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.
Email Article
Send this article by email
The above story is the opinion of the author only and it does not reflect
iStockAnalyst opinion. Further, the author is not personally advising you
regarding the suitability of the story for your investment needs. In no event
iStockAnalyst will be liable for any loss or damage including without
limitation, indirect or consequential loss or damage, or any loss or damage
whatsoever arising from or arising out of, or in connection with the use of this
information. Please consult your investment advisor before making any investment
decision.
