Trade Setups For Thursday

BIIB – Closed at the highs of the day on Wednesday with good volume, watch for a continued move back to recent highs:

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HK – This one is easy to manage here with a stop under recent lows. I will be a early buyer on strength:

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NBG – Love the location here on the 50 day MA giving us another trade that is easy to manage here. Look to buy strength with a max stop under 5.60:

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OSTK – This one made my runner screen late in the day and I’m looking to buy a move over 27.90:

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PSUN – A beautiful flag pattern setting up above some important moving averages, which gives the trade solid support. Look to buy strength accompanied with volume. A breakout looks imminent:

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SINA – My stock of the year looks set to make an end of year run here. I’m looking to buy with strength in the usual China plays:

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Note: My full watchlist can be found nightly inside 12631, members CLICK HERE. See you guys at the open.

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