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Top Trade Ideas: Burger King Is Looking Good

Published 08/25/2014, 01:05 AM
Updated 05/14/2017, 06:45 AM
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Burger King Worldwide Inc (NYSE:BKW)
BKW Daily Chart

Burger King Worldwide had a long run higher from October until peaking under 28 in March. Since then it has consolidated on a symmetrical triangle and is now pressing against the top rail. The RSI is rising and bullish and the MACD is also rising, both supporting higher price action. Short interest is high over 9%.

Broadwind Energy Inc (NASDAQ:BWEN)
BWEN Daily Chart

Broadwind Energy, pulled back from a top at 13.50 and has gone through a rounded bottoming process since mid June. The price moved above the 50 day SMA last week for the first time since it started lower and the RSI is rising along with the MACD.

ConocoPhillips (NYSE:COP)
COP Daily Chart

ConocoPhillips ran higher from February until it found a top in July. It has pulled back quickly since then and has been consolidating over 79.50. It has just touched the rising 100 day SMA and the MACD is about to cross up to join the rising RSI.

MBIA Inc (NYSE:MBI)
MBI Daily Chart

MBIA made a double bottom at about 9.25 from July to August. It is now moving higher and consolidating under resistance at 10.50. The RSI is on the edge of a move into the bullish zone and then MACD is rising, both supporting more upside price action. Short interest is high at over 9% too.

Netsuite Inc (NYSE:N)
N Daily Chart

NetSuite has been trending higher along rising support since June. The RSI is rising and near a cross into the bullish zone and the MACD is about to cross up. These support more upside.

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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