Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Pullback Would Be Healthy, 5 Positions

Pullback Would Be Healthy, 5 Positions

03/19 9:00am

Major indexes are trading at 52-weeks highs. RSI indicator is beginning to approach 70 (70 + considered extended). However, MACD, volume, and internal indicators remain positive biased suggesting higher levels may lie ahead. Numerous stocks are close to / meeting the criteria. The TREND remains UP. Pullbacks on light volume would be healthy to digest gains & rebuild momentum.

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):
Herbailfe (NYSE:HLF) $69.25 (Buy #1)
Herbalife (HLF) $69.99 (Buy #2)

Monster Bev. (NASDAQ:MNST) $59.17
Lululemon (NASDAQ:LULU)
PNC Financial (NYSE:PNC) $63.00

Closely Monitoring: (Stock Focus List 03/17)
http://www.selectivechartists.com/analysis/stock-focus-list/alexion-bed-bath-and-beyond-pnc-financial/

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

 

 
 

Disclosure: I am long HLF, MNST, LULU, PNC.