<><><><><><><> Sector Watch -- Week Ending 5/22 <><><><><><<><>
Basic Materials has been in the top two or three for the last trading day, week, month, & three months.
Financial has been in the top three for the last week, month & three months.
Let's look at some picks.
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BRY
The price smacked into the 200 MA and pulled back.
It consolidated for a few days and then closed above the 200 MA on strong volume -- Bullish
MACD Fast Line looks like it will cross up through the slow line soon.
RSI & Stochastics are upticking.
The 50 MA looks like it will cross up through the 200 MA soon -- Bullish
ETQ
On a nice Bullish uptrend--- finding support at the middle Bollinger Band and then going higher.
--- Wait for price to swing to the Middle Bollinger Band for entry ---
RSI & Stochastics are upticking.
MACD crossover -- Bullish
Volume is increasing and had a strong day on Friday -- Bullish
OZRK
Was running into resistance at the 200 MA on March
Broke above resistance in early April -- now resistance became support.
Dipped below the 200 MA on the 13th, 14th & 15th of May.
The Doji marks the change in trend and shot up then next day on strong volume -- Bullish
RSI, MACD , Stochastics are all Bulish
The 50 MA looks like it will cross up through the 200 MA soon -- Bullish
FSF
RSI & Stochastics have been up trending since April 20th -- Bullish
MACD & Histogram are up ticking -- Bullish
Three straight days of very strong volume
Happy Trading
May We All Make More $$$ Faster
Likesmoney
http://likesmoney.comxa.com/
