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Trade Setups for Wednesday

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February 08, 2011 – Comments (0) | RELATED TICKERS: TGB , VZ , PCXCQ.DL

Five setups to pay attention to tomorrow - 3 of which are long setups, and the other 2 short setups. 

Patriot Coal (PCX) - Tested 20-day moving average two days in a row with doji candles. Has been a consistent source of support. 

Vmware (VMW) - Bear flag. Price unable to escape above the 50-day moving average with a head fake as well.

Taseko Mines (TGB) - Close to breaking out of consolidation and on to new highs. Should see a nice pop above $6.08. 

Verizon Communications (VZ) - Beautiful breakout play here. Break above $36.60 - and this thing should fly. 

SEI Investments Company - (SEIC) - Bear flag on light volume. Rallied up to price resistance just overhead. 

Here are the Charts.

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