Stocks Watchlist For Tuesday, April 03
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Textron Inc. (TXT) stock broke out of the ascending triangle, closing
higher with decent volume. MACD seems to confirm the break out. If by
Tuesday this stock gaps up, you can wait for the return move to get in.
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Crocs, Inc. (NASDAQ:CROX) faces resistance at the 21.6-22 range. A close above the 200-day SMA would impart positive momentum. I will watch the stock closely the next few days, watching for this move to occur. CROX will move quickly and could be too volatile for some traders. The technical indicators are still in favor of the short-term uptrend continuation.
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Smith & Wesson Holding Corporation (NASDAQ:SWHC) broke out today after it has been consolidating the past few trading days. The stock moved up on heavy volume and should have a continuation move on Tuesday. If the stock can break through today's high of $8.5, I am a buyer of the stock.
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Fortinet, Inc. (NASDAQ:FTNT) broke out to new 52-week highs today. I'm
expecting to see the stock continue this move on Tuesday. As long as the
stock stay above $27.9 area, the bullish scenario is still intact.
Technical chart shows bullish sign with %K line on top of %D line and
MACD on top of signal line.
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