American Capital Ltd (NASDAQ:ACAS)
American Capital has been building an ascending triangle against a resistance zone topping at 16 and rising support of the 200 day SMA since at least February. As it sits on the support there is low risk upside trade opportunity.
Altera Corporation (NASDAQ:ALTR)
Altera is a bottoming and reversal trade. The price has moved off of a higher low with a rising RSI and a MACD that is about to cross up.
BlackRock Inc (NYSE:BLK)
BlackRock is a bottoming and reversal play. The RSI has bounced off the technically oversold region and the MACD is starting to level. The price is consolidating and moving up as it moved under the 200 day SMA.
Cintas Corporation (NASDAQ:CTAS)
Cintas has been testing resistance at 64.50 since late June. The consolidation has now found support from the 20 day SMA. The RSI is in the bullish zone and starting back higher with a MACD about to cross up to support more upside.
Kansas City Southern (NYSE:KSU)
Kansas City Southern pulled back from a top over 117 July 23rd. It found support last week near 107 and Friday moved higher. The RSI is turning back up and the MACD is leveling as it consolidates around the 50/200 day SMA cross. Technically this is a Golden Cross.
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.