E-mail Comment Del.icio.us Digg Reddit Technorati Furl

Buy Stocks Here On Rebound Expectation

Jun 25, 2010 Stock Market, Stock to watch, Technical Analysis, Trading Idea

With the exception of Wednesday when we had a small move to the upside, the major indices have been down every day this week and today we are also seeing some weakness in stocks. However, we are looking for a rebound and traders can start buying here for some quick profits today.

In early afternoon trading, Wynn Resorts (WYNN) is up $0.87 to $86.90 and we are looking for some more upside in the shares. Yesterday, we sent out a buy trade alert to subscribers of our Navivest Options Capitalist service on the Wynn July 90 calls.

We also like commodity related stocks, which while already up on the day, should see some more upside. In the space, we like Freeport McMoRan (FCX), which is only up $1.26 to $64.70.

More on this topic (What's this?)
(WYNN) Wynn Resorts Limited – Bull of the Day (Stock Blog Hub, 8/12/10)
(WYNN) Wynn Resorts’ Quarterly Earnings Beat Estimate (Stock Blog Hub, 5/5/10)
Fibozachi Forecast: Week of April 19 (Phil’s Stock World - Members S..., 4/19/10)
Read more on Wynn Resorts at Wikinvest

Tags: , , , ,

This entry was posted on Friday, June 25th, 2010 at 12:00 pm and is filed under Stock Market, Stock to watch, Technical Analysis, Trading Idea. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Comments are closed.