Stocks Reverse To Close Higher, 6 Positions
Apr. 07, 2011 8:32 AM ET
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Seeking Alpha Analyst Since 2010
Hello and welcome to Selective Chartists. I am Joe Majocha, full-time trader (NYSE, NASDAQ growth stocks) since 2000 and founder of SC(2004). SC offers stock analysis and trading considerations for hedge funds, financial analysts and self - directed traders. Our uniqueness is proprietary scans resulting in an exceptional record of winning trades. Through the day, scans produce a narrow list of candidates positioned for higher levels short-term. Subscribers are notified when price targets are triggered. All reports are available for public viewing by visiting our archive section. Whether you are a novice or seasoned trader, Selective Chartists can enhance your probability to make money and save hours of your time. Please take the time to navigate: www.selectivechartists.com. I am a speaker at educational forums, featured guest on national radio programs focusing on stock market activity and author of the instructional publication: The ART Of The CHART - A Guide To Knowing When and Why To Buy & Sell Stocks.Try our 30-day risk FREE trial and receive your complementary copy (Ebook).
On Wednesday, stocks reversed in mid-afternoon to close higher on rising volume. However, many leadiing stocks pulled back signaling CAUTION. After recent gains, near-term pullbacks are anticipated.
This morning, futures are pointing to a HIGHER opening for the major indexes.
Focus is on stocks holding above the 50dMA & close to / meeting the CRITERIA.
Selective Chartists Positions (with BUY price): 6 (subscribers only)
JP Penny (JCP)
Ross Stores (ROST)
View the charts:
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