Thursday’s Top Stocks From TradersWire
Thanksgiving Day,
Christmas, and New Year, we have plenty of opportunities to overeat.
After all, how could we celebrate holidays without good food? If you want to go
on diet, wait till next year. It’s only a few days away. I wonder what’s going
to happen, if millions of us really decide to go on diet. Will it positively affect
Weight Watchers (WTW)? The stock has been consolidating just above a support
line. Obviously, WTW is struggling to move above a gap.
Diamonds Trust (DIA) lost 0.14% of its value on less than its average
volume. Definitely, big players are away from the market. Nasdaq-100 Index
gained 0.76 point. But, it is still facing the December 15 high to overcome.
Now, three stocks for Thursday:
Jabil Circuit (JBL): The issue is testing the lower boundary of a rising
channel. Long JBL if it takes out 25.44. Target is 27. Place a protective stop
at 24.80.
BEA Systems (BEAS): The stock bounced off off its 200-day SMA and formed
a bullish engulfing bar on increased volume. Long BEAS if it trades above 8.83.
Target is 9.70. Place a stop at 8.57.
Microsemi Corp (MSCC): If the semiconductor sector performs well, MSCC
may be interesting to watch. The issue is testing a support line. Long MSCC if
it moves above 16.85. Target is near 18. Place a stop at 16.34.
Feel free to mail me your questions.
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