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Top Trade Ideas - Week Of April 28: Adobe, Jazz And More

Published 04/28/2014, 02:15 AM
Updated 05/14/2017, 06:45 AM

Here are the Rest of the Top 10:

Adobe Systems, Ticker: ADBE
ADBE
Adobe Systems (NASDAQ:ADBE) is moving lower after making a lower high. The RSI reversed at the mid line and the MACD is heading back lower after a brief rise. Look for more downside.

Ctrip.com, Ticker: CTRP
CTRP
Ctrip.com (NASDAQ:CTRP) broke through both support and all of the SMA on Friday, ending near the low of the week. There is a ‘M’ pattern in the works and the falling RSI and MACD support it continuing lower.

Jazz Pharmaceuticals, Ticker: JAZZ
JAZZ
Jazz Pharmaceuticals (JAZZ.O) moved higher out of a base last week, only to reject at the falling 50 day SMA. The RSI also turned back lower as the MACD leveled. The red Marubozu bodes for more downside.

Johnson Controls, Ticker: JCI
JCI
Johnson Controls (NYSE:JCI) continued the trend lower last week, ending at a new 2 month low and below the 200 day SMA for the first time since December 2012. With the RSI and MACD both heading lower and moving into the bearish range there looks to be more downside.

Regeneron Pharmaceuticals, Ticker: REGN
REGN
Regeneron Pharmaceuticals (NASDAQ:REGN) is heading lower in a 3 Black Crows pattern. It ended the week below the 200 day SMA on a strong red candle, boding for more downside. The RSI is falling back and the MACD has turned down and is about to cross down.

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