Sunday, November 7, 2010

Setups for 11/08/2010

APWR found support at 50 MA. Setting up a Bull flag. Over 7.70 it could try 200 MA

COV long over 42 . Target 43.25
CPNO basing at 20 MA. Bullish engulfing candle on Friday.MACD about to cross. Stochastic has room to run. Long over 27.80.
GXDX bounced 50 MA Friday. Over 18.55 it could fill the gap.

N basing at 50 MA. Bounced 50% Fib. retracement  level twice. Setting up a descending triangle. Over 22 , it breaks and could work for a long trade.
LGCY break out trade over 26.50

NM is a shipping play. Shippers were strong on Friday. I like it long over 6.25. 1st target 6.80 area.

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