Friday’s Top Stocks From TradingMarkets
Shortly after 2 p.m., crude oil hit
the session low price of 44. That coupled with the same old rumor of
Osama bin-Laden’s capture seemed to ignite the market.
Diamonds Trust (DIA) closed strongly above the 200-day SMA (simple moving
average) for the first time since July, and Nasdaq-100 Index Tracking Stock
(QQQ) finished right at the 50-day SMA.
Job reports for August will be announced tomorrow morning. Needless to say,
don’t get caught in a sudden reversal. Now, let’s see three stocks for Friday:
Autozone (AZO): It appears the stock is forming a double bottom. Look for
a continuation of the upward move. Watch for the 20-day SMA. It can be a
resistance level.
Sepracor (SEPR): The issue is bouncing off the bottom of a rising
channel. Look for a resumption of the uptrend.
Travelzoo (TZOO): The stock is forming a triangle above the rising 20-day
SMA. Look for a breakout.
Good night and see you tomorrow.
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