Your Trade Ideas For 7-9-12

Posted by Brian Lund in Trading, Your Trade Ideas

Some trade ideas for you….

I like this nice rounded base on $MITK.

$MITK Mitek Systems Inc.

An NR7 bar after nine up days in a row might signal that a pullback is due at least to the 200ma.  Look for possible day trade only shorts below the low of Friday’s candle in $MOS.

$MOS Mosaic Company

I have no idea what $PVA does, but the red inverted hammer could be a double top, so look for short setup on an intra-day chart below Friday’s low.

$PVA Penn Virginia Corp

$RBCN has made a strong, clean breakout above the 200ma and is tightly consolidating. Two inside bars, the second of which is also an NR7 is a tip off to a potential long trade.

$RBCN Robicon Technology, Inc.

Other rare earth stocks like $MCP and $AVL have woken up from the dead recently.  $REE is an also-ran in that industry, but the chart looks interesting.  Nice base under resistance and the 200ma.  Inside NR7 bar is a bonus.

$REE Rare Element Resources Ltd.

$SNCR has tested resistance two times already, but may need a couple more before it breaks.  Keep an eye on it as there is a 20/50ma “squeeze” setting up.

$SNCR Synchronoss Technologies Inc.

Why not subscribe to bclund.com for free  Via E-mail or Via RSS and follow me on StockTwits and Twitter?

What bclund is, is the intersection of markets, trading, and life (with some punk rock, pop culture, and off-beat humor mixed in).  Check out “The Best Of bclund” to get started.

  • http://twitter.com/MainStInvesting Adam Keeling

    PVA is an oil and gas company. Follow this one quite a bit (long term play) as it’s been coming off a major low in the $4 area. I trade it some in another account, but no short setup trigger yet, but likely coming soon.

    For a future trade, measured move down to $6.20 plus it fills the 6/26 gap – likely spot for support and decent bounce.

    • http://bclund.com/ bclund

      Cool, nice analysis. Thanks.