Divergence Watchlist – 11/27/2017

Divergence Watchlist 11/27/2017: AA, MRK, PCAR, GLOB, IT, CYH

AA Chart 112517
Alcoa (AA): After 8 years, AA broke through 40.00 resistance and is testing it as support. With the stochastic divergence signal, we should be able to hold and move higher.
Buy: 42.60
Target: 44.08 – 46.46 (3.46% – 9.06%)
MRK Chart 112517
Merk (MRK) has a coiled stochastic on a trend line and has divergence on the hourly time frame.
Buy: 54.92
Target: 56.20 – 57.79 (2.33% – 5.23%)
PCAR Chart 112517
PACCAR (PCAR) has stochastic divergence in a falling wedge on channel line support.
Buy: 68.54
Target: 69.90 – 72.11 (1.97% – 5.20%)
GLOB Chart 112517
Globant (GLOB) is on channel line support with weekly stochastic divergence. This move could happen quickly or there could be some consolidation first, be patient.
Buy: 41.75
Target: 42.66 – 44.28 (2.20% – 6.05%)
IT Chart 112517
Gartner (IT) has stochastic divergence on support of a parallel channel. Look for the stochastic to turn up and for the stock to move towards to top of the channel.
Buy: 117.00
Target: 119.29 – 121.94 (1.96% – 4.22%)
CYH Chart 112517
Community Health Systems (CYH) is in a falling channel with stochastic divergence. Higher Risk.
Buy: 4.33
Target: 4.62 – 5.09 (6.60% – 17.46%)

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