Our focus during the session will be on some upside follow-through. Line Drive Automatic Data Processing (ADP) will definitely be a candidate for an entry if it can move above the Tuesday high on continued market strength.
Constellation Energy Group (CEG) left a daily Fast Ball and will be on the radar for a move above the Tuesday high.
DTE Energy Co (DTE) also made a Fast Ball move on Tuesday. The stock closed above the 50-period simple moving average, and trade above the Tuesday high will have Julie and myself interested in upside opportunities.
Recent frequent flyer General Growth Properties Inc (GGP) finished off a Switch Hitter pullback on Tuesday and looks poised for a move higher on Wednesday.
Ruby Tuesday Inc (RI) left a Line Drive setup on Tuesday. We will look for early strength, particularly on any pullback to around 29.80 to signal a long opportunity.
Automatic Data Processing
Constellation Energy Group
DTE Energy Co
General Growth Properties Inc
Ruby Tuesday Inc
Be sure to keep an eye out for Tom Incorvia’s new Stock Swing Trading Service starting Wednesday night, and Art Collins’ 2-Day Overnight E-mini Index Futures Trading Service which debuts this weekend. Trial links will be posted on the TraderInsight.com home page. You can send questions about each respective service to either Tom@TraderInsight.com or Art@TraderInsight.com.
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