Long Setups To Watch Next week
Hello Folks. Here are some interesting trading setups to keep an eye on.
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Abercrombie & Fitch Co. (NYSE:ANF) is again a breakout candidate, as
resistance around $37 is under pressure. The chart shows a bullish sign. In the short-term, we could see
a consolidation scenario before a break out above $37 occurs.
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NiSource Inc. (NYSE:NI) Breakout Imminent. The stock seems to be
looking for a reason to push it upward towards 25.79 where next
resistance is formed. Very Bullish Chart. NI is setting up for a strong move soon. Check out the volume on daily
chart as it approaches the top. One to watch next week for sure. Long over 25.79
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V.F. Corporation (NYSE:VFC) - I remain bullish for now, expecting 148/147 to hold.
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Fortinet, Inc.(NASDAQ:FTNT) is also recovering. Resistance is formed at
24.3 and a potential break should open the door for further gains to
25.51.Worth watching going forward.
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FMC Technologies, Inc. (NYSE:FTI) - Despite the bearish market
action on Friday, FTI's stock performed well relative to the whole
market. From a technical standpoint, it looks like a bottom formation
here. A breakout over $44 with strong volume would send this flying.
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Disclaimer :
This is
not an investment advisory, and
should not be used to make
investment decisions. Information
in AC Investor Blog is often
opinionated and should be
considered for information
purposes only. No stock exchange
anywhere has approved or
disapproved of the information
contained herein. There is no
express or implied solicitation
to buy or sell securities. The
charts provided here are not
meant for investment purposes and
only serve as technical
examples. Don't consider buying or
selling any stock without
conducting your own due diligence.
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AC
Labels: ANF, FTI, FTNT, NI, VFC
