Friday’s Top Stocks From TradingMarkets
I don’t know how many of
you are planning to trade the day after Thanksgiving Day. It will be
quiet, and the market will be closing at 1:00 PM. It might be an excellent idea
to make it a long weekend.
Goldman Sachs started coverage on Google (GOOG) with an Outperform and
gave a $215 target price. The stock gapped up at the open, but it failed to
break above the top of a descending triangle.
As expected, volume on both Nasdaq-100 Index Tracking stock (QQQ) and
Diamonds Trust (DIA) was light. QQQ closed right at the November 18 high.
DIA looks ready to rally out of a pullback from the November 17 high.
Let’s look at three stocks for Friday:
I’m not expecting much of activities. Enjoy your holiday weekend. Spend good
time with your family.
Internet HOLDRs (HHH): The stock took out a resistance line and closed at
a 52-week high on heavy volume. We are looking for a continuation of this upward
move. Long HHH if it trades above 68.34. Our initial target is 69.80. Place a
stop slightly below 68.
CV Therapeutics (CVTX): The issue is in a pullback from the November 17
high. Long CVTX if it takes out today’s high (21.02). Target is near 23. Place a
stop just below today’s low (20.32).
Laboratory Corp (LH): The stock is holding just above a support line.
Long LH if it moves above 48. The initial target is 50. Place a stop slightly
below today’s low (47.23)
Good night!
If you have questions, feel free to mail them to me.