Tuesday, May 8, 2012

5 Stocks to Watch for a Breakout

When will the time for these 5 discretionary sector stocks to break out.  The time might not be to far in the future.  Being that the market has bottomed out for this week and may begin to rebound this will provide opportunities for stocks trading against resistance that are in strong uptrends to break out.  Most of these stocks are in ascending triangles patterns.

DISNEY (NYSE: DIS)




Kohls (NYSE: KSS)




Campbells (NYSE: CPB)





Pepsi Co (NYSE: PEP)




Archer Daniel Midland (NYSE: ADM)





Disclaimer: This article is intended to be informative and does not constitute any buy, hold, or sell recommendations. and should not be construed as personalized advice as it does not take into account your specific situation or objectives



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2 comments:

  1. UnknownJuly 2, 2012 at 12:13 PM

    It makes sense, buy cheap and sell expensive. I love dealing with options trading. Possibility of making money is much faster. After all, we want to make money and as much as possible

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    Replies
    1. B HoganJuly 2, 2012 at 10:23 PM

      I agree if you watch the ebb and flow of the the technicals on a stock it can provide such a window into a directional move and by trading the right option it can provide good leverage with lower risk.

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