On Monday, we will watch General Cable Corp (BGC) for an extension move to the upside after Friday’s Line Drive expansion setup.
Circuit City Stores (CC) is also a Line Drive setup, and has some work to do in getting above the 50-period simple moving average. I will watch both sides on this one, as the stock has failed in every recent rally attempt.
Streettracks Gold (GLD) is a Line Drive setup and has work to do at the 50-period simple moving average as well. The stock made a clean break of the 20-period average on Friday and goes into the Monday session as a continuation candidate.
Finally, Meridian Gold Inc. (MDG) also made a Line Drive move on Friday, and is above all the significant averages. We will look for continuation entry opportunities here as well.
General Cable Corp
Circuit City Stores Inc
Streettracks Gold
Meridian Gold
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