Monday’s Top Stocks From Trading Markets
Gold was the winner today.
$GOX.X (Gold Index) has returned above the 20-day MA, and it appears to
be attempting to rally out of a pullback from the October 8 high.
It tried, but Nasdaq-100 Index Tracking Stock (QQQ) could not finish
above the 200-day MA. As you can see, a rising trendline is still intact. Â
Diamonds Trust (DIA) formed an inside bar. Today’s bar resembles doji,
and it may be signaling a trend change.
Let’s look at three stocks for Monday:
Tekelec (TKLC): The stock broke out of a trading range on heavier than
normal volume. It also decisively took out both 50- and 200-day MAs. We are
looking for a continuation of this upward move.
American International Group (AIG): If you are interested in bottom
fishing, AIG may give you a buying opportunity. The stock formed a bullish
hammer on extremely heavy volume. If AIG takes out 60, we may see a
short-covering rally.
PACCAR Inc (PCAR): The stock moved back above the 20-day MA and closed
near the day’s high. It appears PCAR is attempting to break out of a flag.
Good night and have a nice weekend!
If you have questions, feel free to mail them to me.