Monday, May 18, 2015

Stock Watch - Potential Movers

Here are some stocks that could continue to move upward in the coming days.

ADI confined in a trading range for the last couple months. Earnings report due tomorrow after the close. Report could move the price out of this trading range.



AZO bouncing off trendline support, could be making a pre-earnings move to recent high.



XLY consumer discretionary ETF could be squeezed by the rising trendline toward a break into new high territory.



CSOD could be making a break above the baseline of a C&H pattern that is also in confluence with a declining trendline inflection point.



DSKY could be setting up to break the trendline resistance and move toward completing the C&H pattern.



VEEV squeezing to a breakout for possible gap fill. Beware of upcoming earnings report.



Always trade defensively. Good luck!


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