Trade Setups To Watch on Friday , June 01
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Shares of Zynga Inc (NASDAQ:ZNGA) seems to have bottomed out and is
ready for a decent bounce to 6.75-7 levels where is faces some
resistance. We'll have to watch the stock around those levels. If you are long, initial stoploss should be placed at 5.8.
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Tellabs, Inc. (NASDAQ:TLAB) is showing signs of bottoming out on the charts along with the MACD giving positive signals. The stock has just broke a Falling Wedge Pattern which is usually bullish.
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US Airways Group, Inc. (NYSE:LCC) is a nice stock which has been
trending up nicely. I had spotted this beauty last week at around $11
levels and it continues to surprise us on the upside. Many readers have
made already made 15%+ on the stock.
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Xcel Energy Inc (NYSE:XEL) has just broken out of a range. The stock shall remain bullish above 27 levels.
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Delta Air Lines, Inc. (NYSE:DAL) had a very nice day today, breaking
out above the $12 level on heavy volume. As long as it can hold this
level, it looks good !!
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I found also United Continental Holdings Inc (NYSE:UAL) on my scan list.
A stock looking to trend upwards. It could be a nice addition to your
portfolio $24 might act as good support for the stock. It broke out of a short consolidation today. Volume was strong on signaling that
this move should hold. The technical chart above shows a continuation
of the trend with MACD and RSI in the Bullish areas. The stock is in a
strong bull market with both 50 day and 200 day moving average going
up. Keep an
eye on it.
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Labels: DAL, LCC, TLAB, UAL, XEL, ZNGA
