PSUN – way outside it’s bollinger bands. Stocks rarely stay outside (20,2) bollinger bands on the daily charts.
URBN – On the flip side, URBN is testing horizontal resistance.. Needs to move above $35 and hold. Today, we saw a headfake breakout. Careful.
A few with decreasing MACD histogram:
Here are a few stocks still heading up with decreasing MACD histogram (bearish divergence). Careful going long in these:
CMRG – 4.5 resistance
ZUMZ – 21 resistance
ARO – 24 resistance
MW
KCP
Other retails of interest:
ANF – One of the few that is still setup for a possible long move. Saefest trade is a move above 41 with stop just under.
JOSB – Currently at horizontal resistance. Possible swing long here over 44.
LIZ – Currently struggling with SMA200. Chart is generally neutral and looks a lot like the SPX… not interested in playing a stock that follows the SPX.. might as well scalp SPY or TNA or TZA.
COH – Only about a buck away from horitontal resistance on overbought RSI. Not touching it – feels like a chase at this point.
