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5 Breakouts and 2 Bounce Plays



August 29, 2011 – Comments (0) | RELATED TICKERS: HRS , BAC , TRV

Assuming the strength we are seeing in the market this morning can hold, here are 7 trade setups to add to your watch-list today. Should this market continue to march higher today, the trade setups shown below should benefit from the rally quite a bit. But as always, and even more so with the bounce plays, adhere to the stop-losses, because this market has shown especially with gap-up days, that it can change directions, with no warning.

Long: Geokinetics (GOK).

Long: Travelers Cos. (TRV).

Long: Avery Dennison (AVY).

Long: Bank of America (BAC).

Long: Harris Corp (HRS).

Long: Linear Technology (LLTC).

Long: Reynolds American (RAI).


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