Thursday’s Top Stocks From TradersWire
Carmax Inc (KMX)
closed poorly on increased volume. We adjusted our stop to breakeven.
Lowe’s (LOW) failed to take out 60, and it formed a bearish tail. We sold
our remaining shares before the close.
The Dow Jones Industrial Average shaped an upper tail again, and the Nasdaq
Composite Index finished near the day’s low.
Now four stocks for Thursday:
Research in Motion (RIMM): The issue managed to hold above its 200-day
SMA and formed a mildly bullish bar. Buy RIMM if it trades above 77.65. The
initial target is 80. Risk one point.
Intel (INTC): The stock shaped an inside bar after pulling back from the
June 2 high. An inside bar often signals a directional change. Long INTC if it
moves above 27.20. The initial target is 28. Risk 40 cents.
VeriSign Inc (VRSN): The issue is approaching a support level. Long VRSN
if it takes out 31.30. We are looking for 33. Risk 70 cents.
Bard CR Inc (BCR): The stock is pulling back to the 38.2% retracement
level from the June 1 low. Short BCR if it slips below 68.70. The initial target
is 67.50. Risk 45 cents.
If you have questions, feel free to
mail them to me.