Thursday’s Top Stocks From TradersWire
Let me show you the same chart that Brice,
Editor-in-Chief, was talking about yesterday. The old trendline is intact.
The
S&P E-Mini (ESH5) failed to move above the line and formed a cross-like doji
bar. It may be signaling a directional change.
Diamonds Trust (DIA) could not take out its resistance level, and the
Nasdaq-100 Index slipped below the upper boundary of a gap zone.
Now, four stocks for Thursday:
Nike (NKE): The issue failed to break above the upper boundary of a gap
zone and closed poorly. Short NKE if it trades below 85. Target is near 83. Risk
0.5-0.75.
Genzyme (GENZ): The stock formed a bullish bar at the 50-day MA. Long
GENZ if it takes out 58.41. We are looking for 60. Risk 0.5-0.75.
Intuit (INTU): The issue could not even touch the 200-day MA and finished
poorly. Short INTU if it moves below 39.94. Target is near 38. Risk 0.5-0.75.
Lennar (LEN): The stock is attempting to rally out of a four-day range.
Long LEN if it takes out 58.28. Target is 60. Risk 0.5-0.75.
T.Kamada
Feel free to mail me your
questions.