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Trade Setups For Thursday, April 22-Chart Analysis AMD, GMCR, COH, LZB, NTY

 April 22, 2010 09:09 AM
 

It looks like we may finally entering a stock pickers market where not everything goes up. We are seeing stocks up 8% in the aftermarket and we see stocks down 8% in the aftermarket. What that means is overbought stocks or stocks with weak growth may start to get beat up and it's going to be really important to weed those out of your portfolio fast. We like stock pickers markets because well that's what we do.

NEW SETUPS
We would buy the following stocks if they trade above the following prices
MED30.08

PLCE 48.38

GMCR 84.73

NTY 47.54

PRXL 24.40

AMD 10.01

COH 43.18 Playing for a quick pop but is somewhat stretched. The higher volume coming in gives us more conviction to take the higher risk

LZB 13.78

Thanks


Rich
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