3 High Flyer Trade Setups
So far the market has disappointed the bulls by not building on the morning gains, but at least the market hasn't gotten away from them. The bears, as has been the case since December, has had a hard time holding on to its losses, and building upon them. We saw it Friday, and we're seeing it so far today, where the S&P seems determined to keep fighting back.
Below are three 'high-flying' long setups that I really like a lot and should do well if the market can build any momentum going into the afternoon.
LONG: E-Commerce China Dangdang (DANG)
LONG: Affymax (AFFY)
LONG: Rare Element Resources (REE)
Here are the chart setups for the trade.