SD, RAX, FR and AXP On The Watch For This Week
SD - Sandridge Energy - I had successful trades with SD in the past and it seems ready for another move higher considering the strong trend that it's on and a pullback nicely to the 10MA. The trigger resistance is $13.09 with support at $12.62.
Here's the chart analysis on SD.
RAX - Rackspace hosting - Similar set up, flagging at the high. The stocks broke out of a major consolidation pullback last month. Look for a positioning waiting for breakout above resistance $43.45 - $44.18. Support around $42.33 and stop loss below support 40.70.
Here's the chart analysis on RAX.
FR - First Industrial Realty Trust - it broke above a major resistance last week and consolidating toward the 10MA for more support. It made a strong upward move at last hour Friday. Resistance at $12.24 and support $11.81
Here's the chart analysis on FR.
AXP - American Express have been trading in a very defined consolidationg and have failed to break resistance $46.85 for a few times. It made a strong move last week and seem to accumulating more momentum for another try. A break of that resistance could mean a new uptrend to come. Look at a support at $45.79 and a further one at $45.10.
Here's the chart analysis on AXP.