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6 Trade Ideas For The Coming Week

Published 08/12/2017, 04:28 PM
Updated 07/09/2023, 06:32 AM

FirstEnergy Corp. (NYSE:FE) established tight base over the last two weeks and break of resistance in the 32.4 area could trigger new up wave.
FE Daily Chart

Gray Television Inc (NYSE:GTN) has been in consolidation last week below 14.8 resistance break of which could signal new short term momentum toward 15.80 zone.

GTN Daily Chart

Microsoft Corporation (NASDAQ:MSFT) formed large bullish flag over the last 4 weeks. Break of 20 SMA and descending trend line around 73.20, which represent resistance, could send prices back to all time highs in the 74 area.

MSFT Daily Chart

Progress Software Corporation (NASDAQ:PRGS) is approaching all time highs around 32.6 which is also horizontal resistance. Break of that area is likely new buy signal. Target in a case of confirmed breakout is 33.5-34 zone.
PRGS Daily Chart

Web.com Group Inc (NASDAQ:WEB) is in a bullish pennant pattern. Break of 23.8 could signal new wave of buying. First target is in the 24.8 area.
WEB Daily Chart

Willis Towers Watson PLC (NASDAQ:WLTW) has been consolidating over the last few weeks in a tight range below 151 resistance. Break of 151 could be new buy signal for a swing trade with target in the 153.5 area.
WLTW Daily Chart

Good trading!
Sinisa Persic, CMT

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