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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
  • Major Indexes BELOW 50dMA, 4 Positions 0 comments
    May 7, 2012 9:27 AM

    Major Indexes BELOW 50dMA, 4 Positions

    05/07 9:15am

    Major indexes are BELOW 50dMA and indicators are NEGATIVE. Further weakness near-term is anticipated and the climate is HIGH CAUTION.

    This morning, futures are pointing to a LOWER opening.

    Focus on stocks meeting the CRITERIA.

    Selective Chartists Positions (with BUY price):
    Nike (NKE)) $111.69
    Lululemon (LULU) $76.55 (Buy #1)
    Lululemon (LULU) $78.60 (Buy #2)
    Lululemon (LULU) $78.93 (Buy #3)

    Closely Monitoring:
    Cerner (CERN)
    CVS (CVS)
    Nordstrom (JWN)
    American Tower (AMT)
    Alexion (ALEX)
    Questcor (QCOR)
    Bed Bath Beyond (BBBY)
    Dollar General (DG)
    Ross Stores (ROST)
    Under Armour (UA)
    Philip Morris (PM)
    Monster Bev. (MNST)

    View the charts:
    http://stockcharts.com/public/1234064/tenpp

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