Today the market (SPY) provided a follow up in its price action to yesterday’s break above the trend line. It can be a shakeout, but I still see it more likely as a bottoming pattern. Today’s price extended recent rally all the way up to 50 day MA, but it broke thru the two month Continue reading →
Cognizant Technology Solutions Corporation A (CTSH) an Indian IT services company seems to be on its move. It showed up on my screener list as well as in IBD 100 list creating new highs and broke up from a flat base recently. It is a large growth (16 billion) stock and it seems to have Continue reading →
Next stock which showed in my trading screener list is Medifast (MED). I added it to my watch list and performed my analysis and it passed my screener, trending and fundamental criteria. As for the trending, the stock started its move up basically two years ago, in June 2009 and since then it ran up Continue reading →
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