Divergence Watchlist 11/27/2017: AA, MRK, PCAR, GLOB, IT, CYH
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%)
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%)
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%)
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%)
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%)
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%)
last week’s Divergence Watchlist.
Follow me on Twitter.
Or Follow me on StockTwits.
Follow me on TradingView and view live charts.
Trading involves substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results. Opinions, market data, and recommendations are subject to change at any time. It is important to do your own research and analysis before entering a trade. Any trade you make is at your own risk.