5 Breakouts and 2 Bounce Plays
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).