Monday’s Top Stocks From TradersWire

The Dow Jones Industrial Average lost 0.7% of its value, but it managed to close
above a rising trendline. In spite of Thursday’s bullish tail, the Nasdaq
Composite Index failed to take out the 50-day SMA (simple moving average).
Volume was lighter than its daily average.

Now, four stocks for Monday:

AES Corp (AES): The issue may be ready to resume its uptrend. It closed near the
day’s high just above the 38.2% retracement level. Long AES if it moves above
16.82. Target is near 18. Risk 35-50 cents.

Pride International (PDE): The stock is testing its support level after pulling
back from the March 8 high. Long PDE if it takes out 26.11. Target is 27.50.
Risk 0.35-0.5.

Ann Taylor Stores (ANN): The issue bounced off the 38.2% retracement level and
closed near the day’s best level. Long ANN if it trades above 25.15. Target is
26. Risk 35 cents.

Dell Inc (DELL): The stock is forming a descending triangle. We are looking for
a breakdown. Short DELL if it slips below 39.50. Target is 38. Risk 0.5-0.75.

T.Kamada