Several stocks holding up quite well on a relative and absolute basis in this market, from an overall chart perspective, are: ACHN AGIO FRGI JACK JWN. They continue to be long ideas if the rally continues.
And on the short side, if we see the market start to crack I like AmEx on weakness after bouncing back up to its declining 20-day moving average.
The daily chart, below, shows that the damage sustained this autumn is far from repaired.
Drop me your top tickers overnight.
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I picked up some calls in SODA, looks to be doing what I thought, and your input helped my conviction.
RC mentioned retail doing well the other night, that’s why I have my eye on BEBE and ARO. They’re beaten down, with high short interest. Fundamentally BEBE is a lot better, and ARO has the higher short float.
ARO may be risky, but it has a channel to run in, which might be good for a quick trade, especially on today’s momentum http://finviz.com/quote.ashx?t=ARO&ty=c&ta=1&p=d&b=1
I’m also interested in WFM and TSLA.
WFM I would want to get in and get a quick $1 run to about $39, then cut it. The 10% short float helps.
TSLA, with a 23% short float, is an AMAZING company, with an AMAZING product, run by a genius. It’s got the got the support of the 200 SMA. If it can break the 20 and 50 SMAs, it could run to $300 by XMAS. Fully depending on if the rally stands, and if the Turkey Gods show up.
Appreciate and love your analysis dude.
When I said “mentioned retail” I meant “department stores,” which, in this case, is not the same thing. I was referencing this post from yesterday. http://ibankcoin.com/rcblog/2014/10/20/daily-scorecard-165/
ZLTQ kinda looks similar to ACHN.