Trade Ideas For Thursday

I ran a quick screen inside The PPT that searches for today’s top hybrid movers, but leaves out companies that do not produce positive free cash flow. In other words, here is the cream of the crop from today’s action. PPT members can save this screen to their profile page HERE.

I’ve imported the results to finviz for your viewing pleasure, the results can be found HERE.

Below, are my favorite setups heading into Thursday:

YHOO – Strong bounce off trendline support today, with the slow stochastic giving the buy signal. I like the stock here on a dip back to the 50 day moving average or a move above Wednesday’s high.

_____

GLUU – I highlighted this one near the close, as I decided to take a position in the name. I love the close near the high of day as well as the close above last week’s high. Watch for continuation, targeting a quick move to $5.50-6:

_____

TTWO – Recovered the 20 & 50 day moving average on Wednesday giving the bulls the edge. Watch for prices to get fast above Wednesday’s high, 25.51:

______

CF – Love the failing wedge here as well as the slow stochastic buy signal. A move above Wednesday’s high, 286.82, could ignite this one:

____

UBNT – This one closed right beneath the 50 day moving average, but is threatening to break this downward sloping trendline.  I will use the average as my signal to get long, meaning a move above Wednesday’s high will trigger a buy signal:

___

PCRX – I’ve been waiting for a possible entry in this name, as there’s a huge underlying fundamental story playing out here. I like the name on strength or a dip, I just want to see the $84 level hold if long:

____

Other tickers of interest here, from the screen above, include: VIPS, C, DIS, NKE, KORS, BIIB, PANW, NQ, REGN, GRFS, DENN, & FIS.

Remember these tickers were not randomly selected, they came from strong moves in their respective hybrid score. The fundamentals are also in favor of the bulls, adding just one more data point, to help us with the probability of success.

Make sure you check out the other side of iBC, our trading room 12631, as we look to trade a few of these setups tomorrow.

If you enjoy the content at iBankCoin, please follow us on Twitter