Top Trade ideas for Tuesday
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Dendreon Corporation (NASDAQ:DNDN) shares are clearly under accumulation
as traders become familiar with this company's potential. The
accumulation line continues to scale new peaks as somebody out there
gets extra-hungry for DNDN at these levels. There are several
indications I see which suggest a near-term bottom, including large
positive divergences on MACD in daily. A break above 11.03 on a close
basis should be seen as a serious threat for the stock to test the 200
DMA at 13.19. Until that happens traders will want to be on high-alert
to the possibility of a bullish reversal. Keep DNDN on your screen for
Tuesday’s trading session.
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Gulf Resources, Inc.(NASDAQ:GURE) regained the 20-day average for the
first time in over two months. STO bounced off the edge of oversold and
is now back on the upswing. MACD just crossed above signal, giving the
bulls the signal they wanted. GURE has momentum back on its side.
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Brinker International, Inc. (NYSE:EAT) had a strong move today, as the
stock set new 52-week highs. The stock hit a high of $31.19, which is
resistance for the follow through move. You should watch this stock
closely on Tuesday.
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Fonar Corporation (NASDAQ:FONR) made a new 52 week high today closing at
$6.40 on heavy volume. The stock hit a high of $6.44, which is now
resistance for Tuesday’s continuation move. If the stock can break
through resistance, we should see another strong upside move. FONR will
move very quickly, so watch the stock closely on Tuesday.
