Trade Ideas For Friday

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LOCO – Down almost in a straight line, watch for a relief rally to begin. Look for things to perk up above 21.50, here’s a 30 min chart:

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MOMO – Here’s a recent iPO that can get moving in a hurry. There’s a long trade in here above $14:

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CLDX – Found on the runner screen the last few days, this one has potential to squeeze above the 20 day moving average, currently 19.02:

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DSKY – A Fly favorite here with a nice little consolidation pattern. I move above $19 gets this one going, keep it on watch here:

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MBLY – OA has this one on the radar, and so you should too. Great close today above the 20 day moving average, watch for continuation here:

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And, then there’s YELP, practically left for dead. If social media plays start moving, I like this one above $52.95 for a trade:

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