Top Trade Ideas For Week Of December 23, 2013

Published 12/23/2013, 08:36 AM

AmerisourceBergen, (ABC)
AmerisourceBergen Daily Chart

AmerisourceBergen, had a steady run higher after consolidating following a channel breakout in July. A brief pullback, and it found support at the lower Bollinger band and is moving back higher. The rising Relative Strength Index (RSI) and he MACD leveling support the turn back higher.

Baker Hughes Incorporated, (BHI)Baker Hughes Daily Chart

Baker Hughes, is reversing higher after pulling back from a high at the end of October. The pullback did not quite fill the gap, but the rising RSI and MACD turning and about to cross support the move higher.

8×8, (EGHT)
EGHT Daily Chart

8×8, made a Double Bottom at 8.90 and is moving back higher in a ‘W’ pattern. The RSI is rising through the mid line and about to make a higher high while the MACD is also rising. These support more upside price action.

Graco Inc, (GGG)
Graco Daily Chart

Graco, is testing the top of a bull flag or descending channel pullback, after touching the 100 day Simple Moving Average (SMA). The RSI is pushing through the mid line making a higher high and the MACD has turned higher and is crossed up, both supporting a push higher.

Wyndham Worldwide Corp, (WYN)
Wyndham Worldwide Daily Chart

Wyndham Worldwide, is breaking to new highs after a brief pullback to 70. The RSI is moving higher after holding at the mid line and the MACD is turning back up with a cross up looking certain in the near future.

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.