Wk4: Watchlist Update

22 Jan

All our picks for the week are doing quite well. BMRN has pulled back nicely and is setting up for an entry. GILD broke out today and closed above its 200 day moving average. SINA and RL gapped lower Tuesday, but continued to breakdown to are target before rallying and AXP broken down from it’s descending triangle which will now act as resistance. Here is another stock to add to the long pile.

ASEI (long)
Ascending Triangle
Entry: $80.00
Stop: Under Wednesday’s low
Target: 82.75
Option Play: FEB 80 calls
Comments: ASEI is looking to breakout of its Ascending Triangle once again. Look to buy over the hammer with a stop under the low

No comments yet

Leave a Reply