Free Stock Pick
Free Stock Pick is a daily small-cap swing trade idea and chart provided by Sinisa Persich based on pattern analysis.
MSI our Free Stock Pick for Wed Feb 15th 2012
Motorola (MSI) over the last 3 1/2 months has been consolidating its big run-up from mid-August to the end of October. During this consolidation the stock has made higher lows, and in the last two weeks has run-up towards resistance in the 48 area. A move above 48.15 would confirm the breakout and could lead to 48.95 initially and then 50.20, our secondary target. Stop loss would be 47.05.
FTI our Free Stock Pick for Tue Feb 7th 2012
FMC Technologies (FTI) has been consolidating in an ascending triangle since early December after a two-month run from under 39 to near 55. The stock has double-topped in that 55 area, a break above which would accelerate the stock higher. First target 56.60 and then 58.60, with an initial stop loss of 52.55.
ELN our Free Stock Pick for Thu Feb 2nd 2012
Elan Corp (ELN) has broken out of a rectangular sideways pattern that has contained prices in the 13-14 zone since late December. Our buy stop entry would be 14.41 for a trade to 14.75 initially and then 15.20. Stop loss would be 13.50.
OCZ our Free Stock Pick for Thu Jan 26th 2012
OCZ Technology Group (OCZ) has been consolidating since its big run-up in October in which it nearly doubled above 8. The consolidation has been coiling in the 7 1/2 to 8 area this month. A move above 8.31 would indicate a break out of the flag, with the potential to reach 8.70, our initial target, and then 9.30.
BAP our Free Stock Pick for Tue Jan 24th 2012
Credicorp Ltd. (BAP) has formed a neat, ascending triangle that consolidated its steep run-up in October. The stock is nearing resistance in the 112 area. A move to our buy stop entry price of 112.95 should result in continuation of the trend towards our targets of 115.60 and then 119.20.
