Friday’s Top Stocks From TradingMarkets
Intel (INTC) is trading
more than 7% higher in post-market session after the company raises
its fourth quarter revenue range. Look at the daily chart of Intel. I
wonder how many traders sold the stock short based on this bearish finish.
It tried, but Diamonds Trust (DIA) could not take out the November 17
high and formed a mildly bearish tail. Nasdaq-100 Index ($NDX.X) gained 6
points, and it also formed a mildly bearish tail.
Now, three stocks for Friday:
Reminder, employment reports for November will be released tomorrow morning.
Guidant Corp (GDT): The stock strongly broke out of a range and closed at
a 7-month high. We are looking for a continuation of this upward move. Long GDT
above 69.61. Target is near 73. Risk one point.
AtheroGenics (AGIX): The issue is consolidating just above its 200-day
EMA. Long AGIX if it trades above 25.04. The initial target is 26.50. Risk
0.5-0.75.
Vitesse Semiconductor (VTSS): The stock closed slightly below the top of
a range. We are looking for a breakout. Long VTSS above 3.60. Our initial target
is the 200-day EMA (near 4.00). If this level is taken out, the next target is
4.15. Risk 0.1-0.15.
Good night!
If you have questions, feel free to mail them to me.