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Two Stock Picks for Today! 9-Mar-2011

|Includes:CHSI, The Children's Place Retail Stores, Inc. (PLCE)

Hello trader the stock markets mix today still because of rising oil prices. There are two stocks to help anyone who wants to buy some stocks today. But personally I don't recommend you to buy any stock this time as macro conditions could affect company's stock performance. Here they are.

The Childrens Place Retail Stores Inc (NASDAQ:PLCE) formed a triangle pattern. Then the stock price breaks above the resistance with high volume. This kind of pattern is one of my favorite pattern, and the stock with this pattern has a high probability to go up. Besides, the stock price crosses above the 20, 50 and 200 days simple moving averages and the 20 days moving average also crosses above the 50 days moving average. These indicates that the stock would jump sooner or later to its previous resistance at around $57.

The other stock is Catalyst Health Solutions Inc (NASDAQ:CHSI) which breaks its pattern resistance with high volume. The 20 days simple moving average also crosses above the 50 days simple moving average, indicating the stock would go higher until several weeks ahead.

Goodluck!


Source:
Protege Analytics - Find Your Daily Stock Picks

Stocks: PLCE, CHSI