This morning, futures are pointing to a MIXED opening.
Focus is on stocks holding ABOVE 50 & 200dMA (meeting CRITERIA).
Dollar Tree (NASDAQ:DLTR)
Express Scripts (NASDAQ:ESRX)
Ultra Pharm (NASDAQ:ULTA)
Under Armour (NYSE:UA)
Cabot OIl (NYSE:COG)
View the charts:
On Wed., stocks staged a downside reversal on continuing worries over Greece. Volume rose across the board suggesting institutions did more selling than buying. The reversal on heavier volume is a technical negative and injects a higher degree of CAUTION. RSI & MACD indicators have been displaying tiring activity during the past few weeks. After recent rallies, it has been anticipated that stocks are due for near-term pullbacks. Numerous leading stocks are extended and need to digest gains & rebuild momentum.