Mon 6 January

A surprising number of short trades in this week’s best stock picks.

Long:

GSS – Golden Star Resources
Multiple bottom and broken out of descending triangle pattern. Could be a good play if gold is bottoming

GSS stock pick

SBY – Silver Bay Realty Trust
Broken out of the downward channel convincingly. Long term upward move possible.

SBY stock pick

Short

DRQ – Dril-Quip Inc
DRQ has taken out long term upward support and entered downward channel. Move back to $100 imminent.

DRQ stock pick

CCF – Chase Corp
Overbought situation. Should return to the mean over the coming days.

CCF stock pick

KNL – Knoll Inc
KNL has hit the upper resistance and begun to turn back, should return to the bottom channel.

KNL stock pick

Tags:


Leave a Reply

%d bloggers like this: