STOCKS TO WATCH - FRIDAY, NOVEMBER 5
DYN looks like it is willing to reverse to the upside. It had a new 20 day high last week and pulled back to the 20 day moving average. We haven't seen the sort of snap back up that one would expect from a 3-5 bar reversal however, DYN is now showing a narrow range bar in the form of a bullish harami and is indicating that it is a buy if the price can get above $5.
If it does, DYN should break out to a new 20 day high.
Note how the price is now sitting at the upper momentum band. Trading above $5 would also put the price into a bullish momentum mode.
The MACD is starting to show positive fuel cells and those fuel cells should start growing if DYN can get up above $5.
Entry target, $4.98. Stop loss, $4.75. (It shouldn't come down to this point if the buy target is hit, if it does, it changes the character of the stock and one should get out.) Price target, $5.50-$5.75 depending on the condition of the market next week.
stockcharts.com[h,a]daclyiay[pd10,1!f][vc60][iut!Lah10,30,9]&pref=G
--------------------------------------------------
--------------------------------------------------
SGU had a steep sell off and has been building a nice base over the last couple of weeks. I'm starting to see some accumulation going on and with yesterday's bullish engulfing pattern, I expect the price to start heading up.
MACD went positive yesterday and I'll be looking to buy close to the open. I think there's a $1.50-$1.75 worth of upside if it will start rising in the first hour of trading. A stop below yesterday's low of the day should provide minimum risk with the potential of decent upside.
stockcharts.com[h,a]daclyiay[pd10,1!f][vc60][iut!Lah10,30,9]&pref=G
dabum |
