6 Trade Ideas For The Coming Week
Sinisa Persic, CMT | Aug 12, 2017 04:28PM ET
FirstEnergy Corp. (NYSE:FE) established tight base over the last two weeks and break of resistance in the 32.4 area could trigger new up wave.
Gray Television Inc (NYSE:GTN) has been in consolidation last week below 14.8 resistance break of which could signal new short term momentum toward 15.80 zone.
Microsoft Corporation (NASDAQ:MSFT) formed large bullish flag over the last 4 weeks. Break of 20 SMA and descending trend line around 73.20, which represent resistance, could send prices back to all time highs in the 74 area.
Progress Software Corporation (NASDAQ:PRGS) is approaching all time highs around 32.6 which is also horizontal resistance. Break of that area is likely new buy signal. Target in a case of confirmed breakout is 33.5-34 zone.
Web.com Group Inc (NASDAQ:WEB) is in a bullish pennant pattern. Break of 23.8 could signal new wave of buying. First target is in the 24.8 area.
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Willis Towers Watson PLC (NASDAQ:WLTW) has been consolidating over the last few weeks in a tight range below 151 resistance. Break of 151 could be new buy signal for a swing trade with target in the 153.5 area.
Good trading!
Sinisa Persic, CMT
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