Trade Ideas for Tuesday - Winn-Dixie Stores and Lance
Chart courtesy of www.stockcharts.com ( click to enlarge )LNCE broke $25.17 on Monday, hitting a high of $25.50. This high became resistance for the next breakout move. There is a chance the stock will consolidate on Tuesday, but keep a close eye in case the stock makes it move. I'm buyer of LNCE once it breaks through Monday’s high. Technically the stock is in a good Bullish moment, with all indicators showing strength to move up, its 50 day and 200 day moving average are going up while MACD is above 0 and K line is on top of D line.
Chart courtesy of www.stockcharts.com ( click to enlarge )WINN - Winn-Dixie Stores may be in a consolidation phase following a nice trend. Looks like it will move up again. The technical chart is still showing buy signal with stock trading above 50 day and 200 day moving averages, with MACD on top of 0 and K line on top of D line. Keep an eye for a possible breakout over $14.59.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
That's all Folks. See you tomorrow !!
AC
