I wanted to quickly upload a couple charts and setups I shared on Twitter today. Two of them are some of my favorites to trade and part of my 4 stocks to buy in 2009, while the other just can’t seem to get out of its funk.
Netflix – NFLX
A nice flag has developed here and it even seems like the stock has already broken out. Netflix (NFLX) just keeps on rising.. especially when the economy is sucking.
AK Steel – AKS
AK Steel (AKS) has definitely taken a little bit of a beating during the recent down run we have experienced, and now we are at a crucial point. We have confirmed the first bounce of the 200 day moving average support, but now it looks like we might get another shot at it. As long as it stays above the red line, consider it a buy.
Crocs – CROX
Hard to believe Crocs (CROX) was once in the 70′s, now it will be a miracle if it can get above $10. I have to believe the 50 day moving average resistance will knock this stock back down. Keep watching.
