Your Broker is Celebrating, You Should Join Them

• Posted by Greg Harmon
• on December 16th, 2013

A couple of weeks back E*Trade Financial, $ETFC, was one of my Top 10 weekly picks for subscribers. It is doing well and continuing to trend higher. But if you missed that one there are other brokerage stocks that are on the cusp of a break out that are worth putting on your radar. After all, if your broker is going to be celebrating you might as well too right?

Interactive Brokers, $IBKR, has been consolidating a move higher over the last 2 weeks. During that time it has worked off a overbought condition on the Relative Strength Index (RSI) as it moves into the apex of a descending triangle. Look for a break over the top of the triangle to try a long position in this stock.

Finally Charles Schwab, $SCHW, is also consolidating after a move higher. A move over 25.15 triggers another long enter for the next leg higher in the series of steps up. By the way, E*Trade is ready to enter if you missed it on a move over 18.70.

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