Sunday, May 4, 2014

Three To Watch

Here are three stocks worth watching for possible swing long.

DIS



While the DJIA hanging around the new high territory and money continue to shift into quality/value stocks, DIS looks to be a potential candidate that can help keep the DJIA where it is, or even help push it up to another new high. DIS has been pulling back within a falling price channel. The recent price actions have bought it back near the upper trendline of the price channel and could be getting ready to break above it. If it breakout, it could make a move toward a new 52 week high.

AU



Gold has been pulling back along with the gold mining stocks. As gold complete its pullback and getting ready to rally back up to recent high, AU appears to be ready to move up. It has formed a triangle and peeking through the breakout level.

AOL



AOL has a high open interest on some OTM May & June monthly call options with strike at 49 & 50. It always seem like someone know something before anyone else.


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