Thursday, December 2, 2010

Watchlist - Longs

Here are some potential longs in the watchlist.  Some of these have already broken out and now would be a good time to buy in, and some need a bit more time.

TGT - Inverse head and shoulders just broke out yesterday.  Pattern dates back to late 2007.

SAFM - Nice strong resistance, waiting for a good breakout
WFMI - Trying to break out of anice consolidation pattern.  Seen this pattern in the past on this chart.  Big gap up, consolidation, another run up


PXD - Broke out to all time highs yesterday

 X - Finally broke out of strong resistance.  Could see more a bit more resistance at the dotted red line

COG - About to break


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