Top Trade Ideas For The Week Of July 15, 2013: The Rest

Dragonfly Capital | Jul 14, 2013 01:37AM ET

Here are the Rest of the Top 10:

Amgen, Ticker: AMGN

Amgen, AMGN, is moving higher out of resistance with support of a rising and bullish Relative Strength Index (RSI) and a Moving Average Convergence Divergence indicator (MACD) that is also rising. These support further upward price action.

Boston Scientific, Ticker: BSX

Boston Scientific, BSX, is approaching the top of a consolidation channel, tightest between 8.92 and 9.45 but up to 9.75. The RSI is bullish and making a new high as it rises with a MACD that is about to cross to positive.
Diamond Offshore Drilling, Ticker: DO

Diamond Offshore Drilling, $DO, is in a Deep Crab Harmonic with a Potential Reversal Zone (PRZ) at 82.52. The RSI and the MACD are bullish and rising to support further upward price action.
Movado, Ticker: MOV

Movado, MOV, is also rising in a Deep Crab pattern with a PRZ to 43.60. It has a RSI that is bullish and verging on technically overbought with a bullish and rising MACD.
Nationstar Mortgage, Ticker: NSM

Nationstar Mortgage, NSM, is moving higher through the 50 day Simple Moving Average (SMA) and previous resistance. It has support for more upside form a bullish and rising RSI and MACD.

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After reviewing over 1,000 charts, I have found some good setups for the week. These were selected and should be viewed in the context of the broad Original post

Written By: Dragonfly Capital

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