Here are a few I will be watching...
A few from the oil sector:
CXO
NOV
Also looking at the steel sector. Here is one:
SCHN
Many charts are extended in the short term and have similar patterns that offer could shorting opportunities. These are just a few I like because they have the 50 dma as further resistance near by.
Have a Happy Thanksgiving! Gobble til you wobble.
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2 comments:
What do you think of SWN for a long position? The daily chart seems to indicate an inverse head-and-shoulders and the fundamentals look good. I'm thinking an entry around 36.5 after the expected market pull back.
I apologize if it is inappropriate to ask this sort of question here. I'm learning how to trade and just wondering if my analysis is at least in the ball park.
This is a perfectly good place to ask.
SWN just looks like it is range trading to me right now. And just doing some basing action until the market develops a new trend. It has moved around 50% over the last few sessions from 24 to 36 so I think it needs more time. It has held up surprisingly well with oil being crushed compared to a stock like PXP. It has held onto its uptrend on a weekly chart and is worth keeping on the radar should oil make another run.
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