Stock Quote        
  Join        Login  
logo

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


Are you beating the market? We are!!!
Every trading day, be ready to attack the market instead of reacting to the market.

Subscribe to our premium newsletter - i On The Market


Two Week FREE Trial


Signup for i on the market daily edition


Advertisement

Comments Closed





Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.