Top Trade Ideas: ALGT, ALXN, CBOE, CMI, IQNT
Dragonfly Capital | Aug 18, 2014 01:29AM ET
Allegiant Travel Company (NASDAQ:ALGT)
Allegiant Travel, is moving up against resistance for the third time, from a series of marginally higher lows. The RSI is at the cusp of entering the bullish zone and the MACD is rising in support of more upward price action.
Alexion Pharmaceuticals Inc (NASDAQ:ALXN)
Alexion Pharmaceuticals is also approaching a resistance zone for the third time. Its RSI is in the bullish range and the MACD is moving up.
CBOE Holdings Inc (NASDAQ:CBOE)
CBOE is pressing at resistance as well as it sits near the 200 day SMA. The RSI is bullish and rising with a MACD doing the same, both supporting further upside.
Cummins Inc (NYSE:CMI)
Cummins has been in a rising channel since July 2013. The past two weeks have tested the bottom of the channel and held. The RSI has worked of a technically oversold condition and trending higher with a MACD that is rising and crossed up last week. look for a break over short term resistance to move toward the SMA’s above and the top of the channel.
Inteliquent Inc (NASDAQ:IQNT)
Intelliquent is a bottoming and reversal play. The fast move lower at after their earnings release July 24th has settled and price is reversing. The RSI has worked off the technically oversold condition and is rising and the MACD has crossed up.
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