Friday’s Top Stocks From TradersWire
Boeing (BA) formed
another inside bar just above the 20-day SMA (simple moving average).
The stock’s trend is up. We are looking for a breakout above a mini-triangle.Â
Following Wednesday’s bullish bar, the Nasdaq Composite index gained 14 points
on increased volume and closed only 11 points away from the 2100 level. Again,
the Dow Jones Industrial Average failed to move above the trading range.
Now three stocks for Friday:
InterActive Corp (IACI): The stock formed an inside bar just above the
rising 20-day SMA. Long IACI if it takes out 25.40. We are looking for the June
9 high (26.26). Risk 40 cents.
Google (GOOG): The issue is attempting to break out of a declining
channel. Long GOOG if it trades above 278.35. The initial target is near 283.
Risk two points.
Lehman Brothers (LEH): The stock failed to break above the prior high,
and it shaped a bearish bar. Notice the stochastic is showing a small negative
divergence. Short LEH if it slips below 95.40. The initial target is the 20-day
SMA (93.36). Risk one point.Â
Feel free to mail me your
questions.
Â