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DaytradeTeam Buzzzzzzz: Two Stocks to Watch
By Andy Swan | Published  03/31/2006 | Stocks | Unrated
DaytradeTeam Buzzzzzzz: Two Stocks to Watch

There have been whispers on the street that TD Ameritrade Holdings (NASDAQ: AMTD) is going to crush earnings estimates. This news, combined with the Flag and Pennant formation created on AMTD's 20-day 30-minute bars chart, are bullish signs for AMTD. Notice how there is a decrease in volume during the creation of the Pennant. This is a necessary component of the Flag and Pennant formation.

Take a look at the 1 year daily bars chart for Unitedhealth Group Inc (Ticker: UNH). This stock was on a tear for quite some time, then it peaked at 64.60 and began its trek back down. Is there any life left in this UNH? Of course! This company has strong fundamentals and good management backing it up, but the fact that it's testing a four month down trend line for the third time definitely catches our eye.

Andy Swan is co-founder and head trader for DaytradeTeam.com.  To get all of Andy's day trading, swing trading, and options trading alerts in real time, subscribe to a one-week, all-inclusive trial membership to DaytradeTeam by clicking here.