BTU is in an uptrend and is at the trend line currently making it a good entry point tomorrow in the morning. Stop is at 22.75. Target is 29 with the next resistance level after that at around 36. This stock could provide a couple of good swing trades in the near future.
BVN has a formation much like BTU. Both are energy stocks so its no surprise. Current target is 20 with a stop at 14.90.
EQ and TTI are much the same as BTU and BVN. Both are in short term uptrends and are bouncing off of diagonal support. Ideal entry would have been the end of the day today, but early morning entry after 10:00 may also provide another decent entry opportunity. Embarq has a price target right now of 40, with 43 being the next resistance after that. Exit at close below 35.25. TTI is very similar. The next two resistance lines are at 6 and 7 with an stop at 4.60. Again, ideal entry was today but tomorrow between 10 and noon may also provide a relatively good entry price.
No comments:
Post a Comment