Monday, May 11, 2009

Piker's Picks

Update: Another Pick since most of these aren't breaking.
BBBB- Below 200EMA and MA's are in a bearish position.



Here are a couple decent looking trades.

PKI(LONG)- A component in XLV, which is breaking out. Nice bull flag forming, watch to see if it breaks out.

ED(Long)- A component of XLU, which is breaking out. Could break out of its downtrend and bull flag.

SCG(Long)- XLU component as well. Consolidating and looking to break out.

CRM(Short)- Broke its uptrend line, some bearish divergence on the MACD and a sell signal from the Stoch.


AYR(Short)- Resistance above 7.00 and overhead supply. Bearish divergance on MACD and RSI. Clean entry and exit of 8.00 for this trade.


Again these are just ideas. Entrying the trade is at your own risk and you could lose money on these trades. So trade at your own risk