The ‘B’ Sides
- Posted by Greg Harmon
- on January 2nd, 2011
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.
ARW
A long Doji string. If breaks lower look for 31.89-32. If breaks higher look for 36.50.
CMA
If holds the flag above 42 then can break out higher above 43 to target of 45.25.
DPS
Accelerating downward, under 35 has a 33.50 target then 32.
DPZ
Bull flag, over 16.25 target is 17.50, lower support at 15-15.18.
HERO
In a Bull flag, over 3.65 target is 4.20.
ILMN
Losing the 20 day SMA, under 62 there is support at 59 then 57.
SQNM
Bull flag, over 8.15 sees resistance at 8.7 then a target of 12.60.
STJ
in a Bull flag, if gets over 43 then target is 47.30.
TGP
Consolidating for move higher as MACD looks ready to rise, target 40
ZION
Consolidating at 24 R/S, the target on a hold and rise is at 29 with resistance at 27 along the way.
Good night all.
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Gregory W. Harmon CMT, CFA, has traded since 1986 and held senior positions including Head of Global Trading, Head of Product Development, Head of Strategy and Director of Equity. (More)