While the overwhelming majority of airline stocks are now too extended to chase higher, Ryanair is an exception and could easily play catch-up to its peers before earnings on January 27th.
On the first chart below of the daily timeframe, while not a perfect long setup the potential is there to break higher yet out of a long sideways consolation, particularly over $51.
And on the short side, I am still looking at Panera to get hit further on weakness from many consumer-related stocks. The second chart denotes how vulnerable the stock is here.
Drop me your top tickers overnight.
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Giving COG a look here…
PWRD CRAY CNAT ECTE NWBO OSIR CNDO ACHN – Long ideas on watch.
HIMX, VNDA, BRCD