Good setups are few and far between, but I managed to find a few I like. I am approaching with care, considering the distinct possibility of a strong counter-trend rally.
- PTNR is sitting under resistance after a high volume drop earlier in the month.
- MTH: Meritage Homes hit a low of 7.04 in January, and closed at 23.65 yesterday. I am considering buying puts.
- IIVI broke through a one year old trendline yesterday on increasing volume. Hat tip to
Evil Speculator for this one.
- ILMN broke down through the 200 day moving average yesterday on increasing volume.
- SMTS has lower highs and lower lows in place, and appears headed toward March lows.
- STSA is still in an uptrend.
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