Top Trade Ideas For The Week Of June 10, 2013: The Rest
Dragonfly Capital | Jun 09, 2013 02:47AM ET
Here are the Rest of the Top 10:
AmSurg, Ticker: AMSG
AmSurg (AMSG), is moving to the top of a bull flag. It has support for a break higher from a rising and bullish Relative Strength Index (RSI) that never went bearish during the down move, and a Moving Average Convergence Divergence indicator (MACD) that is improving on the histogram and leveling on the signal line. Computer Sciences, Ticker: CSC
Computer Sciences (CSC), bucked the trend, moving higher during the broad market pullback. Now over the 50 and 100 day Simple Moving Averages (SMA), it hassupport for continued upward price action from a rising and bullish RSI, and a MACD that is also rising.
Eaton, Ticker: ETN
Eaton (ETN), pulled back to retest the break out level from May last week. It held with a Hammer reversal candle and moved higher Friday. it has support for more upside from a rising RSI and a MACD that is improving on the histogram, and stalling the decline on the signal line.
KeyCorp, Ticker: KEY
KeyCorp (KEY), held up well in the market downturn, building a channel between 10.45 and 10.95. As it heads to the top of the channel it has support for more upside from a rising and bullish RSI, and a MACD that is turning back higher. Swift Transportation, Ticker: SWFT
Swift Transportation, SWFT, reversed the rolling lower on Friday and made a new closing high in the bull flag.
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The RSI is moving higher in bullish territory with a MACD that is also turning up.
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
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