Top Trades Week Of December 2: ConAgra, Illinois Tool, Unilever
Dragonfly Capital | Dec 02, 2013 12:43AM ET
Here are the Rest of the Top 10:
ConAgra Foods, Ticker: (CAG) Fortress Investment Group, Ticker: (FIG)
ConAgra Foods, (CAG),is consolidating after a move up off the pullback to 30. It has nearly filled the gap down from September 10 and has support to continue from a rising and bullish Relative Strength index (RSI) and a MACD about to cross higher.
Fortress Investment Group, (FIG), pulled back from the resistance at 8.75 and found support at 7.35 near the rising 200 day Simple Moving Average (SMA). Currently in a bull flag just under the 50 day SMA, it has support for some upside from a RSI that has moved above the mid line and is holding with a MACD that has crossed up and is rising.
Illinois Tool Works, Ticker: (ITW) Motorola Solutions, Ticker: (MSI)
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Unilever, Ticker: (UL)
Unilever, (UL), is pressing against an important zone near 41 after a minor pullback the last stop there. The higher lows set up an ascending triangle. It has support to push through higher from a bullish RSI and a MACD that is level and starting to move back higher.
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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