Friday’s Top Stocks From TradingMarkets
We will get September’s
employment report tomorrow morning. Can it push Nasdaq-100 Index
tracking stock (QQQ) out of a trading range? How about Diamonds Trust
(DIA)? Is it going to test its 200-day MA, or the low set on September 28?
Another interesting sector is semiconductor. SMH (Semiconductor HOLDRs)
has been trading in a very narrow range, and it means the stock is ready for a
big move.
Let’s look at three stocks for Friday:
Countrywide Financial (CFC): The stock is forming a bull flag above the
20-day MA. We are looking for a breakout.
Anheuser Busch (BUD): The issue shaped a bearish engulfing bar, and it
closed right at the bottom of a channel (an extended bear flag). Look for a
breakdown.
Martek Biosciences (MATK): The stock, like Anheuser Busch (BUD),
formed a bearish engulfing bar. Look for a test of the October 1 low.
Good night and see you tomorrow.
If you have questions, feel free to mail them to me.