To Rally or not to Rally
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.
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.
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.
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.
Filed Under: Financial Markets
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