Trade Setups for Wednesday
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.