ZZ, MFC, PMC our Free Stock Picks  RSS

by Sinisa Persic, TraderHR.com, Mon November 5th, 2012

We're watching Sealy Corporation (ZZ) closely for a breakout above 2.28, as the stock has been in a flat base pattern for a month and a half. The pattern is a consolidation off the steep rise from 1.59 to 2.20 in mid-September, and a break could continue the uptrend.

Manulife Financial Corp. (MFC) is in a symmetrical triangle that is narrowing right here at the 12.60 breakout point, where the stock closed on Friday. A move above that level would pierce the descending upper trend line and likely resume the uptrend, which began at the 10 level in July.

PharMerica Corporation (PMC) has a breakout point at 13 1/2 that we're watching after the stock climbed 93 cents to 13.34 on Friday to reach its several-month resistance line. The stock is in an ascending triangle pattern off its June low near 9 1/4, and break of this level could move the stock to 14.20 and then 15.08 next.