Tuesday’s Top Stocks From TradingMarkets
Travelzoo (TZOO), an
online travel service provider, exploded. According to Reuters,
nearly 80 percent of TZOO’s publicly traded shares were sold short in the 30
days ending October 15. Unbelievable! Too many traders were betting TZOO to go
down. The stock gapped up at the open. Sellers panicked, and TZOO finished up
27.76 percent.
Diamonds Trust (DIA) is now up five consecutive trading sessions. It is
nearing its 50-day MA. On the other hand, Nasdaq-100 Index Tracking Stock
(QQQ) formed an inside bar slightly above a support line.Â
Let’s look at three stocks for Tuesday:
CSG Systems International (CSGS): The issue tested its 200-day MA
successfully. Long CSGS if it trades above 17.13. Target is near 18. Place a
stop just below the 200-day MA.
Citrix Systems (CTXS): The stock is forming an ascending triangle. We are
looking for a breakout to a new high. Long CTXS if it takes out 24.25. Our
initial target is 25. Place a stop just below today’s low (23.72).
Citigroup (C): The issue is in a pullback from the October 25 low. Short
C if it slips below 44.21, or below the 20-day MA (44). Target is near 42.80.
Place a stop just above today’s high (44.60).
Good night.
If you have questions, feel free to mail them to me.
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