Two Speculative Longs for Quarter-End
This is an important week for the market. Continued momentum into the end of the month would be a positive ahead of earnings season, but any misstep at these extended technical levels could have participants locking in profits for fear of underperformance. Until the market indicates otherwise, however, traders should be looking for stocks that are poised to benefit from strength into the end of the quarter. I have two speculative long candidates, both with large short positions, poised at technical breakout points.
Newpark Resources (NR) Source: StockCharts.com View Chart » View in New Window » ...363 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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