Monday, February 18, 2008

Stock pick for the week of 02/19/08

XLE

Stop entry 73.25
Stop 71.57
1st target 74.7
Second target 77.42

Energy sector has been a better performing sector this year and XLE seems to have bottomed and has regained its 200 dma and is now hitting its 50 dma. Friday's hammer looks bullish after a false breakdown on intraday chart. My entry is above Friday high and my stop below Friday low. My targets are at next resistances.

Also like MON, ENS, ILMN.

No comments: