Monday’s Top Stocks From TradersWire
Diamonds Trust (DIA)
took out the 50-day MA decisively on increased volume and recorded
five consecutive winning sessions. Although volume was higher than Thursday’s
level, it was still less than its daily average. The Nasdaq-100 Index
finished right at the upper boundary of a bear flag. Also notice the top of a
gap zone is only inches away.
Now, four stocks for Monday:
Robert Half International (RHI): The issue staged a recovery rally and
formed a bullish tail. Long RHI if it trades above 29.18. The initial target is
30. Risk 0.35.
Celgene Corp (CELG): The stock re-crossed above its 50-day MA and closed
near the day’s high. Long CELG if it moves above 28. Our Target is near 30. Risk
0.75.
Shanda Interactive Entertainment (SNDA): The issue failed to take out the
50-day MA and shaped a bearish wide range bar on heavy volume. Short SNDA if it
slips below 33.90. Target is near 30. Risk 0.75.
Chiron Corp (CHIR): The stock broke above the 50-day MA and finished
slightly above a channel. Long CHIR if it trades above 33.63. Target is 35. Risk
0.5.
T.Kamada
If you have questions, feel free to
mail them to me.