------------ STOCKS TO WATCH - FRIDAY - APRIL 1 -----------------------
PNK showed some nice price action last week as it broke above the 50 day moving average on two very strong volume days. The price has dropped slightly below the 50 day moving average on profit taking. The price consolidation has come on light volume. The price has been hugging the 50 dma the last three days and the trend seems to be strengthening.
MACD is still strong and money flows are now turning positive. PNK looks like it's ready to snap back up above the 50 day moving average.
stockcharts.com[h,a]daclyiay[d20050101,20050401][pb50!b20!f][vc60][iut!Lah10,30,5!Lc20]&pref=G
Entry target $16.85. Price target $18.00. Initial stop loss $16.15.
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MCO (short). MCO is trading in a sideways consolidation following a breakdown from a prior price range. The 20 dma has now dropped below the 50 dma confirming a strong downtrend. With price consolidating well below the 20 dma, it is indicating that we may see a new leg down.
MACD is showing negative fuel cells so I don't think this one has the energy to break the trend. Money flows are decidedly negative.
stockcharts.com[h,a]daclyiay[d20050101,20050401][pb50!b20!f][vc60][iut!Lah10,30,5!Lc20]&pref=G
Entry target $80.54. Price target $77.00. Initial stop loss $81.60.
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BHI had a nice bounce off the 200 day moving average. Yesterday the price gapped up at the open and was able to build on the opening price. Volume the last two days has been above average. The price ran into the 50 day moving average where it pulled back slightly.
MACD turned positive yesterday and if the price can trade up above the 50 dma today, I think the price will continue higher and the technicals will grow stronger.
stockcharts.com[h,a]daclyiay[d20050101,20050401][pb50!b200!f][vc60][iut!Lah10,30,5!Lc20]&pref=G
Entry target $45.00. Price target $47.50. Initial stop loss $43.70.
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