:

Triad Hospitals (TRI): The issue is showing relative strength and holding
above its support level. Long TRI if it takes out 50.20. Target is near 51.50.
Risk 50 cents.

International Business Machines (IBM): The stock is forming a bear flag.
Short IBM if it slips below 75.64. Target is the April 20 low (71.85). Risk
0.75-1.00.

United Parcel Service (UPS): The issue failed to break above the 20-day
MA and shaped a bearish tail. Short UPS if it trades below 69.50. Target is 68.
Risk 05-0.75.