Stocks That Could Breakout And Up

I found a few more I like. All of these are for long trades, but, again, the stance here is very cautiously bullish.

EchoStar Corp (SATS) looks likely to break out of this wedge to the upside. I will be looking for a move over Friday’s high. Michael Brush also mentions SATS as a good value in an article last week, stating, “By (Glenn) Tongue’s calculation, the company now trades for substantially less than the value of just its cash and the satellite and broadcast businesses. He puts the value of these components at $25.60 a share. The stock recently traded for $20.50.”

(SBS): I mentioned my thesis here. I think SBS is providing an good entry again now.

TeraData Corporation (TDC): Last Thursday’s volume indicates buyers are interested here.

CMS Energy Corp (CMS): Another one with big volume on Thursday.

Steel Dynamics (STLD): Ditto. I am sensing a possible bottom in steel stocks.

Brush Engineered Materials (BW) looks like it is coiling and ready for a surge higher.

Apple (AAPL): Consistently higher volume on the buy side during the past two weeks.

Posted in Categories: Contributor, External Research, Stocks, USA.

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