The ‘B’ Sides

• Posted by Greg Harmon
• on October 31st, 2010

Following on from the Top 10 trade Ideas here are the ‘B’ sides. Great stuff but maybe not as good as the first. You old timers that can remember vinyl know what I mean. Some are a little more racy. Keep them to yourself.

ADY

This is heading to 10.55 with 10.64 and then 11.39 as resistance higher. Support is at 9.50.

DNDN

Under 36 this could fall to 32 or even 30.25. Find your borrow!

FCX

Above 97.50 will see some resistance at 100 then 105 before it can try 118. If it falls out then 85 is coming.

ILMN

If it holds 54 then it can try 56 again and will have a target of 62. If it loses it then support comes at 50.68 followed by 48.16.

MPEL

A cheaper LVS, if it gets over 6.31 and through 6.55 the next stop is 7.25 and then 8.25. A good stop is 6.

NEI

Above 1.68 there is clear air to 1.95-2.01. Support at 1.63 is a good stop.

SCSS

The doji star signals a reversal. Support at 8.02 and a target of 9.

STEC

The stock rejected at 16 resistance again and is headed to 15.10 followed by 14 and finally 13.10 support.

ZSTN

Above 7.80 this stock can run to 8.50 then 9.45. Support at 7.45 give little downside risk.

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