Thursday’s Top Stocks From TradingMarkets
The market staged a late
afternoon rally. Shortly after 3 P.M., S & P 500 Index ($SPX.X)
broke out of a trading range and finished at the day’s high.
Nasdaq-100 Index Tracking Stock (QQQ) could not finish above 37, but it
closed near Monday’s high. On the other hand, Diamonds Trust (DIA) ended
strongly, but volume was less than average.
Let’s Look at three stocks for Thursday:
Talbots Inc (TLB): The stock failed to take out yesterday’s high, and it
formed an inside bar. We are looking for a resumption of the downtrend.
Guidant Corp (GDT): The issue has tested its support level successfully,
and it looks ready to move out of a pullback from the October 1 high.
Trimble Navigation (TRMB): The stock has formed a narrow range bar just
above the 20-day MA. It looks poised to resume its uptrend.
Good night and see you tomorrow.
If you have questions, feel free to mail them to me.
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