To Rally or not to Rally


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Financial Markets

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  • EDIT (4:20 PM) – What a great day!!

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    Every where I look everybody is expecting a rally to be just around the corner. All this mushy mushy stuff is making me a little weary; nonetheless I will be READY. Some of the stocks on my radar include:

    Steel Dynamics (STLD)

    Sitting right at its resistance of the 50 day moving average, with increasing volume. If it resistance is broken, then first target can be set at $69.

    STLD 032308

    Nucor Corp (NUE)

    This stock has basically been like an ATM machine for me. It goes up, goes down, rinse and repeat. A break of resistance could put target at $75.

    NUE 032308

    Haliburton (HAL)

    The stock has come down a little off its 52 week high. A break of resistance (about $36.70) could see the stock make its way back up to $39.

    HAL 032308

    Sunaco (SUN)

    Still liking this stock by the day, especially on any weakness. I am looking at this stock as more of a long term play compared to the others on my list.

    SUN 032308

    More on this topic (What's this?)
    Nucor Increases Dividend 37th Consecutive Year
    Stock Analysis: Nucor Corporation (NUE)
    Read more on Nucor, Halliburton Company, Steel Dynamics at Wikinvest

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