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Stocks Climb On Light Volume, 7 Positions

Stocks Climb On Light Volume, 7 Positions

02/14 8:30am

On Monday, stocks scored gains helped by Greece agreeing to measures needed to avoid default. Volume was light across the board. RSI indicator for major indexes is 70 + suggesting EXTENDED / Overbought & Momentum (MACD) is weakening. Numerous leading stocks are displaying mixed indicators suggesting we may be ready for a pullback. Pullbacks on LIGHT volume would be healthy to digest gains & rebuild momentum. Be sure to employ stop-loss limits (Max. 7% from buy price which should be 5% within pivot point).

This morning, futures are pointing to a MIXED opening.

Focus is on stocks holding ABOVE 50 & 200dMA (meeting CRITERIA).

Selective Chartists Positions (with BUY price):

BioMarin Pharm (NASDAQ:BMRN) $37.28 (Buy #1)
BioMarin Pharm (BMRN) $37.68 (Buy #2)

Jazz Pharm (NASDAQ:JAZZ) $49.90 (Buy #1)
Jazz Pharm (JAZZ) $50.10 (Buy #2)
Jazz Pharm (JAZZ) $50.81 (Buy #3)
Alexion (NASDAQ:ALXN) $82.62

Citirix (NASDAQ:CTXS) $71.02

FYI: On Mon., SOLD AAPL & WFM to lock-in profits.

Closely Monitoring:
Polaris (NYSE:PII)
Ultra Pharm (NASDAQ:ULTA)
Nu Skin (NYSE:NUS)
Nordstrom (NYSE:JWN)
Under Armour (NYSE:UA)
Walgreen (WAG)

View the charts:


Disclosure: I am long JAZZ, BMRN, CTXS, ALXN.