The ‘B’ Sides

• Posted by Greg Harmon
• on December 26th, 2010

Following on from the Top 10 trade Ideas here are the ‘B’ sides. Great stuff but maybe not as wide spread as the initial list, and less TA help. Some are a little more edgy and racy. Keep them to yourself. 10 trades tonight.

APL

Has been in a bull flag forever but the MACD may be starting to turn higher. Be ready for a move above 26 to extend to 28.

AVP

Been in a bear flag for since November but range is tightening. Watch for breakdown, driven by the falling 50 day SMA, to test support at 26.40.

AXP

In a bear flag on support of the R/S line near 42.93. RSI looks to have held at 40. Holds then 44 is coming, loses it then 41.85.

BEAT

Above 5 this can run to 5.40 and then next resistance is at 5.94

DLB

Been in a wide consolidation range and now looks like it might be leaking lower. Under 66 sees support at 64.85 and then 63.

IBM

Over 146 target is 156, on the way to 166.

MOO

Over 52.30 can run to 55.

Q

Bull flag, over 7.70 has an initial target of 8.25.

QCOR

Bull flag, over 15.50 has a target of 17.

ZION

Testing resistance at 24, through it sees resistance at 28 first.

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