Thursday, July 5, 2007

Stock Ideas - July 5, 2007

Highlight: RLC



RLC has been moving up respecting it's trendline. Currently it seems to be forming a sexy symmetrical triangle setting it's resistance at around 22. A break at this level with significant volume would trigger a buy.

Also take note on how the MACD is positioned where the fast line is about to cross, which may happen at the same time this issue breaks.

Stock Ideas:
AEV - Support 8.6
- MACD about to cross and go above 0 level

AMC - Hold
- Resistance 5.9

APX - Sym Tri
- hovering on support 5.5
- MACD still below zero
- Observe

BAL - Sym Tri
- Buy if break from 5.15 - check volume
- MACD crossed and moving above 0 line
- Target 8.75

RLC - Sym Tri
- REsistance 22
- Target 29.5

SECB - Sym Tri
- Broke 87.5
- Observe

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