6 Stocks to Keep on Your Radar Screen
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Pentair Ltd (NYSE:PNR) continues to sit in a consolidation range. At
some point, the stock will breakout and I want to be there for this
move. Resistance stays at $45. Fresh long should be made only when the
stock closes above this level with an up candle.
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Amazon.com, Inc. (NASDAQ:AMZN) had a strong bullish momentum today
gaining more than 2% and ended the day near the highs of the day. Looks
like it could try and take a trip to 264 or so if volume comes in.
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United Continental Holdings Inc (NYSE:UAL) - On my watch list. $21.22 ( 200-day moving average ) is pretty much the pivot here. If that breaks we could see 23 quickly.
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US Airways Group, Inc. (NYSE:LCC) was a big winner on Tuesday as the
stock ended up $.90 on the day. I will be watching the stock tomorrow
for a continuation move through Tuesday’s highs of $11.88. Although this
trend is encouraging, the near-term outlook stays cautious till the
stock closes conclusively above 12.50 on heavy volume. Bulls could
remain invested with a stop loss at $9.71. Keep LCC on your radar for
Wednesday.
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It seems that investors are buying back the stock after a healthy
pull-back and I do believe the next move higher will take this stock
much closer to my short term target of $40. InterDigital, Inc. (NASDAQ:IDCC) will surprise many people in the weeks and months ahead IMO.
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In last Saturday's post I mentioned 6 bullish chart patterns to watch
this week on the long side and Sarepta Therapeutics Inc (NASDAQ:SRPT)
was one of the stocks I highlighted as a potential breakout play. Sure
enough, the stock broke out today in a BIG WAY on 26X normal volume
following the release of positive news of the company’s clinical trials
involving their Muscular Dystrophy drug Eteplirsen. Here's my blog post from back when the rally started 6 Bullish charts to watch next week .Congratulations to all who profited from this
stock.
Labels: AMZN, IDCC, LCC, PNR, SRPT, UAL
