Here are three stocks which has potential to advance higher within the next few trading days.
Anthem, Inc. (ANTM), is consolidating below descending trend line(resistance) break of which could lead to new up momentum, target 198-201 range.
The Coca-Cola Company (KO), broke today lateral resistance in the 46 area and closed at the highest price since April of 2016 thus confirming start of a new momentum with target in the 47 zone.
PPL Corporation (PPL), broke out of a bullish flag today and is likely to advance toward 39.5-40 area over the short term period (1-2 weeks).
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Here is my selection of six trade ideas for the coming week…
FirstEnergy Corp. (FE) established tight base over the last two weeks and break of resistance in the 32.4 area could trigger new up wave.
Gray Television, Inc. (GTN) has been in consolidation last week below 14.8 resistance break of which could signal new short term momentum toward 15.80 zone.
Microsoft Corporation (MSFT) formed large bullish flag over the last 4 weeks. Break of 20 SMA and descending trend line around 73.20, which represent resistance, could send prices back to all time highs in the 74 area.
Progress Software Corporation (PRGS) is approaching all time highs around 32.6 which is also horizontal resistance. Break of that area is likely new buy signal. Target in a case of confirmed breakout is 33.5-34 zone.
Web.com Group, Inc. (WEB) is in a bullish pennant pattern. Break of 23.8 could signal new wave of buying. First target is in the 24.8 area.
Willis Towers Watson Public Limited Company (WLTW) has been consolidating over the last few weeks in a tight range below 151 resistance. Break of 151 could be new buy signal for a swing trade with target in the 153.5 area.
Fred’s, Inc. (FRED)
Northrop Grumman Corporation (NOC)
Vipshop Holdings Limited (VIPS)
Actuant Corporation (ATU)
Cintas Corporation (CTAS)
H.B. Fuller Company (FUL)
Alphabet Inc. (GOOGL)
United Continental Holdings, Inc. (UAL)
EnLink Midstream Partners, LP (ENLK) broke out today of a two week consolidation(bull flag) and begin new up wave with target projection toward the upper channel line in the 20 area.
Group 1 Automotive, Inc. (GPI), which has been in a sideways channel(rectangle pattern) since early December of 2016., broke today technical resistance in the 82 area and thus begin new momentum which has potential to reach 90 area within the next 10 day period.