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Top Trade Ideas: ABT, CMA, CVS, NVO, PNC

Published 07/28/2014, 02:17 AM
Updated 05/14/2017, 06:45 AM

Abbott Laboratories (NYSE:ABT)

ABT Daily Chart

Abbott Laboratories, had a strong run higher from mid April so you may think it is due for a pullback. And it might do so. But the recent consolidation in a bull flag suggests another leg higher may be in the picture.

Comerica Incorporated (NYSE:CMA)
CMA Daily Chart

Comerica, made a high in March before pulling back to near the 200 day SMA in May. the bounce higher consolidated for a month before falling back to the cross of the 50 and 100 day SMA’s last week and then bouncing higher again. The RSI is turning back up and the MACD did as well and is near a positive cross.

CVS Corporation (NYSE:CVS)
CVS Daily Chart

CVS Caremark, has had a strong trend higher since October 2013 with a pullback at the beginning of the year to refresh things. The price action since May has been mainly sideways with a small Cup and Handle.

Novo Nordisk B (NYSE:NVO)
NVO Daily Chart

Novo Nordisk, had a strong run higher from November until the top in February. A series of lower lows following that led to a jump higher in June and now consolidation. The RSI is bullish and the MACD flat and about to cross positive…..

PNC Financial Services Group Inc (NYSE:PNC)
PNC Daily Chart

PNC Financial, has been trending higher since last October. It has had several pullbacks to the 100 day SMA, including the breach following earnings 2 weeks ago. Now it is back at the 100 day SMA with a rising RSI and a MACD that has stopped falling and is starting to turn higher.

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Disclaimer: The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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