Subscribe to Posts
Subscribe to Comments
The PPT

Pre-Market 5

Written by Zachary A. Musso On 8/25/2009 08:41:00 AM
Morning All!

Thought I'd put together a quick list of tickers that I like before the opening bell, so without further ado, let's hit the technicals:

AXL 3 Month, Daily
Classic bull flag w/ low volume distribution pullback - Looking for 5.70 to hold support

CERS 6 Month, Daily
Developing rounded bottom - Watch for total volume decline and consolidation around 2.07 until the ascending trendline and 20d SMA catch up with the price action

CHINA 3 Month, Daily
Volume breakout on a two day price pop - the descending trendline is still holding the price in check, but if volume accumulation persists, look for a price breakout as well (5d/10d SMA Cross)

CIT 6 Month, Daily
Mixed price around the 1.35 price level, total volume decline - Watch for consolidation around 1.35 if volume begins to get choppy (5d/10d SMA Cross w/ fast approaching descending trendline also something to watch)

HERO 6 Month, Daily
Ascending triangle price pattern still holding on a pick up in volume accumulation - Watch for the break above the 5.00 price level with momentum (5d/10d SMA Cross & volume accumulation) backing the pop

That's all for now all - Good luck during today's trading session!


ZM

0 Response to 'Pre-Market 5'

Post a Comment

MJTT Disclaimer

I am not, by any means, a financial analyst. All posts and tickers mentioned in them are my opinions and my opinions only. If you buy and sell ANY tickers because of my recommendation, you are trading at your own risk.

Zachary A. Musso - MJTT Owner/Author

Trader Bio

My Photo
Fully Discretionary, Speculative Futures Trader - Technical Analysis Junkie - Bentley University Class of 2014.

Loyal Readers

Vote for MJTT

Twitter Updates

MJTT on Facebook

MJTT Archives