Gearing Up For Boring Friday – Few Buy Trades On Trend Reversal
Posted by Stock Online Trader in Stock Picks, Technical Analysis, Watchlist on 10-30-2009
BEE reversed nicely today with decent volume. Long on break above 50 day moving average @1.92. Another good entry would be the break of 2.00
CT had a huge 24% spike. This was actually a good long on break of 2.00. However I was hesitant to go long. Watching for morning action. Long on green, with stop loss below 2.00. Looks very similar to BEE’s chart
NCS has its second green day with good volume. I liked that it closed above 2.00. Will be good entry point on green with stop loss below 2.00
SNV seems to be reversing. Will watch for green, however since its a financial stock with poor record, I hate buying into it.
YRCW had some resistance @4.00. With that taken out, this is a good long trade on green action with stop loss below 4.00.
