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Selective Chartists
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Selective Chartists identifies stocks that meet the CRITERIA. These stocks appear poised for higher levels in the near-term, as indicators are positive & strengthening. Regimented buy / sell rules is KEY... CRITERIA: Focus on 50 top-rated growth stocks ranked by Investors Business Daily... More
My company:
Selective Chartists
My book:
The ART Of The CHART - Knowing When and Why To Buy & Sell Stocks
  • Rally Is Constructive, 4 Positions 0 comments
    Aug 30, 2011 8:39 AM | about stocks: DLTR, LULU

     


     

    08/30     8:30am


    On Monday, stocks surged ignited by a strong July personal spending report and optimism over Europe concerns. Numerous leading stocks are setting bases and may be poised for brekouts on the market's next move higher.

    This morning, futures are pointing to a modestly LOWER opening. However, after strong session on Monday, anticipate profit takiig to occur to digest gains and rebuild momentum. 

    Focus on stocks holding ABOVE the 50dMA and close to the pivot point (ideal buy price).

     

    Selective Chartists Positions (with BUY price):

    Lululemon (LULU) $52.00 (Buy #1)

    Lululemon (LULU) $50.67 (Buy #2)

    Lululemon (LULU) $54.22 (Buy #3)

    Dollar Tree (DLTR) $72.33

      

    Closely Monitoring:

    Cerner (CERN)

    Perrigo (PRGO)

    Crocs (CROX)

    TJX (TJX)

    Hansen (HANS)

    Las Vegs Sands (LVS)

    Wynn (WYNN)

    Mosaic (MOS)

    Potash (POT)



    View Charts:
    http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1563855

    Stocks: DLTR, LULU
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