Appealing Setups for Tuesday March 25, 2014

Bullish Cross Over – 50D MA over 200D MA.

Acorda Therapeutics Inc. (ACOR): A close above yesterday’s high of 38.60 would be bullish and a close above the double top of 39.95 on 3/19/14 would be a conservative long setup.ACOR

Allegiant Travel Co (ALGT) – look for a break above 112.44 for a good setup.ALGT

Avalonbay Communities, Inc. (AVB): A break above 130.87, the high of the consolidation channel since mid-February, would be a good long setup.AVB

Central Garden & Pet Co. (CENTA): Potential Cup-With-Handle pattern. A break above 7.98 would setup the pattern.CENTA

GSG Commodity iShares S&P/GSCI Index Fund (GSG): Commodities ($GSCI) seem to be consolidating between the 38.2% and 50% Fibonacci retracement levels of the last leg up from early 2014. A break this level – 32.75 or yesterday’s high – for GSG would indicate a low probability resumption of the uptrend.GSG

Newfield Exploration, Co (NFX): On Friday, NFX triggered a Cup-With-Handle pattern, albeit with a lower handle. Good setup, though, with a closely looming resistance level.NFX

Bouncing Off Oversold Territory With Improving RSI.

Herbalife Ltd., (HLF): Caught between feuding hedge-fund titans, HLF is a high beta stock that is bouncing off oversold region. The stop loss is about 8.5% below current levels and the nearest resistance is 9.5% above. An optimistic target is 25%-28% higher.HLF

WNS Holdings Ltd., (WNS): Has had three days of rising price with average volume. Look for a break above Monday’s high of 18.65. A low probability setup with about 4% risk and target between 8% to 15% range.WNS

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