Top Trade Ideas- Week Of February 24: AmeriSource Bergen And More

Published 02/23/2014, 11:25 PM
Updated 05/14/2017, 06:45 AM

Here are the Rest of the Top 10:

AmerisourceBergen, Ticker: ABC
AmerisourceBergen

AmerisourceBergen, ABC, had a long run higher from September to a consolidation in December before the recent pullback. The bounce higher is consolidating at the 50 day Simple Moving Average (SMA) with a Relative Strength Index (RSI) that is stalled over the mid line and a MACD that is rising.

BroadSoft, Ticker: BSFT
BroadSoft

BroadSoft, (BSFT) has been stair stepping higher but recently found resistance at 31. Tightening the pullbacks against that, it has a RSI that is bullish and a MACD that is flat as it sits on top of the 100 and 200 day SMA’s.

Monsanto, Ticker: MON
Monsanto

Monsanto (MON), is in the second leg of a move higher with expanding Bollinger bands, a bullish RSI and rising MACD supporting more upside price action.

Tractor Supply, Ticker: TSCO
Tractor Supply

Tractor Supply, (TSCO), had a long run higher before pulling back with the market in January. Now moving back higher it is consolidating the first move at 66.40 with a rising RSI and MACD.

Vertex Pharmaceuticals, Ticker: VRTX
Vertex Pharmaceuticals

Vertex Pharmaceuticals, (VRTX), is back at resistance at 85, this time after a shallower pullback. The RSI is rising and bullish and the MACD may be ready to cross up.

Disclosure: The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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