Hello trader the general markets is rising today because investors are focusing to good manufacturing data in the United States and Europe. There are many stocks making their new highs and good patterns. I want to share two hot stocks which have a good pattern and probability to rise.
The first one is Wolverine World Wide Inc (NYSE:WWW), a textile company that the stock price makes its new 52 weeks high. The stock price breaks its bullish price channel and cup without handle's resistance with high volume. The slow stochastic and MACD (including MACD histogram) also shows some bullish signs. Then the parabolic SAR keeps to appear below its candlesticks, so I think the stock price would continue its move.
The second stock is Agilent Technologies Inc (NYSE:A) which has made a good, solid bullish price channel pattern. The technology company rebounds from its support then bounces up. The movement is supported by slow stochastic which located in oversold area and ready to go higher. The MACD's fast line is also ready to go higher and cross above the slow line, and the histogram is ready to go higher too. I think the stock price would reach its resistance at around $47.
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.