I'm still scanning my watchlists as the market sells off. We all know how some stocks can survive and even thrive during these downdrafts. Below are a few possibilities that are on my radar. I'm not making any buy or sell recommendations. The market is continuing it's downtrend and these stocks may pull back to their b/o points for entering positions. I'm only putting these out there as candidates for those who want to include them in their own watchlists.
$ARX Nice move up after earnings breaking some overhead resistance. Volume was good; MACD/RSI are beginning to curl up. I would look for a pullback to the break (white line) for any long position. First and second targets are shown by green lines.
$FNF Another good earnings report moved this over minor resistance. Good volume; MACD/RSI need to confirm; pullback to break for long position.
$NXTM Moving up to overhead resistance on good volume. Two levels of resistance to overcome at the 14 and 15 dollar levels. Buy stop at the break.
$RSTI Another strong move on huge volume. MACD/RSI just beginning to curl up. Pullback to break for buy and long position. First target 23.50 area and top of gap.
$THC Health Care play. Break above previous high on volume. MACD/RSI confirm.
That's all for now my friends. Remember to Trade Smart, Stay Solvent, Stay in the Game.
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