Tuesday’s Top Stocks From TradersWire
The Nasdaq-100 Index
closed just above the lower boundary of a channel on less than usual
volume. On the other hand, Diamonds Trust (DIA) staged an impressive
afternoon rally and closed near the day’s high. It appears investors are moving
their capital to big well-known companies.
Now, four stocks for Tuesday:
Altria Group (MO): I know this is a boring stock, but the daily chart
pattern is somewhat attractive. The stock tested its support level successfully
and formed a small hammer. Long MO if it trades above 65. We are looking for 67.
Risk 50 cents.
PepsiCo Inc (PEP): Everyone knows Pepsi. It bounced off a rising
trendline, and looks ready to resume its uptrend. Long PEP if it takes out
54.41. Target is the February 8 high (55.71). Risk 0.5.
American Power Conversion (APCC): I mentioned this stock in TradersWire
today. The issue is testing an important support line, and it appears poised to
bounce. Long APCC if it moves above 21.90. Place a protective stop just below
today’s low (21.36). Target is near 24.
USG Corp (USG): The stock is shaping a bear flag just below the declining
20-day SMA. Short USG if it slips below 30. Target is the February 10 low
(26.80). Risk 0.5-0.75.
T.Kamada
Feel free to mail me your
questions.
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