Sunday, March 21, 2010

Some stocks to watch out for

GS - Looking toppy to me. Important resistance right ahead. Negative MACD divergence on the latest upmove. I like the odds of it as a short here rather than a long play.

GOOG - Watch out for 50 MA.

GLD - 108 is the important support here. A break of this and next support is 106.

OCLR - In this one. Really like the volume pattern.

CBB - Nice move up on big volume on Friday. Am going to keep an eye on it and see how it reacts to market weakness. Will take a small starting position if it holds up well.

CNC - Keeps going higher on better and better volume. Break of 22 next buy point.

SFI -  Like this as a short. Weak close on Friday could signal a possible double top formation. Negative MACD divergence makes it even more attractive as a short.

Take care and good luck!

1 comment:

Lee said...

Excellent call on CNC!! Your thoughts from here.....on the stock?