Wednesday’s Top Stocks From TradersWire
Genentech
(
DNA |
Quote |
Chart |
News |
PowerRating) mentioned
last night, did well after the first pullback.
Cadence
(
CDN |
Quote |
Chart |
News |
PowerRating) is trading in a
broadening pattern. This is more of a short than a long at this point, although
there are certain specific ways to trade this type of pattern you should be
aware of.
Kevin Haggerty is the expert on this.
Similar type pattern here on Schnitzer
(
SCHN |
Quote |
Chart |
News |
PowerRating).
If you’re looking for a long, here’s an idea. CME
started to rally from a flag today and may hit that $300 mark again tomorrow. I
know it’s a pricey stock, but these psychological levels serve as powerful
magnest.
The oil inventory numbers come out tomorrow at 10:30 AM.
Analysts are looking for a crude drawdown of -2.8 million barrels.
Brice Wightman